How High Will Dogecoin Price Go In February 2025

Dogecoin (DOGE) consolidates below $0.35 as the crypto market rebounds after the highly anticipated FOMC meeting. Bitcoin shot up to $104,000, signaling improved sentiment and altcoins, including DOGE, followed. With this renewed optimism, let’s explore how high the Dogecoin price can go in February 2025 as January comes to an end. Can DOGE reach ATH?

How High Can Dogecoin Price Rally in February?

Although DOGE and altcoins have suffered a steep correction in the past few weeks, there hope for recovery. Like many cryptocurrencies, Dogecoin price is still 55% below its May 2021 ATH of $0.7376. With markets turning over a new leaf, now could be the right time to buy before DOGE revisit its all-time high, according to an analyst.

The analyst posted the below chart and noted,

“A new all-time high on $DOGE is imminent now!“

The chart also notes how Dogecoin price went parabolic after it overcame the 2018 ATH, suggesting that a similar outlook may unfold this time as well. Hence, DOGE could easily hit ATH in February 2025 if history repeats.

While the analyst is forecasting an explosive move for Dogecoin price, the recently filed DOGE ETF has helped boost the sentiment of this dog-based crypto. Bitwise, a popular asset management company’s filings and the change in the crypto regulatory outlook suggest that a spot ETF for Dogecoin could be possible in the near future.

DOGE Momentum Grows Amid ETF Speculation

Dogecoin’s resurgence is drawing attention as the number of whale investors increases. Excitement is building around Bitwise’s recent filing for a spot in Dogecoin ETF, which could redefine meme coin adoption. 

If approved, this ETF may significantly impact DOGE’s market trajectory, fueling optimism among investors and traders.

JUST IN: 🇺🇸 Bitwise files for spot Dogecoin $DOGE ETF.

— Watcher.Guru (@WatcherGuru) January 28, 2025

Strategic Levels to Watch as Dogecoin Price Prepares For Breakout

Another crypto analyst is forecasting that the third Dogecoin price cycle is yet to begin. Based on the expert’s analysis, DOGE is consolidating above the inclined trend line after a breakout and is primed for a breakout.

If history repeats, then the first strategic level to watch includes $1, and following this is $1.5. These are key psychological levels where investors are likely to bok profits. After these levels are attainted, Dogecoin price is likely to move sideways, based on the history, before restarting its exponential rally to $5.

Another Dogecoin price fractal also hints that an DOGE could easily hit its all-time high in February 2025 if history repeats. In fact, these outlooks also indicate that this top meme coin could hit a new ATH.

DOGE Price Analysis

The latest DOGE price is $0.329, reflecting a 0.42% decline over the past day. The meme coin continues to trade within a well-defined range, facing resistance near $0.35 and support at $0.32.

The Relative Strength Index (RSI) is 47, hovering below the neutral 50 level.  The Dogecoin price forecast has struggled to maintain momentum above the $0.35 resistance zone. A successful breakout could pave the way for further gains toward the $0.40 mark. 

However, failure to surpass this level might lead to another pullback, potentially testing the $0.32 support. If bearish sentiment intensifies, DOGE could dip toward the psychological $0.30 level.

To sum up, the Dogecoin price trajectory depends on breaking key resistance levels and sustaining bullish momentum. Market sentiment, ETF speculation, and historical cycles may influence a potential rally toward its ATH.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.