Dogecoin Price Prediction (2/26/25): Ali Martinez Predicts a Potential Massive Rebound for DOGE!

Jakarta, Pintu News – As the overall crypto market recorded one of the worst forced liquidations in recent times, Dogecoin (DOGE), the oldest and largest meme coin by market capitalization, dropped more than 10% in the past 24 hours, trading around $0.206 in the early New York session on Tuesday, February 25.

This large altcoin, with a fully diluted valuation of around $29.5 billion and a 24-hour average trading volume of around $3.4 billion, confirmed the downtrend after closing Monday’s candlestick below the important support level of around $0.238.

Following the heightened DOGE price volatility in the past 24 hours, over $32 million, mostly involving long traders, was liquidated. The apparent fear of a further decline in the crypto market pushed the Dogecoin price down below the crucial support level of around 20 cents on Tuesday morning, reaching a low of around $0.1969.

Read also: Pi Network Price Surges 22% Today (2/26): Could PI Coin Rally Towards $3.14?

Dogecoin Network Experiences a Drop in On-chain Activity

According to Coinspeaker, the Dogecoin network has seen a significant drop in on-chain activity in recent weeks.

In the past three weeks, the number of transactions on the Dogecoin blockchain per day has dropped from over 133k to around 51k at the time of writing.

In addition, the Open Interest (OI) for DOGE fell from over $5 billion at the beginning of this month to around $1.8 billion on Tuesday (2/25).

Dogecoin Price Mid-Term Targets

Since the second inauguration of US President Donald Trump earlier this year, the Dogecoin price has been stuck in a correction phase. This top meme coin has dropped more than 50% in the last four weeks and is at oversold levels at the time of writing.

According to crypto analyst Ali Martinez, the Dogecoin price must continue to rebound from the support range between $0.19 and $0.21 to invalidate the possibility of a sell-off towards $0.06.

From a technical analysis point of view, the price of DOGE has formed a falling wedge pattern that has the potential to produce a major bullish rebound in the coming weeks towards all-time highs.

Furthermore, the Dogecoin price is yet to experience the parabolic phase of the 2025 crypto bull cycle, despite significant adoption by institutional investors.

Read also: Dogecoin Price Surges 2% Today (2/26/25): Could DOGE Reach a $45 Target?

Fundamental View

As the second largest blockchain secured through a proof-of-work (PoW) consensus mechanism, the Dogecoin network has attracted more institutional investors in recent years.

According to Tokenview’s on-chain data analysis, the DOGE meme coin has more than 6.1 million on-chain holders and a total of about 2.66 PH/s.

Backed by tech billionaire Elon Musk, DOGE has been adopted by dozens of businesses around the world as a form of payment.

As Musk’s Social X platform prepares to launch a payments feature later this year, the Dogecoin community has been speculating on the imminent integration.

In addition, Musk named the US government’s efficiency program Dogecoin to show his unwavering support for the dog-themed meme coin.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinSpeaker. Dogecoin Price Prediction: DOGE Retests Crucial Support Level, $0.14 or $0.31 Next? Accessed on February 26, 2025