Dogecoin (DOGE), the world’s largest meme coin, has been facing some trouble over the past week. This is because the Dogecoin price dropped by more than 2.5%. After this latest weekly correction, the DOGE value today is $0.157. Though the numbers don’t look very promising now, a few of the recent analyses suggest that the Dogecoin price could go above $1 and even reach $2 sooner than expected.
While that happens going forward, it’s also important to take a closer look at Dogecoin’s current state to assess its short-term price targets. As the market condition somewhat stabilizes, DOGE might be preparing to hit a critical resistance in the coming days.
When will Dogecoin price hit $2?
Investors might have a happy ending of this year as the chances of Dogecoin price surging to 2 are high. This possibility was highlighted by a popular crypto analyst. Surf recently posted this analysis in which the Trend-Based Fib Time indicator was utilized. If history repeats itself and the Dogecoin price behaves as it did back in 2018, then investors might see DOGE reaching $2 this year.
Trend-Based Fib Time. $DOGE pic.twitter.com/0djWtD8EJo
— Surf (@_CryptoSurf) April 19, 2025
Meanwhile, Chris, yet another famous technical analyst, posted a tweet on X on the 17th of April, pointing out a key target that DOGE might reach soon. The analyst used the technical indicator Ichimoku Cloud to predict the Dogecoin price targets ahead. As per the analysis, DOGE is currently testing a trendline support, and if DOGE’s value bounces back and heads towards its upcoming resistance, then the possibilities of DOGE touching $1 by the end of summer 2025 are high.
$DOGE to $1 by the end of the summer 2025 anyone? pic.twitter.com/zxUTNA3epx
— Chris (@StonkChris) April 17, 2025
Assessing DOGE’s short-term move
Since the $2 target is to be achieved in the long term, we checked other datasets to find out what to expect in the short term. Notably, after a sharp decline, DOGE’s weighted sentiment started to move up. This indicates that investors are once again getting bullish on the meme coin and expect its price to rise soon.
The Dogecoin price chart pointed out that the DOGE’s value has been moving inside a parallel channel since the 9th of March 2025. The good part is that DOGE’s Chaikin Money Flow (CMF) indicator is moving northwards and, at press time, is sitting at 0.08. Typically, a rise in the indicator means that buying pressure is increasing, which often results in price hikes. If that happens, DOGE will first touch $0.16 before it moves towards the $0.2 resistance in the near term.
Final words
In conclusion, while short-term movements suggest cautious optimism, analysts believe the Dogecoin price could reach $2 by year-end if bullish trends continue—making 2025 a potentially game-changing year for DOGE holders.
The post Analyst Provides Timeline For When Dogecoin Price May Hit $2 appeared first on CoinGape.
