Dogecoin Price Prediction 2025 – Will DOGE Crash More In The Crypto Dip
The post Dogecoin Price Prediction 2025 – Will DOGE Crash More In The Crypto Dip appeared on BitcoinEthereumNews.com.
Dogecoin, the OG meme coin that was once close to reaching its all-time high levels, has slipped below its previous support of $0.35. The top meme coin experienced multiple consecutive red days, dropping by double digits due to bearish market sentiments. This bearish price action has caused the DOGE price to slip further away from reclaiming its all-time high. Will the drop continue, or will the meme coin rebound in 2025? DOGE Drops 26% As Crypto Dip Continues All it took was for Bitcoin to lose its support at $100k, and the entire market came crashing down. The meme coin market has suffered the most. What was supposed to be a play for a $150 billion market cap has now dropped to below the $100 billion mark. Dogecoin is one of the victims of these bearish conditions. The token has dropped by close to 30% over the last week, showing intense bearish momentum. At the time of writing, the token is trading around the $0.28 level, with $0.23 acting as a crucial support. Dogecoin’s current market capitalization is above $42 billion. Dogecoin Price Action in 2024 Dogecoin entered the market in 2024 at around the $0.09 level, experienced a minor dip, rebounded, and then traded sideways around the $0.1 mark. The token’s price action strengthened in March 2024, bolstered by Bitcoin reaching new highs. By the end of March 2024, the DOGE price was above the $0.2 mark. This was followed by a small drop, after which the OG crypto continued to trade around the $0.1 level. In early November 2024, the token experienced parabolic price action, pushing its price further up to the $0.4 mark, Doge’s highest value since 2022. The highest value that Dogecoin achieved this year was $0.46, after which the recent decline due to Bitcoin losing…
Filed under: News - @ December 20, 2024 4:29 pm