Today's cryptocurrency news is related to Dogecoin's price. Can Dogecoin reach $1 in 2025? Cryptocurrency analysts are picking up on increasing signals suggesting that this major meme coin could enter the top ten cryptocurrencies this year. Does Dogecoin need to be worth $1?
Can Dogecoin explode soon?
According to analysts, Dogecoin will soon explode, but it depends on various factors. This is not only due to the price of Dogecoin but also attributed to the performance of other players in the market. For example, when Ethereum reaches a new high, it can initiate a bull market. Then, the broader altcoin market and meme coins can also benefit from this surge.
Bitcoin's halving is still playing an important role. Historically, significant price movements occur about 486 days after the halving. In the last cycle, this price action will happen in August 2025. While this is not a guarantee, it provides some guidelines to clearly see which cryptocurrency will rise.
Whale activity and market sentiment
Large players, such as whales, also have the ability to move the price of Dogecoin faster. Recent patterns indicate that whales are currently positioning themselves quite quietly. This may suggest a longer accumulation phase. Therefore, the price of Dogecoin may continue to move sideways for a while, preparing for a real breakout.
Technical signals for Dogecoin price
At the time of writing, the price is $0.24803. This is a slight decline on the daily chart. Although it appears lesser, the broader bullish picture remains intact.
Meme coins are currently in a consolidation phase, slightly above the support area of 50.220.
The RSI also indicates a bright oversold area, which could lead to a short-term rebound.
The MACD indicator also points to a slightly positive development. It clearly indicates that the downward momentum is collapsing. The price of Dogecoin seems to be stabilizing around the support area. A breakout occurs the moment it goes above $0.230, creating new space to rise to $0.240.
Currently, the question of whether "Dogecoin can reach $1" seems a bit too far, but a breakout above $0.30 could signal the start of a rally where $1 suddenly becomes more realistic. Of course, external factors such as Ethereum's ATH, political developments, and whales play an important role in accelerating this breakout.
