Peter Smith
Dogecoin (DOGE) just made a move that’s turning heads. According to a recent post on X, the meme coin has bounced right off a key support line, keeping its long-term uptrend alive. With a bullish pattern of higher highs and higher lows still intact, many traders are wondering: is DOGE gearing up for a run to $1?
DOGE (Dogecoin) Holding Strong — and Pointing Higher
As of this week, DOGE is trading at $0.1651 on Coinbase, up 7.77% over the last seven days. The weekly chart shows a clear rising channel that DOGE has respected for nearly two years. The most recent bounce off that trendline marks another higher low, reinforcing bullish structure and opening the door for a potential breakout.
The chart projects a move toward $1.00 and beyond, with the upper boundary of the channel suggesting a target around $1.30–$1.40. That’s exactly where the chart drops a bit of trader humor: “SELL EVERYTHING!”
July Could Be a Big Month for Altcoins
The tweet doesn’t just call out Dogecoin. It hints at broader strength across the crypto market, saying “all majors” are setting up for big moves in July. That lines up with improving market sentiment and rising altcoin interest heading into the second half of the year.
If momentum holds, DOGE could continue climbing into late 2025, riding the wave of renewed optimism. It’s still early, but if the structure holds, the bulls may have more to say — and $1 DOGE might not sound so far-fetched this time around.
Conclusion
Dogecoin has been through its fair share of hype and doubt, but this latest bounce shows it still has a pulse — and a pattern. With clean support, strong technicals, and a watchful market, DOGE could be gearing up for another headline-making move. The $1 level might be a bold target, but in crypto, bold tends to move first.
Peter Smith
