Dogecoin Price Performance in 2025 Has Been Volatile and Raises Questions About What the Future Could Hold

Despite its 2025 bullish start, Dogecoin price has since retraced, losing over 32% so far. Of all the top 15 cryptocurrencies by market capitalization, only Avalanche (AVAX) did worse.

Dogecoin price performance in 2025 has been volatile and has raised questions about what the future could hold for the meme coin.

While the cryptocurrency has made strong early gains in the current bull cycle, it has experienced a notable correction from its 2025 highs.

Some analysts are divided on whether the meme coin will rebound from its downtrend or continue in the current bullish trend.

Dogecoin Price Declines Over 32% Since January 1

Dogecoin price has seen a significant decline of over 32% since January 1, 2025, from its high of $0.68 to its recent low of $0.44.

Of all the top 15 cryptocurrencies by market capitalization, only Avalanche (AVAX) performed worse during this period.

Investors who grew bullish on Dogecoin after its strong rally in 2024 are becoming concerned about this downturn.

The price drop comes after a turbulent period in which the cryptocurrency experienced rapid gains in November and December, before encountering resistance at higher levels.

Dogecoin’s price correction follows a broader trend in the crypto market, although the coin’s underperformance compared to other major assets has led to increased scrutiny.

Dogecoin price is heavily reliant on speculative trading and external influences, such as the opinions of celebrities, rendering it highly susceptible to shifts in market dynamics.

Dogecoin Price to Follow XRP 2021 Price Pattern?

According to market analyst Tony Severino, Dogecoin price’s current action has striking similarities to what XRP encountered in 2021.

His analysis of the meme coin’s movements from November 2024 to January 2025 shows that Dogecoin’s latest movements correspond to an historical price chart fractal pattern of XRP in 2021, which may indicate that Dogecoin has reached a cyclical top.

Furthermore, Severino points out that Dogecoin was unable to sustain itself above the 0.786 Fibonacci extension level, which is located at $0.4198, the same Fibonacci level that XRP struggled to maintain above in early 2021.

Following this rejection, Dogecoin experienced a steeper decline of over 56% as it fell into a correction, similar to the price action encountered by XRP.

Speculation on this pattern has also led analysts to believe that Dogecoin could undergo a similar trend, which might limit its upside potential in the current market cycle.

However, there is a possibility that Dogecoin could rebound from this correction and continue its bullish trend.

If the meme coin manages to break out of the 0.786 Fibonacci extension level and close above it, it could signal to technical traders that the current downtrend has ended, setting the stage for a potential rally.

The coming days and weeks will be crucial in determining the next move for Dogecoin price as it becomes clear whether the meme coin will continue its bullish journey in 2025 or if it will experience further price declines.

As the cryptocurrency market remains highly volatile, investors are advised to conduct thorough research and invest at their own risk.

Despite Recent Concerns, Grayscale and Bitwise File for Dogecoin ETF

Despite the recent price movements and concerns of some institutional investors, Grayscale and Bitwise have both filed to offer a Dogecoin exchange-traded fund (ETF).

This is a significant development in the cryptocurrency space, as it showcases the growing interest in bringing cryptocurrencies to the traditional investment world.

Grayscale’s proposal has now been acknowledged by the U.S. Securities and Exchange Commission (SEC), which means that the proposal is currently under review by the agency.

The potential approval of a Dogecoin ETF would likely attract even more institutional investors to the meme coin, ultimately leading to higher demand for DOGE and potentially contributing to its price increase.

This filing follows the recent approval of several spot Bitcoin ETFs, which has sparked broader interest in cryptocurrencies among institutional investors.

In addition to these filings, recent analysis by TD Bank indicates that the TD Sequential has signaled a buy for Dogecoin at the time it was written, suggesting its price may increase from current levels.

Moreover, there has been a surge in large-scale transactions, known as "whale activity," with one "smart money" whale accumulating 140 million DOGE in a recent transaction.

These large transactions, combined with the price increase from the previous day and the potential for more bullish signals from technical indicators, suggest that there could be more upward movements in store for Dogecoin.

At the time of writing, Dogecoin price is currently trading at $0.2075, showing a 2.63% increase over the past 24 hours.

The price has experienced a recent upward trend, and there is an elevation in activity in the market.