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

• 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.

TL;DR

• Around three-quarters of Binance Futures traders who have opened DOGE positions are expecting price gains in the near future.
• The overwhelming imbalance between long and short trades may signal a contrarian risk – when most bet up, the market might surprise with a move in the opposite direction.

Increased Optimism From Traders

Dogecoin (DOGE) witnessed an impressive surge in December last year, with its price exceeding $0.45. Since then, though, it has retreated by approximately 60% and currently trades at around $0.18. Despite the evident downtrend in the past few months, many investors remain bullish on the OG meme coin.

The renowned analyst, going on X as Ali Martinez, revealed that more than 76% of the traders on Binance Futures that have hopped on the Dogecoin bandwagon have opened long positions.

76.65% of traders on Binance Futures are long on #Dogecoin $DOGE! pic.twitter.com/Qpr3pGCwh7

— Ali (@ali_charts) March 28, 2025

Predominant optimism can be interpreted in various ways. People might speculate that some of those traders have inside information about potential major developments surrounding Dogecoin that could positively impact the price of the underlying token. 

One example could be the possible launch of a spot DOGE ETF in the United States. Grayscale, Bitwise, and Osprey Funds are among the entities that have filed to introduce such a product, while the odds of approval before the end of the year are estimated at slightly under 70%.

It is important to note, though, that the bullish sentiment may be taken as a bearish factor. After all, cryptocurrencies tend to do the opposite of what the crowd expects, while famous investors have previously warned people not to follow the ongoing trend. Warren Buffett’s advice, for instance, states: “Be fearful when others are greedy and greedy when others are fearful.”

Price Predictions

Crypto X also seems predominantly positive on DOGE’s future, with multiple industry participants envisioning a resurgence in the short term. Crypto VIP Signal recently claimed that the meme coin “has broken the resistance area and is now retesting it.”

“You can accumulate some DOGE during this retest, and we can expect a continuation of the upward movement after some accumulation,” they added.

Trader Tardigrade also gave their two cents. The market observer pointed to the declining RSI ratio to envision a price explosion to as high as $1 in the following months.

The Relative Strength Index (RSI) measures the speed and change of price movements and varies from 0 to 100. Readings below 30 suggest Dogecoin might have entered oversold territory, meaning it could be gearing up for a rally. The RSI has plunged below 40 in the past several hours and is nearing the bullish zone.