TL;DR

• Despite a recent uptick, one analyst warns that DOGE’s price could plunge significantly if it stays below a certain support zone.
• Others, though, foresee a rally to as high as $0.44, citing specific technical chart patterns.

Is DOGE Poised for a Massive Slump?

The price of the largest meme coin has been on an uptrend in the past week, rising by 3% and currently trading at around $0.16. However, some analysts believe a collapse could replace the minor resurgence if Dogecoin (DOGE) fails to rise above a specific level.

Ali Martinez told his 135,000 followers on X that the meme coin’s valuation could plummet by 65% to as low as $0.06 if it doesn’t turn the resistance at $0.17 into support.

Certain technical indicators also suggest DOGE could be on the verge of a pullback. One example is the Relative Strength Index (RSI), which is a momentum oscillator that measures the speed and magnitude of recent price changes in a particular asset. It varies from 0 to 100 and helps traders determine whether a token is overbought or oversold, which in turn could signal a reversal point.

Readings above 70 typically indicate that the asset has entered overbought territory and might be headed for a correction. On the contrary, anything below 30 is considered a bullish factor. DOGE’s RSI has been on the rise in the past 24 hours, currently set just south of the bearish ratio of 70.

An important event that could catalyze further gains for the meme coin is the potential approval of a spot DOGE ETF in the United States. The prominent names racing to launch such a product include Grayscale, 21Shares, Bitwise, and others. 

Earlier this year, the approval odds (before the end of 2025) on Polymarket stood at over 75%. In the past several weeks, though, the chances started to erode and currently stand at 52%. Moreover, the odds of the investment vehicle seeing the light of day before July 31 dropped to 20%.

The Bullish Predictions

Crypto X is full of analysts who believe Dogecoin has yet to chart substantial peaks. ZAYK Charts recently assumed that the price has completed a breakout on a falling wedge pattern, suggesting this could result in a pump to almost $0.28. 

Clifton Fx shared a similar thesis. They claimed DOGE “is forming a falling wedge on the 2d timeframe,” predicting that a breakout might trigger a price explosion to as high as $0.44. 

TL;DR

• Binance futures traders are highly bullish on DOGE; but this typically leads to a move in the opposite direction, as history has shown.
• On the other hand, whales have bought up recently, and the community still posts big predictions for DOGE’s price moves.

Binance Futures Traders Going Long

Renowned crypto analyst Ali Martinez posted earlier today that the majority of futures traders on Binance who are betting on DOGE have gone full-on bullish. Over 72% of all futures positions opened at the world’s largest crypto exchanges are longs, meaning they expect the asset’s price to go higher.

72.13% of traders on Binance with open #Dogecoin $DOGE positions are currently long! pic.twitter.com/ejIyI8lUoJ

— Ali (@ali_charts) April 15, 2025

That hasn’t been the case so far, and DOGE currently sits at $0.154 (4.1% lower than yesterday) as it was rejected at the $0.17 resistance earlier this week.

Moreover, history shows that too many longs (or overall bullish sentiment) spells trouble for the underlying asset. Binance traders were similarly optimistic about DOGE’s price moves in late March when over 76% of all futures positions were longs. At the time, the OG meme coin stood at above $0.19.

Not only has it never traded higher since then, but it actually plunged to $0.16 two days later and all the way down to $0.13 during the market sell-off on April 7, prompted by Trump’s Trade War.

DOGE is not an isolated example, as XRP’s price has shown similar trajectories after Binance futures traders went long. Just yesterday, CryptoPotato reported that 66.86% of such market participants have opened long positions on Binance. XRP is down by 4% today, but this article has even more painful examples.

Whales Buying

In the opposite corner stand Dogecoin whales, which went on an accumulation spree in the past few days, acquiring more than 800 million DOGE. As whales are typically middle- to long-term players, such big purchases reduce the available supply and can trigger FOMO among smaller investors.

Analysts are still bullish on Dogecoin’s future price movements, predicting price surges of up to 3x. More recently, Crypto School posted a chart for DOGE’s short-term trajectory, indicating that the asset is at a ‘pivotal juncture’ that could see it going to as high as $0.23 or dropping to $0.11 depending on the next few days.

TL;DR

• One Dogecoin developer cautioned the community to avoid people promoting dubious tokens resembling Dogecoin’s name.

• DOGE’s price is heating up after a solid week, with analysts predicting a potential surge toward $0.29 and even new highs.

DOGE Community, Stay Alert

The biggest meme coin has one of the largest and most devoted community bases across all cryptocurrencies, making it a prime target for fraudulent schemes. 

The pseudonymous developer and prominent contributor in the Dogecoin ecosystem, who goes by the X moniker inevitable360 recently issued an important warning.

They advised community members to stay away from anyone promoting tokens that resemble the OG meme coin’s name. The X user opined that those should be taken as schemes since they don’t have their own blockchain, like Dogecoin or Bitcoin, for example. 

“If someone really wants to help others or save dogs, don’t need any token no matter the excuse,” the developer added.

The cautionary note follows Dogecoin’s recent advancements, which have fueled optimism within the community. Last week, 21Shares teamed up with the House of Doge to launch Dogecoin ETP on the SIX Swiss Exchange. The product is 100% physically backed, “offering a transparent and seamless way” for investors to gain exposure to the asset through traditional financial channels.

Additionally, 21Shares filed with the US Securities and Exchange Commission (SEC) for approval to introduce a spot Dogecoin ETF. Thus, it followed the example of Grayscale and Bitwise, which have previously displayed such intentions. As of this writing, the chances of an approved spot DOGE ETF before the end of 2025 stand at around 64%. 

DOGE Price Outlook

The warning also comes after a successful week for the token, during which its price has risen by almost 20%. Currently, it trades at around $0.16, while the market capitalization stands just south of $25 billion.

Some analysts believe the uptrend is still at its starting point, envisioning further gains in the short term. Ali Martinez claimed a close above $0.17 could open the door to an upswing to $0.21 or $0.29 as long as Dogecoin holds the key $0.13 support.

The X user JAVON MARKS is even more optimistic. They think DOGE looks ready to put on “yet another magical bullish performance” to a new all-time high.