Historic Signal Pledges $4 Dogecoin Price by March 2025
Following Bitcoin halvings in 2016 and 2020, Dogecoin experienced massive price spikes, with gains of 8,000% and 23,000%, respectively.
The upcoming 2024 halving could trigger a similar rally, potentially pushing Dogecoin to $4 by May 2025. The asset’s recent rally is fueled by social media mentions, especially from Elon Musk, and speculation around Donald Trump’s 2024 election chances, boosting optimism for its future growth.
DOGE Gains Momentum, Surpasses Previous High Following Elon Musk Mention
Dogecoin (DOGE) just reached a two-month high price after Elon Musk mentioned D.O.G.E on X, with a price of $0.1330, up 23% in the last 7 days and 6.8% in the last 24 hours. However, if the price drops back into the falling wedge, it may signal crypto market weakness, turning the breakout into a fake-out.
In case of market panic, DOGE support is likely to be found around $0.08 and $0.077. About the Author
Evans Karanja is a crypto analyst and journalist with extensive experience in blockchain technology, cryptocurrency, and video gaming. He has collaborated with multiple startups to deliver insightful and high-quality analyses to their target audiences.
As a passionate crypto trader and investor, Evans believes in the transformative potential of blockchain across various sectors. In his free time, he enjoys gaming and exploring waterfalls.
The crypto community seems optimistic about Dogecoin’s future, as Donald Trump’s numbers on the polls have boostd, suggesting better chances at winning the 2024 election.
Dogecoin is known for its dramatic price boosts, such as its 8,000% boost in 2017 and 23,000% in 2021, suggesting a potential path to $2 by December? Short-term Bullish Reversal, Resistance at $0.22
In the short term, Dogecoin has broken out of a falling wedge, retested it to confirm the bounce, and is now in a bullish reversal.
Immediate resistance sits at $0.14, with the possibility of surpassing yearly highs at $0.23, followed by a $0.29-$0.33 range before targeting previous all-time highs.
