Why is Dogecoin Down Today? A Big Parabolic DOGE Rally Next?
Key takeaways:
- Dogecoin continues its downtrend today, but various analysts and investors expect a parabolic rally for DOGE.
- Doge exhibits similar behaviour to the 2021 charts, primarily due to the involvement of Elon Musk.
- Elon Musk’s integration of Dogecoin in SpaceX’s lunar mission is expected to act as a major catalyst for the rally.
- Meanwhile, the chart-based price prediction indicates a slower growth for Doge in the coming months.
Despite the budding hype around social media, Dogecoin continues its downtrend today, witnessing a 9% plunge this week. DOGE is more than 80% down from its all-time high of $0.7376 it achieved 5 years ago, but several indicators suggest a reversal soon. Let’s take a closer look.
Why is Dogecoin Down Today?
Dogecoin’s downtrend is primarily due to the market-wide correction in which the entire crypto market fell from $3.15 trillion to $2.89 trillion. The technicals are weak, with the 7-day, 25-day, and 99-day Exponential Moving Averages showing a bearish alignment. The on-chain data shows that whale activity has significantly declined to its lowest level in the past 60 days.
Can Dogecoin Exhibit a Parabolic Upward Movement Next? Detailed Analysis Says Yes
While the technical analysis points towards a bearish scenario for Doge, the memecoin identity of it and the unexpected volatility in the overall crypto market suggest that the coin has a chance to experience a sudden bull run. Similar to the 2021 surge, it has the potential to exhibit a parabolic rally soon. However, it needs multiple catalysts to make it practical. Let’s take a closer look.
Elon Musk has recently signalled by replying to a tweet that he will likely restart the 2021 Dogecoin hype. When a handle named DogeDesigner posted an old screenshot of Musk’s post about SpaceX planning to put Dogecoin on the literal moon, he replied that ‘it’s time’. However, this November 3rd tweet failed to make a significant impact on Doge’s charts. But, if Musk restarts the plan and completes the mission to use Doge as a currency for lunar voyage, we will definitely witness an exponential growth for Doge, probably making it cross $1 mark.
If Elon Musk embraces Doge again, the social media hype will follow, attracting new investors to the coin. At present, Doge has lost community participation due to the arrival of various memecoins on the market. Also, the mainstream exposure is low, and the social media hype is diminishing.
Dogecoin Price Prediction: December 2025 to December 2026
The price prediction based on technical analysis suggests that DOGE could surge to a maximum value of $0.3073 by July 2026. However, traders should keep in mind that Doge has previously experienced significant parabolic movements, as stated above, completely contradicting the technical analysis-based predictions.
| Month | Min. Price | Avg. Price | Max. Price | Change |
|---|---|---|---|---|
| Dec 2025 | $ 0.1311 | $ 0.1483 | $ 0.1737 | 28.83% |
| Jan 2026 | $ 0.1446 | $ 0.1557 | $ 0.1646 | 22.04% |
| Feb 2026 | $ 0.1467 | $ 0.1598 | $ 0.1679 | 24.49% |
| Mar 2026 | $ 0.1594 | $ 0.1701 | $ 0.1933 | 43.33% |
| Apr 2026 | $ 0.1431 | $ 0.1498 | $ 0.1620 | 20.12% |
| May 2026 | $ 0.1386 | $ 0.1447 | $ 0.1531 | 13.51% |
| Jun 2026 | $ 0.1401 | $ 0.1448 | $ 0.1531 | 13.55% |
| Jul 2026 | $ 0.1406 | $ 0.2156 | $ 0.3073 | 127.87% |
| Aug 2026 | $ 0.1768 | $ 0.1986 | $ 0.2624 | 94.55% |
| Sep 2026 | $ 0.2056 | $ 0.2244 | $ 0.2392 | 77.40% |
| Oct 2026 | $ 0.1625 | $ 0.1771 | $ 0.2088 | 54.83% |
| Nov 2026 | $ 0.1667 | $ 0.1809 | $ 0.2005 | 48.65% |
| Dec 2026 | $ 0.1907 | $ 0.2058 | $ 0.2168 | 60.78% |
Disclaimer: This DOGE price forecast is based on predictive modelling and should not be considered financial advice.
The Bottom Line: A Big Rally for Doge Next?
If social media hype, community support, and the involvement of key opinion leaders like Elon Musk increase, Dogecoin will experience a big rally soon. However, a reversal is also possible because the assets in the memecoin niche tend to exhibit unexpected price movements in charts. If you plan to invest, try to do maximum research before finalizing the entry point for Dogecoin.
Also Read: BitMine Buys $70M ETH While Tom Lee Revises Bitcoin Prediction
Crypto & Blockchain Expert