Dogecoin Price Prediction 2025: Uptrend Has Started

Key Takeaways

• Dogecoin shot up in late 2024 thanks to its links with Elon Musk.
• Despite its increase, Dogecoin trades far from its all-time high price.
• Our Dogecoin price predictions suggest the price will increase this year.

Dogecoin (DOGE) increased in early 2024 amid speculation that X (formerly Twitter) might accept it as a payment option, fueled by Elon Musk‘s support.

The token then shot up when Donald Trump announced Musk would be the co-head of the new Department of Government Efficiency, or DOGE for short.

Let’s look at our price predictions for Dogecoin, made on May 28, 2025. We will also examine the DOGE price history and discuss what Dogecoin is and what it does.

Dogecoin Price Prediction

Let’s look at the Dogecoin price predictions made by CCN on May 28. We will use the wave count method to arrive at the predictions, while the minimum and maximum targets depend on the price movement during each specific year.

The most likely wave count suggests that DOGE has completed an A-B-C structure since 2022. Then, it completed its correction before bouncing. 

If the count is accurate, the DOGE price has started wave Y in this W-X-Y structure, thus starting the next portion of its upward movement.

Wave Y could end at $0.56, while the Fib Time Zone tool suggests DOGE will reach the high in April 2026.

Afterward, the Dogecoin price could begin a downward movement similar to the one after the all-time high.

During these projected upward and downward movements, the wave count method gives DOGE price predictions of $0.30 and $0.15 for the end of 2025 and 2026, respectively.

Then, we can use the daily rate of increase for the past three years to make a Dogecoin prediction for the end of 2030. DOGE has increased by 80% since May 2022. Projecting this rate of increase forward leads to a high of $0.60

Dogecoin Price Prediction 2025

The wave count method predicts a Dogecoin price range of $0.13 to $0.43 by the end of 2025.

Dogecoin Price Prediction 2026

The wave count method predicts a Dogecoin price range of $0.11 to $0.56 by the end of 2026.

Dogecoin Price Prediction 2030

Using the daily rate of increase for the past three years, we can predict a Dogecoin price range between $0.30 and $0.90.

Dogecoin Price Analysis

The six-hour time frame gives a bullish Dogecoin prediction, suggesting a breakout is imminent.

The wave count shows a highly bullish 1-2/1-2 wave formation. If the count is accurate, DOGE is completing sub-wave four (black) in wave three.

Sub-wave four has developed into a symmetrical triangle. A breakout from the triangle will accelerate the rally toward $0.305-$0.348.

The hidden bullish divergences (orange) in the RSI and MACD support this outlook.

Therefore, a breakout from the triangle will confirm the DOGE trend is bullish and will take the price to new highs.

Short-Term Dogecoin Price Prediction

The Dogecoin price prediction for the next 24 hours is bullish. DOGE can increase parabolically if it breaks out from its symmetrical triangle pattern.

Dogecoin Average True Range (ATR): DOGE Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: The current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On May 28, Dogecoin’s ATR was 0.049, suggesting relatively low volatility.

Dogecoin Relative Strength Index (RSI): Is DOGE Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.

Movements above 70 and below 30 show over and undervaluation, respectively.

Movements above and below the 50 line also indicate if the trend is bullish or bearish. On May 28, 2025, DOGE’s RSI was 50.71, suggesting neutral conditions.

DOGE Price Performance Comparison

Based on its market capitalization, Dogecoin is the oldest and largest meme coin. Let’s compare its performance with other meme coins.

DOGE Price History

Let’s examine Dogecoin’s price history more closely . While past performance doesn’t necessarily indicate future results, understanding what Dogecoin has done can help contextualize future predictions.

Dogecoin Market Cap

The market capitalization, or market cap, is the sum of the total DOGE in circulation multiplied by its price.

On May 28, 2025, Dogecoin’s market cap was $33.16 billion, making it the eighth-largest crypto by that metric. 

Who Owns the Most Dogecoin (DOGE)?

On May 28, 2025, one wallet held more than 20% of the supply of DOGE.

Richest DOGE Wallet Addresses

As of May 28, 2025, the top five richest DOGE wallets were:

• DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke. This wallet held 28,856,003,397 DOGE or 19.53% of the supply.
• D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX. This wallet held 7,761,142,001 DOGE or 5.25% of the supply.
• DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX. This wallet held 7,553,140,906 DOGE or 5.11% of the supply.
• DU8gPC5mh4KxWJARQRxoESFark2jAguBr5. This wallet held 5,434,659,540 DOGE or 3.68% of the supply.
• DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG. This wallet held 5,031,001,964 DOGE or 3.44% of the supply.

Dogecoin Supply and Distribution

From the Dogecoin Whitepaper

Dogecoin’s technical documentation or whitepaper describes it as “a community-driven cryptocurrency inspired by a Shiba Inu meme.”

“The Dogecoin Core software allows anyone to operate a node in the Dogecoin blockchain networks and uses the Scrypt hashing method for Proof of Work.”

Dogecoin (DOGE) Explained

Australian software engineers Billy Markus and Jackson Palmer founded Dogecoin in 2013.

Markus left the project in 2014, while Palmer, who had previously worked for Adobe, quit in 2015.

Dogecoin was initially created as a parody of Bitcoin (BTC). It started to gain traction in late 2020 when a series of popular TikTok videos helped promote it.

Around this time, Musk, who had previously seemed comparatively ambivalent about crypto, started calling himself the Dogefather.

This earned the billionaire a reputation as a kind of crypto prophet. 

How Dogecoin Works

At present, Dogecoin uses a Proof-of-Work consensus mechanism. This means people verify transactions and add blocks to the blockchain by solving increasingly complex mathematical equations.

DOGE rewards the Dogecoin blockchain’s miners. It can also pay for some things in the real world. People can buy, sell, and trade it on exchanges.

Is Dogecoin a Good Investment?

It is hard to say. Dogecoin does have a rather enthusiastic fan base. Another matter is whether the coin’s foundation can capitalize on that and deliver more uses for Dogecoin. If it does, things might look good.

DOGE must decide whether Elon Musk’s association with the coin is positive.

The self-proclaimed Dogefather damaged the coin’s reputation when he appeared on American TV and called it a “hustle.”

However, Musk’s upcoming appointment as co-head of the Department of Government Efficiency might draw more attention to crypto.

As always with crypto, you should research before deciding whether or not to invest in DOGE.

Will Dogecoin Go Up or Down?

No one can tell right now. While the Dogecoin crypto price predictions are mostly optimistic, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.

Should I invest in Dogecoin?

Before deciding whether to invest in Dogecoin, you must research DOGE and similar coins and tokens, such as Shiba Inu (SHIB) and Pepe (PEPE). Either way, never invest more money than you can afford to lose.

FAQs

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and is not trading or investing recommendations. We do not make any warranties about this information’s completeness, reliability, or accuracy. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.