The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level. Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as ‘Mindbloome-Trading,’ the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors. Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024. Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value. While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoin’s price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coin’s next price level. What’s Driving Dogecoin’s Current Trend? The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoin’s bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future. One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com
Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions. Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated. These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market. Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000. The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls. At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
Recent price movements suggest a potential resurgence of Dogecoin’s upward momentum in the midst of growing volatility within the general crypto market. As a result, several crypto analysts continue to display robust confidence in the dog-themed meme coin’s upside trajectory toward higher levels. A Rally For Dogecoin Just Around The Corner? Despite prevailing bearish market […]
Dogecoin repeats its bullish 2021 fractal, with whales piling in and Elon Musk’s influence sparking speculation of an 85% rally.
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.