Dogecoin Set to Skyrocket 500%? Analysts Predict $1 Target by August 2025!

Jakarta, Pintu News – Dogecoin (DOGE) has stolen the spotlight again, and this time it’s not just because of the meme hype, but also because of the movement of its numbers.

A number of reputable crypto analysts believe that the popular meme coin may be gearing up for a major surge, potentially even pushing its price close to $1 in the next few months.

After all, Dogecoin is known for surprising the market, and it looks like it’s about to do so again.

Target $0.30: Why It Matters

One of the main things traders are currently watching is the diagonal line on the Dogecoin chart which has been a support line since October 2024.

Crypto analyst Ali Martinez said that whenever Dogecoin touches this line, the price always bounces back up.

Read also: Pepe Coin Set to Skyrocket? Analysts Predict a Massive 60% Surge Ahead!

Currently, Dogecoin is trading around $0.18 and is approaching that support line again.

Martinez expects the price may drop slightly to $0.14, but he sees this as a good buying opportunity, not a bad sign.

If Dogecoin bounces back to where it was before, its price could rise to $0.30 – an increase of about 76% from its current price.

Three Rallies, One Trendline – Target Upside of 200%

Another well-known crypto analyst, Andrew Griffiths, stated that Dogecoin is currently above a very strong support level – a price point where Dogecoin has previously managed to bounce back. This support has held for over a year and has already triggered two major rallies.

As you can see from the chart, the first rally started in early 2024, and the second happened a few months later – both starting from the same uptrend line. Now, in mid-2025, Dogecoin is touching that line again.

Griffiths believes that if Dogecoin is able to hold above this support level, its price could surge up to 200%, potentially reaching around $0.50. However, if the price drops below this line, such a rally is unlikely.

Dogecoin aims for 500% surge – to $1

Dogecoin price predictions don’t stop at $0.50. An anonymous crypto analyst predicted that the Dogecoin price could go much higher.

Read also: Dogecoin to the Moon? Analysts Predict 105% Spike Amid ETF Speculation!

He said the current price pattern is similar to the pattern that appeared before the previous big rally, which could open up the opportunity for a surge of up to 500%. If that happens, the Dogecoin price could potentially reach $1 by August 2025.

This prediction is further reinforced by the bullish signal on the RSI indicator as well as the breakout above the downtrend line-two important technical signs supporting the upside potential.

Institutional Interest Rising – Dogecoin ETF on the Horizon

On the other hand, interest from large institutions in Dogecoin is growing. Recently, Nasdaq applied to list a Dogecoin ETF from 21Shares.

Similar requests were filed by Bitwise, REX Shares, and Grayscale.

This move shows that Dogecoin is no longer just a meme coin – it’s starting to be seen as a serious asset in the crypto world, with the potential to appeal to institutional investors.

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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:

• Coinpedia. Dogecoin Price Prediction: DOGE Price To Explode 500%, Hit $1 by August. Accessed on May 9, 2025