Dogecoin (DOGE) may go through a long and difficult phase before experiencing an explosive rebound starting in April 2025.
Looking at Dogecoin's price fluctuations in 2024, it peaked at $0.23, then stagnated for several months, only breaking above $0.40 at the end of 2025 to create a new yearly high.
If this price trend reoccurs, it may signal that Dogecoin will be stuck in a stagnation range until mid-April, and then break through again around mid-next year.
Will the rise of Dogecoin come even faster?
This theory is quite interesting. Dogecoin bulls are likely to be delighted to hear that risks are more inclined towards a rebound in Dogecoin's price before April next year.
Why is that?
The ironically named Department of Government Efficiency (DOGE), led by Elon Musk, a long-time supporter of Dogecoin, will officially settle in Washington next January.
The new president of the United States, Donald Trump, has led the most crypto-friendly government in history; he has directed DOGE to cut fraud and waste in government spending.
Musk has shown his power in Washington — he has openly criticized the recent congressional spending bill on the X platform, reducing the bill from over 1500 pages to just over 100 pages.
It is expected that DOGE will frequently make headlines in 2025, essentially ensuring Dogecoin's dominance in the meme coin market.
This means that as the 'Trump trade' boosts cryptocurrency prices again (likely to happen in the coming weeks), DOGE will be the standout choice.
However, current chart analysis still shows a risk of downward movement for Dogecoin's price.
The latest price of Dogecoin is about $0.31, after crashing last week, it has fallen below the 21 and 50 DMA.
In addition, Dogecoin has not yet tested its early 2024 high of around $0.23 again, and this price point will be the core target for the bears.
Chart analysis indicates that Dogecoin may head downward in the short term. However, if its price really drops to the low of $0.20, it might be a good buying opportunity.
Given that Dogecoin is very likely to break through $1.0 and achieve a 5-fold increase in this bull market, it is a strong contender for the most valuable cryptocurrency to buy right now.
