Harga DOGE Bisa Melonjak ke US$4? Begini Analisanya

Dogecoin (DOGE) faced bearish pressure in early 2025, experiencing a 10% price drop over the past seven days. However, leading analysts have identified a potential bullish pattern that could propel DOGE to new highs.

One analyst on X, Ali Martinez, noted that Dogecoin's price movement continues to follow an ascending channel pattern established over a decade ago. If this pattern holds, the meme coin could reach US$4 in the coming months.

Dogecoin's Ascending Channel Pattern - Ali Martinez

This pattern consists of two upward-sloping trend lines, with the lower line acting as support and the upper line as resistance. DOGE has repeatedly bounced off the lower boundary, moving towards the upper boundary before correcting, repeating this pattern. Currently, the coin finds support around US$0.19. If this level holds, Dogecoin's price could surge to the resistance area around US$4, representing a bullish sentiment and a more than 1,500% increase from its current level. "Dogecoin just bounced off the support trend line. If history repeats itself, as long as DOGE stays above US$0.19, its price could rise to the trend line at US$4," he stated. However, a breakdown below US$0.19 could lead to a price drop to US$0.06, the next support level within this pattern.

Whale Activity and DOGE Price Movement - Ali Martinez

Beyond technical factors, significant investor (whale) activity supports the bullish sentiment. Martinez cited on-chain data showing whales accumulating approximately US$27.5 million worth of DOGE in recent days.

This significant accumulation suggests strong belief in DOGE's future price appreciation. Historically, when whales significantly increase their holdings, prices tend to rise due to increased demand and reduced supply. This strong buying pressure can also create a robust support zone, mitigating the risk of sharp price declines in the short or long term.

Increased Dogecoin Adoption

In addition to whale activity, reports indicate a more than 34% surge in monthly active addresses, reaching 6.57 million, a key factor underpinning Dogecoin's price increase. This signifies broader adoption and growing interest in DOGE among both retail and institutional investors. (Note: The original link has been removed as it appeared to be promotional).

Further bolstering market optimism is the potential launch of a Dogecoin-based Exchange-Traded Fund (ETF). Several investment firms are currently submitting proposals to convert their investment funds into ETFs. If approved, a Dogecoin ETF could significantly increase DOGE's exposure, boosting liquidity and attracting institutional investor demand.

Is a US$4 DOGE Price Prediction Realistic?

Dogecoin exhibits an interesting technical pattern with significant upside potential if the ascending channel pattern persists. Supported by whale activity and increased adoption, Dogecoin has a strong chance of reaching US$4. However, investors and traders should monitor the critical support level at US$0.19, as a breach below this could trigger a drop to US$0.06. Market sentiment will also be influenced by developments regarding the Dogecoin ETF, which could be a major catalyst in the coming months. Overall, Martinez's US$4 price prediction seems plausible.