Dogecoin News and Price Target in 2025
Dogecoin is virtual currency was initially seen a joke. It has a Shiba Inu motif. What’s interesting is that it has formed a stable and friendly community. Its market size has reached over $1 billion. It is still a coin that occupies a large share of the virtual currency industry. The Dogecoin community not only supports members who have been hacked, but is also involved in charity. For example, they donated $50,000 to the Jamaican bobsleigh team,It allowed him to participate in the 2014 Sochi Olympics. It also donated $30,000 to a project to build wells in the Tana River Basin in Kenya. Dogecoin is popular on Twitter, Reddit, and other platforms.
Dogecoin price target of $2.35 in 2025: Crypto analyst
Dogecoin has seen a slowdown in price movement over the past four weeks after surpassing the long-term resistance level of $0.35 in early November.
Despite these short-term concerns, analysts noted that. Long-term target for 2025 remains fairly lofty given its past bull market performance.
While the daily chart remains bullish, it lost support from the 50-day moving average on Dec. 19 and has yet to regain a position above that support.
Despite these short-term concerns, analysts noted that Dogecoin’s long-term target for 2025 is still fairly high, given its past bull market performance.
Dogecoin price target: $2.35-$2.60
An anonymous crypto investor and CEO said Dogecoin is on track for a new upswing in 2025. Using a weekly chart, he showed the weekly resistance and support highs and lows from the previous bull run, arguing that the same pattern will be repeated throughout 2024 and Dogecoin is in the final stages of a breakout rally.
Similarly, technical analyst Chandler Bing said Dogecoin’s. Long-term price range is between $2.35 and $2.60, which means it could rise by another 683% from its current price.
That goal seems far away at the moment, but analysts call it a “conservative target.”
Chandler Bing highlighted target determined by Dogecoin’s. Historical performance relative to Bitcoin and Ethereum during previous bull runs.
Cryptocurrency trader Javon Marks also set a price target of around $2.30 based on Fib levels. He said, “History remains the same, showing that past cycles have shown a very high probability of a price rally to the 1.618 Fib level and beyond. Again, we see a 570%+ rally from here to $2.28 or above.”
Has Dogecoin Hit a Bottom?
On Dec. 20, Dogecoin plummeted to $0.262 but recovered to above $0.30 within the same day. Since then, Dogecoin has remained above $0.30, but the price has fallen below its 50-day moving average.
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From a historical perspective, Dogecoin may be forming a bottom as it has already shown liquidity sweeps at the $0.32 and $0.34 levels.
The RSI also bottomed below 30 and selling pressure is running out. So a recapture of positions above $0.35 would be the trigger for a new high for DOGE in 2025.
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