- DOGE has been surprisingly strong since Q4, staying resilient amid a market-wide downturn.
- But this isn’t just a short-term memecoin play. There’s a deeper story unfolding.
Two weeks into 2025 and the market’s been volatile. Bitcoin [BTC] is bouncing up and down, but Dogecoin [DOGE] is trending bullish, holding above $0.30.
With whale buying picking up, RSI cooling down, and the BTC/DOGE pair turning green, analysts are eyeing a potential repeat of the 2023 Q4 rally.
Could this be the moment DOGE finally breaks free from its slump?
All the way to a new ATH?
Dogecoin has shown surprising strength since Q4. While Bitcoin and other major coins struggled after the first Fed clash, DOGE managed to hold steady between $0.30 and $0.40 for an entire week.
In the past four days, DOGE has posted gains of over 2% each day. It’s no wonder 87% of the community is feeling bullish about Dogecoin’s future.
But this isn’t just about jumping on memecoins for short-term gains in a volatile market. There’s a deeper story here. DOGE’s chart is following a similar pattern to last year.
After a rally in October 2023 and a pump in December, there was a drop, then a flat phase with a brief spike in January 2024—exactly what we’re witnessing now.
Source: TradingViewBack then, that January spike triggered a massive 144% rally by March, with DOGE closing at $0.22. If history repeats itself, we could be looking at DOGE reaching $0.73 by the end of Q1.
But will the odds favor DOGE?
Right now, Dogecoin is picking up steam across multiple metrics. Futures and spot trading have seen a rise, with Open Interest (OI) climbing 13.48% and staying strong at around $4 billion
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Author: Ripley G
