Dogecoin Could Hit $3 in 2025 Despite Recent Drop
Dogecoin’s price fell over the last 24 hours, dropping 6.9% to $0.2279. However, the popular meme coin has actually had a strong week overall. It rose from a low of $0.164 in early May to a high of $0.259 on May 23, breaking past a key resistance level at $0.22 that had stopped its growth since late April.
This rise happened as the overall crypto market became more positive, with many other altcoins also going up.
Technical Signs Point to More Growth Ahead
According to a technical analysis by InvestingScope on TradingView, Dogecoin might still have a lot of room to grow this year. Their analysis suggests that the price could reach $3 before the end of 2025.
One key signal is Dogecoin’s recent bounce from its monthly 50-day moving average (MA50), a long-term trend line. This same pattern happened during Dogecoin’s big rallies in 2017 and 2021. In those years, the price jumped over 2,400% after touching this trend line.
Now in 2025, Dogecoin has again bounced from the same MA50 level, which is currently around $0.13. This suggests the coin may be following a similar pattern that once took it from under $0.002 to a high of $0.73.
Why $3 Could Be the Next Big Target
In past cycles:
- In 2017, Dogecoin surged from $0.0007 to $0.018 — a 2,824% increase.
- In 2021, it jumped from about $0.03 to $0.73 — a 2,403% gain.
If history repeats and Dogecoin rises about 2,600% from its recent low of $0.13, the next peak could be around $3.
Technical indicators also support this idea:
- RSI is at 64.26, showing strong momentum.
- MACD is positive at 0.014, suggesting upward movement.
- ADX is above 32, which means the current trend is gaining strength.
Currently, Dogecoin is trading near $0.2279, close to retesting the key $0.22 support level it recently broke through. If this support holds, it could help Dogecoin continue its upward trend.
