DOGE Price Prediction: Musk Launches New Market XHandles, Will Dogecoin Surge to $1?

Elon Musk's X platform announced a new marketplace called XHandles, allowing users to purchase special usernames. DOGE supporters are now anticipating similar integration as Telegram's adoption of TON, as DOGE has already been incorporated into almost all products Musk is involved with. DOGE price predictions indicate that, with the approval date of the DOGE ETF approaching, the target is $0.30 or even $1.

XHandles Market Announces High Demand for DOGE Integration

Elon Musk's X platform has just announced a new marketplace called XHandles. This is good news for those who enjoy collecting special usernames, as they can now officially purchase their favorite usernames. However, this is not an original idea from X; Telegram was the first to adopt TON as the official currency for buying and selling on its platform. This precedent provides important references for DOGE price predictions.

The integration of TON by Telegram serves as a case study demonstrating the feasibility of using cryptocurrency as a medium of exchange within the platform. Users can use TON to purchase special usernames, channel names, and even for tipping and payments. This integration not only creates practical use cases for TON but also provides continuous demand support for the token's price. When Telegram announced this integration, the price of TON saw a significant increase in the short term.

This is why DOGE supporters are now looking forward to similar integrations and understand Elon, which seems almost certain to happen, as DOGE has already been integrated into nearly all the products he is involved with. Looking back at Musk's connection with DOGE, since 2019 when he dubbed himself the “DOGE CEO,” DOGE has been closely tied to his personal brand. Tesla accepting DOGE for merchandise payments and SpaceX planning to use DOGE for lunar mission payments are precedents that demonstrate Musk's continued support for DOGE.

If XHandles integrates DOGE into the market, it will create a whole new use case for DOGE. The X platform has hundreds of millions of active users, and even if only a small portion of users engage in username trading, it will generate considerable trading volume. More importantly, this integration will transform DOGE from a purely speculative target into a payment tool with practical value, which is the foundation of the long-term value of cryptocurrency.

Precedents of integrating DOGE in products under Musk's umbrella:

Tesla Store: Accepts DOGE payments for branded merchandise, including clothing and accessories.

SpaceX DOGE-1 Mission: A lunar satellite mission planned to be fully funded by DOGE.

Twitter/X: Has hinted multiple times at possibly integrating DOGE as a tipping or payment tool.

The Boring Company: Once tested accepting DOGE for ride fares

From a timing perspective, the announcement of the XHandles market coincides with the revival of the crypto market. If Musk really announces the integration of DOGE, such news could trigger a stronger reaction than ever in the current market environment. The market has already recovered from the previous panic, and investors are looking for new catalysts, while any announcement from Musk related to DOGE has the potential to spark the enthusiasm of the market.

DOGE price rebounds to $0.20 showing strong support

(Source: Trading View)

In addition, DOGE has currently risen above 0.20 USD. The market has faced difficulties in recent weeks, and DOGE only dropped to 0.17 USD, which is noteworthy. In the context of the overall cryptocurrency market undergoing a deep adjustment, DOGE's relative resistance to decline shows the strength of its support level. 0.17 USD has become a key support level that has not been effectively broken after multiple tests, and this technical performance is significant in DOGE price predictions.

In our previous article, we pointed out that investors should pay attention to signs of DOGE breaking above 0.20. Currently, DOGE has risen above that level, but the breakout has not been fully confirmed yet. In technical analysis, a true breakout needs to satisfy three conditions: the price closes above the resistance level, the trading volume increases to confirm it, and it must be able to maintain for several days without being pulled back after the breakout. DOGE has currently met the first condition, but we still need to observe the subsequent trading volume and sustainability.

Nevertheless, as the momentum begins to shift, this trend appears to have a bright outlook. The rebound itself carries bullish signals, especially with the approval date for the DOGE ETF drawing near. This approval could be the key for DOGE to truly return to 0.30. Multiple asset management companies have already submitted DOGE ETF applications, and although the SEC's approval timeline is not yet clear, the market generally expects that after the successful launch of Bitcoin and Ethereum ETFs, the approval of other mainstream cryptocurrency ETFs is just a matter of time.

From a price structure perspective, $0.20 is the first significant resistance level for DOGE after rebounding from the low of $0.17. If it can effectively break through and stabilize at this level, the next target will be the range of $0.23-$0.25, which is the central position of the previous consolidation area. Further up, $0.30 will be a more important psychological level and technical resistance. A move from $0.20 to $0.30 represents a 50% increase, which is not uncommon in DOGE's historical performance.

Of course, all of this depends on the performance of the overall market and whether Trump will temporarily postpone imposing any new tariffs on China. The macroeconomic environment's impact on the crypto market cannot be ignored, especially given the current uncertainties facing the global economy. Changes in tariff policies may trigger risk aversion, thereby affecting the performance of risk assets. DOGE price predictions must take these external factors into account.

RSI 61 shows strong momentum with clear bullish signals on the technical side

Currently, the RSI is around 61, indicating strong bullish momentum. The Relative Strength Index (RSI) is a key indicator for measuring price momentum, with values ranging from 0 to 100. Generally, an RSI above 70 is considered overbought, below 30 is considered oversold, and 50 is the dividing line between bullish and bearish. The current reading of 61 shows that DOGE has clearly entered the bullish dominant area, but has not yet reached overbought levels, indicating that there is still room for upward movement.

From the change in the RSI position, when DOGE touched a low of 0.17 USD, the RSI fell to the 35-40 range, close to the oversold area. The subsequent rebound pushed the RSI up to 61, and this rapid recovery from the low usually indicates that the selling pressure has been fully released, and buying is starting to enter. More importantly, the RSI is currently within an upward channel, showing that momentum is continuously strengthening.

If DOGE can break through 0.20 and maintain above it, a clearer bullish pattern will be confirmed. The confirmation of the breakout requires observing several key indicators: first, the daily closing price needs to stay above $0.20 for 3-5 consecutive days; second, the trading volume needs to increase, indicating genuine buying demand; third, the RSI must remain above 50 to ensure that bullish momentum is not waning.

From the perspective of moving averages, DOGE is currently approaching the short-term moving average (such as the 20-day moving average). If it can break through this moving average, it will further strengthen the bullish pattern. The medium-term moving average (such as the 50-day moving average) may be located in the range of 0.23-0.25 USD, which will be the next important technical threshold. Only when the price stands above the 50-day moving average can the medium-term trend be confirmed to shift from a downward to an upward trend.

Key Technical Levels for DOGE Price Prediction:

Immediate Support: $0.19 (short-term pullback level), $0.17 (key low)

Immediate Resistance: $0.20 (Breakthrough Confirmation Level), $0.23 (Short-Term Target)

Mid-term target: $0.30 (psychological barrier), $0.35 (previous high resistance)

Long-term Vision: 1 dollar (community ultimate goal)

XHandles Integration and ETF Approval Dual Catalysts

The two most important catalysts for DOGE price prediction are the potential DOGE integration of XHandles and ETF approval. If these two events occur consecutively in the short term, they may create a resonance effect, driving the price of DOGE to break through its current consolidation range. The integration of XHandles will provide a utility narrative, while ETF approval will open the entry channel for institutional funds, and the combination of the two may replicate the scenario of the DOGE surge in 2021.

In the long term, for DOGE to truly return to the community target of 1 dollar, more fundamental support is needed. Musk's continued support, the expansion of practical application scenarios, and the activity of the community are all key factors. The greatest advantage of DOGE lies in its strong community foundation and brand recognition, which have unique value in the cryptocurrency market.

However, investors also need to remain cautious. The price of DOGE has historically been highly dependent on Musk's tweets and market sentiment, a characteristic that makes its volatility far greater than that of other mainstream cryptocurrencies. When making DOGE price predictions, it is essential to consider the risks brought about by this high volatility. Only when the technical indicators confirm a breakout, the trading volume continues to increase, and the macro environment turns favorable, can DOGE potentially initiate a new round of significant increases.