Dogecoins (DOGE) Big Comeback in 2025: Will the Meme Coin Hit New All-Time Highs?
- Dogecoins 45% December correction is looking to bounce back and has strong support indicating the possibility of a bullish run in 2025.
- Alan Santana suggests that Dogecoin may continue the upside movement and reach record highs following a market reversal.
- The increasing trading volume of DOGE points to the weakening bearish pressure, and the hope remains high for a massive rally in 2025.
Dogecoin, the crypto that was created as a joke based on the meme, might be preparing for a big surge in 2025. In a recent X post, Alan Santana dropped his insights about Dogecoin rallying higher and moving towards new highs.
The analysis also pointed towards a major price reversal between December 8th and 20th when the price of Dogecoin plunged by 45%. However, he pointed out that the coin has found strong support levels. In particular, the price was traded above the 0.5 and 0.618 fibonaccisupports resistance levels, which acted during the Dogecoins peak in October 2021.
Dogecoins Bullish Outlook
Another of the analysts findings was the trading volume. He explained that the turnover during the recent price rising was greater than the one during the price falling. This means that the bear pressure is being Relieved and the market is on its way of getting back to being Bullish.
Santana is convinced that Dogecoin has the potential to continue the upward trend in the future, specifically by 2025. He said that growth usually starts after a market correction and prices go up to new levels. The outlook for Dogecoin was positive, saying that the coin will probably have a rollercoaster ride in the next year.
This forecast has excited many in the cryptosphere. While some people are still skeptical others believe that Dogecoin may easily overcome the previous resistance levels and continue the growth. The overall market for cryptocurrencies is expected to improve in the year 2025, with DOGE being one of the most outstanding examples of altcoins.
Like any other cryptocurrency, DOGE has not been without its share of-price fluctuations. Nevertheless, the coin has its fan base, and it has not been affected by changes in the market. A strong community and increasing institutional demand for digital currencies may be enough to push up prices in the near future.
DOGE Market Impact
Over the next few years, investors will be keen to see if Dogecoin will be able to reach its bullish potential in 2025. If the analysts prediction comes through, DOGE will experience a rise which can propel it to unprecedented heights as it establishes itself amongst the major cryptocurrencies. At the time of writing, DOGE is selling at $0.3367, this is an improvement of 7.76% in the last 24 hours.
Source: TradingView
As the market situation improves DOGE future movement may be crucial in determining the direction of many cryptocurrencies. For now, many expect that 2025 will finally be the year when the meme coin will go mainstream.
Read more: https://www.tronweekly.com/dogecoins-doge-big-comeback-in-2025-will-the/
Text source: TronWeekly
