TL;DR

• Analysts see signs of a major Dogecoin breakout, with one eyeing $0.30 after a successful trendline retest and another forecasting a surge to $1.

• Whales have scooped up over one billion DOGE in 30 days, while outflows from exchanges signal growing investor confidence and reduced immediate selling pressure.

DOGE Price Explosion Incoming?

The biggest meme coin has been among the best-performing leading cryptocurrencies in the past month. It currently trades at around $0.22 (per CoinGecko’s data), which is a retreat from its local top but still represents a 42% increase for the period. 

Some industry participants believe the rally has yet to reach new dimensions. The X user Maximalist observed Dogecoin’s chart to suggest that the price is “about to absolutely explode to the upside.” The analyst envisioned a pump toward a new all-time high of $1. 

For their part, Crypto General claimed the meme coin “has given a big breakout.” They suggested that the next uptrend might start once the price retests the trendline of $0.23.

Ali Martinez also chipped in. He presented a somewhat bearish forecast for the short term, assuming that DOGE might head south to $0.213.

Just a few days ago, though, he pointed out three important factors that indicate the price might jump soon. Those include the rise in active addresses, transaction volume, and whale activity. “All bullish signals that could support further upside,” he said. 

Large investors have been particularly active, accumulating more than one billion DOGE in the span of 30 days. According to Martinez’s chart, those holding between 100 million and one billion coins possess almost 26 billion tokens, constituting 17.5% of the asset’s circulating supply. 

When whales buy large amounts of DOGE, it signals strong confidence, which can attract attention from smaller investors. This increased demand might push the price up, creating positive momentum in the market.

Abandoning Exchanges

Over the past several weeks, daily exchange netflows have been mostly negative, suggesting a potential shift by investors from centralized platforms toward self-custody solutions.

Although this development can’t be labeled as entirely bullish, it reduces immediate selling pressure, which could contribute to a potential rally in the near future.

A Crypto X chart technical analyst just pointed out a pattern in Dogecoin’s price that could mean the meme coin is the underdog in crypto markets at the moment.

Crypto Chart Trader Gives Dogecoin Thumbs Up

#Dogecoin consistently finds support at previous swing highs. It just rebounded from support matching a previous swing high.$DOGE may have completed its pullback and could surge again soon pic.twitter.com/dhfnblpj3v

— Trader Tardigrade (@TATrader_Alan) April 30, 2025

Crypto chart pattern analyst “Trader Tardigrade” told followers in an Apr. 30 post on X that “[Dogecoin] consistently finds support at previous swing highs.”

“It just rebounded from support matching a previous swing high,” Trader Tardigrade added. “[DOGE] may have completed its pullback and could surge again soon.”

$DOGE Huge Price Projection Target

Dogecoin is now entering its 3rd wave of upwards momentum, potentially aiming for a 740% price increase.


Next Price Target : 1.10$ per $DOGE

Trade $DOGE NOW on #BYDFi !


Get a 15% Cashback up to $1000 when you sign up and deposit on BYDFI… pic.twitter.com/JW0jj3scmi

— Bitcoinsensus (@Bitcoinsensus) May 1, 2025

The last time Dogecoin found support at the previous swing high level, support was in Q3 last year at Q4 2023’s swing high level. From there, the meme coin catapulted to the upper resistance line of its broader, multi-year trend channel.

According to Trader Tardigrade’s chart, if Dogecoin follows its previous pattern, the price will begin a steep rally as high as $0.80 per DOGE before August.

New All-Time High For DOGE Tokens?

#DOGECOIN road to $10!

If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK

— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025

Dogecoin prices have been cooling down ever since a moonshot to $0.46 in December. That price surge followed the pattern the chart analyst describes for DOGE’s graph.

The lovable meme coin’s price has historically followed the pattern of reversing at recent swing high levels. DOGE found decisive support there in April. So a breakout to markedly higher levels could be ahead.

DOGE hasn’t had the past 12 months that BTC has, but over enough time, it has historically had periodic flash rallies. Prices go up by shocking percentages, as in Spring 2021 and Winter 2024.

Popular Bitcoin analyst Muro Crypto recently reminded followers, “Once DOGE starts pumping, it would be the official signal for a legit altseason, it’s always been the altseason indicator.”

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.