DOGE Eyes $1 Milestone, Breakout and RSI Signal Strong Bullish Momentum

• Dogecoin is targeting $1, fueled by strong momentum and a breakout within an ascending channel since 2021.
• Analysts predict DOGE’s sustained uptrend, with $0.30 as key support and $1.50 projected in extended bullish scenarios.
• RSI and candlestick patterns confirm steady buying pressure, signaling DOGE’s potential to achieve higher highs and new milestones.

Dogecoin (DOGE) has shown strong upward momentum, supported by a confirmed breakout within a long-term ascending channel. Analysts CryptoBullet point to a $1 target as the next milestone, driven by a clear uptrend with higher highs and higher lows. The weekly price movement highlights Dogecoin’s steady recovery from its 2021 peak, positioning it for further bullish extensions.

Analyst CryptoBullet’s Technical Insights

CryptoBullet focuses on Dogecoin’s oscillation within an ascending channel since 2021. Initially, Dogecoin experienced a sharp rise to all-time highs in early 2021. This rally was followed by a prolonged correction phase, with consistent lower highs and lows through mid-2022. During this time, the price hovered near the channel’s lower boundary, suggesting an accumulation phase.

By mid-2023, Dogecoin demonstrated renewed bullish momentum, climbing steadily toward the midline of the channel. The upward movement intensified in late 2024, with the price surpassing key resistance levels and testing the upper boundary. A pullback in early 2025 allowed Dogecoin to retest the upper boundary, confirming it as a new support level. Consequently, this confirmed bounce set the stage for an upward trajectory toward $1.

CryptoBullet emphasizes the clear uptrend within the channel. Besides, candlestick patterns highlight sustained buying pressure, reflected in the dominance of green candles during bullish weeks. The chart also notes $0.30 as a key support level, while $1 remains the immediate resistance to overcome.

CEO Projects Extended Targets

Analyst Investment_CEO supports a bullish outlook for Dogecoin, projecting an extended target of $1.50 beyond CryptoBullet’s $1 milestone. This projection aligns with Dogecoin’s ability to sustain strong momentum following confirmed breakouts. Additionally, the CEO points to historical recovery cycles and growing market interest in DOGE as key drivers of extended growth.

The Relative Strength Index (RSI) signals sustained strength without immediate overbought conditions, adding confidence to the bullish case. Moreover, the parallel ascending channel continues to guide price movements, reflecting market discipline and investor optimism.