Altcoins

Dogecoin Faces Bearish Pressure! Can It Still Hit $1 in 2025?

The cryptocurrency market has displayed elevated uncertainty over the previous few days, indicating a rise within the buying-and-selling strain within the crypto market. With this, the memecoin market has recorded the best value motion with main tokens displaying a relentless volatility.

With this, traders are curious with questions like is that this a great time to put money into Dogecoin? Furthermore, traders are involved about one other potential crypto crash this week! On this article, we have now uncovered the market sentiments and attainable short-term Dogecoin value evaluation.

DOGE Meme Coin Holds Its Necessary Assist Of $0.265!

The worth of Dogecoin has dropped ~1% in 24 hours with a buying and selling quantity of $2.886 billion, a change of -53.36%. Furthermore, it has misplaced 18.24% over th elast seven days and 30.81% in 30 days. With a market cap of $39.63 billion, it has secured the 08th place available in the market.

Dogecoin Price Analysis 05th February 2025Dogecoin Price Analysis 05th February 2025
TradingView: DOGE/USDT

The Transferring Common Convergence Divergence (MACD) data a relentless decline within the purple histogram with its averages recording the same value motion within the day by day timeframe. This highlights a rise within the selling-over-buying strain for the biggest memecoin available in the market.

However, the SMA indicator continues performing as a resistance to the Dogecoin value chart, suggesting that the meme coin might proceed shedding worth within the upcoming time.

Will DOGE Worth Ever Recuperate?

Sustaining the worth above its help stage might set the stage for this memecoin to retest its instant resistance stage of $0.325. Moreover, if the bullish sentiment sustains, the worth of DOGE token might head towards its higher resistance stage of $0.385.

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Quite the opposite, if the bears outrun the bulls, the Dogecoin value might breakdown its necessary help stage of $0.265. Furthermore, if the bearish sentiment intensifies, this might end in it plunging towards its essential help stage of $0.20750 within the coming time.

Planning on investing within the largest meme coin earlier than the memecoin mania kickstarts? Learn our newest Dogecoin Worth Prediction at present!

FAQs

Can Dogecoin attain $100?

Contemplating the circulating provide of this memecoin and the current market sentiments, it’s extremely unlikely for this memecoin to attain the $100 milestone.

How a lot will 1 Dogecoin price in 2025?

If the bullish sentiment sustains, this meme coin might surpass the $1 mark this 12 months.

What’s Dogecoin value?

On the time of writing, the worth of 1 DOGE coin was $0.26673.

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