Dogecoin (DOGE) surges 12%, will it reach $1 soon? This is what analysts say!

Updated

April 25, 2025

Gambar Dogecoin (DOGE) surges 12%, will it reach $1 soon? This is what analysts say!

Jakarta, Pintu News – Dogecoin is back in the spotlight with a significant price increase, leaving Bitcoin and other cryptocurrencies in the dust. In the last 24 hours, Dogecoin (DOGE) recorded a gain of more than 12%, with an increase in transaction volume and the number of active addresses reaching the peak of recent months. This increase indicates that this is not just a temporary trend, but the beginning of an even higher upside potential.

Dogecoin (DOGE)’s Impressive Rise

Data from Santiment shows that Dogecoin (DOGE) experienced a massive 41.12% jump in transaction volume and a 34.91% increase in daily active addresses. These figures far surpass Bitcoin (BTC), which saw double-digit declines in the same metrics.

This increase indicates a resurgence of interest from both retail and whale investors in Dogecoin (DOGE). This performance places Dogecoin (DOGE) as the most prominent cryptocurrency at the start of the altcoin bull season. With momentum continuing to build, many are beginning to consider the possibility of Dogecoin (DOGE) reaching new record highs.

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Technical Analysis Shows Great Potential

The rounded bottom pattern on the Dogecoin (DOGE) chart indicates a long accumulation phase, which is now starting to pay off. If Dogecoin (DOGE) manages to cross the $0.20-$0.25 resistance range, this could be a strong bullish signal.

This analysis is supported by the MACD indicator showing a bullish crossover and the RSI rising above 60, signaling strong momentum. Increased trading volume and a strong green candle close at $0.181 add evidence of strong buying pressure. If Dogecoin (DOGE) manages to break the immediate resistance at $0.185, it could pave the way towards $0.20 and potentially higher.

Short-term Outlook and Long-term Potential

With market conditions currently heavily favoring altcoins, Dogecoin (DOGE) has all the elements it needs to keep going. The combination of investor interest, positive technical indicators, and bullish market sentiment gives Dogecoin (DOGE) a very good chance of reaching $0.74 and possibly even $1 in the near future.

This growth is not just a dream or a wish, but is based on solid technical analysis and a fundamental shift in the way the market sees Dogecoin (DOGE). These are exciting times for Dogecoin (DOGE) enthusiasts and investors.

Conclusion

Dogecoin’s (DOGE) spectacular rise marks an important moment in the history of cryptocurrencies. By keeping a close eye on market indicators and investor sentiment, Dogecoin (DOGE) may not only reach a new price record, but also cement its position as one of the most influential cryptocurrencies on the market.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.