Analysts Predict Dogecoin Could Reach $1 If Bitcoin's Rise Continues

Dogecoin has once again become the center of attention as traders and analysts predict a massive bullish increase of 180%, driven by the bullish market structure and the continued strength of Bitcoin. After a 38% increase in May, this is the best monthly gain for this coin in 2025. DOGE has surged alongside Ethereum and Bitcoin, with increasing investor confidence and strong technical signals indicating the potential for higher bullish gains. According to CoinGecko, the 24-hour trading volume of Dogecoin has exceeded $4.7 billion, ranking fifth among the top cryptocurrencies excluding stablecoins, reinforcing the bullish momentum in the market. On-Chain Data Supports Bullish Sentiment Data from CryptoQuant shows that the 90-day accumulated volume delta (CVD) of DOGE is still "buyer dominant", a clear sign that active buyers are outpacing sellers. This pattern was last seen in November 2024, prior to the bullish surge of 385% that brought Dogecoin to $0.48 in Q4 2024. The bullish sentiment continues to be supported by the Net Unrealized Profit/Loss data (NUPL) for long-term DOGE holders. Recently surpassing the 0.5 threshold, this metric indicates that most holders are currently in profit. Traditionally, a NUPL above 0.5 signals "confidence" in sustained increases, as profitable holders are more likely to hold rather than sell, creating price stability and paving the way for potential explosive bull runs. Analysts Predict DOGE Will Reach $1 If Bitcoin Remains Bullish Technical analyst Trader Tardigrade has outlined a historical bullish setup in the DOGE/BTC pair, comparing it to the previous parabolic move when DOGE skyrocketed 30,000% from $0.0024 to $0.739. The chart shows a similar consolidation structure and breakout forming now, with a potential bullish move if Bitcoin enters a sideways consolidation phase after the recent rally. Tardigrade also emphasizes the bullish MACD crossover on a weekly basis — the third time since the beginning of 2024 — which previously led to a 180% increase (from January to March 2024) and 385% (from September to December 2024). The short-term price target for DOGE set by the analyst is $1, depending on the continued strength of the market and positive macro sentiment. The Cryptocurrency Community Shares Similar Predictions Another cryptocurrency analyst, Javon Marks, also agrees with this optimistic viewpoint, predicting that the price of DOGE will rise to $0.65, the highest price for DOGE since May 2021. Marks stated: "$DOGE (Dogecoin) is currently showing GREAT STRENGTH after establishing higher lows! $0.6533 could rise nearly +180% more and the price could even break above, bringing $1+ into play" With the correlation between DOGE and Bitcoin at around 0.67 over the past three months ( according to Macroaxis ), many traders believe that Bitcoin's continuous bullish momentum could serve as a catalyst for a comprehensive breakout of Dogecoin. Is There a DOGE Super Rally Coming Soon? While previous bullish phases were often led by Bitcoin, current data suggests that Dogecoin may be preparing for an independent breakout driven by strong fundamentals and increasing accumulation from long-term holders. As long as BTC remains above the important support level, analysts believe that DOGE could soar by 180% in the coming weeks, potentially testing or surpassing the elusive $1 mark.