TLDR
- Market experts believe Dogecoin is close to setting a fresh peak in the range of $0.80 to $6.00.
- In the past fortnight, DOGE whales have collectively amassed over 200 million more coins.
- The virtual currency has successfully crossed above a declining trendline that it's been adhering to for the past three months.
- Currently priced at around $0.20, Dogecoin has climbed 42% from a recent dip to $0.1432.
- Should the present support maintain, there’s minimal resistance anticipated between the $0.20 and $0.31 brackets.
After several months of downward movement, Dogecoin is exhibiting a robust rebound, now trading approximately at $0.20, with a more than 4% increase over the past 24 hours.
Many industry watchers anticipate a major upward shift for DOGE. Recent findings from TradingShot highlight Dogecoin's breach of the Lower Highs trendline active since two months ago.
This breakout on the charts might signal the dawn of a new positive phase. TradingShot points out that the natural resistance is still tethered to the 1-day MA50 around $0.30, but recent price movements suggest a new upward thrust.
Technical Analysis
Glassnode data further supports this momentum, indicating 7% of DOGE's total shares hover around the $0.20 level. This clustering might act as resistance; however, if surpassed, there's not much supply until $0.31.
This scenario opens the door for a potential rapid 55% increase. The gap with minimal resistance could result in swift price movements as volume picks up.
Significant holders appear to be putting their money on this upward trend. Crypto analyst Ali Martinez unveiled that Dogecoin whales have gathered an excess of 200 million DOGE in merely the last two weeks.
There has been a massive accumulation of over 200 million DOGE in the recent fortnight, illustrating solid faith despite the market's recent fluctuations. #Dogecoin $DOGE These major investors, with portfolios ranging from 1 to 10 million DOGE, have expanded their total holdings to 10.5 billion DOGE, translating to around $2.14 billion in today's market. pic.twitter.com/hWtzq7BtYP
— Ali (@ali_charts) March 25, 2025
The timing of these whale maneuvers is noteworthy. Such large-scale acquisitions usually precede price jumps, showcasing trust despite recent volatility in the market.
On the 24th of March, the newly established House of Doge announced 'The Official Dogecoin Reserve', starting with an initial purchase of 10 million tokens. This announcement spurred positivity in the Dogecoin community.
The corporate branch of Dogecoin Foundation aims to establish an innovative payments ecosystem. Their decision to make these purchased tokens public reflects their commitment to transparency. DOGE From a market analysis viewpoint, Trader Tardigrade highlights Dogecoin’s breakthrough of a three-month downward trendline, which developed throughout 2025, potentially launching a short-term recovery rally.
Some market predictions are outright inspiring. Several analysts project Dogecoin might hit $0.80 in its current cycle, beyond its past peak of $0.73.
On the other hand, Kamran Asghar targets even more ambitious levels, drawing parallels between past bull runs resulting in spectacular 20,000% and 44,000% gains for Dogecoin. He aims for a staggering 2,852% climb to hit $6.
Analyst Doge Lord is also bullish with a $6 prediction, leveraging Elliot Wave theory. He suggests Dogecoin is in the third surge of a five-wave sequence on the 7-day chart. DOGE Following a 70% retreat from its December peak of $0.4846 down to a low of $0.1432, DOGE catapulted 42% from its slump to its current level of around $0.20, marking a rapid bounce back.
With extensive experience as a Crypto & Financial news journalist, Maisie has crafted pieces for Moneycheck.com, level-up-casino-app.com, Computing.net, and holds the position of Editor in Chief at Blockfresh.com.
The price of Compound (COMP): A recent foundation announcement has triggered a 6% fall, reflecting market sentiment.
Ethereum (ETH): Despite leading the way in DEX trading volumes, it has seen a 45% dip in Q1 2025.
