According to recent analysis, Dogecoin could reach the highly anticipated $1 milestone, but only under specific conditions. A recent report mapped out various scenarios based on Bitcoin reaching $250K, $500K, $750K, and $1M. If Bitcoin were to hit $500K, Dogecoin could reasonably trade between $0.86 and $1.08, assuming it maintains historical correlation with BTC.
DOGE is currently trading near the $0.17 mark and has struggled to break the $0.21 resistance level. Analysts from CCN highlight that this area has become a psychological ceiling for bulls, despite recent momentum triggered by Doge Day celebrations.
