Analyst Mentions DOGE’s Shocking Prediction: Bitcoin (BTC) Influence and External Factors

Jakarta, Pintu News – Dogecoin (DOGE), a cryptocurrency that is often considered a joke, seems to be preparing to repeat its dramatic rise. An analyst who previously successfully predicted a 300% surge in the Dogecoin (DOGE) price is now claiming that the same pattern will occur again. This analysis is based on chart formations that suggest the potential for significant gains in the near future.

Promising Technical Analysis

On the Binance 12-hour chart shared by World Of Charts (@WorldOfCharts1), Dogecoin (DOGE) is seen breaking out of a falling-wedge formation which is a bullish indicator. Since peaking at nearly $0.48 in early December, the Dogecoin (DOGE) price has seen five months of compression.

Any price increase has always stalled below the descending resistance trend line, which is now in the $0.155 zone. Parallel support is currently in the $0.14 area, which has prevented further price drops in March and April.

Also Read: Trump Attacks Powell, Stock Markets Fall, But Bitcoin (BTC) Surges!

Big Upside Potential

If this pattern repeats as in previous bursts, Dogecoin (DOGE) could reach up to $0.65, marking a new triple upside. The movement overlay measured by World Of Charts starts from the breakout point above $0.17 and projects a vertical rise to $0.21804, with a primary target of nearly $0.39. This suggests a potential gain of 138% from the trigger point, approaching the psychological threshold of $0.40.

Bitcoin (BTC) Influence and External Factors

Although Dogecoin (DOGE) analysis shows optimistic potential, Bitcoin (BTC) price movements still have a significant influence on the overall crypto market. Another analyst, Kevin (@Kev_Capital_TA), emphasizes that if Bitcoin (BTC) manages to break above $89,000 and shows strong gains, Dogecoin (DOGE) could quickly return to $0.26. This level is the 0.618 Fibonacci retracement of the November-March decline, which became the first substantial hurdle.

Conclusion

With all technical indicators in favor, as well as potentially influencing external factors, the chances of Dogecoin (DOGE) experiencing another price surge seem quite strong. However, failure to break resistance could keep the price in its current pattern, with the risk of further declines if the price falls below $0.15.

Also Read: Ethereum User Increase: A Sign of Price Recovery in May 2025?

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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 Trader Who Nailed 300% Rally About to Repeat. Accessed on April 23, 2025
• Featured Image: Generated by AI