The post Why investors are watching DOGE under $0.50 closely appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin gains as meme crypto market nears $100b. Meanwhile, Rexas Finance stands out in the real-world asset tokenization space. The meme-based cryptocurrency market is experiencing tremendous expansion, with a valuation close to $100 billion. This momentum follows Bitcoin’s recent comeback from a quick decline to an intraday low of $97,000. Dogecoin (DOGE), a pioneer of meme coins, has responded to this change by registering noteworthy single-digit increases. The important question for investors is whether Dogecoin will continue its increasing trend or consolidate before another significant movement. Dogecoin price analysis: Volatility and market sentiment DOGE is still down by more than 24% since January 18, 2025. The emergence of Trump, a new meme-based currency attracting notable investor attention and driving liquidity away from Dogecoin, set off this fall. But Trump’s later price crash resulted in a wider meme coin market downturn, which affected DOGE, too.  Now, Dogecoin is exhibiting indications of stability, as Bitcoin’s rebound gives the crypto market new hope. Still, it stays range-bound in the $0.25–$0.40 zone, a trend observed since November 2024. Dogecoin trades at about $0.26 when writing, with a market capitalization of $39.9 billion.  Currently hovering in the middle, the Relative Strength Index (RSI) indicates that although Dogecoin may see price swings, a definitive breakout beyond $0.50 is unlikely. Furthermore, Dogecoin has not yet reflected Bitcoin’s current approach to its all-time high. Should Bitcoin exceed its past highs, DOGE may experience fresh investor interest, guiding it toward its 2024 highs. That would, however, call for a price rise of around 46%. Dogecoin price prediction for 2025 The political environment can greatly affect Dogecoin’s future price movement. With Donald Trump back in office and his reported…

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Filed under: News - @ February 8, 2025 5:20 am