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Dogecoin (DOGE) is showing signs of resilience, currently trading above the critical $0.15 level despite a recent downward trend. As of press time, DOGE is priced at $0.1548, reflecting a slight 1.5% dip in the past 24 hours. Over the past week and month, the meme coin has declined by 1.3% and 7.5%, respectively, but analysts suggest a bullish reversal may be on the horizon.
Crypto analyst STEPH IS CRYPTO remains confident in Dogecoin’s long-term potential, boldly forecasting a surge to $1. Sharing his outlook on X (formerly Twitter), the analyst wrote, “$DOGE will teleport to $1.00,” following a recent break above a key support level near $0.154. He previously hinted at an even more ambitious $2 target, fueling excitement within the DOGE community.
$DOGE will teleport to $1.00
— STEPH IS CRYPTO (@Steph_iscrypto) April 17, 2025
BE READY 🚀 pic.twitter.com/2yOoR3sSuC
Adding to the bullish sentiment, another prominent analyst, Trader Tardigrade, has identified what he describes as a historical pattern in Dogecoin’s price action—159 days of bearish movement followed by a 93-day bull run. With current indicators pointing to a consolidation phase, Tardigrade believes the next leg could propel DOGE toward substantial gains.
Institutional interest is also playing a pivotal role in Dogecoin’s future. Major companies like Tesla, AMC Theatres, and Newegg now accept DOGE for payments, citing its low fees and fast processing times as key advantages. Asset management firm 21Shares notes that Dogecoin’s utility in micro-transactions and tipping gives it a unique edge over other cryptocurrencies.
CoinGape analysts predict DOGE could hit $0.1824687 by 2025, but bullish momentum and growing institutional adoption may accelerate those gains. With strong community backing, analyst confidence, and historical trends aligning, Dogecoin could be gearing up for a breakout—potentially marking the start of a long-anticipated bull run toward $1.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Dogecoin Breaks Trendline as Whale Activity Surges
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
