{"id":60535,"date":"2025-04-19T20:30:10","date_gmt":"2025-04-19T20:30:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60535"},"modified":"2025-04-19T20:30:10","modified_gmt":"2025-04-19T20:30:10","slug":"brace-for-impact-dogecoin-may-plunge-before-skyrocketing-400-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60535","title":{"rendered":"Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%\u2014Analyst"},"content":{"rendered":"

Dogecoin still remains capped at the $0.15 level with its price trading at $0.158,<\/a> having decreased 0.35% in 24 hours and 2.02% in the last week.<\/p>\n

Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a prelude to monumental price swings in either direction.<\/p>\n

Possible 40% Fall Before The Huge Rally<\/strong><\/h2>\n

A fresh analysis published on TradingView by SwallowAcademy indicates Dogecoin might see a dramatic drop before any significant price increase. The analyst looked into DOGE\u2019s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile.<\/p>\n

Their plots indicate a sudden spike in the beginning of 2024 followed by a decline from highs around $0.23, then another downslide to $0.09 mid-year before recovering above $0.45.<\/p>\n

SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin<\/a> may decline another 40% to around $0.09, creating a zone of support before, possibly, skyrocketing 400% to $0.45. The price stands at over $0.15 currently, and the analyst is holding out for the anticipated drop to $0.09.<\/p>\n

The \u2018False Break\u2019 Pattern \u2013 What It Means<\/strong><\/h2>\n

A standalone analysis by Trader Tardigrade indicates Dogecoin\u2019s initial \u201cfalse break\u201d<\/a> since December 2024. The cryptocurrency has, in general, traced a downtrend of lower highs and lower lows, which are common bearish market indicators. After dropping to $0.13 on April 7, though, the price did bounce briefly before declining once more.<\/p>\n

Trader Tardigrade reads this as a \u201cfalse breakdown\u201d \u2013 potentially indicating the end of the downtrend<\/a>. With prices remaining above the support line for a few days, this pattern may indicate an imminent bullish reversal. Based on their analysis, Dogecoin may aim for $0.42 if the reversal occurs.<\/p>\n

#Dogecoin<\/a> Makes a False Break for the First Time Since Dec 2024 <\/p>\n

It\u2019s staying above the support line for days, confirming the characteristics of a false break. A new $DOGE<\/a> bull run could start from this false break pic.twitter.com\/e8ui5FuFxV<\/a><\/p>\n

\u2014 Trader Tardigrade (@TATrader_Alan) April 15, 2025<\/a><\/p>\n\n

Dogecoin Holder Behavior<\/strong><\/p>\n

Statistics from IntoTheBlock show trends in Dogecoin holder behaviors that are differing. Long-term holders (more than one-year holders) lost 2.65% last month. The mid-term, or \u201cCruisers,\u201d as they\u2019ve been labeled by the report, who hold their coins for between one and twelve months, lost even more by 12%.<\/p>\n

On the other hand, short-term holders who held for under a month increased by 107%. This realignment is an indicator of increasing speculative demand as opposed to long-term confidence, possibly resulting in enhanced short-term price volatility.<\/p>\n

Large Holders Show Increasing Interest<\/strong><\/p>\n

In spite of the conflicting signals from general users, big holders seem more and more interested in Dogecoin. The statistics indicate a consistent increase in big holder inflows \u2013 up 5.30% in the last week and a whopping 324% in the last month.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin still remains capped at the $0.15 level with its price trading at $0.158, having decreased 0.35% in 24 hours and 2.02% in the last week. Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a […]<\/p>\n","protected":false},"author":0,"featured_media":60536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60535"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60535"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60536"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}