Dogecoin ready to break $0.25, in the top 5 most profitable cryptos!

Jakarta, Pintu News – The crypto market experienced a sharp drop on Friday, with news of horrendous selling dominance. While the industry saw up to $210 million liquidated within an hour, Dogecoin (DOGE) seemed unfazed. Entering the top five most profitable cryptos, Dogecoin (DOGE) is now eyeing the $0.25 price level.

Dogecoin Profile and Potential

Dogecoin (DOGE), known as the leading memecoin, started the year as the most interesting asset to follow. Despite not having the utility of Solana (SOL) or Cardano (ADA), Dogecoin’s (DOGE) popularity is undeniable. With its strong community support and popularity as a digital asset, Dogecoin (DOGE) has significant potential to rise in the near future.

In late May, 21Shares filed a revised Dogecoin ETF offering, signaling high investment interest in the crypto. This further strengthens the bullish view on Dogecoin (DOGE), especially with the arrival of June which is expected to bring positive changes to the price of this crypto.

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Technical Analysis and Price Predictions

Market Door

Recently, Dogecoin (DOGE) started forming a new head and shoulders pattern on the daily chart. This pattern suggests that Dogecoin (DOGE) could potentially reach a price of $0.23, with $0.25 being the next key level to watch out for. Although the current price is below $0.20 and has dropped more than 14% in the last seven days, Dogecoin (DOGE) has still recorded a gain of more than 16% in the last 30 days according to CoinMarketCap.

Dogecoin’s Position in the Crypto Market

According to the latest report, 77.9% of the entire Dogecoin (DOGE) supply is in profit. This puts Dogecoin (DOGE) in fourth place among all major crypto tokens. Bitcoin (BTC) leads with 98.4% of its supply, followed by Ripple (XRP) and Chainlink (LINK) which have 90% and 80.5% of their supply in profit respectively. By entering the top five most profitable cryptos, Dogecoin (DOGE) shows that it is not only a speculative asset, but also a profitable investment for many of its holders. This marks a new era for Dogecoin (DOGE) as a key player in the crypto market.

Conclusion

Despite the overall crypto market decline, Dogecoin (DOGE) is showing resilience and significant growth potential. With strong community support and growing investment interest, Dogecoin (DOGE) may not only reach its $0.25 target, but also exceed expectations in the future.

Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Watcher Guru. Dogecoin Targets $0.25 as DOGE Enters Top 5 Most Profitable. Accessed on June 2, 2025
• Featured Image: Generated by AI