- Dogecoin slipped 1.2% on DOGE Day 2025 as cautious market sentiment and political controversy around Elon Musk weighed on momentum.
- Analysts warn of a potential dip to $0.142 unless buying pressure returns soon.
Dogecoin enthusiasts marked another April 20 — fondly known as DOGE Day — with memes, community spirit, and cautious optimism. However, unlike the explosive rallies of past years, 2025’s celebrations delivered a muted market response. DOGE dipped 1.2% on Sunday, closing around $0.159, as traders weighed the impact of dwindling hype and broader market uncertainty.
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DOGE Day, which gained popularity in 2021 as a meme-fueled movement to push Dogecoin to $1, has evolved into an annual tribute to the original “people’s crypto.” Yet, this year’s mood was decidedly less euphoric. With the overall crypto market moving sideways — and Bitcoin stuck near $83,000 — Dogecoin failed to break resistance at $0.17 despite midweek volume spikes.
Part of the skepticism stems from political drama surrounding Elon Musk. Once the face of DOGE enthusiasm, Musk is now drawing heat in his new role as head of the Department of Government Efficiency under the Trump administration. Backlash over controversial job cuts and trade tariffs has cast a shadow on Musk-linked assets, including Tesla and Dogecoin.
As Tesla stock slipped 4.15% last week, Dogecoin mirrored the trend, dropping over 12% from its local high of $0.17 earlier this month. Now, technical signals point to a possible dip to $0.142, especially as DOGE trades below key moving averages and shows weakening momentum on the RSI chart.
Still, some traders remain hopeful for a rebound — perhaps even a run toward the symbolic $0.20 mark — if sentiment improves in the coming weeks. But with DOGE now struggling to hold above the $0.1558 support, the bulls have their work cut out.
In short, DOGE Day 2025 didn’t light the rocket — but for long-term holders, the mission isn’t over just yet.
TL;DR: Dogecoin dipped on DOGE Day 2025 amid low hype, weak momentum, and political tension around Elon Musk. With resistance holding strong and bearish signals mounting, DOGE may test $0.142 before any shot at $0.20.
