Why Dogecoin Price Is Dropping? Latest DOGE News and Price Prediction for March 2025

Dogecoin (DOGE), the beloved meme coin that started as an internet meme, has been a rollercoaster for investors since its inception in 2013. As we approach the end of the first quarter of 2025, many are asking: why is Dogecoin dropping?

With its current price hovering around $0.1683 as of March 18, 2025, according to Watcher Guru, and a notable decline from its November 2024 peak of $0.47, understanding the reasons behind these price drops is crucial for anyone considering Dogecoin as part of their cryptocurrency portfolio.

This article dives deep into the latest Dogecoin news, price action, technical analysis, and forecasts to explain why the Dogecoin price is falling and what might lie ahead for DOGE in 2025, 2030, and beyond.

Understanding Dogecoin Price Drops: A Snapshot of 2024 and Early 2025

Dogecoin’s price history has been marked by extreme volatility, often driven by social media platforms like X (former Twitter) and Reddit, celebrity endorsements—most notably from Elon Musk—and broader cryptocurrency market trends.

As of March 18, 2025, Dogecoin sits at $0.1683, down 4.28% in the past 24 hours and 16% over the last seven days, according to CoinMarketCap.

This decline follows a remarkable bull run in late 2024, spurred by the U.S. election and Trump-related hype, pushing DOGE to $0.47 in November 2024. However, the price crashed by 55% from that peak, reflecting a bearish shift in sentiment and selling pressure from investors and miners alike.

The cryptocurrency market in 2025 has been a mixed bag, with Bitcoin—the benchmark for major altcoins like Dogecoin—experiencing its own struggles, dropping 12.71% in Q1 2025 to $84,100.

Given Dogecoin’s 96% correlation with Bitcoi, it’s no surprise that DOGE has followed suit, struggling to maintain key support levels like $0.16. Analysts point to a combination of macroeconomic impacts, miner sell-offs, and fading hype as primary drivers of this downturn. Let’s break down these factors and explore what the latest news says about Dogecoin’s future.

"DOGE, as a typical meme coin, is largely driven by sentiment—arguably influenced most significantly by one of the largest sentiment drivers in the modern digital world, Elon Musk. Recently, negative sentiment surrounding Musk's engagement with DOGE has been reflected not only in the coin’s price but also in Tesla’s stock performance (not to suggest Tesla is a meme coin)," Aran Hawker, CEO at CoinPanel commented for Finance Magnates.

Why Is Dogecoin Price Dropping? Key Reasons Explained

Crypto Market Trends and Bitcoin’s Influence

The crypto market has been in a correction phase in early 2025, with Bitcoin’s sluggish performance dragging altcoins and memecoins down. Dogecoin, a fork of LuckyCoin (itself a fork of Litecoin, which stems from Bitcoin), mirrors Bitcoin’s price movements closely.

As Bitcoin struggles below $80,000, Dogecoin faces similar bearish pressure, with its market cap dropping to $23-30 billion. This correlation highlights how Dogecoin’s price stability is tied to broader cryptocurrency trends, making it vulnerable when Bitcoin falters.

Selling Pressure from Miners and Whales

Recent data shows significant selling pressure from Dogecoin miners, who offloaded 65 million DOGE in a 48-hour period. This move has flooded the market, pushing the price toward a critical support zone around $0.144-$0.175.

Meanwhile, whale activity offers a mixed signal: while some whales have accumulated 1.4 billion DOGE, suggesting bullish intent, the miner sell-offs outweigh this optimism in the short term, contributing to the decline.

Macroeconomic Impacts and Trump Policies

Macroeconomic factors, including Trump’s tariff proposals and inflation fears, are spooking investors across digital assets. As reported by Bankless Times, a “tariff tantrum” could delay Dogecoin’s recovery unless retail investors buy the dip. These policies, combined with a risk-off sentiment in the market, have dampened enthusiasm for speculative tokens like Dogecoin, which lacks the utility of some major altcoins.

"With figures like Trump and Musk capable of influencing sentiment-driven markets with a single statement—positive or negative—such volatility could, in theory, be leveraged to manage massive financial challenges, such as the $35T debt," added Hawker.

Fading Hype and Sentiment Shift

Elon Musk, Tesla’s CEO and a long-time DOGE booster, has historically driven Dogecoin’s price through tweets and endorsements. However, his influence appears to be waning, with sentiment dropping to a yearly low of -0.935. The memecoin market, including rivals like Shiba Inu and Pepe, has also seen reduced hype, with Dogecoin’s community support unable to counteract broader FUD (fear, uncertainty, doubt).

Dogecoin Technical Analysis: Bearish Indicators

Technical indicators paint a grim picture. Dogecoin has fallen below its 200-day moving average, with the Relative Strength Index (RSI) signaling overbought conditions earlier in 2025 followed by a sharp correction.

Analysts like Ali Martinez note a breakdown below $0.17 support, with the next key support at $0.16 holding—for now. If this level fails, DOGE could see further price drops to $0.125.

#Dogecoin $DOGE at the edge, facing a big test. Will it break out or stand firm? pic.twitter.com/g3T5lPi5kD

— Ali (@ali_charts) March 17, 2025

What does technical analysis tell us at this moment? From my analysis of the DOGE/USDT chart, it appears that buyers are facing significant resistance. Dogecoin is currently testing lows not seen in over four months, with support in March provided by the July 2024 peak levels around $0.1441. For DOGE to consider a return to higher levels, it would need to overcome a significant resistance drawn at the $0.20 mark, defined by the lows from the first part of February.

"Interestingly, DOGE is performing comparably to other assets and even outperforming others. A price comparison from November 1st to todayshows that DOGE is holding strong, with an upward slope indicating profitability for early November buyers," explained Hawker. "In contrast, SOL and ETH are trending downward. Ultimately, price perception depends on the chosen timeframe, and from a broader perspective, DOGE remains relatively stable."

Latest Dogecoin News: What’s Happening in March 2025?

Dogecoin ETF Speculation

A potential game-changer looms on the horizon: Dogecoin ETFs. The SEC is reviewing applications from Grayscale and Bitwise, with a decision possibly by late 2025 (CoinGape). Analysts estimate a 70% approval chance, and if DOGE captures 25-40% of Bitcoin ETF inflows, its price could soar to $7.1 (The Crypto Basic). This news has kept some investors hopeful despite the current decline.

Network Activity and Adoption Metrics

On-chain data shows a surge in active addresses to over 350,000, hinting at whale stacking or growing adoption. However, real-world use remains limited, with only 2,025 businesses accepting DOGE. This gap between network activity and practical utility underscores Dogecoin’s reliance on speculation over fundamentals.

Analyst Forecasts and Price Predictions

Analysts offer a wide range of predictions:

• Short-Term (March 20, 2025): CoinCodex forecasts a 131% surge to $0.3904.
• End of 2025: Crypto Daily predicts an average of $0.825, with a minimum price of $0.156 and a maximum price of $0.857.
• 2030: Benzinga sees a potential high of $3.03, though Changelly is more conservative at $1.14.

These forecasts hinge on factors like ETF approval, Musk’s next move, and crypto market recovery.

Dogecoin Price Prediction: What to Expect in 2025 and Beyond

Dogecoin Price Forecast for 2025

For 2025, Dogecoin’s price prediction varies widely. Analysts expect a minimum price of $0.156 and a maximum price of $0.825 by December 2025 (Crypto Daily). The memecoin could reach $0.30 by mid-year if bullish momentum returns, driven by ETF news or a Bitcoin rally. However, without significant adoption or innovation, DOGE might stagnate around $0.20-$0.27 (Bankless Times).

DOGE Long-Term Outlook: 2030 and Beyond

Looking to 2030, Dogecoin’s future price depends on its ability to evolve beyond its meme status. Optimistic forecasts from Benzinga suggest $3.03, while Ali Martinez’s audacious $20 prediction relies on a multi-year ascending triangle breakout (The Crypto Basic). More conservative estimates peg DOGE at $1.14-$1.50 (Changelly), assuming steady growth in the cryptocurrency market.

You may also like: Will Dogecoin Reach $1? DOGE Latest Price Surge and 2024–2025 Predictions

What Investors Need to Know About Dogecoin’s Next Move

For investors, Dogecoin’s volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term is both a risk and an opportunity. The price of Dogecoin today reflects a bearish market, but its potential price in 2025 and beyond could shift with the right catalysts. Conduct your own research before making any investment decisions, as the information provided in this article does not make any warranties about completeness or accuracy.

Monitor technical indicators like RSI and support levels, stay updated via platforms like CoinMarketCap and X, and trade on trusted exchanges like Binance, Coinbase, or Robinhood.

Among the top memecoins, Dogecoin remains a standout, but its price movements in 2023, 2024, and early 2025 show it’s not immune to the crypto market’s ups and downs.

Final Thoughts: Will Dogecoin Recover or Fade?

Dogecoin’s price drops in March 2025 stem from a perfect storm of miner sell-offs, macroeconomic pressures, and a cooling memecoin market. Yet, with ETF speculation, whale activity, and its loyal community—bolstered by founders Billy Markus and Jackson Palmer—Dogecoin might still have room to grow.

Whether it reaches $0.30, $1, or beyond by the end of 2025 depends on the crypto market, blockchain upgrades, and whether Elon Musk reignites the hype. For now, DOGE’s price stability hangs in the balance, making it a token to watch closely as we move through 2024 into 2025 and beyond. What do you expect Dogecoin to do next? Share your thoughts below!

FAQ: Common Questions About Dogecoin’s Price and Future

What might the Doge price be in the last 24 hours?

At the time of writing on March 18, 2025, at 11:23 AM CET, the Doge price is approximately $0.1683, down 4.28% in the last 24 hours according to recent updates. This reflects the volatility typical among cryptocurrencies, with Dogecoin using market sentiment and trading activity to dictate short-term shifts.

What are the Dogecoin price predictions for 2025, including minimum and maximum prices?

Price predictions for 2025 vary widely. Analysts suggest the Doge price might range from a minimum of $0.156 to a maximum of $0.825 by the end of 2025, with an average around $0.403. Dogecoin could even reach a maximum of $1.45 in an optimistic scenario if catalysts like ETF approval occur, though accuracy of this information depends on market conditions.

Could Dogecoin reach $0.30 in 2025?

Yes, Dogecoin could hit $0.30 by mid-2025 if bullish momentum returns, driven by factors like a Bitcoin rally or renewed hype. The Doge price prediction for this level hinges on breaking key resistance levels and sustaining the Dogecoin price action seen in past bull runs among cryptocurrencies.

Is Dogecoin a fork of Bitcoin, and does that affect its price?

Technically, Dogecoin isn’t a direct fork of Bitcoin but stems from LuckyCoin, which forked from Litecoin, itself a fork of Bitcoin. This lineage influences its mining and supply mechanics, impacting how Dogecoin might behave as a currency in the crypto market, though its price is more sentiment-driven than tech-specific.

How does Dogecoin using its community affect its value as a currency?

Dogecoin relies heavily on its community for hype and adoption, distinguishing it among cryptocurrencies. While this boosts its appeal as a memecoin, limited real-world use (only 2,025 businesses accept it) means Dogecoin for 2025 and beyond may struggle to establish itself as a stable currency without broader merchant uptake.

What steps are needed in order to continue tracking Dogecoin’s price?

In order to continue monitoring Dogecoin’s trajectory, investors should use platforms like CoinMarketCap or Binance for real-time Doge price updates, follow X posts for sentiment, and conduct their own research to verify the accuracy of this information amidst the volatile memecoin market.