DOGE booked a strong loss in 2025, shedding nearly 67% of its value as meme coins as a whole fell out of favor. However, one popular crypto trader just shared a bullish Dogecoin price prediction that sees the token bouncing strongly off a key area of support.
Matt Hughes, a trader whose X account is followed by more than 47,000 users, recently shared an interesting chart where he identified a high-reward/low-risk setup within Dogecoin’s weekly chart.
This trader envisions DOGE bouncing off a key trend line after five consecutive weeks of closing in red. Back in November 2024, the token rallied above $0.45 after hitting this support area as well.
By setting up a stop loss order below $0.11 while establishing an ambitious target at around $0.45, this gives traders a 4.5:1 risk-reward ratio if DOGE starts to recover as the year begins.
Historical patterns indicate that January has been a strong month for altcoins in previous years, meaning that meme coins could be getting ready to make a strong comeback.
Dogecoin Price Prediction: DOGE’s Volumes Rise as It Bounces Off $0.11
The daily DOGE chart shows that the selling pressure has been easing lately after DOGE declined below the $0.12 area.
The token has surged by 2.8% during today’s session, while trading volumes have gone up by 79% after briefly dropping below this key support.
These volumes account for 6% of the asset’s circulating market cap, indicating that buying pressure is rapidly rising. Is DOGE about to make a big move?
A move above $0.14 would confirm a bullish outlook for the top meme coin as it would invalidate its bearish price structure. This could set the stage for an explosive jump to $0.18 first, the 200-day EMA, and then to $0.27 in the near term.
As meme coins show signs of a comeback, a new presale is gaining traction fast.
Pepenode ($PEPENODE) has already raised millions for its mine-to-earn platform, where anyone can start mining meme coins without needing any hardware.
Pepenode ($PEPENODE) Lets Anyone Mine Meme Coins with Zero Hardware
Pepenode ($PEPENODE) is establishing a new paradigm by launching a fun game through which players can mine meme coins without needing to invest thousands of dollars in expensive equipment.
The game allows you to set up a virtual server and fire up as many rigs as you want by simply buying $PEPENODE.
Top miners on Pepenode will be eligible for airdrops of viral tokens like Pepe ($PEPE) and Fartcoin ($FARTCOIN), turning virtual mining into real meme coin rewards.
To keep the ecosystem balanced, the project will burn up to 70% of all $PEPENODE used on upgrades, creating constant deflation and stronger token scarcity over time.
With the game picking up steam and going viral across meme circles, demand for $PEPENODE is expected to skyrocket.
The presale closes in just 6 days, so there’s still time to get in early before the mining starts.
To join, visit the official Pepenode website and connect your wallet, such as Best Wallet.
You can swap USDT or ETH for $PEPENODE, or use a bank card to complete your purchase in just a few clicks.
Visit the Official Pepenode Website Here
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