 
 
Dogecoin (DOGE) traded relatively flat on Thursday, mirroring lackluster movements that have persisted since the beginning of the month.
Notably, attempts to recover last week, after prices rebounded from a flash crash to $0.20 earlier this month, have been watered down, with the top meme coin wiping out all of last week’s gains.
This silent price action comes amid a broader market trend. Further analysis reveals that key on-chain metrics, such as daily active addresses and transaction volumes, have remained relatively flat.
On-chain data also indicates a notable decline in whale activity. On Thursday, analyst Ali Martinez observed that large DOGE holders have adopted a “wait-and-watch” approach, with no significant buying or selling activity 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, suggesting a cautious sentiment among major investors, which is contributing to the current price stability.
 
Nevertheless, amid this price lull, analysts continue to assess this period as “the calm before the storm,” actively predicting triple-digit percentage gains.
Popular crypto analyst Trader Tardigrade tweeted his outlook on Thursday, saying that Dogecoin has entered the “Boring Phase.” According to the pundit, traders should “Expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.”
Notably, the chart accompanying his tweet compared Dogecoin’s recent flat trend in February 2025 to a similar pattern before a major rally in late 2017, suggesting DOGE may experience weeks of tight price consolidation before a significant upward rally if history repeats.
Earlier on Wednesday, the pundit also posted another analysis referencing Dogecoin’s weekly Stochastic RSI, a technical indicator that measures momentum. His analysis showed a crossover in the oversold zone, typically signaling a potential price rebound, supporting a bullish target of $1.50 per coin based on a target price inside an ascending channel.
Elsewhere, analyst Dima Potts predicted that Dogecoin could surpass $10, citing a historical pattern of peaks occurring every four years. He highlighted that the first cycle saw a 21,821% surge over 1,442 days, while the second followed the same timeline with an even greater 54,890% increase. Potts believes Dogecoin’s next peak could arrive around mid-April 2025 if this trend continues.
However, he also warned that DOGE would likely 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.” He wrote.
At press time, DOGE traded at $0.24, reflecting a 2.13% drop in the past 24 hours.
