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Dogecoin (Doge) exchanged relatively flat Thursday, reflecting dull movements that have persisted since the beginning of the month.
In particular, the attempts to recover last week, after prices rebounded a flash accident at $ 0.20 earlier this month, were watered down, with the highest piece of meme destroying all the gains last week.
This silent price action comes in the middle of a wider market trend. A more in -depth analysis reveals that key measures on the chain, such as daily active addresses and transaction volumes, remained relatively stable.
The chain data also indicates a significant drop in whale activity. Thursday, analyst Ali Martinez observed that DOGE Holders have adopted a “wait” approach, without significant purchase or sales activity in recent days.
“The Dogecoin Dogey whales stayed on the key during the recent volatility, showing little or no significant purchase or sales activity,Martinez tweeted, suggesting a prudent feeling among the main investors, which contributes to current prices stability.
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However, in the middle of this price lull, analysts continue to assess this period as “calm before the storm”, actively predicting three -digit percentage gains.
The merchant of the Popular Crypto analyst Tardigrade tweeted his prospects on Thursday, saying that Dogecoin had entered the “boring phase”. According to the expert, traders should “expect close consolidation at the current level in the coming weeks before the massive Doge rally”.
In particular, the graph accompanying its tweet Compared the recent flat trend of Dogecoin in February 2025 to a similar model before a major rally at the end of 2017, suggesting that Doge could feel weeks of tight price consolidation before a significant rise rally if History FIFF.
Earlier Wednesday, The Pundit also published another analysis referring to RSI Stochastic Weekly Dogecoin, a technical indicator that measures the momentum. His analysis has shown a crossing in the Surolon area, generally pointing out a potential price rebound, supporting a bullish target of $ 1.50 per room on the basis of a target price inside an ascending channel.
Elsewhere, analyst Dima Potts predicted that Dogecoin could exceed $ 10, citing a historic scheme of peaks occurring every four years. He stressed that the first cycle saw an increase of 21,821% over 1,442 days, while the second followed the same calendar with an even larger increase of 54,890%. Potts thinks that the next Dogecoin summit could arrive in mid-April 2025 if this trend continues.
However, he also warned that Doge would probably have a drop before his next major rally.
“With a recent price action, DOGE has maintained its historic model. I expect Dogecoin to gradually move to the purple line or the $ 0.28 beach, similar to the previous cycles. Beyond this level, we should see increased volatility, the prices consolidating before pushing for new annual summits and possibly peaks of all time. »» He wrote.
At the time of the press, DOGE exchanged $ 0.24, reflecting a drop of 2.13% in the last 24 hours.