Crypto Analyst BitGuru Says Dogecoin Is on a Moon Mission — $1 Target in Sight!

Jakarta, Pintu News – The Dogecoin price is slowly moving towards the $1 mark after recovering from a small correction.

Fundamentally, DOGE’s outlook shows positive signals, but the meme coin needs to be able to hold above important support levels to trigger a new rally.

Dogecoin Price Eyeing Break Above $0.1850

An anonymous crypto analyst named BitGuru mentioned that the Dogecoin price could potentially experience an impressive rally above the $0.1850 level in the near future.

Read also: Dogecoin Edges Higher Today (April 25) — Is a Major Bullish Reversal Just Around the Corner?

In an analysis on the X platform, BitGuru stated that an uptrend towards $1 could happen in the next price spike, but DOGE needs to fulfill a few conditions first.

First of all, the Dogecoin price needs to be able to hold above the $0.1666 level to trigger a rally north towards $0.1850. However, if the price slips below that level, Dogecoin is likely to drop back to around $0.1524, which could dampen market optimism towards a potential rally.

Dogecoin’s price is trying to bounce back after falling to $0.1524 – what BitGuru calls a “classic cup” recovery pattern.

The price chart shows a gradual decline followed by a rise that he calls a “bullish beauty” signaling a potential long-term rally.

“DOGE has just completed a classic cup recovery pattern and is now stabilizing above a key support level,” BitGuru said. “If the price can hold this level, we will most likely see a new break above $0.1850 in the next upside move.”

BitGuru doesn’t give an exact time estimate, but optimism about Dogecoin reaching $1 is at an all-time high.

At current prices, DOGE would have to rise by almost 500% to reach that mark-driven by a combination of fundamental factors and positive indicators from on-chain data.

DOGE Figures Look Amazing

Currently, Dogecoin (DOGE) related metrics are in a very positive state following an impressive price recovery.

Read also: Whales Are Scooping Up Chainlink—Is a LINK Bull Run About to Explode?

In the last 24 hours (25/4/25), the Dogecoin price rose by almost 4%, while the weekly chart shows a rise of almost 20% for this meme coin.

DOGE is looking to make up for its 5.47% decline in the last 30 days with a new positive trend, while strengthening its gains over the past year. But amidst this impressive performance, the transaction volume dropped by around 14% and barely touched the $1.5 billion mark.

Despite the optimism following the Doge Day celebrations, there are also concerns about a potential drop in the DOGE price, following rumors that Elon Musk may withdraw his support from Dogecoin.

A crypto analyst named Master Kenobi predicts that DOGE could reach a new high in the next 55 days. This prediction is based on the possibility of the DOGE price breaking an important trend line, with the price projected to reach $0.90 by mid-June.

Additionally, data from Coinglass showed that open interest (OI) on Dogecoin futures jumped by more than 5% in a single day, reaching $1.98 billion.

This statistic further confirms the increasing market interest in this asset, paving a bullish path for future price movements.

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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 Targets Breakout To Near $1 After Classic Cup-Shaped Recovery. Accessed on April 25, 2025