Dogecoin is back in the spotlight this week, surging over 6% amid renewed investor confidence, fresh technical signals, and a surprise truce between two high-profile figures—Elon Musk and U.S. President Donald Trump.
The rally follows Musk’s public apology for his harsh comments toward Trump, marking a significant turnaround after nearly a week of online hostility. The billionaire entrepreneur admitted he “went too far” in his remarks, a move that appears to have reassured markets and reignited interest in Dogecoin.
Musk’s Apology Shifts Sentiment in Dogecoin’s Favor
The Dogecoin network witnessed renewed optimism after Elon Musk softened his tone toward President Trump following a bitter six-day online clash. The billionaire, who had previously slammed Trump’s bipartisan spending bill as “a disgusting abomination,” took to X to offer a rare mea culpa.
“I regret some of my posts about President Donald Trump last week. They went too far,” Musk admitted on Wednesday morning.
Elon Musk publicly expressed regret for his recent comments about President Donald Trump, admitting they went too far. Source: Elon Musk via X
The fallout from the feud had briefly overshadowed broader market developments. However, Musk’s reconciliation with Trump — a political figure closely tied to Dogecoin’s meme-driven surges — appears to have rekindled bullish sentiment around DOGE.
According to CoinMarketCap, Dogecoin rose by over 6.6% within 24 hours, reaching $0.2029, with its market capitalization swelling to $30.37 billion. This DOGE price move was also backed by a 24% spike in trading volume, indicating renewed interest from retail and institutional Dogecoin investors alike.
Dogecoin Prediction: V-Shaped Rebound Points to Strength
The latest Dogecoin price analysis indicates that the token has formed a classic V-shaped recovery from the $0.18 support zone. The rally is attracting attention not only due to Musk’s involvement but also because of growing speculation around a potential Dogecoin ETF.
“DOGE’s resilience through the recent political drama highlights how sentiment and community engagement continue to define its price action,” noted Shaurya Malwa from CoinDesk Markets.
Despite current hesitation, a bullish forecast suggests Dogecoin could rally to $0.90 by next month. Source: kaypeesbusiso10 on TradingView
Technical indicators support this momentum. On the 2-hour chart, the RSI is approaching 70, hinting at potential overbought conditions, while the MACD remains in bullish territory. Bollinger Bands are widening, a sign that volatility — and possibly upside potential — is increasing.
DOGE is now testing the $0.205 resistance level. A confirmed breakout above this zone could clear the path to $0.22 in the short term, strengthening the case for a sustained Dogecoin rise.
Social Media Hype Could Fuel Another Dogecoin Rally
With Elon Musk likely taking a step back from political controversies, some analysts believe he may soon return to his familiar role as Dogecoin’s unofficial hype man.
“Now that Musk and Trump are no longer at odds, we may see Elon return to his usual crypto tactics,” said Maksim Balashhevich, founder of Santiment.
DOGE/USD is consolidating, signaling potential smart money accumulation ahead of an upward breakout. Source: mwananukachabota on TradingView
Balashhevich emphasized that Dogecoin’s social media activity remains relatively quiet for now. However, he cautioned that a sudden surge in online chatter, especially from Musk, could act as a major catalyst.
Historical trends support this view. Dogecoin saw a massive 200% pump in November 2024 after Trump’s election victory, and again in January 2025 following Musk’s symbolic appointment to the Department of Government Efficiency (DOGE).
Dogecoin Gains New Institutional Interest
Beyond Musk’s influence, structural developments are helping Dogecoin cement its relevance in the wider crypto ecosystem.
The memecoin has recently been integrated into the Coinbase-backed Base network, expanding its utility in decentralized finance (DeFi) applications. This move enables Dogecoin holders to interact more seamlessly across multiple platforms, a notable milestone for the Dogecoin network.
Additionally, speculation around a Dogecoin ETF has intensified. As of this week, Polymarket data shows a 51% probability of ETF approval by the SEC in 2025. Institutional accumulation and consistent high-volume trading suggest that Dogecoin could continue to challenge expectations in a volatile market landscape.
Ripple CEO Acknowledges Dogecoin’s Staying Power
In another noteworthy development, Ripple CEO Brad Garlinghouse, once a vocal critic of memecoins, has shifted his stance on Dogecoin.
Dogecoin (DOGE) was trading at around $0.20, up 3.89% in the last 24 hours at press time. Source: Brave New Coin
“It’s part of the ecosystem. It plays a role,” Garlinghouse remarked at Apex 2025, acknowledging Dogecoin’s high liquidity and its cultural relevance in the crypto space.
Although he clarified he has “never purchased a meme coin,” his acknowledgment marks a significant pivot in attitude, reflecting broader acceptance of DOGE’s place in the market.
Dogecoin Value at a Crossroads: Will Bulls Maintain Control?
Dogecoin is currently holding above key support at $0.1983, with resistance near $0.205. If the DOGE price pushes decisively past this level, technical analysts expect a potential move toward $0.22, and possibly higher, depending on Musk’s future actions and overall market sentiment.
However, indicators such as the RSI suggest the token is nearing overbought territory on several timeframes, which could lead to brief consolidation or a minor pullback before the next leg up.
For now, Dogecoin prediction models remain optimistic. With improving sentiment, high-profile endorsements, and renewed hype potential, DOGE may be preparing to break through longstanding resistance and reclaim its spot among the top-performing digital assets.
