This Is the Dogecoin Price Level One Analyst Says Could Trigger a 400% Surge

A market watcher has argued that Dogecoin may drop 40% to form strong support before a potential 400% surge.

Dogecoin has been experiencing a challenging week, with the price struggling beneath key resistance levels. Currently, Dogecoin is trading at $0.1552, reflecting a 0.37% decline in the last 24 hours and a 2.06% drop over the past seven days. 

The meme coin attempted to break through the $0.16 resistance multiple times but failed, dipping as low as $0.151 before recovering slightly. Despite these fluctuations, some analysts believe the coin may soon see a significant upward movement after a potential short-term decline.

Dogecoin Likely to Pump 400% after a Dip Under $0.1 

One notable analysis from TradingView, shared by SwallowAcademy, suggests that Dogecoin could face a further decline before experiencing a major surge. The chart highlights DOGE’s price action against Tether (USDT) on a daily timeframe. 

It shows the volatility Dogecoin has experienced, notably a sharp upward movement in early 2024, followed by a significant decline after reaching a peak near $0.23. In the latter part of 2024, the price dropped again to around $0.09, where it found support before rebounding to over $0.45. 

Now, SwallowAcademy predicts a similar pattern may unfold in 2025. The analyst believes Dogecoin could drop an additional 40% to the awaited entry, forming the solid support zone again, before rebounding by fourfold. Specifically, the analyst suggests that after a 400% surge from the support level of $0.09, Dogecoin would rise to $0.45.

For now, Dogecoin is trading above $0.15, and the analyst is awaiting a dip to $0.09.

DOGE “False Break” Signals Possible Reversal

Meanwhile, a different pattern has caught the attention of market watchers. Trader Tardigrade has pointed out Dogecoin’s first false break since December 2024. The coin has generally been following a downtrend, marked by lower highs and lower lows, a sign of a bearish market. 

However, after dropping to $0.13 on April 7, the price rebounded but failed to maintain the momentum and quickly dipped again. The analyst interprets it as a “false breakdown” — a sign that the downward trend may not last. 

According to the chart, this could be an early indicator of a bullish reversal. With the price remaining above the support line for several days, the false break suggests that Dogecoin may be gearing up for an upward move. Per Trader Tardigrade, the next potential target could be $0.42.

Mixed Short- and Long-Term User Activity

In addition to the technical chart patterns, data from IntoTheBlock reveals fascinating insights into Dogecoin’s user activity. The data reiterate that Dogecoin may face short-term pressure due to shifting activity among different holder categories. 

Over the past month, the number of long-term holders (those holding for one year or more) decreased by 2.67%. Cruisers—those holding between one and twelve months—declined by 11.81%.

In contrast, short-term traders holding for less than a month increased by 107.45%. This trend suggests growing speculative interest, which may contribute to near-term volatility and price fluctuations.

However, the long-term outlook appears more favorable based on the behavior of large holders. Further data highlights a consistent and steep rise in large holder inflows.

Over the past seven days, inflows rose by 5.33%, followed by a sharp 323.86% increase in the last 30 days. Most notably, a significant 3,722% increase occurred over the last 90 days.