‘Trust the Cycle’ – Pro Says Dogecoin Price Could Suddenly Hit $1

Monicah W

Dogecoin price has tanked this year, coinciding with the recent crypto sell-off. This crash has erased billions of dollars in value. Still, one crypto analyst believes that it is just a matter of time until the DOGE price recovers, and potentially hits the psychological point at $1.

Crypto Pro Predicts Dogecoin Price Will Hit $1 

A popular crypto expert has come out with a bullish DOGE price prediction even as it deviates further from its 2024 highs. The analyst used a weekly chart to identify chart patterns he believes will drive the upcoming bull run.

As shown below, he noted that the Dogecoin price has been forming a falling wedge pattern on the weekly chart. The upper side of this wedge links the highest swings since December, while its lower side connects the lower lows since Dec. 19. This pattern often leads to a strong bullish breakout when the two lines are nearing their confluence level. 

The analyst also pointed out that DOGE formed a similar pattern between March and November last year, culminating in a strong bull run to a high of $0.45.

Dogecoin Price Forecast
Dogecoin Price Forecast

In this case, Dogecoin has formed a falling wedge and retested the important support at $0.2280, the highest swing in March last year. A break and retest pattern signals a potential continuation. 

The pro now expects that the coin will initially jump to $0.50. After that, he expects it to surge to $1. Such a move would be a 400% surge from the current level. It would also push its market cap to $140 billion. 

A 400% surge is possible in the crypto market. For example, Dogecoin jumped by 720% from its 2023 lows to the highest swing in 2024. It can also jump by 285% to get to its all-time high of $0.7370. After that, it will need to soar by just 0.35% to hit $1.

The bullish DOGE outlook will be canceled if the coin crashes below the ascending trendline that links the lowest levels since June 2023.

Dogecoin Price Weekly Chart
Dogecoin Price Weekly Chart

Potential Catalysts to Push DOGE Price to $1

Dogecoin price has numerous catalysts that may push it to $1. First, the upcoming reciprocal tariffs may sink the US into a recession, leading to Fed interventions like rate cuts and quantitative easing. These actions may lead to a new crypto bull run.

Second, Polymarket users believe that the SEC will approve a DOGE ETF. That’s because Dogecoin is similar to Bitcoin in that it is a proof-of-work coin that the SEC does not consider a security. Such an ETF will lead to more demand from Wall Street investors. 

Further, Dogecoin may benefit from the creation of crypto reserves since it is a candidate for inclusion. Finally, DOGE is one of the top blue-chip meme coins, meaning that it may see traction as investors rotate from risky Solana meme coins.

The post ‘Trust the Cycle’ – Pro Says Dogecoin Price Could Suddenly Hit $1 appeared first on CoinGape.

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Coinbase, the largest US-based exchange, is taking steps to rebuild user trust amid one of the platform’s most contentious issues, account freezing.

Users decry unnecessary account freezing and unsuccessful recovery efforts despite submitting all required KYC (Know Your Customer) documentation.

Did Coinbase Finally Fix Its Account Freezing Issue?

Coinbase CEO Brian Armstrong announced a significant breakthrough in one of the platform’s most contentious issues: unnecessary account freezes.

According to Armstrong, the company has reduced account restrictions by 82%. This move could reshape how both retail users and businesses perceive the exchange.

The Coinbase exchange executive credited the achievement to Dor Levi, the platform’s new hire tasked with overhauling the restrictions system.

Based on comments on X (Twitter), account freezes have long been a pain point among Coinbase users. Some cite the need for lengthy and opaque verification processes.

Complaints have ranged from weeks-long lockouts to repeated KYC requests, even after prior submissions.

“My account has been frozen for weeks despite submitting all required KYC documentation… This is causing real financial harm for many once loyal users,” wrote Hunter, senior ecosystem development/investment lead at Tron.

Dor Levi, who joined Coinbase nine weeks ago, outlined his team’s reforms in detail. He explained that improvements in machine learning (ML) models, enhanced infrastructure, and the addition of in-app self-service tools have allowed Coinbase to slash the frequency of freezes without compromising compliance.

“Account freezes should be rare, limited to situations that warrant them, primarily when we’re legally obligated… or protecting users…We’ve made significant investments in our ML models, infrastructure, and teams…Most restriction types will soon be resolved via self-service flows—much more efficient than before,” Levi emphasized.

New Leadership and ML Tools Drive Progress, But Legacy Issues Linger

Notwithstanding, despite viewing the progress as potentially transformative, industry insiders met the update with cautious optimism.

“Love it Brian. This has been a huge issue in the perception of Coinbase. I personally stopped using Coinbase because of the hoops needed to unlock my account,” said Mondoggg, cofounder of Resonance Lab.

Influencer Alex Becker agrees, alluding that the feature could draw users to Coinbase, potentially positioning it as a “business bank account.”

Still, the damage to Coinbase’s reputation among retail investors remains significant, indicating that Coinbase still has a long way to go before rebuilding credibility for this sector of clients.

With the 82% reduction now achieved and more updates promised, the question becomes whether Coinbase can fully reclaim its reputation beyond just being a crypto exchange, but potentially as a functional, secure platform for businesses to store and move capital with confidence.

“Damage is kinda done with retail,” crypto YouTuber Wendy O commented.  

Wendy also noted that her broad social audience across platforms has sour sentiment about the platform. Additional comments also indicate pending or unresolved cases.

“My account is restricted because I can’t produce an ownership statement of my MetaMask wallet that I use to deposit stablecoins into Coinbase,” BitPay co-founder Tony Gallippi wrote.

While Coinbase appears to be taking aggressive steps toward resolving its long-standing restriction problem, the road to restoring user trust is far from over.

The post Coinbase Slashes Account Freezing by 82%, But User Trust Remains Fragile appeared first on BeInCrypto.

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The post Michael Saylor Says Proof Of Reserves Is A Bad Idea, Community Calls It A Red Flag appeared first on CoinGape.