Dogecoin Spikes After Mysterious Tweet — Is the $1 Breakout Finally Coming?

Updated

June 4, 2025

Gambar Dogecoin Spikes After Mysterious Tweet — Is the $1 Breakout Finally Coming?

Jakarta, Pintu News – On June 3, 2025, the Dogecoin price briefly rose 1% in the last 24 hours, reaching $0.1916 after the official Dogecoin account on X posted a mysterious tweet that was thought to be a sign of a big announcement.

Although DOGE is still down 16% in the past week, the meme token still recorded a 7% gain in a month and 20% in a year.

This percentage is moderate compared to some other altcoins and meme coins, but the possibility of big news in the near future could push the price even higher.

With the continued support of Elon Musk and his loyal community, Dogecoin price predictions in the long term remain very optimistic.

Dogecoin Price Rises 0.66% in 24 Hours

On June 4, 2025, Dogecoin saw a modest uptick of 0.66% over the past 24 hours, trading at $0.1964, or around IDR 3,198. During the day, DOGE fluctuated between a low of IDR 3,134 and a high of IDR 3,235.

At the time of writing, Dogecoin’s market cap stands at around $29.39 billion, with trading volume dropping 25% to $862.92 million within 24 hours.

Dogecoin Price Prediction: Mysterious Tweets Fuel Speculation of DOGE Breaking $1

A very simple tweet was enough to pique the curiosity of the Dogecoin community.

Sup chat
— Dogecoin (@dogecoin) June 1, 2025

Most users replied with similar tweets like “soup,” but some saw it as an optimistic signal that Dogecoin’s price will rise significantly-even to $1, or reach “double digits before 2030.”

However, it should be noted that there have been no official announcements or recent developments on Dogecoin’s part, so fundamentally there is no compelling reason to expect a major rally in the near future.

Looking at the current price chart, a decline seems more likely in the short term, given the direction of the coin’s technical indicators.

For example, its 30-day moving average (orange line) has just dropped back below its 200-day average (blue line), which is usually a sign of potential price declines.

Dogecoin’s relative strength index (RSI) (purple line) has also fallen to 40 today, and will likely have to touch below 30 first before seeing a recovery.

Even so, DOGE’s trading volume is still quite healthy, close to $1 billion. In addition, this week also saw large purchases from whale investors.

Fundamentally, Dogecoin’s position remains strong, especially with the support of Elon Musk. Now that he has stepped away from government affairs, it is likely that he will have more freedom to influence the price of DOGE again.

Dogecoin is predicted to reach $0.25 by the end of this month, $0.30 by the end of July, and up to $0.70 by the end of the year.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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: