Dogecoin Eyes $1 Milestone: What's Hindering the Surge?

Dogecoin (DOGE) has reignited market excitement, surging more than 24% in a single day as bullish indicators and massive whale accumulation drive optimism for a potential run toward the coveted $1 milestone. But what's standing in Dogecoin's way?

Several crypto analysts are pointing to strong bullish setups. Projections show that the DOGE price may reach $0.95 or even surpass it, aiming for that significant $1 mark. Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone at the $0. resistance level.

However, challenges remain. Currently, Dogecoin maintains a price level with a trading volume of less than 10 billion DOGE, which is considered relatively low. A monthly close above $0.20 could trigger a rally to $0.74 and beyond, but Dogecoin faces a prominent resistance on its journey to higher valuations.

Recent insights from crypto analyst Trader Tardigrade have introduced a new technical pattern to the conversation: the “Descending Megaphone.” He believes this structure signals the beginning of a new climb. After a correction to $0.13 in April 2025, Dogecoin began another steady climb to its current levels near $0.23.

Technically, Dogecoin's 1.0 Fibonacci extension level indicates $1.55 as a significant technical and psychological milestone. A bullish pennant pattern also signals upward momentum, projecting a potential breakout. Dogecoin breaks key resistance and eyes $1. Here's the technical outlook.

So, while bullish momentum is building, factors like trading volume and resistance levels are key hurdles to watch as Dogecoin attempts to reach, and ultimately surpass, the $1 milestone. The next few weeks will be crucial in determining whether Dogecoin can overcome these obstacles and achieve its ambitious goal.