Dogecoin slipped by 4.08% in the last 24 hours, now trading at $0.1670. The dip comes with a 26.01% drop in trading volume, now at $1.11 billion. While the decline may concern short-term traders, zooming out offers a wider lens. DOGE has gained 3.66% over the past seven days, holding steady near last week’s value of $0.1669.
The price action reflects hesitation across the broader crypto market. DOGE remains sensitive to social media buzz and sudden market mood swings. Though its recent moves don’t suggest a breakout, analysts say there could be a shift coming, just not without volatility first.
Long term outlook for DOGE stays bearish
Crypto analyst CoinCodeCap Trading raised a flag earlier today: “DOGE Breakout Alert!” According to their chart, the meme coin pierced the $0.17 resistance, a key reversal level. Their prediction is bold. Target: $0.20, a 15% potential jump. The stop loss is tight at $0.155, showing caution against a fakeout. Traders should be wary. The trend is still against the bulls in the longer term.
Short-term, the trend sits neutral. Medium and long-term views remain strongly bearish. DOGE is still fighting through a descending channel. Key support lies at $0.15 and $0.14. Resistance stands at $0.17 and $0.20. For now, it’s a tug-of-war. Sentiment swings could push the price either way, fast and hard.
Dogecoin could near all time high
Looking to 2025, DigitalCoinPrice expects DOGE to retest the $0.37 mark before the year ends. Their forecast shows DOGE might even climb near its former high of $0.74. Earlier this year, the coin touched $0.42 before plunging under $0.31. Analysts believe DOGE could hover between $0.33 and $0.37 as it builds long-term strength.
Changelly’s 2025 prediction paints a cautious yet optimistic picture. They forecast DOGE hitting as high as $0.203, with a potential ROI of 65.6%.For July of 2025, their average price estimates are in the neighborhood of $0.194. Bottom and top estimates fall between $0.165 and $0.223. For the patient investor, the potential returns could be worth the wait.
