### Dogecoin (DOGE) Stays Steady Amid Market Trends
Dogecoin (DOGE) experienced a relatively stable trading day on Thursday, reflecting the subdued price movements that have characterized the market since the start of the month. After a brief recovery attempt last week, following a sharp drop to $0.20 earlier this month, the leading meme coin has since erased all of last week’s gains. This quiet price behavior aligns with broader market trends.
Further examination reveals that essential on-chain metrics, including daily active addresses and transaction volumes, have remained largely unchanged. Additionally, on-chain data points to a significant decrease in whale activity. On Thursday, analyst Ali Martinez noted that major DOGE holders have taken a “wait-and-watch” stance, with minimal buying or selling activity observed in recent days. “Dogecoin DOGE whales have stayed on the sidelines during the recent volatility, showing little to no significant buying or selling activity,” Martinez tweeted, indicating a cautious sentiment among key investors that is contributing to the current price stability.
Despite this price stagnation, analysts are viewing this period as “the calm before the storm,” with many predicting substantial percentage gains ahead. Well-known crypto analyst Trader Tardigrade shared his perspective on Thursday, stating that Dogecoin has entered what he calls the “Boring Phase.” He advised traders to “Expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.” Notably, the chart accompanying his tweet drew parallels between Dogecoin’s recent flat trend in February 2025 and a similar pattern observed before a significant rally in late 2017, suggesting that DOGE may undergo weeks of tight price consolidation before a notable upward movement, should history repeat itself.
Earlier on Wednesday, Trader Tardigrade also shared another analysis focusing on Dogecoin’s weekly Stochastic RSI, a technical indicator that gauges momentum. His findings indicated a crossover in the oversold zone, which typically signals a potential price rebound, supporting a bullish target of $1.50 per coin based on a projected price within an ascending channel.
In another perspective, analyst Dima Potts forecasted that Dogecoin could exceed $10, referencing a historical pattern of peaks occurring every four years. He pointed out that the first cycle saw an impressive 21,821% surge over 1,442 days, while the second cycle followed suit with an even more remarkable 54,890% increase. Potts anticipates that Dogecoin’s next peak could materialize around mid-April 2025 if this trend continues. However, he cautioned that DOGE is likely to experience a decline before its next major rally. “With recent price action, DOGE has maintained its historical pattern. I expect Dogecoin to gradually move toward the purple line or the $0.28 range, similar to previous cycles. Beyond this level, we should see increased volatility, with prices consolidating before pushing toward new yearly highs and eventually all-time highs.”
