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Cryptocurrency News Articles
Dogecoin (DOGE) Price Prediction: Will the Meme Coin Bounce From This Long-Term Support Channel?
Apr 01, 2025 at 07:22 am
Dogecoin’s price still remains within a long-term uptrending channel, as indicated on X by crypto analyst Ali.
Dogecoin price remains within a long-term uptrending channel, as indicated on X by crypto analyst Ali. The below chart shows that DOGE is now at the lower boundary of this channel, a position that has been a strong zone of support for some time.
This has occurred on a number of occasions before, with previous bounces from this area leading to big price increases.
Dogecoin is now at approximately $0.16661, still just above the lower edge of the channel. If demand picks up at this point, the price could go up toward the middle or top of the channel, the analyst suggests.
Based on history, the middle segment seems to be located in the $1 to $5 range, with the top end potentially going much higher on a long-term basis.
Potential Scenarios and Price Projections
If the price manages to hold up above the support and the buying pressure increases, it can lead to a continuation of the uptrend with the potential for another leg up, similar to the previous rallies, according to Ali’s analysis.
However, a fall below this level would invalidate the bullish outlook and could see a continuation of the downtrend, with the next solid support possibly at $0.10.
Another analyst DOGECAPITAL believed that historically, the fourth year of the market cycle was when DOGE had experienced exponential growth. From the analysis, DOGE could reach a maximum of $10 or even beyond by the end of 2025.
Dogecoin Historical Patterns Support Bullish Case
DOGECAPITAL compares the current cycle of Dogecoin with its last two cycles of 2017 and 2021. From this data, Dogecoin typically experiences big gains at this stage, with its price rising severalfold.
The latest estimate is that DOGE could finish the month of December 2025 at $11.71, though this is not necessarily the top of the cycle. Higher institutional investment, higher usage, and technological improvements could all be factors for even greater results than we’ve seen before.
While nobody can be certain of what the market will do, history suggests that DOGE is ready for a big run later this year. Traders and investors will be watching the level of support closely and waiting for demand to surge, which may be the spark that ignites the next big upturn.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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