Join Our Telegram channel to stay up to date on breaking news coverage
The Dogecoin price jumped over 3% in the last 24 hours to trade at $0.16169 as of 4:44 a.m. EST on a 94.6% surge in trading volume to $870 million.
As the DOGE price begins to show signs of life, top crypto analyst Steph has predicted a staggering 500% surge for the price of Dogecoin in the coming weeks. Steph’s analysis points to historical patterns in DOGE’s price action in which the meme coin soared 501% between August 2024 and January 2025 before entering a correction phase.
💥 SIGNAL:$DOGE BOTTOM SIGNAL FLASHING.
PREPARE FOR +500% IN THE NEXT WEEKS! #DOGECOIN pic.twitter.com/qGI9Sea4ZJ
— STEPH IS CRYPTO (@Steph_iscrypto) April 19, 2025
The forecast highlights what Steph calls a “bottom signal” for the meme-inspired cryptocurrency, with the potential to surge another 500% to $0.9 in the next 129 days if the analysis plays out.
Dogecoin Price Eyes 9% Jump In The Short Term
The Dogecoin price is currently in a downward trend, though signs of potential reversal are visible. The price remains below the 200-day and 50-day Simple Moving Averages (SMA), confirming a bearish macro trend.
The meme coin has been consolidating between demand and supply zones for 42 days, hinting at a potential breakout setup.
Furthermore, the Relative Strength Index (RSI) is at 48.47, a neutral zone. However, the indicator is facing upward, signaling that bullish momentum is rising and there’s room for upward movement.
The most recent candle shows a bullish engulfing pattern near the demand zone, indicating buyers are stepping in and possibly forming a short-term bottom. This move is happening after a liquidity sweep, which is a strong signal for a potential bounce or rally.
DOGE/USDT Chart Analysis (Tradingview)
Up ahead, the DOGE price faces resistance around the $0.17 – $0.18 zone. However, with volume surging amid the Bitcoin price recovery above $87,000, Dogecoin might breach this barrier and soar higher to $0.259 as it makes its way to Steph’s 500% prediction target.
Conversely, if the price of DOGE fails to break out of the consolidation zone, it may drop back to the bottom of the range around $0.145 – $0.152. A deeper correction may turn the price of DOGE even more bearish, and it may seek lower support around $0.13.
As Dogecoin prepares to head toward $0.17, Solaxy (SOLX), a pioneering layer-2 scaling solution for the Solana blockchain, is defying the odds with an ongoing presale that has just zoomed past $30.9 million.
Popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X after launching.
Solaxy (SOLX) Presale Soars Past $30.9M — Next 100X Coin?
Solaxy is on a mission to tackle Solana’s persistent network congestion issues by mirroring the success of Ethereum’s layer-2 solutions, such as Arbitrum and Optimism.
The project will process transactions off-chain and settle them on Solana’s mainnet, thereby enabling faster transactions and resulting in lower fees. It will also address pain points exposed during Solana’s meme coin frenzies, which have strained the network.
The project’s cross-chain bridge, which will connect Solana with Ethereum, will enable seamless asset transfers, boost liquidity, and expand use cases for decentralized finance (DeFi), NFTs, and gaming.
Solaxy’s integration with Best Wallet further simplifies participation, allowing investors to purchase and manage tokens in-app. As Solana’s ecosystem grows, Solaxy’s first-mover advantage as Solana’s premier layer-2 solution positions it for significant impact.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
The presale’s success is fueled by Solaxy’s compelling staking program, offering an annual percentage yield (APY) of up to 130%. Over 8.8 billion SOLX tokens are already staked, reflecting strong community trust and reducing potential selling pressure at launch.
Priced at $0.0017 per token, investors can join the presale using BNB, ETH, USDT, or a bank card at the official Solaxy website before the next price hike in less than 7 hours.
Related Articles:
- Number Of Addresses Holding Over 1,000 Bitcoin Surges To 4-Month High
- Bitcoin Price Jumps 2% As Metaplanet Buys Another 330 BTC
- WCT Drops 2% As Investors Pivot To This $11.7M Crypto Wallet Rival
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
