Dogecoin Price Slumped 5% Today (3/28/25): Crypto Analyst Optimistic DOGE will Rise to $8!

Jakarta, Pintu News – On March 28, 2025, the price of Dogecoin DOGE3.19%->Current DOGE PriceRp 2.7323.19%Market CapRp 914,37 TriliunTrading VolumeRp 74,07 TriliunCirculating SupplyRp 147,24 Miliar decreased by 5%, trading at around $0.1888 per token.

Despite this, some crypto analysts remain optimistic that DOGE has the potential to reach $8 in the near future. This optimism is based on technical analysis that suggests a possible bullish rally if DOGE is able to break key resistance levels and maintain positive momentum.

Dogecoin Price Drops 5% within 24 hours

On March 28, 2025, Dogecoin (DOGE) saw a 5.19% drop over the past 24 hours, with its price slipping to $0.1888, or approximately IDR 3,140. During the day, DOGE reached a high of IDR 3,312 before falling to a low of IDR 3,123, reflecting a volatile trading session for the popular meme coin.

At the time of writing, Dogecoin’s market cap stands at around $28.06 billion, with trading volume also dropping 40% to $1.22 billion within 24 hours.

Read also: Ethereum Falls to $1,900 Today (March 28) — Is a Major Investor Comeback on the Horizon?

Traders Predict Dogecoin Price to Surge to $8

Recent analysis from a prominent trader shows that the Dogecoin price has successfully broken out of the downtrend line that has been forming for the past three months. Since the beginning of the trend formation in January 2025, Dogecoin has continued to experience downward pressure within that trend line.

However, the price breakout in March 2025 became a pivotal point that triggered great interest from the crypto market.

Dogecoin recorded a significant price movement that could be the start of the next upward movement. Market participants are now watching this trend closely as it could signal strong momentum in the coming weeks.

The top trader has just released his technical assessment which predicts that Dogecoin (DOGE) will experience notable price fluctuations. According to his analysis, DOGE’s price movement formed a bullish pattern with two previous significant spikes in 2017 and 2023.

Read also: Dogecoin Price Prediction: Tardigrade Trader Analyst Says DOGE Has the Potential to Increase 10-Fold!

The market analyst predicts that Dogecoin will enter another bullish phase, potentially pushing the price to $8. This analysis shows a consistent uptrend, signaling that similar growth could happen in the near future.

How High Can the DOGE Price Go This Week?

As of March 26, 2025, the Dogecoin (DOGE) price is hovering around $0.19643 and showing signs of growth after a brief consolidation phase.

DOGE is moving in a price range between $0.15 to $0.20, and continues to follow an uptrend in an upward-pointing channel pattern.

Technical analysis supported by the MACD indicator reinforced the bullish view through a positive histogram and signal line crossover. The current market momentum is still in the hands of buyers, supporting the possibility of further price increases.

The current trend shows potential to continue, as the MACD indicator breaks the zero line from bottom to top. Meanwhile, the Relative Strength Index (RSI) value is currently at 65, signaling that DOGE is starting to enter an overbought area.

Traders are now focused on a potential break of the $0.20 resistance level which, if it happens, could push the price towards $0.220.

Dogecoin’s short-term price prediction foresees further upside potential if it manages to cross the resistance, with the next target at around $0.25.

However, if there is major selling pressure around the $0.20 level, there will likely be an adjustment of support to the $0.18 range.

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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. Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline. Accessed on March 28, 2025