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Dogecoin enthusiasts have long dreamed of the day when their beloved meme coin hits the magical $1 mark. While excitement bubbles beneath the surface, one respected crypto analyst is urging caution and offering a clear path forward.
In his latest video update, popular YouTube chartist VisionPulsed shares that Dogecoin’s road to $1 is closer than ever but still demands one critical move. His insights are not just hopeful; they provide a realistic and encouraging strategy for what’s ahead.
The Downtrend Is Over But the Test Isn’t Finished
VisionPulsed confidently declares that Dogecoin’s multi-month downtrend is officially broken. No matter how you draw the chart lines, he says, the downward pressure that started in early 2024 has been defeated. This is a major win for DOGE holders!
However, before Dogecoin can soar toward $1, there's still a crucial technical level to conquer. VisionPulsed describes the market as having passed through three of five major "layers of hell" a colorful way of referencing stacked Fibonacci retracement levels and moving average resistance points that have historically crushed rallies.
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The fourth layer, tied to the important 0.618 Fibonacci retracement level, is where Dogecoin’s price is currently hesitating. In previous cycles, cryptocurrencies like Bitcoin have needed a successful retest of broken resistance as support before launching into true bull runs. VisionPulsed predicts a similar "back-test" for Dogecoin, likely unfolding around May.
"It doesn’t have to happen," he says, "but ignoring the rhythm of the market would be a mistake."
Bitcoin’s Role: Breaking $94,000 Is the Key
Bitcoin’s behavior remains the biggest clue to Dogecoin’s destiny. VisionPulsed points to $94,000 as Bitcoin’s final major resistance before a potential explosion toward $100,000 and beyond. If Bitcoin can clear this vital hurdle, the entire crypto market including Dogecoin could experience a significant uplift.
Conversely, if Bitcoin gets rejected at $94,000, we may see Dogecoin continue to move sideways, delaying the dream of $1 a little longer. But even sideways action is far better than a crash — a healthy consolidation often sets the stage for the next big move.
The Silent Bullish Signals Are Building
While some might expect a dramatic surge, VisionPulsed suggests the smart money is watching quiet indicators like the stochastic RSI. For Dogecoin, this technical indicator is starting to curl upward without entering the danger zone of being overbought a classic early signal of growing bullish strength.
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Moreover, macro signals like the performance of the euro-dollar pair are also on VisionPulsed’s radar. Historically, shifts in this pair have foreshadowed important crypto market tops and transitions. For now, no major red flags have appeared, leaving room for optimism.
The Timeline: What’s Next for Dogecoin?
Putting all the pieces together, VisionPulsed paints a picture of quiet consolidation through late April into May. The market is setting the stage for a final decision moment when Bitcoin approaches $94,000. If Bitcoin flips that resistance into new support, Dogecoin could finally be free to aim for $1.
Until then, patience remains the best strategy. VisionPulsed reminds his audience that while fireworks aren't imminent, the technical setup is slowly and steadily turning more favorable.
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At the time of writing, Dogecoin is trading at $0.181 a far cry from $1, but far stronger than many would have predicted just months ago. As long as the market respects the technical roadmap, the meme coin’s long-awaited journey to $1 might just be getting started.
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