Dogecoin (DOGE) price action has slowed down over the past four weeks after breaking above multi-month resistance at $0.35 in early November.
While the daily chart remains bullish, the cryptocurrency lost support at the 50-day EMA on December 19 and has yet to recover above it.
Despite short-term concerns, one analyst has pointed out that Dogecoin’s long-term target remains high at 2025 given its performance in previous bull runs.
Dogecoin’s target is between $2.35 and $2.60
The anonymous analyst CEO shared with his 536,000 followers on X that Dogecoin is on track for a strong bull run in 2025.
