On January 21, 2025, Dogecoin (DOGE) experienced an 11% surge, pushing its price to $0.38 as investors anticipate pro-crypto policies with President-elect Donald Trump assuming office. This bullish sentiment has led analysts to predict a potential price target of $15 if DOGE maintains its upward trajectory within a multi-year ascending parallel channel.
Currently, DOGE faces critical resistance at $0.43, which is essential for sustaining momentum. A breakthrough above $0.48 could trigger a larger rally, while failure to reclaim these levels may lead to consolidation and a drop below $0.34. As volatility remains high, traders are closely monitoring DOGE's ability to hold key support levels while targeting resistance zones.