Dogecoin to $1: 3 important conditions to fulfill according to MMBTtrader analysts

Jakarta, Pintu News – Dogecoin (DOGE) appears to be gearing up for a significant price increase, with market and technical indicators pointing to the potential for a major rally. The latest technical analysis shows that Dogecoin (DOGE) has a chance to reach $1, but some specific conditions must be met first.

1. Rupture of the Fallopian tubes that has been going on for months

According to a 3-day candlestick chart shared by MMBTtrader, Dogecoin (DOGE) broke out of a descending parallel channel on July 15, 2025. This breakout marked a significant change from a long bearish trend to a potential bullish trend.

This downward channel has been limiting DOGE’s price movement since late 2024. The breakout not only signals a change in momentum, but also opens up the opportunity for a retest of the trend line that was previously the main obstacle. A successful retest of this area would be a crucial step before DOGE can resume its rally towards higher levels.

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2. Conquering Key Price Levels to $1

After successfully bouncing off the trendline, analysts are targeting several important price levels that Dogecoin (DOGE) must break before it reaches the $1 mark. The first target is $0.32 (IDR5,196), which coincides with the 0.236 Fibonacci resistance and becomes strong support in December 2024.

If DOGE manages to surpass $0.40 (IDR6,495), the room for upside is wide open to test the previous record high of $0.73 (IDR11,964). The next target is $0.75 (IDR12,179), before finally heading towards the much-anticipated psychological target of $1 (IDR16,239).

3. Maintaining Bullish Momentum Amid Volatility

DOGE is currently trading at $0.2355 (IDR3,823), up 6.2% in the last 24 hours and 17.7% in a week. However, maintaining the bullish momentum requires price consistency above the 0.5 Fibonacci level at $0.216 (IDR3,504).

This level is considered an important stronghold. If the price stays above it, the chances of getting to the next targets increase. Close monitoring of support levels, resistance, and technical indicators will help traders anticipate price movements in the highly dynamic crypto market.

Conclusion

With the breakout of the technical pattern, a clear price target, and the support of market indicators, the chances of Dogecoin (DOGE) reaching $1 are getting more and more real. However, the volatility of the crypto market remains a factor to watch out for. Investors are advised to stick to strict risk management and monitor market conditions regularly.

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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 are subject to 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.

Reference:

• newsbtc. Dogecoin to $1 is Within Reach, Here’s What Must Happen First, Says Analyst. Accessed on August 11, 2025.