Dogecoin's price is currently striving for a significant breakout as whale activity surges, with a recent transfer of 478 million DOGE, equivalent to approximately $72.9 million, reported on April 17, 2025. This massive movement between unknown wallets has sparked speculation about potential price fluctuations in the coming weeks. Analysts are predicting that DOGE could see a rally of up to 150% over the next 93 days, provided it can break through a critical resistance level.
As of 11:56 AM EST, Dogecoin was trading at $0.1552, down 0.1% in the last 24 hours, with trading volume decreasing by 2.2% to $682 million. The increase in whale activity has historically been a precursor to significant price movements, indicating that large investors are preparing for a major shift. This raises the question: will DOGE rise above its current levels or face a downturn?
Trader Tardigrade, a prominent crypto analyst, noted that Dogecoin has recently breached a key resistance level, suggesting that the meme coin is entering a bullish phase. He highlighted that the growing volume of DOGE is a sign of strong buying pressure. The price action appears to be consolidating within a triangle formation, which often precedes substantial price movements.
Another respected analyst, Javon Marks, has a more optimistic outlook, forecasting that DOGE could surge beyond 150% to reach $0.40, driven by a significant bullish divergence on the charts. The sentiment on social media platforms, particularly X, remains overwhelmingly positive, with traders expressing excitement about DOGE's potential to reclaim higher price levels.
However, Dogecoin is facing formidable resistance in the $0.1661 range, which corresponds to the 50-day simple moving average (SMA), and a more substantial barrier at the 200-day SMA of $0.2381. Additionally, DOGE is approaching a falling trendline that has restricted its growth since the beginning of 2025. A successful breakout above this line could propel the price toward the next resistance level at $0.3213.
On the flip side, if the bears gain momentum, support levels are identified around $0.1411, with a more reliable bottom at $0.1373. The Relative Strength Index (RSI) is currently neutral at 45.76, indicating a potential shift toward oversold territory, while the Chaikin Money Flow (CMF) at 0.02 suggests moderate buying pressure.
The recent whale movements and the overall bullish sentiment indicate that Dogecoin is at a critical juncture, with the potential for significant price action in the near future. A breakout above $0.1661 and $0.1880 could guide DOGE toward the $0.3100 mark. Conversely, failure to overcome the trendline resistance may result in a retreat to $0.1411 or lower.
Investors are advised to exercise caution, monitoring whale wallets and the 50-day SMA closely, as Dogecoin is known for its wild price fluctuations.
In a separate analysis, the performance of SUI crypto and TON coin has been under scrutiny as both assets have seen significant depreciation compared to their peak prices last year. SUI and TON have emerged as two of the most talked-about cryptocurrencies in 2024, but which one offers better prospects?
As of mid-April 2025, the market capitalization of TON's stablecoins reached $1.42 billion, with a total value locked (TVL) of $772.91 million recorded in July 2024. However, the volume of trading on decentralized exchanges (DEX) for TON has plummeted from a peak of $192.63 million in November to just $6.42 million in the last 24 hours.
Conversely, SUI's TVL peaked at $2.20 billion in early January but has since decreased to $1.25 billion. Interestingly, the market value of SUI's stablecoins hit an all-time high of $802.5 million over the last 24 hours, while trading volume on DEX remained robust, oscillating around $472.54 million.
At the time of writing, TON was trading at $2.94, representing a 64.4% discount from its historical high in June. Its market value stands at $7.38 billion, reflecting a decline of 52.09% yet still 608% above historical lows. In contrast, SUI was priced at $2.08, equating to a 61% discount from its peak in January 2025, with a market value of $6.77 billion.
While TON may appear more valuable at first glance due to its higher price and market capitalization, SUI's lower valuation suggests greater growth potential. The downward pressure on TON began in June, and despite a rally in November, it has failed to achieve new highs, indicating weaker demand compared to SUI, which recently reached new historical peaks.
The higher trading volume on SUI's blockchain suggests it is outperforming TON in terms of utility. Analyst @TheSimpleVenom pointed out that TON's performance may be linked to its reliance on Telegram-based projects, which often lack durability. In contrast, SUI's projects have shown better results and a more serious focus.
Ultimately, the superior performance of the SUI network could enhance the demand and utility of SUI crypto compared to TON and its native blockchain. However, the future of both cryptocurrencies hinges on whether TON can mount a significant comeback in the next bullish market phase, leveraging its association with Telegram, one of the world’s most successful social media platforms.
