Doge coin (DOGE) continues to struggle above the $0.20 price level despite recent attempts at recovery.

The OG meme coin, currently trading at $0.1998, has shown mixed performance with 5.36% gains in the past 24 hours.

Dogecoin (DOGE) price continues to struggle above the critical $0.20 price level despite recent attempts at recovery.

The OG meme coin, currently trading at $0.1998, has shown mixed performance with 5.36% gains in the past 24 hours. However, it remains substantially down from its all-time high of $0.7386 reached in May 2021.

With a current market capitalization of $29.52 billion, questions remain about whether the original meme coin can overcome its current struggles and reach the $1 milestone.

Dogecoin’s price action displays a pattern of lower highs and lower lows over the medium term, with DOGE having failed to maintain support above $0.24 during recent attempts to build momentum.

The 14-day price chart shows particularly concerning performance, with the 20.6% decline suggesting increased selling pressure despite occasional relief rallies.

Current price ranges show DOGE has been trading between $0.1855 and $0.2062 over the past 24 hours, with slightly wider bounds of $0.1853 to $0.2398 over the seven-day period.

The yearly performance presents a more optimistic picture, with DOGE price showing 5.4% growth over the past 12 months. This stands in contrast to its medium-term struggles and suggests the possibility of larger cyclical patterns.

According to Coincodex data, DOGE’s current circulating supply stands at 147.74 billion tokens. It also has a yearly inflation rate of 3.07% that added approximately 4.40 billion new DOGE to the supply over the past year.

Like Bitcoin’s 21 million supply cap, Dogecoin doesn’t have a supply limit. This inflationary design was initially implemented to encourage spending rather than hoarding, as the token was originally created for tipping rather than as a store of value. However, this continuous expansion of creates persistent selling pressure that any price appreciation must overcome.

For DOGE to reach $1, the market would need to absorb not only the current 147+ billion tokens at higher prices but also accommodate the roughly 4-5 billion additional tokens mined annually.

Market analysis firm Changelly offers a more measured outlook in their 2025 price predictions. Their technical analysis suggests a minimum price of $0.156, a maximum potential of $0.491, and an average trading price around $0.825 by the end of 2025.

When will Doge coin hit $1?

Looking at Dogecoin’s price history reveals a pattern of extended accumulation periods followed by sudden but short-lived rallies. The token’s all-time high in May 2021 came after years of trading at fractions of a penny, with DOGE spending much of its existence from 2015 to 2020 at prices below one cent.

Market projections for 2030 paint a more optimistic picture for patient investors. Price forecasts show a potential steady climb from a $0.907 average price in January 2030 to $1.14 by August of that year. These projections suggest monthly minimum prices rising from $0.877 to $1.11 and maximum prices increasing from $1.05 to $1.29 over the same period.

While the path to $1 in 2025 faces obstacles, Dogecoin’s cultural staying power and dedicated community provide non-technical factors that could influence its long-term move.