Dogecoin will start to shine in 2025. Here’s why Dogecoin may reach $1 sooner than some people think.

X user Trader Tardigrade said in a recent post that Dogecoin (DOGE) price is off to a strong start this year after breaking out above the northern end of a short-term symmetrical triangle pattern.

At the start of the new year, Dogecoin broke out of a symmetrical triangle on the 4-hour chart $Doge PUMP.

Lastly, Dogecoin price was trading just above $0.33 and encountered resistance at the 21DMA at $0.34.

Between $0.34 and $0.38, there is stronger short-term resistance, namely the mid-December low and the 50DMA.

However, according to the analysis of X user BALO, Dogecoin also seems to have broken out of the short-term downward trend, and the upside price risk is increasing.

A straight up move would be ideal but 0.786 has not been tapped yet so that is still a possibility, I am pretty confident 0.26 is the low, just be patient, if we retest it 0.28 looks like rock solid support, just above 0.34

BALO is so confident that the “rock solid” support level of $0.26 is the local Dogecoin price low and that the price will only rise above $0.34.

Calls for “just gains” above $0.34 may be a bit premature as the aforementioned resistance between $0.34-38 would also need to be breached.

However, as the inauguration of U.S. President Trump on January 20 approaches, the possibility of an explosive rise in gold prices is increasing.

Dogecoin Price – Will It Surge to $1?

Dogecoin will usher in a new era when Trump takes office on January 20. This does not mean that the United States will immediately make a 180-degree turn and turn to pro-cryptocurrency regulation.

Indeed, this is great news for Dogecoin as it is very positive for the market outlook for Bitcoin and altcoins, increasing the likelihood of a new memecoin season.

However, Dogecoin investors will be more concerned about the new federal agency that is about to be established - the Department of Government Efficiency (here "DOGE" should be understood as a funny name when referring to Dogecoin, but it should not be used as an agency name in a formal context, so its explanation as an agency name is omitted below).

The agency, in which Elon Musk is expected to play a major role, is likely to have significant influence on Capitol Hill and will almost certainly dominate the headlines in 2025. This all but ensures that Dogecoin, the institution’s mascot, will take the lead in “mindshare” in the memecoin market.

If, as many expect, Bitcoin and the rest of the altcoin market rebound strongly in 2025, then Dogecoin will almost certainly outperform as well. The return of a new altcoin/memecoin season suggests that the Dogecoin price has a good chance of retesting its 2021 all-time high of $0.70.

A rise to $1 is also very possible. Imagine that a price of $1 would mean that Dogecoin’s market capitalization would be about $144 billion.

This is not a far-fetched dream, as the overall market capitalization of memecoins has reached $120 billion by the end of 2024, while Bitcoin's market capitalization may climb to $3 trillion or even more by 2025.

Dogecoin investors better start looking further into the future. Don’t just settle for a 3x gain from current levels, there is a 10x gain possible, with prices breaking through the $3 mark.