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Dogecoin’s $1 Dream Isn’t Dead: Analyst Predicts Summer
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dogecoin’s $1 Dream Isn’t Dead—Analyst Predicts Summer Breakout

Jake Simmons
Jake Simmons
1 month ago
3 mins read
Dogecoin price news

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The Dogecoin weekly chart has slipped back into the same lull that characterised the first half of 2024, yet two independent technicians argue the lull is nothing more than a reset before a decisive push higher.

Dogecoin to $1 By Summer’s End?

On the one‑week time‑frame, analyst Chris (@StonkChris) plots an expanding rising channel that has been guiding price action since the October‑2023 low at  $0.056. That structure has produced a sequence of higher highs—~$0.229 in March 2024 and ~$0.484 in December  2024—and higher lows around $0.077 (February 2024) and $0.08 (early August 2024).

Dogecoin price analysis
Dogecoin price analysis | Source: X @StonkChris

The latest pull‑back has just retested the channel’s lower rail at $0.13, where Chris notes that the weekly Stochastic‑RSI has begun to curl up from single‑digit territory and the Ichimoku cloud is turning supportive above $0.22.

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From that confluence he sketches a steep, almost parabolic trajectory that slashes through the cloud resistance in May, re‑tests the mid‑cloud span near $0.30 and accelerates toward the upper boundary of the channel—an area that will sit close to $1.00–$1.10 by late‑summer 2025. “DOGE to $1 by the end of the summer 2025 anyone?” he asked followers on X, leaving little doubt about his conviction that the secular up‑trend remains intact.

A Higher High Is Needed

The short‑term picture is less binary in the eyes of Olivier (@Dark64), who analyses Dogecoin on the daily chart. His canvas is dominated by two features: a descending regression channel (labelled “BLSR”) that has trapped price since the November peak at $0.484, and a large rounded accumulation base projected to end between 5 May 2025 and 29 June 2025.

Dogecoin descending channel
Dogecoin descending channel, 1-day chart Source: X @Dark64

Key horizontal levels flank the pattern. Immediate support sits at $0.1533, the level price is presently hugging. Should that shelf give way, Dogecoin could revisit the lower line of the channel below $0.13. To the upside, Olivier marked $0.2175 the most crucial resistance where DOGE could break out of the descending channel and mark the first higher high in months.

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Meanwhile, the area around $0.229 could be a last line of defense for bears as this is the local high from March 2024. A break above this level would expose $0.3496—a key support in December last year until January this year. Ultimately, the December high at $0.4361, with the year‑to‑date high at $0.484 completing the measured‑move objective.

Olivier’s trading logic is brutally simple. “The up‑trend won’t resume until it prints a new higher low,” he wrote, adding in reply to a sceptic who wondered whether DOGE might first undercut $0.12: “If it breaks the last low, it will go lower. If it prints a new higher low and a new higher high, then I’ll be confident a new up‑trend is on.”
His road‑map therefore allows for one more flush—potentially into the $0.13–$0.11 pocket.

At press time, DOGE traded at $0.154.

Dogecoin price
DOGE hovers above the multi-year trendline, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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