Dogecoin (DOGE) is back in the spotlight after gaining 15% in the past week, with technical indicators pointing to a potential breakout that could push the meme coin toward $1 in the near term — and possibly $10 over the longer run.
Crypto analyst Kevin Capital, followed by over 24,000 traders on X, highlighted that DOGE’s monthly MACD just flipped bullish, a signal that has historically marked major rallies. On the daily chart, DOGE has been building momentum since October 2024, creating a series of higher lows that suggest steady upward pressure.
For now, the key test is whether DOGE can break out of its current price channel. Analysts believe a successful breakout would fuel a rally past $1, setting a new all-time high. While reaching $10 may take more time, the broader Wall Street embrace of meme coins — including talks of a potential DOGE-linked ETF — could provide the institutional support needed to keep the rally alive.
In parallel, new meme projects like Maxi Doge ($MAXI) are riding the hype cycle, pitching themselves as community-driven tokens aimed at retail traders who want to capitalize on the bull market.
Summary
- DOGE Performance: +15% over the past 7 days, trading in a bullish channel.
- Technical Signal: Monthly MACD flip = historically strong breakout indicator.
- Targets: $1 in this cycle, $10 in the long term (if momentum and institutional adoption continue).
- Market Context: Meme coins gaining traction; ETF discussions add legitimacy.
