Dogecoin Hits ‘Rock Solid’ Support—$1 Surge?

Dogecoin (DOGE) price is beginning the year strong after breaking a short-term symmetrical triangle pattern to the north.


Last barely over $0.33, Dogecoin is facing resistance from its 21DMA at $0.34.

Mid-December lows and the 50DMA provide stronger short-term resistance between $0.34 and $0.38.

Dogecoin may have broken out of a short-term slump, increasing upside price risks.


BALO believes that “rock solid” support around $0.26 was the local Dogecoin price low and that things are “up only” above $0.34.

Calling for “up only” over $0.34 may be premature, as the $0.34-38 resistance levels must also be broken.

US President Trump's January 20 inauguration increases the potential of spectacular price upside.

Dogecoin enters a new age on January 20th with Trump. Not so much owing to the US's anticipated 180-degree turn toward pro-crypto regulation.

That's positive for Dogecoin since it boosts Bitcoin and altcoin prices and increases the chance of a new meme coin season.

The Department of Government Efficiency, a new government institution, will be more important to Dogecoin investors.


The Elon Musk-led agency will likely dominate Capitol Hill and the news in 2025.

That almost insures that Dogecoin, the agency's mascot, would dominate meme currency market "mind share".

With Bitcoin and alt markets expected to soar aggressively in 2025, Dogecoin will likely do well too.

With a fresh alt/meme season, Dogecoin may revisit its 2021 record highs in the $0.70s.

A $1 rise is also probable. Consider that Dogecoin's market valuation would be $144 billion at $1.

That is possible provided that the meme coin market value reached $120 billion in late 2024 and that Bitcoin might reach $3 trillion or more in 2025.

Dogecoin investors must think large. Instead of 3x gains from present levels, 10x gains to over $3 are possible.

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