Dogecoin price last reached its peak of $0.73 in 2021. Since then, declining hype and fading market interest have weighed on the meme coin. Moreover, recent macroeconomic factors such as a looming trade war have affected the demand for risk assets, with investors now wondering whether the Dogecoin price could hit its peak again in 2025. In this article, we explore why DOGE is likely to reach an ATH despite the current gloomy sentiment.
DOGE price today trades at $0.199 after a 6.4% gain in 24 hours.
Dogecoin Price in Focus Amid Potential Adoption and Institutional Interest
Dogecoin price last reached its all-time high of $0.73 in May 2021. The surge at the time was driven largely by Elon Musk endorsements and social media hype. If Musk were to revive Dogecoin’s popularity with a major move like integrating DOGE payments on X, the meme coin could replicate its 2021 rally.
Recent speculation suggests Musk might explore DOGE payments. Cardano founder Charles Hoskinson has teased his interest in helping Musk integrate DOGE payments and suggested that the Dogecoin blockchain can be improved to power the Grok 3 AI model. If this were to happen, Dogecoin price could hit its peak of $0.73 in 2025.
Another catalyst that could drive gains for Dogecoin price is institutional interest. In late January, Grayscale launched the Dogecoin Trust, which pushed Dogecoin’s legitimacy in traditional finance. This product already has $1.8M in assets under management.
Additionally, the SEC has until October 2025 to decide on Grayscale’s application for a spot Dogecoin ETF. If approved, this ETF could fuel a bullish Dogecoin price prediction and potentially fuel a rally to its all-time high.
DOGE Price Analysis – Will DOGE Hit an ATH in 2025?
Dogecoin has a bullish outlook on its weekly chart after forming a cup and handle pattern. This pattern indicates a potential breakout to the upside.
If the momentum in the broader market were to shift and the Dogecoin price resumes its bullish trajectory, it needs to flip resistance at $0.28. Doing so would trigger a rally to resistance at $0.54, which could place Dogecoin on the path toward its peak level of $0.73.
The Awesome Oscillator is falling, showing that the bearish momentum is growing weak, which may trigger a bullish price reversal. The ADX is also tipping south, suggesting that the bearish momentum in the cup’s handle is weakening, which may spark a reversal to the upside.
This bullish technical outlook and catalysts such as institutional adoption and potential DOGE payments on X may lead to Dogecoin price reaching its peak in 2025. However, for DOGE to make a rally to a record high in the near term, there needs to be a surge in buying activity.