Bitcoin has rebounded above $100,000, which is expected to send bullish waves through the markets. While other tokens have failed to maintain the momentum, Dogecoin is struggling to maintain a decent upward trend. Price has been striving above $0.4 since the start of 2025. While recent whale movements suggest a significant move is ahead, technical data suggests a broader correction is on the horizon .
What’s Next for Dogecoin (DOGE) Price Rise? Will this trigger a healthy progression towards $1 in 2025?
Retail traders typically follow whales, believing it to be a major signal for the next price action. With their accumulation rate increasing, optimism around the token is further increasing, which has a positive impact on the DOGE Price. Whales accumulated DOGE continuously throughout 2024 and stopped in November; in the meantime, they have resumed and surpassed the levels of the 2021 bull run. Currently, over 5,000 wallets hold over 1 million DOGE, sending major bullish signals.
On the other hand, retail traders are refraining from launching as the number of active addresses remains in the average range. Mainly because the technical data does not support the bullish narrative. The TD Sequential Indicator, which indicates the exact time of the trend reversal, remains bearish, anticipating a price correction. Second, the weighted social sentiment sits around 0.60, meaning the crowd remains pessimistic about Dogecoin’s upside potential. What’s Next for DOGE Price Rise?
The DOGE price chart suggests that the bulls are working to maintain the uptrend as the rally has struggled to defend the 50-day MA. These levels provide a solid base as the price fails to trigger a strong rebound towards the higher ranges. This could be due to lower volumes which hampered the progress of the rally. Meanwhile, the additional RSI appears to have halted the trend, confirming a bearish claim.
Regardless of all the bearish claims, Dogecoin price could still crush the narrative if a rise above 0.786 FIB to $0.4 is validated in the coming hours. This move could set the stage for a healthy uptrend, likely reaching the 2024 highs at $0.55, while a new ATH at $1 remains quite distinct.