Dogecoin price prediction estimates for 2025 are in the midst of being recalibrated after the OG meme coin started off the first week of May with strong sell-side pressure. At press time, DOGE was trading at $0.1735, representing a 3.5% boost over the past 24 hours, a brief respite from the bearish outlook for Dogecoin this month. Nevertheless, Dogecoin continues to trade sideways as bulls attempt to wrest control from the bears on its way to breaking through stiff resistance at $0.20. What’s next for the Dogecoin price prediction once it smashes past that level? Let’s find out.
Dogecoin bulls targeting a run at $0.18
Experienced crypto analyst Ali Martinez appears to have nailed his Dogecoin price prediction last May 6th. In a tweet, Martinez noted that after observing DOGE testing key support at between $0.16 and $0.17, DOGE would rebound to $0.175 (where it is right now) and onwards to $0.183. It stands to reason, therefore, that DOGE will need to hold at the $0.18 range to keep the door open to reclaiming $0.20.
Source: Santiment
The recent price declines have skewed the overly bullish Dogecoin price predictions made by stakeholders and analysts. That’s not to mention the low network activity and a generalized bearish sentiment surrounding the largest meme coin by market capitalization. Prior to its recent pump in the past 24 hours, Dogecoin’s weighted sentiment was firmly stuck in negative territory for most of the first week of May. This indicates an overall negative perception and bearish sentiment about the dog-themed meme coin. Market participants appear to be waiting for the other shoe to drop for Dogecoin.
Danger up ahead for DOGE?
The fundamentals have forced traders to lay off Dogecoin, leading to network activity figures for DOGE to take a precipitous fall. As expected, DOGE prices aren’t backed by real demand, meaning bulls could struggle to hold the line moving forward.
Bulls have their work cut out for them to overturn the downward pressure the bears are constantly applying to the Dogecoin price prediction. If bulls fail to keep up the momentum towards $0.183, it could mean another downtrend towards the $0.16 range. Meanwhile, if the buyers hold serve and ultimately overcome the overwhelming sell-side pressure, the stage is set for another run at $0.20.
Crypto trader Ali Martinez makes a Dogecoin price prediction. Source: X
Dogecoin price prediction: Towards $0.20 and beyond?
Dogecoin relies heavily on macroeconomic factors, including geopolitical phenomena and monetary policy, that heavily influence meme coin investor sentiment and market dynamics. That was abundantly clear in Dogecoin’s sensational run from $0.01 to an all-time high of $0.74 from early to mid-2021. That pump was fueled by the pandemic-era economy’s volatility, stimulus checks and massive hype.
Meme coins like Dogecoin perform best during periods of market uncertainty. Retail traders with shorter budgets tend to use DOGE as an onboarding point when other big-cap coins with larger valuations feel unattainable. It shouldn’t come as a surprise that prices quickly rise and fall based on hype and momentum rather than actual utility or long-term planning.
As a result, Dogecoin price prediction estimates vary wildly. Some analysts are predicting no less than a conservative baseline estimate of $0.20 for DOGE, while bullish forecasts place DOGE to retest its 2021 all-time highs of $0.74. Given the current macroeconomic situation, no one is making absurd predictions of “DOGE to $6” anymore.
Newcomer Remittix (RTX) offering better upside than DOGE?
Dogecoin’s window for parabolic growth has already come and gone; it is, after all, sitting at a $25.8 billion market cap as of press time. The smart money is instead investing in presale blue chips like PayFi disruptor Remittix (RTX), which has already raised past $14.8 million with bullish estimates predicting anywhere between 10x to 100x potential in 2025. The best part? RTX tokens are still available at just $0.0757, offering unlimited potential for upward growth compared to DOGE.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
