Usman Salis
Dogecoin's having quite the moment right now. The coin jumped 4.69% in the last 24 hours to reach $0.20, and it's up a solid 16% for the week. That's got people talking, especially with Bitcoin smashing through to new all-time highs of $123,000 and altcoins finally waking up.
Popular crypto trader Kaleo didn't mince words on X, telling his hundreds of thousands of followers: "Run it back to ATHs with haste." He's talking about DOGE's all-time high of $0.737 from May 8, 2021 - a level that suddenly doesn't seem so crazy anymore.
The timing feels right too. With Bitcoin hitting new records and the whole altcoin market showing signs of life, meme coins are back in the spotlight. It's giving serious 2021 vibes, and anyone who was around then knows how wild things got.
Can DOGE Finally Hit That $1 Dream?
"Wen $1?" has been the battle cry of Dogecoin fans forever. The last time DOGE made a real run at that target was during the 2021 crypto frenzy, when retail investors, celebrity tweets, and pure social media chaos sent it flying.
Now people are wondering if lightning can strike twice. If DOGE can hold above $0.20 and break through key resistance levels, the path to $0.50 and beyond might actually open up. Crypto analyst Ali thinks so, saying "Dogecoin (DOGE) continues to target $0.25 as long as it holds above the $0.19 support."
Altseason Could Send DOGE to the Moon
Sure, DOGE is still 80 cents away from $1, but its recent push to $0.213 shows the dog coin isn't going anywhere. According to Swissblock, the altcoin market just broke out of months of sideways action, which could mean altseason is finally here.
If that's true, Dogecoin could be sitting pretty. Meme coins tend to go absolutely nuts during alt seasons, and a run to $1 would mean a 400% gain from current prices. Not bad for a coin that started as a joke about a Shiba Inu.
The stars seem to be aligning for DOGE. Market conditions are looking good, the community's still strong, and there's that familiar feeling of excitement in the air. Whether it can actually hit that magical $1 target? Well, that's the million-dollar question - or should we say, the one-dollar question.
Usman Salis
