Dogecoin Price Prediction 2025: Deciphering the Possibility of Reaching $1
DOGE price surged at the start of trading in 2024, rising by more than 150% after more than a month of sideways consolidation. Interestingly, the coin is repeating the same pattern, so the fear of a 40% pullback is plaguing the DOGE price rally. The price is currently trapped inside an ascending triangle after rising from a long period of consolidation, and similar to the previous one, it is about to test the ascending trendline.
Now that the Dogecoin price rally has entered a decisive phase, here are our expectations for the Dogecoin price rally in 2025.
Dogecoin (DOGE) is currently at a critical price node. Although it has not yet broken through the ascending trendline, this line acts as a strong support, maintaining the possibility of a healthy price rally. If the current trading momentum continues, the price is expected to climb to the top along this trendline and further break the important resistance level of $0.7.
However, if the price repeats the same mistakes and reappears the previous downward trend, it may fall below $0.25 and remain in this range for a period of time. From a technical analysis, the current trend shows signs similar to past pullbacks, indicating that the market may be about to face a pullback.
Nevertheless, even if the bearish pressure increases, the price of Dogecoin is expected to trigger a healthy rebound after a brief adjustment and resume its upward trend. The market generally expects that Dogecoin is expected to challenge the key resistance level of $0.7 in the first quarter of 2025.
If Dogecoin can successfully resist the bearish pressure and consolidate the above price level, then by the end of 2025, its price may even reach the $1 mark, which will be the peak mark of Dogecoin's continued bull market.
