Key Takeaways

• DOGE trades around a key support zone as traders and investors wait patiently ahead of the price’s next move.

• A break to the downside could see the market suffer a further price dump towards the previous consolidation zone of $ 0.20.

• A strong breakout to the upside of $0.3 could see the prediction of $1 renewed following ETF approval.

Bitcoin’s price crash toward $108,800 over the last few days triggered significant market liquidations for cryptocurrencies like Ethereum, Dogecoin, and Solana, as the market remains cautious regarding the next course of action.

These market uncertainties have affected the current sentiment, as on-chain data from the BTC Fear and Greed Index suggests a shift from extremely bullish to neutral in the last few days. Speculation from traders and experts suggests a potential price crash to a lower region.

If the prices of BTC and other altcoins continue to crash lower, there are strong fears that DOGE will lose a key region of support that has held its price strongly in the past few weeks, as bullish market sentiment for the memecoin gradually shifts to uncertainty. 

Dogecoin Trades at Key Zone

The price of Dogecoin, based on current price action, is currently sitting at a key support zone of $0.23 to $0.22. To prevent the price from falling to the previous consolidation zone of $0.2, the price must defend this zone. Historically, the price has struggled to show bullish price action in this range. 

According to CryptoBull, the price of DOGE is at a key decision point where it will either rally to the upside or downside following the recent price crash. 

The price has shown renewed hope for traders and investors following the hype surrounding its ETF, but with the price struggling, traders need to remain patient in the coming days to decide on the next move for their investment. 

While DOGE struggles, BTC’s price action will determine how things turn out for buyers and sellers, as a strong market rally above $117,000 in the coming days will help boost the price of altcoins and memecoins, which have struggled to show bullish price action. 

Overall market action for DOGE remains uncertain, as the price needs to create bullish price action on the higher timeframe by breaking above $0.3 with strong volume to continue moving to the upside. 

The crypto market continues to predict a price of $1 for the memecoin before the end of the year; however, the price must break to the upside with a bullish rally for traders and investors to expect such a rally to materialize in the coming weeks. 

FAQs

What will DOGE be worth in 2025?

Current market price action and experts predict that the memecoin’s price will reach $1 ahead of the 2025 year-end. 

Can DOGE reach $1 dollar?

Speculation hints at a possible price at $1 or $0.7 before the end of year. 

How high will Dogecoin go in 2030?

Based on market prediction and potential ETF approval, the price could trade above $1. 

Related Read

DOGE and Ethereum Will Outperform BTC in September – Explains Crypto Expert