Dogecoin Rise Prediction: Technical Analysis Shows Chance in April 2025?

Jakarta, Pintu News – In a recent report shared on X, crypto analyst Kevin (@Kev_Capital_TA) revealed that Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- may be approaching a pivotal point that could determine its next direction.

Using the weekly chart of DOGE/USD, Kevin shows that there is a high probability for a significant move in the near future. This analysis focuses on the importance of maintaining key support levels to ensure significant upside potential.

Technical Analysis Shows Opportunities

Kevin emphasized the importance of the $0.139 level as key support for Dogecoin (DOGE). According to him, this area offers a rare opportunity with phenomenal risk-reward potential. “It is important for Dogecoin (DOGE) to hold this level while waiting for higher time indicators such as the 3-Day MACD, Weekly Stoch RSI, and 2-Week Stoch RSI to fully reset,” Kevin said.

The indicators suggest that Dogecoin’s (DOGE) momentum profile is approaching a point where selling pressure could subside and bullish forces might re-emerge. This signals that, while there is no guarantee of an immediate price increase, the current market structure allows for more upside potential than downside.

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Bitcoin’s Impact on Dogecoin

Kevin also linked the fate of Dogecoin (DOGE) to the broader crypto market conditions, especially the price of Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-. “As long as Bitcoin (BTC) maintains these levels and doesn’t drop below $70,000, I really like this position on DOGE,” Kevin said. This suggests that Bitcoin (BTC)’s stable performance is critical for Dogecoin (DOGE) to maintain its position near $0.139.

A decline in the price of Bitcoin (BTC) could threaten bullish setups for other altcoins, including Dogecoin (DOGE). Therefore, it is crucial for investors to monitor these two assets simultaneously to get a better idea of the overall crypto market direction.

Investment Strategy and Future Outlook

From a trader’s perspective, Kevin suggests that this is a good time to allocate investment to Dogecoin (DOGE) from a trading standpoint. “If I was ever looking for the right time to allocate to Doge, I would definitely capitalize on this point,” he said.

This reflects its belief in the potential stability and price increase of Dogecoin (DOGE) once the higher time indicator fully resets. From the holder’s point of view, it is quite simple: hold $0.139 while waiting for the higher time indicator to reset and prepare for the next big move. This shows that once the momentum and trend signals reverse from the reset level to the upside, a rally could occur if external factors, especially Bitcoin’s (BTC) performance, remain favorable.

Conclusion

With Dogecoin (DOGE) currently trading at $0.17534, all eyes are on the critical $0.139 level. If Dogecoin (DOGE) manages to hold this support by the weekly close, it could be the jumping-off point for the next “big move” that the community has been waiting for. Investors and crypto enthusiasts are advised to monitor these indicators and broader market conditions to make informed investment decisions.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Ready for the Next Big Move. Accessed on March 25, 2025
• Featured Image: Generated by AI