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Dogecoin On The Launchpad – Analyst Calls For 500% Rally From Here

Investors in Dogecoin were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Analyst Predicts 500% Price Jump Based On Chart Pattern From crypto commentator “Steph is Crypto,” Dogecoin looks primed for an epic price surge in excess of 500%. That’s the estimate based on a chart pattern seen before a preceding market cycle during which Dogecoin surged 501% after trending down in the last few weeks. “Bottom signal flashing,” Steph tweeted on social media site X, implying that the same pattern is developing again following another 129-day downtrend. If this trend holds, Dogecoin will rise as much as $0.73583 within the next few weeks. ???? SIGNAL:$DOGE BOTTOM SIGNAL FLASHING. PREPARE FOR +500% IN THE NEXT WEEKS! #DOGECOIN pic.twitter.com/qGI9Sea4ZJ — STEPH IS CRYPTO (@Steph_iscrypto) April 19, 2025 The Drop Before Reversal Not everyone agrees with this optimistic view, though. An alternative prediction from SwallowAcademy on TradingView is that Dogecoin may first see a dramatic fall before it can go up. Their study of the price action of Dogecoin relative to Tether (USDT) indicates a possible 40% drop to the $0.09 support level. SwallowAcademy’s analysis observes that following a brush with close to $0.23 earlier this year, Dogecoin dropped to $0.09 before rising above $0.45. The analyst foresees the same trend happening, with a sharp drop followed by a four times jump that might ultimately retest the $0.45 level. When this report was made, Dogecoin was trading above $0.15. Short-Term Trader Numbers Spike Market intelligence company IntoTheBlock’s data shows dramatic shifts in the behavior of Dogecoin holders. Long-term holders who owned the cryptocurrency for more than a year fell by 2.67% last month. Medium-term holders (one to 12 months) fell by nearly 12%. Meanwhile, short-term traders with holding time of less than one month rose by over 100%. This radical movement toward short-term speculation might signify greater price volatility since these traders will respond rapidly to changes in the market. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Large Investor Activity Shows Massive Increase Perhaps the most dramatic statistics come from monitoring large holder transactions. Large holder inflows increased by over 5% in the last week, as reported by IntoTheBlock. On a longer term basis, these inflows were up 324% in the last 30 days. This increase in whale activity indicates significant investors may be setting themselves up for future price action even though daily trading continues to be dominated by smaller, short-term traders. Featured image from Unsplash, chart from TradingView CoinTurk News

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Memecoin Comeback? What’s Next for Dogecoin, Shiba Inu & PEPE After the Correction

Memecoins have recently faced a downturn, making many wonder about their future. This article delves into the potential next moves for Dogecoin , Shiba Inu , and PEPE after their recent correction. Could they be poised for another surge? This exploration offers insights into whether these popular digital coins are on the verge of a comeback. Dogecoin Price Analysis: Short-Term Dips versus 6-Month Gains DOGE dropped by about 7.27% over the last month while showing an overall gain of roughly 8.88% in the past six months. The coin has experienced short-term declines against a backdrop of more positive midterm recovery. This behavior reflects a period of volatility with recent setbacks outweighing long-term recovery trends. The current price ranges between $0.12 and $0.22 with major resistance near $0.28 and a secondary barrier around $0.38. Support is seen at around $0.08 with a lower level at zero. Short-term indicators and recent weekly losses nearing 6.60% suggest cautious trading. Bears currently dominate the price action, so traders may seek a clear breakout within these key levels before initiating new positions. Shiba Inu Price Action Amid Mixed Trends SHIB has shown a modest drop over the past week at -0.56% and a slight pullback of -3.78% for the month. Over the past six months, the performance reveals a steeper decline of -32.08%. The price has fluctuated within a range from $0.00001024 to $0.00001509. Indicators present a mixed picture, with a modest positive momentum of 0.00000086 contrasted by a negative Awesome Oscillator reading of -0.000000399. Current prices are trading between key support levels at $0.00000811 and $0.00000325, with resistances at $0.00001781 and $0.00002265. The market lacks a clear trend, as oscillators indicate neutrality. However, slight bullish signals from the momentum indicator suggest potential buying opportunities within these defined ranges. Upbeat Pepe Momentum Amid Mixed Trends PEPE price action shows a slight drop over the past month of 1.06% and a sharper decline over the last six months of 25.91%. Price moves have been volatile, reflecting short-term recovery attempts contrasted with a longer-term bearish sentiment. Data hints at alternating pressures with modest weekly gains of 1.48% that have not been sustained to overcome the extended downturn. Current price ranges from $0.0000052 to $0.0000092 with key support identified at $0.0000032 and resistance near $0.0000112. Price action is balanced with near-neutral RSI levels at 54.08, indicating mild buying pressure but no clear trend. Trading within these levels could involve testing the support zone before looking to make moves toward established resistance. Conclusion DOGE , SHIB , and PEPE have shown resilience despite the recent correction. DOGE`s established presence keeps interest high. SHIB draws attention through its strong community and frequent updates. PEPE remains popular due to its meme appeal. Future movements depend on broader market trends and continued interest in meme-based tokens. Staying informed about these coins will be key to understanding their next steps. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News