Is Dogecoin's rebound promising? Can it reverse the bear market in 2025!

In 2025, the price fluctuations of Dogecoin have attracted widespread attention in the market. Although its early performance was strong, the subsequent pullback has raised doubts about future trends.

Since the beginning of the year, Dogecoin has fallen over 32%, making it one of the worst performers among the top 15 cryptocurrencies by market capitalization. Despite experiencing a strong rebound in 2024, investors are once again feeling worried as prices decline.

💥 Is the price trend similar to XRP in 2021?

Analyst Tony Severino pointed out that Dogecoin's current price trend is very similar to the price pattern experienced by XRP in 2021. Dogecoin failed to maintain above the key Fibonacci expansion level of $0.4198, leading it into a pullback phase with a decline of over 56%. This trend suggests that Dogecoin's upside potential may be limited.

🚀 Institutional investment interest is heating up

Despite price pressures, Dogecoin continues to attract the attention of institutional investors. Grayscale and Bitwise have applied to launch a Dogecoin ETF, and Grayscale's proposal has been approved by the U.S. Securities and Exchange Commission and is under review. If successfully approved, Dogecoin is expected to see more institutional capital inflow, thereby driving up demand.

🐋 Whales are active, market trends may reverse

At the same time, Dogecoin whale trading is active, with recent purchases of 140 million Dogecoins by investors, indicating that the market may show a positive rebound trend. With TD Sequential issuing a buy signal, Dogecoin's price has increased by 2.63% within 24 hours, further demonstrating its upside potential.

Overall, although Dogecoin is facing pullback pressures, the interest from institutional investors and whale activity may provide support for its rebound, making its future trend worth watching!