Dogecoin Gears Up for Breakout After 73% Correction: Can DOGE Hit $1 in 2025?

Dogecoin (DOGE), the king of meme coins, is back in the spotlight as it approaches a crucial Relative Strength Index (RSI) level that previously sparked a 70% rally.

Following a steep correction that saw prices tumble nearly 20% last week, DOGE is showing signs of recovery, and analysts are now eyeing a bullish reversal that could push prices toward $1 by year-end.

Currently trading around $0.20, Dogecoin has entered what experts call an “accumulation zone”, a price range between $0.15 and $0.22 that historically preceded explosive rallies of up to 13,000%.

The last time DOGE’s 4-hour RSI dipped below 30, the coin surged over 70% in the following month. With RSI levels once again hovering around that mark, a similar outcome may be on the horizon.

Adding fuel to the bullish fire, crypto whales have recently accumulated over 1 billion DOGE, valued at over $250 million, in just 48 hours. This rapid accumulation, often seen as a vote of confidence from institutional players, hints at an incoming uptrend that could catapult Dogecoin past its current resistance levels.

Technical Patterns Point to Bullish Momentum

Technical analysts are increasingly optimistic about DOGE’s future. KrissPax and Trader Tardigrade, two renowned market watchers, highlight similar bullish signals: Dogecoin is forming higher lows and repeating past RSI structures that led to substantial price spikes.

One analyst notes the formation of a bullish megaphone pattern, a rare but powerful indicator of high volatility and strong price expansion.

Additionally, the coin has just broken through a descending trendline and is currently testing the RSI 50 level. If momentum holds, DOGE could transition from a bearish to a bullish trend in the short term.

Another encouraging pattern suggests DOGE is completing the final leg of a three-bottom structure following a 73% correction, a setup that previously triggered major surges in its price history.

Is $1 a Realistic Target for Dogecoin in 2025?

While Dogecoin is still down significantly from its all-time high of $0.74, analysts remain hopeful. If the current bullish signals play out, a short-term rally to $0.34 is possible, followed by long-term targets between $0.73 and $1.50.

CoinCodex forecasts DOGE to hit $0.24 by early September, with sentiment indicators showing “greed” and 53% of the last 30 days ending in green territory. With technicals aligning and whale activity on the rise, Dogecoin may be gearing up for another memorable run, and potentially, a revisit to the $1 mark.