Dogecoin Flashing Bottom Signal, Analyst Eyes 501% Rally Ahead
- Analyst Steph is Crypto predicts a potential 500% Dogecoin rally, mirroring a 129-day historic fractal pattern.
- SwallowAcademy foresees a 40% drop to $0.09 before a possible 400% rebound to $0.45 in 2025.
- Short-term holders rose by 107.45%, while large holder activity surged 3,722% in 90 days, hinting major accumulation.
A renewed wave of optimism is spreading through the Dogecoin market as analysts identify a chart pattern strikingly similar to its historic breakout. A respected voice in crypto sector, Steph is Crypto, believes Dogecoin is lining up for a massive rally of more than 500%, a bold claim grounded in past market behavior.
Back in an earlier cycle, Dogecoin underwent a long downtrend that lasted 129 days before exploding from about $0.067 to $0.403. That marked a staggering 501.63% climb. Now, Steph sees the same setup forming again after a similar 129-day slump. If history repeats itself, it could reach as high as $0.73583 in the coming weeks.
Bottom signal flashing, Steph posted on X, alerting followers to get ready for the move. The post emphasized the possibility of a powerful breakout coming soon, based on the recurrence of the same fractal that led to the prior surge.
Dogecoin 40% Decline Expected Before Climb
On the flip side, a separate analysis from TradingView by SwallowAcademy paints a different pathone that suggests Dogecoin might fall before it climbs. Their chart, focusing on Dogecoins price action against Tether (USDT) on a daily timeline, illustrates its volatile nature, especially in the year 2024.
After touching nearly $0.23 earlier in 2024, the cryptocurrency saw a sharp pullback, dipping to $0.09 before rebounding above $0.45. SwallowAcademy expects a comparable trend to continue in 2025, forecasting that Dogecoin could decline by 40% to retest the $0.09 support level. From there, the analyst believes it could rally fourfold, eventually retesting the $0.45 mark.
As of now, it sits above $0.15, and SwallowAcademy continues to monitor for the predicted dip before entering a long position. This approach underlines a cautious optimism, highlighting that the road up may come after another fall.
Shifting Holder Activity Signals Growing Speculation
Meanwhile, data from IntoTheBlock provides additional insights into Dogecoins outlook. The activity among holders shows a significant shift. Long-term holdersthose who have held the coin for a year or moredropped by 2.67% over the past month. Those holding for one to twelve months, known as cruisers, declined by 11.81%.
On the other hand, the number of short-term Dogecoin holders has jumped sharply. Traders who held the token for under a month rose by 107.45%, suggesting growing speculative interest. This shift hints at increased short-term volatility as these quick movers react to market fluctuations.
Despite these mixed signals, another angle offers a stronger long-term view. The data reveals that large holder inflowsinvestors moving significant volumesare rising at a steep pace. Over the past week, these inflows have increased by 5.33%. In the last 30 days, the rise stands at 323.86%. The most notable change, however, is a staggering 3,722% increase in large holder activity over the past 90 days.
That kind of accumulation suggests major players are preparing for a bigger move ahead, even as smaller, short-term traders fuel day-to-day price swings. Together, these patterns reflect a complex but increasingly hopeful landscape for Dogecoins future.
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Read more: https://www.tronweekly.com/dogecoin-flashing-bottom-signal/
Text source: TronWeekly
