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Dogecoin still remains limited at $ 0.15 with its price trade at $ 0.158, after decreasing 0.35% in 24 hours and 2.02% in the last week.
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Various attempts to pierce key levels have not been successful, with prices starting from $ 0.149 before recovering marginally. The observers of the market indicate that these short -term arrest trips could be a prelude to oscillations of monumental prices in both directions.
Possible 40% fall before the huge rally
A new analysis published on TradingView by Swallowacademy indicates that Dogecoin could see a dramatic drop before any significant increase in prices. The analyst examined the action of doge’s prices compared to Tether (USDT) on daily graphs, in which it is known that the meme currency is extremely volatile.
Their plots indicate a sudden peak at the beginning of 2024 followed by a drop with maximums of about $ 0.23, then another descent to $ 0.09 in the middle of the year before recovering over $ 0.45.
Swallowacademy thinks that the same trend can develop in 2025. However, their forecast is that dogecoin can decrease another 40% to about $ 0.09, creating a support area before, possibly, sailing to the stars from 400% to $ 0.45. The price is currently over $ 0.15 and the analyst is resisting for the decrease expected at $ 0.09.
The “false break” model – What does it mean
An autonomous analysis of the Tardigrade trader indicates the “false break” of Dogecoin since December 2024. The cryptocurrency has, in general, tracked down a reduction of lower and lower high ups, which are common for the bearish market indicators. After going down to $ 0.13 on April 7, however, the price bounced briefly before decreasing once again.
The Tardigrade trader reads this as a “false failure”, potentially indicating the end of the downward trend. With the prices that remain above the support line for a few days, this model may indicate an imminent bullish reversal. Based on their analysis, Dogecoin can aim at $ 0.42 if the inversion occurs.
#Dogecoin He takes a false break for the first time from December 2024 🔥
It remains 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
Behavior of the Dogecoin owner
Intatheblock statistics show trends in the behaviors of the Dogecoin owner who are different. Long -term holders (more than a year of owners) lost 2.65% last month. The medium term, or “cruisers”, as they were labeled by the report, who have held their coins for one and twelve months, have lost even more than 12%.
On the other hand, short -term holders who hold for less than a month have increased by 107%. This realignment is an indicator of the growing speculative demand compared to long -term trust, probably resulting in an improved short -term volatility.
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Great prisoners show a growing interest
Despite the contrasting signals of general users, the great owners seem increasingly interested in dogecoin. The statistics indicate a constant increase in the affluents of large securities, up to 5.30% in the last week and a huge 324% in the last month.
First floor image from Pexels, TradingView chart