According to Coindcx, investors are starting to show renewed interest in Dogecoin, as its weekly chart suggests its price could start to rise. Dogecoin has declined for four weeks but has finally shown signs of recovery this week.
The price has moved above a crucial level on the chart, known as the Gaussian Channel; this usually means the trend could be turning positive.
Dogecoin's price has started to rise again after a decline, and this could be the beginning of a larger price increase. Experts and traders are regularly closing in, monitoring the $1 level as buying demand increases.
Weekly candle reversal signal is recovering.
This week, Dogecoin shows the first signs of growth after more than a month, with a green candle on the chart. This has broken a chain of red candles and indicates that Dogecoin's price is moving above the middle of the Gaussian channel.
This volatility often implies that the price could continue to rise in the coming week. Traders can detect price movements and changes with the help of the Gaussian channel. It has been trusted by technical traders for a long time.
Traders are feeling more hopeful as the current candle has moved above the middle of this channel. This setup resembles previous patterns before it experienced significant price increases, and many Dogecoin holders are starting to feel positive again.
Dogecoin market scenario.
Dogecoin is currently trading below $0.18. On Wednesday, April 30, 2025, Dogecoin's price was $0.1746 with a market cap of $26.02 billion. The trading volume in the last 24 hours was $888.46 million.
Compared to Dogecoin's price over the past 7 days. This cryptocurrency has seen its highest price of the week on April 26, 2025. It was trading at around $0.1921 with a 24-hour trading volume of $1.87 billion. Since then, the price of DOGE has decreased. Many analysts predict that Dogecoin could run a bull market in the coming months of 2025.
Eyes are on the $1 resistance level.
Dogecoin is currently focusing on the $1 mark. This price level is important for technological reasons and is also significant for the Dogecoin community. After reviewing the chart, experts state that Dogecoin could reach $1 very soon as the main trend line is close to this price level.
In 2021, when Dogecoin's price was near $1, it attracted a lot of media attention and investor interest. If it reaches that level again, it would be a significant technical achievement and would indicate that confidence in meme coins is starting to rise again.
On X, cryptocurrency analyst @TATrader_Alan shared that Dogecoin's weekly chart is showing four weeks of price decline, but this week, the candle has started to rise. It seems like it could break through the middle line, forming a green candle. There is also a trend line indicating that the price could reach near $1.
Market sentiment and volume are key.
The analyst warns that although recent candles are showing positive signs, more confirmation is needed. Trading volume will be a key factor to watch in the coming days. Dogecoin's price will need strong buying activity and favorable cryptocurrency market conditions to approach $1.
External market conditions, such as Bitcoin's stability and the level of risk investors are willing to accept, will affect its price. If Bitcoin can maintain its current range or start to rise again, meme coins like Dogecoin are likely to receive more attention and investment, which will help boost the price. Previously, Dogecoin's price often rose when speculative trading and social media trends spread. If the same happens again, it could trigger a rapid price increase.
Conclusion
The cryptocurrency market always has some instability, but this week, the setup for Dogecoin looks more positive than in many months. If trading volume increases and the price remains above key trend lines, Dogecoin could reach the $1 mark again.
People are watching to see if this upward momentum continues into next month. Dogecoin's price above $0.21 could lead to a significant surge if the current trend remains intact; this would make Dogecoin a strong-performing coin in the Altcoin market. Currently, Dogecoin's price is around $0.1745, still far from $1, but it's showing investors its strength, which they are hoping for.
