Dogecoin Price Predictions

Dogecoin price could kick off the week on a bullish leg amid its recent surge in sentiment.

So far, multiple signs indicate a high possibility of a demand surge in the next few days. One of those signals was Dogecoin’s price position, especially on the weekly chart.

The meme coin just concluded another week of moving around a key Fibonacci level based on the bottom and top of its Q4 rally. For context, Dogecoin dipped into the 0.5 and 0.618 Fibonacci zone at the end of January. This has restricted Dogecoin price within the $0.235 and $0.282 price range. The meme coin exchanged hands at $0.241 at press time.


The fact that price has been bearish but still managed to hold the bottom range of the Fibonacci pattern suggests that there is strong support, especially because Dogecoin has already retested the bottom of the Fibonacci range.

Dogecoin Tops List of Meme Coins by Market Sentiment

Another significant reason why Dogecoin could be about to experience another exciting week is the favorable social sentiment. According to LunarCrush, Dogecoin had the highest social sentiment in the last 24 hours.

The surge in social sentiment indicates that the market is starting to pay attention to DOGE, especially at a time when it has been discounted by roughly 50%. One reason for the uptick in social activity around Dogecoin is the prospects of it being integrated into X payment.

Is Dogecoin Demand Making a Comeback?

A Dogecoin price uptick this new week would require a substantial wave of liquidity. On-chain data has revealed some interesting observations regarding DOGE’s demand profile. In the derivatives segment, options volume was down by over 58% in the last 24 hours. However, open interest was up 15.12% during the same period.

The divergent options volume and open interest usually indicate declining trading activity and a surge in new positions, potentially signaling a sentiment shift from bearish to bullish, considering that Dogecoin price action has been mostly bearish since December.

The bearish sentiment has dominated the spot segment too, but recent observations highlight a considerable decline in sell pressure. To put things into perspective, spot outflows in the last 24 hours amounted to $5.05 million. The highest single-day spot outflows observed by Coinglass in 2025 was $166.99 million on January 19.


It is also worth noting that there was no observed spike in DOGE spot inflows, suggesting that investors remain cautious, coupled with weak demand and hence it struggles to recover significantly. The weak demand situation implies DOGE bears still have an opportunity to regain dominance if it fails to generate strong demand.

Meanwhile, the Bitcoin fear and greed index recently bounced back to 50 after previously dipping into fear territory. This recovery to a neutral zone signals improving market sentiment that could pave the way for a demand recovery.