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coinpedia 2025-05-08 06:20:45

Dogecoin Price Prediction: DOGE Price To Explode 500%, Hit $1 by August

Dogecoin Price Prediction: DOGE Price To Explode 500%, Hit $1 by August

The post Dogecoin Price Prediction: DOGE Price To Explode 500%, Hit $1 by August appeared first on Coinpedia Fintech News Dogecoin is once again grabbing attention, and this time, it’s not just the meme hype that’s turning heads, it’s the numbers. Several top crypto analysts believe the popular meme coin might be on the verge of a major rally, possibly pushing its price close to $1 in the coming months. After all, Dogecoin has a history of surprising the market, and it looks like it’s about to do it again. The $0.30 Target: Why It Matters One of the key things traders are watching right now is a diagonal line on the Dogecoin chart that has supported the price since October 2024. Crypto analyst Ali Martinez says that every time Dogecoin has touched this line, it has bounced back up. This trendline has supported #Dogecoin $DOGE since October 2024. A dip to $0.14 could present a buying opportunity ahead of a potential rebound to $0.30. Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mW9Y5p pic.twitter.com/lD9kr4BJOL — Ali (@ali_charts) May 7, 2025 Right now, Dogecoin is trading around $0.18 and is once again close to that support line. Martinez thinks the price might drop slightly to $0.14, but he sees this as a good chance to buy, not a bad sign. If Dogecoin bounces again like before, it could rise to $0.30, which would be a 76% increase from its current price. Three Rallies, One Trend Line – Aiming For 200% Surge Another prominent crypto analyst, Andrew Griffiths, says Dogecoin is now sitting on a strong support level, a price point where it has bounced back before. This support has held strong for over a year and has already helped Dogecoin start two big rallies. Looking at the chart, the first rally began in early 2024, and the second happened later that year, both started from this same rising line. Now, in mid-2025, Dogecoin is touching that same line again. Griffiths believes that if Dogecoin can stay above this support level, its price could jump by as much as 200%, possibly reaching around $0.50. However, if the price falls below this line, the rally might not happen. Dogecoin Eyes a 500% Breakout – $1 But prediction doesn’t stop there. Another pseudonymous analyst believes Dogecoin could rise even higher. They say the current price pattern looks similar to previous rallies, which suggests the price could surge by 500%. This would bring Dogecoin’s price up to $1 by August 2025. Combined with a bullish signal on the RSI indicator and a breakout above a downtrend line, suggests this could happen. Institutional Interest Heats Up For Dogecoin ETF On top of this, institutional interest in Dogecoin is growing. The recent filing by Nasdaq to list the 21Shares Dogecoin ETF, along with similar filings from Bitwise , REX Shares, and Grayscale, has followed. This shows that Dogecoin is no longer just a meme, it’s becoming a serious player in the crypto world.

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