DOGE price prediction: Technical structure shows strong bullish momentum, analysts say a breakthrough of 1 USD for DOGE is inevitable.

The price of DOGE has come under analysis by analysts again, with many believing that in the current environment, a parabolic rise in the price of DOGE to 1 dollar is not only possible but inevitable.

Today (23rd) in the Asian early session, DOGE is currently priced at 0.2674 USD, with a daily decline of 1.98%.

Technical structure shows strong bullish momentum

Analyst trader Tardigrade shared an eye-catching daily price chart, where DOGE formed a clear parabolic pattern—this is a classic signal that a strong upward trend is strengthening. The consecutive candlesticks form an upward curve, reflecting the continuous increase in buying pressure.

According to this curve, DOGE may advance towards the short-term target areas of $0.52 and $0.68, and then test the important psychological barrier of $1. These levels also acted as support/resistance during previous bull market cycles, which enhances the credibility of bullish expectations.

(Source: Trading View)

Ichimoku Kinko Hyo confirms trend breakout

Another analysis using the Ichimoku Kinko Hyo pattern shows that DOGE has broken through the long-term resistance level around 0.22 USD. The two main indicators, the conversion line and the baseline, have shown a positive cross, reinforcing the mid-term bullish outlook.

Additionally, DOGE has formed a flag pattern just above the original resistance zone—this is usually a signal of trend continuation. The next target level is around $0.58, which coincides with historical resistance, situated between the current price range and historical highs.

(Source: Trading View)

On-chain data shows that the key resistance level is at 0.36 USD

According to analyst Ali Martinez's analysis based on Glassnode data, the price range of $0.36 is the next important resistance level, with the number of DOGE held in this range exceeding 5.2 billion. However, URPD data shows that the actual trading volume from the current price range to $0.36 is very low, indicating that DOGE can reach this range without significant sell pressure.

If DOGE breaks through 0.36 USD, then the prospect of rebounding to 0.52 USD, 0.68 USD, and ultimately reaching 1 USD will be clearer than ever. Technical factors and on-chain data are merging, laying a solid foundation for a new bull market cycle for DOGE.