Recent market turmoil has driven Dogecoin’s price sharply down by 50%, plummeting from $0.48 to a support level of $0.24. Experts emphasize maintaining a level above $0.16 for potential upside.
Market Correction Dynamics
In February 2025, a severe liquidity shortage in the crypto markets triggered a widespread correction, hitting altcoins hard. Dogecoin and other memecoins like Shiba Inu and Bonk experienced significant price drops, heightening market concerns.
Bullish Outlook by Analysts
Crypto analyst Ali Martinez suggests that if DOGE remains above the critical $0.16–$0.19 threshold, it could be poised for a major rally. He believes that Dogecoin could reach $4 by 2025, following its historical bullish cycles.
Shifting Trends in the Memecoin Sector
The rapid rise of memecoins in 2024 led to the emergence of new projects, often based on hype. However, as the market matured, investor confidence eroded, leading to deeper corrections.
Many believe that upcoming U.S. crypto regulations could be the turning point needed to restore trust in the memecoin sector.
