Crypto analyst Javon Marks has provided a bullish outlook for Dogecoin, stating that the foremost meme coin has entered another bull phase. The analyst also predicted how high the foremost meme coin could rally in this bull phase. Dogecoin To Rally Above $20 As It Enters New Bull Cycle In an X post, Javon Marks predicted that Dogecoin could rally above $20, seeing as it looks to be in another bull cycle. The crypto analyst made this ambitious prediction while noting that DOGE has recorded larger runs in every successive cycle. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 As such, Marks asserted that Dogecoin could witness a 60x price increase or more from here and rally above $20 if history repeats itself. His accompanying chart showed that DOGE recorded a 90x and 306x increase in the 2017 and 2021 bull runs, respectively. The chart also showed that DOGE is at the stage where it could form a God candle that would set it up to reach this $20 target. Other crypto analysts like Dima James have also predicted that Dogecoin could reach double digits in this bull cycle. James also alluded to historical trends to explain why the foremost meme coin can reach such heights. Meanwhile, analyst Ali Martinez once predicted that DOGE could reach $23 if it reaches the 2.272 Fibonacci level in this cycle. However, in the short term, the focus will undoubtedly be for Dogecoin to reach its current all-time high (ATH) of $0.73 and then rally to new highs. Crypto analyst Master Kenobi predicted that DOGE could soon rally to its ATH as it eyes a breakout from a symmetrical triangle. The crypto analyst also alluded to Donald Trump’s inauguration on January 20 as a catalyst that could spark this price breakout. Higher Prices Are Expected In an X post, crypto analyst Kevin Capital asserted that higher prices are expected as long as Dogecoin is above $0.26 and trading in a bullish falling channel, which he highlighted in his accompanying chart. The analyst added that the measured move target of this bullish pattern is $1.30 if DOGE breaks out. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers The Dogecoin price had recently crashed alongside the broader crypto market. However, these analyses indicate that there is still more room for the foremost meme coin to rally to the upside. In fact, crypto analyst Trader Tardigrade suggested that a bullish reversal could happen sooner than expected. In an X post, the analyst revealed that Dogecoin is breaking out of a double bottom on the 4-hour chart. The accompanying chart showed that DOGE could first rebound to $0.36 and then possibly reclaim the psychological $0.40 level. At the time of writing, the Dogecoin price is trading at around $0.34, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has maintained its consolidation path into the last 24 hours, with price data reflecting a 14.5% decline in a seven-day timeframe. However, the price decline has done little to dampen the general sentiment surrounding Dogecoin, especially in a long-term timeframe. As part of the lingering optimism surrounding the meme coin, data highlighted by crypto analyst Ali Martinez reveals a strikingly bullish sentiment among Dogecoin enthusiasts on crypto exchange Binance. Majority Of Binance Traders Betting On Dogecoin Price Increase The majority of Dogecoin traders have remained bullish despite Dogecoin’s recent price decline from just below the $0.4 mark since January 7. This bullishness is highlighted by crypto analyst Ali Martinez through trading positions on crypto exchange Binance. At the time, the long/short ratio showed that approximately 81.05% of all traders with open Dogecoin positions on Binance were betting on an upward price movement. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do The bullish stance is further underscored by the Binance DOGEUSD_PERP ratio, which reveals that 90.43% of perpetual contract accounts are in long positions, according to Coinglass data. Perpetual contracts, which lack a fixed expiration or settlement date, reflect trader expectations over an indefinite time period. This imbalance toward long positions suggests that the majority of Dogecoin traders remain confident in the meme coin’s potential for long-term growth, particularly as they look towards another major bull run in 2025. Interestingly, on-chain data shows that Dogecoin whales are also capitalizing on the price decline to accumulate more DOGE tokens. This accumulation trend saw whale addresses holding between 10 million and 100 million DOGE tokens increase their collective holdings by around 470 million tokens within a 48-hour timeframe. DOGE Needs To Hold Above $0.3 At the time of writing, Dogecoin is trading at $0.33 and is on a 3.35% decline in the past 24 hours. This downturn is part of a broader trend of lackluster price performance over the last 30 days, during which Dogecoin has consistently struggled to break above the $0.40 mark. The most recent example was when this price level acted as a significant resistance level during Dogecoin’s brief price surge in the first few days of January 2025. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The focus for Dogecoin traders and investors has now shifted away from breaking the $0.40 resistance level to defending the $0.30 support zone, which has become increasingly important in maintaining a long-term bullish narrative for the meme coin. For bullish momentum to remain intact, Dogecoin must hold firmly above this support level, as a breakdown could signal the start of a deeper correction. A successful hold above the $0.3 mark puts the bullish trajectory still in play, and Dogecoin could easily rebound upwards at any time. However, failure to maintain support at $0.30 could lead to more corrections towards the $0.25 mark. Such a scenario would not only weaken its technical outlook but also dampen the substantial returns even when the overall crypto market begins to recover. Featured image created with Dall.E, chart from Tradingview.com
A new Dogecoin price analysis suggests this top meme coin could rise to a new ATH of $10. A crypto market expert, Dima James Potts, attributes this prediction to the 4-year cycle theory, which illustrates parabolic growth during each major cycle. Dogecoin Price Set Sights On $10 Target On January 11, Potts shared a chart […]
Surprisingly, Dogecoin whales are on a massive buying spree, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid Dogecoin’s bullish recovery in key metrics, as analysts project a significant push to the upside. Dogecoin Whales Buy 470 Million DOGE Popular crypto analyst Ali Martinez revealed on X (formerly Twitter) on January 11 that Dogecoin whales have begun accumulating again. Martinez announced the latest DOGE acquisition by these deep-pocketed investors, highlighting that Whales recently bought over 470 million tokens. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible This substantial DOGE purchase, which occurred in the last 48 hours, is valued at approximately 155 million based on current market prices. Such large-scale whale activity often signals a renewed interest in the cryptocurrency, potentially influencing market sentiment and trends. Martinez shared a chart presenting data related to Dogecoin, focusing on the behavior of whales holding assets spanning from 10 million to 100 million DOGE. The shaded area on the chart highlights the cumulative holdings of these wallets owning millions of DOGE. Around late December 2024, Dogecoin whale holdings were relatively stable but began increasing significantly in early January 2025. CEO, a crypto analyst on X, commented on this surging accumulation trend, highlighting that whales have purchased over 1 billion Dogecoin in the last seven days. Martinez’s chart also shows that large amounts of Dogecoin were purchased between $0.314 and $0.355. These prices highlight areas where Dogecoin experienced notable volatility and a slight pullback, presenting a buying opportunity for investors. Dogecoin previously surged to new highs above $0.4 in 2024. However, a steep correction pushed its price back towards the $0.3 mark. Interestingly, the 470 million Dogecoin purchased by whales comes as the cryptocurrency experiences a steady bullish recovery in significant metrics. Crypto analyst Javon Marks disclosed that Dogecoin is forming a new Descending Wedge pattern. Additionally, a market expert on X, identified as ‘Rose Premium Signals,’ has revealed that Dogecoin’s macro charts are signaling a strong bullish structure as it accumulates near key support zones and aligns with long-term Fibonacci levels. DOGE Forms New Descending Wedge Pattern As mentioned earlier, Dogecoin is currently forming a new Descending Wedge pattern, signaling another potential price breakout. Marks stated in his X post that the popular meme coin is well positioned to continue another substantial bullish trend once it breaks out of this Descending Wedge pattern. Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch A Descending Wedge, also known as a Falling Wedge, is a technical chart pattern that indicates the potential for a price reversal or continuation. It is a bullish pattern that typically occurs during a downtrend, with its completion marked by a breakout above the upper trendline. Marks predicts that if Dogecoin breaks above the Descending Wedge pattern, it could hit a new ATH soon, reflecting a potential 120% increase. The analyst has revealed that this massive price gain could happen anytime soon, pushing Dogecoin from its current market price of $$0.33 to a new bullish target of $0.739. Featured image created with Dall.E, chart from Tradingview.com
Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself trading just above the $0.3 mark. Particularly, Dogecoin has retraced by about 30% since it reached a recent multi-year peak of $0.48 in early December, and bullish traders are now patiently waiting for the next leg up. According to technical analysis, Dogecoin’s recent confluence at the $0.3 price level presents an attractive opportunity to load up more of the cryptocurrency before an upward bounce from here. Dogecoin’s $0.3 Support Zone Holds Key Significance The $0.3 price level has emerged as a critical support zone for the meme coin moving forward, with multiple analyses referencing this price point. According to a technical analysis of Dogecoin’s daily candlestick price action on the TradingView platform, this level aligns with historical support zones that have previously served as reliable demand areas during market downturns. The technical appeal of this zone is more notable due to its correlation with broader market sentiment, as the Bitcoin price is currently hovering near its own significant support level. Related Reading: What To Expect After The Bitcoin Price Crash Below $100,000 With this in mind, Dogecoin’s retracement to $0.3 could not only serve as a potential bottom for the current correction but also as a launching pad for the next bullish wave, provided Bitcoin and other market conditions align favorably. Furthermore, it provides traders the opportunity to load up more Dogecoin tokens at a 30% discount and position themselves for maximum gains before the wider crypto market recovers and resumes its upward momentum. Is A Broader Market Recovery On The Horizon? As one of the largest cryptocurrencies, Dogecoin is easily influenced by market dynamics, including things like news updates and Bitcoin’s price action. Particularly, Dogecoin’s upward momentum in the last quarter of 2024 had no reason to be derailed if not for Bitcoin’s failure to hold above the psychological $100,000 price level. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Unsurprisingly, on-chain data shows some Dogecoin whale addresses might already be capitalizing on this discount in anticipation of this market-wide recovery. Whale transactions involving Dogecoin recently surged by over 400%. Furthermore, on-chain data from IntoTheBlock shows that Dogecoin’s large transaction volume recently rose to over $60.9 billion in a 24-hour timeframe. At the time of writing, Dogecoin is trading at $0.3328 and is down by about 1.4% in the past 24 hours. The $0.3 price level remains a pertinent range to keep an eye on, as a successful defense of this level paired with strengthening BTC prices could lay the groundwork for a renewed Dogecoin rally. A prudent approach would be to set stop losses below this level in case of a deeper correction, which could invalidate short-term bullish momentum. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst ProjectSyndicate has revealed his Dogecoin price prediction, suggesting that DOGE can reach the much-anticipated $1 price level in this cycle. The analyst also recommended when market participants should consider buying and selling the foremost meme coin. Dogecoin Price Prediction Shows DOGE Can Hit $1 This Cycle In a TradingView post, Project Syndicate made […]
Dogecoin (DOGE), the world’s first and largest meme coin, has seen a notable uptick in activity over the past few days. According to recent market data, Dogecoin’s large transaction volume has skyrocketed by over 41%, while daily active addresses have increased by more than 35%. These developments, which indicate a surge in interest among large-scale token holders, could act as a catalyst to push the Dogecoin price towards the coveted $1 mark. Increase In Dogecoin Transaction Volume And Daily Addresses In the crypto market, large-scale transactions involving significant amounts of a specific cryptocurrency are often associated with entities known as ‘whales,’ who execute strategic moves that have the potential to influence market trends. Recently, IntoTheBlock revealed that Dogecoin has recorded a massive increase in its large transaction volume, skyrocketing by an impressive 41.12% to reach $23.35 billion. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade This significant increase in Dogecoin’s large transaction volume suggests heightened engagement and activity among deep-pocketed players. Moreover, the sharp surge could indicate growing interest from institutional investors or whales who see potential in the meme coin’s future trajectory. According to ITB’s data, there has also been a notable spike in Dogecoin’s daily active addresses, recording a 34.91% increase that points to broader adoption and an increase in the meme coin’s network activity. As a blockchain metric, daily active addresses measure the number of unique wallet addresses involved in transactions of a particular cryptocurrency within 24 hours. A surge in the daily active address of a cryptocurrency like Dogecoin often suggests that more users engage with the network, whether for investing, trading, or transactions. Despite this strong metric activity, Dogecoin’s price has fallen by more than 2.2% in the past 24 hours, dropping to $0.33. Nevertheless, ITB reports that Dogecoin remains “mostly bullish,” a sentiment that contrasts with ongoing market volatility and price fluctuations. Interestingly, this bullish optimism could signal that the surge in Dogecoin’s on-chain metrics, both large transaction volume and daily active addresses, could be a potential catalyst for a price rebound. Can This Propel DOGE To $1? Although Dogecoin has faced regular backlash over its speculative nature, its ability to maintain relevance and growth in the crypto market cannot be overlooked. The increase in Dogecoin’s large transaction volume and daily active addresses could be an early indicator of a broader trend shift, potentially signaling the meme coin’s next upward rally. Related Reading: Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000 While IntoTheBlock has tagged these surges in Dogecoin’s on-chain metrics as “bullish,” breaking past $1 will likely require more external catalysts and a change in current market conditions. For Instance, crypto analyst Trader Tardigrade has predicted that Dogecoin could rise to the $1 benchmark very soon. However, the meme coin’s recent pullback could act as a bullish springboard, as the analyst has stated that a retracement often precedes a massive price rally. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has gained more than 29,000 new wallets since January 1, according to on-chain analysis firm Santiment. The firm shared its findings earlier today (January 10) via X, alongside data showing how other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA) and Chainlink (LINK), have fared in terms of new wallet growth. Dogecoin Hodlers On The Rise “As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year,” Santiment writes via X, adding: “If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).” Related Reading: Dogecoin Hits A ‘Blood In The Streets’ Moment: Buy Or Sell Now? Santiment’s chart indicates that both Ethereum and XRP have seen significant holder gains at the onset of 2025. The firm observed a +645K jump in Ethereum wallets, while XRP recorded +58K. Meanwhile, Bitcoin maintained a +102K bump, and Cardano notched a more modest +2.8K climb. Notably, Chainlink holder numbers have dropped by 3.3K in the same time frame. “XRP’s and Ethereum’s wallets keep growing in number, Chainlink’s are dropping, Cardano’s are finally showing positive turn-around,” the on-chain analytics firm noted. Trend line annotations show that XRP holders have grown by 1.0% since the start of 2025, Ethereum holders by 0.5%, and Cardano by 0.1%. In contrast, Chainlink has dipped by 0.5%. While the chart doesn’t show a specific number for Dogecoin, there’s a clear and strong uptrend. However, Santiment’s in-depth analysis points out a notable decrease in overall trading volumes across the crypto landscape since mid-December 2024. Meme coins like Dogecoin, in particular, have been impacted, seeing a drastic reduction in speculative-driven trades. “Despite several bullish developments, overall trading volumes across the cryptocurrency market have been declining since mid-December 2024,” Santiment explains. The firm reports that daily trading volume for the top 10 cryptocurrencies has dropped by an average of 13% over the past two weeks, with Ethereum experiencing the steepest decline at 17%. Exchanges such as Binance and Coinbase show spot trading volumes down by 15% and 12%, respectively, which analysts attribute to seasonal factors, diminished whale activity and uncertainties regarding impending regulatory changes. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend – Details Another key metric highlighted by Santiment is MVRV (Mean Value to Realized Value), which tracks average trader returns. Currently, the 30-day returns for most active wallets across top assets are in negative territory, suggesting potential opportunities for contrarian buyers. As reported yesterday, Dogecoin’s MVRV is at -8.89%, display a “blood in the streets” moment. “Among top caps and the vast majority of altcoins, average traders active over the past 30 days are down in their portfolios by a fairly sizeable margin… This means that adding on to your position or opening a new position are mathematically less risky than usual,” Santiment noted. Looking forward, Santiment emphasizes a multifaceted market environment influenced by regulatory changes, institutional strategies and varying degrees of risk appetite. The firm calls attention to pro-crypto sentiment in the incoming Trump administration, tighter regulations in global markets and the evolving role of large-scale investors (“whales”) in shaping price dynamics. “We recommend watching closely to see how whale behavior transpires, and how much ‘blood is in the street,’” Santiment stated. “Cryptocurrency is a zero-sum game, even if it often feels as though the mostly bullish community are all making and losing money together.” DOGE’s Technical Picture From a technical perspective, Dogecoin has mirrored Bitcoin’s recent trajectory, experiencing a dip below crucial Fibonacci levels on the 4-hour chart. DOGE slipped beneath the $0.373 mark (0.5 Fibonacci level), considered a major support in lower time frames, and then tested the $0.346 threshold (0.382 Fib). Price action ultimately found temporary relief at the 0.236 Fib line near $0.314, where DOGE bounced, again tracking Bitcoin’s rebound. Reclaiming the 0.382 Fib (approximately $0.346) is critical to regaining bullish momentum; a failure to do so might open the door to further declines toward $0.26—last seen on December 20, 2024. Featured image created with DALL.E, chart from TradingView.com
Dogecoin, one of the most popular cryptocurrencies and the first meme coin, has experienced a crash in social sentiment and market cap in recent weeks. According to a new report by crypto analytics firm Santiment, the public’s attention on DOGE is dwindling, driven by its 26% drop in value since its price high one month […]
The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again. However, technical analysis […]
Dogecoin (DOGE) has again found itself in the crosshairs of market watchers, with a “blood in the streets” moment emerging according to data from on-chain analytics firm Santiment. The firm’s latest research, shared on January 8 via X, highlights a series of negative MVRV (Market Value to Realized Value) ratios across the crypto landscape—encompassing Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Dogecoin. “Average trading returns are a great representation of whether ‘buying low’ or ‘selling high’ is actually the right timing,” Santiment stated, stressing that current on-chain metrics point toward an environment where many crypto assets are sitting in oversold territory. “When MVRV’s are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these ‘blood in the streets’ moments are when professional traders make money,” Samtiment writes. The data Santiment published includes the 30-day MVRV ratios for four major assets as of January 8. Bitcoin’s MVRV ratio is at -3.73%, Ethereum’s at -7.71%, Cardano’s at -6.69% and Dogecoin’s at -8.89%. In simple terms, MVRV compares the total market capitalization of a cryptocurrency (its “Market Value”) with the total cost basis of holders (its “Realized Value”). A negative MVRV often indicates that the average holder is currently underwater on their position. Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash For Dogecoin, the -8.89% MVRV ratio suggests that—on average—investors who acquired DOGE in the last 30 days are sitting on notable unrealized losses. This contrasts with BTC’s less pronounced -3.73%, indicating that Dogecoin’s short-term holders are, on average, deeper in the red relative to Bitcoin’s. Ethereum (-7.71%) and Cardano (-6.69%) also face negative territory, but their holders are faring slightly better than Dogecoin over the past month. Because DOGE’s MVRV is the most negative among the four mentioned, there is potential for a stronger recovery bounce if market conditions stabilize. However, it also underscores higher risk if broader crypto sentiment remains fragile. As Santiment noted, traders often scan for negative MVRV as a potential opportunity to “buy low,” but this is by no means a guarantee of immediate upside. Buy Or Sell Dogecoin Now? Santiment’s analysis further emphasizes how macroeconomic forces have accelerated the crypto market’s recent sell-off. On Tuesday, January 7, US bond yields surged following unexpectedly robust economic indicators, with the 10-year Treasury rising to 4.67%. Much of the market anxiety focused on the higher-than-expected ISM Prices Paid Index, a metric that can herald inflation, as well as a surprise uptick in the JOLTS job openings data. With signs of labor market tightness and possible inflation pressures, investors pivoted to risk-off strategies, hitting crypto assets across the board. Related Reading: Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally? “Crypto markets sink further, indicating short to midterm buy zones for most assets,” reads Santiment’s published chart. In this vein, Dogecoin’s current downturn lines up with the broader market narrative. If yields and inflation concerns continue to dominate headlines, we can anticipate more cautious capital flows into risk assets. Conversely, any signal of cooling inflation or a less restrictive Federal Reserve stance might catalyze a rally—one that could be amplified by negative MVRV ratios across the board. Nevertheless, the contrasting signals make for a tricky trading environment. On one hand, Santiment’s metrics point to advantageous historical conditions for those looking to accumulate, notably for DOGE at -8.89% MVRV. On the other, uncertain macro data—ranging from Treasury yields to inflation prints—could hamper any near-term recovery. For now, Santiment’s outlook is measured: “Do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don’t get in the way.” At press time, DOGE traded at $0.33. Featured image created with DALL.E, chart from TradingView.com
Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world’s largest crypto exchange. Moreover, the lofty Dogecoin transaction comes on the heels of a recent10% price crash in the meme coin. Whales Move Over 70 Million Dogecoin To Binance The recent Dogecoin price crash may have triggered fear among investors, as DOGE whales are suddenly selling off their holdings. With analysts and traders expressing hopes of an imminent Dogecoin price breakout, many are voicing frustration and concern over the ongoing DOGE sell-offs, fearing further delays in the market’s momentum. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension Notably, Whale Alert spotted a substantial Dogecoin transfer on January 7. The cryptocurrency tracker reported that approximately 70,081,124 DOGE tokens were moved by an anonymous whale to Binance. This massive deposit, worth over $27.6 million, has caught the attention of the crypto market, as most large-scale whale transactions often do. Typically, when an asset is transferred from a wallet to a crypto exchange, it indicates the potential for a sell-off. This is because investors often move their holdings to crypto platforms like Binance when they plan to liquidate their positions. The recent 70 million DOGE transfer is a large-scale market movement that could lead to increased volatility, potentially triggering more downturn for Dogecoin. At the time of writing, CoinMarketCap’s data shows that the Dogecoin price has declined by more than 11.2% in the past 24 hours. Considering the meme coin’s susceptibility to slight changes in market trends, additional sell-offs could exacerbate fears of further declines, potentially placing even more downward pressure on Dogecoin. Notably, crypto analyst Ali Martinez has reported on X (formerly Twitter) that Dogecoin’s TD sequential is presenting a sell signal on its daily chart. Given this development, Martinez states that a Dogecoin price correction should be expected, as widespread liquidations often lead to a downtrend. Analyst Cautions Against Selling DOGE After breaking out of this Ascending Triangle, Dogecoin appears to have returned to the apex, testing it as a new support zone and aiming to bounce off this level to continue its upward trend. Crypto analyst Trader Tardigrade shared a chart on X, highlighting that the apex of the Ascending Triangle could serve as a launchpad for a Dogecoin price rally, with the potential to reach a new ATH of $0.95. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December Consequently, Dogecoin investors are being urged to stay on course as the meme coin undergoes this critical phase in its price action. Trader Tardigrade has emphasized that now is not the time to sell off prematurely or short DOGE, as doing so could result in missing the projected price surge to a new ATH. Featured image created with Dall.E, chart from Tradingview.com
The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins. Why The Shiba Inu And Dogecoin Prices Crashed Today CoinMarketCap data shows that the Shiba Inu and Dogecoin prices […]
Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours. Coinglass Data Highlights Extent Of Dogecoin Liquidations According to data from Coinglass, Dogecoin liquidations have been among the most significant in the market in the past 24 hours, as leveraged positions failed to withstand the rapid price drop. Particularly, Dogecoin traders lost over $24.37 million in liquidations during the past day, coming in behind only Ethereum, Bitcoin, and Solana, who have witnessed $136.9 million, $111.54 million, and $31.48 million, respectively, in liquidations. Related Reading: Bitcoin Weekly PPO Turns Red At $102,000, What It Means For The Bull Market Long positions accounted for the majority of liquidations, as bullish traders were caught off guard by the unexpected sell-off. In the case of DOGE, $21.42 million worth of long positions were liquidated, while about $2.95 million worth of short positions were liquidated. These liquidations have also been accompanied by a strong decline in open interest in Dogecoin futures positions. According to Coinglass data, the open interest on Dogecoin is currently at 10.31 billion DOGE tokens, reflecting a 12.37% decline in a 24-hour timeframe. This corresponding drop in open interest suggests a cautious sentiment among Dogecoin investors as crypto bulls push through double-digit beatdowns. DOGE To Bounce Back? The dominance of liquidated long positions shows how bullish traders were blindsided by the abrupt sell-off, which swiftly erased many of the gains in the previous four days. This sharp correction has interrupted Dogecoin’s upward momentum, which had been gearing up to break above the $0.40 price level. Instead, Dogecoin bulls now face the challenge of defending key support at $0.35. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension Dogecoin’s price action in the past seven days has been characterized by intense activity, with a surge from $0.31 on January 1 to $0.395 on January 7, representing a 27.4% increase in six days. However, the past 24 hours have been riddled by a 10% correction. Nevertheless, Dogecoin continues to hold on to this intense trading activity, with data from Coinmarketcap showing a 90% increase in trading volume in the past 24 hours despite the liquidations. Furthermore, these sorts of liquidations and declines are not unusual for Dogecoin, and many holders have seen them as part and parcel of the market. Looking ahead, Dogecoin retains the potential for a strong rebound, particularly if bulls can maintain support around the $0.35 level. A recovery in Bitcoin’s price above the critical $100,000 mark could further provide the broader market momentum needed to resume Dogecoin’s rally. At the time of writing, Dogecoin is trading at $0.3505. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has experienced a massive spike in whale activity, with large-scale investors purchasing huge amounts of tokens in the past 24 hours. This surge in buying activity comes as the Dogecoin price gears up for a potential rally, offering a discount for whales who may believe the meme coin is currently undervalued. Dogecoin Whale […]
The Dogecoin price is currently battling to break above the $0.4 price level again, but technical analysis suggests that might not be the only thing that the meme-inspired cryptocurrency is battling. According to technical analysis by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin is currently locked in a battle with a key resistance level defined by the macro 0.5 Fibonacci extension, which could determine whether the price can break through to higher levels above $0.4 or face renewed selling pressure. Moment Of Truth At Macro 0.5 Fibonacci Extension Resistance The Fibonacci extension indicator is a popular tool among technical analysts to identify price targets and resistance levels. In the case of Dogecoin, crypto analyst Kevin made use of this Fibonacci extension projected from the cryptocurrency’s low of around $0.15 in the middle of October. For Dogecoin, the macro 0.5 Fib extension represents a significant barrier that has held back upward momentum. Related Reading: Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent This 0.5 Fib extension is also notable, considering that it is situated around an order block during Dogecoin’s most recent correction. Crypto analyst Kevin highlighted this resistance level as a “moment of truth,” emphasizing that a successful breach of this level is critical for DOGE to aim for the macro golden pocket. Considering recent market dynamics, Dogecoin’s ability to overcome this resistance will likely hinge on broader market movements, particularly on Bitcoin’s performance. #Dogecoin is in an all out battle with the macro 0.5 Fib extension. This is big resistance and is the key to make it back up to the macro golden pocket. #DOGE success here is going to fully depend on #BTC ability to breakout of its macro golden pocket. Moment of truth folks. pic.twitter.com/vWtfpVahv1 — Kevin (@Kev_Capital_TA) January 6, 2025 Bitcoin’s Role in Dogecoin’s Price Momentum Bitcoin, as the dominant cryptocurrency, mostly always sets the tone for the broader market, including other large market-cap altcoins like Dogecoin. Interestingly, Bitcoin’s inflows and its latest break above the $100,000 price level again in the past 24 hours have flowed into other cryptocurrencies. Related Reading: XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10? Kevin noted this correlation between Dogecoin and Bitcoin, highlighting that Dogecoin’s movement into its macro golden pocket will depend on Bitcoin’s ability to break out of its own macro golden pocket. If Bitcoin manages to break out of its golden pocket, it could provide the momentum needed for Dogecoin to conquer its 0.5 Fibonacci resistance. However, a failure by Bitcoin could leave Dogecoin vulnerable to further consolidation or even another retracement downwards. The golden pocket refers to a specific range within the Fibonacci extension levels, typically the area between the 0.618 and 0.65 Fib extension levels. When referred to as a macro golden pocket, it indicates that the Fibonacci indicator is being applied to a larger time frame, such as weekly or monthly charts, and is on long-term price movements. In an earlier analysis, Kevin identified $0.49 as the “macro golden pocket.” Furthermore, he noted that this level is the first major resistance zone that Dogecoin bulls must push above for a bullish breakout. At the time of writing, Dogecoin is trading at $0.39, up by 25.5% in the past seven days. Featured image created with Dall.E, chart from Tradingview.com
Talks about the Dogecoin payments on the X payment have arisen again following recent developments. These developments include a recently leaked code that suggests the X payments launch is imminent. Dogecoin Payments Rumors On The Rise Amid Imminent X Money Launch Talks about the Dogecoin payments on X have gathered pace amid the imminent X […]
The Dogecoin price could be gearing up for a strong bullish move, as a crypto analyst has identified a recurring pattern in the meme coin’s movements. This optimistic outlook on Dogecoin’s future trajectory comes after the meme coin experienced a severe price crash of over 46%, pushing it to new lows. Dogecoin Price Gets Ready […]
Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs. Dogecoin Gaussian Channel Flashes Green Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of bullishness but not quite completing the move. However, this is beginning to change as, for the first time, the Dogecoin Gaussian Channel has turned green. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? According to crypto analyst Trader Tardigrade, the Dogecoin Gaussian Channel recently flashed green, and this happened on the 4-hour chart. This development points to a possible breakout of the channel that has persisted for the last three weeks. It also signals the start of a possible upward move that could push the price above the coveted $1 level. Initial targets for the Dogecoin price from here put it toward $0.5, where the most resistance currently lies for the DOGE price due to its recent peak. Once a break above the resistance is achieved, the analyst’s chart shows a massive continuation that could push the price further. At the top of the breakout is the $1.4 target, which is an over 200% move from the current price. This target is in line with the analyst’s previous predictions for DOGE, saying that the leading meme coin was set to hit a new all-time high price soon. Analysts Bullish On DOGE Price Despite the crash that rocked the Dogecoin price back in December 2024, crypto analysts have remained quite bullish on the meme coin. Crypto analyst Dima James shared in December that the Dogecoin price could reach double-digits this cycle. Related Reading: Litecoin Sees 2M Bollinger Bands Tighten – What A Move Above $130 Will Mean For Price James used historical data to back up his prediction, showing that DOGE has a history of massive surges. Mainly, these surges happen on a 4-year cycle and with the last major surge happening in 2021, it means 2025 is next in the 4-year cycle. If this is correct, then the DOGE price could be seeing a new all-time high in the first quarter of 2025. In another analysis reported by NewsBTC, a crypto analyst predicted that the DOGE price could rise as high as $5, forecasting a 1,500% move for the meme coin. This time around, the analyst puts the timeline somewhere between March and April, giving only a few months for this prediction to materialize. At the time of writing, Dogecoin was trading at $0.383, 48% below its all-time high price of $0.7376 recorded in May 2021. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price might be gearing up for what looks like another notable rally after its recent performance since the beginning of January. Dogecoin, which spent the majority of the last two weeks of December on a decline, has regained momentum this month and is now about to break above the $0.40 mark again. According […]
Dogecoin jumps 21% as whales accumulate over 1 billion DOGE, with analysts predicting it could hit $1 in 2025.
The Dogecoin price is showing remarkable strength as it aims to recover and potentially surge to new all-time highs. Prominent crypto analyst Javon Marks has projected that the Dogecoin price recovery could trigger a significant price rally, driving gains of 75% in the short term and an impressive 234% surge in the long term. How […]
The Dogecoin and Shiba Inu prices have surged significantly today, providing optimism for investors. This development is thanks to several factors that paint a bullish picture for the foremost meme coins. Why The Dogecoin And Shiba Inu Prices Are Up CoinMarketCap data shows that the Dogecoin and Shiba Inu prices are up over 14% and […]
Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action. The analyst revealed that the foremost meme coin was approaching the moving average (MA) line, which could lead to a new all-time high (ATH). Dogecoin Eyes ATH As Weekly RSI Approaches The MA Line In an X post, Master Kenobi revealed that Dogecoin’s weekly Relative Strength Index (RSI) is approaching the MA. He remarked that this is a crucial level that needs to be broken to confirm a continued upward movement. The crypto analyst added that if these barriers are cleared, then the current ATH of $0.74 becomes the next major point of interest for Dogecoin. Related Reading: XRP Price Prediction To $4.9: How The 1-Day 50 MA Will Drive The Next Wave As part of his Dogecoin analysis, Master Kenobi also noted that DOGE has had a solid week, although it is unlikely to close in the ATH zone. As part of the obstacles that DOGE needs to overcome, the crypto analyst highlighted a resistance that the foremost meme coin faces at the upper green trendline on his accompanying chart. This comes after DOGE successfully tested the lower green trendline two weeks ago. From a fundamentals perspective, the crypto analyst noted that Donald Trump’s reinstatement in the White House could serve as both an indicator and a significant catalyst for Dogecoin reaching its current ATH. Crypto analyst Kevin Capital also shared an analysis of what needs to happen for Dogecoin to reach and surpass its current ATH. First, he stated that the meme coin needs to break the macro golden pocket at $0.49, then the Fib .703 level at $0.53, and then a break above $0.59. The crypto analyst asserted that a clean break above $0.59 would pave the way for a new ATH for Dogecoin. DOGE Ready For Next Leg Up The Dogecoin price looks well-primed for the next leg of its bull run. In an X post, crypto analyst Trader Tardigrade revealed that a Dogecoin MACD bullish crossover has occurred on the daily chart. He added that the previous bullish crossover triggered a massive pump for DOGE when it soared from $0.11 to $0.43. Related Reading: Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First The crypto analyst added that Dogecoin could record a similar rally again. His accompanying chart showed that DOGE could reach the much-anticipated psychological $1 level on this next leg up. In another X post, Trader Tardigrade mentioned that the meme coin has just entered distribution in the “Power of Three” (PO3) pattern. He added that this pattern makes $1 a reasonable target. Master Kenobi also recently predicted that Dogecoin could rally to as high as $1.2 if the meme coin breaks its ATH by the end of January. At the time of writing, the Dogecoin price is trading at around $0.38, up over 15% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst KrissPax has drawn the community’s attention to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon record a double-digit price surge. Dogecoin Price Eyes Double-Digit Surge In an X post, KrissPax predicted that the Dogecoin price could enjoy a double-digit surge […]
The Dogecoin price seems to be in the early stages of a budding momentum with recent action in the past 48 hours. Particularly, a rebound has seen Dogecoin retesting the $0.34 price level in the past 24 hours. Notably, technical analysis of the Dogecoin price movement shows that the meme coin could now be gearing […]
Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal. Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to be more confirmations for this rally to be $0.48. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For In line with this, Swallow remarked that the Dogecoin price needs to see a weakening near that EMA zone before going for a downward movement. He explained that any signs of volume building up at that range could lead to a further move toward the $0.40 and $0.48 targets. Crypto analyst KrissPax also recently provided a bullish outlook for the Dogecoin price, predicting that a rebound was imminent. He stated that Dogecoin has broken out of a 2-week descending wedge. The crypto analyst added that after a retracement, the foremost meme coin could rally back over $0.40. In another X post, KrissPax revealed that the Dogecoin price just finished a retest on an upward-sloping resistance line as support and is already up 6% in this new year. He added that a continuation higher is expected. Based on the chart analysis, DOGE could rally to as high as $2, marking a new all-time high (ATH) for the foremost meme coin. The Dogecoin price could still rally to double digits in this market cycle based on predictions by several crypto analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could cross $11 before this year ends. 2025 Is A Bullish Year For DOGE In a recent X post, crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the foremost meme coin. The crypto analyst added that the upper resistance line indicates the DOGE top in this market cycle could be $3.63. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details The crypto analyst had before now predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin mirrors its 2021 bull run. Meanwhile, crypto analyst Master Kenobi also shared a prediction similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the foremost meme coin could at least surpass the psychological $1 level and reach $1.2. At the time of writing, the Dogecoin price is trading at around $0.33, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has witnessed an explosive increase in the number of large transactions, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE. Dogecoin Sees 41% Surge In Large Transactions IntoTheBlock data shows that Dogecoin has witnessed a 41% surge in large transactions, with […]
Crypto analyst Dima James has boldly predicted that the Dogecoin price could cross $11 in this new year. He alluded to DOGE’s weekly chart to explain why the foremost meme coin is well-primed to reach this price target. Dogecoin Price Primed To Cross $11 This Year In an X post, Dima James predicted that the Dogecoin price could cross $11 this year and reach $11.71. The analyst made this prediction following his analysis of Dogecoin’s weekly chart. His accompanying chart showed trend lines, which he noted are mathematically calculated and placed to provide an idea of where DOGE could end year 4 of this current cycle. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Alluding to the chart, Dime James noted that historically, the red line has consistently signaled the top in every cycle. Meanwhile, the line above the red one marks the exact cycle top in previous 4-year cycles (2017 and 2021). If history repeats itself, the crypto analyst believes this pattern will play out again this year, with the Dogecoin price reaching at least the red line, with the target above $11. The crypto analyst noted that in previous cycles, the Dogecoin price has increased exactly 37x from the start of year 4 to the end of that same year. Dogecoin began this year at $0.31660. Therefore, if history rhymes, Dima James boldly predicted that the foremost meme coin will end 2025 at around $11.71, 37 times the price at the start of this year. Dima James also raised the possibility of the Dogecoin price rising above $11.71. He noted that the red line for year 4 in 2025 begins at around $23 and increases over time. The line above the red one starts at $36 and also increases with time. The crypto analyst added that market participants can begin to expect this cycle’s peak depending on when Dogecoin reaches this red line. A More Conservative Price Target Crypto analyst Master Kenobi provided a more conservative target for the Dogecoin price, suggesting it could top between $1.2 and $3.4 in this market cycle. He stated that if DOGE breaks past its current all-time high (ATH) of $0.74 by the end of January, it could potentially test the $1.2 area, which he marked with the yellow trend line on his accompanying chart. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The analyst added that anything beyond the $1.2 Dogecoin price target would be a bonus, although not impossible. He remarked that if DOGE were to reach the orange line by the end of January, it would be valued at $3.4. The crypto analyst opined that the meme coin is unlikely to reach this target at this stage of the bull market. At the time of writing, the Dogecoin price is trading at around $0.33, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Balo (@btcbalo) has highlighted a major technical breakout on the Dogecoin (DOGE/USD) chart that suggests a bullish trend in the near future. Balo’s analysis, based on a 4-hour chart, points to several key technical developments that are driving expectations of a continued upward movement of the Dogecoin price. Why Dogecoin Looks Poised To Rally A cornerstone of Balo’s assessment centers on Dogecoin’s decisive breach of a longstanding downtrend line on December 28. This downtrend line, originally established from the December 8 apex of $0.48, had served as a formidable resistance level, effectively dictating DOGE’s price movements throughout December. Related Reading: Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst The breakout above this trend line marks a critical turning point. Following this ascent, Dogecoin experienced a minor retracement in which the memecoin swiftly retested the breached trend line. However, the retest was successful, reinforcing the bullish outlook for Dogecoin. Complementing the breakout from the downtrend line is the dissolution of a descending triangle pattern that had been forming since December 21. A descending triangle is characterized by a series of lower highs converging with a relatively flat support level, often signaling a potential bearish continuation. However, Dogecoin’s ability to break out of this formation today, on January 2 suggests a shift in market sentiment. The emergence from the descending triangle, coupled with the breakout, enhances the bullish narrative, although a retest of the triangle’s upper boundary could provide further validation of this upward trend. Integral to Balo’s thesis of a major breakout is also the volume profile, which offers a nuanced understanding of trading activity at various price levels. Dogecoin has rebounded from the substantial support at the highest volume cluster around $0.32, indicating a strong base of accumulated trading interest. Related Reading: Dogecoin Teeters Between ‘Price Discovery’ And ‘Catastrophe’: What’s Next? To the upside, volume is thin until the $0.40 region, where there is a huge cluster up to $0.43. This clustering implies that above this zone, DOGE could encounter minimal resistance, paving the way for Dogecoin to target its yearly high of $0.4834, recorded on December 8. Further reinforcing the bullish outlook is the completion of the ABC pattern on Dogecoin’s chart. The ABC pattern is a corrective sequence in technical analysis that typically signifies the termination of a retracement phase and the continuation of the preceding trend. In Dogecoin’s case, the finalization of this pattern aligns seamlessly with the other bullish indicators derived from the breakout and volume profile analysis. Thus, Balo’s remark “DOGE [is] starting to break out, I don’t see any reason to stop now. New highs real soon,” could signal that DOGE is heading for a new high. At press time, DOGE traded at $0.34. Featured image created with DALL.E, chart from TradingView.com