Dogecoin (DOGE) is holding strong above a key price level after a small market dip on Sunday, putting it at a crucial turning point. The meme coin recently broke out of a monthly downtrend that has kept its price suppressed since late March, signaling a potential shift in momentum. Related Reading: Analyst Predicts AVAX Breakout: Is $30 The Next Target? Analysts and investors are growing increasingly optimistic about DOGE’s latest price action, with some predicting that if Dogecoin breaks above the $0.12 mark, it could trigger a larger rally in the meme coin space. However, the next few days will be critical in determining whether DOGE can lead this rally or if it will need a period of consolidation before pushing higher. As the broader crypto market looks for direction, all eyes are on Dogecoin to see if it can capitalize on this positive momentum and set the stage for further gains. Dogecoin Holding Strong Above $0.10 Dogecoin (DOGE) has been between $0.092 and $0.115 since early August, forming a consolidation pattern many analysts believe signals accumulation by smart money. This consolidation suggests that significant players may be preparing for a potential breakout. Some analysts are particularly optimistic, stating that DOGE is breaking out of a monthly downtrend channel that began in late March when Dogecoin was trading at $0.22. One top analyst and investor, Daan, shared a technical analysis on X showing DOGE breaking through this downtrend line, which presents a new opportunity for meme coin investors. Daan emphasizes that if DOGE holds above the critical $0.105 support and can break above the $0.12 level with conviction, the meme coin could aggressively surge to higher prices. According to Daan, once Dogecoin confirms an uptrend, its price skyrockets rapidly, leaving no room for hesitation. Historically, when DOGE enters such phases, it experiences sharp upward movements accompanied by high volatility. Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level – Details This potential move has drawn attention to Dogecoin, as investors and traders alike are eager to see if it will continue to dominate the meme coin sector. The next few days and weeks will be critical in determining whether DOGE can sustain its momentum and break through these key resistance levels. DOGE Price Analysis Dogecoin (DOGE) is trading at $0.101 after experiencing a 7% dip since Friday. Before this decline, DOGE surged over 22% from local lows on September 6, marking a strong recovery in a short period. Last Friday, the price broke above the 4-hour 200 exponential moving average (EMA) at around $0.103, often seen as a signal of short-term strength. However, despite this move, DOGE has struggled to maintain its position above the 4H 200 EMA, and recent price action has hovered just below this key level. For DOGE to regain bullish momentum, it is essential for the price to reclaim the 4H 200 EMA and hold above it. This would provide short-term support and potentially pave the way for targeting higher prices. On the other hand, if DOGE fails to close above this EMA, a deeper correction is likely, with the next major support level expected around $0.097. Related Reading: Cardano (ADA) Whales Securing Gains After 10% Upswing: What’s Next? As the market remains uncertain, the coming days will be critical for DOGE’s price direction. Investors are closely watching whether it can break back above key technical levels or face further downside pressure. Featured image from Dall-E, chart from TradingView
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Dogecoin (DOGE) finally recovered above the psychological price of $0.1, providing a bullish outlook for the foremost meme coin. Dogecoin’s price recovery is thanks to several factors, including the recent bounce from the flagship crypto, Bitcoin (BTC). Dogecoin Reovers Following Bitcoin’s Rise Dogecoin recovered above $0.1 following Bitcoin’s rise to as high as $58,000 this […]
The Dogecoin Foundation has revealed a major update to their development trailmap. Highlighting this update is the announcement of “Project Sakura,” a protocol upgrade poised to increase block speed by tenfold, augment block size similarly, and ensure maximum decentralization—a development that has sparked vibrant discussion within the community. As outlined in their shared trailmap on […]
Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market. Dogecoin And Shiba Inu Following Bitcoin’s Path Dogecoin and Shiba Inu have been following Bitcoin’s path, which explains why they continue […]
Dogecoin entered an extended accumulation range after hitting a new yearly peak in May 2024. Since then, the price has fluctuated widely, presumably giving investors time to enter back into the meme coin at lower prices. However, with the market on a decline and expectations for a recovery on the horizon, Dogecoin investors seem to be done with their buying. This signals that the drawn-out accumulation trend could be at an end, something that could be bullish for the meme coin’s price. Why The Dogecoin Accumulation Has Ended Crypto analyst, VIAQUANT, on the TradingView website, has suggested that the Dogecoin accumulation trend is finally at its end. The crypto analyst points to an important indicator, namely the Moving Average, and their positioning being the evidence that this is the case. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold According to VIAQUANT, the Dogecoin price has defended multiple moving averages on important timeframes. This development shows not only strength, but an end to the accumulation phase. The important moving averages here are the 21 Moving Average, the 100 Moving Average, and the 200-Day Moving Average. The analysis points out that on the 3-day chart, the Dogecoin price has held the 200 Moving Average. Next is the 100 Moving Average on the weekly chart, even after a rapid decline over the last week. Last but not least is the 21 Moving Average, which continues to hold tightly on the monthly chart. Given these developments, the crypto analyst believes that these moving averages being held show that the Dogecoin accumulation phase has ended. Not only that, they posit that this also means that the meme coin could be gearing up for another price recovery from here. What Happens To DOGE Price From Here? Presently, Dogecoin prices are still struggling against the headwinds of the bearish crypto market. But if VIAQUANT’s analysis is correct, then this could only be short-lived from here. Given how much the coin has fallen in the last few months, a bounce from here could be phenomenal. Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The crypto analyst points to a similar accumulation trend that took place at the start of 2024. Following that, the DOGE price had bounced more than 100%. Taking that scenario and using it in the current situation, the analyst pegs the Dogecoin price for another 100% surge. This would mean that the price would cross $0.2. Interestingly, the crypto analyst does not expect this move to take long. The chart shows that the move above $0.2 would be completed sometime in November, meaning a 3-month timeframe for the analysis to play out. Featured image created with Dall.E, chart from Tradingview.com
The broader cryptocurrency market has endured significant corrections over the past six months, primarily driven by the two largest digital currencies: Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE), the leading meme coin, has not escaped this trend, experiencing a marked decline in value. Dogecoin Price Faces 55% Decline Since March High Since reaching a yearly high of $0.22 in March, DOGE has suffered a substantial drop of 55.9%, currently trading at approximately $0.0976. This decline is even more pronounced over longer time frames; according to CoinGecko data, Dogecoin is now 86% lower than its all-time high of $0.73 recorded in May 2021. Related Reading: Toncoin (TON) Price Action Signals 30% Crash After Losing A Key Level In the short term, Dogecoin has been underperforming compared to the overall crypto market, which has seen a 6.90% drop over the past week. During the same period, DOGE’s price fell by 8.8%, further illustrating its struggles. However, there are emerging bullish signs that could pave the way for a recovery. Crypto analyst Ali Martinez recently pointed out a bullish divergence forming on Dogecoin’s 4-hour Relative Strength Index (RSI). In addition, the analyst noted that the Tom Demark Sequential 9 (TD) indicator is flashing a buy signal, suggesting that a price rebound may be on the horizon. Can DOGE Break Through $0.10? As outlined by the analyst, these indicators suggest that the Dogecoin price could potentially surge above its current trading levels, with the $0.10 mark being a critical milestone not seen since August 24. Achieving this level would signify a successful recovery of the token’s 50-day exponential moving average (EMA), which coincides with the $0.10 price point. However, if bullish momentum fails to materialize, there is a risk of a failed attempt to reclaim this key resistance. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained Should DOGE successfully surpass the $0.10 threshold, bulls will then need to focus on the next significant hurdle at $0.107. This level is crucial for any further attempts to climb higher and tackle the next EMA. If Dogecoin can navigate this resistance, it may be poised to retest the 200-day moving average at $0.11. A successful breakthrough at this level could signal a continuation of the recovery, potentially pushing DOGE toward the next resistance level of $0.13 on its DOGE/USDT daily chart. Conversely, for the past almost four weeks, the Dogecoin price has found a significant support floor at $0.094, which prevented the token from crashing towards $0.080 again last week, as it did during the broader market crash on August 5. What is certain is that despite these signals, bullish momentum is much needed for the coin to push higher resistance and consolidate above its previous support levels to continue on its path to retest the yearly highs. Featured image from DALL-E, chart from TradingView.com
Dogecoin has become known as one of the altcoins in the crypto market to put on impressive rallies with each bull market cycle. These powerful performances have solidified it as an investor favorite, and the current cycle is no different. With the expectation that the crypto market will see another bull run in the coming […]
Dogecoin (DOGE) and Shiba Inu’s (SHIB) price actions have been unimpressive in the last 24 hours. This is mainly thanks to Bitcoin’s strong price correlation with the foremost meme coins, with the flagship crypto’s price also on the decline. Why Dogecoin And Shiba Inu’s Prices Are Down Dogecoin and Shiba Inu’s prices are down due […]
Dogecoin has certainly dipped quite far from its highest point so far this year. While this sideways movement and a recent correction have lingered on for quite some time, the price action is a reflection of the wider crypto market movement. However, DOGE continues to attract bullish opinions among traders. Its popularity and status as the largest meme coin continue to generate optimistic sentiment within the trading community. Crypto analyst Astronomer believes DOGE is still prime for a strong bull run on the technical side of things. According to Astronomer, the current price structure of DOGE demonstrates a relative strength that sets it apart from other cryptocurrencies price action since Q4 2023, suggesting that the coin has the potential to recover and even thrive in the near future. DOGE On Track To Rally Above $0.2 Astronomer’s DOGE technical analysis, which he shared on social media platform X, is based on the cryptocurrency’s price action since the fourth quarter of 2023. The crypto market kickstarted its recent market cycle in Q4 2023 after the applications of Spot Bitcoin ETFs by BlackRock and others. Related Reading: Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means This event marked the end of a multi-year bearish cycle, leading to bullish sentiment across the entire crypto market. As a result, many cryptocurrencies experienced substantial price increases, which pushed them to reach new multi-year highs. Although many market participants might argue the market is still largely in a bullish cycle, many cryptocurrencies have corrected even below Q4 2023 prices. However, Astronomer notes that DOGE stands out in this regard, as it has managed to maintain a price level above its Q3 2024 value. At the time of writing, DOGE is trading at $0.1057. Although the meme coin is still up by 29% from its price in the beginning of the year, it has corrected 52% from its yearly high of $0.22. Additionally, DOGE has corrected by 12% from its Q3 2024 opening price of $0.121; a pivotal price point. According to crypto analyst Astronomer, all the cryptocurrency needs now is to break above a new local high to solidify the return of a bullish price run. Price Targets For Dogecoin In terms of a price target, the Dogecoin/Tether US price chart shared by the analyst predicts DOGE will double its current value and climb back above the $0.22 price point later this year. The analyst’s projections are even more bullish, suggesting that DOGE could surpass $0.26, which would represent a remarkable 145% increase from its current trading price. Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When However, the recent DOGE price action suggests various resistances before $0.22. Nonetheless, the analyst remains confident that once DOGE successfully breaks through this local high, it could trigger a renewed and sustained upward movement, further fueling the bullish sentiment surrounding the coin. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price saw a notable plunge over the last day following the Bitcoin price decline. As a result of this, the profitability of Dogecoin holders has declined. However, the majority of DOGE holders continue to be in profit even through these turbulent times, which is a testament to the strength of the meme coin. […]
Shiba Inu’s lead developer, Shytoshi Kusama, has highlighted a feature that gives Shiba Inu an edge over the foremost meme coin, Dogecoin (DOGE). Despite this development, Dogecoin still looks to be the most preferred choice among crypto enthusiasts based on this important on-chain metric. Shiba Inu’s Edge Over Dogecoin In an X (formerly Twitter) post, […]
Since reaching its yearly high of $0.2288 on March 28, the Dogecoin price has plummeted by over 54%. From its all-time high in May 2021, the DOGE price has declined by more than 85%. Despite this downturn, crypto analyst Cryptorphic (@Cryptorphic1) suggests that a bullish reversal may be on the horizon. Cryptorphic has conducted an in-depth analysis of the weekly DOGE/USDT chart, positing that Dogecoin could experience a substantial 900% surge in price. This optimistic forecast is underpinned by a combination of seven factors, ranging from technical indicators to broader market trends. What Needs To Happen For Dogecoin To Skyrocket By 900%? The chart shared by the analyst shows Dogecoin’s performance since February 2021, which is capped in a tightly bound channel. This channel was defined by consistent lower highs and higher lows forming a predictable pattern for over 1,127 days, until a notable change occurred. Based on this, Cryptorphic reveals seven arguments for being ultra bullish on DOGE. #1 Breakout Above Accumulation Channel In the last week of February 2024, DOGE experienced a breakout characterized by a massive candle that propelled it beyond the upper limits of this long-term channel. Following this breakout, Dogecoin entered a phase of retesting the upper boundary of the previous channel, a crucial phase for confirming the strength and potential longevity of the breakout. Related Reading: Dogecoin Price Looking Stronger – ‘Expect Massive Gains’, Analyst Predicts The breakout is quite significant for occurring after over three years of price consolidation within a defined range. Such a long period of accumulation often sets the stage for massive price move once breached. A successful retest typically confirms the breakout’s validity and could signal a continuation of the upward trend. #2 Strong Weekly Doji Candle Another key aspect of what needs to happen is “printing a strong weekly Doji, signaling significant buying pressure from the bulls.” Such a candlestick on the weekly chart would be characterized by a small body with a long lower shadow, suggesting a victory for the bulls in a tug-of-war between buyers and sellers. #3 The “Musk-Effect” The mention of Dogecoin by Elon Musk, who may be promoting DOGE as a means of payment on X after the presidential election, could increase speculative sentiment. Musk’s tweets have had an extremely strong influence on the DOGE price in the past, but things have gone very quiet in recent months. “Elon Musk is likely to shill it after the presidential election this year,” the crypto analyst speculates. #4 Moving Averages From a technical standpoint, Dogecoin’s current position above the 200-day Exponential Moving Average (EMA) suggests a strong bullish sentiment in the long-term perspective. Conversely, its struggle to maintain above the 100-day EMA indicates immediate challenges. Thus, a decisive close above the 100-day EMA could be another major sign for a DOGE bull run. Related Reading: Dogecoin Bounces Off Key Support Following Crash Below $0.1 #5 Relative Strength Index The Relative Strength Index (RSI), currently below 45, supports the theory that there is “plenty of room to grow” without pushing the asset into the overbought territory. This is critical as it suggests that despite recent gains, the asset is not yet at risk of a major sell-off due to overvaluation, according to this metric. #6 Market Trends The analysis also highlights the current trend where memecoins are outperforming more fundamentally solid projects, indicating a market preference that could favor DOGE in a bullish cycle. This needs to continue. “MEME coins have been outperforming solid projects this season, and I believe DOGE will lead the charge in this bull run,” the analyst states. #7 Weekly Close Above $0.11 Overall, the analyst claims that “Multiple indicators are suggesting a bullish move is on the horizon.” He plans to maintain a position in Dogecoin, with an intention to buy on dips—a strategy that leverages potential volatility for accumulation at lower prices. The identified trigger point for a bullish acceleration is a weekly close above $0.11 in the grey liquidity area. A close above this threshold could catalyze the anticipated rally. At press time, DOGE traded at $0.10432. Featured image created with DALL.E, chart from TradingView.com
Dogecoin (DOGE) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support. Dogecoin Bounces Off Key Support With $0.1 In Sight Crypto analyst World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give “massive returns” in the coming months. Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000 Crypto analyst Crypto Kaleo highlighted Dogecoin’s impressive bounce above $0.09, with the critical support level of $0.1 currently in sight for the foremost meme coin. Like World of Charts, Crypto Kaleo also suggested that the recent price crash for DOGE was a massive investment opportunity considering the heights the meme coin could still reach in this bull run. The analyst labelled the drop below $0.1 as a “gift” while predicting that Dogecoin will still rise to $1 in the next few months. In a more recent analysis, Crypto Kaleo opined that the worst is over for Dogecoin and that DOGE’s drop to around $0.08 was likely the bottom. He explained that he feels good about where major cap tokens have currently dipped to and doesn’t see them going much lower. As such, Dogecoin is unlikely to dip to between $0.06 and $0.07, which he had expected earlier. As to what is next for Dogecoin, Crypto Kaleo mentioned that the meme coin will experience “several months of chop” in the $0.08 to $0.13 range before it enjoys that parabolic rally to $1 in early 2025. DOGE Not Yet Out Of The Woods Crypto analyst Kevin Capital (formerly OG Yomi) recently offered a different view and suggested that DOGE could still experience a significant price drop before reclaiming the $0.1 support zone. The analyst claimed that Dogecoin is “definitely” still in a downtrend and “has a lot of work to do” before it can flip bullish on its current price structure. Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High However, he noted that the foremost meme coin showed a lot of “resilience” to close the three-day candle above the three-day 200 simple moving average (SMA). He further remarked that Dogecoin’s successful break out above $0.143 would be key to creating a new bullish structure. Kevin is one of the crypto analysts who is most bullish on Dogecoin, as he once predicted that the meme coin could rise to as high as $3 in this market cycle. At the time of writing, Dogecoin is trading around $0.098, down almost in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The total open interest of any asset can help to narrow down what traders are doing when it comes to a coin, and Dogecoin is no different. As with any metric, a rise or fall within a period of time can be significant as traders choose to take or not take positions in that asset. In Dogecoin’s case, there has been a decline in the open interest over the last week, and this could have some implications for the DOGE price going forward. Dogecoin Open Interest Falls 24% According to data from Coinglass, the Dogecoin open interest has fallen 24% in the last week alone. This figure comes from July 18 when the open interest hit $707 million, going into August, with a total open interest value of $420 million. Related Reading: XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2 This decline in the Dogecoin open interest follows the market crash that has rocked cryptocurrencies, eventually sending the DOGE price below $0.09 by Monday. It shows a drastic reduction in the number of open positions, suggesting a reduction in interest. This is not the lowest that the Dogecoin open interest has been this year. However, it is interesting due to the current condition of the market. For example, the Dogecoin price has erased most of its gains from last year, pushing it back toward February 2024 lows. The correlation between the Dogecoin price and the open interest is now more glaring with this crash. In the time that the open interest has fallen 24%, the Dogecoin price has seen around a 40% decrease in price. What Does Historical Data Say? With the correlation between open interest and the Dogecoin price, using historical data could help to narrow down what might be on the horizon for Dogecoin. For example, the last time that the Dogecoin open interest saw a sharp drop, the price also followed. In March 2024, the DOGE open interest peaked at $2.21 billion, and the price saw its highest level so far this year as well. Following this, there was a crash in open interest and the DOGE price went from $0.22 to $0.18 alongside it, all in the month of March. Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 This suggests that for a recovery to begin for the Dogecoin price, a rise in the open interest would be a good development. If the open interest flattens out from here, then the Dogecoin price could enter a phase of consolidation that could see it tread around $0.08 for a while. Mainly, however, a recovery for the DOGE price would be imminent if the Bitcoin price were to begin rising again. In this case, a market-wide rally would see Dogecoin follow, breaking the current bearish trend. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has experienced a massive decline in the last 24 hours and has been one of the most affected tokens amid the widespread downtrend in the crypto market. Thanks to this, the foremost meme coin has dropped to levels not seen since February earlier this year. The Reason For The Dogecoin Price Crash Dogecoin […]
The Dogecoin price reaching double-digits remains a dream for its die-hard community, despite the meme coin failing to claim $1 even till now. Nevertheless, expectations that Dogecoin will eventually cross $10 remain high as one analyst has given reasons why the largest meme coin by market cap is set to surge by more than 7,200%. Dogecoin To Stage A Log Breakout Crypto analyst Javon Marks took to X (formerly Twitter) to share an interesting development on the Dogecoin chart. Marks points out that a Log Breakout could be on the horizon for the meme coin, which could lead to a massive surge in price. Related Reading: Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens The reason for the analyst’s optimism toward the Log Breakout are what transpired for Dogecoin the previous two times that it has appeared. The first time this Log Breakout was completed for DOGE was back in the 2017-2018 bull market. This resulted in a 9,472% price increase, taking Dogecoin from a low of $0.0002 to a high of $0.01858. Then again, in the 2020-2021 bull market, Dogecoin would undergo another Log Breakout, this time leading to an even more prominent rally than before. This was the legendary 28,882% rally of 2021 when the DOGE price went from $0.0012 to almost $0.74. Given this historical performance and taking into account that breakouts like these often rhyme with their previous appearances, the crypto analyst believes that the Dogecoin price is set to undergo another major rally soon. How Far Can DOGE Rise? In his analysis, Marks presents his own expectations for the Dogecoin price should the Log Breakout be completed. According to the chart shared in the X post, Marks expects an at least 7,200% increase in the DOGE price from the current level. This would put the meme coin above $10 for the first time in history. Related Reading: This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002 The crypto analyst explains that each Log Breakout has led to a larger rally than the last, so this could mean that the DOGE price could rally higher. However, with the Dogecoin market cap already so large, such immense rallies could be hard-fought from here. In addition to Dogecoin, Shiba Inu is another meme coin that the crypto analyst is bullish on. In an earlier analysis, Marks pointed out that the second-largest meme coin by market cap had confirmed a macro Hidden Bullish Divergence. Given this, he expects that the Shiba Inu price could rise 354% from its current level to reach its all-time high levels around $0.000081. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin (DOGE) outlook is currently bullish, as technical indicators suggest that a golden cross is set to appear on the meme coin’s chart. Based on history, such development could mark the beginning of a massive rally for DOGE. Dogecoin On The Verge Of A Golden Cross Crypto analyst Kevin (formerly OG Yomi) mentioned in […]
Dogecoin (DOGE) has hit a significant milestone, as the number of wallet addresses holding the popular doggy themed meme coin has surged to 90 million. This massive increase underscores Dogecoin’s rising interest and adoption amongst investors. Dogecoin Could Hit $1 With New Milestone According to data from IntoTheBlock, Dogecoin has surpassed the 90 million threshold […]
Crypto analyst Trader Tardigrade has highlighted a historical pattern that led to the Dogecoin price surge in 2021. Based on his analysis, the foremost meme coin is ready for a similar price rally, which could happen soon enough. Dogecoin Repeating Chart 2021 Pattern Trader Tardigrade mentioned in an X (formerly Twitter) post that Dogecoin is repeating the same chart pattern from 2021. He noted that the meme coin was “ready to go” and suggested that Dogecoin’s price rally would begin once the bull run returns into full gear. Dogecoin made an incredible run of over 28,000% in 2021, meaning that such an impressive price rally might be on the horizon again for the foremost meme coin. Related Reading: Ethereum Bulls Gear Up For Recovery – Can Spot ETFs Push Price To New Highs? Crypto analyst Javon Marks had previously predicted that Dogecoin would make a better run than it did in the 2021 bull run. He made this prediction because the meme coin has always surpassed its previous run in every subsequent bull run. Based on this, Marks predicted that Dogecoin could rise to as high as $17 in this market cycle. Crypto analyst Ali Martinez also once predicted that Dogecoin could rise to double digits in this market cycle. He made this prediction while noting that the meme coin looked to be mirroring its 2021 pattern. He added that this could be a “massive parabolic bull run” for Dogecoin if that were the case. These crypto analysts form a long list of persons who have made bullish predictions for Dogecoin. Although not as bullish as Marks and Matinez, someone like crypto analyst Kevin (formerly OG Yomi) has predicted that Dogecoin could rise to as high as $3 in this bull run. Crypto analyst Altcoin Sherpa also predicted that Dogecoin will eventually rise to $1in this market cycle. Meanwhile, crypto analyst Andrew Kang made a bullish case for Dogecoin heading into the latter parts of the bull run. He stated that meme coins account for most of the altcoins that will make new highs by year-end or the beginning of 2025. DOGE Ready For A Huge Reboud Trader Tardigrade recently predicted that Dogecoin could rise to as high as $0.14 when it makes this “huge rebound.” He made this prediction while stating that the meme coin has been “playing Wyckoff Accumulation,” meaning that Dogecoin whales have been adding their positions. The crypto added that “spring is here right now,” alluding to the massive bounce that Dogoicoin could make from its current price level. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Dogecoin was one of the most affected coins following the recent market downtrend. This was mainly due to the meme coin’s strong price correlation with Bitcoin. However, with the flagship crypto back above $60,000, Dogecoin also looks primed for a massive rally, which could send its price to new highs. At the time of writing, Dogecoin is trading at around $0.11, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end. Why This Analyst Is Bullish On Floki Timeless Crypto mentioned in an X […]
Dogecoin (DOGE) could be on the brink of a major bullish reversal based on a technical indicator recently flashing a bullish signal for the meme coin. While highlighting the bullish signal, crypto analyst Ali Martinez also hinted at how high Dogecoin could rise when this reversal occurs. A Rebound For Dogecoin On The Horizon Martinez mentioned in an X (formerly Twitter) post that the TD Sequential is presenting a buy signal on Dogecoin’s 3-day chart, thereby “predicting a rebound of one to four candlesticks for DOGE.” Based on the chart he shared, Dogecoin could enjoy a reversal to around $0.17, the area in which it began its downtrend in early June. Related Reading: Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs A massive rebound for Dogecoin will undoubtedly be a welcome development for its holders, who have had to deal with the meme coin’s bearish outlook for some time now. Dogecoin failed to make any impressive rally, while other foremost meme coins rallied following Roaring Kitty’s return. Meanwhile, the meme coin took one of the worst hits following the recent avalanche that plagued the crypto market. Bitcoin led altcoins on a downward trend towards the end of June. However, with the flagship crypto reversing and back above $63,000, Dogecoin could also enjoy an impressive recovery from its current price level. Moreover, data from the market intelligence platform IntoTheBlock shows a strong positive correlation between Dogecoin’s price and Bitcoin’s. As such, Dogecoin could significantly move to the upside as the flagship crypto rebounds. Crypto analyst Kevin (formerly OG Yomi) also recently provided a bullish narrative for Dogecoin. He stated that his indicator had flashed a weekly buy signal for the first time since the meme coin was at $0.05. Additionally, Kevin noted that Dogecoin is about two green weekly candles away from confirming its first weekly golden cross in four years. He claimed that this is something to watch, suggesting that Dogecoin’s rally could be parabolic when this happens. DOGE Could Reach $0.6 On Next Leg Up Crypto analyst Javon Marks recently predicted that Dogecoin could reach $0.6 on its next leg up. He stated that the move towards the breakout target at $0.6533 “may be a matter of time, and prices could be preparing here for a break above.” The crypto analyst seemed confident as he again reaffirmed that a price rally of over 400% to reach this target might already be loading. Related Reading: SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time? Marks had previously predicted that Dogecoin would rise to as high as $17 in this bull run. He claimed that such a meteoric move was possible based on the meme coin’s historical trend. He noted that the foremost meme coin has always made a larger run in every subsequent bull run, meaning it could enjoy a rally that will overshadow its price move of 22,800% in the 2021 bull run. Featured image created with Dall.E, chart from Tradingview.com
In a technical analysis, noted crypto analyst Big Mike (@Michael_EWpro), has revealed a bullish forecast for Dogecoin (DOGE) that suggests the meme coin could surpass the $1 threshold in this bull cycle. The Dogecoin price prediction is rooted in the Elliott Wave theory, and is further reinforced by a robust set of technical indicators that underscore the coin’s strong upward potential. Dogecoin Could Peak Above $1 In 2025 The weekly chart (DOGE/USDT) highlights Dogecoin’s previous market performance, where it completed a 5-wave Elliott Wave pattern during the last significant bull run. This pattern saw the price of Dogecoin escalate to just above $0.70. Following this surge, the market entered a corrective phase characterized by a WXY pattern—a complex Elliott Wave correction structure that typically consists of three distinct price movements. This corrective phase marked a period of consolidation and retraction in Dogecoin’s price trajectory following its peak. Related Reading: Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase Since late 2023, according to Big Mike’s analysis, Dogecoin has embarked on a new 5-wave pattern. This nascent formation is anticipated to drive the Dogecoin price significantly higher than its previous highs. The first wave propelled the DOGE price to a peak just shy of $0.23. Following this, the second wave commenced, resulting in a retracement that pulled the price down to as low as $0.1140. The analysis indicates that Dogecoin is currently in the initial stages of the third wave of this Elliott Wave pattern. Traditionally, the third wave is the most dynamic and typically extends the furthest, especially within a strong bullish context. Notably, Big Mike highlights the existence of an ascending channel starting from the onset of wave 1 further corroborates the bullish sentiment maintained in this analysis. This channel maps out the potential pathway that Dogecoin might follow as it aims for new highs. The wave 3 could peak at the upper trendline of the channel, at around $0.60. Related Reading: Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% Wave 4 could potentially pull the Dogecoin price back to the lower boundary of the ascending channel, approximately around $0.25. This retracement would set the stage for Wave 5, the climactic phase of the Dogecoin bull run, which is projected to propel DOGE above the $1 mark, coinciding with the upper resistance line of the channel. The chart carefully marks critical Fibonacci extension levels which are drawn from the beginning to the peak of the last bull run. that are expected to play pivotal roles in determining future price points during this bull run. The first notable Fibonacci extension at 2.618 is positioned at approximately $0.14591, serving as an intermediate station within the bull cycle. The 3.618 extension at $0.68835 serves as an intermediary target for the final fifth wave. The Volume Profile Visible Range (VPVR) on the chart reveals that the current price zone has a high concentration of traded volume, suggesting it acts as a robust foundation for the current price level. The absence of significant volume above this area hints at minimal resistance, which could allow for an accelerated price climb once Dogecoin breaks above existing resistance levels. Technical indicators such as the weekly Stochastic RSI and the weekly Relative Strength Index (RSI) support an imminent bullish phase. The Stochastic RSI is in the oversold region, indicating potential for a price recovery. Meanwhile, the RSI’s upward trend with higher lows suggests growing bullish momentum. At press time, DOGE traded at $0.1247. Featured image created with DALL·E, chart from TradingView.com
Dogecoin is down by 6.87% in the past 24 hours after a brief cooldown in bearishness. However, the downturn has given Dogecoin a hint of bullish reversal as it has entered a historically prominent buy zone. Interestingly, this is suggested by the MVRV ratio, which currently hints at a very bullish short-term bounce for DOGE. […]
The Dogecoin price has taken an interesting turn in the last day, going against the bearish wave that has wracked the majority of the crypto market. Given that the meme coin is green at a time when the majority of the market is nursing losses, it has led to speculations as to what could be […]
Dogecoin is currently at a critical price junction that might determine its price trajectory in the short term. Although the meme coin has witnessed a significant price drop in the past seven days, recent whale activity suggests that the tide might change soon. Notably, large holders of DOGE have been taking advantage of the price drop to accumulate millions of DOGE. Per data from Santiment, an on-chain analytics platform, addresses holding between 10 million and 100 million Dogecoins have collectively accumulated more than $129 million worth of DOGE in the past seven days. Dogecoin Whales Accumulate DOGE According to the on-chain data from Santiment, whales have increased their accumulation in the past week despite the price decline for the meme coin. Remarkably, these whale addresses have bought over 900 million tokens in seven days, suggesting their faith in DOGE despite the price downturn. Related Reading: Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL? Consequently, on-chain data shows the number of coins owned by this cohort of traders has increased by approximately 5% to a collective 18 billion tokens. A look at the chart above reveals that the collective holdings of these whale wallets have generally been on an uptick since the last week of March. During periods of price increases, the accumulation has typically exhibited an upward tendency and remained stable during periods of price drops. However, the recent accumulation is different because it comes alongside a corresponding price decrease, showing a different strategy from the whale wallets. Interestingly, similar data from IntoTheBlock suggests a similar increase in activity on DOGE alongside the whale accumulation. This uptick in activity saw around 9.29 billion DOGE tokens traded in the past 24 hours. Additionally, 1,500 transactions were concluded in the past 24 hours, implying traders are actively exchanging DOGE. How Whale Transactions Impact DOGE Price Considering its meme coin status, Dogecoin is highly influenced by sentiment among traders and particularly huge investors. These big investors, known as “whales” in crypto lingo, can have a significant impact on Dogecoin’s price when they move their funds around. Their buying activity triggers bullish momentum by pumping up demand, which drives the price higher as other traders follow their lead. Related Reading: Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’ Interestingly, this recent whale accumulation comes as a much-needed catalyst for bullish momentum. At the time of writing, DOGE is trading at $0.1428 and has been down by 11.29% in the past seven days. However, this decline seems to be slowing down, with DOGE only registering a 0.6% loss in the past 24 hours. According to a crypto analyst, this spiral towards $0.14 is forming an important generational bottom for DOGE. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced price declines of over 10% this week. The downtrend experienced by these meme coins is likely due to the macro side, which has cast doubts in the minds of crypto investors. The US Fed’s Hawkish Stance Has Cast A Shadow Of Doubt Dogecoin and Shiba Inu are […]
A crypto pundit has declared that Dogecoin (DOGE) and Solana (SOL) have reached their “make it or break it levels.” This assessment is set to generate a wave of optimism as DOGE and SOL could be getting ready for a rebound soon. Dogecoin And Solana At Make It Or Break It Point A Crypto analyst […]
Dogecoin has been one of the most talked-about cryptocurrencies recently and has continued to maintain its position as the largest meme coin in the market. Its recent price action has left much to be desired, leaving investors wondering where the price might be headed next. However, an important bullish formation just showed up on the […]
Crypto analyst Ali Martinez recently revealed the bearish sentiment surrounding Dogecoin (DOGE). Interestingly, he suggested this might be a good opportunity to invest in the foremost meme coin as things could soon turn bullish. The Bearish Sentiment Around Dogecoin Martinez mentioned in an X (formerly Twitter) post that the market sentiment for Dogecoin is as bearish as it was in early February. Specifically, the crypto analyst was referring to Dogecoin’s social volume and weighted sentiment, which were currently signaling a negative sentiment towards the meme coin. Related Reading: Can Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts The Top This social volume metric refers to how much the crypto token is discussed across social media platforms. Therefore, the decline in Dogecoin’s social volume suggests that traders are currently paying more attention to other meme coins. This is expected given how Dogecoin’s price has lagged for a while now, with other meme coins like Dogwifhat (WIF) and Pepe (PEPE) recording significant gains. However, Martinez suggested that Dogecoin could enjoy a bullish reversal soon enough, revealing that Dogecoin’s price skyrocketed by over 200% back in February when it was plagued with such bearish sentiment. Dogecoin whales seem to have taken the hint and used this opportunity to accumulate more of the meme coin. Martinez revealed that these investors have already purchased 700 million ($112 million). The crypto analyst also mentioned that these whales have bought an additional 200 million DOGE since May 30. This is undoubtedly in anticipation of the significant price gains that Dogecoin could make soon enough. Crypto analyst Altcoin Sherpa also recently raised the possibility of Dogecoin rising to as high as $0.40 soon enough. He claimed that this would happen as retail investors accumulate the meme coin. He further alluded to Elon Musk’s influence on the meme coin and stated that “all it takes is one retarded Elon tweet to blow it (Dogecoin) up.” He added that Dogecoin has “great liquidity/low downside” compared to other meme coins. DOGE Season Around The Corner Crypto analyst Crypto Kaleo recently predicted that Dogecoin’s season might be around the corner. He alluded to the fact that Dogecoin rose significantly in 2021 after GameStop’s stock hit its peak in early 2021. He believes that Dogecoin could again rally once GameStop hits its market top. Related Reading: XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does In another X post, Kaleo revealed that he is confident that Dogecoin can outpace Bitcoin in this cycle. He suggested that Dogecoin’s current price action is normal, claiming that the meme coin “moves sideways for extended periods, followed by rapid vertical growth.” The crypto analyst also noted that the market is in a meme supercycle and remarked that the “king of memes won’t be left behind.” At the time of writing, Dogecoin is trading at around $0.15, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com