Driving the Crypto Recovery: Dogecoin (DOGE) Rises as Meme Coins Spearhead Market Resurgence
Dogecoin Price Forecast: DOGE at $1 as whales grip and technicals look good for big gains ahead.
The crypto market is recovering and the meme coin sector is leading the way. As we move deeper into 2025 Dogecoin (DOGE) is leading the pack, other memecoins like Shiba Inu (SHIB), Chill Guy and Andy Eth are gaining momentum, the sector is getting hotter.
Meme coin market explodes
In 2024, the coin The market grew from $20 billion in January to $120 billion in December. Dogecoin and Shiba Inu have been driving this growth, but newer tokens have gained attention and some have seen gains of 47,000%.
Memecoin market capitalization graph.Source:CoinMarketCap
This is due to the strong community engagement, the virality of these tokens, and platforms like Pump.fun that allow users to create and launch tokens quickly. These platforms have opened up the crypto market to a wide range of investors and are fueling this dynamic.
Meme coin trading volume also saw an increase of over 40%, outperforming the market average as a whole. Dogecoin and Shiba Inu are leading with big daily gains. New meme coins Bonk (BONK) and Dogwifhat (WIF) have also brought some juice to the sector with some tokens up 19% and more than many other traditional cryptos.
Best Memecoins. Source. Market capitalization of coins
Dogecoinin particular, maintains a strong position, ranking seventh on CoinMarketCap with a valuation above $54 billion. The recent increase in trading volume of almost 20% in just 24 hours currently stands at $9.16 billion.
Dogecoin gains support from politicians and celebrities
Elon Musk’s continued support for Dogecoin raises the price. His involvement with the Department of Government Efficiency (DOGE) and Dogecoin during Donald Trump’s presidential campaign, which was entirely focused on pro-crypto policies, really put Dogecoin on investors’ radar. Doge’s main price target has always been the dollar. Doge at $1 seems a certainty in this crypto cycle.
Dogecoin (DOGE) is showing some strength in the market, currently trading at $0.3725. The Chaikin Money Flow (CMF) is at 0.05. This is a buy signal. Over the past year, DOGE has grown by 306.61%, so it is one of the best in the coin space.
DOGE/USD daily chart. Source:
The daily chart looks good for Dogecoin. The 20-day and 50-day SMAs are at $0.36, providing good support for the current price. Buyers are mobilizing to test the next resistance at $0.43 and $0.45. If DOGE breaks through these levels, it could reach $0.49 based on historical price action.
Dogecoin (DOGE) is currently showing serious strength and on-chain metrics look very bullish. As the market processes the news of the new US admin and all crypto projects, Dogecoin is getting more attention.
A recent report from Layerg find that Trump administration officials have direct and indirect ties to crypto projects, similar to Elon Musk’s well-known support of Dogecoin. This could be good for the Dogecoin market, as political endorsements have always been a confidence builder for crypto assets.
Source: coin mechanism
Dogecoin is in progress accumulated in the long term as shown by Coinglass’s long vs. short ratio. The market capitalization exceeds $55 billion and the ecosystem appears increasingly stable. The meme coin market is growing, OFFICIAL TRUMP exceeds $11 billion, but DOGE is still in the lead.
Whale activity and market dynamics signal strong growth prospects
The whales are really confident in the market, they have accumulated 1.83 billion Dogecoin (DOGE) in 2 days. Whale transactions are increasing and Dogecoin is holding at $0.37.
Despite new competition in the coin business, as Donald Trump’s official Trump pieceDogecoin has a market capitalization of $55 billion. This is a strong number that reflects strong market sentiment and strong investor participation.
Dogecoin’s chart looks good based on several technical parameters. Cryptocurrency analyst Ali Martinez points out that DOGE is in a multi-year ascending parallel channel and has a long-term target of $15. The weekly chart also shows a breakout of a bullish pennant, a precursor to a sharp rise.
DOGE technical sheet. Source:@ali_charts on
The RSI is at 53.60, so buyers are in control and will use $0.40 as a springboard to higher prices. Historical precedent is also on their side. DOGE grew 30- and 80-fold after the US presidential inaugurations in 2017 and 2021. If DOGE makes even a tenth of that, it will hit $20.
Fibonacci retracement tools give us more clues. Popular analyst Surf on
This corresponds to Fibonacci trading, where support and resistance levels are based on mathematical sequences. If DOGE reaches $9, the market cap will exceed $1.3 trillion and it will be the top dog in the coin space. Even machine predictions agree that doge can reach $1 and above.