Dogecoin Set to Soar? Analysts Say “$1.17 Is in Sight — No Reason This Rally Stops at Just $1!”
Jakarta, Pintu News – Analysts from TradingView say there is no reason for Dogecoin’s price rally to stop below its one-dollar valuation, pointing to a bullish trend based on its historical price structure.
Dogecoin has experienced a short-term decline in sentiment, which is reflected by price movements showing moderate volatility in recent days.
Starting from around $0.165 on June 25, the meme coin briefly rose to slightly above $0.169 on June 30. However, the upward momentum did not last, and the price dropped back to $0.162 on July 1, 2025.
This movement comes amid predictions of higher price targets identified by TradingView analyst Master Ananda.
Support from 2022 Still Standing
According to Master Ananda’s chart, Dogecoin continues to receive support from the price structure that began to form in June 2022.
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At the time, DOGE had experienced a significant decline from its all-time high in May 2021 which stood at around $0.74. Since then, a strong support level was formed, preventing further decline and becoming the starting point for the next rally.
Interestingly, since the bear market’s low point in June 2022, the analyst reported that Dogecoin surged more than 880%, peaking at around $0.47 in December 2024.
This movement is in line with the Fibonacci extension level of 0.618. This Fibonacci-based structure, according to Ananda’s interpretation, indicates future price projections and possible market top formations.
Fibonacci Targets and Highlighted Resistance Levels
Based on this model, Master Ananda outlined the next target at $1.17, which is based on Fibonacci levels relating to the bull market of 2021 and the bear market of 2022.
From the current price of $0.1621, the move towards $1.17 reflects a potential upside of about 622%. If calculated from the June 2022 low of $0.05, the potential growth towards $1.17 amounts to about 2240%, or more than 23 times the initial value.
While these long-term projections are promising, Ananda also notes that markets move in cycles, where corrections often follow bullish moves.
With Dogecoin returning to what analysts call “baseline levels,” the resistance levels that were previously broken in late 2024 will likely have to be tested again. These points include $0.59 and $0.74.
The analyst stated that the $0.70 level is noteworthy because it was broken during the rally in December 2024. He also identified the $1.05 mark as a potential new all-time high.
According to Ananda, there is no reason for Dogecoin’s rally in this bull run cycle to stop below the $1 mark.
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Predictions for Dogecoin’s Continuation Above $1
On the other hand, WIZZ analysts also shared a projection that Dogecoin could reach $1, citing analysis from renowned market watcher Chris.
In a tweet on June 24, Chris noted that Dogecoin bounced off the long-term support trend line after experiencing a 13% correction, indicating a possible end to the downtrend.
He expects the rally to begin in July, with the potential to push DOGE to $1, even up to $1.40. Chris also advises asset holders to take profits when the price reaches these targets.
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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 and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- The Crypto Basic. Analyst Says No Reason For Upcoming Dogecoin Rally To Peak Below $1, Targets $1.17. Accessed on July 2, 2025
