Dogecoin (DOGE) price traded near $0.24 on Oct. 1, with the memecoin jumping an impressive 7.4% to reach a daily high near $0.247 as trading entered the new month. The gains helped restore DOGE price’s momentum.
Despite the uptrend, Dogecoin price failed to break above the $0.25 mark, suggesting a heavy bearish presence near the level. Meanwhile, DOGE fans pushed increasingly aggressive forecasts, with some setting exaggerated targets like $4. The posts highlighted speculative calls rather than measured outlooks. Additionally, Buenos Aires announced that residents could pay municipal taxes in Dogecoin, giving the memecoin fresh attention in mainstream discussions.
Analysts Double Down on Lofty Targets
The latest round of forecasts centered on $1 as the defining milestone for Dogecoin. Independent analyst Mags called the level “programmed,” stressing that the token’s long consolidation phases made the eventual move unavoidable.
The analyst’s chart stretched back across multiple cycles, framing the $1 breakout as the logical next stage in a repeating pattern of accumulation and release. By portraying the level as a certainty rather than speculation, Mags’ post captured the tone many bullish traders adopted.
X-based trader and market commentator, Shan Specter, built his case on a more incremental path. Specter highlighted a weekly retest of a breakout structure and identified $0.41 as the gatekeeper.
Specter argued that a rally through that zone could shift momentum and extend the run toward $1. Interestingly, Specter’s analysis leaned less on bold pronouncements and more on sequencing, but the implication was the same: Dogecoin needed a sharp move beyond its immediate ceilings to justify higher targets.
Meanwhile, Maximalist pressed the case further, sketching a clean curve that bent steeply toward $1. The analyst’s projection relied on visual repetition, comparing the memecoin’s present setup to previous explosive surges.
By emphasizing the similarity to earlier bull runs, he presented the milestone as a natural continuation of Dogecoin’s history. The chart’s simplicity carried weight, even as it skipped questions about volume or market depth.
Hopium Leads with Some Predictions Hitting $4 for DOGE
However, some traders were likely overdosing on hopium. For instance, analyst Cantonese Cat predicted a $4 price level for Dogecoin. Cat used Fibonacci extensions and Elliott Wave counts to build a roadmap that dwarfed the other calls.
The analyst’s chart suggested that Dogecoin’s structure allowed for a much larger rally than the market currently priced in. The projection required capital flows far beyond those visible, yet it resonated with traders looking for outsized upside.
From current levels near $0.24, even the most conservative targets implied a surge of more than fourfold. The higher estimates stretched the gap to sixteen times present prices, demanding liquidity that had not yet emerged. Still, Buenos Aires’ decision to permit tax payments in Dogecoin could help the DOGE USD pair overcome immediate resistance.
Buenos Aires Brings Dogecoin into Public Policy
Buenos Aires introduced BA Cripto, a program that allows residents to cover obligations such as ABL and Patentes through cryptocurrency transfers. Payments flowed through licensed providers, which converted Dogecoin and other assets into pesos before reaching government accounts. The change marked one of the rare instances of a major city incorporating a memecoin into official processes.
The policy gave Dogecoin recognition beyond retail speculation. Moreover, DOGE fans would likely use the news to claim the token’s mainstream adoption, regardless of whether the government itself held any crypto. For proponents, the program confirmed that Dogecoin’s visibility extended beyond online hype and into administrative structures.
Buenos Aires highlighted how digital assets could integrate with local governance by anchoring municipal collections to crypto rails—however, the practical reliance on third-party providers left open questions about adoption depth. Recognition from a global capital city gave Dogecoin a narrative boost, though integration into tax payments did not guarantee stronger liquidity or structural demand.