Dogecoin’s $4 Target: Will Support at $0.24 Spark a 1250% Rally?
Author:Edited by:Published on: 24 Feb 2025, 5:13 amKey Insights:Dogecoin charts have seen an unprecedented selloff that crashed it 50% from $0.48 to $0.24.At press time its price took support at $0.24.Experts indicate that as long as DOGE doesn't break the $0.16 level, it could still see $4 arriving in 2025.Dogecoin and other memecoins have been seeing greater correction than other cryptocurrencies due to the possible end of the memecoin supercycle.In February 2025, the crypto markets saw a unique correction wherein the lack of liquidity in the markets caused an intense correction in altcoins. As a result, low-utility cryptocurrencies saw an intense crash. In the same correction, DOGE crashed 50%, falling from $0.48 to $0.24.Dogecoin Price History Since 2021 With Present Support and ResistancesTradingviewAt present, Dogecoin has taken support at $0.24 price zone. What creates more FUD around DOGE is that other memecoins have been correcting even now when other altcoins have stabilized. Shiba Inu fell to $0.000015, and Bonk fell from $0.000053 to $0.000015, crashing around 67% and 72%, respectively. Other memecoins like Melania and Trump have dipped around 90% of their launch value.With no signs of recovery in the markets until the arrival of US crypto regulations in mid-2025 or the DOGE ETF, the markets fear uncertainty. Even if the DOGE ETFs are launched in Q1 of 2025, the markets could only see a rally in Dogecoin and not others.Expert Eye $4 Targets Arriving in 2025Top crypto analyst and vocal DOGE supporter Ali Martinez presented a chart that showed that as long as DOGE remains above the $0.16 to $0.19 price zone, it is still in the bull market. The expert expects $4 targets to arrive in 2025, around 1250% higher than current levels.Ali had previously shown that DOGE repeated a unique super bullish price pattern every 4 years. This pattern caused a super rally in 2017 and 2021. In 2021, DOGE saw a growth of 36000% and 8650%, respectively. In 2017-18 DOGE grew from $0.0002 to $0.0175, while in the next rally in 2020-21 it grew from $0.002 to $0.74, which is still its ATH.In both rallies DOGE had shown a peculiar pattern wherein it first showed a small rally followed by a correction and then resuming the rally into a much more intense phase.End of Memecoin Supercycle?In 2024, memecoins saw an explosion in price, with the leading cryptos like DOGE and SHIB gaining in three digits. DOGE rose from $0.06 to $0.48, while Shiba Inu saw growth from $0.000008 to $0.000045. Solana memecoins saw an even more intense growth story. Top Solana memecoins like Bonk, Popcat, and Fartcoin saw several thousand percent rallies.This instant success attracted other creators and even celebrities to launch their own memecoins, which started mostly as genuine projects like $TRUMP, $MOTHER, $IGGY, and others. However, as the markets began to ripe, scammers found their way in, and we saw the launch of coins like $LIBRA which were created just to rug pull them. Even top statesmen like Javier Milei got embarrassed as their promoted memecoins like Libra got rug pulled.Now, as people began to avoid new memecoins, the markets showed greater correction in them than others. If this trend continues, we could see the possible end of memecoin supercycle in Q1 of 2025.At this point, the only hope that memecoins have is the upcoming crypto regulations which could set a global narrative in their favour.Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.