Dogecoin Soars: Will the Price of 1 USD Come Back?

Dogecoin has once again become the center of attention in the market after a series of developments regarding regulations and businesses coinciding with a strong bounce back in price. From the acquisition of DOGE worth 50 million dollars related to Trump to Wyoming launching the first state-backed stablecoin, the environment surrounding digital assets is changing. Additionally, with the Federal Reserve America (Fed) signaling a softer stance on cryptocurrencies, you have the perfect formula for investment flows from institutions into virtual coins like DOGE. The daily chart currently reflects this new optimism, with price movements surpassing the short-term resistance level and challenging the upper Bollinger band. The big question is: can this wave of confidence from these institutions sustain the upward momentum to 30 cents and beyond? Dogecoin price prediction: Why is news important for DOGE price? The acquisition of Dogehash by Thumzup, an entity associated with Trump, for 50 million dollars is not just a sensational news. It demonstrates the trust in the Dogecoin infrastructure from wealthy investors with political connections. This is not the speculative enthusiasm of retail investors — but rather a testament to a long-term commitment to mining DOGE. The state-backed stablecoin from Wyoming, Frontier Stable Token, adds legitimacy to America's digital assets and indirectly reinforces the image of DOGE as a community-driven parallel coin. At the same time, comments from Fed Vice Chair Michelle Bowman caution that banks should not delay the adoption of digital assets, indicating that regulatory hurdles are easing. Together, these factors explain why institutional capital flows surged this week. Chart analysis: Daily trend of Dogecoin

On the daily chart, the price of DOGE is trading at $0.236, up 4.5% in the session. This move has brought the price back above the 20-day simple moving average and is heading towards the mid-point of the Bollinger Bands. Key observations from the chart: The strong support level is around $0.21, where DOGE has consolidated with large volume early this week. The first resistance zone is near $0.25, coinciding with the upper Bollinger band. A breakout here could quickly extend the range to $0.28–$0.30. If the closing price maintains above $0.30, the target will be $0.35 and potentially $0.42 based on the Fibonacci extension. The uptrend has evolved positively, but trading volume needs to be maintained at a high level to continue the upward momentum. The chart shows that higher lows are forming, reinforcing the bullish trend. The cash flow of institutions compared to retail speculation The recent price increase of DOGE did not solely come from the excitement of individual investors, but rather from the positions of institutions. The large trading volume from $0.21 to $0.22 indicates accumulation. If institutions continue to see DOGE as a stepping stone into the broader cryptocurrency market, then price stability above $0.25 could attract additional capital inflow. The difference this time is that the price of DOGE depends not only on Elon Musk's tweets or memes but also on the actual structural changes in the adoption of digital assets in America. Dogecoin Price Prediction: Short-term Outlook and 30 Days Bullish scenario: Breaking through the $0.25 threshold could create momentum towards $0.30 next week. If trading volume supports the upward trend, $0.35 - $0.42 will become a viable 30-day target. Neutral scenario: DOGE price stabilizes in the range of $0.21 to $0.25, with a sideways trend as traders digest the news. Bearish scenario: If the price drops below $0.21, the support level will again be $0.18, invalidating the bullish argument. With the combination of the power of charts and the momentum from regulations, the current possibility is that the price will increase. The last lesson The recent surge in Dogecoin's price is not just a meme-driven increase — but a result of institutional adoption signals and legal momentum in America. With $50 million poured into DOGE mining, a state-backed stablecoin in Wyoming and the Fed sounding more dovish, the outlook for DOGE is stronger than in previous months. As long as DOGE stays above the $0.21 level, the path towards $0.30 seems increasingly feasible. A decisive breakout there could set the stage for a much larger rally to around 35-40 cents next month.