- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Dogecoin (DOGE) Price Prediction & Analysis: History to Repeat With Another 500% Rally
By: coin central|2025/05/05 16:15:01
0
Share
TLDRDogecoin price experienced a decline after failing to clear the $0.18 resistance levelSome analysts believe DOGE may have reached a bottom similar to October 2024 before its 500% rallyA 100 million DOGE whale transfer worth $17.5 million occurred with increased exchange outflowsRealized cap shrinking while market cap grows indicates recent gains may be driven by speculationTechnical indicators show DOGE needs to break above $0.1740-$0.1780 range to resume upward trendDogecoin has faced renewed pressure in recent days after a period of upward movement in April. The popular meme cryptocurrency saw its price retreat after failing to break through key resistance levels, leaving traders wondering if this is a temporary setback or the start of a more extended correction.The price movement shows DOGE currently trades below the $0.1750 level and the 100-hourly simple moving average.A bearish trend line has formed with resistance at $0.1725 on the hourly chart.This downturn follows a month of positive momentum in April, pushing investor sentiment back into fear territory.The decline coincides with Bitcoin’s rejection from the $97.9k level, which dropped 2.4% in under two days.DOGE trading volume decreased by 33.5% in 24 hours, which could be attributed to weekend market conditions when activity typically slows.DogecoinDOGE PriceSigns of Potential RecoverySome crypto analysts see reasons for optimism despite the recent price action.Analyst Astronomer suggests the Dogecoin price might have bottomed after its rejection from $0.18.The analyst draws parallels to market conditions in October 2024, before DOGE rallied approximately 500% to reach $0.5.Technical charts show a potential bullish divergence forming on the relative strength index (RSI).A break above the $0.206 level would be considered positive for the price action going forward.Key resistance levels to watch include $0.1740, $0.1780, $0.1850, and eventually $0.200.$DOGEAnother altcoin that bottomed IMO (Early call), I'm longAlright $DOGE only moved slightly off the low, so there still is a 6R+ trade to be scored if it were to go to the highs.Regardless, I called the $BTC bottom early, and am willing to do the same with one of my... https://t.co/CH2icaIfnn pic.twitter.com/4XgF9AWyq9— Astronomer (@astronomer_zero) May 4, 2025Whale Activity and Market SentimentRecent on-chain data reveals interesting whale behavior that could impact DOGE’s price trajectory.A 100 million DOGE transfer worth approximately $17.5 million has sparked interest in the market.This whale activity coincides with increased exchange outflows, often considered a bullish sign as it represents tokens being moved to private wallets for holding rather than selling.Wallets holding between 1 million-10 million and 100 million-1 billion DOGE have shown some buying activity since April 8th.However, other large holder groups, particularly those with 10 million-100 million DOGE, have displayed steady distribution over the past month.Daily Active Addresses remain at just 3.4% of what they were during the November peak, indicating subdued market interest.Market Cap Discrepancy Provides InsightsAn interesting discrepancy between Dogecoin’s market metrics offers clues about the nature of recent price movements.Since April 6th, DOGE’s market capitalization has grown from $21 billion to $26.4 billion.During the same period, the realized cap (which values coins at the price they last moved) shrank from $21.5 billion to $21.3 billion.This divergence suggests that while the market values DOGE higher, actual on-chain activity doesn’t fully support this valuation.The gap between market cap and realized cap indicates some of the past month’s gains may be driven by speculative activity rather than fundamental adoption.Long-term holders appear to be holding steady, as a high level of selling from this group would have caused a deeper decrease in the realized cap.For DOGE to establish a sustainable rally, increased buying pressure and network activity will need to materialize.Current price levels show major support at $0.1685 and $0.1650, with $0.1600 serving as a critical floor.If these levels fail to hold, further declines toward $0.1550 or even $0.1450 could be possible in the near term.The post Dogecoin (DOGE) Price Prediction & Analysis: History to Repeat With Another 500% Rally appeared first on CoinCentral.
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App