Dogecoin Price Prediction: Is $1 the Next Leg Up?

Dogecoin Price Prediction: Is $1 the Next Leg Up?

Dogecoin, the original meme coin, has again re-entered a critical accumulation zone between $0.15 and $0.22, a range that has historically triggered 900%–13,000% rallies. At $0.23 as of this report, DOGE is showing signs of breakout potential as smart money piles in.

Large whales recently accumulated over 1 billion DOGE in just 48 hours, worth over $250 million. This kind of accumulation rarely happens without conviction. Analysts believe this signals institutional confidence and expect a September rally that could push DOGE past its previous resistance of $0.50 and even up toward $1.

Technically, Dogecoin is forming a bullish megaphone pattern, with the $0.73–$1.50 range serving as a long-term target if the pattern holds. With the recent breakout above the descending trendline and a flipped resistance acting as support, Dogecoin may be primed to replicate its historic parabolic moves.