The post Will Dogecoin Reach $1? Analyst Claims $1 Dogecoin Price Prediction by April 2025 as Weekly Candle Signals a Breakout – Dogecoin Prediction Featured in Latest Dogecoin News appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) is at the center of speculation after Trump’s announcement to put Elon Musk in charge of the Department of Government Efficiency (DOGE) sent its price surging. The market is making bold predictions, with some suggesting DOGE could hit $1 by April 2025.  We’ll check out the recent price movements and technical analysis to see whether this is possible.  There’s also PlutoChain ($PLUTO), a new Layer-2 solution that could make Bitcoin faster and cheaper to use by adding smart contracts to its infrastructure.  Here’s everything you need to know about these developments. Can Dogecoin Hit $1 by April 2025? Here’s What the Technical Charts Show As of January 2, 2025, Dogecoin (DOGE) is trading at approximately $0.3165. The current market capitalization is about $46.64 billion, ranking DOGE as the 7th largest cryptocurrency by market cap.  Key resistance is around $0.322, while immediate support lies near $0.3120, with major support at $0.3000. RSI is currently at around 62, which means Dogecoin is approaching overbought territory but still has room for potential upward movement before signaling a reversal or correction. Dogecoin’s recent weekly candle suggests a potential breakout and signals bullish momentum. Historically, similar patterns have preceded significant price surges, and a strong close above resistance could push DOGE closer to $1.  Sustained volume and buying pressure will be crucial for confirming this upward trend. Dogecoin (DOGE) has seen major price swings recently. In late 2024, its value shot up after President-elect Donald Trump appointed Elon Musk to lead the Department of Government Efficiency (DOGE).  This unexpected announcement caused Dogecoin’s price to jump from $0.15 to over $0.42 within days. Plans to reduce regulations and establish a Bitcoin reserve create a supportive atmosphere for cryptocurrencies like DOGE.  Ðima James Potts, a crypto analyst on X, predicts that DOGE could surpass $10…

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Filed under: News - @ February 11, 2025 4:24 am