The $1 Dream of Dogecoin Is Not Dead—Analyst Predicts Breakthrough This Summer

The weekly chart of Dogecoin has returned to a similar stagnation phase as in the first half of 2024; however, two independent technical experts believe that this stagnation phase is merely a reset before a decisive bullish move. Will Dogecoin Reach $1 by the End of Summer? In the one-week time frame, analyst Chris (@StonkChris) drew an expanding bullish channel that has guided price action since the lowest point in October 2023, which was $0.056. That structure has created a series of higher levels—~ $0.229 in March 2024 and ~ $0.484 in December 2024—and lower levels around $0.077 ( in February 2024) and $0.08 ( in early August 2024).

The latest pullback has just tested the lower rail of the channel at $0.13, where Chris noted that the weekly Stochastic-RSI indicator has begun to rise from single digits and the Ichimoku cloud is turning to support at above $0.22. From that confluence, he sketches a steep trajectory, almost parabolic, cutting through the resistance of the cloud in May, retesting the mid-range of the cloud near $0.30 and accelerating towards the upper boundary of the channel - an area that will be close to $1.00–$1.10 by the end of the summer of 2025. “Will DOGE reach 1 dollar by the end of summer 2025, does everyone think so?” he asked his followers on X, leaving little doubt about his belief that the long-term bullish trend remains intact. Need a higher peak The short-term picture is less binary in the eyes of Olivier (@Dark64), who analyzes Dogecoin on the daily chart. His picture is dominated by two features: the descending regression channel ( labeled as “BLSR”) has held the price since the November peak at $0.484 and a large round accumulation base expected to end between May 5, 2025, and June 29, 2025.

The main horizontal levels are next to the pattern. The immediate support level is at $0.1533, which the price is currently hugging. If that threshold is broken, Dogecoin could return to the lower edge of the channel below $0.13. On the bullish side, Olivier marks $0.2175 as the most important resistance level that DOGE could break out of the downtrend channel and marks the first high after several months. Meanwhile, the area around $0.229 could be the last line of defense for the bears as this is the local high from March 2024. A break above this level would expose $0.3496—an important support level from December last year until January this year. Finally, the high in December was $0.4361, with the yearly high at $0.484 completing the measured move target. Olivier’s trading logic is extremely simple. “The bullish trend will not continue until it creates a new higher low,” he wrote, while responding to a skeptic wondering if DOGE could drop to $0.12 first: “If it breaks the last low, it will drop. If it creates a new higher low and a new higher high, then I will be confident that a new bullish trend is underway.” Therefore, his roadmap allows for another sell-off - potentially into the $0.13–$0.11 range.

At the time of the press report, DOGE was trading at 0.154 dollars.