Price Analysis View Non-AMP

DOGE on the Rise: Can Dogecoin Outshine Other Memecoins and Reach $1?

Published by
Sahana Vibhute

Dogecoin is showing signs of renewed momentum as market activity picks up, with trading volumes steadily increasing and liquidity across major exchanges remaining robust. Recent DOGE price movements suggest the asset is consolidating near key levels, indicating potential for an extended upward phase. Analysts predict short-term targets around $0.27–$0.30, with mid-term projections ranging from $0.31 to $0.36, and some optimistic forecasts extending up to $0.52.  

Factors Impacting the Dogecoin Price Rally

Dogecoin (DOGE) is experiencing a significant rally today, with the price increasing by approximately 11.4% to $0.2463. Several key factors are contributing to this surge:

  • Whale Accumulation: Large investors have purchased over $200 million worth of DOGE, now holding nearly 50% of the circulating supply. This accumulation is driving up demand and liquidity.
  • Technical Indicators: The formation of a “golden cross”—where the short-term moving average crosses above the long-term moving average—is historically linked to significant price increases.
  • Market Sentiment: Positive investor sentiment, fueled by recent bullish trends and speculative interest, is amplifying buying pressure.

These factors combined are creating a favorable environment for DOGE’s price to continue its upward trajectory.

Dogecoin (DOGE) Price Analysis—Will it Reach $1?

In the short term, the DOGE price is printing consecutive higher highs and lows, displaying the growing strength of the bulls. Although the price experienced multiple pullbacks and corrections, the price has remained inflated since the beginning of 2024. Following a strong ascending trend, the Dogecoin price has entered a pivotal resistance range. Therefore, a rise above the range could push the memecoin towards higher targets close to $0.5. 

Ever since the Q4, 2024 breakout, the DOGE price has been stuck within a decisive symmetrical triangle. Currently, the price has entered one of the important resistance levels between $0.2436 and $0.2494. Moreover, the 50/200 day MA is heading for a bullish crossover, called the Golden Cross, suggesting the token may soon break out from the pattern and reach $0.3 in a short while. 

On the other hand, the RSI is incremental and is heading towards the upper threshold. Once the levels enter the overbought zone, the Dogecoin price may begin with a fresh upswing. The upper targets include $0.36 initially and later $0.46. A secure rise above $0.5 may eventually attract fresh liquidity, pushing the tokens towards the current ATH above $0.75. Once these levels are secured, reaching $1 may not be a tedious job.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Michael Saylor Buys Bitcoin Dip; What Does He Know?

Michael Saylor has continued to accumulate Bitcoin (BTC) quietly amid midterm crypto bull market uncertainty.…

September 2, 2025

Layer Brett Backed To 150x The Gains Of Solana and Cardano Combined Before 2026

The crypto space is abuzz with the launch of Layer Brett, a promising memecoin currently…

September 2, 2025

Wyoming Reserve Partners with Global Gold to Launch First Fully Allocated U.S. Gold On-Chain

Sheridan, Wyo., 2 September 2025 - Global Gold, the modern monetary infrastructure for the world’s…

September 2, 2025

Shiba Inu Weekly News: Can Shiba Inu Still Make Millions? SHIB Rival Pepe Dollar Makes Crypto Headlines

Shiba Inu (SHIB) has remained a household name in the meme coin universe, but in…

September 2, 2025

The Next Shiba Inu: New Meme Coin Nearing $0.0025 Could Transform $800 into a Million for Long-Term Holders

Meme coins have always been unpredictable, but occasionally, a new project makes people pause and…

September 2, 2025

XRP Price Set to Outperform Ethereum? Here’s Why

XRP is trading near $2.82, up about 2% on the day but down over the…

September 2, 2025