Dogecoin is a leading memecoin, perhaps one of the most revered meme tokens to exist in the cryptocurrency space today. The token is currently sitting at a price mark of $0.22, stuck at the base, unable to break away from the aforementioned price range. That being said, Elon Musk has recently confirmed that the X money beta is in the queue to launch soon, revolutionizing the world of payments via X. The hype surrounding Dogecoin being a crucial part of X, if confirmed, can help the token surge to new highs. But is that the case? Where is Dogecoin truly headed? Let’s find out.
Also Read: $1000 in Dogecoin to $1 Million: Here’s A Detailed Timeline
Dogecoin Price Analysis: Where Is The Token Headed?
Dogecoin is currently sitting at the $0.22 price mark, hovering around the same price spot for a while now. The token is attracting significant activity irrespective of its recent price performance, showcasing how keen investors are when it comes to trading DOGE as a valuable asset.
Per Ali Martinez, a notable cryptocurrency expert, crypto whales have scooped up nearly 1 billion DOGE tokens in the last month, showing signs of solid trust in the token’s bankable energy.
“Whales have bought over 1 billion #Dogecoin $DOGE in the past month!”
Whales have bought over 1 billion #Dogecoin $DOGE in the past month! pic.twitter.com/VVzwO7yLnM
— Ali (@ali_charts) May 16, 2025
Per Ali, the token is building up courage and momentum to eventually cross the $0.22 mark. The expert stated that if Dogecoin manages to break the $0.23 price level, it can embrace a possible bullish pattern, catapulting it to the $0.26 price mark.
“If #Dogecoin $DOGE breaks above $0.239, it could open the door for a move toward $0.265. Momentum is building!”
If #Dogecoin $DOGE breaks above $0.239, it could open the door for a move toward $0.265. Momentum is building! pic.twitter.com/dcqPqpdCBS
— Ali (@ali_charts) May 21, 2025
At the same time, the news of X Money beta coming into the picture could also help DOGE explore new highs. Speculations on Musk adding DOGE on X Money have been running amok for ages. However, no confirmation of the same has yet been unveiled.
🚨 RUMOR ALERT 🚨
— CEO (@Investments_CEO) November 27, 2024
PAYMENTS ON X WILL INCLUDE $DOGE (Dogecoin) pic.twitter.com/PxhqP9vstY
Also Read: Dogecoin: 215% Increase Could Be On The Cards For DOGE
The Tokens’ June Trajectory
Per CoinCodex, DOGE may trade at a modest price spot of $0.21 by June 1, 2025.
By the end of June, Dogecoin may trade at a new price spot of $0.25, surging 18% in the process.
“According to our current Dogecoin price prediction. The price of Dogecoin is predicted to rise by 17.26% and reach $ 0.258032 by June 26, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 73 (greed). Dogecoin recorded 15/30 (50%) green days with 12.43% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
Also Read: How High Will Dogecoin (DOGE) Surge Before The End Of Q2, 2025?