Dogecoin Dips 7% Today — But Analysts Say It’s Just the Calm Before Another Huge Run!

Jakarta, Pintu News – Dogecoin is expected to experience an upward price trend over the next few months, with the possibility of setting a new record high price, as patterns emerge that signal bullish momentum is returning.

Leading analyst, Trader Tardigrade, highlighted this pattern in a tweet on July 27, as Dogecoin stabilized around $0.241. DOGE did lose some of its gains last week, having corrected by 12.5% in line with the overall market trend.

Nevertheless, this dog-themed meme coin has recorded an impressive rise of 47% since the beginning of July. It even touched an increase of up to 73% when it reached a high of $0.288 last week.

Despite the recent decline, Tardigrade Traders point out that this uptrend is likely just beginning, given the potential for Dogecoin’s future movement.

Dogecoin Price Drops 7.49% in 24 Hours

Read also: Ethereum Slips 2% Today — Is a Massive $4,000 Breakout Just Around the Corner?

On July 29, 2025, the price of Dogecoin recorded a 7.49% decline within 24 hours, trading at $0.2245, equivalent to Rp3,682. DOGE had its lowest level at Rp3,651 and its highest level at Rp4,051.

At the time of writing, Dogecoin’s market cap stands at around $33.64 billion, with trading volume rising 31% to $2.85 billion within 24 hours.

Heikin Ashi Chart Shows Change in Dogecoin Trend

For context, a reputable market analyst revealed that the Heikin Ashi chart shows the first green candlestick appearance for Dogecoin in the monthly timeframe.

For those unfamiliar, the Japanese Heikin Ashi chart helps filter out the “noise” of price movements, making it easier to analyze trends clearly.

Tardigrade traders noted that this bullish candlestick came after five consecutive months of a downward trend in Dogecoin prices. During this downward phase, the price of DOGE fell from a peak of $0.332 to a low of $0.129, before recovering recently.

Meanwhile, the green candlestick in July does not simply indicate a price recovery. The analyst mentioned that this could be the beginning of a new significant upside phase for Dogecoin.

In particular, he predicted that DOGE could print several more monthly bullish candlesticks and reach unprecedented prices.

This bullish conviction is reinforced by the pattern’s similarity to previous movements. The trader explained that whenever a bullish trend appears in the Heikin Ashi chart, it is usually followed by the appearance of another green candlestick in the following months.

The included charts also make this scenario and its potential impact on the Dogecoin price clear.

In comparison, after reaching a high of $0.158 in November 2022, DOGE experienced an eleven-month price correction to reach a low of $0.056 in October 2023.

Then, the first bullish candlestick appeared in November 2023 and pushed DOGE to a high of $0.229 in March 2024.

Read also: 4 Memecoins to Hunt for August 2025, Ready to Jump 100x?

A similar pattern occurred again after the March 2024 high. Dogecoin weakened again between May and September 2024, before showing a change in direction again in October 2024 with the appearance of the first green candlestick. This triggered a price spike to reach $0.4846 in the following two months.

DOGE’s New Record High Follows a Repeating Pattern

Tardigrade traders have now identified that Dogecoin is heading towards its first monthly bullish candlestick since February.

If this meme coin follows the previous movement pattern again, then DOGE is expected to experience a price rally for several months until it reaches a new record high.

Specifically, the chart shared by the analyst projects a price increase that breaks through the previous peak of $0.748 to reach $0.85. This translates to a 252% jump from the current price of $0.241, and a 559% increase from the April low of $0.129.

Interestingly, Trader Tardigrade is not the only one predicting the potential for DOGE to reach record highs in the near future.

Another analyst, MangoMan4, also targeted the $0.85 mark in his latest analysis, citing a breakout from the resistance zone.

Meanwhile, MasterAnanda predicts a further surge to $1.17, and CryptoELITE even states that Dogecoin’s realistic target for this cycle is $5.

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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:

• The Crypto Basic. Top Analyst Says This Pattern Suggests Several Months of Uptrend Await Dogecoin. Accessed on July 29, 2025