Dogecoin (DOGE) Price Surge Incoming? Analysts Point to Historical Patterns

Dogecoin has been under heavy pressure over the last few months, but analysts are beginning to point toward a potential Dogecoin price surge.

Dogecoin (CRYPTO: DOGE) has been largely under pressure over the last few months, but analysts are beginning to point toward a potential Dogecoin price surge.

After hitting a 2-year high in November 2024, the meme coin has suffered a steep correction. It has lost over 50% of its value in less than six months.

This has been accompanied by a significant drop in trading volume, indicating low interest among retail and institutional traders alike. Back in mid-November 2024, Dogecoin saw a massive surge in trading activity, with daily volumes crossing $60 billion. However, by the end of March 2025, that figure had collapsed to below $3 billion.

This more than 90% drop in volume has only intensified concerns among investors. April hasn’t offered much relief either. Dogecoin’s average daily volume remains under $5 billion, suggesting that the crypto dump sentiment is still dominating the market.

This sharp decline in volume aligns closely with the ongoing narrative. As liquidity goes up, price volatility becomes more unstable, often leaving long traders exposed. On a Sunday, over $4 million in DOGE long positions were liquidated. More than 80% were from long traders; declines mounted due to the bearish pressure.

The above is the detailed content of Dogecoin (DOGE) Price Surge Incoming? Analysts Point to Historical Patterns. For more information, please follow other related articles on the PHP Chinese website!