Dogecoin's Quiet Phase May Precede 45% Price Surge, Analysts Say
1min read Dogecoin (DOGE), a meme coin that has seen its share of volatility, is currently trading around the $0.22 mark. Despite its recent lack of attention, analysts are suggesting that this quiet period could be a precursor to a significant price surge. The meme coin's low visibility on social media platforms is seen as a contrarian indicator, potentially signaling a calm before the storm.
Cryptohossel, a market expert, recently highlighted that Dogecoin is approaching a key resistance area around $0.202. If the coin can break through this level with strong volume, the analyst predicts that its price will likely see a significant increase toward the $0.30 zone. After reaching this target, the analyst expects a fast move toward $0.32, which is the next major resistance zone. The large green arrow on the chart emphasizes an expected trajectory, suggesting a parabolic move is possible once the breakout begins.
Cryptohossel has indicated that once the market really starts to heat up, with speculative interest shifting and demand rising, Dogecoin might once again deliver outsized gains. Given the meme coin’s history of sharp moves driven by retail enthusiasm and viral hype, this bullish forecast doesn’t seem so far-fetched. The analyst has warned traders not to underestimate “the biggest meme in the universe,” suggesting Dogecoin’s quiet phase could be misleading and may precede an unexpected and explosive rally.
Another analyst, identified as ‘Blockchain Baller’ on X, reports that Dogecoin could be reawakening as it forms a clean, rounded base on its price chart. Unlike the flashy quick surges the market has seen in the past, the analyst highlights that this time, price action is more measured, emphasizing a slow and controlled accumulation. Blockchain Baller has identified a key level to watch, predicting that $0.31 was the next major breakout magnet. She highlights that this level is not coincidental but rather a critical point where momentum typically shifts, leading retail traders to re-enter the market.
Despite the analyst’s bullish stance on Dogecoin’s future outlook, Blockchain Baller still warns traders to remain cautious and not dive into the market blindly. She emphasizes the importance of closely watching Dogecoin’s price movements in anticipation for a surge.
Ask Aime: Could Dogecoin's quiet spell signal a massive price jump?
