Key Takeaways
- Dogecoin’s (DOGE) overall market sentiment ahead of 2025 price prediction remains bullish with $1 price speculation.
- For bulls to initiate a price rebound, DOGE’s price needs to be defended from slipping lower than $0.15.
- The current market price action for DOGE is to sell as the price trades below 50-day and 200-day on the daily timeframe.
Are the memecoin days over? Dogecoin (DOGE), the memecoin that is always in the picture despite being outperformed by many new trending altcoins in the past few months, has faced a challenging period in its price action as the price of DOGE has struggled in the past few weeks to show strong bullish price action to the upside.
In the last 24 hours, the price of DOGE has seen an over 10% decline. It could be headed to $0.15, where bulls and whales are winning more to buy into this crypto asset. The current market action and the price of Bitcoin (BTC) likely to trade lower than $93,000 could force the price of altcoins into key support zones.
Current market sentiment for altcoins and Bitcoin indicates the market is bearish, with price struggling to find a clear uptrend since the start of January 2025 with so much speculation of Bitcoin’s price retracing towards the key demand zone of $70,000 before a possible rally to a new all-time high.
While market uncertainties persist, the price of DOGE at key zones would allow whales and investors to buy into DOGE for a potential rally to a high of $1 based on DOGE price prediction before the end of 2025.
Is Dogecoin Still A Good Investment?
Source – 1D DOGE Price Action From TradingView
After trading below its daily 50-day and 200-day EMAs (Exponential Moving Averages), the price of DOGE continues to decline with much bearish dominance on price. The price of DOGE has suffered over a 55% drop from its yearly high of $0.486, as the price could see more decline towards its key demand zone of $0.12 if the price of DOGE fails to trade above $0.15.
If DOGE defends its price from going lower than $0.15, we could see more buy orders coming in, which would eventually push its price higher from its current price points.
Based on technical analysis, there are more willing buyers for DOGE around $0.15 and $0.12, which could help rally the price to the upside, considering that DOGE has remained a top crypto asset to hold for many traders and whales in 2024.
Based on historical price action, DOGE has performed well in March and April in previous bull cycles. This historical data has developed a strong conviction for DOGE as different analysts speculate the price could see a renewed uptrend rally at key demand zones of $0.15 and $0.12.
Crypto analyst Ali_charts, on his X account, has speculated that the price of DOGE will retrace towards $0.19 after breaking out in the opposite direction of its bullish descending triangle, with bears taking much control of the price.
Despite the current market trend for DOGE, overall long-term sentiment for DOGE price remains bullish.
Key Support Zones For DOGE – $0.15, $0.12
Key Resistance For DOGE – $0.3 and 0.48
Short-term Market sentiment – Bearish
Long-term Market Sentiment – Bullish
