Dogecoin Aimed for $1—Here's Why It Fell Short in 2025
Dogecoin's Price Surge: Following Donald Trump's election victory in November 2024, Dogecoin experienced a significant price increase of 152%, peaking near $0.4846, fueled by speculation and the appointment of Elon Musk to a government position related to the cryptocurrency.
Challenges to Growth: Despite the initial hype, Dogecoin's potential to reach $1 was hindered by ongoing inflation due to its lack of a supply cap, with 5 billion new DOGE added annually, leading to increased selling pressure and a decline in trading volume.
Limited Real-World Use: Dogecoin struggles with real-world adoption, with only about 2,300 merchants accepting it globally, which pales in comparison to traditional payment networks like Visa, limiting its competitiveness as a payment method.
ETF Launch and Demand Issues: The introduction of regulated Dogecoin ETFs in late 2025 did not generate significant demand, with total net assets remaining low compared to Bitcoin and Ethereum, indicating that the approval of these financial products failed to support a price rally towards $1.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0455 | 0.0628 | 0.0815 | 0.0987 | 0.117 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0765 | 0.085 | 0.0987 | 0.112 | 0.121 | 0.135 |
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