Will Dogecoin Price Hit $1? On-Chain Metrics Flash Bullish Signal

Key Insights:

• Expert analysts make bold predictions as the Dogecoin price holds its upside momentum, suggesting that DOGE could hit $1.
• On-chain metrics, such as the long/short ratio and spot inflow/outflow, flash bullish outlook.
• Price action revealed that DOGE price could only rally if it closes a daily candle above the $0.258 level.

Dogecoin’s price appeared to be breaching one of its strongest resistance levels at $0.255, which has been held since February 2025. The price action suggested that a successful breakout could pave the way for strong upside momentum.

DOGE could also attract many investors waiting for a clear direction.

Dogecoin Price Momentum and Prediction

Looking at the current price action and overall market structure, crypto experts and analysts are making bold predictions. The most common prediction circulating on X (formerly Twitter) is that Dogecoin price could climb to $1.

Amid this, a user on X shared that DOGE’s monthly chart suggested it could rise back to the $0.40–$0.45 range, which seems achievable now.

He further stated that if the monthly RSI breaks through the downtrend line, we can start talking about higher, more aggressive targets. However, the predicted Dogecoin target represents a 70% upside from the current price level.

At press time, Dogecoin price traded at $0.2543, having climbed over 4% in the past 24 hours. Despite this modest price surge, trading volume dropped by 40% during the same period. It indicated investors and traders could be waiting for a clear breakout.

Bullish On-Chain Metrics

Investor and trader activity has turned bullish, as they have begun accumulating and placing bets on the upside, according to the on-chain tool CoinGlass. When writing, nearly $8.50 million worth of DOGE has left exchanges during the past 24 hours, hinting at potential accumulation.

Meanwhile, large transaction volume, typically associated with whales, has also surged by 35%, according to the on-chain tool IntoTheBlock.

Traders looked overleveraged between $0.2476 on the lower side and $0.2593 on the upper side, with $42.86 million worth of long positions and $32 million worth of short positions.

This clearly indicated that bulls were dominating bears, and DOGE price could soar further.

Dogecoin Price Technical Analysis and Key Levels

According to expert technical analysis, Dogecoin price was in an uptrend. It was approaching a key resistance level at $0.255 at press time. This level has a solid history of price reversals.

Since February 2025, Dogecoin price has tested this level multiple times but faced selling pressure and significant price drops each time. However, this time, the sentiment and the market trend were different. Trader and investor activity suggested that history may not repeat itself.

Based on recent price action, if DOGE could breach this key resistance and close a daily candle above $0.255, a potential price surge of 22% could follow. If this occurs, the meme coin could reach the $0.315 level.

However, DOGE’s Relative Strength Index (RSI) was at 81.91, indicating that the asset was overbought. It suggested a higher likelihood of a price correction until the RSI cools down.

At press time, Dogecoin price traded above the 200-day Exponential Moving Average (EMA) on the daily timeframe. That indicated sustained bullish momentum and strong support for the ongoing uptrend.