Dogecoin News Today: Dogecoin Eyes $1 Target Amid Bullish Cycles and On-Chain Accumulation

Dogecoin’s price projections have drawn renewed attention from analysts and investors, with historical patterns suggesting a potential price range of $1 to $2 during the current market cycle. These expectations are based on recurring four-year cycles that have characterized Dogecoin’s performance since 2014. Each major price surge has followed extended consolidation phases, with long-term highs connected by an upward sloping resistance line. According to this trend, a potential price peak around $1.00 appears plausible during the next bullish phase [1].

Technical indicators also support a bullish outlook. Recent price action shows Dogecoin trading near $0.2308, with a market capitalization of $34.73 billion. A daily low of $0.2227 was recorded before the coin recovered toward the $0.2400 level. Analysts have noted that a breakout above the $0.36 level could trigger a move toward $0.70, supported by a golden cross and a confirmed double bottom near $0.15. In terms of Elliott Wave theory, the current pullback from $0.25 to $0.22 aligns with the formation of Wave 2, with Wave 3 potentially projecting a target of $0.3763 and further extensions toward $0.45–$0.50 [1].

While the short-term price remains volatile, on-chain data highlights increased accumulation by large holders, outpacing similar movements in other meme tokens like Shiba Inu and Pepe. Analysts suggest this could signal a near-term price push toward $0.50. Some models project a price of $0.2290 on August 11 and 12, 2025, while more bullish forecasts anticipate a 300% increase in the coming months [2].

However, challenges persist. Dogecoin’s unlimited supply and the concentration of tokens among whale holders could hinder rapid price acceleration. Moreover, while the token benefits from strong brand recognition and a dedicated community, its utility as a payment asset lags behind its speculative appeal. This has led some investors to shift toward utility-driven projects, particularly in the DeFi space [1].

Despite these uncertainties, Dogecoin’s role in the broader market remains significant. As the final quarter of 2025 approaches, the pressure to deliver meaningful returns is increasing. A move toward $1 to $2 remains within the realm of possibility, provided that favorable macroeconomic conditions and institutional interest persist. However, the path to such a target will depend on regulatory clarity, macroeconomic stability, and the token’s continued adoption for real-world transactions [1].

Sources:

[1] https://coincentral.com/dogecoin-price-outlook-0-90-by-q4-experts-say-remittix-could-turn-500-into-50k-sooner

[2] https://www.bitget.com/price/dogecoin/price-prediction