What’s Next: Will Dogecoin (DOGE) Price Reach $1 in 2025?

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If the short-term fractals are kept aside, the long-term price action displays huge potential for a continued ascending trend. After the latest rejection from a resistance zone between $0.2180 and $0.2327, the bulls are trying hard to elevate the levels back above $0.2, but the bears seem to have capitulated the range just below the resistance.

The weekly chart analysis suggests the price has held the ascending trend line as a strong support and recently triggered a rebound. Besides, the weekly MACD, which has been within the negative range since the start of the year, displays a drop in selling volume and pressure. Meanwhile, the weekly DMI is about to turn bullish as the conversion line and base line are heading for a bullish crossover.

Interestingly, the weekly candle has just turned into a bearish Doji, and historically, this has been followed by a range-bound consolidation, a small pullback and a massive rise. Therefore, the Dogecoin (DOGE) price is expected to remain compressed between $0.165 and $0.177 for a while, followed by a strong rise to the resistance zone between $0.218 and $0.232. A breakout from this range could help the price to achieve $0.25. $DOGE