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#January Market: Which Altcoins Are Worth Watching? DOGE (DOGE) 2025 pump prospects: the potential to break through the $1 target and market driving factors
Recently, DOGE (DOGE) has attracted attention in the meme coin market. Although the price is currently facing strong resistance at around $0.34, DOGE may experience a new pump with the change of market sentiment.
The price of DOGE may pump significantly in 2025, and even reach a target price of $1. Here are some analyses of the future trend of DOGE.
The current price of DOGE is about $0.3360. Although it failed to break through the 21-day moving average, the bullish sentiment of DOGE has strengthened after breaking the downward trend in December.
Although there may be resistance between $0.365 and $0.38 in the near future, the probability of pump is higher than that of a decline.
In history, when the 14-day Relative Strength Index (RSI) of DOGE shows an oversold signal, it is usually accompanied by a price rebound.
For example, at the end of December, when the price of DOGE fell to around $0.26, the RSI indicator showed close to oversold levels, which typically indicates a buying opportunity.
Although DOGE is still a long way from the psychological price of 1 US dollar, with the arrival of the meme coin season, DOGE may retest its 2021 historical high.
History has shown that DOGE often surpasses its previous price peak during bull market cycles.
Assuming the price of Bitcoin pumps to $500,000 in 2025, DOGE could also achieve a larger market capitalization.
Looking back at history, during the bull market cycles in 2017 and 2021, the price of DOGE not only surpassed its previous high, but also successfully broke through the 4.236 Fibonacci extension level.
This price trend provides a theoretical basis for future pump potential.
If DOGE can replicate its performance in the past, its price could reach $3, with a market cap exceeding $450 billion.
#1月行情:哪些山寨币值得关注?