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Will Dogecoin Fly to the Moon? With the strong rise of the cryptocurrency market, this question has once again become a hot topic. As Ethereum's gains surpass Bitcoin's, many analysts believe the golden age of Altcoins may be imminent—with Dogecoin once again becoming the focus of attention. This popular meme coin recently broke through the $0.20 mark, sparking concerns about whether it can return to its 2021 peak. Its market value has now exceeded $29 billion, and as market optimism warms up, traders are closely watching its subsequent trend.

Analysts Predict Breaking $1

Analyst Maelius Crypto shared a chart, calling Dogecoin "incredible" despite its larger-than-expected decline. The analyst believes Dogecoin has rebounded from key support levels (such as the 200-week moving average and the demand zone between $0.11 and $0.20), showing strong breakthrough signs.

Recent price movements align with the Elliott Wave pattern, and he expects the next major Dogecoin fluctuation could push it up to $1. After a period of correction, he believes Dogecoin might ultimately reach $1.30-$1.70.

Analyst Ali Martinez explained that Dogecoin has been supported by a trend line since October 2024. If the price falls to $0.14, this could be a buying opportunity, potentially rebounding to $0.30. Analyst Javon Marks also predicts that Dogecoin might see a significant rebound, then move towards the $0.65 target.

Dogecoin's recent rise has sparked expectations of its market value potentially reaching $500 billion, $1 trillion, or even $2 trillion. If realized, each Dogecoin could be worth as much as $13.4. Analysts predict this target might be achieved between 2033 and 2040.