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Crypto analysts predicted that Dogecoin could still reverse its current downward trend and propel itself to hit $1 per coin, a forecast that might increase investors’ optimism about the popular meme coin.
Market experts said that Elon Musk’s favorite meme coin can bank on the increasing whale activity and a positive outlook from the Stochastic RSI analysis showing a potential upward price trajectory.
Optimism On The DOGE
Dogecoin might not have been spared by the bearish market condition affecting the broader cryptocurrency space but despite the memecoin’s facing several short-term challenges, crypto analysts remain confident in the future of the token and predict a possible increase in its value.
Data showed that DOGE slightly moved upward with a 2% increase in the past week but suffered a 36% price decline in its price in the broader picture, raising concern among its investors.
As of writing, Dogecoin is traded at $0.1678, down by 0.5% in the past 24 hours, reflecting the overall negative market sentiment. However, the memecoin is still dominating the market with 0.92% with a market capitalization of nearly $25 billion and a 24-hour trading volume of more than $816 million.
The short-term declines and challenges that DOGE is facing right now cannot overshadow the token’s long-term growth potential.
Whale Activity On The Rise
Analysts said that one of the primary drivers of optimism on DOGE is its large investors which are registering positive activity that could fuel the growth of the memecoin in the upcoming months.
Market observers revealed that whale activity has increased over the past week with over 110 million DOGE tokens acquired by large investors. These investors are betting that the meme token might be ripe for a possible breakout, highlighting the confidence of whales in the token’s long-term growth.
It is also an indicator that whales are not looking at the coin’s short-term volatility but on its long-run prospects.
#Dogecoin Stochastic RSI suggests $DOGE could stop its downtrend here and aim for the $1 mark 🔥$Doge pic.twitter.com/gkpayjUoTc
— Trader Tardigrade (@TATrader_Alan) March 18, 2025
Can Dogecoin Hit $1?
Meanwhile, a crypto analyst believed that Dogecoin could hit $1 per coin, sparking the interest of traders in the memecoin.
Trader Tardigrade said in a post that projections using the Stochastic RSI show a bright future for the meme crypto, suggesting that it can recover from the short-term declines leading to a price surge.
“#Dogecoin Stochastic RSI suggests $DOGE could stop its downtrend here and aim for the $1 mark,” Trader Tardigrade noted.
The key indicator suggested that DOGE could reverse its downtrend and catapult it to upward price movement, something which is also driving optimism among investors.
The Stochastic RSI is a gauge being used to spot trend reversals, which is now giving hope to those betting on Dogecoin’s resurgence.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
