- Dogecoin’s 45% correction in December is looking to rebound and has strong support, indicating the possibility of an uptrend in 2025.
- Alan Santana suggests that Dogecoin could continue its upward movement and reach record highs after a market reversal.
- DOGE’s growing trading volume indicates weakening bearish pressure, and hopes remain high for a massive rally in 2025.
Dogecoin, the crypto that was created as a joke based on the meme, could be gearing up for a big surge in 2025. In a recent X article, Alan Santana hinted that Dogecoin was rallying higher and heading towards new highs .
The analysis also highlighted a major price reversal between December 8 and 20, when the price of Dogecoin plunged 45%. However, he highlighted that the coin found strong support levels. Notably, the price traded above the resistance levels of the 0.5 and 0.618 Fibonacci supports, which acted during Dogecoin’s October 2021 peak.
Dogecoin Bullish Outlook
Another conclusion of the analyst concerns the trading volume. He explained that the turnover during the recent price increase was higher than that recorded during the price decrease. This means that the bearish pressure is relieved and the market is about to become bullish again.
Santana is convinced that Dogecoin has the potential to continue the upward trend in the future, especially by 2025. He said growth usually starts after a market correction and prices reach new levels. The outlook for Dogecoin was positive, saying the coin would likely experience a roller coaster ride over the next year.
This prediction has excited many people in the cryptosphere. While some people are still skeptical, others believe that Dogecoin could easily overcome previous resistance levels and continue its growth. The overall cryptocurrency market is expected to improve by 2025, with DOGE being one of the most notable examples of altcoins.
Like any other cryptocurrency, DOGE has not been without price fluctuations. Nevertheless, the coin has its fan base and it has not been affected by the changes in the market. A strong community and growing institutional demand for digital currencies could be enough to drive prices higher in the near future.
Impact on the DOGE market
Over the next few years, investors will want to see if Dogecoin will be able to reach its upside potential in 2025. If the analyst’s prediction comes true, DOGE will experience a rise that could propel it to unprecedented heights as it establishes itself among the leading cryptocurrencies. At the time of writing, DOGE is selling at $0.3367this represents an improvement of 7.76% over the last 24 hours.
Source: TradingView
As market conditions improve, DOGE’s future movements may be crucial in determining the direction of many cryptocurrencies. For now, many expect that 2025 will finally be the year the meme coin goes mainstream.