On-chain data shows the Dogecoin whales have gone on a buying spree recently, a sign that could be bullish for the memecoin’s price. Dogecoin Whales Have Accumulated During The Past Week In a new post on X, analyst Ali Martinez has talked about the latest trend in the holdings of the Dogecoin whales. The metric shared by the analyst is the “Supply Distribution” from on-chain analytics firm Santiment, which tells us about the total amount of DOGE supply that a particular wallet group is holding right now. Related Reading: Bitcoin Realized Price Flips 200-WMA: What Happens Next? Addresses or investors are put into these cohorts based on the number of tokens that they are carrying in their balance. All wallets with 5 coins, for example, are placed into the 1 to 10 coins range. In the context of the current topic, the whales are the investors of interest. These entities are typically defined as holding between 100 million and 1 billion DOGE. At the current exchange rate, the former converts to $22.4 million and the latter to $224 million. Clearly, the only holders who would qualify for the group would be the big-money traders. As such, the holdings of these investors can be worth keeping an eye on, as if nothing else, shifts in the cohort can provide information about the sentiment among the network’s influential beings. Now, here is a chart that shows the the trend in the Dogecoin Supply Distribution for the whales over the last month and a half: As displayed in the above graph, the 100 million to 1 billion Dogecoin range has seen its Supply Distribution go through a rise recently, indicating that members of the group have been participating in net accumulation. In total, the whales have added 2 billion DOGE (worth $448 million) to their holdings over the past week. This is a notable amount and suggests that the large investors are expecting the cryptocurrency to go up from here. It only remains to be seen, however, whether this accumulation would pay off for them. Alongside the buying, the cohort has also ramped up transaction activity, as Martinez has pointed out in another X post. The indicator shown in the chart is the “Whale Transaction Count,” which measures the total number of transfers occurring on the Dogecoin blockchain that involve a sum greater than $1 million. Related Reading: Bitcoin Options Traders Don’t Expect Volatility: Contrarian Signal Brewing? From the graph, it’s apparent that the metric has just seen a huge spike, a sign that big-money holders are on the move. DOGE Price Dogecoin has suffered a blow of 8% during the past day that has brought its price to $0.22 Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin’s bullish momentum is putting short positions under pressure as the price eyes a crucial $0.27 retest. A successful breakout above this level could spark a powerful multi-stage rally, opening the door to higher targets and renewed market excitement. DOGE/USDT Clears $0.2533 Resistance With Conviction GemXBT, in a recent update on X, highlighted that DOGE/USDT is showing a bullish trend after breaking above the key resistance level at $0.2533 with strong upward momentum. This breakout signals renewed buying pressure, as the price pushes beyond a level that had capped recent advances. The move suggests bulls are gaining control and could be preparing for further upside if momentum holds. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? According to the update, the 5-day moving average (5MA) has crossed above both the 10-day and 20-day moving averages. Such crossovers often reinforce the continuation of an uptrend, especially when supported by other confirming indicators. Volume has also been increasing alongside the price rise. Higher trading activity at elevated price levels shows that demand is growing, adding credibility to the upward move. This combination of technical strength and volume support positions Dogecoin for potentially sustained gains. However, GemXBT also noted that the Relative Strength Index (RSI) is approaching overbought levels, while the MACD is in positive divergence. These conditions suggest there is still room for more upside, but they also warrant caution for possible short-term pullbacks. Cup & Handle Emerges: A Textbook Bullish Signal For Dogecoin Examining the daily chart, RISK highlighted that Dogecoin is forming a classic cup-and-handle pattern, one of the most reliable bullish formations in technical analysis. Following a deep, rounded recovery from the June lows, the price is once again testing the $0.27 resistance zone, a level that has repeatedly capped previous rallies. Related Reading: Dogecoin Just Flashed A Rare Weekly Bullish Signal — This Analyst Is Buying The handle portion of the pattern is taking shape with controlled pullbacks and reduced trading volume. This behavior typically signals that sellers are gradually running out of steam while buyers quietly build positions. Such consolidation often precedes a breakout, as the market transitions from profit-taking to renewed buying pressure. If DOGE manages to break and close above the $0.27 resistance zone, the technical structure suggests that momentum could accelerate sharply. In this case, bullish targets would likely extend toward $0.31, then $0.39, and potentially $0.50 or higher as confidence grows among traders. For now, the broader outlook remains bullish as long as the series of higher lows on the chart stays intact. With the breakout scenario still firmly in play, Dogecoin is positioned for a strong upward move should buyers push it past the $0.27 key resistance barrier. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst CryptoInsightUK has promoted Dogecoin as one of the top altcoins right now, anchoring the call to a clean weekly structure and an emerging broadening, ascending wedge that still governs price. He opens his note with an unambiguous header—“My Top Altcoin Picks: DOGE”—and then lays out the case in plain language: “We’ve been actively trading Doge for about a week and a half now, and I’ve been sharing updates with you every step of the way. Doge looks extremely bullish on the weekly time frame, potentially closing this week with a bullish engulfing candle if we can manage to close above $0.241. That would be fantastic.” Why Dogecoin Is The Top Altcoin Right Now The weekly DOGE/USDT chart shows price pressing into a well-defined supply band labeled “Resistance” around $0.27–$0.30, where July’s “Higher High” ($0.287) sits. Underneath, a rising weekly trendline that has contained price since mid-2023 currently tracks through the upper-$0.16s to low-$0.17s, with a horizontal “Support” shelf near $0.13 aligned to the prior “Swing Low.” The staircase of “swing low → higher → higher low → higher high” marked on the chart remains intact. The analyst ties the structure to a specific pattern roadmap. “We may also be forming a broadening ascending wedge pattern here, and the potential upside target of this pattern could be as high as the all-time highs at $0.75,” he writes. Related Reading: Dogecoin To $1? Only If This Plays Out, Says Analyst Extending the projection, he adds: “If we extend this further out in time, we could even argue that the 1.618 Fibonacci extension around $1.17 might come into play. Of course, we’d need to break through the resistance levels marked on the chart to see something like that,” before situating the trade in market context: “If the market continues as it is—Bitcoin dominance dropping and ETH continuing its upward momentum—I don’t think this is out of the question for Doge.” Momentum reads argue there is room. On the chart, weekly RSI has turned up from the mid-30s, reclaimed its signal, and now sits in the mid-50s to low-60s—well shy of the overbought band that accompanied the prior thrust. The analyst highlights that runway explicitly: “Using the RSI as an indicator, there’s still significant room for growth before we enter the overbought territory, which is typically when things get exciting.” He also frames the setup within a higher-timeframe impulsive structure: “Technically speaking, Doge has experienced two significant impulses on a higher timeframe, both setting higher highs and higher lows. Now, we’re looking for a third impulse.” Positioning matters to him as well. “Looking at Doge as a top 10 crypto asset, we see that all other cryptos in the top 10, except for Cardano and Solana, have reached all-time highs… Doge remains behind, and I believe the major impulse is still yet to come.” Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added On execution, he points to the lower-timeframe tape confirming the bias: “On the lower timeframes, we’re seeing higher highs and higher lows, which suggests that the impulse may have already begun.” That leads to the trade thesis: “With all this in mind, it’s an exciting time for altcoins, and I believe that Doge’s risk-to-reward ratio, especially considering its position as a top 10 asset, makes it an attractive trade even from current levels.” Peer technicians are aligned. In a brief community ping titled “Good boy Doge,” the analyst reiterated the same levels and structure from earlier in the week. Fellow trader CRG explained the patience trade: “Nothing much to update. Price just chilling for now, been consolidating for 6 months making higher lows. DOGE is gonna full send at some point, no doubt in my mind, just gotta be patient.” He summarized the rationale behind positioning with a screenshot captioned, “This is why we are in the $DOGE trade fam.” From here, the immediate trigger is mechanical and visible on the chart: a weekly settlement above $0.241 would print the bullish-engulfing confirmation the analyst is watching at the mouth of resistance. Acceptance through the $0.27–$0.30 band would reopen the path toward the mid-$0.30s and the prior rejection in December last year when DOGE peaked above $0.48, while failure to hold the rising trendline would defer the move to the next demand zones near $0.17 and $0.13. As long as the sequence of higher lows remains unbroken, the wedge continues to frame a credible springboard toward the analysts’ stated targets, with $0.75 as the first historical waypoint and the 1.618 extension at ~$1.17 reserved for a fully developed impulse. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com
Dogecoin (DOGE) is riding a fresh wave of bullish momentum after whales scooped up 1 billion DOGE, worth roughly $200 million, in just 24 hours. The massive accumulation has helped push DOGE over 11.2% higher in the past day, with prices currently hovering around $0.24, according to CoinMarketCap. Related Reading: Bitcoin Futures Power Index Hits Neutral Zone After Months Of Bullish Readings – Details Large-holder ownership now sits near 50% of the total supply, a sign of growing institutional confidence. Analysts note that this kind of concentrated buying can reduce sell-side liquidity, potentially paving the way for bigger moves ahead. Technical charts suggest an 18% upside toward the $0.26 zone, with bulls eyeing a breakout above $0.28 that could open the path to $0.35. Golden Cross Signals Possible Major Rally Adding to the excitement, Dogecoin has formed a golden cross for the first time since November, a bullish pattern that occurs when the 50-day simple moving average (SMA) moves above the 200-day SMA. Historically, such crossovers in DOGE have preceded sharp rallies, including a 130% surge in late 2024. While the golden cross isn’t foolproof, traders are optimistic that the combination of whale accumulation and strong technicals could mark the start of another bull run. Momentum indicators back the bullish case, with DOGE holding above its 30-day SMA and its relative strength index (RSI) sitting at a neutral 57, leaving room for further gains. DOGE's price records positive momentum on the daily chart. Source: DOGEUSD on Tradingview Dogecoin ETF Hopes and Regulatory Tailwinds Beyond market speculation, institutional investors are assigning nearly 75% odds on Polymarket for a potential Dogecoin ETF approval. Bloomberg ETF analysts Eric Balchunas and James Seyffart have even raised their approval odds for spot DOGE ETFs to 90% by the end of 2025, citing a more crypto-friendly regulatory environment. Such an approval could be a major catalyst for DOGE’s price, broadening its exposure to mainstream investors. Combined with whale buying, technical breakouts, and heightened retail interest, this could set the stage for DOGE’s next “moon mission.” Related Reading: How Western Union’s Acquisition Of Intermex Is A Win For Ripple And XRP For now, traders are watching the $0.242–$0.245 resistance closely. A decisive breakout could fuel a run toward $0.30, while holding above $0.227 support would keep the bullish narrative alive. Cover image from ChatGPT, DOGEUSD chart from Tradingview
According to CoinGlass and market reports, Dogecoin’s futures open interest breached the $3 billion barrier as traders piled back into the memecoin on August 12. Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst The token climbed to $0.25 that day, and traders recorded a one-day gain of 4.10% while market capitalization rose nearly 4%. Short bursts of buying pushed derivatives exposure higher, and that helped push DOGE back into headlines. Open Interest Breaks $3 Billion Reports have disclosed that futures traders committed roughly 14.4 billion DOGE into positions over a single day — a figure that lines up with the $3.41 billion open interest reading when priced near $0.25. That number is striking because it means a huge amount of DOGE is sitting in unsettled contracts, not just spot wallets. Some traders see this as a sign of renewed confidence. Source: Coinglass Bullish Bets And Some Caution Rising open interest alongside a rising price often shows new money is coming in, and that is what many market watchers are pointing to now. At the same time, derivatives volume on some platforms has not kept pace with OI, which can make the move fragile if momentum fades or if a large position reverses. Reports from exchange data show futures volume dipped while OI climbed, suggesting more traders are holding positions rather than actively rotating them. That dynamic raises the chance of sharp moves if sentiment flips. Analyst Targets And Market Signals According to crypto analyst Ali Martinez, Dogecoin is forming a bullish flag on the hourly chart with a target set at $0.27, a view he shared publicly on X. Other market voices have pointed out that a clean break and higher trading volume would be needed to make that target more likely. $0.27 next for Dogecoin $DOGE! https://t.co/bKkOj6fz2z pic.twitter.com/Z5MXTOA2fG — Ali (@ali_charts) August 12, 2025 Related Reading: Quantum Computers No Match For Bitcoin’s Math, Google Expert Says What Traders Should Watch Next Based on data, keep an eye on funding rates, options flow, and whether futures volume begins to climb with open interest. Funding rate trends will show whether longs are paying to hold positions, and sudden spikes in liquidations can force quick reversals. Bitcoin’s moves should also be on the radar; memecoins tend to follow the big market swings. If price and OI both keep rising with stronger volume, the bullish case gains some weight. If OI rises while volume falls, the move looks more brittle. Dogecoin’s jump to about $3.41 billion in open interest and the commitment of roughly 14.41 billion DOGE into futures point to renewed trader interest. Featured image from Unsplash, chart from TradingView
The surge aligns with bullish technical setups on daily charts, including a bull flag breakout and an emerging golden cross, with pattern targets pointing toward the $0.30 zone.
Crypto analyst KrissPax has made a case for why the Dogecoin price could still reach the psychological $1 level based on the 4-year cycle. Analysts like Kevin Capital have also declared that DOGE’s best move is still ahead. Why The Dogecoin Price Can Still Reach $1 In an X post, KrissPax alluded to the 4-year cycle to prove why the Dogecoin price can still reach $1. He stated that meme coin has throughout its history shown patterns that reinforce these cycles of crypto trading. The analyst added that from bear markets to bull runs and blow-off tops, DOGE has repeated these movements, which indicate that a parabolic rally is going to happen this fall. Related Reading: Dogecoin Open Interest Remains Above $3 Billion, Can Bulls Take Control? In line with this, KrissPax remarked that the Dogecoin price could reach $1 if it follows the white upward sloping resistance, which he highlighted on his accompanying chart. Furthermore, he stated that if DOGE follows the blue arc from 2017, which supports the theory that the gains will be less each cycle with a larger market cap, then it could reach as high as $2 this cycle. The Dogecoin price is currently enjoying another uptrend after dropping below the psychological $0.2 level during the last market correction. DOGE is up over 17% in the last seven days and is now looking to reclaim its previous local high of around $0.26. Crypto analyst Ali Martinez has predicted that it would happen soon. In an X post, Martinez said that the Dogecoin price is targeting $0.27 as it forms a bullish flag on the hourly chart. Crypto analyst Trader Tardigrade also highlighted a bull flag breakout for DOGE on the 4-hour chart and stated that the meme coin is now targeting $0.295. Like KrissPax, Trader Tardigrade also indicated that the meme coin could reach the $1 price level at some point. He revealed that the Dogecoin price had confirmed a bullish crossover on the daily chart. The analyst further remarked that a decent surge could occur at this point. His accompanying chart showed that $1 was the target. The Best Is Yet To Come For DOGE In an X post, crypto analyst Kevin Capital indicated that the best is yet to come for the Dogecoin price. He stated that all monthly momentum, strength, and sentiment indicators on DOGE show that investors have not yet seen what the foremost meme coin is capable of. He noted that this is similar to many other altcoins. Related Reading: Dogecoin To $1 Is Within Reach—Here’s What Must Happen First, Says Analyst Kevin Capital further remarked that if all stays steady with the macro and the Bitcoin price holds up, then the Dogecoin price’s biggest move is likely still ahead. The Fed is expected to cut rates in September, which is a positive for DOGE, as it could inject more liquidity into the meme coin. At the time of writing, the Dogecoin price is trading at around $0.2362, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
While historically linked to significant price increases, the golden cross is not a reliable standalone indicator.
In his latest market update, the crypto analyst known as VisionPulsed tempers bullish hopes for Dogecoin, arguing that a move to the long-sought $1 mark will require a precise alignment of market forces that has yet to materialize. While acknowledging speculative bursts are possible, he warned that the broader setup remains incomplete, keeping the meme coin’s parabolic breakout on hold. How Can Dogecoin Reach $1? He laid out a data-driven case: unless Ethereum breaks decisively to new highs while the halving-cycle timing extension and global M2 liquidity backdrop stay supportive, Dogecoin’s next parabolic leg remains out of reach. The immediate backdrop, he notes, is a bounce in Bitcoin dominance that again sidelined the prospect of a broad altcoin rally. Ethereum has improved the setup by making a new cycle high and clearing the $4,000 zone, but it now sits wedged beneath the final two technical hurdles from 2021—“the 2021 high in May and the 2021 high, which is the all-time high.” He frames the sequence plainly: “Once ETH breaks this high, ETH has officially gone onto a bull market.” Until that confirmation arrives, he treats talk of an imminent “Doge to the moon” phase as premature. Related Reading: Dogecoin Doomed To Chop? Analyst Sees $0.90–$1.50 Top—But Not Anytime Soon Price action on Dogecoin itself has not helped the cause. Vision Pulsed highlights a conspicuous topping-tail candle that formed after traders “piled in,” calling it “definitely not the candle you want to see.” He points to a prior instance where a similar wick preceded a local reversal, using it to caution against extrapolating short squeezes into sustainable trend. In his read, Dogecoin remains in a broad, choppy accumulation—an area he sketches as a bottoming process that can include fakeouts on both sides—rather than a confirmed uptrend. Even in a constructive scenario, he warns that failure of the broader conditions could force “one more” downside sweep before any genuine altseason takes hold. Timing is a second pillar of his analysis. He flags the 486-day mark from the most recent Bitcoin halving as a recurring inflection in prior cycles. “We are fastly approaching what would be considered the final bull-run push in 2021… 486 days from the halving,” he says, recalling that both of the last two cycles saw a sizable correction and then a final rally around that window. With April 19, 2024 as the halving date, August 18, 2025 is the analogous threshold this time—a date he treats as context, not destiny. “There are no guarantees,” he stresses, reflecting on the limits of historical rhyme. Related Reading: Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst Liquidity—through the lens of the popular M2 money supply overlay—remains supportive, but not determinative in his view. He acknowledges that “everyone and their mother” watches M2 and that it currently “says there is a chance for a rally in this time period.” Yet he underscores that the relationship is not perpetual: in past cycles, M2 continued higher even as crypto rolled into a bear market. The takeaway is pragmatic and non-dogmatic: “We’ll use it until it doesn’t work,” but it cannot be a guarantee of an extended bull run on its own. From this macro-and-liquidity scaffold, he distills a clear gating function for Dogecoin’s headline target. For a sustained advance toward one dollar, three conditions should align: Ethereum must break above its 2021 highs to confirm a fresh bull market; the halving-cycle “extension” window—centered on the ~486-day post-halving rhythm—needs to open the historical runway for a terminal rally; and global M2 expansion needs to stay supportive enough to keep risk appetite. Inside Dogecoin’s own tape, he allows for meaningful volatility without structural change. “Could we have bullish swings back and forth to 30 cents? Sure,” he says, framing such moves as tradable ranges within a larger consolidation rather than the start of the terminal advance. What would convert that range into trend is not a single candlestick or an isolated breakout, but the multi-asset alignment he repeats throughout the update. At press time, DOGE traded at $0.22. Featured image created with DALL.E, chart from TradingView.com
Dogecoin is showing strong signs of a market revival, with recent price movements and technical indicators hinting at an incoming rally. According to technical analysis, Dogecoin’s recent price action has opened up a pathway to $1 that’s becoming increasingly visible if some conditions are met. Particularly, technical analysis by crypto analyst MMBTtrader on the TradingView platform outlines a bullish setup that formed after a decisive Dogecoin price breakout from a long-term downtrend channel on the 3-day candlestick chart. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Downtrend Channel Breakout And Retest Complete As shown in the 3-day candlestick price chart below, which was initially shared by MMBTtrader, Dogecoin broke above a descending parallel channel on July 15. This breakout is significant because it represents a shift in market structure from sustained selling pressure to an expansion phase from a channel that had contained its price action since late 2024. However, after breaking out of this channel in mid-July, Dogecoin kicked off a correction path on July 21 that saw it reach down towards the upper trendline of the descending channel again. As noted by the analyst, this move allowed Dogecoin to successfully retest the breakout zone, which is a move he sees as confirmation that bulls have regained control. Notably, the 0.61 Fibonacci retracement level appears as a key pivot point where Dogecoin’s price action eventually found strong support. This support was around the $0.188 price low on August 2, where it bounced upwards and has closed three bullish 3-day candles since then. MMBTtrader interpreted these candles as a healthy signal, suggesting that over-leveraged long positions have already been flushed out, and Dogecoin’s price action is now in a more stable state for a strong upside move. Dogecoin Will Reach $1 When This Happens Now that Dogecoin seems to have bounced from its retest of the descending trendline, the analyst highlighted some targets on the way to $1. The first price target is $0.32, which aligns with the 0.236 Fibonacci resistance and acted as a strong support level in December 2024. As such, breaching this level would represent a decisive break above a support-turned-resistance situation. One of the most important observations in the analysis is the $0.40 resistance level, which is marked on the chart with a prominent red horizontal zone. According to MMBTtrader, a clean break above $0.40 would shift Dogecoin into what he calls an “extremely bullish” phase. A breakout above $0.40 would unlock upside potential and push Dogecoin to new price territories above its current all-time high of $0.73. Particularly, the projection is that of a move to $0.75 and the most-coveted $1 price level. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% At the time of writing, Dogecoin is trading at $0.2355, up by 6.2% and 17.7% in the past 24 hours and seven days, respectively. The most important thing for bullish momentum right now is to hold above the 0.5 Fib level at $0.216. Featured image from Unsplash, chart from TradingView
The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
A fresh chart shared on X by the pseudonymous technician Charting Guy is stoking renewed bullish chatter around Dogecoin, suggesting that the meme-coin best known for its social-media cult could be setting up for a run toward the upper boundary of a multiyear rising wedge near $1.60. Will Dogecoin Skyrocket Above $1? The analyst’s daily chart (BINANCE: DOGEUSDT) frames nearly two years of price action inside a broad, magenta-coloured ascending wedge whose support has risen from roughly $0.06 in late-2023 to $0.17 today, and whose resistance projects to $1.10–1.60 over the coming months. At press time DOGE is changing hands at $0.2219, up 8.7 percent on the day, having just pierced the wedge’s internal trend line that capped every rally until mid-July 2025. A cluster of Fibonacci retracement and extension levels anchored to the chart’s swing low at $0.0491 and swing high at $0.7605 defines the roadmap that traders are watching. The token has already reclaimed the 0.382 retracement at $0.1399 and the psychological $0.20 handle, and is now hovering above the 0.50 zone at $0.1933 – ahead of the more technically significant golden ratio at 0.618 ($0.2671). Above that, fib-derived hurdles stack at 0.702 ($0.3362), 0.786 ($0.4232), and 0.888 ($0.5596), with the full retrace level at $0.7605 and the 1.272 extension demarcated at $1.6017 – precisely where the wedge’s ceiling converges in the analyst’s projection. Related Reading: Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst What lends the setup its narrative force is a cyan overlay on the same chart – a fractal copy of DOGE’s eruptive late 2024 leg – that has been transplanted onto the current structure. In that earlier episode the coin rocketed 439 percent once price tagged rising-wedge support, sliced through the internal down-sloping resistance, retested it as support and accelerated straight to the upper boundary. The overlay implies that a similar sequence has begun to unfold: DOGE revisited wedge support in late June, broke the internal trend line in mid-July, and retested it successfully this week– if the fractal continues to rhyme – could embark on a vertiginous sprint that terminates where the 1.272 extension meets the wedge roof just north of $1.60. The monthly view reinforces the bullish undertone. Charting Guy points out that the Relative Strength Index (RSI) is on the verge of a bullish cross of its own moving average in the 50–55 band. The last time that crossover occurred, in early 2024, price embarked on the aforementioned 439 percent advance. While momentum has cooled since that high, the oscillator never broke down into oversold territory, suggesting, in classical technical parlance, that DOGE has been basing rather than topping. Sceptics will note that the same wedge has twice rejected advances below $0.50, and that the memecoin still lives below every major high-time-frame supply shelf until $0.76. Yet the chart’s geometry leaves room for a rapid repricing should buyers clear the $0.27–0.34 resistance cluster: the “empty air” between the 0.702 and 0.888 fibs coincides with the steepest part of the wedge. Related Reading: Dogecoin Doomed To Chop? Analyst Sees $0.90–$1.50 Top—But Not Anytime Soon For now, traders have a textbook trigger to watch – the internal magenta down-trend that DOGE has just tested from above. A decisive weekly close above that line, coupled with rising volume, would formally confirm the breakout scenario. Failure to hold $0.20 would invalidate the fractal and shift focus back to wedge support, currently near $0.17. Whether history will repeat with the precision that the fractal projects remains to be seen, but the structural logic on the chart is clear: so long as Dogecoin respects its four-year rising base, the path of least resistance continues to tilt higher – and the upper edge of that structure terminates at $1.60. The coming weeks should reveal whether the meme-asset can turn that technical aspiration into market reality. At press time, DOGE traded at $0.22. Featured image created with DALL.E, chart from TradingView.com
An analyst has pointed out how Dogecoin has entered into a zone that kicked off major bull runs for the memecoin in the past. Dogecoin Is Trading Near Lower Level Of Historical Ascending Channel In a new post on X, analyst Ali Martinez has talked about how the weekly Dogecoin price has entered into a historically important buy zone. Below is the chart shared by Martinez, showing this trend. As is visible in the graph, the Dogecoin weekly price has roughly followed an Ascending Channel over the past decade. The “Ascending Channel” here refers to a technical analysis (TA) pattern that forms when an asset trades between two parallel trendlines angled upward. Related Reading: Bitcoin Short-Term Holders Are Capitulating—Will June Pattern Repeat? The upper line of the pattern tracks successive higher highs in the price, while the lower one connects higher lows. The former is considered to be a source of resistance and the latter that of support. Though, while this may be so, Dogecoin has dipped under the lower line of its long-term Ascending Channel a few times over the years, with the latest instance coming this year. That said, in each of these occurrences, the asset found support at a trendline a bit below the Ascending Channel’s lower level. The analyst has described the shaded area between the two lines as a “historically strong buy zone.” From the chart, it’s apparent that multiple major bull runs in DOGE found their start after the price retested this zone. At present, the token is trading inside the area, with recent attempts to re-enter the Ascending Channel ending up in failure. It now remains to be seen whether a breakout into the channel would follow for Dogecoin and potentially kick off another rally, or if this cycle would break the pattern. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added The Ascending Channel is just one type of pattern with parallel trendlines that exists in TA. When the asset’s consolidation occurs toward the downside instead, the formation is known as a Descending Channel. As pointed out by Martinez in another X post, another memecoin, Pudgy Penguins (PENGU), has broken out of such a channel recently. As displayed in the above chart, the 1-hour price of Pudgy Penguins was sliding down inside the Descending Channel during the last two weeks, but it has just found a surge above its resistance line. “PENGU targets $0.041 after breaking out of a descending channel!” says the analyst. DOGE Price At the time of writing, Dogecoin is trading around $0.21, up almost 4% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
Dogecoin started a fresh increase from the $0.1950 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.2250. DOGE price started a fresh increase above the $0.2120 level. The price is trading above the $0.2150 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it clears the $0.2250 and $0.2350 resistance levels. Dogecoin Price Regains Traction Dogecoin price started a fresh increase above the $0.2020 resistance zone, like Bitcoin and Ethereum. DOGE was able to clear the $0.2120 and $0.2150 resistance levels. There was a clear move above the $0.220 level. Finally, the price tested $0.2250. A high is formed at $0.224 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high. Dogecoin price is now trading above the $0.220 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD. Immediate resistance on the upside is near the $0.2250 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2650 level. The next major stop for the bulls might be $0.2780. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2250 level, it could start a fresh decline. Initial support on the downside is near the $0.2175 level. The next major support is near the $0.2150 level. The main support sits at $0.210 or the 50% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.2050 level or even $0.2020 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2175 and $0.2150. Major Resistance Levels – $0.2250 and $0.2320.
Dogecoin has now entered the longest period below its all-time high in its history—over 1,550 days and counting—with crypto analyst VisionPulsed warning that while a breakout may eventually come, the asset remains locked in what he calls a “bearish forever” pattern. In his August 6 video update, VisionPulsed provided a sobering macro-to-micro analysis of Dogecoin’s price action, underscoring the asset’s historic underperformance compared to other large-cap cryptocurrencies. “We’re now setting a Guinness World Record for most days below the all-time high for Dogecoin,” he remarked. “First cycle was 1,200 days, second cycle was 1,126. Right now, we are at a staggering 1,550-plus days.” That milestone, he argued, is not just symbolic—it reflects deep structural weakness in DOGE’s market cycle. And despite growing chatter in the macro space about a potential liquidity-driven reversal, he’s not yet convinced that Dogecoin is ready to respond. A central theme of the analysis is the Global M2 money supply, which VisionPulsed has tracked for months as a leading macro indicator for crypto risk appetite. While he acknowledges that the M2 bottomed in June, he emphasizes that this alone hasn’t historically triggered immediate upside for Dogecoin. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added “The Global M2 has put in a bottom… but Dogecoin did not move higher until the M2 shot up. And we don’t have that yet,” he explained. “Could we still be bearish? Technically yes… because it’s always bearish forever and ever.” Ethereum, by contrast, is described by the analyst as “much more sensitive to the M2,” and has begun showing signs of recovery. This divergence, in his view, reinforces the idea that DOGE may continue to consolidate or retrace further before making a meaningful move. Dogecoin Chop Before Pop? VisionPulsed suggests that Dogecoin is likely forming a choppy consolidation structure, similar to prior phases that eventually resolved to the upside. He doesn’t dismiss the possibility of a rally in the near future—particularly if price holds current levels through mid-August—but cautions that the bullish case remains highly conditional. “If Dogecoin can do this exact move [sideways accumulation], then it should turn bullish,” he said, referencing a historical fractal that played out prior to earlier rallies. He draws a parallel between sentiment metrics (such as YouTube view counts) and market behavior, noting that in previous local bottoms, low engagement marked exhaustion in retail capitulation. This time, however, he concedes that the floor may already be forming higher—potentially due to increased market maturity or broader interest in crypto assets. Long-Term Targets: $0.90 To $1.50 While the current tone remains cautious, VisionPulsed outlines a clear set of long-term price targets if and when a macro reversal does take hold. He splits these into two categories: conservative and speculative. “A more conservative estimate… is this lower end here, 90 cents to 1.14,” he said, noting that $0.91+ could begin to mark a top under the right conditions. Related Reading: Dogecoin Just Hit A Prime Risk-Reward Entry, Says Analyst For the more optimistic crowd, the so-called “moonboys,” he still sees room—albeit less likely—for a run toward $1.50 or even $2. “Even I used to say $2,” he added. “I think the highest I could go for a moonboy expectation is right here in this vicinity between $2 to $1.50.” Importantly, he stops short of making any time-bound prediction, reiterating that macro trends, M2 velocity, and broader altcoin sentiment must first align for any of these targets to come into play. As the crypto market heads into the later months of the year, VisionPulsed points out that historical cycles have often accelerated around this phase, with several final rallies initiating in the August–September window. “The further and closer we get to the end of the year, it has to start moving faster… At least in recent history, when we’ve gotten to where we are, you’ve gone up for your final rally,” he noted. At press time, DOGE traded at $0.206. Featured image created with DALL.E, chart from TradingView.com
On-chain data shows Dogecoin whales have expanded their holdings recently, a sign that big-money investors are buying the dip. Dogecoin Whales Have Increased Holdings By 1 Billion DOGE In a new post on X, analyst Ali Martinez has talked about the latest trend in the Supply Distribution of the Dogecoin whales. The “Supply Distribution” here refers to an indicator from on-chain analytics firm Santiment that tells us about the total amount of the asset that a given wallet group is holding right now. Related Reading: Binance Inflows A Leading Indicator For Altcoins? Analyst Explains How Addresses or investors are divided into these cohorts based on the number of tokens that they are carrying in their balance. The 1 to 10 coins group, for example, includes all holders owning between 1 and 10 DOGE. In the context of the current topic, the whales are the cohort of interest. These investors are typically defined as holding more than 1 billion DOGE, with there being no upper end to the range. At the current exchange rate, the cutoff for the group converts to almost $200 million. Given the massive size of holdings involved, whales can carry some degree of influence in the market. This can make their on-chain behavior worth keeping an eye on. Now, here is the chart shared by the analyst that shows the trend in the Supply Distribution of Dogecoin whales over the past couple of months: As displayed in the above graph, Dogecoin investors carrying more than 1 billion DOGE saw their Supply Distribution plunge near the end of July, indicating that big-money entities exited from the market. What followed the selling was an extension of bearish price action for the asset. The mood among the whales appears to have turned around in the past day, however, as the indicator’s value has seen a sharp surge instead. “Whales bought over one billion Dogecoin $DOGE in the last 24 hours!” notes Martinez. Given the timing of the buys, it’s possible that these humongous investors believe the current lows to be offering a profitable entry point into the memecoin. It only remains to be seen, though, whether this bet would pay off for the whales. Related Reading: Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm In some other news, memecoin Pepe (PEPE) has also seen a bullish development recently, as the analyst has pointed out in another X post. From the chart, it’s visible that Pepe’s 1-day price has finished a Tom Demark (TD) Sequential setup with nine red candles. Such a pattern is considered to be a buy signal. DOGE Price Following a drop of almost 8% over the past week, Dogecoin has seen its price withdraw under the $0.20 mark. Featured image from Dall-E, Santiment.net, charts from TradingView.com
After crashing in recent weeks, the Dogecoin price may be nearing the end of its bearish cycle as historical chart patterns suggest a renewed bullish setup on multiple timeframes. Despite the downturn, a crypto analyst has indicated that the meme coin, which is hovering around $0.2, could be poised to skyrocket toward a new all-time high of $5. Dogecoin Price Roadmap To $5 In an X social media post on August 4, renowned market expert ‘CryptoELITES’ painted an ultra-bullish picture for the Dogecoin price. The analyst believes that DOGE could be on track for its next major bullish target, forecasting a powerful rally toward $5. This optimistic outlook comes despite the meme coin crashing over 10% this week and extending its downward trend. Related Reading: Historical Data Predicts Dogecoin Price Crash In August — But There’s A Silver Lining Based on CryptoELITES’ analysis, Dogecoin could soon end this downward spiral and launch into a fresh upward trend. The analyst’s accompanying chart visualizes a compelling long-term bullish pattern for the meme coin. Over the past few years, Dogecoin has followed a consistent structure of descending triangle formations, each of which resolved in explosive upside breakouts. Each descending triangle seen on the chart occurred during past bull market cycles. The pattern starts with a sharp rally, followed by a prolonged period of consolidation marked by a series of lower highs and relatively equal lows. Once price compression reaches a tipping point, Dogecoin historically breaks out violently to the upside. This trend has repeated multiple times over the years, with every breakout pushing the meme coin’s price to an even higher level than the last. According to the latest chart formation, Dogecoin has once again formed a descending triangle, but this time after a consolidation post-2021 bull run highs. The price is now hovering just above the breakout zone, which is historically where previous rallies ignited. CryptoELITES’ has marked this region with a circle, suggesting possible accumulation. If past patterns repeat, Dogecoin could enter a vertical growth phase, potentially targeting the marked area on the chart around $5.14. Dogecoin Short-Term Reversal In Play For Dogecoin’s short-term outlook, crypto market analyst James Bull shared an analysis on X, outlining the meme coin’s immediate bullish target in the wake of its recent crash. Bull notes that Dogecoin is currently hovering around a critical support level at $0.19538. After experiencing a sharp drop from former highs, DOGE has now retraced to this historically strong support zone, which previously acted as a key pivot point. Related Reading: Dogecoin Could See Bullish Continuation If It Reclaims This Level The expert’s analysis suggests a bullish trade setup with a potential long position targeting $0.27144. A clear stop-loss has been placed just below the support zone, creating a potentially favorable risk-reward ratio for traders. If buyers can defend this support level and push the meme coin’s price upward, it could confirm the analyst’s short-term reversal theory and possibly signal the beginning of a larger uptrend. Featured image from iStock, chart from Tradingview.com
Dogecoin started a fresh decline from the $0.2120 zone against the US Dollar. DOGE is now consolidating and might decline below the $0.1940 support. DOGE price started a fresh decline below the $0.2050 level. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it clears the $0.20 and $0.2050 resistance levels. Dogecoin Price Dips Again Dogecoin price started a fresh decline from the $0.2120 resistance zone, underperforming Bitcoin and Ethereum. DOGE declined below the $0.2050 and $0.20 support levels. There was a steady decline below the 50% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The bears even pushed the price below the $0.1980 level. There is also a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1980 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2050 level. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2350 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2050 level, it could start a fresh decline. Initial support on the downside is near the $0.1940 level or the 76.4% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The next major support is near the $0.1880 level. The main support sits at $0.1750. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.1680 level or even $0.1620 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1940 and $0.1880. Major Resistance Levels – $0.2000 and $0.2050.
Despite recent bearish pressure in the crypto market, Dogecoin (DOGE) is showing signs of resilience, holding above the crucial $0.18 support level. After slipping below the $0.20 threshold, DOGE continues to attract bullish speculation, particularly as it approaches a critical RSI level on the 4-hour chart. Related Reading: Against The Grain: Analyst Targets $300K Bitcoin Price—When Will It Happen? Crypto analyst KrissPax highlights that Dogecoin’s RSI is nearing the same level that triggered a 70% rally in June 2025. Back then, DOGE surged from $0.14 to over $0.24 within a month. With the current RSI trajectory aligning closely with past patterns, traders are watching for a similar uptrend, this time potentially pushing DOGE to $0.34, especially with its higher low structure forming. Institutional Accumulation Fuels Dogecoin Optimism Adding fuel to the fire, large Dogecoin whales have accumulated over 1 billion DOGE in just 48 hours, signaling growing confidence among institutional investors. Historically, such accumulation often precedes major price moves. Analysts now speculate that September could see DOGE breaking past key resistance levels at $0.50, with some even eyeing a long-term target of $1 if bullish momentum sustains. Technically, DOGE is also forming a bullish megaphone pattern, which could pave the way for extended upside if confirmed. The coin is also trading within the historical accumulation zone of $0.15–$0.22, a range that previously triggered exponential rallies. DOGE's price moving sideways on the daily chart. Source: DOGEUSD on Tradingview Can Dogecoin (DOGE) Beat Market Expectations in Q3? Though the broader meme coin sector has underperformed this cycle, Dogecoin’s technical setup tells a different story. According to past posts from X analyst Trader Tardigrade, DOGE has already completed two significant bottoms in a classic reversal pattern, with a third forming. If history repeats, this structure could precede another breakout. Additionally, CoinCodex predicts a 16% rise in DOGE price by early September, targeting $0.24. With a neutral sentiment and Fear & Greed Index at 64 (greed), market conditions appear ripe for a rebound. Related Reading: XRP Price To $10,000 Programmed? Insane Prediction Forecasts Supply Shock If DOGE can maintain support above $0.18 and follow through with historical RSI-driven rallies, the meme coin could surprise investors with a strong Q3 performance. Cover image from ChatGPT, DOGEUSD chart from Tradingview
Cardano (ADA) has achieved a significant milestone with the successful completion of its first-ever on-chain governance vote. For the first time, core development funding has been directly approved by the Cardano community, marking a significant step forward in the blockchain’s transition to fully decentralized governance. Reacting to the milestone, Cardano’s founder, Charles Hoskinson, shared his thoughts on the network’s progress. Cardano Enters New Era Of Decentralized Governance The Cardano ecosystem has reached a pivotal moment in its growth and evolution, marking a historic milestone with the recent execution of its first governance vote. The landmark event signals the beginning of a new phase for the blockchain, where decisions around core development funding are now being made directly by the community rather than centralized entities. Related Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally Hoskinson publicly acknowledged the significance of the event in an X social media post on August 3. He praised the community for their support and trust, reinforcing the belief that decentralized governance is not just a vision but now an operational reality within the Cardano ecosystem. Hoskinson’s remarks came in response to an earlier post by Input Output Global (IOG), a blockchain research and development company behind Cardano’s development. IOG had commemorated the blockchain’s recent governance achievement by stating that the Cardano community had officially made history. The governance vote had approved direct funding for core development initiatives, representing a foundational shift in how the Cardano ecosystem grows and evolves. Rather than relying on a small group of decision-makers, the blockchain now empowers its global community to determine resource allocation collectively. Input Output Global praised both Cardano and its community’s efforts, calling the recent milestone the beginning of a new era of decentralized governance. Notably, the broader crypto community is already responding with enthusiasm, with many offering congratulations and support as Cardano celebrates this landmark event. The network’s successful governance vote sets a powerful precedent in the crypto industry, showcasing the potential of a blockchain governed directly by its users. Cardano Becomes Only Top 10 With On-Chain Governance In addition to its historic governance vote, Cardano has emerged as the only top 10 cryptocurrency by market capitalization to implement on-chain governance, setting a new benchmark for how blockchain ecosystems are managed and governed. Related Reading: A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH According to a report by Cardanians (CRDN) on X, the blockchain’s governance framework is actively functioning, with 39 treasury withdrawal proposals currently open for voting. These proposals allow Delegated Representatives (DReps) and the broader community to directly participate in shaping the ecosystem by deciding which initiatives receive funding and move forward. As of now, none of the other top 10 blockchains, including Bitcoin, Ethereum, XRP, USDT, Binance Coin, Solana, USDC, Tron, and Dogecoin, have matched Cardano’s level of on-chain decision-making power. While these cryptocurrencies continue to lead in various areas, Cardano stands out as the 10th-largest cryptocurrency by market cap with a uniquely advanced governance system. Featured image from Adobe Stock, chart from Tradingview.com
After an impressive run-up back in July, the Dogecoin price as suffered a slowdown, just like the rest of the market. With this, the bears seem to have reclaimed control once again, pushing Dogecoin deeper into loss territory after taking out an important position at $0.2. Nevertheless, the current decline seems to pale in comparison to the bullishness that continues to dominate among investors, with the expectations that this correction will be only temporary. Dogecoin Price Still Showing Signs Of Bullishness According to an analysis shared by crypto analyst KrissPax, the Dogecoin price may be down right now, but it is not out of the game. This is because the meme coin is currently the subject of a bullish formation as it travels down to retest a level that has previously led to a massive price surge in the past. Related Reading: Satoshimeter Shows Where Bitcoin Price Is In This Cycle The crypto analyst pointed out that the Dogecoin price is expected to fall below 30 on the 4-Hour RSI chart again, and historically, such a decline has led to a recovery. The last time that the RSI fell below 30 on the 4-Hour chart was back in June 2025, and what followed was an over 70% recovery in the next month. Using this historical performance, the Dogecoin RSI falling below 30 once again could end up registering a similar performance. The only difference this time around is that the prices are at different levels, which points to a major difference in where the highs of the uptrend will be. Last time the RSI was this low, the price was trading at the $0.14 level. This time around, the analyst explains that Dogecoin sitting at $0.2 means that there is a higher low. The good thing about the formation of higher lows is the fact that they often lead to higher highs. In the event of another 70% increase in price from here, Dogecoin could end up rallying as high as $0.34 before it loses steam. However, this would still put it at more than 50% below its all-time high of $0.74, which was hit back in 2021 and has remained the peak for the meme coin. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why As for the performance of the altcoin so far this month, after closing the month of July with a 27.1% gain, Dogecoin has already begun to give some of the gains back to the market. Data from CryptoRank shows that the cryptocurrency is already down by 5.31% this month and climbing. This is not out of the ordinary, as the month of August has historically been one of the most bearish months for the Dogecoin price. In fact, if the trend holds, then DOGE investors could be looking at an average of -10% decline this month and a close in the red. Featured image from Dall.E, chart from TradingView.com
A colloquial narrative that “altseason” is imminent has weakened, with traders rotating capital back into majors or moving to the sidelines entirely.
The Dogecoin weekly chart is back at a cluster of technical levels that one market watcher says offers a favorable entry. The pseudonymous trader Cantonese Cat (@cantonmeow) posted a TradingView snapshot and wrote, “I bought a little bit more DOGE and Fartcoin last night, but you pretty much knew that. I think it’s great risk-reward here and that I’ll do what I can to buy anyway.” In a follow-up note attached to the same chart, the analyst summarized the setup as a “DOGE Bull market support band back-test. Diagonal bear market trendline breakout and back-test.” Best Dogecoin Buy Signal? The chart, created August 3,, tracks DOGE/USD (Coinbase) on the weekly timeframe and shows price pulling into the Bull Market Support Band—an envelope indicator plotted as two lines—now marked around $0.19025–$0.20703. At the time of the screenshot, the weekly candle displayed O: $0.24076, H: $0.24860, L: $0.18855, C: $0.19945, reflecting a drop of roughly 17.15% on the week with hours left in the session. The drawdown follows a sharp two-week advance that pushed Dogecoin into the upper $0.20s before sellers faded the move. Technically, the image highlights two elements beyond the support band. First is a descending trendline drawn across lower weekly highs, which price moved above on July 16 and is now testing from the topside. Second is the confluence between that trendline and the bull market support band, a zone that trend followers often watch to judge whether a breakout is holding or failing. Related Reading: Historical Data Predicts Dogecoin Price Crash In August — But There’s A Silver Lining The analyst’s post frames the current retreat as a “back-test” of both features rather than a breakdown, implying that demand near the band could keep bulls in control if the level continues to act as support. While the post is explicitly bullish, the evidence presented is descriptive rather than predictive. However, the weekly candle has closed above the crucial area. So, the configuration is clear: after piercing a long-running diagonal barrier, DOGE is revisiting the $0.19–$0.21 area, where the support band is aligned with the former downtrend line. Related Reading: If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns Traders who subscribe to momentum-and-trend methodologies often evaluate such retests for confirmation—looking for stabilization, shrinking downside momentum, or a swift recovery back above the midline of the band. Cantonese Cat’s message distills that view into a simple risk stance. By stating “I think it’s great risk-reward here,” the commentator is signaling that, in his opinion, the nearby technical levels define risk tightly relative to potential upside should the breakout sustain. As always, that is one analyst’s interpretation of the chart at a specific moment in time; Dogecoin remains volatile, and this week will be pivotal for bulls attempting to confirm the momentum, but the risk-reward ratio seems quite good. At press time, DOGE traded at $0.199. Featured image created with DALL.E, chart from TradingView.com
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Hands up if you’ve heard of Luckycoin. If it sounds familiar, you’re either an industry OG since the days of the Silk Road and […]
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The month of August has historically been very bearish for the Dogecoin price, and with the new month rolling in already, expectations are that the meme coin will follow this established trend. If this holds, then the downtrend that has already plagued Dogecoin at the end of July could only be the beginning, and the meme coin could end up falling into double-digit losses from here. August Could Turn Red For Dogecoin When looking at past performances of the Dogecoin price over the last 11 years, it is no surprise that investors tend to move cautiously during the month of August. So far, a total of 7 out of 11 years have closed in the red, leaving only four years of green closes so far. This performance pushed the median returns to -9.98% with an average of -0.79%, as shown by data on CryptoRank. Related Reading: Coinbase Bitcoin Premium Just Turned Red For The First Time Since May — What This Means While this average is low, looking at the years when August has closed in the red shows a high loss rate. For example, the last three years have seen the Dogecoin price close out at an average of -10%. August 2020 was just coming off the back of the bull market, and eventually fell 9.98%, signaling the end of the bull run. The next year, August 2023, saw even worse headwinds, and the Dogecoin price crashed 17.9% before the month was over. Then in August 2024, another 16.9% crash rocked the meme coin, leading to three consecutive years of red closes so far. Post-Halving Trend Could Save DOGE Price Amid the bearishness of August, there has been one deviation that has held over the years, and that is the altcoin’s performance following a halving year. The month of August following each Bitcoin halving year so far has been incredibly bullish, returning more than 20% gains in the month. Related Reading: XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter This was the case for 2017 after the 2016 halving year, when the Dogecoin price rallied 20% in the month of August. Then again, in 2021, following the 2020 Bitcoin halving year, the Dogecoin price would go on to rally 34.2%, suggesting that this year could go in the same direction, since 2024 was a Bitcoin halving year. However, in both 2017 and 2021, the month of July had closed deep in the red before the August rally. But in 2025, the month of July has already seen an over 35% rally in the Dogecoin price, marking a significant deviation from the trend. Given this, it is possible that Dogecoin does not follow the post-halving trend. However, sentiment in the crypto market is still very bullish at this level and could drive prices higher. If Ethereum does continue to rally and trigger an altcoin season, then Dogecoin will undoubtedly lead the start of the meme coin rally as the leader in the space. Featured image from Dall.E, chart from TradingView.com
A widely followed chartist says Dogecoin’s latest rally has run into textbook resistance and the memecoin now sits on a make-or-break support band that will determine whether momentum resumes or unwinds. Crypto analyst Kevin (@Kev_Capital_TA) published a daily chart on X on July 31, 2025, showing DOGE pulling back to roughly the $0.22 area after a rejection beneath $0.28. Dogecoin Must Hold This Key Zone “Dogecoin holders as you can see DOGE came up to the macro golden pocket at the major resistance of .26-.28 cents and saw a rejection similar to the rest of the altcoins market after a really nice move,” he wrote, adding that price is “retesting the big support zone you want to hold… .213-.189 is all of your major daily MA’s, weekly bull market support band and the 0.5 FIB. Hold that zone and all is well Doge will end up bouncing higher. Fail it then your going back down into the shadow realm at the .14-.12 cents level.” Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? The accompanying chart—set to the one-day timeframe—depicts DOGE’s advance into the $0.26–$0.28 “macro golden pocket,” a term traders typically use for the 61.8%–65% Fibonacci retracement cluster that often caps counter-trend moves. Kevin’s map highlights how the rejection there coincides with a dense shelf of historical supply and a clearly defined horizontal resistance band dating back to prior distribution. The subsequent slide has brought DOGE back into a breadth of confluent supports: a cluster of key daily moving averages, the analyst’s “weekly bull market support band,” and the 50% retracement of the prior swing, all stacked between $0.213 and $0.189. Confluence of this kind—multiple widely watched signals occupying the same price zone—often becomes a battleground; a decisive defense can restore trend structure, while a breach can accelerate liquidations. Community responses pressed the analyst on consistency and risk framing. One user, @SmRatul1994, challenged the shift in tone: “You just said Doge was very well positioned a couple weeks ago. Now you’re saying the opposite which things change so quickly?” Kevin replied that his guidance has been contextual and level-driven rather than directional at all costs. “I remember telling people to take profits at .40+ cents in December a buy at .14 cents twice this year both of which produced 70+% gains and I also remember telling people to take profits at the highs both times. Don’t cry in the casino buddy. I have been saying BTC and the Altcoin market was at major resistance for over a week now,” he said. Related Reading: Dogecoin Just Flashed A Rare Weekly Bullish Signal — This Analyst Is Buying Another commenter, @anthonyzamanz, noted the market’s correlation to Bitcoin—“Also all depend where Bitcoin will go…”—to which Kevin answered, “yes sir,” underscoring the top-down dependency altcoins retain on BTC’s path. When a separate user quipped, “To summarize, dogecoin will go up, if not it will go down,” Kevin distilled the thesis back to the levels: “Hold those levels and go up if not go down. You almost had it.” In practical terms, the roadmap laid out is binary and technical. A sustained bid inside $0.213–$0.189 would argue for continuation, potentially setting up another attempt at the $0.26–$0.28 range that capped the recent push. Losing that band on convincing volume and closing structure would, in Kevin’s words, open the “shadow realm” below, with $0.14–$0.12 flagged as the next major demand pocket. For now, the chart places DOGE squarely at confluence, with bulls tasked to convert the moving-average cluster and mid-range Fibonacci support into a durable base before any serious discussion of upside resumes. As ever in altcoin cycles, the analyst and several respondents emphasized that Bitcoin’s behavior will likely arbitrate the outcome. At press time, DOGE traded at $0.205. Featured image created with DALL.E, chart from TradingView.com
Meme token DOGE fell sharply over the past 24 hours as a dramatic increase in volume drove prices down to key support levels. Despite the selloff, data suggests large holders may be quietly accumulating.
The Dogecoin price is currently down more than 70% from its all-time high of approximately $0.74. However, a crypto analyst has predicted that the likelihood of this top meme coin reaching a new ATH is exceptionally high. Based on recurring historical patterns and strong technical signals, the analysis suggests that Dogecoin is getting ready for a critical breakout that could open the doors to a powerful rally. Dogecoin Price To Record New ATH Soon According to a fresh analysis by crypto expert Javon Marks, the probability of Dogecoin setting new all-time highs in this cycle is “extremely high.” Marks’ outlines a compelling case by comparing Dogecoin’s current market structure with its historical price movements from 2014 to date, which appear to follow a repetitive pattern of consolidation followed by explosive upside. Related Reading: Dogecoin Price Enters Bullish Livermore Cylinder That Could Catapult Price To $1.5 In his chart analysis shared on the X social media on July 30, the analyst shows that DOGE has historically moved through phases of compression within wedge-like formations, followed by major breakouts to new all-time highs. During the 2016-2017 bull market, the cryptocurrency hit an ATH of $0.01877 after undergoing a long compression. A similar pattern unfolded in the 2021 bull rally, when the meme coin’s price surged to a fresh ATH of $0.739 after an extended period of tightening consolidation. Currently, the chart structure is showing a striking resemblance to these past setups, with DOGE’s price coiling tightly near a potential breakout point. With this in mind, the analyst predicts that the meme coin is on the verge of a massive price rally exceeding 226%, setting the stage for a possible break-through of the $0.739 ATH if momentum continues to build. Based on the expert’s chart analysis, historical fractals further indicate the possibility of Dogecoin surpassing the $1 mark to reach $1.42 or even $2.11. A surge to both targets would represent a significant gain of approximately 545% and over 830% respectively, from the current trading price of around $0.22. Dogecoin Pullback Predicted Ahead Of Next Target Crypto analyst Bitguru revealed in an X post that Dogecoin is showing signs of a pullback that could soon transition into a breakout. The expert’s analysis shows DOGE recovering from the $0.2138 support zone that held firm following a recent decline from its local high of $0.2866. Related Reading: Dogecoin Breaks Out Of 4-Year Bearish Streak With 65% Rally Bitguru noted that Dogecoin’s decline was a healthy one, as it retraced back to test the previous breakout area. This pullback phase is showing signs of exhaustion, with the meme coin’s price now consolidating around $0.22. Notably, the analyst’s chart is reflecting a potential double-bottom structure, hinting at the possible formation of a bullish reversal pattern. Building on this setup, Bitguru forecasts a potential 28.83% upside for Dogecoin, with price targets in the $0.24 to $0.25 range in the short term. If bullish momentum persists, the chart’s projected trajectory points to an extended move near the $0.28 level. Featured image from iStock, chart from Tradingview.com
Dogecoin is showing signs of recovery, trading around $0.22 with a 31% gain over the past month. As it approaches a key trendline resistance, speculations are whether momentum can carry DOGE higher or if fading strength will lead to another pullback. Signs Of A Bottom: DOGE Prepares For Potential Uptrend Continuation Giving a key update on the DOGE daily chart, Master Kenobi pointed out early signs that Dogecoin may have established a bottom, potentially setting the stage for a continuation of its upward trend. Recent price action suggests that bullish momentum is building; however, follow-through is now crucial for confirmation. Related Reading: Dogecoin Unlock To Put $22.9M Worth Of Tokens Into Circulation For this bullish continuation to take hold, Kenobi emphasized that DOGE must make a decisive move above the yellow trendline within the next 1–3 days. Such a move would be essential to push the Relative Strength Index (RSI) back above its moving average, a signal that could help reignite bullish sentiment and strengthen the ongoing uptrend. However, if Dogecoin fails to break above the yellow trendline within that short window, the risk of a pullback increases. Kenobi warned that in such a scenario, the price may slide back toward the red trendline, which marks the base of the ascending channel and could be retested by early September. This technical setup places Dogecoin at a crucial juncture, with the coming days likely to determine its short-term trajectory. A successful breakout would validate the bottom and support a continuation of the rally, while a failed breakout may cause DOGE to retrace lower before attempting another leg up. Dogecoin Holds Steady At $0.22 After 31% Monthly Gain In a post on X, cexscan provided an update on Dogecoin’s current market performance, noting that the meme coin is trading around $0.22 and showing a modest upward trend in recent days. This recovery has sparked renewed interest among traders, particularly as short-term momentum appears to be gaining strength. Related Reading: Dogecoin Retests Crucial Support Following 8.6% Drop – Here Are The Levels To Watch Over the past 30 days, Dogecoin has recorded a solid gain of 31.84%, reflecting a notable rebound from previous lows. However, the broader picture remains mixed, as year-to-date performance is still down by 31.04%, highlighting the lingering impact of earlier sell-offs. Cexscan also observed that trading volume has been moderate overall, but a recent spike indicates growing market engagement. This increase in volume could support further price movement if sustained, especially if buyers continue to step in during key moments. Despite these positive signs, Cexscan urged caution, pointing out that some downward pressure still lingers in the market. While indicators suggest the potential for continued gains, Dogecoin will need to maintain momentum and avoid sharp pullbacks to confirm a lasting trend reversal. Featured image from iStock, chart from Tradingview.com
A closely watched chartist on X, Cantonese Cat (@cantonmeow), says he added to his Dogecoin exposure after a key Ichimoku signal appeared on the weekly chart. Posting at 2:46 p.m. on July 30, 2025, he shared a TradingView snapshot and wrote: “DOGE weekly — Ichimoku cloud — Bullish Tenkan–Kijun cross — Finding support at the Tenkan (blue line).” He followed with a straightforward disclosure: “I bought a little bit more $DOGE here.” This Dogecoin Ichimoku Signal Can’t Be Ignored The chart he published was captured at 12:46 UTC on July 30 and showed Dogecoin (weekly timeframe) trading near $0.216 after a week-to-date decline of 10.23%. TradingView’s readout on the image lists weekly O/H/L/C at 0.24076 / 0.24854 / 0.21440 / 0.21613, alongside Ichimoku values Tenkan-sen 0.21517, Kijun-sen 0.21142, Senkou Span A 0.21329, and Senkou Span B 0.28247. The thrust of the analyst’s call rests on classic Ichimoku mechanics. The Tenkan-sen (conversion line) has crossed above the Kijun-sen (base line) on the weekly chart—an event technicians describe as a bullish Tenkan–Kijun cross. In the posted image, spot price sits marginally above the Tenkan and Kijun, consistent with his comment that price is “finding support at the Tenkan.” Related Reading: Dogecoin Unlock To Put $22.9M Worth Of Tokens Into Circulation In Ichimoku methodology, the Tenkan often acts as a fast-moving gauge of momentum and, when rising above the slower Kijun, can mark the start of a momentum-led trend attempt. On higher timeframes such as the weekly, participants typically treat those inflections as more consequential than on intraday charts. That said, the same screenshot shows DOGE trading beneath the weekly cloud (Kumo) projected ahead, with Senkou Span B up near the $0.28 area. In textbook terms, signals that occur below the cloud are generally categorized as weaker than signals that occur above it, even when the Tenkan–Kijun cross is bullish. The image also captures the context of the move: after a forceful green candle in mid-July, two red weekly candles followed, leaving price clustered around the Tenkan/Kijun zone. Related Reading: Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors Pressed for a status check a day later, the analyst reiterated that the technical picture had not broken down: “DOGE holding weekly Ichimoku Tenkan and Kijun support so far,” he wrote on July 31. That comment underscores how Ichimoku practitioners often judge trend health by whether price can close above the Kijun on the chosen timeframe and continue to respect the Tenkan on pullbacks. For now, the story is a straightforward one: a bullish Tenkan–Kijun cross on the weekly chart, with price attempting to base at those lines while the cloud overhead still looms as longer-term resistance. As ever with Ichimoku analysis, the coming weekly close relative to the Tenkan and Kijun will be the focal reference for traders tracking whether this early signal can mature into a broader uptrend. At press time, DOGE traded at $0.22. Featured image created with DALL.E, chart from TradingView.com