Dogecoin Crashes 15% Today (4/3/25) – Could DOGE Skyrocket to $4? Analyst Ali Martinez Weighs In!

Jakarta, Pintu News – The price of Dogecoin DOGE3.46%->Current DOGE PriceRp 2.7333.46%Market CapRp 914,37 TriliunTrading VolumeRp 74,07 TriliunCirculating SupplyRp 147,24 Miliar experienced a sharp 15% drop on March 4, 2025, raising concerns among investors. However, crypto analyst Ali Martinez sees a great opportunity for DOGE to soar to $4 (Rp65,753) in the long run.

According to him, as long as DOGE is able to stay above the crucial $0.16-$0.19 support zone, the asset still has significant rally potential. However, with market volatility still high and various macroeconomic factors affecting price movements, can DOGE really rise from this slump?

Dogecoin price drops 15.61% in 24 hours

On March 4, 2025, Dogecoin (DOGE) plunged 15.61% in the past 24 hours, trading at $0.1914 (3,162 IDR). During this period, DOGE hit a high of 3,774 IDR before dipping to its lowest point at 3,100 IDR.

At the time of writing, Dogecoin’s market cap stands at around $28.43 billion, with trading volume falling 19% to $2.91 billion within 24 hours.

Read also: Ethereum Plummets Over 15% Today (4/3/25) – What’s Behind the ETH Crash?

Dogecoin has the potential to skyrocket to $4? Here’s What Analysts Predict!

Despite the significant decline today, according to CNF (3/3/25), the Dogecoin (DOGE) price outlook shows the potential to jump to $2 next year.

Meanwhile, analyst Martinez revealed that if DOGE is able to hold above the crucial $0.16-$0.19 support zone, there is a high possibility that the price could skyrocket to $4-equivalent to a nearly 1,900% increase from current levels.

In the Token Post report, Martinez also highlighted the upward price trend Dogecoin has been on since it was first introduced in 2015.

If DOGE actually reaches a $4 valuation, its market capitalization would swell to around $575 billion-even surpassing the current market capitalization of Ethereum ETH0.62%->Current ETH PriceRp 31.226.2010.62%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072. This could make Dogecoin one of the major forces in the crypto world.

However, analysts caution that these predictions are still speculative, as they depend on various market factors that can change at any time.

Read also: Bitcoin, Pi Network, and Hedera are the cryptos that attracted attention in the first week of March 2025!

Support Levels and Potential Risks for Dogecoin

The support zone in the range of $0.16-$0.19 is a key factor in Dogecoin (DOGE) price movement going forward, according to analysis from Mitrade.com.

Analysts warn that if DOGE fails to hold above this level, the price could experience a significant drop, potentially even returning to the previous low.

Conversely, if this support zone is maintained, investor confidence could increase, opening up opportunities for further price gains.

On the other hand, the crypto world was rocked by the latest announcement from President Donald Trump, who revealed plans for the US Crypto Strategic Reserve. In the announcement, he mentioned Bitcoin BTC1.59%->Current BTC PriceRp 1.353.668.3691.59%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675, Ethereum (ETH), XRP, Solana SOL3.79%->Current SOL PriceRp 2.032.0163.79%Market CapRp 1.672 TriliunTrading VolumeRp 135,64 TriliunCirculating SupplyRp 479.179.305, and Cardano ADA3.08%->Current ADA PriceRp 11.5483.08%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 as key assets.

While Dogecoin wasn’t specifically mentioned, endorsements from important figures like Trump often have an impact on overall crypto market sentiment-which could ultimately have a positive effect on DOGE in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News Flash. Dogecoin to $4? New Price Prediction Charts the Path for DOGE. Accessed on March 4, 2025