Slowly but steadily, the Dogecoin price starts to wake up from the early 2025 market crash. After finding support at the $0.31-0.32 range, DOGE bounced over 20% and is now trading above $0.40.
As a reminder, the 2024 yearly high was around $0.467, and this is the next big resistance level DOGE holders are hoping to break soon.
Meanwhile, popular meme coin traders such as CROW, Crypto Tony, and CEO are posting bullish Dogecoin price forecasts on X. They all agree on one thing – DOGE is gearing up to break $1 soon. These three traders have over 1.1 million followers on X combined.
What you'll learn 👉
CROW’s Dogecoin Price Prediction Points to $1
CROW shared a detailed technical analysis of DOGE/USDT on the daily timeframe, highlighting several key factors. The Dogecoin chart shows a strong upward trend that started in October 2024, followed by a period of consolidation and continuation.
The analysis identifies a crucial support zone around $0.35, marked by multiple price bounces. This area serves as a potential stop-loss region for traders. On the upside, CROW targets a price zone near $1, supported by both technical and psychological factors.
People still don't believe $DOGE is gonna hit $1
— CROW (@TheCrowtrades) January 17, 2025
what a shame pic.twitter.com/vFPIoq5UuJ
The DOGE price action shows a period of consolidation between December 2024 and early January 2025, forming an upward wedge pattern. A long-term moving average acts as dynamic support, confirming the overall bullish trend. Recent candles demonstrate strong momentum with a breakout above the consolidation range.
CROW included a dashed diagonal line within the consolidation zone, indicating a short-term ascending wedge that suggests bullish continuation. The chart’s green zone projects potential targets between $0.70 and $1, with the psychological $1 mark being a key focal point for traders.
In the accompanying tweet, CROW expressed some sarcasm toward DOGE skeptics, reflecting the general optimism within the Dogecoin community. The combination of technical indicators and strong buying pressure seems to support CROW’s bullish outlook, though the trader acknowledges the possibility of a retest of the $0.35 support level if the breakout fails to sustain.
Read also: Shiba Inu (SHIB) Bulls Eye a Massive 10X Rally—Here’s the Target
Other Top Traders Share Ultra-Bullish Views for the DOGE Price
While CROW provides detailed technical analysis, other prominent traders share similarly optimistic views. Crypto Tony expressed his enthusiasm with a straightforward “FULL SEND $DOGE TO $1” prediction.
FULL SEND $DOGE TO $1 pic.twitter.com/X472BJlKgr
— Crypto Tony (@CryptoTony__) January 17, 2025
Even more bullishly, trader CEO forecasts DOGE reaching $2.00, doubling the popular $1 target that many in the community are watching. The recent Dogecoin pump might feel like you’ve missed the boat, but major crypto analysts don’t seem to think so.
$2.00 $DOGE incoming. pic.twitter.com/2tuEFlXuer
— CEO (@Investments_CEO) January 17, 2025
With DOGE breaking above $0.40 and strong technical indicators backing further moves up, the meme coin could be gearing up for an interesting ride in early 2025. While the old saying “history doesn’t repeat itself, but it often rhymes” holds true in crypto markets, the technical setup and growing bullish sentiment from top traders hint that DOGE holders might want to buckle up for what’s coming next.
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