Étienne Girard
Dogecoin has been hovering above the critical $0.15 support level, showing limited volatility in the last 24 hours. While the meme-inspired cryptocurrency has bounced back from last week’s dip, its momentum appears to have stalled, with no major price movement during recent trading sessions.
Currently priced at $0.1548, DOGE has declined 1.5% in the past day. Weekly and monthly losses stand at 1.3% and 7.5%, respectively. Despite the stagnation, market confidence remains intact among bullish traders and analysts.
Bullish Sentiment Builds: Analyst Predicts DOGE to Reach $1
Crypto analyst STEPH IS CRYPTO has expressed optimism about Dogecoin’s long-term prospects, forecasting a potential rally to $1. In a recent post on X, the analyst stated that “$DOGE will teleport to $1.00,” suggesting that the current support level could serve as a launchpad for a major upward move.
Previously, STEPH IS CRYPTO even projected a target of $2, fueling excitement among meme coin enthusiasts. Many believe that once DOGE breaks out of its consolidation phase, it could quickly reclaim higher price levels.
93-Day Bull Run Could Be Around the Corner
Another well-known analyst, Trader Tardigrade, points to historical patterns that suggest Dogecoin could be on the verge of a 93-day bull run. According to Tardigrade, DOGE often moves in a cycle consisting of 159 days of downward pressure followed by 93 days of bullish price action.
If this trend repeats, Dogecoin’s current consolidation may soon give way to a strong upward surge, offering potential upside for patient investors.
Rising Institutional Adoption Supports Bullish Outlook
Institutional interest in DOGE continues to grow. Major brands such as Tesla, AMC Theatres, and Newegg now accept Dogecoin as a valid payment method. This broader utility, combined with DOGE’s low transaction fees and quick block times, has strengthened its position as a viable option for micro-payments and tipping.
Asset manager 21Shares has highlighted these advantages as key reasons behind DOGE’s growing appeal in the payment ecosystem. According to PRIME’s Dogecoin price forecast, the meme coin could reach $0.1824687 by 2025 if adoption and interest continue to rise.
