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MainNewsDogecoin Pri...

Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1?


by Harvey Hunter
for Cryptonews
Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1?

The coveted $1 DOGE valuation is inching closer, with a 44% surge on the monthly bolstering the near-term Dogecoin price prediction.

DOGE is now testing the upper boundary of a two-week consolidation range between $0.20 and $0.25. Clear of this hurdle, DOGE could have a claim to the “best crypto to buy” conversation.

While still far from the post-inauguration rally’s $5.4 billion peak, DOGE is currently maintaining open interest at February levels at $2.7 billion according to CoinGlass Data.

Dogecoin open interest. Source: CoinGlass.
Dogecoin open interest. Source: CoinGlass.

With recent FUD easing, the door has opened to bullishness.

Traders appear to be positioning for a continuation, with the Binance long-to-short ratio of 2.23—69% of traders have bet on price increases.

Dogecoin Price Analysis: Is DOGE Ready to Hit $1?

This renewed bullish sentiment could fuel a breakout from Dogecoin’s current consolidation zone—and potentially end the broader descending channel that’s shaped its multi-month downtrend.

DOGE / USDT 1-week chart, pending descending channel breakout. Source: TradingView / Binance.
DOGE / USDT 1-week chart, pending descending channel breakout. Source: TradingView / Binance.

Momentum indicators further support this outlook. The MACD has formed a golden cross, surpassing the signal line, typically a strong indicator of a longer-term trend reversal on higher time frames.

More so, the RSI is holding firm above the neutral 50 mark at 53, suggesting sustained buying interest is outweighing any short-term profit-taking.

If momentum persists, a breakout could drive the DOGE price toward $0.45—an 87% potential gain from current levels.

From there, a more substantial catalyst will likely be needed to drive the next Dogecoin price wave, such as the June 15 decision deadline on a US spot DOGE ETF.

Traders should watch for a confirmed breakout above $0.25 to avoid a false signal, while the 50-day SMA at $0.195 stands as the next major support level if a correction unfolds.

New ICO is Ready to Disrupt an $85 Billion Industry

Presale investing has become a popular strategy, offering a hedge against recent economic uncertainty-driven downturns and a shot at above-average returns.

One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with over $470,000 raised in its ongoing presale.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.

The post Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1? appeared first on Cryptonews.

Read the article at Cryptonews

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MainNewsDogecoin Pri...

Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1?


by Harvey Hunter
for Cryptonews
Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1?

The coveted $1 DOGE valuation is inching closer, with a 44% surge on the monthly bolstering the near-term Dogecoin price prediction.

DOGE is now testing the upper boundary of a two-week consolidation range between $0.20 and $0.25. Clear of this hurdle, DOGE could have a claim to the “best crypto to buy” conversation.

While still far from the post-inauguration rally’s $5.4 billion peak, DOGE is currently maintaining open interest at February levels at $2.7 billion according to CoinGlass Data.

Dogecoin open interest. Source: CoinGlass.
Dogecoin open interest. Source: CoinGlass.

With recent FUD easing, the door has opened to bullishness.

Traders appear to be positioning for a continuation, with the Binance long-to-short ratio of 2.23—69% of traders have bet on price increases.

Dogecoin Price Analysis: Is DOGE Ready to Hit $1?

This renewed bullish sentiment could fuel a breakout from Dogecoin’s current consolidation zone—and potentially end the broader descending channel that’s shaped its multi-month downtrend.

DOGE / USDT 1-week chart, pending descending channel breakout. Source: TradingView / Binance.
DOGE / USDT 1-week chart, pending descending channel breakout. Source: TradingView / Binance.

Momentum indicators further support this outlook. The MACD has formed a golden cross, surpassing the signal line, typically a strong indicator of a longer-term trend reversal on higher time frames.

More so, the RSI is holding firm above the neutral 50 mark at 53, suggesting sustained buying interest is outweighing any short-term profit-taking.

If momentum persists, a breakout could drive the DOGE price toward $0.45—an 87% potential gain from current levels.

From there, a more substantial catalyst will likely be needed to drive the next Dogecoin price wave, such as the June 15 decision deadline on a US spot DOGE ETF.

Traders should watch for a confirmed breakout above $0.25 to avoid a false signal, while the 50-day SMA at $0.195 stands as the next major support level if a correction unfolds.

New ICO is Ready to Disrupt an $85 Billion Industry

Presale investing has become a popular strategy, offering a hedge against recent economic uncertainty-driven downturns and a shot at above-average returns.

One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with over $470,000 raised in its ongoing presale.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.

The post Dogecoin Price Prediction: After a 44% Rally, Is DOGE Winding Up for a Move to $1? appeared first on Cryptonews.

Read the article at Cryptonews

Read More

Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’

Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’

Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others...
PEPE Price Prediction for May 24: Bulls Defend $0.00001550 as Breakout Rally Slows

PEPE Price Prediction for May 24: Bulls Defend $0.00001550 as Breakout Rally Slows

After a stunning surge from the $0.00001000 base earlier this month, the PEPE price i...