Dogecoin Price Drops 2% Today (3/18/25): DOGE Shows Doji Candle Pattern, Ready to Rally to $1?

Jakarta, Pintu News – Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply-, the largest meme coin by market capitalization, has experienced a significant decline in the past three months, falling more than 70% from its high of $0.48434 (IDR 7,933) to a low of $0.14280 (IDR 2,338).

However, a top analyst discovered a technical pattern that previously preceded a massive price spike. Is DOGE ready to rally towards $1 (IDR 16,375)?

Dogecoin price drops 2.54% in 24 hours

On March 18, 2025, the price of Dogecoin (DOGE) recorded a decline of 2.54% in 24 hours, trading at $0.1679, equivalent to IDR 2,758. DOGE had its highest level at IDR 2,890 and its lowest level at IDR 2,749.

At the time of writing, Dogecoin’s market cap stands at around $24.96 billion, with trading volume rising 13% to $1.1 billion within 24 hours.

Read also:Ethereum Price Dips Slightly Today (3/18/25) – But Analysts Predict a Comeback Is Near!

Weekly Doji Signal: The Beginning of a Big Upswing?

Despite today’s DOGE price drop, renowned crypto analyst Trader Tardigrade recently revealed that Dogecoin is showing a doji candle pattern on the weekly chart.

Doji is a candlestick pattern where the opening and closing prices are almost the same, signaling uncertainty between buyers and sellers.

While a doji itself is a neutral pattern, in a broader context, it can be a sign of a trend change. Trader Tardigrade highlighted that a similar pattern appeared before Dogecoin experienced a 240% surge in the fourth quarter of 2024.

If this pattern proves accurate again, Dogecoin could be set for a significant rise in the near future.

DOGE to $1?

Based on Tardigrade Trader’s analysis, if Dogecoin follows the previous pattern, the price of DOGE could surge to $0.95 (IDR15,556), approaching the psychological target of $1 (IDR16,375). This suggests that the market could enter a stronger bullish phase.

Read also: MUBARAK Meme Coin Skyrockets! BNB Chain Surpasses Solana—Is $720 Next for BNB?

However, as of today, DOGE is still trading at $0.1679 (IDR2,758), registering a decline of more than 2% on the day. With volatility still high, investors still need to be cautious in making investment decisions.

Overall, although Dogecoin has been under heavy pressure in recent months, technical signals point to a potential trend reversal. If this doji pattern triggers another rally like in late 2024, DOGE could approach the $1 price in the next few months.

However, investors should keep a close eye on market conditions and macroeconomic factors that may affect price movements.

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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:

• TheCryptoBasic. Top Analyst Spots Major Sign for Dogecoin Reversal That Previously Led to 240% Surge. Accessed March 18, 2025.