Dogecoin has indeed experienced a significant correction recently, falling nearly 40% in the past week, with the price as low as $0.26. This kind of volatility is not uncommon in the cryptocurrency market, especially for meme coins like Dogecoin, which often experience wild price swings. Based on historical patterns, Dogecoin typically rebounds significantly after experiencing significant corrections. At present, Dogecoin is fluctuating between 0.3-0.32 US dollars. Can the former king of MEME fail to get up? Will we still see $1 Dogecoin in 25 years?
From the technical trend, DOGE daily cycle turns from long to short, and the overall trend is weak. It is currently adjusting sideways at a high level. The hourly moving average is sticking together and fluctuating sideways in the range of 0.3-0.35, waiting for the direction of the market. However, the technical support line means that in the long run, the price has the potential to rise again. If the market breaks through 0.35 and stands above 0.35 again, the market may usher in the second stage of the upward trend.
As the king of MEME, the current pullback of Dogecoin has not stopped investors from being optimistic about the New Year. With Trump returning to the throne in January, the crypto market is expected to see a strong rebound. After all, the surge in the cryptocurrency bull market was during Trump's campaign, and he kept shouting out his recognition and support for the crypto market. If Bitcoin can be made into a strategic material plan for the United States, and other countries follow suit, the crypto market will return to a hot state.
There is also the super promoter behind Dogecoin, Elon Musk. The recent pullback of Dogecoin is also closely related to Musk's deep involvement in the military investigation. I think that after Trump officially takes office, Musk will resolve his crisis. This is also the beginning of the recovery of Dogecoin. Musk not only has a pivotal position in the field of cryptocurrency, but he is also providing support behind the "Dogecoin Committee" of the incoming President Trump. Musk's support will be a strong driving force for the future rise of Dogecoin. Even though Dogecoin has risen by more than 250% this year, 2025 may usher in a more glorious moment.
Of course, Dogecoin has a strong market popularity, with a nice and easy-to-remember name, a cheap price, and large volatility, and is deeply loved by crypto investors. Many new investors who have just entered the circle are most concerned about how to trade Dogecoin and the appropriate buying point for Dogecoin. Although this wave has also trapped many people, it still cannot affect everyone's love for Dogecoin. The high market attention directly affects the trading volume and liquidity of Dogecoin. Under these backgrounds, I believe that the future of Dogecoin is still bright!
Cryptocurrency prediction platform CoinCodex predicts that Dogecoin will reach its annual high as early as March, with the price expected to be close to $1.1, a 245% increase from the current price. Cryptocurrency trader Javon Marks holds a similar view, predicting that if the rally continues next year, Dogecoin may rise to $3 or more, setting a new record high.
According to my analysis and suggestions, there are many investors holding Dogecoin at present. According to the current situation, Dogecoin will not enter the second stage of rise until mid-to-late January. If it maintains its upward trend and is supported by news, it is expected to return to the previous high of $0.48, and then reach the historical high of around $0.7. If this bull market can pull Dogecoin to $0.7, I think it will be a success. I think it will be difficult to reach $1 or above.
Now is the time for the bull market to transition from the first stage to the second stage, and the market is still in a correction. In this bull market, our community has doubled its layout from the beginning to the recent precise wave capture, and has helped members achieve a 3-fold increase in positions. This is our recent performance!
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