Dogecoin (DOGE) Price Prediction: Analyst Anticipates Further Decline as Broader Crypto Market Slumps

Kevin, known for sharing insights and forecasting price movements for the king of meme coins, expressed a bearish outlook in an X post.

A popular cryptocurrency analyst predicted further declines in Dogecoin (CRYPTO: DOGE) price on Tuesday, as part of the broader sell-off in the crypto market.

What Happened: The analyst, known as Kevin and for sharing insights and forecasting price movements for the king of meme coins, expressed a bearish outlook in an X post.

“If BTC doesn’t bounce, then this probably has lower to go before finding a bottom,” the analyst cautioned, linking DOGE’s destiny with Bitcoin (CRYPTO: BTC) , the world’s largest cryptocurrency.

Earlier, Kevin had said that DOGE was “not in control of itself,” and its fate lies “purely in Bitcoin’s hands.”

Pretty bearish close for #Dogecoin. If #BTC doesn't bounce then this probably has lower to go before finding a bottom. pic.twitter.com/Rh3wJ3KT3Q

See Also: Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin’s Sister Coin NEIRO Plunges 3% After Sale

On similar lines, More Crypto Online, a widely followed X account dedicated to cryptocurrency technical analysis, projected DOGE to slip to $0.30 after the price dipped below a key support level.

“I would therefore not be surprised if the price drops back to 30 cents before making another attempt to rally. In this case, I would view it as an opportunity,” More Crypto Online said, sensing a chance to buy the dip.

$DOGE: While the price has broken below upper micro support the price is currently still holding above the $0.347 support level, though my view is that upper support ideally should not have broken. I would therefore not be surprised if the price drops back to 30 cents before… pic.twitter.com/ivhWyR29wp

Why It Matters: These predictions came as long-term holders of DOGE were selling. According to IntoTheBlock, DOGE holdings of “Diamond Hands” dropped by 0.88% in the last 24 hours, contrasting with increases in Ethereum (CRYPTO: ETH) and Tron (CRYPTO: TRX) holdings.

However, the popular Moving Average Convergence Divergence indicator, which compares two exponential moving averages to assess the momentum of the asset, showed a ‘Buy’ signal, as per TradingView.

Dogecoin could have a historic 2025, with a top analyst from Galaxy Research predicting that the largest meme coin would finally surpass $1 for the first time this year.

Price Action: At the last check, Dogecoin was trading 9.33% lower in the last 24 hours at $0.3551, as per data from Benzinga Pro. Year-to-date, the coin was up 12.50%, compared to nearly 273% in gains in 2024.