{"id":60678,"date":"2025-04-20T22:30:47","date_gmt":"2025-04-20T22:30:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60678"},"modified":"2025-04-20T22:30:47","modified_gmt":"2025-04-20T22:30:47","slug":"dogecoin-on-the-launchpad-analyst-calls-for-500-rally-from-here","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60678","title":{"rendered":"Dogecoin On The Launchpad \u2013 Analyst Calls For 500% Rally From Here"},"content":{"rendered":"

Investors in Dogecoin<\/a> were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally.<\/p>\n

Analyst Predicts 500% Price Jump Based On Chart Pattern<\/strong><\/h2>\n

From crypto commentator \u201cSteph is Crypto,\u201d Dogecoin looks primed for an epic price surge in excess of 500%. That\u2019s the estimate based on a chart pattern seen before a preceding market cycle during which Dogecoin surged 501% after trending down in the last few weeks.<\/p>\n

\u201cBottom signal flashing,\u201d Steph tweeted on social media site X, implying that the same pattern is developing again following another 129-day downtrend. If this trend holds, Dogecoin will rise as much as $0.73583 within the next few weeks.<\/p>\n

SIGNAL:$DOGE<\/a> BOTTOM SIGNAL FLASHING.<\/p>\n

PREPARE FOR +500% IN THE NEXT WEEKS! #DOGECOIN<\/a> pic.twitter.com\/qGI9Sea4ZJ<\/a><\/p>\n

\u2014 STEPH IS CRYPTO (@Steph_iscrypto) April 19, 2025<\/a><\/p>\n

The Drop Before Reversal<\/strong><\/h2>\n

Not everyone agrees with this optimistic view, though. An alternative prediction from SwallowAcademy on TradingView is that Dogecoin may first see a dramatic fall before it can go up. Their study of the price action of Dogecoin relative to Tether (USDT) indicates a possible 40% drop<\/a> to the $0.09 support level.<\/p>\n

SwallowAcademy\u2019s analysis observes that following a brush with close to $0.23 earlier this year, Dogecoin dropped to $0.09 before rising above $0.45.<\/p>\n

The analyst foresees the same trend happening, with a sharp drop followed by a four times jump that might ultimately retest the $0.45 level. When this report was made, Dogecoin was trading above $0.15.<\/a><\/p>\n

Short-Term Trader Numbers Spike<\/strong><\/p>\n

Market intelligence company IntoTheBlock\u2019s data<\/a> shows dramatic shifts in the behavior of Dogecoin holders. Long-term holders who owned the cryptocurrency for more than a year fell by 2.67% last month. Medium-term holders (one to 12 months) fell by nearly 12%.<\/p>\n

Meanwhile, short-term traders with holding time of less than one month rose by over 100%. This radical movement toward short-term speculation might signify greater price volatility since these traders will respond rapidly to changes in the market.<\/p>\n

Large Investor Activity Shows Massive Increase<\/strong><\/p>\n

Perhaps the most dramatic statistics come from monitoring large holder transactions. Large holder inflows increased by over 5% in the last week, as reported by IntoTheBlock. On a longer term basis, these inflows were up 324% in the last 30 days.<\/p>\n

This increase in whale activity indicates significant investors may be setting themselves up for future price action even though daily trading continues to be dominated by smaller, short-term traders.<\/p>\n

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

Investors in Dogecoin were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally. Analyst Predicts 500% Price Jump Based On Chart Pattern From crypto commentator \u201cSteph is Crypto,\u201d […]<\/p>\n","protected":false},"author":0,"featured_media":60679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60678","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\/60678"}],"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=60678"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60679"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}