Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%—Analyst

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. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report 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. Possible 40% Fall Before The Huge Rally 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’s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile. 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. SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin 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. The ‘False Break’ Pattern – What It Means A standalone analysis by Trader Tardigrade indicates Dogecoin’s initial “false break” 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. Trader Tardigrade reads this as a “false breakdown” – potentially indicating the end of the downtrend. 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. #Dogecoin Makes a False Break for the First Time Since Dec 2024

Apr 20, 2025 - 03:10

Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%—Analyst

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 prelude to monumental price swings in either direction.

Possible 40% Fall Before The Huge Rally

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’s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile.

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.

SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin 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.

The ‘False Break’ Pattern – What It Means

A standalone analysis by Trader Tardigrade indicates Dogecoin’s initial “false break” 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.

Trader Tardigrade reads this as a “false breakdown” – potentially indicating the end of the downtrend. 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.