Dogecoin Holds Steady at $0.1661 — Is a Major Rally on the Horizon?

Updated

June 25, 2025

Gambar Dogecoin Holds Steady at $0.1661 — Is a Major Rally on the Horizon?

Jakarta, Pintu News – Dogecoin briefly traded at $0.154 on June 24, 2025, with a gain of 4.84%. This ongoing Dogecoin price increase marks an impressive recovery from the two-month low of $0.142 recorded yesterday.

Furthermore, this recovery also shows that the bulls managed to maintain the key demand zone that has been in place since November 2024.

With these levels remaining strong, will DOGE’s recovery continue, and how high can prices go? Let’s explore.

Dogecoin Price Rises 1.09% in 24 Hours

dogecoin price today — Source: Pintu Market

On June 25, 2025, Dogecoin saw a 1.09% price increase over the past 24 hours, trading at $0.1661 — roughly equivalent to IDR 2,700. During the day, DOGE hit a low of IDR 2,647 and climbed to a high of IDR 1,743.

At the time of writing, Dogecoin’s market cap stands at around $24.89 billion, with trading volume dropping 23% to $1.03 billion within 24 hours.

Dogecoin Bulls Maintain Demand Zone

Dogecoin’s price dropped to $0.142 at the end of last week in line with the falling prices of most cryptos. Not only does this price mark the lowest point in months, but it also brings this top meme coin into the key demand zone between $0.142 and $0.16.

Looking at the price movement of this coin since November last year, it appears that buyers tend to enter in this demand zone. After the rally in the fourth quarter of 2024 subsided, the DOGE price bottomed out in this zone in March.

After the bulls managed to hold the support level, the price recovered up to 40% within a few weeks.

In April, Dogecoin once again managed to hold this support, which triggered a rally from $0.14 to $0.25 in a few weeks, making it one of the best performing meme coins at the time. If this trend repeats, the Dogecoin price could experience another strong recovery.

If history repeats itself and bulls start buying at the current price, Dogecoin price could recover and aim for the 61.8% Fibonacci level at $0.21. If the overall market sentiment shifts to greed, DOGE could continue its rise towards $0.34.

In March and April, when the bulls managed to hold these levels, the RSI was at oversold levels, just like now.

Hence, the exhaustion of sellers and the influx of new buyers who consider $0.142 to $0.160 as a good entry point could initiate a bullish reversal.

However, if history does not repeat itself as market sentiment remains in fear, traders should prepare for a drop to $0.13.

Meanwhile, recent analysis from the CoinGape website reported that the symmetrical triangle warns that the price of DOGE could experience a 60% downward breakout if support at $0.16 fails to hold.

30-Day MVRV Signal Shows Low Point

Dogecoin’s 30-day Market Value to Realized Value (MVRV) ratio suggests that the DOGE price may have bottomed out, and a recovery could be imminent.

Based on data from Santiment, this metric has dropped to -15.43%, indicating that traders who bought DOGE in the last 30 days are incurring significant losses.

A negative MVRV ratio could also be a signal that a Dogecoin price recovery is on the way. This metric suggests that the majority of DOGE holders are now incurring losses, and they may become less willing to sell to break even.

This MVRV metric, along with seller fatigue depicted by RSI, supports a bullish Dogecoin price prediction.

Will Dogecoin Price Recovery Happen?

As the technical analysis shows, it is likely that Dogecoin’s price will recover soon as the bulls manage to defend the demand zone located between $0.142 and $0.160.

Historical data shows that bulls have been entering the market at these prices since November, which then helped the bullish breakout in a few weeks.

The MVRV metric also supports this bullish view by showing that the majority of new buyers are experiencing significant losses.

If traders become less willing to sell at a loss, this could pave the way for a recovery in the near future.

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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.

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