Dogecoin: today the price rally has stopped, is a decline expected?

In recent weeks the price of Dogecoin had risen significantly.

Today, however, that run has stopped.

To be honest there were no solid reasons behind such growth, so it was to be expected that sooner or later it would stop.

What is difficult to predict instead is whether the decline will continue and, if so, where it will stop.

The recovery of Dogecoin’s price

This recovery started in mid-April.

In fact, at first it struggled quite a bit, so much so that between the 18th and the 20th of the month there had already been a first small correction.

Starting from the 22nd, however, the price of Dogecoin began to rise again, up to the local peak the day before yesterday.

Shortly before mid-April it was below 9.1 cents on the dollar, and after the first small correction the drop had stopped at 9.3 cents.

The local peak the day before yesterday was reached above 11.6 cents on the dollar ($0.116), with a 29% rebound in a little more than three weeks.

Mind you, these are still very low levels both compared to the 2025 peak (48 cents on the dollar), and especially compared to the all-time high five years ago (73 cents).

The reversal

The day before yesterday, a few hours after recording the local peak, the price of Dogecoin started to fall.

In just one hour it fell from 11.6 to 11.2 cents on the dollar, revealing fragility, and over the following hours it then fell below 11 cents as well.

Initially it might also have seemed like a correction similar to that of April 18, but there are some differences that instead suggest a real reversal.

First of all, on April 18 it had risen only 12% compared to the price from which the climb had started. Instead, the day before yesterday it had already reached +29% compared to that same starting point. A +29% in just over three weeks looks like nothing more than a small speculative bubble if it is not supported by fundamental logic (as in this case).

The second difference is that on the 18th there was no sudden crash like the -3% in a single hour the day before yesterday. This -3% very much looks like the bursting of a small bubble.

Finally, shortly after mid-April the drop stopped at -9% in a little more than two days, while the current one has already reached -9.5% with more or less similar timing. To be honest this third difference is minimal, but combined with the other two it paints a different picture.

The end of the decline

Now there are two questions.

The first is: when will the decline end?

In theory there are already some small signs that a possible conclusion may have occurred a few hours ago, but these signals are still too weak to be considered valid.

The point is that the rise started below 9.1 cents on the dollar, and had temporarily stopped just below 9.5. The current 10.6 cents could in theory still be a price that is too high to think that the bursting of this small bubble can already be considered over.

Probably the key level at this moment is 10.5 cents: if it manages to stay above this threshold for a while, perhaps the decline could also come to an end.

The second question is: what will it do afterwards?

This question is almost impossible to answer, also because the price of Dogecoin is now purely speculative, and completely dominated by retail investors, who at the moment moreover are speculating very little on memecoins.

The fact is that, with the exception of April 29, Dogecoin’s trading volumes over the past three months have been really low. It is enough to consider that the average of the last 30 days has fallen to a level three times lower than that of the end of 2025.

In such a situation there are not only no fundamentals that justify the recovery of recent weeks, but in theory there would not even be any to justify any further rises in the future.

The bull run

However, this does not change the fact that in recent weeks there has been a small bull run underway on altcoins which, in the case of Dogecoin, could easily be described as a mini-rally.

There is the theoretical possibility that the mini-rally has not ended, but is only going through a temporary correction.

If at some point it were to start again, the price of Dogecoin could also start rising again, although the prevailing hypothesis is that of a short bull run that is not particularly pronounced in terms of price increases.

For now, however, there are still no clear signs that this is precisely the scenario towards which the crypto market is heading in the medium-short term. It will therefore be necessary to wait a few more days to see whether such signals emerge or not.