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Crypto Analyst
Michael Davis
Crypto Analyst
Michael Davis
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The Dogecoin (DOGE) price is starting out the year on the front foot after breaking to the north of a short-term symmetrical triangle pattern, X user Trader Tardigrade said in a recent post.
Last just above $0.33, the Dogecoin price is running into resistance in the form of its 21DMA at $0.34.
Between $0.34 and $0.38, there is more formidable short-term resistance levels in the form of mid-December lows and the 50DMA.
However, with Dogecoin also seemingly having broken out of a short-term downtrend, per analysis by X user BALO, upside price risks are growing.
BALO is very confident that “rock solid” support at $0.26 was the local Dogecoin price low, and that things are “up only” above $0.34.
Calling for “up only” above $0.34 might be a little premature, as the aforementioned resistance levels between $0.34-38 also need to be broken.
However, as US President Trump’s January 20 inauguration nears, the likelihood of explosive price upside is growing.
Dogecoin Price – Is a Surge to $1 Coming?
When Trump takes on January 20th, a new era begins for Dogecoin. That’s not so much due to the upcoming 180 pivot towards pro-crypto regulatory policy in the USA.
Yes, that’s also good for Dogecoin as its great for the Bitcoin and altcoin market outlook, lifting the likelihood that a new meme coin season emerges.
Rather, Dogecoin investors will be much more focused on the about-to-be-established new federal agency called the Department of Government Efficiency (D.O.G.E.).
The Elon Musk-led agency is expected to hold significant sway on Capitol Hill and is almost guaranteed to dominate the headlines in 2025.
That all but guarantees that Dogecoin, which the agency uses as its mascot, is set to retain a commanding share of meme coin market “mind share”.
If Bitcoin and alt markets rally hard in 2025, as many expect is likely, Dogecoin is all but guaranteed to perform well too.
The return of a new alt/meme season suggests that the Dogecoin price would be highly likely to retest its 2021 record highs in the $0.70s.
A rally up to $1 is also very likely. Think about it – a price of $1 would mean a Dogecoin market cap of roughly $144 billion.
That is not at all unthinkable given the overall meme coin market cap already reached up to $120 billion in late 2024, and that Bitcoin could reach a market cap of $3 trillion or more in 2025.
Dogecoin investors better start thinking bigger. Rather than just hoping for 3x gains from current levels, 10x gains to a price above $3 could be on the cards.
Better Alternative to Dogecoin?
Of course, some crypto degens looking to get rich quick will be hunting for even greater upside this bull market.
Those looking to find the next 100x project would do better by looking to get into newer, lesser known meme coins before they go viral rather than buying Dogecoin.
Of course, such coins are far riskier than Dogecoin, and investors shouldn’t invest more than they can afford to lose.
But the upside potential is also far greater. One such coin that the team at cryptonews.com are big fans of it called Meme Index (MEMEX).
This exciting new meme project is launching a new suite of new meme coin investment products that allow investors to gain broad exposure to the meme coin market.
Meme Index is introducing a variety of meme coin indices, and seeks to establish a new industry benchmark for meme coin investing, as S&P did with their S&P 500 index of major US stocks.
In fitting with the spirit of crypto, the meme coin indices will be governed by a decentralized community – MEMEX holders will be able to vote on what meme coins to include in the indices and what to avoid.
Unsurprisingly, innovative project Meme Index is creating a massive buzz, with its MEMEX presale having already raised close to $2 million.
For investors looking to gain exposure to one of 2025’s hottest and highest potential new projects, they should certainly learn more about this project, starting with its white paper.
MEMEX has already passed major audits and is available to purchase with ETH, USDT and via bank card.
