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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.
#Dogecoin Makes a False Break for the First Time Since Dec 2024 🔥
It’s staying above the support line for days, confirming the characteristics of a false break. A new $DOGE bull run could start from this false break 🚀 pic.twitter.com/e8ui5FuFxV
— Trader Tardigrade (@TATrader_Alan) April 15, 2025
Dogecoin Holder Behavior
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 “Cruisers,” as they’ve been labeled by the report, who hold their coins for between one and twelve months, lost even more by 12%.
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.
Large Holders Show Increasing Interest
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 – up 5.30% in the last week and a whopping 324% in the last month.
Featured image from Pexels, 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.
