Dogecoin Surges 25% Amid Institutional Interest and Regulatory Clarity

Dogecoin (DOGE) is currently experiencing a bullish wave similar to the one observed in late 2024 and early 2021, periods marked by low volatility that preceded significant rallies. This time, the focus is on whether DOGE can reach $1. The recent surge in Dogecoin's price, which saw a 25% increase, was driven by broader market catalysts and growing institutional interest in cryptocurrencies. The market is also anticipating the U.S. Clarity Act, a bill that defines the roles of the SEC and CFTC, which could have implications for Dogecoin, particularly with multiple spot ETFs pending approval.

Analyst Master Ananda has highlighted strong technical signals in Dogecoin that resemble its last major breakout. After a prolonged bear market following its 2021 all-time high, DOGE showed early signs of recovery in 2024, with real momentum arriving late that year. Ananda believes a similar setup has been forming since mid-2025. Despite facing bearish pressure between May and June, Dogecoin held a critical mid-term higher low, suggesting strength through accumulation. With three consecutive green weekly candles and this week’s full-bodied breakout candle, Ananda suggests that a major move could be imminent. If the pattern repeats, Fibonacci extension targets place DOGE as high as $1.168, a potential 591% gain from current prices.

The next bullish wave for Dogecoin may already be in motion, with recent price action confirming a bullish continuation from a four-year cup-and-handle formation. This week’s surge follows an extended confluence zone that’s been building since the mid-April market bottom, now exploding into a blow-off top as bullish pressure breaks through. Momentum indicators show that the weekly RSI has surpassed the signal line for the first time since early May as buyers step back in, while the MACD line has broken out in a golden cross, suggesting a sustained uptrend. There is indeed a strong platform for growth. If it holds, the pattern may progress to its projected technical target of $0.75, a potential 345% move in line with the 1.618 Fibonacci extension. Master Ananda’s $1.168 target remains in play, bolstered by advancing U.S. regulatory clarity and growing institutional interest in crypto markets. With the potential for ETF approvals and untapped demand from traditional investors still unaccounted for, $10 is a credible long-term ceiling for the next cycle.

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