Will Dogecoin Reach $10 in 2025? Price Predictions and Current Trends for DOGE

Analyst Ali Martinez projects a promising future for Dogecoin, forecasting a surge to $1.50 within the next four weeks and a long-term target of $3. Notably, whale activity has been evident, with 210 million DOGE acquired during the recent price adjustment.

Last week, Dogecoin's price experienced a surge to $0.50 before retracing amidst a broader decline in the altcoin market. This year, DOGE has been a notable participant in the meme coin rally, achieving over 100% gains in the past two months and exceeding 331% gains since January.

While Dogecoin's price has hovered around $0.40 for several weeks, it has not deterred investors from making ambitious predictions, including a potential rise to $10.

Dogecoin Price Trajectory

Ali Martinez, a prominent crypto analyst, predicts a rally for Dogecoin to $1.50 within the next four weeks, suggesting a further rise to $10 by 2025. Currently ranked seventh by market capitalization at $61 billion, Dogecoin trails behind BNB and Solana, both valued over $100 billion. Notably, Dogecoin's daily trading volume surpasses both, reaching $6 billion in 24 hours.

Whale Activity and Technical Analysis

Martinez expresses optimism about Dogecoin's early stage in its bull cycle and plans to increase his holdings between $0.40 and $0.30. Moreover, he sets a target price of $3, while acknowledging an extreme scenario that could push the price to $18.

Whale activity has been significant, with Dogecoin whales acquiring 210 million DOGE during the recent price correction.

Dogecoin's technical analysis indicates a decline below the upward regression channel on Tuesday, signaling a potential short-term correction. The $0.35 region provides strong support and presents a buying opportunity. This level aligns with the 50% Fibonacci retracement from October's low of $0.10 and the $0.30 mark.

Current resistance levels include the local maximum at $0.48 and the psychological $0.50 mark. If these levels are breached, it could pave the way for Dogecoin to reach its previous all-time high of $0.70.