Dogecoin was initially an “inside joke” among crypto enthusiasts but soon became one of the top 10 biggest digital assets by market cap. Today, it’s worth $55.31 billion based on current prices and has been slowly increasing in value recently. Based on technical and market charts, the popular meme coin has broken out of its […]
Dogecoin could break the $1 threshold if the memecoin repeats its 2021 trend which generated a 7,000% rally.
Following the renewed upward price strength of Dogecoin, the largest meme coin, there has been a significant uptick in adoption over the past few weeks, as evidenced by a recent notable rise in small DOGE wallets. As DOGE continues to attract more gains, the growth could help bolster its price and trigger future gains. Wallets […]
Dogecoin (DOGE) experienced a sharp decline, dropping 10% in the last 24 hours. After surging to a peak of $0.4385 on Tuesday—the highest since May 2021—the meme-based cryptocurrency has fallen over 16%. This downturn has occurred despite a significant announcement from President-elect Donald J. Trump. Dogecoin Slumps Despite ‘DOGE’ Formation Trump unveiled the formation of […]
Over the past few weeks, Dogecoin (DOGE) has exhibited a massive surge, significantly outperforming Bitcoin (BTC) and other major altcoins. The memecoin has soared by 170% in the last two weeks, an astounding 250% over the past five weeks, and 95% in just the last five days. This meteoric rise has positioned Dogecoin as one of the top-performing digital assets in the current market landscape. Why Is Dogecoin Outperforming Bitcoin? Michael P. Regan, the global team leader for cryptocurrencies at Bloomberg and a former senior markets editor, shed light on this phenomenon during an interview with Bloomberg Crypto. Addressing skepticism from traditional investors regarding Dogecoin’s fundamentals, Regan acknowledged the coin’s unexpected resilience. “Dogecoin, I think, has surprised everybody with its staying power,” Regan stated. “When you talk about the fundamental values, that gets kind of, you know, sort of a philosophical discussion when it comes to crypto. But one thing about Dogecoin that’s really interesting is it is actually very cheap to transact with, much cheaper than Bitcoin.” Related Reading: Dogecoin Price May Explode By 10,200% Based On Classic Chart Pattern: Expert Regan highlighted practical use cases that contribute to Dogecoin’s value proposition. “We’ve had stories—you do actually find people using it for remittances, you know, people sending money back home to Venezuela to their parents. It’s a lot cheaper to do that with Dogecoin than most other cryptocurrencies,” he explained. Additionally, he mentioned the growing acceptance of Dogecoin in everyday transactions: “There’s even people developing payments apps. You know, there’s a pizza place, Williamsburg Pizza in New York, that accepts Dogecoin.” Despite its origin as a joke, Regan believes there’s more to Dogecoin than meets the eye. “It started as a joke. You know, it still makes me laugh to think about it, but there is something there that’s a little bit sort of more serious than most people realize, I think,” he concluded. The Elon Musk Effect When asked about the influence of Elon Musk on Dogecoin’s recent rally, Regan didn’t mince words. “This rally we’ve seen, I think, is almost, you know, completely tied to Elon Musk,” he asserted. Musk, a well-known advocate for Dogecoin, has a history of impacting its price through his public statements and social media activity. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details “Elon Musk has been a huge champion of Dogecoin lately. I think, you know, just for the memes—the guy likes funny memes on the Internet. Dogecoin is sort of the, you know, meme coin of choice on X and Twitter before that,” Regan remarked. He emphasized the speculative nature of the memecoin and Musk’s significant role within it. “It’s hard to know exactly, you know, if that’s as far as Musk’s appreciation for it goes. But regardless, you know, crypto is all about speculation. He likes it,” Regan said. Highlighting the impact of Musk’s involvement, Regan concluded, “It’s up almost 200% since the election,” referring to the hype which the establishment of the Department of Government Efficiency (DOGE) created. At press time, DOGE traded at $0.38698. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, how many addresses belong to a particular Dogecoin wallet group. Addresses are divided into these cohorts based on the number of tokens they carry in their current balance. For instance, the 1 to 10 coins group includes all wallets holding between 1 and 10 DOGE. The Supply Distribution for this specific cohort would tell us about the total number of network addresses that satisfy this condition. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up In the context of the current discussion, two address ranges are of interest: 0 to 100,000 coins and 100,000+ coins. The former comprises the small investor groups of the sector, like retail, while the latter includes the large entities like sharks and whales. Generally, the influence of any address on the network increases the more they carry, so the sharks and whales, with their large holdings, can be considered key cohorts of the memecoin. Naturally, the whales are the more important of the two, as they have more massive bags. Now, here is the chart shared by the analytics firm that shows the recent trend in the Dogecoin Supply Distribution over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution has been going up for the 0 to 100,000 coins group for a while now, suggesting more investors of this size have been popping up on the blockchain. More particularly, 74,885 new addresses have appeared inside this range over the last four weeks. During this same window, the 100,000+ tokens cohort has seen a downtrend in the indicator, which suggests some big-money investors have been clearing out their holdings. That said, while 350 Dogecoin sharks and whales have left the network over the past month, things appear to be turning around for the better on smaller timeframes. Related Reading: Dogecoin To As High As $23? This Pattern Could Hint So Around 108 wallets of this size have cropped up on the network in the last couple of days, which would explain where the fuel for the memecoin’s impressive rally has come from. At present, both retail and large holders are witnessing a rise on the network, but it only remains to be seen whether this momentum lasts. Naturally, the uptrend in the Supply Distribution of the sharks and whales is of more significance, given their placement in the market. DOGE Price At the time of writing, Dogecoin is trading around $0.383, up over 21% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
US President-elect Donald Trump has appointed two prominent crypto supporters—tech mogul Elon Musk and former Republican presidential candidate Vivek Ramaswamy—to lead a new initiative, the Department of Government Efficiency (DOGE). On Nov. 13, Trump announced on his Truth Social platform that he aims to eliminate government inefficiencies, slash excess regulations, and streamline federal spending through […]
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The newly created Department of Government Efficiency will work to cut “waste and fraud” from $6.5 trillion in US government spending.
DOGE's price has surged 78% since Trump's election win a week ago.
In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.
Dogecoin has skyrocketed over 200% in less than three weeks, riding the wave of Bitcoin’s recent record-breaking rally. As BTC surged to new all-time highs, the momentum carried over to altcoins, with Dogecoin leading the pack in aggressive gains. This historic price surge has captured the attention of traders and analysts alike, sparking excitement for DOGE’s future potential in this bullish market phase. Renowned crypto analyst and investor Ali Martinez recently shared a technical analysis highlighting Dogecoin’s upward trajectory, setting bold targets that have left the community buzzing. Related Reading: Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details According to Martinez, if DOGE continues to align with its current macro trend channel, it could reach an impressive $2.4 price target soon. Furthermore, Martinez notes that, under certain conditions, Dogecoin could aim as high as $18 should broader market dynamics and macro support levels remain favorable. With DOGE’s explosive growth and heightened investor interest, these next few weeks will be critical. If market conditions persist and BTC’s bullish trend holds, Dogecoin may continue its path upward, pushing into levels previously considered out of reach. Dogecoin Leading The Memecoin Dogecoin has taken the lead in the meme coin market, surging massively over the past few weeks and drawing attention from investors and analysts alike. With renewed momentum, DOGE has started an uptrend, forming a solid bullish structure that suggests further upside. Many analysts now see Dogecoin as a high-potential asset in the current market cycle, especially as broader sentiment remains positive across major cryptocurrencies. Ali Martinez, a well-regarded crypto analyst and investor, recently shared a technical analysis on X highlighting Dogecoin’s impressive setup within a macro channel. According to Martinez, if DOGE tests the middle or upper boundary of this long-term channel, it could potentially reach ambitious price targets of $2.40 or even $18. Martinez’s optimistic analysis aligns with the broader market view that DOGE, a well-established coin with a strong community and historical price resilience, is primed for significant growth. His analysis underscores the potential for this rally to continue in a major way, especially if BTC maintains its bullish trajectory, supporting altcoin momentum. For investors seeking high-risk, high-reward opportunities, DOGE stands out as a viable option with a potentially huge upside. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside As market participants closely watch for a potential test of these channel boundaries, Dogecoin’s current rally could signal the beginning of a transformative bull run, rewarding those strategically positioned themselves. While volatility is likely, the opportunity for massive gains could attract both retail and institutional interest, setting Dogecoin up as a leading player in this bull market. DOGE Hits Multi-Year Highs Dogecoin has reached a price level not seen since May 2021, breaking several local highs established over the past three and a half years. The recent rally took DOGE to a peak of $0.43, marking a substantial recovery and signaling bullish strength in the meme coin market. After two intense weeks of buying pressure, the price has slightly cooled and is now trading around $0.382, suggesting some consolidation may be underway. A deeper retracement to the $0.34 level would provide a healthy setup, allowing the previous supply zone to flip into a new demand zone, supporting sustained upward movement. Such a pullback would likely appeal to investors looking for re-entry opportunities at a support level before the next bullish leg. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? However, with strong price action in play, a continued move toward the next major resistance at $0.45 remains a realistic scenario. Investors closely following DOGE expect further upside, as the coin’s recent momentum could drive another test of this multi-year resistance. Featured image from Dall-E, chart from TradingView
The agency aims to streamline the U.S. government by cutting bureaucracy, reducing costs, and creating a leaner, more accountable structure.
The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin. This optimistic price forecast comes as the Dogecoin price breaks out of a legendary Bull Pennant pattern, which the analyst has indicated is a major bullish signal. Dogecoin Price Breaks Out […]
The Dogecoin price is showing signs of renewed bullish momentum as the price sets its sights on the key resistance level of $0.4484. Following a steady rise, the bulls appear determined to push through this barrier, potentially setting the stage for a breakout that could spark further gains. As market sentiment shifts in favor of the buyers, all eyes are on DOGE to see if it can sustain its upward strength and reach this ambitious target. This analysis aims to assess Dogecoin’s uptrend as it approaches the critical $0.4484 resistance level, exploring whether the bulls have the strength to achieve a breakout. By examining current price trends, key technical indicators, and potential support and resistance levels, this piece aims to provide insights into DOGE’s near-term prospects. It will also consider the implications for traders if DOGE successfully breaks through or encounters resistance at this key level. DOGE Bulls Eye Key Resistance At $0.4484 The Dogecoin price has held strong above the 100-day SMA on the 4-hour chart, signaling bullish momentum. After breaking the $0.3563 resistance, DOGE established a support base and now targets $0.4484. This movement suggests buyer control and a breakout at this level could lead to more gains, strengthening the current uptrend and attracting more optimistic interest. An analysis of the 4-hour Relative Strength Index (RSI) reveals a sustained upsurge, with the RSI rising to 91% after breaking above the 50% mark, indicating a strengthening buying pressure as the market shifts from a bearish phase to a more neutral or bullish stance. With the bulls firmly in control, this upward momentum suggests the possibility of additional price increases if buying strength continues. Related Reading: Dogecoin To As High As $23? This Pattern Could Hint So Additionally, the daily chart shows that Dogecoin is facing significant upward pressure, as evidenced by the formation of bullish candlestick patterns. The asset’s position above the critical 100-day SMA further supports this positive trend. As DOGE continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it targets the $0.4484 mark. Lastly, the RSI on the daily chart is at 92%, signaling strong positive movement after recovering from a dip to 57%, suggesting a shift in market sentiment with increased buying pressure. While the elevated RSI indicates potential for more growth, sustained overbought levels could lead to a correction if buying pressure slows. The Significance Of $0.4484 For The Dogecoin Price The $0.4484 level holds significant importance for the Dogecoin price, as it represents a key resistance point that could trigger a possible breakout. Should Dogecoin successfully surpass this level, it could pave the way for further upward movement, extending the current bullish trend and targeting the next resistance at $0.5920. Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? However, if the level holds as resistance, DOGE may face a period of consolidation or pullback before making another attempt at breaking through. Featured image from Adobe Stock, chart from Tradingview.com
The meme coin was created as a joke in 2013, but analysts say Dogecoin has a serious chance at making a Wall Street debut.
A robust market optimism has triggered a bullish run for Dogecoin as the dog-themed meme coin attracts notable price gains over many major cryptocurrency assets with an over 50% daily profit. While the coin has surged significantly over the past few days, a crypto analyst has predicted that the renewed upward strength may be poised […]
This free Doge-themed beat-’em-up inscribed on Dogecoin is well made—and offers a welcome break from crypto market madness.
The Dogecoin price has started a fresh climb above $0.4 for the first time in over three years, putting it at levels not seen since the 2021 bull market. Particularly, the meme coin is up by about 55% in the past 24 hours, further relaying the bullish sentiment. Interestingly, this latest move on the technical […]
Henrik Zeberg, a prominent macroeconomist known for his expertise in business cycles and Head Macro Economist at Swissblock, released a technical analysis for the Dogecoin price by popular demand. Within the monthly chart of DOGE/USD, Zeberg highlights potential future prices based on Fibonacci extensions and a specific chart pattern known as the “Rounding Bottom.” Will Dogecoin Price Hit $29? Zeberg’s technical approach draws heavily on the historical performance of Dogecoin, suggesting that its price might follow a bullish trajectory mirrored in previous cycles. In his analysis, he points out, “DOGE seems to develop a Rounding Bottom structure in each Cycle. We observe how each cycle has produced higher and higher levels into the Euphoria phase.” The Rounding Bottom is a proven chart pattern often seen in financial markets which signals a reversal or a significant shift from a downward trend to an upward trend. The pattern is recognized by its gradual, rounded recovery from a low point, resembling the shape of a bowl or a saucer. This pattern indicates a slow and steady accumulation phase among buyers, followed by a gradual increase in price and demand. Related Reading: Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What’s Coming Next The formation of a Rounding Bottom begins when an asset hits a new low and then slowly starts to recover, with buyers gradually entering the market, wary of the downtrend but starting to gain confidence as prices stabilize. As the asset’s price ascends, it reflects increased buying pressure and a decline in selling pressure, suggesting a shift in market sentiment from bearish to bullish. To confirm a Rounding Bottom, the price must break through the resistance level that initially led to the pattern’s formation, often marked by the highest point of the curve before the asset’s price began to fall. For the Dogecoin price, this is the price level around $0.49 which Zeberg identifies as the first price target. The breakout typically needs to be accompanied by an increase in volume and can signal a long-term bullish trend. If DOGE manages to break this resistance in the coming days, the future could be massively bullish. Related Reading: Dogecoin Descending Triangle Could Hint At Next Destination For DOGE Zeberg utilized Fibonacci levels to provide specific future price targets for Dogecoin. The Fibonacci extension levels specifically marked on the chart for Dogecoin include the 1.27 Fib ($0.4924) which Zeberg labels as target 1 with a potential gain of 75%. The next price target for the Dogecoin price is the 1.618 Fib at $0.08030 which is referred to as target 2 with an anticipated increase of 180% by Zeberg. The 2.618 Fib at $3.2738 is marked as target 3, an ambitious goal representing an 8x increase. Moreover, the 3.618 Fib at $13.3641 and 4.618 at $54.4064 are also marked, though not explicitly linked to immediate targets, indicating very optimistic long-term possibilities should the market enter another phase of euphoria akin to past cycles. In discussing these targets, Zeberg cautions, “Could we see even more crazy development? Nothing is certain – but the setup looks like a repetition of what we have seen in earlier phases.” This statement refers to Zeberg’s main target for this bull run, which stands between the 3.618 and 4.618 Fibonacci levels at $29, assuming the entire market remains in a mania phase for an extended period. In this scenario, Dogecoin would achieve a gain of 10,200%. At press time, DOGE traded at $0.41. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s recent surge toward an all-time high near $90,000 has drawn renewed interest in the broader crypto market. Thanks to its increase to a three-year high, Dogecoin also emerged as a standout performer. Data from CryptoSlate shows that Dogecoin has jumped by nearly 38% in the past 24 hours, climbing to a year-to-date high of […]
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Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1. FLOKI Is The Next Meme Coin To Follow Dogecoin Price In an X post, The Bonk […]
“With the election overhang now behind us, the rally in crypto markets appears sustainable," an analyst told Decrypt.
Crypto analyst Ali Martinez predicted that the Dogecoin price could rally significantly, leading to double figures for DOGE. This comes as the crypto market continues to trend upward, with Dogecoin standing out as one of the top gainers. Dogecoin Price To Explode And Reach $18 In an X post, Martinez predicted that the Dogecoin price could explode by 4,500% and rally to $18. He stated that this will happen through a test of the middle or upper boundary of the channel, which puts the DOGE target at $2.40 or $18. Dogecoin will need to test the upper boundary to reach the $18 target, while only a test of the middle boundary will put the price at $2.40. Related Reading: Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000 In an earlier X post, Ali Martinez offered a more bullish outlook for the Dogecoin price. He predicted that the foremost meme coin could rise to as high as $23.26 in this bull run. He claimed that Dogecoin was about to go “parabolic” and cited historical patterns to prove why such a parabolic rally could happen. Based on historical patterns, the analyst stated that a potential top might lie between 1.618 and 2.272 Fibonacci levels, which would put the Dogecoin price between $3.95 and $23.26. Martinez also alluded to Elon Musk’s impact on Dogecoin when he previously stated that DOGE could reach $23 in this market cycle. The Dogecoin price has been on a massive bull run since Donald Trump won the elections, partly because of Elon Musk’s proposed Department of Government Efficiency (D.O.G.E), which would positively impact the meme coin. For context, the Doogecoin is up 139% since Trump’s victory. Update On The DOGE Bull Run Crypto analyst Master Kenobi, who rightly predicted the start of the Dogecoin bull run, has provided an update on what could happen next for the Dogecoin price. He stated that DOGE could range between $0.33 and $0.40 for a while before it pushes to its current all-time high (ATH) at $0.73. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 The analyst further remarked that there will likely be a potential rejection in the initial phase, which he claimed is welcome. This rejection will then be followed by a consolidation period of around one to two weeks, similar to the previous cycles. The analyst also raised the possibility that the Dogecoin price is already replicating its price action in the last cycle. If so, Master Kenobi remarked that this sets the Dogecoin price for a breakout and strengthens the probability of a continued upward trend. Crypto analyst Trader Tardigrade predicted that Dogecoin could rise to as high as $30 if it mirrors its price action in the 2021 bull run. At the time of writing, the Dogecoin price is trading at around $0.41, up over 48% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here’s what they have been up to. Dogecoin Whales Have Been Making Transfers To & From Exchanges According to data from the cryptocurrency transactions tracker service Whale Alert, several large transfers have been spotted on the Dogecoin blockchain […]
Much of the current rally has been fueled by bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration.
An analyst has pointed out a historical Dogecoin pattern that could suggest DOGE might see a bull run to as high as $23 this time around. Dogecoin Could Be About To Go Parabolic According To This Pattern In a new post on X, analyst Ali Martinez has discussed about where Dogecoin could be going next based on the pattern that has been observed during previous bull markets. Related Reading: Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go? Below is the chart shared by the analyst, which shows how DOGE has recently once again been showing a familiar trajectory in its monthly price. From the graph, it’s visible that Dogecoin had been trading inside a Descending Triangle pattern during the last few years, but the coin appears to have found a break above it recently. The Descending Triangle is a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. Generally, the bottom line of the triangle provides support to the asset’s price, while the top one can be a source of resistance. A break out of either of these lines can signal a continuation of trend in that direction. Thus, escapes out of the upper level, like the one that the memecoin has seen recently, can lead to a bullish outcome. As Martinez has highlighted in the chart, this isn’t the first time that Dogecoin has seen a long-term phase of consolidation inside a Descending Triangle. It would appear that the previous two such patterns also saw the cryptocurrency achieve breaks to the upside. Both of these breaks led to sharp bull runs for the coin, so it’s possible that the latest surge in the price is the start of something similar. As for how high DOGE might be able to go this time, the analyst has referred to Fibonacci levels. These levels are based on different ratios from the popular Fibonacci series. The first bull run topped out around the 1.618 Fibonacci level, which corresponds to the famous golden ratio that’s found in many natural formations. Related Reading: Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern The second one saw the cryptocurrency go through a larger jump, with its top being situated around the 2.272 level as measured from the top of the last bull run (corresponding to 1.000). Based on these tops, Martinez believes that the top of the next Dogecoin bull run might lie somewhere between the two levels. Relative to the last bull run top, the 1.618 lower cutoff of the range translates to around $3.95, while the upper 2.272 one to about $23.26. If Dogecoin can manage to touch even the first of these targets, its price would have seen growth of over 1,310% from where it’s today. DOGE Price At the time of writing, Dogecoin is trading at around $0.285, up 86% over the last seven days. Featured image from Dall-E, charts from TradingView.com
A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]
As Dogecoin punches past a three-year high price, a Canadian company aims to legitimize the meme coin through investment and infrastructure.
The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could set off a price rally toward the $1 mark. Golden Cross Sparks $1 Target For Dogecoin Price The world’s largest meme coin, Dogecoin, has just completed the “Textbook Weekly Golden Cross“ for the first time in four years, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally. According to Kevin, a Golden Cross typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA indicates a price average over a longer term. More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target. Kevin shared a price chart Depicting Dogecoin’s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets for the meme coin, with some even surpassing the $1 target. Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1. Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards. Analyst Says Golden Cross To Drive DOGE Even Higher In another X post, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin. The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as ”life-changing rallies“ when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin is on a path of remarkable growth following the renewed market upswing due to the United States Presidential election results, surpassing several strong resistance levels and crucial bullish patterns along the way that could further push the dog-themed meme coin into pivotal price areas. Dogecoin Upward Momentum Fueled By A Textbook Golden Cross Speculations […]