Dogecoin (DOGE) has deviated from its historical bullish patterns in 2025, raising concerns about its short-term price trajectory. The popular meme coin started the year with underwhelming performance, marking a significant departure from previous bull cycles.
Current Market Performance
DOGE recorded a modest 4% gain in January 2025. February has seen a steeper decline, with losses reaching 20%. The coin currently trades at $0.26, showing a 3% decline in 24 hours.
Historical Context
The current price action differs notably from the 2021 bull run. During that period, DOGE achieved:
- January 2021: 711% gain
- February 2021: 26% gain
- March 2021: 11% gain
- April 2021: 546% gain
Technical Analysis
Key technical indicators suggest continued bearish pressure:
- A death cross between MVRV and 200-day MA
- Formation of lower lows and lower highs
- Critical resistance level at $0.27
Historical Perspective from 2017
The 2017 bull run offers a potential parallel. DOGE started that year with losses but recovered strongly:
- January-February 2017: Initial losses of 7% and 2%
- March-May 2017: Gains of 59%, 124%, and 256%
Market Implications
The current price action suggests a possible shift in market dynamics. Traders should watch the $0.27 resistance level closely. A breakthrough could signal a trend reversal.
Tags: #Dogecoin #CryptoTrading #MemeCoins #TechnicalAnalysis #CryptoMarkets
Source: Bitcoinist