Dogecoin has been going through a roller coaster ride recently, falling by nearly 40% in just one week, with the price dropping directly to around $0.26. But we all know that Dogecoin has always had the temper of "rebounding after a sharp drop". Now it is tossing back and forth between $0.3 and $0.32, and many people are wondering: Is Dogecoin going to "break down"? By 2025, will we still see Dogecoin at $1?
From a technical perspective, Dogecoin’s current trend does seem a bit “weak”, but in the long run, it still has the potential and stamina to rise. If the price can successfully stand on the step of $0.35, it may continue to rise.
Although Dogecoin has fallen a lot recently, investors still stick with it and maintain an optimistic attitude. Especially when it is heard that Trump is going to return to politics, the crypto market may be able to "take advantage" and usher in a wave of rebound. After all, Trump often mentioned his support for cryptocurrencies during his previous campaign, and the market was also "moved by the news" and became popular.
Let's talk about Elon Musk, the "big boss" behind Dogecoin. He was recently investigated by the military, and Dogecoin also fell. But let's think from another angle. Once Trump takes office, Musk may be able to "turn danger into safety", and Dogecoin will usher in the dawn of recovery. Musk is a well-known figure in the cryptocurrency world. If he supports Dogecoin, how can Dogecoin not rise! Although Dogecoin has risen by 250% this year, it may be popular again in 2025.
The name Dogecoin sounds festive, the price is relatively affordable, and the volatility is large, which is especially popular among novice investors. As the market attention increases, the trading volume and liquidity of Dogecoin will naturally increase. So, I think the future of Dogecoin is still promising.
Some people predict that Dogecoin will rise to $1.1 as early as March. I think this is a bit difficult, but it is not impossible. However, if Dogecoin can rise to $0.7 in this bull market, I think it is quite good. As for the price above $1, I think it is indeed a bit difficult to grasp. But in general, the future of Dogecoin is still worth looking forward to.
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