{"id":52703,"date":"2025-05-19T16:11:51","date_gmt":"2025-05-19T16:11:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-price-prediction-following-the-11-drop-in-a-week\/"},"modified":"2025-05-19T16:11:51","modified_gmt":"2025-05-19T16:11:51","slug":"dogecoin-price-prediction-following-the-11-drop-in-a-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-price-prediction-following-the-11-drop-in-a-week\/","title":{"rendered":"Dogecoin price prediction following the 11% drop in a week"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/Dogecoin-price-prediction-following-the-11-drop-in-a-week-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/Dogecoin-price-prediction-following-the-11-drop-in-a-week-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/Dogecoin-price-prediction-following-the-11-drop-in-a-week-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/Dogecoin-price-prediction-following-the-11-drop-in-a-week-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Dogecoin is currently trading in a falling wedge, eyeing a breakout above $0.219.<\/li>\n<li>A close above $0.22378 could signal a bullish trend reversal.<\/li>\n<li>On-chain activity is rising, boosting the long-term bullish outlook.<\/li>\n<\/ul>\n<p>Dogecoin (DOGE) has experienced notable turbulence over the past week, with the popular meme coin shedding more than 11% of its value amid wider market volatility.<\/p>\n<p>Although short-term losses have sparked concern among retail traders, technical analysts, and blockchain activity suggest that DOGE may be positioning itself for a much larger move.<\/p>\n<h2>DOGE price analysis<\/h2>\n<p>Over the past few days, <a href=\"https:\/\/coinjournal.net\/dogecoin\/what-is-dogecoin\/\">Dogecoin<\/a> has slipped from a local high of $0.25 to hover around the $0.2161 mark, reflecting a strong pullback after a sustained rally earlier this month.<\/p>\n<p>Despite the apparent weakness, this decline has not invalidated the broader bullish structure that analysts have been tracking over recent months.<\/p>\n<p>On the four-hour chart, DOGE is currently trading within a defined falling wedge pattern, which is widely regarded as a bullish formation when confirmed with a breakout.<\/p>\n<p>Highlighting this setup, an analyst on X has noted that Dogecoin\u2019s price has compressed between descending resistance near $0.219 and support just above $0.212, forming a tightening range.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">4h <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> FW <a href=\"https:\/\/t.co\/aBCf1y5jaO\">pic.twitter.com\/aBCf1y5jaO<\/a><\/p>\n<p>\u2014 #333kByJuly2025 (@CarpeNoctom) <a href=\"https:\/\/twitter.com\/CarpeNoctom\/status\/1923770031436906967?ref_src=twsrc%5Etfw\">May 17, 2025<\/a><\/p>\n<\/blockquote>\n<p>The analyst\u2019s chart also points to Ichimoku Cloud metrics that show the price hovering within the equilibrium zone, suggesting that the current pause may precede a larger directional move.<\/p>\n<p>The high-confluence support zone between $0.212 and $0.214, bolstered by the Ichimoku Span B, has already prompted intraday rebounds, hinting at strong buyer interest near that level.<\/p>\n<p>Meanwhile, resistance at the upper wedge boundary coincides with the Kijun-sen (baseline) around $0.225, creating a well-defined ceiling that needs to be breached for bullish momentum to resume.<\/p>\n<h2>Dogecoin price outlook<\/h2>\n<p>If Dogecoin manages a decisive four-hour candle close above $0.219, Ali Martinez believes that the coin could quickly target the previous supply zone between $0.24 and $0.26.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is a major area of resistance for <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a>. A breakout here could spark a new bull run!<\/p>\n<p>Don&#8217;t wait for the breakout; instead, prepare for it! Go to <a href=\"https:\/\/twitter.com\/coinexcom?ref_src=twsrc%5Etfw\">@coinexcom<\/a>, sign up using my referral link <a href=\"https:\/\/t.co\/73n8mW9Y5p\">https:\/\/t.co\/73n8mW9Y5p<\/a>, and join me in this trade. <a href=\"https:\/\/t.co\/yh52WFBHQt\">pic.twitter.com\/yh52WFBHQt<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1923096544779153542?ref_src=twsrc%5Etfw\">May 15, 2025<\/a><\/p>\n<\/blockquote>\n<p>However, a breakdown below the $0.205 support level would likely open the door to steeper declines, potentially revisiting the April pivot low near $0.185.<\/p>\n<p>From a medium-term perspective, Dogecoin\u2019s weekly chart paints a more optimistic picture, especially as the token recently closed above the Bull Market Support Band.<\/p>\n<p>This band, defined by the 20-week simple moving average and a two-sigma envelope, has acted as a major barrier since early February, with recent price action flipping it into provisional support.<\/p>\n<p>Analyst Cantonese Cat has <a href=\"https:\/\/x.com\/cantonmeow\/status\/1924295051464540237\">emphasised<\/a> the significance of this breakout, arguing that a second consecutive weekly close above $0.22378 would confirm a broader trend reversal.<\/p>\n<p>Despite the pullback from $0.25, the midline of the Bollinger Bands, which overlaps with the Bull Market Support Band, remains the primary pivot point for sustained bullish follow-through.<\/p>\n<p>Adding further weight to this outlook, long-term chart patterns suggest Dogecoin has already completed a breakout above a multi-year descending resistance in late 2023.<\/p>\n<p>According to analyst Javon Marks, this structural change, marked by higher highs and higher lows, confirms a bullish reversal from the extended bear market that began after its 2021 peak.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> and a +174% climb to its first target at $0.6533 continues to be in the cards \ud83c\udccf\u2026 <a href=\"https:\/\/t.co\/7Jt82s0jLy\">https:\/\/t.co\/7Jt82s0jLy<\/a><\/p>\n<p>\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/1924123229246849126?ref_src=twsrc%5Etfw\">May 18, 2025<\/a><\/p>\n<\/blockquote>\n<p>Marks also pointed out that the recent correction found support at $0.16, establishing a higher low that strengthens the case for a continued uptrend.<\/p>\n<p>Based on these developments, Marks has maintained a projected price target of $0.6533, representing a potential 174% increase from current levels.<\/p>\n<p>He also noted that Dogecoin could eventually revisit its previous all-time high of $0.74 and even extend gains toward $1.25 if momentum builds and market sentiment improves.<\/p>\n<p>Still, another layer of resistance remains between $0.25 and $0.26, a zone that has consistently capped Dogecoin\u2019s price since December 2024, according to analyst Ali Martinez.<\/p>\n<p>Repeated failures to break through this level earlier in the year underscore the importance of a confirmed move above it for any sustained upward move to take hold.<\/p>\n<p>While the technical picture remains mixed in the short term, Dogecoin\u2019s on-chain data adds another bullish signal to the overall outlook.<\/p>\n<p>Blockchain analytics platform IntoTheBlock reported a surge in user engagement, with new addresses jumping by over 102% and active addresses climbing by more than 111% in just one week.<\/p>\n<p>Additionally, zero-balance addresses, often associated with increased turnover and new activity, rose by more than 155%, reflecting renewed interest from both traders and casual users.<\/p>\n<p>This resurgence in network activity coincides with a broader market rally and suggests that Dogecoin\u2019s recent price drop may not reflect weakening fundamentals.<\/p>\n<p>Should the price break above the $0.219 and $0.26 resistance zones, it may well trigger the next major rally toward the $0.65 target outlined by bullish analysts.<\/p>\n<p>But until then, both traders and long-term holders will be watching key support and resistance levels closely, waiting for the signal that confirms Dogecoin\u2019s next major move.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dogecoin-price-prediction-following-the-11-drop-in-a-week\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Dogecoin is currently trading in a falling wedge, eyeing a breakout above $0.219. A close above $0.22378 could signal a bullish trend reversal. On-chain activity is rising, boosting the long-term bullish outlook. Dogecoin (DOGE) has experienced notable turbulence over the past [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":52704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52703"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52703"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52704"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}