Dogecoin Price Prediction: Can Trump and Musk Drive DOGE Price to $1?

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Cryptoticker2025/03/04 09:55

By:Cryptoticker

Trump’s Crypto Reserve Announcement and Its Impact on DOGE

President Donald Trump recently announced the establishment of a U.S. strategic crypto reserve , including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). However, Dogecoin was notably absent from this initial list.

Despite this, the announcement caused a $300 billion surge in the overall crypto market, with many speculating whether DOGE could be added in the future. Reports indicate that Trump’s stance on crypto adoption is fueling optimism across the market.

Rumors of a DOGE potential inclusion in Trump’s crypto reserve have sparked a fresh wave of speculation, leading to bullish sentiment among investors.

Dogecoin Price Prediction: Can Trump and Musk Drive DOGE Price to $1? image 0

Elon Musk Reacts: Will He Push DOGE Higher?

Elon Musk, a long-time Dogecoin supporter, reacted to discussions surrounding DOGE’s absence from Trump’s crypto list. While his reaction was lighthearted, his continued association with Dogecoin and cryptocurrency remains a major price driver.

Musk’s company Tesla still holds Bitcoin on its balance sheet, and the billionaire has previously integrated DOGE payments into businesses like Tesla and X (formerly Twitter). Any further endorsements or integrations could propel DOGE’s price upwards .

Dogecoin Price Prediction: Can Trump and Musk Drive DOGE Price to $1? image 1

By TradingView - DOGEUSD_2025-03-03 (5D)

Dogecoin Price Prediction: Can Doge Price Reach $1?

Dogecoin Price and Market Performance

As of March 3, 2025, Dogecoin (DOGE) is trading at $0.208 , reflecting a 0.08% decrease from the previous close. The meme coin has seen a daily high of $0.241 and a low of $0.208, indicating volatility despite growing market attention.

DOGE Technical Analysis

A recent technical breakout has analysts setting an ambitious $0.43 price target for Dogecoin. If Dogecoin price reached its target, can DOGE price reach $1 next?

DOGE has broken above a long-term falling wedge pattern, a bullish indicator. If the breakout holds, analysts predict DOGE could rally towards the $0.43 level in the coming weeks.

Key resistance levels to watch:

$0.22: Immediate resistance
$0.30: Psychological barrier
$0.43: Bullish price target

Dogecoin Price Prediction: Can Trump and Musk Drive DOGE Price to $1? image 2

By TradingView - DOGEUSD_2025-03-03 (YTD)

If DOGE fails to hold above the $0.20 support level, downside risk could push it back to $0.18 or lower. Making the DOGE $1 ATH price harder to achieve in coming weeks.

Can Dogecoin Rally in 2025?

While Trump’s crypto policies and Elon Musk’s influence remain uncertain factors, technical analysis suggests a bullish setup for Dogecoin. If market momentum continues and speculation about DOGE’s inclusion in Trump’s crypto reserve grows, the meme coin could see significant price appreciation.

Investors should keep an eye on upcoming announcements, especially if Musk or Trump directly reference Dogecoin in the coming weeks.

Dogecoin Price Prediction: Can Trump and Musk Drive DOGE Price to $1? image 3

By TradingView - DOGEUSD_2025-03-03 (1M)

Additionally, the latest update and the increased interest in Dogecoin have been demonstrated by the ETF filing news. With the current optimism that took over the market earlier this month, could the Bitwise filing for a DOGE ETF push the Dogecoin price to a new high and, potentially, the $1 mark?

So, Trump cypto reserve and mystery post, Musk comment and Bitwise DOGE ETF, what more to expect for DOGE price?

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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