Analysts Say Dogecoin Is Going to $1 Sooner Than Expected, Here’s Why the Charts Support It

• Dogecoin’s ascending wedge pattern signals a possible rally toward the $1–$1.20 range.
• Whale accumulation and rising DeFi TVL show strong long-term network and investor confidence.
• Maintaining support above $0.20 could trigger renewed momentum and a breakout toward $1.

Dogecoin (DOGE) continues to maintain a strong technical setup, showing sustained momentum within a rising channel pattern. The asset trades near $0.187, recovering from earlier declines. Analysts observe that the coin’s structure supports further growth if current levels hold. Based on ongoing projections, DOGE is going to $1 sooner than many expect, supported by technical indicators and on-chain data showing steady accumulation among large holders.

Technical Structure Points Toward an Upward Breakout

According to analysis prepared by Mags, Dogecoin’s price pattern from 2021 to 2026 forms an ascending wedge structure, supported by consistent higher lows. Prices have ranged between $0.10 and $0.45, with several consolidation phases preceding each breakout. Current trading action remains above a long-term support trendline that has held since early 2023.

Historical trends show repeated rebounds from the lower boundary, often leading to strong mid-term recoveries. The current setup projects a possible short-term dip near $0.15 before a sharp rally toward $1.00–$1.20. According to Trader Tardigrade, “Dogecoin is moving upward with its own rhythm,” maintaining consistent higher highs and higher lows. 

The RSI fluctuates between 40 and 80, indicating cyclical movement within an ongoing bullish phase. Volume data shows surges during rebounds, confirming accumulation activity near support zones. Analysts believe that maintaining momentum above $0.20 could accelerate the next move toward the upper boundary around $1.00.

Market Activity, On-Chain Data, and Sentiment Trends

According to data from DeFiLlama, Dogecoin’s Total Value Locked (TVL) in DeFi stands at $16.98 million, marking a 4.52% daily increase. The metric has grown steadily since late 2024, showing expanding participation in Dogecoin’s ecosystem. 

Despite weaker retail sentiment, large holders continue to add to positions, showing quiet confidence in the asset’s long-term outlook. Blockchain data indicates wallet creation declined 17% over recent days, yet whale inflows remain steady. 

Historical patterns show that such divergences often precede strong market reversals. Analysts suggest that stabilization above $0.20 could attract fresh buyers, helping DOGE reclaim previous highs near $0.45 before attempting a breakout toward $1.00.