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Dogecoin can still reach $1 – Expert forecast for the summer
The weekly chart of Dogecoin (DOGE) has fallen back into a gloomy state similar to the first half of 2024; however, two independent analysts believe that this lull is just a correction before a strong bullish surge.
DOGE reach 1 dollar before the end of summer?
On the weekly timeframe, analyst Chris drew an expanding bullish channel. This channel guides price action from the bottom of $0.056 in October 2023 and creates a series of higher highs – around $0.229 in March 2024 and around $0.484 in December 2024 – along with higher lows around $0.077 ( in February 2024), $0.08 ( in early August 2024).
From this convergence point, you draw a steep upward trajectory, almost parabolic, through the resistance zone of the cloud in May, retesting the middle of the cloud near 0.3 dollars, then accelerating towards the upper boundary of the price channel – an area that could lie close to 1–1.1 dollars by the end of summer 2025.
"DOGE will rise to 1 dollar by the end of summer 2025, who is in?" he asked his followers on X, clearly expressing strong confidence that the long-term bullish trend remains intact.
Need a new peak
From a short-term perspective, the picture is not as clear according to Olivier. His daily chart mainly revolves around two factors: the regression channel ( labeled "BLSR") that has capped the price since the November peak at $0.484 and a large accumulation base in a dome shape, projected to complete between May 5 and June 29, 2025.
! DOGE Descending channel DOGE on 1-day chart | Source: X @Dark64Các important horizontal level that surrounds the current price pattern. The nearest support is at $0.153 – the same level that Dogecoin price is sticking to. If this support breaks, DOGE can return to the lower border of the price channel, below $0.13. On the flip side, Olivier marked $0.217 as the most key resistance zone where DOGE could break out of the downward channel and form its first multi-month higher.
Meanwhile, the area around $0.229 is seen as the "last line of defense" for the bears, as this is the local peak that formed in March 2024. If DOGE can surpass this level, the price could move towards the $0.349 area – which was an important support level from December last year to January this year. Finally, the December peak at $0.436 and the peak so far this year at $0.484 will be the next targets in the measured bullish move.
Olivier's trading strategy is ruthlessly simple: "The bullish trend will not be confirmed until DOGE makes a new higher low," he wrote. In response to a skeptical follower about the possibility of DOGE dropping below $0.12, he added: "If it breaks the old low, the price will drop further. Only if it makes a higher low and higher high, will I believe that the bullish trend has returned."
His roadmap still leaves open the possibility of another drop — possibly down to the 0.13–0.11 dollar range. At the time of writing, the price of DOGE is trading at 0.154 dollars.
Minh Anh