Key Takeaways
- Dogecoin (DOGE), protecting its price at around $0.15 to $0.1, could signal strong bullish price action.
- DOGE price breaking out above $0.2 could signal a strong shift to the upside for bulls.
- Crypto expert sees Wyckoff accumulation for DOGE as the price enters phase B, with a potential breakout expected.
The price of Dogecoin (DOGE) has struggled in the first quarter of 2025 (Q1), dropping by over 70%. This highlights that market sentiment towards DOGE changed from bullish, as many expected a rally towards $0.73, to bearish, as DOGE struggles to defend its price around $0.1.
While the current price action for Dogecoin (DOGE) has not been favourable for traders and investors, crypto experts believe the price of DOGE could see a strong rally to the upside as experts speculate the price is currently undergoing an accumulation after a prolonged price decline in the past three months.
The price of Dogecoin (DOGE) breaking out of its short-term bearish price action to a high of $0.2 could see a price rally with strong volume to the upside. If the crypto bull market is sustained, the price of DOGE has the potential to hit a high of $1 before the end of 2025.
Will the price of DOGE perform in the coming weeks as Bitcoin tries to make a comeback from its price decline from a low of $74,000 towards a high of $100,000? If the price of Bitcoin breaks above $100,000, we could see DOGE rally to a high after breaking out of its downtrend.
Crypto Experts Share DOGE Bullish Pattern Potential
According to top crypto expert TATrader on X, Dogecoin (DOGE) has undergone a period of Wyckoff Accumulation, which is a typical shift in its phase B. A breakout from this region could mean a strong rally to the upside for DOGE, as its price has remained strong, protecting its price above $0.1 and acting as a strong area of interest for price.
Source – DOGE Price Chart From TradingView
The price of DOGE, which holds around $0.15 to $0.1, demonstrates strong price action for bulls despite bears trying to take advantage of the price to the downside. If the price of DOGE breaks out of its accumulation towards a region of $0.2, this could signal a strong shift in the downtrend to the upside, as the price would be looking to break towards its all-time high of $1.
DOGE’s short-term price action remains bearish. The price trades below its 50-day and 200-day EMAs, struggling to break from its bearish trend. Traders and investors would look to see a strong reaction from DOGE before entering into a trade to the upside.
