Dogecoin Down 20% – But Some Think This Is When The Real Gains Start

[Ben Graham]

According to market figures, Dogecoin remains one of the largest cryptocurrencies by market value, carrying a market cap near $28 billion.

The token’s price has fallen sharply lately — about 20% in the last month and roughly 30% so far in 2025 — moves that have put traders and casual holders on edge.

Meme Coin Origins

Dogecoin started as a joke. Based on reports, its creators never set out to build a major payments system or a technical breakthrough.

That origin still matters. On-chain activity and payment volume for DOGE are lower than for many rivals, and that makes the token prone to sudden, often large swings. Quick rallies happen. Sudden drops do too.

Market Mood & Risk

A wider shift in the crypto market is also at work. Reports show meme tokens have lost favor this year. That pullback has pushed coins with weaker fundamentals into deeper declines. When markets turn cautious, speculative coins are usually hit hard.

Price Forecast & Sentiment

Despite the memecoin’s dismal performance of late, Dogecoin price prediction points to an increase of 13% and reach $ 0.21 by November 29, 2025. Based on technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 34 (Fear).

Still, some traders believe this downturn may be the point where the real gains begin, arguing that DOGE’s strongest rallies often follow periods of fear and steep declines.

Those numbers show mixed signals: the model expects gains over the coming month, while short-term indicators point to weak momentum and fear among traders. That split can lead to choppy trading, where prices move up for a few days and then fall again.

Community interest and media attention still move DOGE. Big social moments can lift prices quickly. They can also reverse direction just as fast.

That dynamic separates Dogecoin from projects that trade mainly on protocol upgrades or corporate deals. For many investors, headlines matter more than slow technical progress.

Foundational Moves

Based on reports, the Dogecoin Foundation has been pushing to build a more formal ecosystem. Plans and partnerships have been discussed. Whether those efforts will change how the market values DOGE is uncertain. Some proposals take months to show results. Others remain only ideas until wider adoption appears.

DOGE Optimism Still High

Dogecoin’s sharp slide this year reflects both its meme-coin roots and a market-wide move away from risky crypto assets. The key figures are plain: nearly $28 billion in market cap, a 20% drop in the past month, and 30% down for the year. Reports and models show a possible bounce to $ 0.2146 by November 29, but technical signals still read Bearish.

Even so, some market watchers think this could be the setup for the next big DOGE rally, arguing that major recoveries often begin when sentiment is at its weakest.

Featured image from Unsplash, chart from TradingView