Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Crypto trader Josh Olszewicz – better known to chart-watchers by his handle @CarpeNoctom – has taken the old equities adage “Sell in May and go away” and given it a canine twist. On Monday he posted a one-day Ichimoku chart of DOGE/USD stamped 28 April 2025, adding the quip: “DOGE in May and Walk Away?” Behind the word-play sits a price map that highlights the market’s make-or-break zone as the meme coin drifts toward the seasonally tricky month of May.
Sell Dogecoin In May?
Olszewicz annotates the February–April basing action with the classical letters S-H-S?, marking a potential inverse head-and-shoulders. The left shoulder formed in mid-March just above $0.14; the head spiked to roughly $0.13 on 7 April; the market is now probing for a right-shoulder low near $0.17-0.18.
A duo of dotted trend-lines defines a downward-sloping neckline that currently intersects the price axis in the $0.185–0.195 area. A daily close above that band would validate the reversal pattern; the measured-move objective, taken conservatively from the head ($0.14) to the neckline ($0.185), implies upside toward $0.23. The white reference line drawn at $0.28181 marks a prior horizontal supply shelf – and, not coincidentally, the mid-June projection of Senkou-span resistance – offering a secondary target if the pattern plays out in full.
The chart also employs modified Ichimoku settings (20, 60, 120, 30), widening the lens to suit crypto’s volatility. At Monday’s close Dogecoin sits at $0.17533, wedged between a rising Tenkan-sen at $0.16471 and a flat Kijun-sen at $0.18593. Price below the baseline keeps the longer-term signal bearish, yet the Tenkan flipping beneath price hints at near-term momentum.
Forward-projected thirty periods, the cloud itself is bearishly red with its lower boundary (Senkou Span A) beginning at $0.20825 and its upper boundary (Senkou Span B) flat at $0.31392.
In other words, even a neckline break would deliver Dogecoin straight into a $0.21–0.31 supply zone that has capped every rally since early January’s cascade. Bulls therefore face a two-step job: first reclaim the neckline and Kijun, then chew through a month-deep overhang of supply inside the Kumo.
The maxim Olszewicz riffs on – “Sell in May and go away” – stems from centuries-old seasonality in equities, warning of weak summer performance. By substituting DOGE for sell, he floats the contrarian idea that the dog coin itself might be the asset investors walk toward, not away from, in a traditionally lethargic period. Technically that thesis hinges on bulls forcing a breakout in the opening weeks of May, before the neckline descends further and the cloud thickens.
Failure to do so would leave the pattern unconfirmed, keep price imprisoned beneath the Kijun, and preserve the prevailing down-trend that began with January’s blow-off above $0.48. Support then rests first at the Tenkan ($0.165), with March’s capitulation wick near $0.14 as the final line in the sand.
At press time, DOGE traded at $0.178.
Featured image created with DALL.E, chart from TradingView.com
Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.
His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.
Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.
For Jake, Bitcoin represents more than just an investment; it’s a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.
As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.
In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.
You can engage with his latest takes on Twitter: @realJakeSimmons.
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.
