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Dogecoin's Price Surges 200% to 330% as Analysts Predict Breakout

Coin WorldMonday, Apr 14, 2025 10:27 am ET

2min read

Dogecoin, after a prolonged period of stagnation, is showing renewed signs of momentum. Analysts are closely monitoring price levels as technical indicators suggest an impending breakout. Amidst this renewed optimism, the community is once again asking: Will the price of DOGE reach $1? While there are obstacles, bullish momentum appears to be building quietly.

Ali Charts, a prominent analyst, highlighted $0.17 as a crucial resistance level. If Dogecoin manages to close above this level on a weekly basis, it could trigger a price surge towards $0.21 and potentially even $0.29. However, maintaining the $0.13 support level is essential, as a drop below this zone could hinder momentum. Ali noted that the current price pattern mirrors past accumulation phases, which could lead to another significant move from the meme coin.

Javon Marks, another analyst, shared a positive outlook on DOGE market trends. He observed that the coin is exhibiting the same technical formation it did before its massive 2021 rally, when Dogecoin soared to $0.7376, its all-time high. According to Marks, if history repeats, the price could surge by 200% to 330%. His analysis supports a long-term Dogecoin price prediction well above $0.73, adding weight to the idea of a Dogecoin breakout in the coming months.

In 2021, Dogecoin reached its all-time high of $0.7376 with a circulating supply of just over 108 billion, driving its market capitalization to approximately $80 billion. In 2025, the supply has increased by more than 40%, now standing at 148.83 billion DOGE. This significant increase in supply shifts the dynamics of any future Dogecoin price prediction aiming to match its previous peak. Dogecoin would need a substantially higher market cap to revisit its former highs. Using the same ATH price of $0.7376 and the current supply, the market cap would need to exceed $110 billion just to match 2021 levels. Reaching the $1 milestone would now demand a total market capitalization of about $148 billion. While this is a challenging goal, it is not entirely out of reach in a full-scale bull market fueled by widespread adoption and the enduring influence of the Dogecoin community.

Current DOGE market trends show the price hovering around $0.166, just under the $0.17 breakout point. Technical indicators are beginning to incline bullish, though they still reflect a cautious stance among traders. Analysts suggest that a confirmed move above $0.17 would mark a significant shift, reigniting the debate around whether the DOGE price will hit $1 and renewing interest in Dogecoin price prediction outlooks that favor a rally.

While challenges like rising supply remain, the sentiment around Dogecoin is shifting. A technical base, historical chart similarities, and increased attention from analysts signal that a major Dogecoin breakout may be around the corner. If history repeats itself, the meme coin could surprise us once more.

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