In stark contrast to the rest of the market, OG meme cryptocurrency Dogecoin (DOGE) has been on a downward path at the start of 2025. The price of the coin has continued to fall over the past week, despite occasional small rebounds. Despite this, the Dogecoin community remains eager for it to break the coveted $1 mark.
Currently, Dogecoin is still 194% away from this important milestone. Many investors can't help but wonder: In the next few months, can Dogecoin achieve a comeback and usher in a sharp rise? From a historical perspective, DOGE has repeatedly demonstrated strong rebound capabilities, which undoubtedly gives the community confidence.
Understanding Dogecoin’s Current Price Levels
Dogecoin is currently trading at $0.3398, down 1.14% in the past 24 hours. Despite recent volatility, the meme coin has performed amazingly well this year, with a 270% increase for the year!
Starting from last year’s lowest point of $0.07497, Dogecoin has been on a roll, climbing to as high as $0.4835, which really makes investors excited!
Amid this downtrend, a group of whales have been active in the market. Crypto researcher Ali Martinez said that whales are actively accumulating DOGE. The analyst said in an X post that whales bought a staggering 1.08 billion DOGE in a single day. Notably, the analyst has previously expressed optimism about Dogecoin, estimating that if it maintains its upward parallel channel pattern, the leading meme currency could rise another 6,770%.
Dogecoin is ready to rebound
Since the beginning of November, Dogecoin has shown strong bullish price action, defying market volatility and attracting investor attention. Despite the correction, DOGE price has managed to recover, indicating the potential for further growth in the future.
Will $1 soon become a reality?
According to CoinCodex, the OG meme cryptocurrency will indeed hit the $1 mark in 2025. The company revealed that Dogecoin will trade between $0.308355 and $0.1.109734, with an average annual price of $0.526542 in 2025. This could yield a potential ROI of 222.96% compared to the current exchange rate.
As shown in the chart above, the meme coin will reach this milestone in March. But Dogecoin’s price will go on to reach $1.10, marking the highest price level Dogecoin will reach in 2025.
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