Analyst Eyes $1 Target After Dogecoin Rallies 47% From Key Support

Dogecoin rallied roughly 47% from an accumulation zone near $0.0375, prompting a crypto analyst to identify a possible path toward $1–$2 while flagging critical support at about $0.056 ^[1].

Other observers warn the recovery faces growing profit‑taking pressure; one report said a 50% rally is encountering increased sell pressure, and the meme‑coin sector has seen market‑cap declines as broader markets weakened ^[3][2].

Analysts remain divided on timing and sustainability: XForce stated Dogecoin can reach $1 but suggested it may not occur soon due to technical constraints, while other analysts have dismissed some 2027 rally claims and on‑chain data point to weakness across top memecoins; separate coverage also noted short‑term intraday losses in the single‑digit to double‑digit range ^[4][5][2][6].

The outlook is mixed: technical analysis highlights a clear support level and targets for significant upside, but market‑wide selling and on‑chain weakness mean any sustained move higher will likely depend on broader market stability ^[1][3][5].