Remember the king of meme coins? Well, it’s back with some strong price action. DOGE jumped more than 30% last week and is now trading around $0.27 – its highest level since January.
Let’s break down what’s happening with Dogecoin, what the chart says, and whether $1 is still a realistic goal in 2025.
What you'll learn 👉
DOGE Is Breaking Out Again
Dogecoin spent a long time stuck under $0.20, but that changed quickly in July. The price started to climb early in the month and broke through a few important resistance zones, like $0.22 and $0.24. Then it cleared $0.26, which had been a strong barrier for months.
Right now, DOGE is holding around $0.271. It touched $0.28 briefly before pulling back just a bit. The 200-day moving average is sitting far below, at $0.219, showing how strong this rally really is.
What the Indicators Say
The daily RSI is at 68. That means DOGE is close to being overbought, but not quite there yet. Usually, an RSI above 70 is considered overheated. So there’s still some room for more upside, though a small pullback wouldn’t be a surprise either.
The 200-day moving average is turning upward, which is a good sign for the longer-term trend.
If Dogecoin keeps pushing higher, the next resistance to watch is $0.30. That level acted like a ceiling last year. If the bulls can break past $0.30, the next targets could be $0.35 and $0.40.
On the downside, $0.25 and $0.24 are now support zones. These were key areas during the latest run. If DOGE falls below them, $0.22 could be the next level to hold.
Read also: Shiba Inu (SHIB) Price Could Hit $0.006 – Here’s When Experts Say It Might Happen
Can DOGE Price Hit $1 in 2025?
That $1 target has always been a big goal for the Dogecoin community. From here, it would mean about a 270% gain. It’s not impossible, but it depends on a few things.
First, DOGE would need to break its all-time high of $0.74, which it reached back in May 2021. That’s the biggest challenge. But if we get a full bull market and meme coins catch fire again, DOGE could make another strong run.
$1 is still possible – just not guaranteed. A lot will depend on market conditions and whether the meme coin hype returns.
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