Dogecoin may experience a long and difficult period, but it is expected to see a significant rebound in April 2025. Dogecoin price forecast: Dogecoin may experience a significant rebound around mid-April 2025, and then achieve another breakthrough around mid-next year. Establishment of the Department of Government Efficiency: The agency named the Department of Government Efficiency will officially be established in Washington in January 2025, headed by Elon Musk, a long-time supporter of Dogecoin. Dogecoin investment advice: Dogecoin may show a downward trend in the short term, but if the price really falls to a low of $0.20, this could be a good buying opportunity.
Dogecoin (DOGE) may experience a long and difficult period, but it is expected to see a significant rebound in April 2025. Looking back at 2024, Dogecoin's price once climbed to a high of $0.23, but failed to continue rising in the following months, only breaking through $0.40 by the end of 2025, setting a new annual high.
If this price trend occurs again, it may mean that Dogecoin will linger in a stagnation zone until mid-April, and then achieve another breakthrough around mid-next year.
Will the rise of Dogecoin come faster?
This theory is quite remarkable. If Dogecoin's bullish investors hear about the risks, they may be more inclined to see a rebound in Dogecoin's price before April next year, which would undoubtedly make them happy. Why? An agency named the Department of Government Efficiency (DOGE), somewhat ironically, is headed by Elon Musk, a long-time supporter of Dogecoin, and will officially be established in Washington next January.
The government of the new U.S. President Donald Trump is considered the most cryptocurrency-friendly administration in history, as he has instructed DOGE to reduce fraud and waste in government spending. Musk showcased his influence in Washington - he openly criticized the recent congressional spending bill on the X platform, reducing the bill's length from over 1,500 pages to just over 100 pages. It is expected that by 2025, DOGE will frequently make headlines, essentially ensuring Dogecoin's dominance in the meme coin market.
This means that as the 'Trump trade' once again drives cryptocurrency prices (which is likely to happen in the coming weeks), DOGE will become the standout choice. However, current chart analysis still shows a downside risk for Dogecoin's price. The latest price of Dogecoin is approximately $0.32, having fallen below the 21-day and 50-day moving averages after last week's sharp decline.
Additionally, Dogecoin has yet to test its early 2024 high of $0.23 again, and this price will become the main target for bears. Chart analysis shows that Dogecoin may show a downward trend in the short term. However, if the price really falls to a low of $0.20, this could be a good buying opportunity. Considering Dogecoin's potential to break through $1.00 and achieve a fivefold increase in this bull market, it is undoubtedly one of the most valuable cryptocurrencies to invest in currently.
