Dogecoin Dips Slightly Today (3/14/25) – Analyst Ali Martinez Predicts a Massive DOGE Bull Run Ahead!

Jakarta, Pintu News – Recently, the Dogecoin (DOGE) network was reported to have undergone rapid expansion, with the number of new addresses doubling in the past month. This growth indicates an increasingly robust ecosystem, which could be the basis for higher price movements in the near future.

So, how is the Dogecoin price moving today?

Dogecoin price drops 1.99% within 24 hours

On March 14, 2025, Dogecoin (DOGE) saw a 1.99% decline over the past 24 hours, bringing its price down to $0.1681 (approximately IDR 2,763). Throughout the day, DOGE reached a high of IDR 2,837 and a low of IDR 2,666.

At the time of writing, Dogecoin’s market cap stands at around $24.88 billion, with trading volume dropping 12% to $1.39 billion within 24 hours.

Read also: 5 Crypto Recommended to Sell Ahead of FOMC Meeting

Dogecoin (DOGE) Poised for a Parabolic Rally to $3?

Crypto analyst Ali Martinez highlighted Dogecoin’s crucial position in a major price channel. According to him, DOGE is currently holding at a significant support level, which could be decisive for its further movement.

“If this support holds, we may see a bounce towards the middle or upper boundary of the price channel,” Martinez said, hinting at a potential bullish recovery towards $3 or higher.

In addition, the Stock RSI indicator suggests that the Dogecoin price could experience parabolic movements. In two previous instances-October 2023 and February 2024-when the Stock RSI formed a bullish crossover, the DOGE price jumped 88% and 187% respectively.

Now, on the weekly chart, the Stock RSI is again showing a bullish crossover signal, which could be the start of a major Dogecoin rally.

Dogecoin Network Experiences Significant Growth in New Addresses

Furthermore, analyst Ali Martinez also noted that the Dogecoin network has experienced rapid expansion in the past month. The number of new DOGE addresses has doubled, from 16,400 to 34,600.

Read also: How High Can Dogecoin Price Soar If DOGE ETF Approved in 2025?

This growth demonstrates the growing interest and adoption of Dogecoin, confirming its position as one of the growing crypto assets in the market.

With a stronger ecosystem, DOGE has the potential to maintain its bullish momentum and continue its rally to higher levels.

Dogecoin (DOGE) Bull Run on the Way?

Crypto trader Tardigrade has identified a recurring pattern in Dogecoin’s price movements, which indicates a potential bullish trend.

According to his analysis, the DOGE usually forms an initial low when the Relative Strength Index (RSI) enters the oversold zone. After that, the DOGE often prints a second lower low, while the RSI remains in a similar oversold zone.

Tardigrade mentioned that if this historical pattern reoccurs, Dogecoin could soon enter a massive bull run.

As of March 13, 2025, open interest on DOGE futures jumped by more than 4% to $1.40 billion, indicating increased trader participation in the derivatives market. In the past 24 hours, total DOGE liquidations have surpassed $7.24 million, signaling increased volatility.

On the other hand, investment firms like Bitwise continue to push for the approval of a Dogecoin ETF, which could potentially spark major activity and increase the adoption of DOGE in the market. If this ETF is successful, Dogecoin could enter an even stronger growth phase.

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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:

• Coingape. Dogecoin Price Targets $3 as DOGE Rebounds From Key Support. Accessed on March 14, 2025