Dogecoin (DOGE) is back in the spotlight after a surprising rally in May, shedding some of its memecoin stigma and drawing attention from serious investors. Analysts now point to strong on-chain data and bullish technical patterns that suggest a potential 180% price surge. Could 2025 be the year DOGE finally breaks through the $1 barrier?
Dogecoin prediction gains strength with bullish technical signals
Dogecoin has already surged 38% this May alone, marking its best monthly performance of the year. A rare bullish pattern on the weekly chart has emerged, similar to setups that previously led to explosive rallies. Trading volume is surging too — $4.7 billion in the last 24 hours, according to CoinGecko — placing DOGE among the top five most traded cryptos (excluding stablecoins).
On-chain indicators support this price momentum. According to CryptoQuant, Dogecoin’s 90-day cumulative volume delta (CVD) shows a clear “taker buyer dominance.” This means aggressive buying is outpacing selling — a dynamic last seen in Q4 2024 when DOGE skyrocketed 385% to $0.48.
Another key indicator is the Net Unrealized Profit/Loss (NUPL) among long-term holders. This metric crossed the 0.5 mark for the first time since March 1, 2025, suggesting that most holders are currently in profit. Historically, such conditions reduce selling pressure and build investor confidence, contributing to price stability and potential growth.
These factors signal strong market demand, with investors actively accumulating DOGE, setting the stage for a major move.
DOGE price could explode if Bitcoin remains steady
Dogecoin’s price action is heavily tied to Bitcoin’s movements. Over the past three months, the correlation between DOGE and BTC has hovered around 0.67 — meaning Dogecoin often mirrors Bitcoin’s direction. If Bitcoin consolidates after recent gains, DOGE could take the spotlight as investors shift focus to altcoins.
Analyst Trader Tardigrade highlights a setup reminiscent of the historic DOGE rally from $0.0024 to $0.739 — a staggering 30,000% surge. He notes that Dogecoin just experienced its third weekly bullish MACD crossover since 2024. The previous two crossovers led to gains of 180% and 385%, respectively.
Meanwhile, crypto trader Javon Marks has set a near-term price target of $0.65 — the highest DOGE price since May 2021. He adds that breaking this level could open the door to the long-awaited $1 milestone:
“$DOGE is now showing major strength after forming higher lows. A move to $0.6533 could result in nearly 180% upside, and prices may even push past $1.”
Institutional interest and retail hype fuel momentum
Beyond technical indicators, Dogecoin is also seeing rising interest from institutional players. Major exchanges report growing volumes and open interest in DOGE derivatives. Retail enthusiasm remains high too, fueled by social media buzz and community support.
Dogecoin’s unique appeal as a “community coin” continues to drive demand. Renewed attention from public figures like Elon Musk only adds fuel to the fire, enhancing DOGE’s momentum. While speculative hype doesn’t guarantee sustainable growth, it certainly plays a key role in short-term price spikes.
Conclusion: Dogecoin prediction points to explosive growth in 2025
All indicators — technical, on-chain, and market sentiment — suggest Dogecoin is primed for another major rally. If Bitcoin maintains a steady trajectory, DOGE could climb to $0.65 and possibly $1.
Still, investors should remain cautious. Dogecoin remains a volatile asset, influenced heavily by external factors like Bitcoin price trends and social media hype. But for those seeking speculative upside, the current market setup may offer a rare opportunity to ride the next DOGE wave.