Leading Trader Predicts Bullish 2025 for Dogecoin (DOGE)
A crypto trader who goes by the pseudonym Kaleo has predicted that the leading meme cryptocurrency Dogecoin is in for an exciting 2025.
However, according to the analyst, the price dynamics of the meme cryptocurrency in the next few months will be âpretty boring.â
At the time of publication, DOGE is trading at $0.09966 after falling 5.2%, according to CoinGecko.
The cryptocurrency is still down 86.5% over the past 24 hours.
Is a breakthrough possible?
Earlier today, Ali, another pseudonymous crypto trader, identified $0.11 as a key resistance level for Dogecoin. Bulls will need to target it to secure a convincing breakout.
According to data provided by analytics platform IntoTheBlock, 23,400 addresses hold a total of $31 billion in DOGE at $0.11. These numbers explain why this resistance is crucial for the leading meme coin.
Doge-Linked Token Rise
Meanwhile, First Neiro On Ethereum (NEIRO), a token linked to Dogecoin, recently saw a triple-digit price jump after being listed on the Binance exchange.
As U.Today reports, Neuro is the name of a Shiba Inu dog related to Kabosu, the dog behind the iconic Doge meme that became an internet phenomenon inspired by Dogecoin.
Kabosu passed away in May at the age of 19. Atsuko Sato, the owner of Dogecoin, adopted a new canine companion named Neiro. The new pop instantly inspired the creation of multiple competing tokens on different blockchains. However, Sato quickly distanced herself from any tokens associated with Neiro.
