Dogecoin (DOGE), the original memecoin, has faced pressure in recent days, fluctuating below $0.18. Despite short-term weakness, the overall trend indicates a more optimistic story. The coin is currently consolidating around the $0.17 support level — a sign that it may be preparing for a significant move as market conditions improve.
As of now, DOGE is trading at a price of $0.174, with the following performance statistics:
1-day performance: -0.76%
1-week performance: -4.18%
1-month performance: +7.46%
Performance to date: -44.71%
Even though the price of Dogecoin has declined over the past year, it remains one of the most closely watched altcoins in the market.
Dogecoin price prediction: Building momentum for a new bullish wave
DOGE has shown signs of accumulation around the $0.17 mark — an important support level that has been maintained despite recent bearish pressure. Price action suggests Dogecoin is building a base for a potential upward move, especially as Bitcoin surpasses the $100,000 mark. When that happens, a wave of capital is expected to flow into altcoins and memecoins, directly benefiting DOGE.
The next price targets to watch include:
$0.20 – psychological resistance
0.22 – previous local high
0.25 dollars – a key milestone if the bullish momentum accelerates
This potential breakout would align with the general market optimism, especially in the post-ATH environment of Bitcoin.
Bearish scenario: Risk of dropping below $0.17
If DOGE cannot hold the $0.17 support area, traders should prepare for a potential pullback. A drop below this level could open the door to a decline into the $0.12–$0.14 range — a level not seen since previous market corrections.
All eyes are on Bitcoin as DOGE waits
The next big move for Dogecoin heavily depends on Bitcoin's performance. As DOGE consolidates above key support, any breakthrough in BTC could serve as a launchpad for DOGE to rise to $0.20 and beyond. However, if the support level is breached, a drop to $0.14 remains a risk.