The recent price increase coincides with a bullish MACD crossover, further supporting the expectation of a potential rally towards $1.

Concerns linger over an upcoming $100 million Dogecoin token release, which could exert selling pressure on the price.

Analysts suggest that after bouncing from the $0.14 support level, Dogecoin is showing signs of a bullish reversal, potentially aiming for a $1 target if volume confirmations are met.

Despite recent gains, Dogecoin remains well below its peak of $0.73 in 2021, with recent highs only reaching $0.48.

The correlation between Bitcoin and Dogecoin has been strong, with a coefficient of approximately 0.67 over the past three months, indicating that Bitcoin's performance often influences DOGE's price.

Dogecoin (DOGE) has seen a significant surge in 2025, with traders forecasting a potential price increase of 180% if Bitcoin's bullish trend persists.

Over the weekend, Dogecoin's price rebounded notably, surpassing the $0.23 resistance level, signaling renewed buyer interest in the market.

Investors are optimistic about Dogecoin's potential for significant gains, especially as the broader crypto market shows mixed signals.

If bullish momentum continues, analysts believe DOGE could replicate its 2021 all-time high of $0.70.

Whale activity has increased by 8%, with large transactions over $100,000 contributing to the bullish outlook for Dogecoin.

In the past 24 hours, Dogecoin recorded $4.7 billion in trading volume, ranking fifth among top cryptocurrencies, excluding stablecoins.

The total cryptocurrency market capitalization now stands at $3.3 trillion, reflecting the growing popularity of altcoins, including Dogecoin.