Dogecoin Price Prediction – Why DOGE Could Rally to $0.20

Highlights:

• Dogecoin is trading at the $0.178 resistance level
• A breach of the $0.178 resistance could push DOGE to $0.20 or higher
• A confluence of positive factors could help drive DOGE higher 

Dogecoin is in the green today, reflecting the bullish sentiment across the market. It is trading at $0.17, reflecting a 3.35% increase over the past 24 hours. For the first time in weeks, trading volume was up 63%, amounting to $769 million. The surge in price can be partially attributed to Bitcoin’s intra-day rally, which has rallied to $87k in the day. 

Compared to the other altcoins, Dogecoin’s price movements are more reactive to the internal order flow. This is true for macroeconomic factors and technical patterns on the price charts. Uncertain regulatory frameworks, geopolitical tensions, and overarching concerns about the global economy continue to plague the crypto market.

So, traders are watching closely whether Dogecoin’s recent price movements symbolize a more profound shift in price trend or are just a short-term correction. Besides Bitcoin’s influence, several other factors could push Dogecoin higher in the short term. 

Whales Increasingly Taking Up Dogecoin

Deep-pocket investors are growing interested in Dogecoin. According to crypto expert Ali Martinez, whales have purchased over 120 million DOGE in the last seven days alone. This is a big deal as big price moves tend to precede whale activity. 

#Dogecoin whales bought another 120 million $Doge in a single week.

Equivalent to $22m. pic.twitter.com/SlRX9JsVgR

— dogegod (@_dogegod_) March 23, 2025

Open House Group Increases Adoption by Accepting DOGE Payments

Besides speculative investments, Dogecoin is being significantly adopted in the Real World. A Tokyo Stock Exchange-listed real estate firm, Open House Group, has added Dogecoin as one of the cryptocurrency payment options for its products and services, along with XRP and Solana (SOL). The firm now accepts five digital currencies, including Bitcoin (BTC) and Ethereum (ETH).

OPEN HOUSE GROUP NOW ACCEPTS $XRP, $SOL, AND $DOGE FOR REAL ESTATE PURCHASES 🏡

Japanese-listed real estate giant Open House Group has expanded its crypto payment options to include $XRP, $SOL, and $DOGE, enabling international buyers to purchase properties with these digital… pic.twitter.com/y4HEOZSmp8

— Cult of Blockchain (@BlockchainCult) March 22, 2025

With a ranking as Japan’s fifth-largest real estate company by revenue, Open House will strengthen the use of cryptocurrencies for high-value transactions. The company’s portal, “Open House Global,” now enables the purchase of international property through crypto-digital currencies and supports multiple languages to serve its global clientele. This initiative demonstrates the need to adopt cryptocurrencies and integrate them into traditional finance infrastructure and also motivates other businesses to innovate and expand.

Analysts Remain Split on Dogecoin’s Possible Breakout

While some analysts do not see a Dogecoin breakout happening soon, others are increasingly bullish. EliteFxAcademy_CRYPTO, a TradingView expert, mentions that DOGE is consolidating at this point, bound between critical support and resistance levels.

The price may increase significantly if a breakout at $0.18 is achieved and moves towards further targets of $0.20. At the same time, there is the risk of a false breakout when the price surges briefly above the resistance and then sharply pulls back.

Technical Analysis – DOGE Headed Towards Weekly High

Dogecoin is currently headed higher and is trending towards a weekly higher of $0.178. If bulls push Dogecoin through the $0.178 resistance, then a rally to $0.20 in the short term. 

On the other hand, if Dogecoin bulls fail at the $0.178 resistance, then a correction back to $0.15 could follow. A rally through the $0.178 resistance is more likely in these two scenarios. That’s because of the rising bullish momentum across the market, which could help push memecoins like Dogecoin higher. 

Recap

Several factors currently influence Dogecoin’s price action, making it a critical moment for the top memecoin. Multiple factors such as whale accumulation, adoption in Japan, and analyst projections for a bullish breakout could see investors start to FOMO into Dogecoin. If there is a Dogecoin breakout, and the broader market sustains its ongoing momentum, then Dogecoin could be headed to prices as high as $0.20 in the short term.