Dogecoin (DOGE), the original meme coin that refuses to fade, is back in the spotlight after a strong 34% rally over the past week. Now, according to prominent crypto analyst Rekt Capital, DOGE could be on the verge of an even bigger breakout — but there’s a catch: it needs to hold above a crucial level on the weekly chart.
$0.22 — The Make-or-Break Level for DOGE?
In a recent post on X (formerly Twitter), Rekt Capital laid out a bullish scenario for Dogecoin, suggesting a climb toward $0.27 is within reach. However, this hinges on the meme coin maintaining weekly support around the $0.22 mark — a level that previously acted as resistance before the recent breakout.
Rekt Capital pointed out that DOGE is in the process of retesting this former resistance, which has now flipped into support. This sort of “resistance-turned-support” pattern is often seen as a healthy sign during bullish market phases — but only if the asset holds its ground.
If DOGE can maintain this structure, the path to $0.27 becomes technically viable. It also aligns with its recent weekly close above the pre-halving highs — another strong indicator that momentum may still be in Dogecoin’s corner.
A Market Correction Tests DOGE’s Strength
That said, Dogecoin’s current position isn’t without its risks. Like the rest of the crypto market, it hasn’t been immune to the recent pullback sparked by Bitcoin’s dip to around $100,800. As BTC lost ground, DOGE followed suit, falling from its intraday high of $0.25 to as low as $0.22 — right back to that critical support zone.
Adding to this pressure is an upcoming $100 million Dogecoin token unlock. These unlocks tend to inject short-term volatility into the market, often introducing significant selling pressure. While this doesn’t fundamentally change DOGE’s long-term outlook, it could cause turbulence in the days ahead.
Still, many investors see this as a shakeout rather than the end of the rally. If Dogecoin can weather this phase, the $0.27 mark could act as a stepping stone for a more aggressive move.
$1 Dogecoin? Some Analysts Say It’s Still on the Table
Beyond the near-term price action, some analysts have their eyes set much higher. Crypto influencer Crypto Kaleo hasn’t backed down from his long-standing prediction that DOGE could still revisit the psychological milestone of $1. In fact, Kaleo believes it might even surpass that and reach as high as $3 during this cycle — a move that would make headlines across both crypto and mainstream media.
In his recent commentary, Kaleo called on traders to “start paying attention again” to what he dubbed the “king of memes.” He believes Dogecoin still has a massive rally ahead, possibly unfolding in the second quarter of this year.
What to Watch Now
For now, all eyes are on the $0.22 level. Holding this zone will likely determine whether DOGE’s current surge has real legs — or if it was just another meme-driven pop. A recent Coingape technical analysis echoes this sentiment, noting that a short-term bearish pattern could drag DOGE to retest $0.22 before any sustained uptrend resumes.
In the ever-dramatic world of meme coins, Dogecoin remains the benchmark — and if it can hold the line here, we may be looking at the start of something much bigger.
