Dogecoin Price Prediction: Can DOGE Hit a New All Time High in 2025?

Jakarta, Pintu News – After experiencing a decline since December 2024, Dogecoin (DOGE) is finally showing signs of recovery. The popular meme coin backed by Elon Musk managed to bounce off an important support level around $0.143, opening the opportunity for a strong rally towards new highs.

In the last 24 hours, the price of DOGE surged by almost 8%, trading at around $0.1722 on Wednesday, March 12, during the early trading session in New York.

With a market capitalization of around $25 billion and a 24-hour trading volume of $2.1 billion, DOGE appears to be following Bitcoin (BTC) in the broader market recovery.

Key Technical Levels to Watch

DOGE’s rebound from $0.14 aligns with the 0.786 Fibonacci retracement level on the weekly chart. Over the past year, Dogecoin has continued to form higher highs and higher lows, indicating that the market correction may be nearing its end.

Read also: How High Can Dogecoin Price Soar If DOGE ETF Approved in 2025?

If DOGE manages to break $0.20, it could trigger a bigger rally towards the all-time high.

However, if in the next few weeks the price falls below $0.14, DOGE could face further downward pressure.

Increased Adoption and Institutional Interest

According to Coinpedia, the Dogecoin network, which uses a proof-of-work (PoW) mechanism, now has more than 6.1 million on-chain holders.

The endorsement of Elon Musk as well as the increasing use of DOGE by global merchants has strengthened its position as an increasingly accepted payment method.

Institutional interest in the meme coin has also increased, with investment firms such as Grayscale and Bitwise filing spot DOGE ETFs in the US. On-chain data from IntoTheBlock shows that the volume of large transactions on the Dogecoin network has jumped sharply in recent months.

Read also: Dogecoin Jumps 4% on March 13 – X Post Sparks Buzz Across the Community!

In addition, Santiment data revealed that Dogecoin whales have bought more than 1.4 billion DOGE in just the past two days, increasing their total holdings to 24.6 billion DOGE.

This increased whale activity could signal greater confidence in DOGE’s future rally 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:

• Coinpedia. Dogecoin Price Prediction 2025: Can DOGE Hit a New All-Time High? Accessed on March 13, 2025