In a fresh market update shared on X, crypto analyst Kevin (@Kev_Capital_TA) presented a weekly DOGE/USD chart suggesting that Dogecoin could be nearing what he describes as a pivotal inflection point. He stated, “My Dogecoin Community it is about that time where I must provide you the Alpha you all desire. If we take a look at DOGE on the weekly time frame we can see that we received a weekly demand candle last week at the ‘Last line of bull market support’ that I pointed out a couple of weeks ago.” Analyst Sees Big Move Coming For Dogecoin He emphasized the significance of $0.139, calling it vital that Dogecoin maintain this level and explaining that, in his opinion, this zone represents a rare opportunity with “phenomenal” risk-reward potential. He noted, “It will continue to be absolutely vital that Dogecoin hold this level while it resets higher time frame indicators like the 3 Day MACD, Weekly Stoch RSI and 2W Stoch RSI all of which are getting very close to being fully reset.” By referencing these oscillators, Kevin underscored that Dogecoin’s momentum profile seems to be approaching a state in which downward pressure could dissipate and bullish forces could resurface. He explained that the Weekly Stoch RSI, for example, is already fully reset, and that the 3-Day MACD is “getting closer to fully resetting,” while the Two-Week (2W) Stoch RSI may still need around another month before it is aligned with the lower, reset region. This combination of technical conditions often attracts traders who regard such convergences as signals that a market may be primed for a marked price move. Related Reading: Whales Accumulate Over 120 Million Dogecoin In Past Week – Analyst Kevin framed his outlook by saying, “In my opinion this continues to be a spot where the risk reward ratio on Doge is absolutely phenomenal given that if we lose $0.139 durable on weekly closes you can cut your trades/losses but your upside potential outweighs your downside risk by miles.” In essence, he is placing the onus on Dogecoin’s ability to remain above $0.139 on a weekly closing basis, because in the event of a sustained break below that line, the bullish thesis could be nullified and traders would likely reduce or exit long positions. Kevin also tied the coin’s fate to the broader crypto landscape, making it clear that a resilient Bitcoin price would be critical if Dogecoin is to maintain its footing near $0.139. He stated, “As long as BTC holds these levels and does not lose 70K then I absolutely love this spot on DOGE,” which reveals his assumption that a weakening Bitcoin would threaten bullish altcoin setups. Related Reading: Dogecoin Faces 1929-Style Reckoning, Bloomberg’s McGlone Warns Even so, he said, “If I were ever looking to properly allocate into Doge then I would definitely take advantage of this spot from a trade perspective,” reflecting his belief in the coin’s potential to remain stable in this range and potentially rally once those higher time frame indicators fully reset. This does not guarantee an imminent Dogecoin rally, but it underscores why Kevin believes the current market structure could allow for greater upside than downside, and why many traders and on-chain enthusiasts are closely monitoring these specific conditions. In summarizing his view of what may come next, Kevin explained, “From a holders perspective it is pretty simple. You have to hold $0.139 while these higher time frame indicators reset and get ready for the next big move.” This sentiment hinges on the notion that once these key momentum and trend-following signals swing from reset levels back toward an upswing, a rally could unfold if external factors (particularly Bitcoin’s performance) remain supportive. He has thus labeled the $0.139 zone as a make-or-break support level—one that, if breached on the weekly chart, could invalidate his bullish stance. If it holds, however, Kevin believes Dogecoin is “ready for the next big move.” At press time, DOGE traded at $0.17534. Featured image created with DALL.E, chart from TradingView.com
Dogecoin started a fresh decline below the $0.1720 zone against the US Dollar. DOGE tested $0.1650 and is now attempting to recover toward $0.180. DOGE price started a fresh decline below the $0.1750 and $0.1720 levels. The price is trading above the $0.170 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1750 and $0.1800 resistance levels. Dogecoin Price Eyes Recovery Dogecoin price started a fresh decline below the $0.1750 zone, like Bitcoin and Ethereum. DOGE dipped below the $0.1720 and $0.1700 support levels. It even spiked below $0.1650. A low was formed at $0.1646 and the price is now attempting a strong comeback. There was a move above the $0.1680 level. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.1791 swing high to the $0.1646 low. Dogecoin price is now trading above the $0.1680 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1755 level or the 76.4% Fib retracement level of the downward move from the $0.1791 swing high to the $0.1646 low. The first major resistance for the bulls could be near the $0.1780 level. The next major resistance is near the $0.1800 level. A close above the $0.1800 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.2000 level. The next major stop for the bulls might be $0.2050. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1755 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1680 level. The main support sits at $0.1650. If there is a downside break below the $0.1650 support, the price could decline further. In the stated case, the price might decline toward the $0.1620 level or even $0.1550 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1680 and $0.1650. Major Resistance Levels – $0.1755 and $0.1800.
Dogecoin and meme coins have taken a hit in recent weeks, with heightened market volatility and macroeconomic uncertainty weighing heavily on risk assets. After a steep correction from recent highs, DOGE is now consolidating in a tight range between $0.16 and $0.18. This zone has become a critical battleground for bulls and bears alike as investors wait for a clear breakout or breakdown. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend? For bulls, reclaiming levels above $0.18 is essential to kickstart a recovery and restore confidence in the asset’s short-term outlook. If DOGE can break above this resistance, momentum could quickly build toward higher price targets. However, continued weakness below $0.16 could signal a deeper correction ahead. Despite the recent struggles, on-chain data paints a more optimistic picture. According to Santiment, whales have accumulated over 120 million DOGE in the past week, suggesting that large holders are positioning for a potential rebound. This increase in whale activity is often seen as a bullish signal, especially during periods of consolidation. Whether Dogecoin can capitalize on this support remains to be seen, but for now, the groundwork for a breakout is being laid. Dogecoin Consolidates Ahead Of Potential Breakout Dogecoin has remained in a tight consolidation range since March 11, trading between $0.16 and $0.18 with no clear breakout in sight. This prolonged period of sideways movement has left investors on edge, as the entire crypto market awaits a decisive catalyst to determine the next major direction. Market conditions remain highly uncertain, driven by global macroeconomic instability, aggressive monetary policies, and ongoing trade tensions. As a result, traders are preparing for increased volatility. Meme coins like Dogecoin are typically among the most volatile assets during both bull and bear phases. In bear markets, they tend to be hit the hardest due to their speculative nature and lack of strong fundamentals compared to large-cap projects. With analysts split on whether this is a correction within a larger bull cycle or the beginning of a full-fledged bear market, Dogecoin’s next move could be pivotal. Despite the fear in the market, on-chain metrics suggest that large holders may be positioning for a move higher. According to data shared by top analyst Ali Martinez on X, whales have bought over 120 million DOGE in the past week alone. This accumulation by major players could signal growing confidence in a potential rebound, especially if Dogecoin can break above the $0.18 resistance zone. For now, the market continues to watch closely. A breakout from this range could lead to a rapid move, either up or down, with whale activity hinting that bulls may be preparing to take control. Whether Dogecoin rallies or retreats will depend on the broader market’s next move—but all eyes are on the meme coin leader. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow? Price Holds Key Support But Faces Crucial Resistance Ahead Dogecoin is currently trading at $0.16 after several days of consolidation between the $0.15 support and the $0.17 resistance level. This narrow range reflects the uncertainty dominating the broader crypto market, with meme coins like DOGE experiencing low volatility and cautious trading activity. Despite holding above $0.15—a critical support zone—bulls have been unable to generate enough momentum to push prices toward the $0.20 level. Reclaiming $0.20 is essential, as it would likely signal the start of a recovery phase and potentially trigger bullish sentiment across the Dogecoin community. That level could serve as a launchpad for a new rally, especially if broader market conditions stabilize and BTC leads a move upward. However, if DOGE fails to hold the $0.15 support, the risk of a deeper correction increases significantly. A breakdown below this level could send the price into lower demand zones, potentially testing the $0.13 or even $0.12 levels in a more bearish scenario. Related Reading: Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead? For now, the price remains range-bound, but pressure is building. Bulls must act soon to reclaim higher ground, or bears may seize control and drive DOGE into deeper losses. The coming days will be critical for determining short-term momentum. Featured image from Dall-E, chart from TradingView
An analyst has pointed out how Dogecoin could end up seeing an extended drawdown, based on this Ascending Triangle pattern forming in its hourly price. Dogecoin Has Lost The Support Of An Ascending Triangle Recently In a new post on X, analyst Ali Martinez has talked about an Ascending Triangle pattern for Dogecoin. The “Ascending Triangle” refers to a technical analysis (TA) formation that appears when the price of an asset consolidates inside a triangular region. The ‘Ascending’ in the pattern’s name comes from the fact that this consolidation happens towards a net upside. There are two trendlines in this pattern: an upper level that’s parallel to the time-axis, tracing successive highs, and a lower one that has a positive slope, connecting successive higher lows. Related Reading: This Bitcoin Correction Is Different From March 2024—Here’s Why Just like with any other consolidation pattern in TA, the upper level of the triangle is likely to be a source of resistance in the near future, while the lower one that of support. A break out of either of these boundaries can signal a continuation of trend in that direction. The Ascending Triangle isn’t the only type of triangular pattern in TA, two other popular varieties include the Descending Triangle and Symmetrical Triangle. The former of these is just the opposite of the Ascending Triangle: it forms when the price consolidates to the downside instead. The latter, the Symmetrical Triangle, is a sort of middle-ground between the Ascending and Descending versions, with both of its trendlines having an equal and opposite slope. That is, when the asset is inside this pattern, it converges at a mid-point. Recently, Dogecoin’s 1-hour price looked like it was following an Ascending Triangle. Here is the chart shared by Martinez, that shows this pattern for the memecoin: As is visible in the above graph, the hourly Dogecoin price recently made a retest of the lower line of this Ascending Triangle, but it would appear the coin has been unsuccessful in finding support at it, as it has slipped right through. Related Reading: XRP Jumps 7% After Surge In Network Activity & Whale Buying From the graph, it’s apparent that the memecoin wasn’t far from the apex of the triangle when this break came. Consolidation gets narrower as an asset reaches the end of the pattern, so breakouts start to become more likely. As mentioned before, a breakout can mean a potential continuation of trend in the direction of the break. So, in this case, DOGE has just witnessed a bearish signal. Often, the length of a move emerging out of an Ascending Triangle breakout is of the same length as the height of the triangle itself. Based on this, the analyst notes a 16% price swing could occur for the coin as a result of pattern. DOGE Price Dogecoin has taken to flat movement in the past week as its price is still floating around the $0.16 mark. Featured image from Dall-E, charts from TradingView.com
Bloomberg Intelligence’s chief commodity strategist, Mike McGlone, has issued a stark caution to Dogecoin holders and the broader crypto community by drawing comparisons to historical instances of market excess. In a series of recent posts published on X , McGlone invoked the years 1929 and 1999—the notorious eras of the stock market crash and the dot-com bubble—to underscore the risks of speculative “silliness” in digital assets. Dogecoin Mirrors 1929-Style Risk He singled out Dogecoin in particular, emphasizing its vulnerability to a potential market reversion, while also pointing to gold as a beneficiary if risk appetite continues to deteriorate. “Dogecoin, 1929, 1999 Risk-Asset Silliness and Gold – The ratio of gold ounces equal to Bitcoin trading almost tick-for-tick with Dogecoin may show the risks of reversion in highly speculative digital assets, with deflationary implications underpinning the metal,” he wrote. Related Reading: Analyst Says Dogecoin Could Skyrocket 16% Any Moment The chart below shows how closely the meme-inspired cryptocurrency’s market cap has mirrored the Bitcoin-to-gold ratio. The tracking of these two metrics suggests that whenever the relative value of Bitcoin to gold experiences a shift, Dogecoin’s trajectory pivoted sharply, exposing it to the same market forces that have historically challenged highly speculative assets. McGlone’s broader thesis does not end with Dogecoin. In another post, he turned attention to the notion of gold reaching $4,000 per ounce, linking such a possibility to dynamics in the bond market and to potential declines across risk-on sectors, including cryptocurrencies. “What Gets Gold to $4,000? 2% T-Bonds? Melting Cryptos May Guide – A path toward $4,000 an ounce for #gold could require something that’s typically a matter of time: reversion in silly-expensive risk assets, notably cryptocurrencies,” he stated. He underscored that if the US stock market were to remain under pressure, bond yields might eventually be pulled lower by the comparatively meager 2% or lower yields seen in China and Japan. Such a scenario, in McGlone’s view, adds tailwinds for gold because a shift from relatively high-yielding Treasuries to lower-yielding government bonds abroad could drive investors toward alternative havens. Related Reading: Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline The chart shared by McGlone reinforces his analysis of decelerating demand for risk assets. One visual, titled “Elevated US Stocks, Bond Yields vs. China, Japan,” displays the persistent divergence between US Treasury yields, which hover around the 4.19% mark, and the comparatively subdued rates of Chinese and Japanese government bonds, situated closer to 2% and 1.51% respectively. The graphic also portrays the S&P 500’s market cap-to-GDP ratio, which remains historically high despite recent volatility. McGlone’s conclusion is that continued pressure on equity markets, combined with global bond rates that sit well below US yields, could accelerate a rotation into gold if investors perceive a downturn in “expensive” asset classes, including risk assets like Dogecoin. A third post addressed the broader altcoin market, with McGlone pointing to Ethereum as a leading indicator of whether the overall trend has turned bearish for digital assets. “Has the Trend Turned Down? Ethereum May Guide – Ether, the No. 2 cryptocurrency, is breaking down, with deflationary implications and gold underpinnings,” he noted. At press time, DOGE traded at $0.16663. Featured image created with DALL.E, chart from TradingView.com
Two respected crypto analysts, Ali Martinez (@ali_charts) and CW (@CW8900), have each published technical charts indicating that Dogecoin (DOGE) appears poised for a significant price move. Their analyses, while conducted on different timeframes, both highlight breakouts from constrictive patterns that have prevented any major swings over the last few weeks. Dogecoin Could Surge 16% (1-Hour Chart) Ali Martinez presented a one-hour Dogecoin chart on X that shows the token trading within a narrowing range defined by a symmetrical triangle. According to Martinez, DOGE initially saw a steep decline—approximately 16.46%—from around $0.18, dropping just above $0.14 before recovering and forming progressively higher lows. The upper limit of the triangle rests near $0.18, while the lower support line extends upward from the vicinity of $0.144. Martinez points to the $0.16–$0.18 corridor as a key area that has contained Dogecoin’s price action. He remarks that a clear and convincing hourly close above this zone might release the buying pressure that has been consolidating over the past ten days. Citing symmetrical triangle theory, Martinez estimates that such a breakout could spark a 16% upswing from the breakout point. “Dogecoin will break out! A close outside $0.16-$0.18 could trigger a 16% price move,” Martinez wrote via X. Related Reading: Dogecoin Shark & Whale Population Rises—Price Turnaround Incoming? Falling Wedge Breakout (1-Day Chart) CW, on the other hand, shared a daily Dogecoin chart illustrating what he interprets as a falling wedge formation stretching back to December 2024, when DOGE briefly climbed to around $0.48 before reversing course into a prolonged downtrend. In a falling wedge, the price typically forms lower highs and lower lows, converging toward a narrowing apex. CW notes that Dogecoin has finally crossed above the wedge’s downward-sloping resistance line yesterday, an event widely viewed as a bullish reversal signal once the breakout is confirmed by subsequent candles holding above that line. Related Reading: Dogecoin At Make-Or-Break Point After Multi-Year Trendline Test CW’s analysis relies heavily on Fibonacci retracements drawn from DOGE’s most recent major upswing. He identifies crucial Fibonacci levels at $0.2027 (the 0.236 retracement), $0.2564 (the 0.382 retracement), $0.2999 (the 0.5 retracement), $0.3433 (the 0.618 retracement), $0.40513 (the 0.786 retracement), and $0.4839 (the 1.0 retracement). These levels often serve as potential price floors or ceilings in either bullish or bearish market environments. CW believes that now that the token has escaped its descending wedge, it could climb through these retracement levels in succession, provided the broader market remains supportive. Ultimately, he sets his sights on the 1.618 Fibonacci extension at $0.71. At press time, DOGE traded at $0.17. Featured image created with DALL.E, chart from TradingView.com
Dogecoin is currently consolidating within a tight range, trading below the $0.18 mark and holding support above $0.16. Meme coins have faced significant selling pressure and uncertainty, struggling to gain momentum as the broader crypto market remains volatile. Bulls must reclaim crucial resistance levels to confirm a recovery and prevent further downside. Related Reading: XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level Despite the market downturn, there are signs that DOGE may be on the verge of a breakout. Top analyst Carl Runefelt shared insights on X, revealing that Dogecoin is forming a bullish pattern that could break out at any moment, leading to a massive rally. According to Runefelt, the pattern resembles a classic accumulation setup, hinting at a potential surge in price if key resistance levels are breached. With market sentiment shifting and on-chain data showing renewed interest in DOGE, traders are closely watching for signs of a breakout. If Dogecoin manages to reclaim higher price levels, it could signal the start of a strong uptrend for the meme coin. However, failure to hold its current support zone may result in further downside. The coming days will be crucial in determining whether DOGE bulls can take control and push prices higher. Dogecoin Falling Wedge Signals a Potential Breakout Dogecoin has experienced a sharp decline, now trading 70% below its December high. The selling pressure continues as meme coins remain some of the hardest-hit assets in the crypto market. Speculation and fear have driven prices lower, and DOGE bulls have a long road ahead if they want to reclaim higher levels. Bitcoin’s downtrend since late January has added to the bearish sentiment, leading investors to believe that the bull cycle may be coming to an end. If this is true, meme coins like DOGE will likely face the most volatility and selling pressure in the coming months. However, not all analysts are convinced that Dogecoin’s downtrend will persist. Runefelt’s insights reveal a technical analysis that suggests DOGE is forming a falling wedge pattern—a historically bullish setup. According to Runefelt, once DOGE breaks out of this formation, it could experience a significant rally. His price target for the breakout sits at $0.434, representing a massive upside from current levels. If Dogecoin manages to hold key support and break above resistance, a recovery rally could follow. However, if selling pressure continues and DOGE fails to reclaim higher levels, further declines may be inevitable. The next few weeks will be critical in determining the meme coin’s direction. Related Reading: On-Chain Data Signals Key Test For Solana At $135 Level – Insights Breakout Above $0.20 Or Drop Below $0.15? Dogecoin is currently trading at $0.17 after days of sideways trading, struggling to break above the $0.18 resistance level. The meme coin has been caught in a tight consolidation range as bulls attempt to regain control, but broader market uncertainty continues to weigh on price action. To confirm a recovery, DOGE must push above the $0.20 mark, which serves as a key psychological and technical resistance. Reclaiming this level could trigger a breakout toward higher supply zones, potentially fueling a rally toward $0.25 and beyond. However, for this to happen, Dogecoin needs a surge in buying momentum and increased market confidence. Related Reading: Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming? On the downside, if DOGE fails to reclaim $0.20 in the coming days, selling pressure could increase, leading to a decline below $0.15. A drop below this level would indicate further weakness, potentially sending DOGE to retest lower supports around $0.12. Bulls must step in soon to prevent a deeper correction. Featured image from Dall-E, chart from TradingView
Crypto analysts predicted that Dogecoin could still reverse its current downward trend and propel itself to hit $1 per coin, a forecast that might increase investors’ optimism about the popular meme coin. Market experts said that Elon Musk’s favorite meme coin can bank on the increasing whale activity and a positive outlook from the Stochastic RSI analysis showing a potential upward price trajectory. Related Reading: XRP Turnaround Moment? Analyst Says It’s Lift-Off Time Optimism On The DOGE Dogecoin might not have been spared by the bearish market condition affecting the broader cryptocurrency space but despite the memecoin’s facing several short-term challenges, crypto analysts remain confident in the future of the token and predict a possible increase in its value. Data showed that DOGE slightly moved upward with a 2% increase in the past week but suffered a 36% price decline in its price in the broader picture, raising concern among its investors. As of writing, Dogecoin is traded at $0.1678, down by 0.5% in the past 24 hours, reflecting the overall negative market sentiment. However, the memecoin is still dominating the market with 0.92% with a market capitalization of nearly $25 billion and a 24-hour trading volume of more than $816 million. The short-term declines and challenges that DOGE is facing right now cannot overshadow the token’s long-term growth potential. Whale Activity On The Rise Analysts said that one of the primary drivers of optimism on DOGE is its large investors which are registering positive activity that could fuel the growth of the memecoin in the upcoming months. Market observers revealed that whale activity has increased over the past week with over 110 million DOGE tokens acquired by large investors. These investors are betting that the meme token might be ripe for a possible breakout, highlighting the confidence of whales in the token’s long-term growth. It is also an indicator that whales are not looking at the coin’s short-term volatility but on its long-run prospects. #Dogecoin Stochastic RSI suggests $DOGE could stop its downtrend here and aim for the $1 mark ????$Doge pic.twitter.com/gkpayjUoTc — Trader Tardigrade (@TATrader_Alan) March 18, 2025 Can Dogecoin Hit $1? Meanwhile, a crypto analyst believed that Dogecoin could hit $1 per coin, sparking the interest of traders in the memecoin. Trader Tardigrade said in a post that projections using the Stochastic RSI show a bright future for the meme crypto, suggesting that it can recover from the short-term declines leading to a price surge. Related Reading: XRP Vs. ETH: Bold Prediction Claims ‘Dying’ Ethereum’s Reign Is Ending “#Dogecoin Stochastic RSI suggests $DOGE could stop its downtrend here and aim for the $1 mark,” Trader Tardigrade noted. The key indicator suggested that DOGE could reverse its downtrend and catapult it to upward price movement, something which is also driving optimism among investors. The Stochastic RSI is a gauge being used to spot trend reversals, which is now giving hope to those betting on Dogecoin’s resurgence. Featured image from Gemini Imagen, chart from TradingView
An IndyCar team co-owned by comedian David Letterman will field a Dogecoin-emblazoned car at the Indianapolis 500.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
On-chain data shows the Dogecoin shark and whale wallets have been increasing in number recently, a sign that could be bullish for DOGE’s price. Dogecoin Sharks & Whales Have Been Expanding Despite Price Decline According to data from the on-chain analytics firm Santiment, Dogecoin has recently seen a rise in a couple of important indicators. The first metric of relevance here is the “Supply Distribution” of the DOGE wallets carrying more than 1 million tokens. Related Reading: Bitcoin Miner Selling Still Elevated, On-Chain Data Shows The Supply Distribution tells us, among other things, the number of addresses that belong to a particular coin range. The indicator for the 1 to 10 coins group, for instance, measures the amount of holders who own at least 1 and at most 10 DOGE in their balance. The 1 million+ DOGE cohort, which is the range of focus here, includes two key investor groups: sharks and whales. At the current exchange rate, the cutoff for the range converts to around $166,600. This is clearly quite a significant amount, which is why the entities belonging to the sharks and whales are considered important on the network. Now, here is the chart that shows the trend in the Dogecoin Supply Distribution for the 1 million+ coins range over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution of the sharks and whales observed a plunge when the bearish action in the memecoin’s price first started in January. Since the start of February, however, the indicator has reversed its direction and has been following an upward trajectory. Interestingly, this wallet increase has come despite the fact that the asset’s decline has only furthered during the period. The trend would imply that, although the big-money investors panic sold when the drawdown first began, they have since shifted their attention to accumulating the dip instead. In total, the shark and whale wallets have gone up by 62 (around 1.24%) since the beginning of February and are now not far from the peak witnessed back in January. The increase in the large wallets isn’t the only positive sign Dogecoin has seen; there has also been bullish development in another indicator attached in the chart. The metric in question is the Active Addresses, which keeps track of the total number of DOGE addresses taking part in some kind of transaction activity on the blockchain every day. Related Reading: Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To From the graph, it’s visible that the Dogecoin Active Addresses has jumped to a 4-month high recently, suggesting a large amount of users have been making transfers on the network. While the increase in the shark and whale wallets has been occurring for a while now, the signal in the Active Addresses is a more recent one. It would appear that the current low prices may have finally caught the attention of the masses, who are now coming active to make their moves. DOGE Price At the time of writing, Dogecoin is trading around $0.166, up around 4% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Carl Erik Rinsch is alleged to have stolen an $11 million investment for a television series, instead using it for cryptocurrency trading.
Dogecoin (DOGE) closed last week on a bullish note after testing critical technical levels that could define its next directional move. The weekly chart on Binance (DOGE/USDT) reveals that DOGE is currently trading just above the significant 0.786 Fibonacci retracement level at $0.167. This retracement is drawn from the all-time low at $0.0805 to the peak of $0.4844. Dogecoin Reversal Confirmed? A notable technical development is the interaction with a long-standing descending trendline, extending from the May 2021 all-time high. DOGE recently retested this trendline as support after breaking above it in November 2024. Last week’s candle printed a Hammer-like formation, characterized by a small real body near the top of the range and a significantly longer lower shadow. While the candle also displays a modest upper wick, the dominance of the lower shadow signals that buyers absorbed aggressive sell pressure below the trendline and pushed the price back above the 0.786 Fibonacci level – a strong bullish signal. Related Reading: Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline However, this week could be as important as last week. A weekly close above $0.167 seems essential to confirm the momentum. Otherwise, another test of the multi-year trendline could become a make-or-break moment for the Dogecoin price. Notably, momentum indicators remain neutral to bearish. The weekly Relative Strength Index (RSI) closed around 39, reflecting subdued buying strength and highlighting that DOGE is still operating below the neutral 50 mark. The Exponential Moving Averages (EMAs) are providing layered resistance above the current price. The 100-week EMA lies at $0.17284, positioned just above DOGE’s current range, while the 50-week EMA is located at $0.21427. The 20-week EMA, the more immediate resistance during previous rallies, now sits at $0.24805. Support is reinforced at the 200-week EMA around $0.13621, a level that would likely serve as a last line of defense should DOGE crash below the multi-year trendline. Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge Price action in recent weeks also shows DOGE breaking down from a bearish flag or channel formation, with the breakdown accelerating toward the confluence of the 0.786 Fibonacci level and the descending trendline retest. Despite this, the market responded with strong buying interest in the highlighted red support zone. On-chain data further contextualizes the recent price action. Analytics firm Santiment reported via X today that Dogecoin, like most meme coins, has been heavily impacted during the ongoing two-month market-wide retracement. However, Santiment pointed out a bullish divergence on the network side. The firm states: “Dogecoin, like most meme coins, have been hammered during the 2-month crypto-wide retrace. However, we recommend keeping an eye on the rising level of wallets holding at least 1M $DOGE, which has recovered during the price dump. Active addresses are also at 4-month highs.” Adding to this sentiment, crypto analyst Daan Crypto Trades commented via X: “DOGE similar to PEPE but has already retaken the Election level after sweeping it. I think these are key levels to keep watching on a lot of these alts. A sweep & retake signals some short term relief and these levels can offer a clean invalidation level afterwards.” This aligns with the technical observation that DOGE’s recent price action may represent a sweep of liquidity below a key level, followed by a recovery above support — a typical short-term bullish reversal pattern in crypto markets. Featured image created with DALL.E, chart from TradingView.com
In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary policy toward easing later this year. Pointing to both fundamental and technical indicators, Kevin contends that current Federal Reserve policies will define the exact moment altcoins begin to decisively outperform Bitcoin (BTC). Dogecoin Season Depends On The Fed In one of his updates, Kevin explained the crux of his position: “Everything is continuing to go exactly as planned. We never hopped on the #ALTSEASON bandwagon that the gurus have been pushing for 6-12 months that got people wrecked. I have continued to let my altcoins guidance be backed up by facts and fundamentals […] Based on all my evidence gathered I do still believe that between March-June we will see Powell come out and say that bank reserves have hit levels to where they feel it is necessary to end the run off of the balance sheet which in turn will end QT.” Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge He further emphasized that this potential pause—and eventual reversal—of quantitative tightening (QT) should initiate a new cycle of rate cuts and broader financial easing. According to Kevin, that combined macro shift would signal the beginning of a sustained altcoin rally: “This will then start a new cycle of easing along with further rate cuts and the combination should mark the beginning of Altcoins out performance and BTC Dominance durably heading lower. That is my call based of Macro Fundamental and Technical analysis being combined into one form of Analysis.” Digging deeper into market structure, Kevin forecasts a drop in Bitcoin dominance, a metric that measures BTC’s market capitalization relative to the entire crypto sector: “All the data I have been analyzing is telling me between March – June QT will end. Then altcoins durable out performance will begin and BTC Dominance will durably fall below 54.51%.” He notes that inflation would need to “skyrocket” for the Federal Reserve to continue QT, a scenario he views as unlikely based on his research. Related Reading: Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target Pointing to similarities between current market conditions and 2019, Kevin also explores a somewhat unconventional approach—performing technical analysis (TA) on the Fed’s balance sheet itself: “If we take a look at Total Assets held by the US federal Reserve […] we can see that similar to 2019 we are getting close to re-testing the 2W 200 ema and 2W RSI and LMACD are in the same spot they were before the Fed ended QT.” He anticipates that balance sheet levels could mirror 2019 conditions within the next 126 days—leading up to around the Federal Reserve’s June policy meeting, give or take a couple of weeks. Should the Fed’s total assets hit that threshold, he believes it will confirm the timing he has been advocating. While Kevin references the broader altcoin market, Dogecoin, in particular, features in his strategic outlook. Last week, he underscored the importance of overall market fundamentals and chart positioning when it comes to purchasing DOGE: “If #BTC holds up and Macro Economic Data and Monetary policy adjust then you just got your last opportunity to buy Dogecoin relatively cheap. A lot of factors at play and lots of work to do. But the risk reward at this level is superb given the circumstances.” At press time, Dogecoin traded at $0.17. Featured image created with DALL.E, chart from TradingView.com
The GMCI Meme index's largest holdings — including Dogecoin and Trump — have faced substantial selling pressure as speculative traders exit.
Dogecoin (DOGE) is potentially forming cup and handle formation on the weekly chart. Crypto analyst David (@david_dogecoin) suggests that, if confirmed, Dogecoin could be targeting an ambitious price target of $4. Dogecoin Cup And Handle Pattern The first stage of this pattern, the cup, began taking shape when Dogecoin initially declined from its May 2021 all time high at $0.74. This downward movement led to an extended consolidation period, where the asset gradually formed a rounded bottom in the $0.05–$0.06 range. The curvature of the price action suggests a slow but steady shift in market sentiment, where selling pressure was gradually absorbed by buyers accumulating DOGE at lower levels. As time progressed, Dogecoin started to recover from this bottom, pushing back towards its December 2024 high at $0.48. The gradual and steady rise back to this high signals that bullish momentum has been building, with increasing interest from market participants. Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge After reaching the $0.48 resistance level, Dogecoin faced a rejection, leading to a moderate pullback. This decline formed the handle, a smaller downward retracement that typically precedes the final breakout. The handle in this setup is forming around the $0.14–$0.17 price zone, where the market is currently consolidating. The handle serves as the last phase where weaker hands exit, and stronger buying interest gathers momentum before a decisive move higher. If Dogecoin successfully breaks out of the cup and handle pattern, the projected price target can be estimated using the measured move technique. This involves calculating the depth of the cup and adding that value to the breakout point. Based on this method, the expected target is around $4, according to the chart shared by analyst Kevin. Critique: Why This Is Not A Classic Cup And Handle A textbook cup and handle requires specific structural characteristics, including a rounded bottom and a shallow handle, forming near a prior all-time high or key resistance zone before a breakout. However, there are critical deviations in this analysis that cast doubt on its validity. Related Reading: Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate The decline from $0.74 (May 2021 ATH) to $0.05–$0.06 is too deep and prolonged to be considered a proper cup formation. Classic cup patterns typically form over weeks to months, not multiple years of extended downtrend. The recovery from $0.05–$0.06 to $0.48 is not symmetrical with the initial drop, making the “rounded bottom” aspect of the cup questionable. Instead, the price action resembles a multi-year accumulation phase rather than a continuous rounding structure. Moreover, the handle is forming too deep in the structure. A valid handle should develop near the rim (i.e., close to $0.48), but in this case, Dogecoin has retraced all the way down to $0.14–$0.17—which is a massive drop of over 65% from the supposed cup rim. A healthy handle should not drop below 50% of the cup’s depth, but here, it retraces nearly to the lower third of the structure, invalidating the classical pattern. At press time, DOGE traded at $0.17. Featured image created with DALL.E, chart from TradingView.com
A new technical analysis suggests that the crypto market, which includes altcoins like Ethereum (ETH) and Dogecoin (DOGE), is about to experience a major altcoin season that could last 217 days. If critical support levels are maintained, the analyst suggests that we may finally see the long-anticipated altcoin season. Ethereum And Dogecoin To See An Altcoin Season Soon Sporia, a TradingView crypto analyst, has shared a detailed technical analysis of the altcoin market. The analysis highlights key indicators within the Total2 chart, which represents the total crypto market cap excluding Bitcoin. The market expert emphasizes the importance of holding a critical support level, noting that the highly anticipated altcoin season could finally begin if this zone is maintained. Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Notably, top cryptocurrencies like Ethereum and Dogecoin could benefit from this market shift into an altcoin season. The analyst also noted that current market conditions coincide with Fibonacci time sequences, which may signal an inflection point for altcoin prices. Sporia shared a price chart, describing it as his secret weapon in determining bottom signals for altcoins. Since 2022, the chart has indicated a significant bottom each time the market encountered resistance at a crucial point. As of this week, the chart has recorded a bottom, marking the fourth hit around the critical resistance zone. The analyst has expressed excitement about this trend, solidifying his confidence in a strong altcoin season. He further underscores that the alignment of events, including key support line formations during the week of the Fibonacci time sequences, indicates the heightened possibility of a major market shift. While tracking Fibonacci-based time cycles, Sporia revealed that the first two hits did not trigger any major events, but the third hit at the 2.618 level led to a significant pivot. Currently, this fourth hit at the 3.618 level coincides with the August 2024 altcoin crash, which mirrored the COVID crash in the last cycle. This suggests a 50% accuracy rate for the current Fibonacci sequence, making it an ideal target to watch for a potential bottom and pivot. Altcoin Market Bull Rally To Last Only 217 Days Diving further into his analysis, Sporia predicts that the altcoin market could rally for 217 days, peaking by October 13, 2025, roughly 20 to 30 days after Bitcoin reaches its projected cycle top. He argues that, historically, Bitcoin has always hit a cycle top before altcoins. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge In 2021, Bitcoin peaked in April, and the altcoin market topped 28 days later. Similarly, in 2017, Bitcoin reached the top of the market, and altcoins followed 22 days later. For this market cycle, Sporia projects that Bitcoin will hit its highest point by mid-September after a typical 1,050-day cycle from its previous market bottom. Notably, the analyst revealed that the last time the altcoin market hit the 3.618 Fib level, its total market capitalization surged to $5 trillion. Overall, Sporia has indicated a 99% surety that the altcoin market will bottom so long as the key diagonal support holds. If it does, he highlights that the market should expect a V-shaped recovery and an uptrend lasting for 217 days. Featured image from Unsplash, chart from Tradingview.com
An analyst has explained how Dogecoin could still have a chance at a parabolic run if the support level of this pattern ends up holding. Dogecoin Is Retesting The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a long-term Ascending Channel that the 1-week price of Dogecoin has been trading inside over the years. The “Ascending Channel” here refers to a pattern from technical analysis (TA) that forms when an asset’s price observes consolidation towards a net upside between two parallel trendlines. The upper line of the channel is drawn by connecting successive higher highs. Similarly, the lower one joins higher lows. When the price is moving between these two lines, it’s likely to face resistance at the former level and support at the latter one. Related Reading: Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In? In the scenario that the resistance or support line breaks, the asset can be likely to see a continuation of the trend in the direction of the break. This means that escapes above the channel can be bullish, while drops under it can be bearish. Like the Ascending Channel, there is also the Descending Channel, which occurs when the asset’s consolidation happens toward a net downside instead. But other than this fact, the latter works similarly to the former. There is also a third type of parallel channel, where the consolidation is exactly sideways. In this case, the trendlines are not only parallel to each other, but also to the time-axis. Now, here is the chart shared by Martinez that shows the Ascending Channel that the weekly price of Dogecoin has seemingly been stuck inside for the past decade: As is visible in the above graph, the 1-week price of Dogecoin has recently observed a sharp decline toward the bottom line of the Ascending Channel. Last year, the memecoin also made a retest of the line, which proved successful and helped its price find a rebound to the upside. Related Reading: Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals It’s possible that the line may once again end up holding for DOGE, but it’s still too early to say anything, considering that the last retest saw the coin move along the line for a while before bullish momentum returned. The latest retest of the line has come following a crash that has shaken assets across the cryptocurrency space and instilled fear in the minds of the investors. As long as DOGE stays inside the Ascending Channel, though, not all hope may be lost for the memecoin’s holders. As the analyst says, “Dogecoin $DOGE still has a chance to go parabolic if the $0.16 support level holds!” DOGE Price Dogecoin has been one of the worst-hit top coins in the sector during the past week, as its price has plummeted almost 17%, coming down to the $0.17 level. Featured image from Dall-E, charts from TradingView.com
After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick comeback. The question at hand is whether Dogecoin can seize this opportunity and emerge from its decline, as key indicators are currently displaying bullish signals. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Analysts Spot Signs Of A Bottom Some analysts contend that Dogecoin has already reached its lowest price point, which could potentially lead to a rebound. A prominent crypto analyst, Trader Tardigrade, has observed that DOGE has been adhering to a long-term price channel. The overall pattern indicates that a bottom has likely formed, despite the fact that it has momentarily moved outside the channel’s boundary. #Dogecoin has been following this Macro Channel since its inception ???? Deviations have occurred at the channel’s edges historically. If $Doge remains within the channel without deviation this time, it has already reached the bottom ???? pic.twitter.com/fzDDW4HDqe — Trader Tardigrade (@TATrader_Alan) March 13, 2025 Other analysts noted that the TD Sequential indicator, which is used to predict trend reversals, has sent out a buy signal on Dogecoin’s daily chart. This indication has historically been linked to price gains, suggesting that DOGE might be about to enter an upward trend. Crucial Levels To Keep An Eye On Support and resistance levels will be critical in determining Dogecoin’s next moves. At the moment, the $0.16 level is showing signs that a support will emerge. Market observers believe that if the meme coin can keep a solid footing on this level, it could muster enough steam to rally toward much higher price targets. Under ideal conditions, some predictions suggest that Dogecoin may reach $2.74. Compared to its current state, this would represent a significant price hike. However, DOGE needs to surpass a number of resistance zones, including the $0.30 and $0.50 marks, before this can happen. Uptick In Market Activity Encourages Optimism Another element that is giving Dogecoin a good ounce of lift is the elevated market activity of the meme crypto. For instance, in a 24-hour span, the number of active wallets on the network jumped 270% and totaled 264,000 overall. Usually, an increase in this department indicates rising enthusiasm among consumers and investors. Meanwhile, significant investors, referred to as “whales,” have been acquiring DOGE at an accelerated rate. Whales accumulated 1.7 billion DOGE in their accounts over the past 72 hours. This level of accumulation suggests that significant stakeholders value Dogecoin at its present price. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Dogecoin Outlook While the signs are promising, Dogecoin still faces uncertainty. Market sentiment, broader crypto trends, and potential regulatory moves—such as a Securities and Exchange Commission-approved Dogecoin ETF—could all impact its price trajectory. Featured image from Gemini Imagen, chart from TradingView
Dogecoin (DOGE) is facing a critical moment, having lost over 40% of its value since the start of March. The entire crypto market is under intense selling pressure, driven by macroeconomic uncertainty and heightened volatility. However, meme coins like DOGE have been hit the hardest, as bears continue to short them aggressively, pushing prices lower with no signs of relief. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time Despite the heavy downturn, on-chain data suggests potential signs of recovery. Glassnode metrics reveal that Dogecoin network activity is surging, with a 47% increase in active addresses over the past month. Historically, increased network usage and transaction activity can indicate renewed interest and potential accumulation by long-term holders. If this trend continues, DOGE could see a rebound once market conditions start to improve. However, bulls still have a lot of work to do to regain lost ground and push Dogecoin back into a bullish trend. The coming days will be crucial, as traders closely watch whether network growth can translate into price stability or if further downside is ahead for DOGE and the broader meme coin sector. Dogecoin Down 70% As Network Activity Shows Grows Dogecoin has suffered a brutal sell-off, now trading 70% below its December high as selling pressure remains relentless. Meme coins, in general, have been the most affected assets in the market, as fear and speculation drive investors away from high-risk assets. With DOGE failing to find strong support, bulls have a lot of work to do before any meaningful recovery can take place. Related Reading: New ONDO Addresses Surge 390% In 24 Hours – A Sign Of Growing Interest In Ondo Finance The broader crypto market downturn has only added to the struggles. Bitcoin (BTC) has been in a downtrend since late January, and as fear continues to spread, investors are lowering their expectations and setting even lower targets. If this truly marks the end of BTC’s bull cycle, meme coins like Dogecoin will be among the hardest hit, as speculative assets tend to suffer the most in bearish conditions. However, not all signals are negative. Analyst Ali Martinez shared on-chain data on X, revealing that Dogecoin’s network activity is increasing. Active addresses have surged by 47% in the past month, rising from 110,000 to 163,000. Historically, rising network activity has often preceded a recovery in price, as it indicates renewed interest and engagement in the ecosystem. While DOGE still faces significant resistance, this spike in activity could be an early sign that buyers are returning. If Bitcoin stabilizes, the meme coin sector could see a relief bounce, potentially leading Dogecoin back toward key resistance levels. For now, DOGE remains under pressure, but its growing network activity provides a glimmer of hope for bullish traders watching for a turnaround. Dogecoin Struggles At $0.17 As Bears Maintain Control Dogecoin is currently trading at $0.17 after enduring massive selling pressure and a dramatic shift in market sentiment toward fear. The broader crypto market downturn has hit meme coins the hardest, with DOGE struggling to find stability amid relentless sell-offs. For a potential recovery, DOGE must hold above the crucial $0.15 support level. If bulls manage to defend this zone, they could attempt a push toward the $0.20 mark, a key psychological resistance. Reclaiming $0.20 would signal a possible reversal, providing DOGE with the momentum needed to sustain a recovery rally. However, if selling pressure continues and DOGE loses the $0.15 level, the situation could become even more bearish. A break below this support could trigger a further decline toward $0.10, a level that hasn’t been tested since early 2023. Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level With market sentiment still fragile, traders are closely watching whether DOGE can hold its current range or if more downside is ahead. The next few trading sessions will be crucial, as bulls must step in quickly to prevent another major drop. Featured image from Dall-E, chart from TradingView
A popular meme coin has shown signs of recovery as it entered bullish territory with analysts showing optimism for the future of the crypto in the upcoming months. Analysts predict that Dogecoin’s current momentum will push it to a possible 318% rally, giving their insights on what is driving this move upward. Related Reading: XRP Cycle Top Forecast—Analyst Pinpoints The Timeline Price Rally Around The Corner? An analyst said in a post that Dogecoin could be heading for a 318% increase, which is possible since the breakout experienced by the meme coin aligns with its historical price movements. “With the breakout target at $0.6533, another +318% increase to reach it can be in the works and prices may only be preparing here to do so,” JavonTM1 said. Prices of $DOGE (Dogecoin) are still up nearly +129% since breaking out of the pictured resisting trend and with prices still broken out and in a position to confirm another set of Higher Lows, even more upside can be coming! With the breakout target at $0.6533, another +318%… https://t.co/nhmMIkJgqv pic.twitter.com/Qum16794Li — JAVON⚡️MARKS (@JavonTM1) March 11, 2025 JavonTM1 made the prediction after the meme coin soared by 129% following a breach of a critical resistance trendline. “Prices of $DOGE (Dogecoin) are still up nearly +129% since breaking out of the pictured resisting trend, and with prices still broken out and, in a position to confirm another set of Higher Lows, even more upside can be coming!” The Bullish Impulse Wave Analysts used the Elliott Wave Theory to explain the future of DOGE. According to the charts, Dogecoin’s price might be “in the middle of a bullish impulse wave.” They argued that the coin’s volume spikes showed that there was an increase in market participation, supporting the possibility of sustained upward movement. Meanwhile, a curved trendline on the chart indicates that the meme coin has shifted from a prolonged correction phase into a breakout phase. Last month, JavonTM1 noted that Dogecoin, hitting $0.6533, is just around the corner. “It’s only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely!” Potential Rebound Another analyst believes that DOGE is heading towards a potential price rebound, reinforcing the coin’s bullish outlook. Ali Martinez used the TD Sequential indicator to explain the likely surge, saying that the indicator has flashed a buy signal on the daily chart, a cue used by investors to identify trend reversals. Martinez added that this usually happens after a bearish phase, indicating that the meme coin could be moving toward the recovery phase. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Data showed that DOGE remains in a strong position following the price breakout, indicating possible further gains. At press time, Dogecoin is traded at $0.1720 per coin with a market cap of more than $25 billion. Featured image from Pexels, chart from TradingView
Renowned crypto trader Ali Martinez has released a new update suggesting that Dogecoin could be preparing for a large price upswing. In his latest chart shared on X, Martinez draws attention to the stock RSI on the weekly timeframe. The stock RSI appears poised for a bullish crossover, a signal that has historically preceded major Dogecoin rallies. “Dogecoin is about to go parabolic. Historically, when the stock RSI has a bullish crossover on the weekly chart, Dogecoin tends to undergo a significant price rebound,” Martinez states. He points out that whenever this oscillator crosses bullish on the weekly chart, DOGE typically experiences notable price spikes. Related Reading: Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate “For instance, in October 2023, when the stock RSI had a bullish crossover, Dogecoin surged by 88%.In February 2024, the same thing happened. After the stock RSI had a bullish crossover, Dogecoin surged by 187%. Even in July 2024, Dogecoin rose by 56% after the stock RSI had a bullish crossover. And in September 2024, the price increase was more significant. Dogecoin skyrocketed by 444% after the stock RSI had a bullish crossover on the weekly chart,” the analyst adds. Dogecoin On The Brink Of A Breakout Martinez also indicates that the current weekly candlestick is attempting to form a doji, a candle with a very small real body that often signals a potential trend reversal, especially when followed by a confirming second candle. “DOGE is printing a potential bullish reversal doji on the weekly chart!” Martinez writes via X. While it is still too early to call a doji star pattern because the weekly candle will not officially close until Sunday, and the second candle required for confirmation has yet to form, it’s a promising signal for DOGE bulls. If the ongoing candle preserves its slim real body by the end of the week, and if next week’s candle confirms this formation, Dogecoin could be setting up for a textbook bullish reversal scenario. Related Reading: This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst From a pure price-action perspective, Dogecoin opened this week near $0.16798, reached a high of $0.18082, dipped as low as $0.14297, and has since rebounded toward $0.16766. The tight net change so far explains why the current candlestick appears like a doji, reflecting indecision between buyers and sellers. However, four days remain until the weekly close; intraday volatility could widen or tighten the real body and potentially negate the pattern. Because doji candles often arise during transitional market phases, any upward or downward momentum can quickly distort the candle’s shape. Although Martinez’s analysis underscores a potential parabolic move, it is important to stress that confirmation is critical. The second weekly candle for the Doji Star has not yet formed, and the current doji-like candle could vanish if the market experiences a significant shift before Sunday. Traders watching DOGE over the weekend will need to pay close attention to whether it manages to hold its ground near present price levels, thereby preserving a minimal difference between the open and close of the weekly candlestick. If that occurs and next week’s candle underscores renewed buying pressure, then the Doji Star pattern would be confirmed, potentially foreshadowing a burst to the upside. For now, the market remains in wait-and-see mode. With the stock RSI seemingly ready to cross bullish, the coming days may prove pivotal in determining whether Dogecoin truly is on the cusp of another parabolic upswing. At press time, DOGE traded at $0.16996. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Kevin (@Kev_Capital_TA) suggests that Dogecoin’s current market structure signals “the last opportunity” for investors to acquire the meme coin at relatively low prices. Kevin points to several convergent technical indicators, including a back test of the macro 0.5 Fibonacci retracement near $0.158, a retest of descending multi‐year trend lines, a convergence with both the 200‐week Simple Moving Average (SMA) and Exponential Moving Average (EMA), and an historically low 3‐Day RSI reading. Buy Dogecoin Now? The DOGE/USD weekly chart reveals several Fibonacci retracement lines that may serve as support or potential downside targets. Around $0.158, Dogecoin is testing the 0.5 Fib level, while deeper areas include 0.618 near $0.1157, 0.65 near $0.1092, 0.70 around $0.097, 0.786 near $0.080, and a more distant 1.0 Fib labeled around $0.0942. Historically, these Fib zones have been areas where price action may stabilize if a downtrend continues. Kevin also highlights resistance near $0.28 (the 0.236 Fib) and an upper boundary around $0.47–$0.48 that marks a major swing high from previous rallies. From a trend perspective, the price is hovering in the $0.16–$0.17 region, where it is retesting the broken descending trend line drawn from Dogecoin’s 2021 peaks. Kevin’s analysis suggests that if Dogecoin can hold this line as support, it would reinforce the bullish scenario. Related Reading: Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate In tandem, the 200‐week SMA and EMA—often regarded as markers of long‐term market health—are situated in the approximate $0.13–$0.17 corridor. The overlap between these critical moving averages and the Fib levels underscores what Kevin sees as a strong risk‐to‐reward setup for long‐term positioning. He also points out that the 3‐Day RSI has reached territory he considers “historically low,” hinting at a possible oversold condition. Beyond technical considerations, Kevin expresses a broader macroeconomic viewpoint: “If BTC holds up and Macro Economic Data and Monetary policy adjust then you just got your last opportunity to buy Dogecoin relatively cheap. A lot of factors at play and lots of work to do But the risk reward at this level is superb given the circumstances.” He suggests that despite strong employment numbers and moderating inflation (supported by Truflation data and falling energy costs), the market is “wiping out trillions of dollars of wealth everyday on pure speculation of what imaginary Tariffs are gonna do that they knew were coming.” Related Reading: Dogecoin Crash? Analyst Predicts Drop To $0.12 Before Rebound He adds: “Employment numbers are phenomenal, growth is still strong, inflation is coming down rapidly per Truflation data and energy costs falling are the reason, the Fed is about to start easing again, wars are getting ready to end soon.” He argues that the Federal Reserve may soon pivot to more accommodative policies and that ongoing geopolitical tensions may be waning. In his words, the current sell‐off “makes zero sense” and appears to be a “controlled attack on the markets by the powers that be” to sway public sentiment. “I think it’s pretty obvious that there is a controlled attack on the markets by the powers that be to try and derail this administration and turn the retail crowd against them because this whole sell off makes zero sense. A lot of people are gonna look real stupid when it all settles out and the truth is revealed,” Kevin concludes. At press time, DOGE traded at $0.16. Featured image created with DALL.E, chart from TradingView.com
Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.
The cryptocurrency market is facing a seemingly never-ending decline, with Ethereum (ETH) and Dogecoin (DOGE) leading the losses among large-cap digital assets. This correction comes as the broader market sentiment turns bearish and cautious while Bitcoin (BTC) experiences persistent volatility and moves into bear market territory. Ethereum And Dogecoin Market Cap Takes A Hit Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a significant drop in its market cap in the last 24 hours. While the price of Ethereum has declined to $1,910, its market cap has also gone down approximately 7.8%. Related Reading: Here’s Why Bitcoin, Ethereum, And The Entire Crypto Market Is Crashing Today A combination of factors has contributed to this unfortunate drop in valuation, including investor caution ahead of key economic reports and ongoing bearish sentiments. While Ethereum’s trading volume seems to be the only metric in the green, jumping by 80%, liquidations persist as traders exit their positions ahead of further losses. On a similar note, Dogecoin, the number one meme coin, has experienced steep losses in both its value and market cap. Despite its 30.5% increase in trading volume, Dogecoin’s market cap has fallen by 6.6%. This decline follows a recent surge in meme-based cryptocurrencies earlier this year, which appears to be losing momentum. As of writing, the Dogecoin price is trading at $0.16, reflecting a deep correction of 16.8% in the last seven days and a massive 37% crash over the past month. Notably, the decline in Dogecoin and Ethereum’s market cap is the highest in the last 24 hours, with coins in the top 10 experiencing a less than 2% drop. This massive drop in both cryptocurrencies comes as analysts confirm that Bitcoin has entered bear market territory. Bitcoin And Altcoins Enter Bear Market According to crypto analyst Tony Severino, Bitcoin may have entered bear market territory as the pioneer cryptocurrency faces decreasing momentum. Severino’s analysis applies the Elliott Wave Theory, which claims that the bear market for altcoins started in 2022, coinciding with Bitcoin’s Wave 5. Related Reading: Bitcoin, Ethereum, And Solana: Real Vision’s Raoul Pal Calls The Greatest Macro Trade Of All Time During this period, the market saw a rise in interest rates and Quantitative Tightening (QT), where central banks reduced liquidity in financial markets. Since altcoins thrive when there is excess liquidity, economic tightening has led to weak performance for these digital currencies. Severino argues that Bitcoin’s Wave 5 lacked the usual strength of a true bull market top. Based on the Elliott Wave Theory, the fifth wave has always been weaker than the third in terms of price speed, volume, and breadth. The analyst also referenced a textbook that explains that Wave 5 tends to be sideways and weak, often preceding the bear market as it indicates waning momentum. The overall conclusion of Severino’s analysis is that the altcoin bear market, which began more than three years ago, has never really ended since economic conditions haven’t returned to what they were before 2022. Featured image from Unsplash, chart from Tradingview.com
Dogecoin surged to a three-year high price after President Trump won the election. But those gains are gone as DOGE weathers a tough market.
Dogecoin’s sentiment has reportedly reached its most negative level in over a year. Crypto analyst Ali Martinez (@ali_charts) shared the below chart illustrating the current landscape of Dogecoin’s social sentiment and noted: “Investor sentiment around Dogecoin is at its most negative in over a year. Historically, extreme fear has set the stage for major reversals. This could be a prime opportunity to be a contrarian.” What This Means For Dogecoin Within the chart, the red line—the Weighted Sentiment—now sits at approximately -0.93, marking the steepest negative reading in more than 12 months. Weighted Sentiment considers both the volume of social media mentions (Social Volume) and the overall polarity of discussions (positive vs. negative). Spikes above zero typically indicate widespread bullish sentiment (and can coincide with surging prices), whereas sharp dips suggest that market participants are overwhelmingly bearish. Related Reading: Dogecoin Crash? Analyst Predicts Drop To $0.12 Before Rebound Alongside this negative turn in Weighted Sentiment, the chart’s blue bars—Social Volume—show moderate levels compared to the dramatic spikes seen mid-November through December. In that period, Social Volume soared above 3,000 mentions, correlating with extremely positive Weighted Sentiment (above +3 on the chart) and a substantial price rally. Now, Social Volume hovers around just over 200 mentions, which underscores that while negative sentiment dominates, the overall conversation frequency about DOGE is relatively low. Related Reading: Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9 Another popular analyst, Lumen (@Lumen0x), points out that Dogecoin has dropped 20% in a week—sliding from $0.22 to $0.17. Despite the pullback, whale addresses reportedly scooped up 1.7 billion DOGE (approximately $298 million) in the past 72 hours, suggesting that bigger players might be positioning for an eventual rebound. Lumen also speculates that a potential Dogecoin ETF approval could act as a bullish catalyst. According to him, if Dogecoin’s price reclaims $0.20 ahead of any ETF-related announcement, it could pave the way for a surge toward $0.50, citing the liquidity these investment vehicles could bring and the possibility of renewed social media excitement. According to Lumen, the immediate support sits around $0.17–$0.18, reflecting recent lows on the chart. The psychological pivot point is at $0.20, a level frequently mentioned by analysts as a key threshold for bullish continuation. A mid-term potential upside target is at $0.50, per Lumen’s outlook if significant market catalysts (e.g., an ETF) materialize. Overall, Dogecoin’s plunge in social sentiment underscores the volatility intrinsic to meme-based cryptocurrencies. The Sentiment Weighted metric’s deep dive suggests that the bulk of social media commentary has taken a distinctly pessimistic turn. Yet, some analysts like Martinez and Lumen believe this extreme negative sentiment could mark the start of a rebound, especially in light of notable whale accumulation and potential ETF catalysts on the horizon At press time, DOGE traded at $0.16. Featured image created with DALL.E, chart from TradingView.com
Dogecoin started a fresh decline below the $0.1850 zone against the US Dollar. DOGE tested $0.1450 and is now consolidating below the $0.1650 resistance. DOGE price started a fresh decline below the $0.2000 and $0.1850 levels. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery if it clears the $0.1620 and $0.1680 resistance levels. Dogecoin Price Dives Further Dogecoin price started a fresh decline below the $0.2000 zone, like Bitcoin and Ethereum. DOGE dipped below the $0.1850 and $0.1680 support levels. It even spiked below $0.1620. A low was formed at $0.1440 and the price is now consolidating losses. There was a move above the $0.1500 level. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.1809 swing high to the $0.1440 low. Dogecoin price is now trading below the $0.1850 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1620 level or the 50% Fib retracement level of the downward move from the $0.1809 swing high to the $0.1440 low. The first major resistance for the bulls could be near the $0.1680 level. There is also a connecting bearish trend line forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1720 level. A close above the $0.1720 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.2000 level. The next major stop for the bulls might be $0.2050. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1680 level, it could start another decline. Initial support on the downside is near the $0.150 level. The next major support is near the $0.1450 level. The main support sits at $0.1420. If there is a downside break below the $0.1420 support, the price could decline further. In the stated case, the price might decline toward the $0.1350 level or even $0.1250 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1500 and $0.1450. Major Resistance Levels – $0.1680 and $0.1880.
An analyst has explained how Dogecoin could observe a significant rally next if its price can hold the bottom level of this pattern. Dogecoin Is Currently Testing The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has discussed about a long-term pattern forming in the weekly price of Dogecoin. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. A Parallel Channel is a consolidation pattern in which the price of the asset remains locked between two parallel trendlines. The upper level of the channel is likely to provide resistance, while the lower one can be a point of support. Related Reading: This Bitcoin Signal Aligns With Price Tops, CryptoQuant Analyst Reveals Breaks out of either of these lines can imply a continuation of trend in that direction. That is, an escape above the channel is bullish, while a drop under it is bearish. Parallel Channels can be categorized into three types, based on the alignment of the trendlines with respect to the coordinate axes. Channels that are slopped upwards (that is, those that have trendlines that follow higher lows and higher highs) are known as Ascending Channels. While an asset is inside this type of channel, its price witnesses consolidation to the net upside Similarly, those of the opposite orientation are called Descending Channels and represent consolidation to the net downside. The third case, where the trendlines are parallel to the time-axis, has no special name. Now, here is the chart shared by the analyst, that shows an Ascending Channel that the weekly price of Dogecoin has been trading inside for the past decade: As is visible above, the 1-week Dogecoin price has witnessed a sharp decline recently and is nearing in on the lower level of the channel situated at $0.16. The last time that the memecoin retested the line was during the last few months of 2024 and it successfully found support back then. “All eyes on Dogecoin $DOGE! If it holds this level at $0.16 and bounces, a move to $2 could be next!” notes the analyst. This $2 target is roughly around where the asset would meet the middle line of the channel, a level that has also shown interactions with its price in the past. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges It only remains to be seen, though, whether the memecoin will indeed find support and the Ascending Channel will continue to hold. There is always the chance of a breakdown with patterns like these, which, as mentioned earlier, can lead to bearish price action. DOGE Price At the time of writing, Dogecoin is floating around $0.176, down more than 20% over the last seven days. Featured image from Dall-E, charts from TradingView.com
Bitcoin fell below $77,000 at one stage tonight, while the U.S. stock market experienced its worst day of the year.