Dogecoin Price Analysis: Through 2025
For 2025, DogeCoin is expected to achieve an average price of $0.3783, with a forecasted high of $0.5107 and a potential low of $0.348. Buying DogeCoin at the current price of $0.325 is likely to yield +16.00% in 2025.
According to Cointelegraph, Dogecoin (DOGE) price action has slowed down over the past month after breaching a multi-month resistance level of $0.35 in early November. Despite maintaining a bullish daily chart, the cryptocurrency dropped below the 50-day EMA on December 19 and has yet to regain its position above this indicator. In the long term, one analyst remains bullish on Dogecoin’s potential, predicting a significant price increase by 2025 if the asset’s performance during the previous rally is considered. An anonymous crypto investor, known as CEO, shared with his 536,000 followers on X that Dogecoin is poised for a significant rally in 2025. Using a weekly chart, the investor showed a pattern of high and low range sweeping past weekly resistance and support, similar to that observed during previous rallies. This pattern has been repeating throughout 2024, suggesting that Dogecoin is on the verge of a major bull run. Technical analyst Chandler Peng echoed this sentiment, predicting a long-term price range for Dogecoin between $2.35 and $2.60, a potential gain of 683% from its current price. While this target may seem ambitious, Peng described it as a “conservative target,” based on Dogecoin’s historical performance compared to Bitcoin and Ethereum during previous bull runs.Similarly, crypto trader Javon Marks has a price target around $2.30, drawing from Fibonacci extension levels, indicating a potential 570% upside from current levels. On December 20, Dogecoin saw a brief dip to $0.262 but quickly recovered above $0.30 on the same day. Since then, it has consistently closed above $0.30 on a daily basis, although it remains below the 50-day EMA. Historically, Dogecoin may have bottomed out, having already executed a liquidity sweep to key levels at $0.32 and $0.34. Previous reports from Cointelegraph have pointed to a fractal formation from January 2024, where a bearish engulfing pattern led to a 25-30% price drop. A similar scenario occurred in December 2024, when Dogecoin established a bottom after a recent 25% decline. With the Relative Strength Index (RSI) bottoming out below 30, selling pressure appears to be nearing exhaustion. A recovery above $0.35 could lead to higher Dogecoin gains in 2025. This article is for general informational purposes and should not be considered legal or investment advice. The views expressed are those of the authors and do not necessarily reflect the views of Cointelegraph.
