Dogecoin (DOGE) is enjoying quite a resurgence as it reclaims the $0.10 mark once again. According to CoinGecko data, DOGE’s price has surged 8.9% in the last 24 hours, 1.6% in the last week, and 9.2% in the 14-day charts. However, the popular memecoin is still down by 18.1% over the previous month and 52.7% since late February 2025. Let’s discuss why Dogecoin’s (DOGE) price rally may face another correction.
Why Dogecoin’s Price Rally May Face A Rejection
Dogecoin (DOGE) climbed to $0.105 earlier today but has since fallen to $0.1003. The asset had previously tested this price range earlier this month, climbing to $0.11 before facing a correction. A similar pattern could emerge once again.
The crypto market is still weak as investors continue their risk-off approach. Dogecoin (DOGE), being a memecoin, carries some of the highest risks in the market. Investors are unlikely to park their funds in memecoin projects, given the larger bearish market environment. The latest rally is likely due to people buying the dip, but the same investors may exit their positions and book profits.
CoinCodex analysts anticipate Dogecoin (DOGE) to continue its price rally over the next month, before dipping once again. The platform predicts DOGE will hit $0.1282 on March 20, 2026. Hitting $0.1282 from current price levels will entail a rally of about 27.8%. However, CoinCodex anticipates Dogecoin (DOGE) to slide to $0.10 by mid-April 2026.
Also Read: Dogecoin Accumulation Mirrors 2021 Setup, Musk Is Part of It
The current prices could be a good entry point for new investors. Dogecoin (DOGE) is expected to break out once the crypto market is out of the woods. Popular DOGE fan, Elon Musk, said that he intends to put an actual Dogecoin on the moon in 2027. The move could lead to a massive price surge for the memecoin.
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