Popular crypto analyst Ali Martinez has predicted a $1 Dogecoin price could become a reality in less than a month. Ali made this prediction known on social media platform X, calling on history as a guide. 

Doge is currently undergoing exceptional bullish price action and many analysts expect this to continue into the coming months. As a result, DOGE reached the $0.2 level for the first time since November 2021. This price increase has sparked renewed interest and speculation among investors about when the crypto might finally hit the much-coveted $1 mark. 

Dogecoin To Reach $1 This Cycle

Dogecoin has grown exponentially from its early days as a joke currency and the first meme coin in the crypto industry. At the time of writing, DOGE boasts a market cap of $25.28 billion and has always retained the crown of the largest meme cryptocurrency.

Despite its huge following and strong price growth over the years, DOGE has always eluded the $1 price level, although largely due to its huge circulating supply. However, some analysts have predicted this could change very soon and we could see DOGE registering a new all-time high very soon.

DOGE market cap currently at $24.9 billion. Chart: TradingView.com

According to a weekly DOGE price chart shared by Martinez, the crypto is currently undergoing a pattern that has historically led to price surges. To be precise, recent price action shows DOGE has broken out of a parallel channel that has lingered since 2022. Interestingly, the breakout from a price channel resembles that of previous breakouts in 2017 and 2021.

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