Will DOGE Go Parabolic? Analysts Reveal 3 Major Price Targets Post-FOMC

Jakarta, Pintu News – Dogecoin (DOGE) price has shown a significant recovery in the past day after breaking through the $0.17 level. This positive trend comes after the Federal Reserve’s FOMC meeting, which had a positive impact on the market.

Market analysts are now watching DOGE’s price movements closely and projecting three different price targets for the coin.

Overall, the crypto market performed better, which pushed the price of DOGE up in line with the bullish trend in the market.

Analysts Predict 3 Dogecoin Price Targets Post FOMC Meeting

After the Federal Open Market Committee (FOMC) meeting ended, crypto markets focused on the outcome as it influenced the direction in which crypto assets moved.

Read also: Dogecoin Price Crashes 3% Today (3/21/25): Crypto Analyst Says DOGE Has the Potential to Break $1

Most traders believe that the strengthening of Bitcoin (BTC) and the crypto market as a whole reflects the expectation that the United States Federal Reserve will not cut interest rates in the near future. This expectation is the main factor supporting the current bullish trend.

As of March 20, 2025, the global crypto market capitalization has reached $2.81 trillion, experiencing daily growth of 3%. Additionally, crypto trading volume in the last 24 hours jumped 50%, reaching $104.9 billion.

Bitcoin price has now crossed $85,000, while Ethereum surpassed $2,000, further boosting market confidence.

According to a crypto analyst, DOGE has the potential to reach $0.60 as its long-term value. He also identified attractive entry points in the range of $0.17 and $0.16.

The analyst set three main price targets for DOGE, which are $0.38, $0.48, and $0.60. Meanwhile, the stop-loss for this trade was set at $0.11 as part of a clear risk management strategy.

Will DOGE’s Bullish Rally Continue?

As of March 20, 2025, the Dogecoin (DOGE) price was briefly trading at $0.174, supported by continued bullish momentum. In the past day, the price of this meme coin has risen by more than 5% after experiencing an upward movement.

The Moving Average Convergence Divergence (MACD) indicator shows growing market demand along with its uptrend. The MACD’s position above the signal line provides a positive indication, indicating Dogecoin’s potential strong performance in the coming period.

Read also: 4 Made in USA Crypto Investors Rushed to Buy Before Trump’s Big Crypto Summit Reveal

In addition, the Chaikin Money Flow (CMF) shows an upward trend with the current value at 0.14, indicating asset accumulation. The current market dynamics reflect investors’ preference for long positions, as there are no signs of weakening this momentum.

DOGE’s main resistance level is at $0.18, before reaching the next threshold. If DOGE manages to break this level, then the price could potentially approach $0.20.

However, in the event of bearish pressure, the price could return to $0.174 as a support level before possibly dropping further to $0.11.

Overall, analysts remain optimistic that Dogecoin could reach $0.60 in the long term, supported by positive market trends as well as strong technical indicators that point to further growth potential.

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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:

• Coingape. Expert Forecasts 3 Dogecoin Price Targets After Fed’s FOMC Meeting. Accessed on March 21, 2025