This Is the Dogecoin Price Level One Analyst Says Could Trigger a 400% Surge
The post This Is the Dogecoin Price Level One Analyst Says Could Trigger a 400% Surge appeared on BitcoinEthereumNews.com.
A market watcher has argued that Dogecoin may drop 40% to form strong support before a potential 400% surge. Dogecoin has been experiencing a challenging week, with the price struggling beneath key resistance levels. Currently, Dogecoin is trading at $0.1552, reflecting a 0.37% decline in the last 24 hours and a 2.06% drop over the past seven days. The meme coin attempted to break through the $0.16 resistance multiple times but failed, dipping as low as $0.151 before recovering slightly. Despite these fluctuations, some analysts believe the coin may soon see a significant upward movement after a potential short-term decline. Dogecoin Likely to Pump 400% after a Dip Under $0.1 One notable analysis from TradingView, shared by SwallowAcademy, suggests that Dogecoin could face a further decline before experiencing a major surge. The chart highlights DOGE’s price action against Tether (USDT) on a daily timeframe. It shows the volatility Dogecoin has experienced, notably a sharp upward movement in early 2024, followed by a significant decline after reaching a peak near $0.23. In the latter part of 2024, the price dropped again to around $0.09, where it found support before rebounding to over $0.45. Now, SwallowAcademy predicts a similar pattern may unfold in 2025. The analyst believes Dogecoin could drop an additional 40% to the awaited entry, forming the solid support zone again, before rebounding by fourfold. Specifically, the analyst suggests that after a 400% surge from the support level of $0.09, Dogecoin would rise to $0.45. For now, Dogecoin is trading above $0.15, and the analyst is awaiting a dip to $0.09. Dogecoin Price Prediction DOGE “False Break” Signals Possible Reversal Meanwhile, a different pattern has caught the attention of market watchers. Trader Tardigrade has pointed out Dogecoin’s first false break since December 2024. The coin has generally been following a…
Filed under: News - @ April 18, 2025 6:17 pm