After Bitcoin (BTC) and Ethereum (ETH) registered a price decline of over 4%, Dogecoin, the popular meme coin inspired by the famous “doge” internet meme, has been in the spotlight recently as its value plunges by over 20% in under 24 hours. DOGE is trading at its lowest level in five months, breaking below the $0.20 mark for the first time since November 2024. The meme coin market is facing broader struggles, with Shiba Inu (SHIB) also experiencing double-digit losses in the past week.
The purpose of this article is to give you an idea about Dogecoin’s current market performance and to see whether the coin’s value will have a surge or not.
DOGE Current Price Momentum
As of the time this article was written, Dogecoin was valued at $0.162, boasting a 24-hour trading volume of $5.61 billion and a market capitalization of $24.06 billion. In the past 24 hours, the price of DOGE has dropped by 6.50%. Dogecoin’s circulating supply and total supply both amount to 148.3 billion DOGE.
Dogecoin reached its highest price on May 8, 2021, when it was trading at its all-time high of $0.738, while Dogecoin’s lowest price was recorded on May 7, 2015, when it was trading at its all-time low of $0.00008547. The lowest price since its ATH was $0.0497 (cycle low). The highest DOGE price since the last cycle low was $0.4805 (cycle high). The dogecoin price prediction sentiment is currently Bearish, while the Fear and Greed index is showing 24 (Extreme Fear).
DOGE’s Price Plunges Down
Dogecoin has been facing a rough period in the crypto market, with its price taking a steep fall over the past week. The popular meme coin has fallen by more than 20% in just seven days, causing concern among investors and traders alike.
The price decline began as DOGE started falling below several key support levels. It dipped under the $0.2000 zone and continued its downward movement past $0.1850 and $0.1680 support areas. The cryptocurrency even broke below the $0.1620 mark during this Bearish trend.
A significant low formed at $0.1440, with the prices now hovering around $0.160. This represents both a daily drop of 8% and a weekly decline of about 23%, according to market analysis. This price action has pushed DOGE to its lowest level in five months.
Additionally, a massive amount of 360 million DOGE tokens, valued at nearly $63 million, was recently transferred to Binance with the intention of selling, which could have triggered the downward spiral. This large transaction was reported by Whale Alert, a service that tracks large crypto transactions.
The timing of this transfer has raised eyebrows throughout the trading community. In the past, such large-scale transactions have often preceded major price changes in cryptocurrencies. This has left many traders wondering if a large-scale sell-off is coming.
Short-Term Price Prediction
| Month | Min. Price | Avg. Price | Max. Price | Potential ROI |
|---|---|---|---|---|
| Mar 2025 | $ 0.161463 | $ 0.431112 | $ 0.687807 | 327.02% |
| Apr 2025 | $ 0.364372 | $ 0.436239 | $ 0.577713 | 258.67% |
| May 2025 | $ 0.274391 | $ 0.324716 | $ 0.386835 | 140.16% |
| Jun 2025 | $ 0.242493 | $ 0.273251 | $ 0.320735 | 99.13% |
| Jul 2025 | $ 0.321284 | $ 0.357433 | $ 0.393648 | 144.39% |
| Aug 2025 | $ 0.271117 | $ 0.297166 | $ 0.320093 | 98.73% |
| Sep 2025 | $ 0.294537 | $ 0.321935 | $ 0.354992 | 120.40% |
| Oct 2025 | $ 0.243947 | $ 0.293918 | $ 0.343399 | 113.20% |
| Nov 2025 | $ 0.232137 | $ 0.246884 | $ 0.261348 | 62.26% |
| Dec 2025 | $ 0.211573 | $ 0.231551 | $ 0.260162 | 61.52% |
In 2025, $DOGE is expected to trade at a peak price of $ 0.6878 and a low price of $ 0.1614, while the average trading price for the token is expected to be $ 0.3214. Considering its current market price, the potential Return On Investment (ROI) from $DOGE this year is assumed to be in the range of 330%.
Conclusion
In April 2025, the DOGE meme coin is anticipated to reach a yearly high, potentially trading at $ 0.364372. Our forecasts suggest that its value may rise in the following months. However, if you’re considering investing in $DOGE, be prepared for volatility, as the market is currently in a downtrend, and meme coin demand is at a historic low. It’s crucial to remember that market conditions can fluctuate dramatically, making $DOGE’s performance difficult to predict, with possible future price declines. Always conduct your due diligence and be aware of the benefits and risks associated with cryptocurrency investments before committing your money to DOGE.
