Will Dogecoin (DOGE) Reach $1? Here’s the Latest Analysis!

Jakarta, Pintu News – Dogecoin DOGE2.52%->Current DOGE PriceRp 2.7892.52%Market CapRp 914,37 TriliunTrading VolumeRp 74,07 TriliunCirculating SupplyRp 147,24 Miliar, a cryptocurrency often thought of as a meme coin, is now showing signs of strength amidst the uncertainty of the broader crypto market. With strong support at $0.16 and increased address activity, Dogecoin has great potential to reach unprecedented price levels.

Check out the full analysis here!

Dogecoin (DOGE) Price Strengthening

Dogecoin (DOGE) currently trades with a 3.05% gain at $0.1675. Daily trading volume has jumped 13% to over $1.06 billion.

Leading crypto analyst Tardigrade Trader highlighted an important development on Dogecoin’s weekly chart: the last candle closed as a doji, a pattern often interpreted as a signal of a potential trend reversal.

As long as Dogecoin (DOGE) can maintain support at $0.16, the opportunity for an uptrend remains. In addition, options trading volume has increased by 31% to over $96 billion. Some market analysts even predict Dogecoin’s parabolic rise to over $20.

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Dogecoin (DOGE) Address Activity Increases

While the meme coin sector has seen a strong correction in the past two months, Dogecoin (DOGE) has seen a 37% drop in value on the monthly chart. However, Dogecoin is experiencing a huge spike in address activity at the current support level.

Blockchain analytics platform Santiment highlighted a promising trend: despite the price decline, the number of wallets holding at least one million Dogecoin continues to increase. Dogecoin’s active addresses have also increased, reaching the highest level in the last four months.

This increased activity indicates renewed interest among holders and traders, signalling potential resilience for this cryptocurrency in a challenging market environment.

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Market Influence and Development of Dogecoin ETF (DOGE)

Dogecoin (DOGE) will need a boost from the overall crypto market to support its uptrend. Also, the positive development surrounding the Dogecoin ETF could be an additional catalyst for further momentum.

CoinGape recently reported that BlackRock’s Dogecoin ETF application this year could trigger a rally to as high as $50. A stable crypto market and wider adoption of Dogecoin-based financial products could play a key role in achieving this ambitious price target. Investors and traders are advised to monitor these developments closely.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Dogecoin Price Eyes Rally to $1 as One Million DOGE Wallets Rising. Accessed on March 18, 2025
• Featured Image: Generated by AI