Could Dogecoin (DOGE) Aim for $1 by 2026?
Dogecoin experiences a 16% rise in value over the week, signaling a potential recovery phase aimed at reaching $1 by 2026.
Dogecoin (DOGE) is currently priced at $0.147, reflecting a 16% increase over the last week. Despite a slight 3% drop in the past 24 hours, the price is still higher than last week’s low of $0.117. The daily trading volume stands at $1.83 billion, indicating continued interest in this meme coin, which has positively influenced other assets like SHIB and PEPE.
A Recovery Phase Begins
A chart by Trader Tardigrade reveals a repeating cycle in Dogecoin’s price movement, indicating a potential recovery pattern following a long decline. Tardigrade has noted this cycle has repeated since 2021, consisting of five quarters of decline followed by five quarters of recovery, culminating in a four-quarter rally. Currently, it appears this downtrend ended in late 2025.
“$DOGE might be entering a recovery phase and gearing up for an uptrend.”
Market Indicators Signal Cautious Optimism
Currently, Dogecoin’s RSI stands around 42, slightly up from previous lows but still below the neutral threshold of 50. This gradual increase might indicate diminishing selling pressure, though further confirmation is needed for a trend reversal.
Dogecoin price chart
Figure: Dogecoin (DOGE) price chart. Source: Coinalyze
The trading volume shows 1.83 billion in buy volume versus 2.01 billion in sell volume, implying that sellers are still prevalent despite ongoing interest. The open interest stands at 2.27 billion, suggesting increased market participation in anticipation of price movements.
Long-Term Perspectives
Crypto Analyst Javon Marks underscores potential larger price movements, referencing historical Dogecoin gains of 9,000% and 28,000% from past rallies. He remarks:
“We see another 9,000% increase and we’re looking at a near $10 Dogecoin.”
His analysis sets short-term targets at $0.65 and $1.25, depending on market conditions. Noteworthy predictions suggest Dogecoin could hit $1 by the end of 2026, guided by recent ETF-related developments and increasing adoption.
In summary, while Dogecoin remains actively traded with both short-term fluctuations and longer-term anticipations attracting attention, its future largely hinges on market momentum.
