After a spectacular rally in late 2024, fueled by renewed crypto enthusiasm and political tailwinds, Dogecoin (DOGE) has struggled to maintain momentum.
The meme coin, which ended last year at $0.3135, marking a 252.04% annual gain, has since lost 29% in the past month, catching traders off guard.
At press time, DOGE is trading at $0.256, with a year-to-date loss of 19%. However, the meme coin is showing signs of recovery, gaining 0.5% in the past 24 hours. Despite this modest rebound, concerns remain over its ability to reclaim previous highs, particularly as it struggles to hold key support levels.
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Interestingly even the reports of Bitwise filing for the first-ever physically backed Dogecoin ETF have failed to generate significant momentum, with the market showing a muted response.
Finbold AI predicts DOGE price target for March 1
With volatility persisting, Finbold consulted its very own artificial intelligence (AI) price prediction tool to gauge how the meme cryptocurrency will perform in March.
Factoring in technical indicators and recent price action, the model projects an average DOGE price of $0.268, with a 4.87% increase from the time of prediction at $0.256.
However, AI models diverge sharply on Dogecoin’s potential movement. The most bullish forecast, generated by Gemini 1.5, anticipates a 21.31% surge, pushing DOGE as high as $0.310 in the coming days.
On the bearish end, DeepSeek Chat presents a more cautious outlook, predicting a 2.17% decline, which could see Dogecoin retreat to $0.251—a scenario likely driven by potential market corrections or weakening buying momentum.
Analysts’ take on DOGE price
Technical analysis is also showing signs of a rebound. The meme coin is forming a symmetrical triangle on the one-hour chart, a pattern that typically precedes a breakout, according to analyst Trader Tardigrade.
The key resistance levels to watch are $0.260 and $0.270, while major support sits at $0.244 and $0.238. A breakout above $0.260 could trigger strong upward momentum, while a drop below $0.244 could expose DOGE to further downside pressure.
Adding to the bullish case, Ali Martinez observed that whales had purchased 110 million DOGE in the last 48 hours, suggesting growing confidence among large investors.
With that being said, analysts are generally bullish on DOGE and believe that the asset has more room to grow. If alt season finally kicks in, it is well-positioned to receive a huge influx of capital that could push the asset to previous highs and beyond.
Featured image via Shutterstock
