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Home»Altcoins»Dogecoin has only 3 steps to go to a peak above $1, but an important factor is missing
Altcoins

Dogecoin has only 3 steps to go to a peak above $1, but an important factor is missing

2026-05-13No Comments3 Mins Read
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A crypto analyst has set multiple bullish price targets for Dogecoin (DOGE), predicting a strong, sustainable rally to the long-awaited $1 milestone. The analyst shared technical chart patterns to support his optimistic forecast. However, he still believes that a critical catalyst is needed to propel Dogecoin to these higher levels. His analysis shows how the DOGE price will rise towards each target until it crosses $1.

Dogecoin Rally to $1 Depending on Elon Musk as Catalyst

Crypto analyst Celal Kucuker has done just that constructed seven bullish price targets for Dogecoin at Elon Musk acts as an important catalyst for a big demonstration.

Related reading

Kucuker’s confidence in Musk as a driver is based on past incidents between Dogecoin and Tesla’s CEO. Musk has a well-known track record in the field moving the price of the meme coin with little more than a tweet or public support. From referring to DOGE as “the people’s crypto” to change his X profile to Dogecoin related In images, Musk’s past interactions with the meme coin have led to some of the most explosive price increases.

At the same time, Kucuker anchors his projections in what he describes as a ‘very pure map’ that leaves traces a descending channel that has guided Dogecoin’s price action since its peak earlier in 2025. Within this channel, DOGE moves in a consistent zigzag pattern, grinding sideways as it hits the upper and lower boundaries of the channel.

Dogecoin
Source: Chart by Celal Kucuker on X

The channel reveals a consistent, recurring pattern in Dogecoin’s price. Every time the meme coin has risen and hit the upper limit of the descending channel, it has formed a local high before retreating. The first touch led to a local top of around $0.517, and the second produced a lower top of around $0.315.

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Based on this recurring trend, Kucuker believes that Dogecoin is preparing to hit this upper limit for the third time, potentially leading to a lower high at $0.204. Once that happens, the analyst expects a drop towards $0.09.

At this low point, Dogecoin is likely to provide a strong foundation for its next upward move. Kucuker predicts this will one day be the case potential rally beginsDogecoin’s price will officially break free from its multi-year declining channel and begin rising towards its ultimate top around $1.61.

However, before reaching that target, the analyst noted that Dogecoin will have to cross several resistance and support levels. He marked them at $0.50, $0.12, $0.30, $0.08, $0.20, $0.010, and finally $1.60. Each of these levels represents critical control points where the price could rise sharply in direction or reverse it before the next rise begins.

Analyst Reveals Best Time to Buy DOGE Before a $12 Run

Market expert Mikybullcrypto has done that shared the ideal time for investors and traders to re-enter the Dogecoin market. According to the analyst the best time to build positions in the meme coin is around $0.10, where DOGE is currently trading

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The reason the analyst has marked this area as a key buy zone is because he believes that a strong bullish rally to $12 is imminent. His chart shows an upward trend that has formed since 2014, with trend lines pointing to higher targets between $0.5 and $50 for Dogecoin.

Dogecoin
DOGE is trading at $0.11 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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See also  Analyst explains why recovery to $76,000 is not a good thing
Dogecoin Factor Important missing Peak Steps
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