On the weekly chart, DOGE once showed a clear bullish structure when it attempted to break through resistance around $0.25 in mid-July. However, the bulls were quickly pushed back. Since then, Dogecoin has struggled to build another strong move, even though the $0.20 support level has held firm. The downside is that trading volume has been far from impressive.
A positive sign comes from whales quietly accumulating during price dips, showing strong long-term conviction. Still, DOGE has fallen behind heavyweights like Bitcoin (BTC) and Binance Coin (BNB), both of which recently set new all-time highs.
On the weekly timeframe, breaking past $0.259 marked a bullish structure shift. The RSI also climbed above the neutral 50 level and has held that ground over the past month – a signal that bulls are regaining control. Meanwhile, OBV has seen a slight uptick, reflecting growing spot buying pressure.
The big question: Can DOGE hit $1 this cycle?
On the monthly chart, Dogecoin revealed a weakness when it failed to defend the $0.35 support zone at the start of 2025. Unless DOGE flips the $0.35–$0.45 region into support soon, its long-term bullish trend will remain shaky – even though its broader structure has been bullish since 2024.
If Dogecoin reaches $1 by 2025, its market cap would climb to roughly $116.4 billion – on par with Binance Coin today. However, it would still be far behind Ethereum (ETH), which currently boasts a market cap of over $517 billion.
The road to $5 by 2030
For Dogecoin to reach the $5 milestone, hype alone won’t be enough. The network must demonstrate real growth through metrics such as active addresses, transaction volumes, developer activity, and steady accumulation by long-term holders and whales.
Corporate adoption – similar to what Ethereum is experiencing – could also play a decisive role. That said, it’s important to acknowledge reality: Dogecoin remains a memecoin, heavily dependent on hype and market sentiment.
Its massive community, decentralized nature, and potential as a digital currency could support further gains in the short term. But in the long run, Dogecoin will remain a high-risk, high-reward bet, even for the most patient investors.
