Dogecoin Enters Historical Support Zone – Will DOGE Price Rise Strongly in 2025?

Dogecoin (DOGE), the popular meme coin, once again shows signs of a potential bullish trend. Cryptocurrency analyst MasterAnanda highlighted an interesting observation in the weekly candle timeframe, indicating that Dogecoin may return to the support zone of the bull run that it broke through earlier in 2021. The historical support zone, which acted as a resistance level in early 2021, has since become a strong support level in the following years. DOGE revisits the historical support zone MasterAnanda's analysis shows that Dogecoin has returned to its most important historical support level when compared to Bitcoin on the weekly chart. This zone, marked in blue, served as a resistance level in early 2021 before Dogecoin's price skyrocketed, during which DOGE surged to new highs and surpassed Bitcoin in the fifth bull run. After that bull run, the resistance level turned into a support level and has remained strong through multiple retests since then. In June 2022, the support zone was tested, and then, at the end of 2023 and the beginning of 2024, as Bitcoin gained dominance. Despite Bitcoin's leading market performance, DOGE has recovered each time, reaffirming the strength of this support zone as an important accumulation point. This continuous validation has created a solid foundation for potential price volatility in the future. Will the price of Dogecoin spike again in 2025? Moving forward and looking ahead, we can see the price prediction of Dogecoin ( compared to Bitcoin ) forming higher lows within the blue support zone, indicating the development of a bullish structure. Master Ananda notes that this could consolidate and signal the beginning of another major bull run, as we have glimpsed the previous bullish surge. Additionally, from the Fibonacci extension chart, we can see indicators suggesting that the price of Dogecoin is likely to reach a new all-time high today. The peak of 2021 is 630% away, indicating solid momentum if the price of this coin maintains its upward trend. Generally, while the price of Dogecoin is in its second surge cycle and Bitcoin has seen significant growth since the end of 2023, and while the original meme has a slower cycle than Bitcoin these days, we can see that sentiment is still forming, especially in retail buying in case of an emergency in 2023. The importance of Dogecoin whale activity Whale activity in Dogecoin also contributes to the stability of this coin and its growth potential in the future. Whales—large investors with a significant amount of DOGE—have bought more meme coins, which could create bullish pressure as demand drives price volatility. You can track whale activity to see if DOGE is preparing to make a significant price move in the coming months. Resistance level of Dogecoin price: The key to future growth? When predicting the price of Dogecoin going forward, it is likely that it will need to break through the price resistance level before it can generate any significant bullish momentum. Price resistance has historically indicated an important zone in price cycle events, so if Dogecoin can break through the resistance level, it may recover some price action.

As of now, Dogecoin is trading at $0.162, up 4.2% in the last 24 hours. Bitcoin, the leading cryptocurrency, is currently trading at $87,390, up 3.8% in the last 24 hours. Although Bitcoin is leading, there is still a high likelihood that Dogecoin's price is forecasted to have bullish events in the short term. Dogecoin price forecast for 2025: What can we expect? With positive momentum from the support zone and increased attention from retail investors, there are many predictions surrounding the future of Dogecoin. Dogecoin price forecasts indicate that a strong bullish catalyst could drive DOGE into a major bull run. There are also price forecasts suggesting much higher prices compared to the current trading price of Dogecoin. However, the future performance of Dogecoin will depend heavily on market conditions and investor sentiment in the coming months. Will the price of Dogecoin increase in 2025? At this point, it is difficult to say exactly what Dogecoin will look like in the future, but while Dogecoin is currently consolidating, it seems to be positioning itself for a bullish trend. Positive predictions for Dogecoin's price suggest that if Bitcoin continues to hold its dominant market position and if retail traders remain interested in buying altcoins like DOGE, Dogecoin could experience significant growth by 2025.