Dogecoin Is Coiling For A 500% Move—Analyst Sees $1 Target

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst VisionPulsed believes Dogecoin’s months-long torpor is disguising the build-up to what could be the memecoin’s final and most dramatic surge of the cycle. In a livestream dated 9 June, the analyst argued that a constellation of macro and on-chain signals is converging on an upside resolution that could propel DOGE “around 90 cents to a dollar,” a move of roughly 500 percent from its current corridor near 17–20 cents.

Dogecoin Blow-Off Top By November?

“This will be the largest move, probably 500 to 600 percent, which would put Doge around 90 cents to a dollar,” VisionPulsed told viewers after noting that each bull-market thrust since 2020 has exceeded the magnitude of the one before it.

Dogecoin price prediction | Source: VisionPulsedThe analyst anchored his conviction in the hash ribbons indicator, an algorithm that compares short- and long-term mining hash rates to identify miner capitulation and subsequent recoveries. Historically, a hash-ribbons buy signal in Bitcoin has coincided with broad-based market advances. This cycle, however, the first buy signal was followed by fresh weakness, a deviation VisionPulsed called “the first time I think it actually got hash ribbons buy signal and it didn’t go up.”

Related Reading: Dogecoin’s Upside Case Builds As Double Key Chart Patterns EmergeWhile that atypical response sowed doubt about the indicator’s efficacy, the channel now shows a second capitulation phase that is poised to print another buy trigger. VisionPulsed framed the repetition as cumulatively bullish: if the next signal fires, the market will have absorbed two waves of miner stress without surrendering its broader up-trend foundations.

Beyond on-chain data, the analyst spotlighted a quartet of macro factors—euro-dollar dynamics, global M2 money supply growth, the distance from Bitcoin’s April halving, and record S&P 500 closes—as forces that “say we should go higher on a macro scale.” Each element, he suggested, keeps liquidity conditions and risk appetite broadly constructive even as individual coins mark time.

Related Reading: Machine Learning Algorithm Predicts Dogecoin Price To Jump Double-Digits To $0.2Yet Dogecoin’s five-day stochastic RSI remains mired in oversold territory. VisionPulsed thinks that paradoxically strengthens, rather than weakens, the case for an explosive move once momentum finally reverses: “It’s very difficult, or almost impossible, for Dogecoin to explode higher” while the oscillator is pinned low, but “when this does finally curl around, you’re probably going to see a larger move to the upside.”

Dogecoin Stoch RSI | Source: VisionPulsedFor now, Dogecoin has drifted sideways for roughly three months, a pattern the analyst deems “extremely bullish” precisely because it is so uneventful. “If you bought in March, it’s the same price as it was now,” he said, describing the 17–20 cent channel as a pressure cooker. The longer the market remains range-bound, the sharper the eventual breakout is likely to be, he contended, pointing out past instances where identical flat periods preceded 30 percent relief rallies—even if those bursts failed to satisfy long-term holders.

Plotting the projected trajectory on his chart, VisionPulsed’s template would deliver the upside resolution sometime between October and December—a window that coincides with the historical peak of Bitcoin’s four-year cycle. “Historically November, December, October has been the top … so that would indicate that if we do get one final move, it will probably be the final move,” he observed.

At press time, DOGE traded at $0.18.

Dogecoin eyes the trend channel top, 1-day chart | Source: DOGEUSDT on TradingView.comFeatured image created with DALL.E, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.