After such a strong rally in recent weeks since Donald Trump’s election victory in early November, some are concerned that a deeper correction could be on the cards in the near term.

The $0.33-$35 level has been a key level for Dogecoin all the way through mid-2021. If this level falls, Dogecoin’s price is at risk of a sharp decline towards its early 2024 highs in the $0.23 region.

While Dogecoin investors may need to brace themselves for a short-term market dip, there are still plenty of reasons to be optimistic about the cryptocurrency’s prospects for 2025.

Here’s why.

Dogecoin Bullish Price Predictions 2025 – When Will Dogecoin Hit $1?

There are two major factors playing in Dogecoin’s favor.

First, the arrival of the Trump administration and the new US Congress is expected to usher in a new golden age for the US crypto industry.

As the premier meme coin, Dogecoin is in a prime position to benefit.

Second, Dogecoin is closely associated with the new Trump administration, with Elon Musk’s new Department of Government Efficiency (D.O.G.E.) named after it.