DOGE Aiming for $1, Breakthrough and RSI Signal Show Strong Price Momentum

Dogecoin (DOGE) has shown strong upward momentum, supported by a confirmed breakthrough in the long-term uptrend channel. CryptoBullet analysts point out that the next milestone is $1, driven by a clear upward trend with higher highs and lower lows. Weekly price volatility highlights Dogecoin's stable recovery from its 2021 peak, positioning it for further price expansion. Analyzing the technical information of CryptoBullet CryptoBullet focuses on the volatility of Dogecoin in the upward channel since 2021. Initially, Dogecoin surged to an all-time high in early 2021. This price increase was followed by an extended period of consolidation, with continuous higher highs and lower lows until mid-2022. During this time, the price fluctuated near the lower boundary of the channel, indicating an accumulation phase.

By mid-2023, Dogecoin has demonstrated a new price uptrend, steadily moving towards the middle of the channel. A stronger price increase is seen at the end of 2024, surpassing key resistance levels and testing the upper boundary. A pullback in early 2025 allows Dogecoin to retest the upper boundary, confirming it as a new support level. Therefore, this confirmed recovery has set the stage for an upward trajectory towards 1 dollar. CryptoBullet emphasizes a clear upward trend in the channel. In addition, candlestick patterns highlight continuous buying pressure, reflected in the dominance of green candles during price increases. The chart also notes that $0.30 is the main support level, while $1 remains an immediate resistance level that needs to be overcome. CEO of the project aims to expand Analyst Investment_CEO supports the prospect of price increase for Dogecoin, forecasting an extended target of $1.50 surpassing CryptoBullet's $1 milestone. This forecast aligns with the potential for strong sustained growth of Dogecoin after the breakthrough is confirmed. In addition, the CEO points out historical recovery cycles and increasing market interest in DOGE as the main drivers for expanded growth.

The Relative Strength Index (RSI) signals sustainable strength without overbought conditions immediately, adding confidence to the case for price increases. Furthermore, the parallel upward channel continues to guide price fluctuations, reflecting market discipline and investor optimism. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)