Dogecoin Price Displays Notable Strength, Being Vulnerable to a Correction—What’s Next?
Bitcoin’s rebound above $100,000 is expected to create a bullish wave in the market. While other coins have failed to maintain the momentum, Dogecoin is struggling to maintain a good uptrend. Since the beginning of 2025, the price has been struggling to rise above $0.4. While recent whale action suggests big moves are coming, technicals suggest a broader pullback is coming.
What’s Next for Dogecoin (DOGE) Price Rise? Will it trigger a healthy rise to $1 in 2025?
Retail traders often focus on whales as major signals of the next price move. As the accumulation rate rises, optimism surrounding the token rises further, having a positive impact on the token dog price. Whales continued to accumulate DOGE in 2024 and stopped in November; at the same time, they have recovered and exceeded the levels of the 2021 bull market. Currently, over 5,000 wallets hold over 1 million DOGE, which is flashing major bullish signals.
On the other hand, retail traders will not get involved as the number of active addresses remains within the average range. Mainly because the technicals don’t support the bullish case. The TD sequential indicator, which points out the exact timing of a trend reversal, remains bearish and a price correction is expected. Secondly, the weighted social sentiment is around 0.60, which means the crowd remains pessimistic about Dogecoin’s upside potential. What’s next for DOGE price increases?
The DOGE price chart suggests that bulls are struggling to maintain the bullish trend as the rally has struggled to defend the 50-day moving average. These levels provided a solid base while price failed to trigger a strong rally to higher ranges. This may be due to lower volume hindering the progress of the rebound. Meanwhile, the increment in the RSI appears to have halted the trend, confirming the bearish case.
Regardless of all the bearish narratives, Dogecoin price may still suppress this narrative if it rises to 0.786 FIB above $0.4 in the next few hours. This move could pave the way for a healthy upward trend, possibly reaching 2024 highs of $0.55, while new highs of $1 are still quite evident.
