To analyze how $DOGE could reach $1, I will detail some important observations based on the chart and factors that could influence its price:

First of all let's look at this graph:

Chart Trend

Current Trend: The chart shows that DOGE has had a recent rally, moving from lows near $0.08 to levels around $0.14. This suggests that there is bullish momentum in the short term, which is positive.

Moving Averages: The short-term moving averages (7 and 25) are above the 99-day moving average, indicating a possible emerging bullish trend. The bullish crossover of these averages is a signal that the price could continue to rise.

Volume

Increased Volume: A noticeable increase in volume can be seen during the recent rally. Increasing volume on a rally suggests that there is interest and support from buyers, which is necessary to sustain and continue the upward movement.

Sustainability: It is important that this volume is maintained to ensure that the momentum is not just a temporary movement, but a continuing trend.

Key Support and Resistance Levels

Current Resistance: Around $0.16 to $0.18, where there was earlier rejection. If DOGE manages to break this level, it could accelerate towards higher areas.

Major Resistance: Between $0.20 and $0.25, which would be the next strong test for buyers.

Key Support: Support levels are seen at $0.08 and $0.10. If DOGE falls below these levels, it would indicate weakness and a possible retracement.

External Factors to Reach 1 Dollar

For DOGE to reach $1, major catalysts are needed. Here are some things to consider:

Adoption and Real-World Usage: Increased use of DOGE in transactions, by businesses or projects, would boost its value.

Technological Development and Updates: Improvements to the Dogecoin blockchain that make it more efficient and scalable.

Personalities Influence: The influence of well-known figures (such as Elon Musk) has had a significant impact on the price in the past. Any positive comments or announcements could trigger a rally.

Market Sentiment: If the overall crypto market enters a bull market, this will benefit DOGE along with other digital assets. Positive sentiment and speculation can also push the price to new highs.

Strategy to Reach 1 Dollar

For DOGE to reach $1, a substantial increase would be needed: approximately 7x growth from current levels. To achieve this:

Resistance Breakout: Buyers must overcome multiple resistance levels with enough volume to avoid strong pullbacks. This means that DOGE must break $0.25, $0.50, and $0.75 before attempting to reach $1.

Consolidation at Key Levels: It is important that the price not only rises explosively, but also stabilizes at higher levels, forming solid bases.

Support from Big Buyers (Whales): Significant investments by entities or individuals with a lot of capital could provide the necessary impetus for the price to rise sustainably.

In short, reaching $1 will not be easy, but it is not impossible if sustained bullish momentum, strong volume, clear resistance breaks, and external factors that favor DOGE are combined. The key will be to closely monitor these aspects and look for signs of strength in volume and the overall trend.