Dogecoin Price Corrected Today (4/28/25): DOGE Ready for $0.65?

Jakarta, Pintu News – The price of Dogecoin has again caught the attention of crypto traders and investors, after recording a weekly gain of more than 15% in line with the positive trend in the overall market.

However, an unusual spike in the Open Interest (OI) of DOGE futures has taken center stage, with its value breaking the $2 billion mark. This figure indicates growing market interest in the asset, opening up opportunities for more bullish price movements ahead.

On the other hand, a leading crypto market analyst also predicted, in this positive market dynamic, that Dogecoin could potentially experience a price rally to reach $0.65.

So, how is the Dogecoin price moving today?

Dogecoin Price Drops 0.07% within 24 Hours

On April 28, 2025, Dogecoin (DOGE) saw a slight 24-hour correction of 0.07%, trading at $0.1784, or approximately IDR 3,028. During the day, DOGE reached a high of IDR 3,084 and dipped to a low of IDR 2,939.

At the time of writing, Dogecoin’s market cap stands at around $26.54 billion, with trading volume dropping 14% to $1.46 billion within 24 hours.

Read also: Ethereum Price Dips on April 28 — But Whale Holdings Stay Surprisingly Strong!

Dogecoin price heading towards $0.65? Analysts Predict When DOGE’s OI Breaks $2 Billion

Renowned crypto market analyst Javon Marks, through his post on X, predicts that the Dogecoin price could potentially reach $0.65 in the near future.

This optimistic prediction is based on the formation of a ‘regular bullish divergence’ pattern on the price chart of the meme coin.

Marks also emphasized that the bears’ market dominance of this asset is starting to weaken. As a result, according to him, the price of DOGE is starting to show signs of great strength and looks set for a breakout.

Meanwhile, another popular crypto analyst, Carl Moon, also gave a positive prediction for Dogecoin.

In his post on X, Carl stated that the Dogecoin price has managed to break out of the ‘falling wedge’ pattern and has the potential to experience a huge surge in the near future.

Specifically, he predicts the next price target for DOGE to be around $0.43. For your information, a falling wedge pattern usually indicates a bullish breakout.

Read aksi: BitGuru Crypto Analyst Predicts Dogecoin Price is Moving Toward $1!

DOGE Price Jumps 17% in 1 Week

At the end of the week, the price of DOGE had recorded a 0.5% increase in intraday trading, trading at $0.1827.

The weekly chart of this meme coin also shows an increase of 17.58%. Overall, this upward trend further strengthens investors’ optimism of an impending bullish rally.

At the same time, data from Coinglass shows that the Open Interest (OI) of DOGE futures today increased by more than 3%, reaching $2.08 billion. Its derivatives market volume also jumped 15% to $4.56 billion. This on-chain data emphasizes the growing market interest in Dogecoin, increasing the chances of a price rally.

In addition, Dogecoin options volume is also up 83% today, accompanied by a 160% jump in options open interest. Overall, traders and investors are now anticipating more bullish price movements, supported by strong market technical indicators.

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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. $2B DOGE In 24 Hours Hints At Dogecoin Price Breakout To $0.65. Accessed on April 28, 2025