Dogecoin Plummets 28% in 2025, Faces 8.9% Daily Decline

Dogecoin, the leading meme coin, has experienced a significant downturn in recent weeks, with its value dropping from a peak of $3.9 trillion in January 2025 to a current valuation of $2.81 trillion, marking a steep 28% decline. This sell-off has intensified, with the market losing another 5.84% in just the last 24 hours, signaling heightened volatility across the sector. Dogecoin has not been spared from this downturn, experiencing an 8.9% correction within the past day, raising concerns about whether further downside movement is ahead.

Despite the short-term bearishness, the broader medium-term and long-term outlook for Dogecoin remains optimistic. Many experts believe that Dogecoin could witness another dip to the $0.1 mark before rebounding strongly, creating a potential buy-the-dip opportunity for long-term investors. At the time of writing, Dogecoin is valued at $0.1742, with a market cap of $25 billion. However, it has faced significant headwinds, recording an 8.9% decline in the past 24 hours and a 24.2% dip over the past two weeks.

According to various trading signals, Dogecoin is currently in a ‘Sell’ zone on both daily and weekly timeframes, indicating a potential continuation of its downward trend. Analysts have projected that Dogecoin could slip further toward the $0.1 support level due to macro uncertainty, declining market momentum, and a lack of major catalysts in the near term. Despite this short-term weakness, many analysts maintain a bullish medium-term outlook. Experts forecast that Dogecoin could climb back to $0.3 within the next three months – a 76% surge from current levels. Historically, Dogecoin has demonstrated its ability to recover from downturns, with the token still up over 200,000% since its inception nearly a decade ago.

While Dogecoin may present an opportunity for significant returns in the future, it remains highly unpredictable. Investors looking to minimize risk while still capitalizing on the meme coin sector may consider diversifying into Meme Index, an innovative new project that promises a structured and decentralized approach to meme coin investing. Meme Index plans to launch the first-ever decentralized meme index,