Is Dogecoin About to Repeat Its 500% Rally Pattern?

There are some price predictions that point towards a further fall in value before DOGE sees any surges.

Cryptocurrency market is mostly in green today as most cryptocurrencies have shown a one or two-percent gain. Nevertheless, DOGE price was not an exception as it has recorded 1.47% daily gains, reaching $0.1606 in value.

Just like the price action, the DOGE price prediction, which was given by analysts, does not present confidence. Some analysts believe that a massive Dogecoin price surge is on the way. However, we also have crypto experts who think we will see a significant fall in value before reaching the next DOGE price rally.

There are some price predictions that point towards a further fall in value before DOGE sees any surges. SwallowAcademy has provided one such analysis with the prediction of a fall before a potential rally. They used the Dogecoin and USDT pair to conduct the analysis and reached the conclusion that the price might crash by 40%. With a current price of $0.1606, DOGE might go as low as $0.09 before its recovery.

Additionally, this market analyst has also highlighted a previous pattern where Dogecoin fell from $0.23 to $0.09. Then, the price saw a recovery, which extended to a rally, reaching $0.45.

Chart 1 – Provided by Steph is Crypto, published on X, April 21, 2025

Some crypto analysts, such as Steph is Crypto, have already spotted signs of a potential DOGE price surge. In his analysis, this crypto expert highlighted a pattern in this coin’s price action that was historically seen before a surge.

This pattern includes a few weeks of bearish price action before the Dogecoin price surged nearly 500%. In his X post, this crypto analyst claimed that the DOGE price has hit bottom now. As such, he believes, just like the last time, now, after a 129-day decline, we will see a DOGE price rally. Consequently, if the same pattern is repeated, we will see a rally towards $0.73583.

However, SwallowAcademy’s analysis now points towards DOGE experiencing the same price action again. As such, there must be a fall before the price surges four consecutive times and reaches the $0.45 price.

This Dogecoin price analysis and prediction can also be supported by some recently published DOGE on-chain data.

According to the data released by IntoTheBlock, we have recently had significant shifts in the Dogecoin holders’ dynamic.

Last month, we saw a 2.67% decrease in the number of investors who had held DOGE for over 1 year. Additionally, the number of investors who held 1 to 12 months also dropped by 12%. However, we saw a nearly 100% surge in the number of people who invested in DOGE for less than a month.

As such, we will see more drops and surges in price as short-term investors create volatility. They usually react faster than long-term holders, extending small price movements.

The recent change in large investors’ movement can also be a sign that reaffirms the DOGE price prediction.

Based on the market data, big DOGE investors have increased their inflow by nearly 324% over the last month. Over the last week alone, the inflows surged by 5%.

Despite this increase in inflows, the DOGE market is currently dominated by retail and small traders. However, there is still useful information to extract from the change in whale behavior. The increase in large investors’ accumulation is usually a sign of a significant upcoming market movement.