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A new chart shared by BigMike7335 (@Michael_EWpro) via X suggests that Dogecoin could be on the verge of a strong bullish wave targeting $2.43. His analysis relies on Elliott Wave theory, which divides market movements into impulsive drives and corrective phases. According to this view, DOGE’s historic rally from about $0.0020 to its previous peak near $0.68 unfolded in five distinct waves, labeled as Wave 5(A). This run tracked key Fibonacci extension levels, including the 2.618 region around $0.14591 and the 3.618 near $0.68835, confirming a robust impulsive phase. Wave C Could Take Dogecoin To $2.43 Once DOGE reached its high around $0.68, the chart shows a significant multi-month period of consolidation that the analyst interprets as a W–X–Y corrective move, comprising Wave (B). This aligns with Elliott’s concept that once an impulsive five-wave sequence is completed, the market is likely to enter a corrective structure which can form in many shapes, including flats, zigzags, or more complex “double” and “triple” patterns such as the W–X–Y indicated here. Throughout 2022 and well into 2023, Dogecoin’s price stayed in this corrective range, a phase that is also highlighted by the Ichimoku Cloud hovering above and around the price action. Traders often interpret the presence of the Ichimoku Cloud as a sign of sideways or uncertain momentum, which is exactly what a B-wave correction typically represents. Related Reading: Dogecoin Holding Strong—Analyst Says $4 Rally Could Be Next In November 2024, the Dogecoin broke above a descending trend line which capped price since the 2021 all-time high for more than 3.5 years. However, the momentum was lost in the following months. Since December, the chart reveals that Dogecoin has started to compress within a recognizable formation that could be viewed as a triangle or wedge. This shape is often seen in markets as price moves closer to a point of equilibrium before eventually breaking out. The “top TL” (top trendline), which had previously acted as resistance during the decline, is now being watched closely as a potential level for a support/resistance flip. Big Mike noted that DOGE “looks like we are going to retest the top TL for a s/r flip,” implying that a successful hold above this trendline could confirm the end of the (B) wave and the start of the next impulsive phase. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence In Elliott Wave terminology, if a five-wave impulsive move up is labeled (A) and the subsequent correction is labeled (B), then the next impulsive structure is typically labeled (C). In the shared chart, Big Mike projects that this Wave (C) could propel Dogecoin as high as $2.43, a figure that corresponds with another significant Fibonacci reference around $2.36 to $2.43. Traders and analysts often look to Fibonacci retracements and extensions to gauge potential support and resistance levels, and in Elliott Wave analysis, these ratios can help identify the possible end-points of larger waves. The chart also points to $0.15247 as a key level below current trading prices. If DOGE sees a pullback to this area, it could confirm that the retest of the descending trendline is underway. A bounce off this level might signal that Wave (C) is beginning, whereas a break below it could invalidate or postpone the bullish scenario. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

Investors are once again becoming drawn to Dogecoin (DOGE). This time, analysts have found a pattern that could send the famous meme coin soaring past the long-awaited $1 mark. DOGE hit its all-time high of $0.74 during the 2021 bull run, but it has since had a hard time getting back to that level. But now, one market expert thinks that the past might be about to happen again, this time with even bigger gains. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst A Pattern That Points To Rapid Growth Chandler, a crypto analyst, says that Dogecoin has been following a familiar cycle since December 2023. The cycle has three main parts: a breakout to new highs, a brief pullback, and then a sharp rebound that goes above the previous peak. This pattern has already happened twice, and if it happens again, DOGE could be about to have a big recovery. The most recent high of $0.85, followed by a pullback, suggests that the next move could push Dogecoin to an estimated $1.80—a gain of over 112% from its last peak. While price patterns don’t guarantee future performance, Dogecoin’s history of explosive rallies fueled by hype, speculation, and retail enthusiasm makes such a scenario plausible. Over the past year, every higher high $DOGE made was 112% higher than the previous one. 112% above the last top puts us at $1. ???????? pic.twitter.com/al8D86UGq0 — Chandler⚡️ (@ChandlerCharts) January 26, 2025 Market Sentiment And The $1 Psychological Barrier Overcoming $1 has long been a psychological and technological obstacle for Dogecoin. Even though there was a lot of excitement and significant support from people like Elon Musk, the previous effort in 2021 was unsuccessful. However, the circumstances for another breakthrough seem to be developing given Bitcoin’s continued success and the momentum that altcoins are getting. Sentiment is a significant factor in the fluctuations of Dogecoin. In the past year, DOGE has achieved gains of nearly 200%, surpassing Bitcoin’s 110% increase. The possibility of surpassing $1 is not only conceivable, but it may occur sooner than most individuals anticipate if this outperformance continues. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst Caution Amid The Hype Historical patterns can provide useful insights, but they are not totally reliable. The price of Dogecoin remains very volatile, and external variables such as macroeconomic conditions, regulatory changes, and larger market trends can all have an impact on its movement. Investors who are interested in participating in the prospective breakout should exercise caution when evaluating the risks. Profits can be substantial, but pullbacks can be equally rapid due to Dogecoin’s speculative nature. However, the forthcoming months may serve as a pivotal moment for the original meme coin, as DOGE’s chart indicates signs of life and the $1 barrier approaches. At the time of writing, DOGE was trading at $0.2671, up 5.7% and 2.8% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView

Crypto analyst Ali (@ali_charts) has published a weekly chart on TradingView that places Dogecoin (DOGE) squarely above a defining ascending channel drawn from early 2014. Although many altcoins have gone through boom‐and‐bust cycles in their histories, the attached chart reveals that DOGE has largely respected this upward‐sloping range for more than a decade. “DOGE is holding strong above the upper boundary of this channel, keeping the path open for a potential rally toward $4!” Martinez claims.  Dogecoin Poised For $4? The channel itself is composed of two primary bold lines—defining the lower and upper ranges of price action—as well as a series of dashed mid‐channel lines. In 2014, Dogecoin lingered below $0.00017. Year later, in March 2020, Dogecoin fell to $0.00134, a level that corresponds to the 0% Fibonacci reference point on the chart. From there, price action began forming a gentle uptrend that has become clearer over time, punctuated by spikes in 2017–2018, a run in mid‐2019, and most notably the massive rally in 2021 when DOGE surged to a historical high of approximately $0.73905. Following a sharp retracement, price briefly consolidated near $0.06654, a zone marked by the 0.618 Fibonacci retracement. DOGE then built enough strength to climb above the 0.786 Fibonacci level around $0.19183, which coincided with the midpoint of the lower ascending channel. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence At present, Dogecoin sits near $0.25, placing it above the channel’s lower boundary but also below the dashed lower trendline that has consistently served as a reference for major breakouts. In April 2024 as well as in December 2024, DOGE was rejected at this trendline near $0.23 and $0.48 respectively. With the current correction, DOGE may have successfully completed a retest of the previous local high near $0.23 and is now ready for the next rise. Notably, periods when DOGE has gravitated around these dashed lines have often preceded large directional moves, both on the way up and on the way down. A break above the lower dashed line which currently sits near $0.50 could potentially trigger Dogecoin’s next major upside move. Overall, the overarching takeaway from Ali’s perspective is that Dogecoin remains structurally intact within this multi‐year trend, reinforcing the idea that future price expansions are possible. Fibonacci analysis featured on the chart shows multiple levels spaced throughout Dogecoin’s history. The 0.618 retracement at around $0.06654 stands out for having captured the lows of the 2022 bear market, while the 0.786 Fibonacci mark near $0.19183 served as a consolidation pivot before the current move higher. Related Reading: Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ Above the 1.0 extension (the 2021 all‐time high around $0.73905) lie key Fibonacci extension targets, namely 1.272 near $4.10, 1.414 around $10.04, and 1.618 near $36.32. These levels provide a technical roadmap for the most optimistic scenarios, though each one becomes progressively more speculative as price would need to shatter multiple psychological and technical barriers to reach them. By reclaiming and holding above the upper boundary of the channel, Dogecoin appears to be staging another potential expansion phase. Chart interpretations suggest that as long as DOGE remains above this threshold, it retains a bullish structure that has reliably channeled rising prices over the past decade. If, however, price were to fall back below $0.0.19, it could slip towards the lower boundary of the channel or possibly even break below it, thus destroying the bullish case for DOGE. At press time, DOGE traded at $0.26791. Featured image created with DALL.E, chart from TradingView.com

Dogecoin started a recovery wave above the $0.250 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2655. DOGE price started a recovery wave above the $0.2500 and $0.2520 levels. The price is trading above the $0.250 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.260 and $0.2655 resistance levels. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline from the $0.2940 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.280 and $0.2655 support levels. It even spiked below $0.250. A low was formed at $0.2388 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The price even cleared the $0.2500 resistance level. There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level. The first major resistance for the bulls could be near the $0.2655 level or the 50% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The next major resistance is near the $0.2725 level. A close above the $0.2725 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.260 level, it could start another decline. Initial support on the downside is near the $0.2520 level. The next major support is near the $0.250 level. The main support sits at $0.2380. If there is a downside break below the $0.2380 support, the price could decline further. In the stated case, the price might decline toward the $0.2250 level or even $0.2120 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 – $0.2520 and $0.2500. Major Resistance Levels – $0.2600 and $0.2655.

Long a wild card in the crypto scene, Dogecoin (DOGE) has been riding the waves of excitement, community passion, and even Bitcoin’s price swings. Related Reading: $350K Bitcoin? Crypto Investment Firm CEO Predicts Massive Surge Speculation on the potential price pinnacle of Dogecoin is growing given Bitcoin’s present price hovering at $96,000-97k, and some analysts predicting a whopping $1 million valuation over the next decade. The Course Of Bitcoin Towards $1 Million Several business analysts, including Jack Dorsey and Robert Kiyosaki, have noted Bitcoin’s possible price ascent to $1 million by 2030. Echoing this view, investment company Bernstein thinks that the flagship cryptocurrency might reach the mark by 2033. Should this occur, the market capitalization of Bitcoin would surpass $20 trillion, therefore outpacing the present value of gold. Founder and CEO of publicly traded Wall Street Bitcoin miner IREN (NASDAQ: IREN), Daniel Roberts contends that rising institutional adoption combined with Bitcoin’s better qualities as a digital store of value might propel the value of the cryptocurrency to unprecedented levels. “If you consider Bitcoin’s historical price trajectory, I’d be surprised if we’re not at a $1 million by 2030 given the traction of ETFs and institutional buying now,” Roberts forecasted, quoted by Livewire Markets. The ascent of Bitcoin to this astronomical level most certainly will start a market-wide frenzy. Historically, altcoins have trailed behind BTC and frequently show even more percentage increases. Many think Dogecoin would see even more extreme climb if Bitcoin skyrocketed by 900% to $1 million. Historic Performance Of Dogecoin Vs. Bitcoin Originally developed as a joke, Dogecoin has outperformed the rise in many bull markets of Bitcoin. Bitcoin has risen by over 100% over the past year; Dogecoin has flown by over 200%. This tendency implies that, should another parabolic run take place, Dogecoin might beat Bitcoin in the percentage department. A 940% gain in accordance with Bitcoin’s expected rally at its present price of $0.25 would drive Dogecoin to about $2.60. But considering the Dogecoin’s track record of surpassing expectations, several experts feel a $10 price tag is not out of the question. Market Development And Meme Coin Mania Given Bitcoin’s leading stake, the larger crypto market might explode to over $40 trillion even if the market value of Bitcoin approaches $20 trillion. This would create an atmosphere where meme coins like Dogecoin, which depend on retail buzz and community support, might achieve a record-shattering price explosion. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst In past cycles, speculative trading, celebrity sponsorships, and social media trends have often drove Dogecoin’s price behavior. The meme coin is more erratic than others since the participation of people like Elon Musk has traditionally set off fast DOGE price increases. Reasonable DOGE Expectations By 2030 Although other forecasts—like those of Telegaon—suggest that Dogecoin might reach between $13 and $18 by 2030—these projections remain hypothetical. DOGE would probably need more utility, more acceptance in payments, and continuous retail interest to approach double digits. Still, should Bitcoin surpass $1 million, the price of Dogecoin might be set for a significant surge that would astound even the most bearish of investors. Featured image from Reuters, chart from TradingView

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Recent price decline action has seen Dogecoin rebounding at a recent multi-month low after the entire market started last week on a liquidation stretch. However, technical analysis from analyst Trader Tardigrade suggests that Dogecoin may have already established its cycle bottom before the next price surge. Dogecoin Tests Key Weekly Support After 40% Drop The cryptocurrency market faced a significant downturn last week, with widespread losses hitting various digital assets. Dogecoin was no exception to the sell-off, experiencing a sharp decline of nearly 40% before finding support around $0.22. This drop marked the lowest price Dogecoin has reached since the beginning of 2025, and the last time it traded at this level was in early November 2024.  Related Reading: Shiba Inu Set For A 10-Fold Explosion? Analysts Predict 6,000% Surge Despite the severity of the drop, technical analysis from crypto analyst Trader Tardigrade suggests that Dogecoin’s recent 2025 low may be more significant than it appears at first glance. In a social media post on platform X, the analyst shared a weekly timeframe chart highlighting that $0.22 is part of a key trendline that played a crucial role in Dogecoin’s price movements throughout 2024. Now, with the price falling back to this level and bouncing off it, Trader Tardigrade noted that the trendline has seemingly flipped into a strong support zone. As of now, Dogecoin has rebounded to $0.2561, reflecting a positive reaction of approximately 16% from its recent low. Notably, on-chain data from IntoTheBlock shows buyers stepped in just around this support level. However, Dogecoin’s ability to hold above this support level in the coming weeks will determine if the cryptocurrency has truly reached a bottom for the rest of this cycle.  Image From X: Trader Tardigrade Historical Pullbacks Point To $2 Price Target In another analysis, Trader Tardigrade highlighted a recurring pattern in which the Dogecoin price tends to experience significant pullbacks of more than 50% after a strong multi-month rally. However, these pullbacks have always been accompanied by another strong rebound rally, and Dogecoin eventually reached a new peak. His analysis noted three major pullbacks: the first saw a decline of 59.76%, the second dropped by 56.2%, and the most recent pullback registered a 58.25% drop. Based on this historical behavior, Tardigrade noted that the recent correction might be accompanied by another strong rebound.  The last such a rebound happened, Dogecoin went on a 23,000% increase to reach its current all-time high of $0.73. From here, Trader Tardigrade predicted a similar playout to reach a price target of $2. Image From X: Trader Tardigrade Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst The $2 price target has been a recurring prediction among crypto analysts for Dogecoin. One similar prediction came from crypto analyst Dima Potts, who predicted that Dogecoin is poised to target all-time highs between $1.50 and $2.10. For now, the first step for a bullish Dogecoin would be to break above $0.3. Featured image from Mudrex, chart from TradingView

The price of Dogecoin has been under significant downward pressure over the past week, and the latest on-chain data suggests that the meme coin might not experience relief any time soon. Dogecoin Price Overview As of this writing, the DOGE token is valued at around $0.246, reflecting a mere 0.5 decline in the past 24 hours. While the meme coin seems to have found formidable support around $0.23, there’s not been enough movement to ensure a comeback and wipe out some of the recent loss. CoinGecko data shows that the largest meme coin has shrunk in value by more than 25% in the last seven days. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? However, price action data shows that Dogecoin’s struggle didn’t begin in the past week, as the meme token has steadily declined since reaching $0.47 in early December. According to data from Santiment, the price of DOGE is down by nearly 50% after notching the local high two months ago. While the general market condition has not been particularly positive, the meme coin sector appears to be enduring the biggest impact of the climate shift. The latest on-chain data suggests that an important class of large investors might have a role in the price downturn, as they are becoming less active in the Dogecoin market. DOGE Large Transactions Witness Severe Decline In a Feb. 8 post on the X platform, the blockchain intelligence firm Santiment revealed that Dogecoin whales have become less active in the market, with their number of transactions dwindling in recent weeks. Specifically, the on-chain analytics firm highlighted the changes in two whale transaction groups: the $100,000 and the $1 million transactions. According to Santiment, the number of DOGE transactions (worth over $100,0000) has drastically reduced, by more than one-third of the volume during the “Trump pump run-up in early November.” On-chain data shows that the weekly $100,000 transactions have fallen from 20,200 to 6,200 — an almost 70% decline — since November 9, 2024. Meanwhile, the weekly $1 million DOGE transactions have plunged by over 75%, going from 3,490 to 850 in the last three months. As Santiment highlighted, these whale transaction metrics may need to pick up again if the Dogecoin price is to recover. In a new post on X, crypto analyst Ali Martinez revealed that whales have accumulated over 100 million DOGE tokens in the past 24 hours. According to the pundit, this latest round of accumulation signals growing interest and confidence amongst large investors. Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold Featured image from iStock, chart from TradingView

Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them.  Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also predicted that the Bitcoin price would hit $150,000, which would also be a new all-time high for the flagship crypto. Related Reading: Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar Based on these price targets, the crypto pundit asserted that market participants aren’t bullish enough. The Dogecoin price, XRP, and Solana reaching these targets undoubtedly provide a bullish outlook for the crypto market, which is currently witnessing a significant crash due to economic uncertainty.  The Dogecoin price has been one of the major caps that has taken the most hit, with a decline of over 25% in the last seven days. Meanwhile, XRP and Solana have declined over 22% and 17% respectively. It is worth mentioning that besides this crypto pundit, some other crypto analysts have also predicted that the Dogecoin price could soon reach the much-anticipated psychological $1 level. One of them is Master Kenobi, who highlighted similarities between the current DOGE price action and that of 2017.  Based on the similarities, the crypto analyst predicted that the Dogecoin price could witness a 6x increase from its current level and rally to as high as $1.25 soon enough. He added that DOGE could peak sometime in mid-April or May.  Crypto analysts have also made bullish cases for XRP and Solana. Crypto analyst Dark Defender predicted that the XRP price could rally to $8 soon enough. The analyst is also confident that XRP can reach $18 in this market cycle.  Meanwhile, crypto analyst Ali Martinez predicted that Solana could reach $350, while Van Eck stated that SOL could reach $500 by year-end.  What Next For These Coins Amid Downtrend In the meantime, crypto analysts have provided insights into what needs to happen for the Dogecoin price, XRP, and Solana to maintain their bullish outlook. In an X post, crypto analyst Kevin Capital stated that in the short term, DOGE needs to get back above $0.28 to see more upside. If that doesn’t happen, he remarked that the foremost meme coin is in danger of retesting the lows and maybe dropping to as low as $0.19.  Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold For XRP, crypto analyst Egrag Crypto stated that the crypto needs to close above the 21 EMA at $2.67. He added that a close above $2.81 is essential for bullish momentum. Crypto analyst CasiTrades also suggested that XRP needs to reclaim $2.90 as a rejection at this level could lead to drop to $1.88 or $1.53.  For Solana, Ali Martinez stated that SOL needs to hold above the support at $196 to maintain the bullish projection of $350 for the crypto. Featured image from Unsplash, chart from Tradingview.com

Dogecoin has faced increased volatility and selling pressure as February kicks off with uncertainty across global markets. The meme coin struggles to break above the $0.25 mark, reflecting broader concerns amid US trade war fears and macroeconomic instability. Investors remain cautious, with many waiting for clear signals before jumping back into the market. However, key on-chain data suggests that big players are taking advantage of current price levels. Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip Top analyst Ali Martinez shared insights revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This trend signals growing confidence and rising demand for Dogecoin despite the ongoing price struggles. Historically, whale accumulation has often preceded strong price movements as large investors position themselves ahead of potential rallies. The coming days will be crucial for DOGE, as it must reclaim key resistance levels to regain bullish momentum. While short-term sentiment remains mixed, growing demand among whales could be a sign that smart money is preparing for the next move. If Dogecoin can hold support and push above $0.25, it may be setting up for a breakout in the weeks ahead. Investors are watching closely to see whether whale accumulation will drive the next leg up for DOGE. Dogecoin Struggles Below Key Levels  Dogecoin is facing challenges as it struggles below key supply levels between $0.29 and $0.25, with the price showing signs of exhaustion. The broader crypto market remains uncertain, with Bitcoin holding relatively strong while altcoins and meme coins continue to bleed. Dogecoin’s price action reflects this instability, as bulls fail to reclaim crucial levels and bears push prices lower. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? Analysts and investors are growing increasingly concerned about the state of the market. Meme coins, which have historically performed well in bull cycles, are underperforming this time around, raising questions about their strength in the coming months. However, one key metric suggests that Dogecoin could be setting up for a strong move. Martinez shared on-chain data on X revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This consistent trend of accumulation signals growing confidence and rising demand for Dogecoin, even as the price remains weak. Historically, similar accumulation periods have preceded major rallies, indicating that big players may be positioning themselves for a breakout. If DOGE can reclaim the $0.25-$0.29 range and turn it into support, the next move higher could be significant. However, failure to hold key levels could lead to further declines. The coming weeks will be crucial in determining whether Dogecoin can recover or if it will remain stuck in a downtrend. DOGE Price Analysis: Key Levels To Watch  Dogecoin is trading at $0.24 after enduring significant selling pressure, dropping over 39% since the start of February. The price action remains bearish, with no signs of immediate recovery as long as DOGE stays below the $0.26 mark. Bulls have lost control, and every attempt to push higher has been met with strong resistance.   Now, the key demand level to hold is around the $0.228 mark, which aligns with the 200-day moving average. This level has historically acted as a crucial support zone, and losing it could trigger further declines toward the $0.20 mark. If DOGE fails to reclaim $0.26 and turn it into support, the downward trend is expected to continue in the coming days. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level On the other hand, a strong bounce from current levels and a push above $0.26 could signal a reversal, opening the door for a retest of the $0.29 supply zone. However, with market uncertainty still weighing on meme coins and altcoins, Dogecoin needs a surge in demand to regain momentum. The next few trading sessions will be crucial in determining whether DOGE can stabilize or if further downside is on the horizon. Featured image from Dall-E, chart from TradingView

A newly released video analysis by crypto commentator asif.eth (@asifeth) makes the case that Dogecoin is currently trading at what he calls a heavily undervalued level. He offered an explanation of why he believes the coin’s ongoing correction may have just concluded—a process he interpreted through an Elliott Wave lens and, more specifically, an ABC corrective pattern. Has Dogecoin Finished Its ABC Correction? In his discussion, the analyst described how Dogecoin had exhibited a pronounced rise, after which he saw “the first A correction and after that we got a B higher high, higher low… and after that we got a C type correction.” He suggested that this final “C wave” might have drawn the token back into a crucial support region, remarking that “this could be ABC and the current correction is playing out with an RSI at oversold territory,” a condition he views as a strong buy signal. Although he acknowledged the possibility of miscounting the waves, he maintained that the structure points to a broad corrective phase that could now be nearing completion. The key price region he identified spans from around $0.24 down to $0.18, an area he repeatedly called a “very, very good” place to accumulate Dogecoin. He referred to it as a “huge supply turn to huge demand zone,” noting that the token had previously flipped this same range between support and resistance several times. Related Reading: Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup While he has confidence in the bullish significance of that zone, he outlined $0.16 as a strict cutoff below which he would exit a Dogecoin position, stating, “If in any case… you break below $0.16, you have to sell that token,” because a drop beneath that level could invalidate the entire bullish setup. His point was that continuing to hold an altcoin below such a critical support might expose traders to deeper losses if negative sentiment suddenly accelerates. He also backed up his argument by pointing to the so-called Fib golden pocket, measured from what he described as Dogecoin’s last major low in August 2024 to the subsequent price high. By overlapping that Fibonacci retracement with the same $0.24–$0.18 demand region, he found consistent evidence that the market views this band as pivotal for Dogecoin’s long-term structure. He described it as “exactly aligning with our top supply zone,” explaining that confluence like this—in combination with an oversold RSI reading—boosts the likelihood of a price rebound. Related Reading: Expert Predicts Dogecoin Price Recovery: Targeting New Heights Between $1.5 And $2 Although the analyst mentioned that Dogecoin’s “hype” factor has waned, he interpreted that lack of mainstream speculation as a positive sign, claiming “no one is selling Dogecoin like hyper aggressively,” which could foster stability in the near term. The sentiment, in his view, might shift sharply once traders realize that the coin has bottomed in its ABC correction, especially if broader market conditions turn more favorable. He concluded by reiterating the importance of watching these levels closely. He sees the $0.24–$0.18 corridor as a prime accumulation zone, views $0.16 as a clear stop-loss level in case the market breaks down, and believes Dogecoin’s price action around these thresholds will confirm whether the ABC correction is truly complete. Recalling his own words, “Dogecoin is looking very, very good and very, very discounted in this whole market,” he urged potential buyers to consider the coin’s risk-to-reward ratio at a time when other traders, anticipating the end of the so-called meme coin era, appear to be overlooking it. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month.  Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the first month of the year. Amid this price crash since the start of this month, historical data also points to a bearish outlook for DOGE throughout this month.  Related Reading: Dogecoin Price Prediction: Can DOGE Touch $1 This Cycle? Analyst Forecasts When You Should Buy And Sell Further data from CryptoRank shows that February is historically a bearish month for Dogecoin. The foremost meme coin has suffered a monthly average loss of 1% in February since it launched in 2013. DOGE has had only four monthly green closes in February over the last twelve years.  However, it is worth mentioning that Dogecoin has only once closed out February with a loss of over 20%, which was in 2014, when its price crashed by over 30%. As such, the meme coin could still witness a relief bounce, which could lessen the severity of the 23% price crash suffered since the start of this month.  Meanwhile, despite the historical data painting a bearish outlook for Dogecoin, crypto analysts have provided a bullish outlook for the meme coin. Crypto analyst Master Kenobi recently highlighted a similarity between DOGE’s current price action and that of the 2017 bull run. Based on the similarities, he predicted that Dogecoin could soon begin the next leg of its bull run, rallying above $1 and reaching a market peak sometime in April.  DOGE Can Still Reach $10 In This Cycle In an X post, crypto analyst Ali Martinez predicted that Dogecoin could still reach $10 in this market cycle. He stated that as long as DOGE holds above $0.19, the setup for a parabolic rally toward $10 remains strong. The analyst added that momentum is building for the foremost meme coin, indicating that it could soon begin the next leg of its bull run.  Crypto analyst Trader Tardigrade predicted that Dogecoin could at least reach $4.5. He stated that DOGE’s Average Directional Index (ADX) signals a potentially massive bull run on the horizon. The ADX measures trend strength by quantifying the degree of directional movement in price. Analyzing the weekly chart, the analyst asserted that a “super strong trend” could happen soon and will reach its peak in the coming weeks as the meme coin reaches $4.5.  Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension At the time of writing, the Dogecoin price is trading at around $0.25, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Popular meme-based cryptocurrency Dogecoin (DOGE) has just seen a dramatic downturn that makes investors wonder about its future course. Driven by market volatility of Bitcoin (BTC), DOGE’s value dropped by around 20% over the past week. DOGE currently trades at $0.2551; its market value is $38.09 billion and its trading volume is $3.42 billion. Related Reading: Shiba Inu Set For A 10-Fold Explosion? Analysts Predict 6,000% Surge Whale Accumulation Signals Investor Trust On-chain data shows that despite the current downturn, big investors—often referred to as “whales”—have grabbed the chance to amass significant amounts of DOGE. Whales have specifically accumulated 750 million units of the meme coin during this downturn. Usually preceding big price swings, this large accumulation shows a strong conviction in the long-term possibilities of Dogecoin. The current price of $0.25 is an ideal opportunity for investors who are ready to ride the wave of a possible recovery, according to some analysts, while others think DOGE may drop to about $0.17. Whales seized the opportunity during the recent dip, buying 750 million #Dogecoin $DOGE! This is a strong sign of confidence in the market! pic.twitter.com/LyjIuZCF15 — Ali (@ali_charts) February 6, 2025 Dogecoin: Historical Patterns Point To Potential Growth Analysts claim that Dogecoin’s current market sentiment is a reflection of its 2017 bull cycle. Alongside similar corrections during that period, there were impressive rallies that led to new all-time highs. If this historical pattern is accurate, DOGE may have reached its local low and is getting ready for a significant ascent. Technical indicators also reveal hints of buildup and possible trend reversals, therefore supporting this positive view. Market Sentiment And Future Outlook The possible comeback of DOGE depends much on the general attitude of the Bitcoin market. Should Bitcoin settle and the mood in the market changes, Dogecoin might be set for a significant increase. Recent whale growth and historical assessments support this idea. Investors are closely watching the market, expecting that DOGE will regain its previous high prices and possibly hit new records. Related Reading: Bold Prediction: XRP Holders On The Path To Millionaire Status—Analyst Temporary Hiccup For DOGE? Investors might worry about the recent drop in Dogecoin’s price, but there are other things to consider. Factors like large investors buying more, previous price patterns, and potential market stability indicate that this decline could lead to strong recovery. As usual, investors should be cautious and undertake thorough research before choosing what to buy. But a change in the general market vibe or higher demand could contradict the negative view, thus monitoring it price movement in the following few weeks is quite important for deciding its main direction. Featured image from Dogster, chart from TradingView

Dogecoin (DOGE) is gaining momentum as bullish pressure strengthens, positioning the price for a potential move toward the $0.2677 mark. After facing recent turbulence, buyers are stepping in to reclaim control, signaling a possible shift in market sentiment. This renewed push comes as Dogecoin finds stability above key support levels, allowing bulls to build upward pressure and challenge higher resistance zones. The growing optimism surrounding Dogecoin is driven by increasing trading volume and improved market conditions, which could fuel an extended rally. If the price continues to climb and breaks through critical resistance barriers, it may set the stage for further upside, reinforcing the bullish outlook. Analyzing DOGE’s Potential For Continued Bullish Growth Currently, Dogecoin is displaying steady bullish momentum as it gradually moves toward the $0.2677 mark. The price action suggests increasing buyer interest, with bulls attempting to sustain upward pressure after overcoming recent consolidation. If this trend continues, DOGE might build the strength to challenge key resistance levels ahead. Related Reading: Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Despite trading below the 4-hour SMA, DOGE’s price action shows signs of strengthening. With sustained positive movement, the meme coin may gather enough pressure to break through key resistance levels. A successful move above the SMA would confirm a trend shift, opening the door for more upside. Key technical indicators are reinforcing Dogecoin’s steady upward movement, with momentum oscillators signaling increasing strength. The Relative Strength Index (RSI) is approaching the 50% neutral mark, indicating a potential shift in sentiment as buying pressure builds. A move above this level would confirm growing bullish momentum, possibly driving the price higher. Additionally, if the RSI continues its ascent, it implies that Dogecoin is entering a more favorable zone for buyers, reducing the chances of an immediate pullback. When combined with rising trading volume and other indicators, such as a positive MACD crossover, these signals strengthen the case for more growth. Should momentum hold steady, Dogecoin could be on track for a breakout toward key resistance levels, paving the way for a more extended rally. Can Dogecoin Maintain Its Uptrend And Secure A Stronger Rally? If Dogecoin continues its upward momentum, the price could gain traction for a sustained rally. A break above the $0.2677 key resistance level would strengthen the bullish outlook, pushing DOGE toward higher targets such as $0.3066. Related Reading: Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup Furthermore, bulls maintaining their momentum and driving the price above the 4-hour SMA will see DOGE transitioning toward a positive direction. This move may pave the way for further gains, pushing the price to key resistance levels and extending the ongoing uptrend. However, for the uptrend to remain intact, DOGE must hold above critical support zones and maintain steady buying pressure. Should momentum weaken, a period of consolidation or a minor retracement might occur, causing a price drop to support levels such as $0.1800 before another breakout attempt. Featured image from Unsplash, chart from Tradingview.com

Bitcoin continued dominance has remained a defining feature of the current market cycle, with the leading crypto asset receiving most of the inflows into the market. At the time of writing, Bitcoin’s dominance over the entire market is at 60.3% after a 4% increase in the past 24 hours. Notably, crypto analyst Rekt Capital pointed to the 71% dominance level as an important threshold for crypto investors still awaiting an altcoin season. Reaching 71% Is Critical For An Altcoin Season The Bitcoin dominance chart, which tracks Bitcoin’s market capitalization in relation to the entire crypto market, has consistently risen throughout this cycle, even during periods of price corrections. Bitcoin’s dominance has been fueled by institutional demand after the introduction of Spot Bitcoin ETFs and market dynamics favoring BTC as a potential reserve for countries.  Related Reading: Altcoin Season Paused Forever? What The Rising Bitcoin Dominance Says Will Happen A direct consequence of this prolonged Bitcoin dominance has been the sluggish performance of the altcoin market. Although some altcoins like Solana and XRP have managed to outperform Bitcoin for brief periods, the capital has consistently rotated back into Bitcoin, preventing a sustained altcoin market breakout. However, some analysts believe a significant shift could be very close, with Bitcoin dominance now sitting at a multi-year high. One such analyst is an analyst known as Rekt Capital on social media platform X. His analysis reveals a historical pattern where altcoin seasons emerge whenever Bitcoin dominance reaches a key threshold and subsequently faces rejection. According to a Bitcoin dominance chart that accompanied his analysis, Bitcoin’s dominance has been rejected around the 71% level three successive times in the past. Interestingly, each rejection has been marked by Bitcoin’s dominance falling over multiple monthly candles, as altcoins outperformed Bitcoin throughout those months.  The most recent occurrence of this pattern was during the 2021 bull market. At the time, Bitcoin dominance briefly spiked above 72% before reversing course. Once rejected, it entered a five-month downtrend, ultimately stabilizing around the 40% level as altcoins took control of the market. Will 71% Trigger A New Altcoin Season? Although Bitcoin’s dominance is not at 71% yet, it is still steadily inching upward towards this level. Particularly, Bitcoin’s dominance is at 60.3%, and there are no signs of slowing down. This means that investors banking on a repeat of rejection around 71% might have to wait longer for the dominance to even reach this level. Related Reading: Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next If the 71% dominance level eventually becomes a local top again, historical patterns suggest altcoins could experience rapid gains. However, unlike in previous cycles, Ethereum may not take the lead in an altcoin season this time around. The leading altcoin has struggled to gain momentum this cycle as recent market dynamics have diminished its dominance in relation to other altcoins like XRP, Solana, and Dogecoin, which are witnessing more interest among crypto traders. Featured image from LinkedIn, chart from Tradingview.com

After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.  Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely.  Related Reading: Analyst Predicts Massive Breakout For BONK Price, Here’s The Target A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak.  This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter.  Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week.  Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound. Why Now Might Be A Good Time To Buy As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows.  Related Reading: Meme Coin Trader Says BONK Is Headed For New ATH, Here’s Why Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand. Featured image from LinkedIn, chart from Tradingview.com

Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins. Javon Marks, a well-known analyst on Elon Musk’s social media platform X, has shared his perspective on both SHIB and DOGE, offering insight into where these memecoins might be headed next. Related Reading: Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It? Shiba Inu On The Verge Of A Major Rally In his analysis of Shiba Inu, Marks highlighted several technical signals that could indicate a bullish continuation. He noted that SHIB has already broken out of a larger resistance trend, setting a potential target at $0.000081. Marks emphasized that recent price dips have been met with substantial buyer activity, creating a strong rejection of selling pressure. This, he suggested, could indicate that the market has enough support to shift sentiment back toward a bullish stance. Near 10X to $0.0001553 for $SHIB ????: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 According to Marks, these conditions could pave the way for SHIB to eventually reach a higher target of $0.0001553, a level that would represent a significant gain from its current price. In his words: With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run, making it much more likely for a break above the $0.000081 target to take place which would then welcome $0.0001553 into play! $0.0001553 is currently over 840% way Dogecoin Path Toward Higher Levels Turning his attention to Dogecoin, Marks outlined a similarly optimistic scenario. He pointed out that DOGE has shown a strong breakout response, with recent price action suggesting a potential climb to $0.6533. Marks also indicated that if DOGE were to surpass this level, it could set its sights on a higher target of $1.25111, representing a significant upward move from current levels. $DOGE (Dogecoin) to $0.6533 is looking like its only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely! A move above $0.6533 brings in play $1.25111 which is currently over 333% away… https://t.co/fAGPkw2n2F pic.twitter.com/RyUuojWxsh — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 Featured image created with DALL-E, Chart from TradingView

Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270. DOGE price started a recovery wave above the $0.2350 and $0.2420 levels. The price is trading below the $0.2780 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.260 and $0.270 resistance levels. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline from the $0.3450 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.300 and $0.250 support levels. It even spiked below $0.220. The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 50% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low. However, the bears are active near the $0.280 zone. Dogecoin price is now trading below the $0.270 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level. There is also a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.270 level. The next major resistance is near the $0.2850 level or the 61.8% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low. A close above the $0.2850 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.270 level, it could start another decline. Initial support on the downside is near the $0.2420 level. The next major support is near the $0.2250 level. The main support sits at $0.220. If there is a downside break below the $0.220 support, the price could decline further. In the stated case, the price might decline toward the $0.2020 level or even $0.200 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2420 and $0.2250. Major Resistance Levels – $0.2700 and $0.2850.

The Dogecoin price has recently experienced a notable correction, retracing 34% over the past month to settle at $0.259 as of Tuesday. This marks a substantial decline from its all-time high (ATH) of $0.731, reached in May 2021, putting it currently 64% below that peak.  Despite this downturn, many analysts remain optimistic about the market’s largest memecoin potential for recovery, suggesting that the Dogecoin price could see new highs as the bullish cycle progresses. Dogecoin Price May Reach Next Peak Around April  For instance, crypto analyst Dima Potts took to social media platform X (formerly Twitter) to share his insights on the movements of the Dogecoin price.  Potts indicated that the anticipated pullback has finally occurred and, assuming this pullback stabilizes, the market could be poised to target all-time highs ranging between $1.50 and $2.10.  Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion Nonetheless, Potts emphasized that this Dogecoin price range might act as a significant resistance level for the memecoin, similar to patterns seen in prior market cycles. In a more detailed analysis, Potts noted a historical correlation in the Dogecoin price cycles. He pointed out that the first cycle peaked 1,442 days after its initial high, experiencing a staggering increase of 21,821% from its low point.  The second cycle followed suit, reaching its peak another 1,442 days later, but with an even more dramatic rise of 54,890%. With the cryptocurrency now in its third cycle, Potts speculates that if historical patterns hold true, the Dogecoin price could reach its next peak around the week of April 14th. Analyst Envisions A 154,400% Surge For DOGE Potts is not alone in his bullish outlook. He posited that growing adoption, increasing institutional interest, and ongoing technological improvements could bolster the Dogecoin price performance, potentially allowing it to exceed previous highs.  Related Reading: Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War His analysis suggests that the memecoin could even reach unprecedented levels above $400 per token, translating to a massive surge of 154,400% in the coming months. However, not all analysts share this optimistic perspective. Technical analyst Grumlin has issued a cautionary note, predicting that the Dogecoin price may dip to the $0.02 level in the near term. This would mean a notable 92% crash for the memecoin Despite this short-term bearish outlook, Grumlin believes that a rebound from an ascending support line is likely, which could set the stage for a subsequent upward breakout. Currently, the memecoin is trading at $0.259, with losses of 21% and 27% on the seven-day and fourteen-day time frames, respectively. It remains to be seen which side will break first and how investors will react to each scenario. Featured image from DALL-E, chart from TradingView.com 

Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing.  However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically followed well-defined cycles, and multiple analysts have observed a consistent pattern across the cycles. Notably, Dogecoin is now in its third market cycle, and price dynamics in the current cycle have already shown different repetition signs from the two previous cycles.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes According to crypto analyst ÐOGECAPITAL (@DimaPotts36), Dogecoin’s price history has a striking cycle pattern that repeats approximately every 1,442 days. This pattern of 1,442 days is the average time taken for the Dogecoin price to reach its final peak of each cycle when counting from the bear market low.  The first cycle, which spanned between 2013 and 2018, saw DOGE rally by 21,821% from its cycle low to its peak. Back then, Dogecoin was trading for a minuscule price around $0.00009, but it eventually surged to break above $0.01 for the first time. At that time, Dogecoin was still regarded as little more than a joke coin, with only speculative trading from early investors driving its price action.  The bear market low was recorded at $0.00125, but as the crypto market entered a euphoric bull phase in 2021, Dogecoin became one of the biggest winners of the meme coin craze, as it went on a 54,890% increase from its cycle low. The meme coin craze allowed Dogecoin to gain prominence among retail traders during this period, which eventually pushed its price to the current all-time high of $0.7316. With the third cycle now in motion, crypto analyst ÐOGECAPITAL noted that it might take the same 1,422 days for Dogecoin to reach a new peak. Timeline For New Dogecoin Price Peak Dogecoin’s current market cycle began immediately after its all-time high in 2021, after which the meme coin entered a prolonged bear market. The price low for this cycle was registered sometime in 2022 when Dogecoin corrected to as low as $0.055. Related Reading: Dogecoin Still In Play As Price Gears Up For Another 600% Run Above $2 A repeat of the 1442-day cycle means that Dogecoin will reach its market peak on April 14, 2025. In terms of a price target, the predicted target is around $10, which would translate to an 18,000% increase from the 2022 bear market low. Although this percentage gain is notably smaller than the 54,890% rally seen during Dogecoin’s 2021 cycle, the capital required to create such an increase is significantly higher due to the cryptocurrency’s market cap. At the time of writing, Dogecoin is trading at $0.2669 and is up by 1.1% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Memecoins have been the leading narrative of the cycle after surpassing all expectations and becoming the top-performing sector of 2024. As we navigate 2025’s crypto market, emerging sectors like Artificial Intelligence (AI) agents could rival memecoins’ narrative mindshare. Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Memecoins Defined 2024’s Crypto Market On Tuesday, Binance Research shared its “Full-Year 2024 & Themes for 2025” report, crowning memecoins as the “Defining Narrative of 2024. The platform highlighted the sector’s outstanding performance last year, which drove significant attention to the crypto market. According to the report, memecoins played a “significant role in onboarding new users to the crypto space and offer a unique way to monetize attention in the social media era.” Additionally, the notion of “so-called ‘blue-chip’ memes” served as a testament to the “growth and diversity of the memecoin market and its structure,” the report noted. The crypto community saw the creation of various sub-sectors within the memecoin space, encapsulating the events that shaped the year. For instance, PolitiFi tokens, which rose amid the American electoral campaign, recorded the many changes in the political landscape through these tokens. This narrative eventually led to the launch of the Solana-based TRUMP memecoin, the first-ever token officially backed by a politician. The memecoin was created in January to “celebrate Courage & Strength” after the July 2024 assassination attempt on President Trump. Binance Research points out that memecoins meteoric rise could be attributed to various factors, including increased transparency and a perception of fairness, accessibility, and addressing users’ frustration with the “low float, high FDV” issue. Additionally, it noted the sector’s high-risk, high-reward nature appears to have fulfilled the industry’s search for the first crypto AAA game. The report argues that the “thrill of creating memecoins of the smallest moments in cultures” trade them into “sky-high valuations” could be perceived as a game, keeping the community invested in the sector and increasing its popularity. AI Agents: The Growing Narrative Second to memecoins, the AI crypto sector took 12.6% of the narrative mindshare in 2024, opening the stage for the market’s “newer fascination,” AI Agents. This sub-sector captured investors’ attention throughout Q3 2024, fueled by Truth Terminal and GOAT’s growing popularity, and became a leading narrative in recent months. AI agents, initially sparked by Truth Terminal and $GOAT, have captured the market since October and become a dominant narrative. Infrastructure providers like Virtuals Protocol (G.A.M.E. framework) and ai16z (ElizaOS framework) have been key players. The sector has also faced backlash from the crypto community. Some investors consider the new trend “worse than other past trends,” arguing that it is “overrated.” Similarly, an anonymous poll showed that Solana founders consider AI agent tokens to be overhyped. Nonetheless, it has continuously evolved and has “lots more in development.” As of this writing, the sector has a market capitalization of $7.84 billion, according to CoinGecko data. What’s Next? Binance Research pointed out the issue of memecoin longevity, as many of the tokens see a rapid rise and fall. It considers that, despite not all tokens having the level of popularity to stand the test of time, memecoins are “likely to have some staying power” in some form. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Meanwhile, AI Agents are significantly earlier in their development but share the “power to onboard users (AI is a key topic across business and finance) and monetize attention.” As a result, the growth of the “AI x crypto” intersection is almost certain. The report concludes that the “entry of web2 into AI Agents, and the rapid development and anticipated trajectory of AI x crypto” are some of the key areas to watch this year. Featured Image from Unsplash.com, Chart from TradingView.com

The publicly traded company plans on accumulating other cryptocurrencies through its Sygnum credit line..

Dogecoin is beginning to regain momentum after a sharp drop in the early hours of January 3, a move that liquidated many traders who had been betting on continued upside. This decline wasn’t just another pullback, as it marked the most significant Dogecoin price drop in six months. As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery gains traction will largely depend on Bitcoin’s next move, as broader market sentiment continues to shape Dogecoin’s trajectory. Dogecoin Completes Second Major Correction, Echoing Past Bull Cycles As noted by crypto analyst Kevin, Dogecoin’s recent drop was its second major pullback this cycle. Furthermore, the recent pullback closely resembles corrections seen in the previous cycle before Dogecoin eventually shot up to reach its all-time high.  Related Reading: Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash The recent drop saw Dogecoin reach a bottom of $0.2237 yesterday after a 32% fall from $0.329 just 24 hours earlier. Interestingly, this drop meant Dogecoin had corrected by about 58% from its $0.49 in December 2024. As pointed out by the analyst, this looks much like a similar playout in early 2021, when Dogecoin retraced by about 56.8% on its upward move. Both instances were the second major pullback in their respective cycles, and if the pattern holds like the first cycle, the latest dip may have set the stage for the next leg higher for Dogecoin to finally break above $1. Will DOGE Rally To $1 Soon? Bitcoin’s Influence Is Key Dogecoin’s road to $1 is still intact, but the timing of the next surge depends on a few factors and breaks above multiple resistance levels. One of the most notable factors is Bitcoin’s dominance in the crypto market. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 As Kevin pointed out, Dogecoin’s ability to resume its uptrend hinges largely on Bitcoin’s performance. The broader crypto market often follows Bitcoin’s lead, and if it maintains bullish momentum, the meme coin could soon follow suit. On the other hand, a fall or continued consolidation of the Bitcoin price could lead to a similar move for Dogecoin, as highlighted by Bitcoin’s break below $93,000 yesterday.  At the time of writing, DOGE is trading at $0.2593 and is starting to push steadily upwards after bouncing off at $0.223. The key area for bulls to reclaim is $0.33, which has acted as strong resistance since January. A break above this level could signal renewed bullish momentum, potentially setting up Dogecoin for a steady climb toward $0.4 and then $0.5. Bitcoin also needs to register a notable break above $100,000. Featured image from Adobe Stock, chart from Tradingview.com

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The crypto trenches were lined with disappointment as Trump’s tariffs nuked the charts. Can Dogecoin and other meme coins withstand a full-blown trade war?

In a dramatic reversal, Dogecoin (DOGE) plunged from around $0.34 as low as $0.20, wiping out nearly 40% of its value before finding tentative stability near $0.25 at press time. However, crypto analyst “Coosh” Alemzadeh (@AlemzadehC) maintains a bullish long-term outlook, sharing a weekly chart of DOGE/USD and remarking, “DOGE: Looking really good here,” despite the recent turmoil. Why Dogecoin Is Still Looking Bullish The unexpected news of new tariffs by the Trump administration on major trading partners like China, Mexico, and Canada on Friday has sent shockwaves across financial markets, including cryptocurrencies. The news has led to a broad sell-off in risk assets, with Dogecoin, known for its high volatility, being particularly affected. The fear of an escalating trade war has dampened investor confidence, pushing many to liquidate their positions in cryptocurrencies. Related Reading: Dogecoin May Face An ‘Ugly’ Drop Before The Weekend, Analyst Warns Following the tariff announcement, Dogecoin saw an immediate and significant drop, within hours of the news breaking. Over the weekend, the crypto market crash extended as part of a larger market reaction, where major altcoins like XRP and Cardano also experienced double-digit percentage losses. The entire crypto market wiped over $2.2 billion in crypto liquidations. Alemzadeh chart, drawn on the weekly timeframe, shows DOGE’s price initially breaking above a descending red trendline in October. That line has acted as a key resistance zone stretching back to previous local highs, and the ensuing retreat has brought the market right below the trendline again. In parallel, Dogecoin is still positioned above its 30-week moving average (30w), which is plotted as a pink-dotted curve and currently sits around the $0.20–$0.22 range. Analysts often regard weekly closes above this average as a sign of underlying strength, suggesting that DOGE may yet hold onto its bullish structure if the market steadies above that threshold. The chart also highlights a series of Fibonacci retracement and extension levels, each offering insight into potential support and resistance. At the forefront is the 0.618 Fibonacci retracement around $0.2667, a critical region that the price now hovers around. This level often draws the attention of traders looking to identify whether the market is in a standard pullback or has begun a deeper correction. Related Reading: Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead? Next up sits the 0.786 retracement near $0.3467. Beyond that, full retracement around $0.4843 marks a more distant objective should DOGE reclaim its bullish momentum. Even loftier extensions, indicated on Alemzadeh’s chart at $1.27 (1.618) and $2.30 (2.0), serve as hypothetical targets if the token achieves a major breakout. An additional element is the Elliott Wave labeling, depicting what appears to be waves “1, 2, 3,” followed by the current dip marked as wave “4” near $0.26. In traditional Elliott Wave theory, wave four commonly retraces into the 0.236–0.618 zone of the previous wave, so the present price action touching the 0.618 Fibonacci point fits well with that pattern. Should DOGE confirm wave four support, the next phase—wave five—could drive the market back above former highs with the main targets being $1.27 and $2.30 if bullish sentiment returns. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day. Notably, this wave of liquidations has led to over $2.22222 billion being wiped from cryptocurrencies in the past 24 hours.  According to Coinglass data, Dogecoin traders have witnessed significant losses, with numbers placing the meme coin among the hardest-hit assets in this liquidation event. Dogecoin Traders Lose Over $82 Million In 24 Hours Data from Coinglass reveals that Dogecoin liquidations have been among the most severe in the market over the past 24 hours, as leveraged positions crumbled under the weight of rapid price swings. A closer look at the data shows that the vast majority of these liquidations stemmed from long positions, with bullish traders suffering losses amounting to $69.32 million. These traders, mostly expecting a rally this week or at least a stable market, were caught off guard as Dogecoin’s price took a sharp turn downward alongside the rest of the market, forcing liquidations and cascading losses.  Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash Interestingly, despite the broader trend leaning toward a price decline, short sellers were not spared from the liquidation frenzy. Data shows that $13.35 million worth of short positions were liquidated, suggesting that brief price spikes occurred during the general downtrend. These momentary surges may have triggered stop losses for some short traders, leading to forced liquidations even as the overall trajectory remained bearish.  Market-Wide Liquidations Top $2.22 Billion Amid High Volatility The cryptocurrency market has kicked off the new week on a bearish note following a period of consolidation throughout the previous week. Bitcoin, which had maintained relative stability, saw a sharp decline as the weekend came to a close, breaking below the $100,000 mark on Sunday and continued to extend the downside move from there. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Bitcoin’s decline triggered a broader market sell-off, with several major cryptocurrencies following suit. At the time of writing, the global crypto market cap has dropped by approximately 11% over the past 24 hours and is now at $3 trillion, its lowest level since November 15, 2024. As such, the broader cryptocurrency market has experienced a brutal shakeout in the past 24 hours, with liquidations surpassing $2.22 billion.  Bitcoin and Ethereum traders have taken the biggest hits in this liquidation spree. Bitcoin alone has recorded over $406.96 million in liquidated positions, with the majority being long trades of $341.36 million in the past 24 hours. However, Ethereum traders have experienced the heaviest liquidations, with $601 million in positions wiped out. With Dogecoin experiencing $82.67 million in liquidations, the aftermath of this sell-off could set the stage for increased volatility alongside other cryptocurrencies in the short term. At the time of writing, Dogecoin is trading at $0.235, down by 22.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270. DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels. The price is trading below the $0.280 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.250 and $0.270 resistance levels. Dogecoin Price Dives 30% Dogecoin price started a fresh decline from the $0.3250 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.300 and $0.2750 support levels. It even spiked below $0.220. The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low. Dogecoin price is now trading above the $0.280 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.250 level. The first major resistance for the bulls could be near the $0.260 level. The next major resistance is near the $0.270 level or the 50% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low. There is also a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE/USD pair. A close above the $0.270 resistance might send the price toward the $0.2880 resistance. Any more gains might send the price toward the $0.30 level. The next major stop for the bulls might be $0.320. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.250 level, it could start another decline. Initial support on the downside is near the $0.2250 level. The next major support is near the $0.2150 level. The main support sits at $0.20. If there is a downside break below the $0.20 support, the price could decline further. In the stated case, the price might decline toward the $0.1880 level or even $0.1650 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 – $0.2250 and $0.2150. Major Resistance Levels – $0.2500 and $0.2700.

Dogecoin (DOGE) has enjoyed extra attention from investors, especially since Donald Trump took office and put Elon Musk in charge of D.O.G.E. — an acronym for Department of Government Efficiency. However, this interesting relationship is not particularly reflected in the price of the meme token. In fact, the meme coin market has been reeling from the liquidity-gulping effect of the TRUMP token and other political tokens that followed its launch. According to data from CoinGecko, the meme market cap stands at around $93.5 billion, reflecting an almost 10% decline in the past day. Is A 35% Decline On The Horizon For DOGE? In a recent post on the X platform, prominent crypto analyst Ali Martinez revealed that two of the biggest meme tokens, Dogecoin and Pepe, are showing a high degree of correlation. The crypto pundit noted that the Dogecoin price appears to be mirroring the price of PEPE. Related Reading: Crypto Analyst Predicts XRP Price Could Touch $15 Easily If This Happens It is not unusual for two tokens to follow a similar price trajectory, especially if they fall into the same market category (as seen with Dogecoin and Pepe). While there is no guarantee that the DOGE price is mirroring PEPE’s price, this seeming correlation could provide insight into the future trajectory of the former. According to Martinez, a deep correction could be on the cards for the price of Dogecoin if it is truly following PEPE. This bearish forecast is based on the breach of a key support level around $0.000017 by the Pepe price towards the end of February. The price of PEPE witnessed a sharp decline to around $0.000011 (an over 35% drop) after breaking this crucial support. This support zone lies around the $0.31 mark on the Dogecoin chart and has provided a cushion for the DOGE price multiple times in the past. However, Dogecoin could see its price fall to around the $0.2 mark if a similar price pattern plays out on its four-hour chart. With no major support around this area to cushion this downturn, the DOGE price could potentially suffer an even worse decline. Dogecoin Price Overview As of this writing, the price of DOGE stands at around $0.305, reflecting an over 3% fall in the last 24 hours. This single-day performance emphasizes the meme coin’s struggles in recent weeks, with nearly a 12% decline in the past seven days. Related Reading: Is The Crypto Market ‘Satiated’ For Now? Analysts Say Bitcoin Will Continue Sideways Move After reaching a local high of $0.46 in early December, the price of Dogecoin witnessed a downturn to around $0.26 in less than three weeks. However, the meme token has been moving mostly sideways, hovering around the $0.35 region. Featured image from iStock, chart from TradingView

Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month. Double Bottom Pattern: A Bullish Setup For Dogecoin Dogecoin’s price action has been marred by a decline in the past seven days. This notable price decline has seen DOGE retesting the $0.3 price level again with threats of breaking to the downside. It has only been two days into February, and the Dogecoin price has already declined by about 7% from its monthly open. Despite this, technical analysis shows that DOGE might actually outperform all other cryptocurrencies this month. Related Reading: Third Dogecoin ETF Filing Goes Live From Grayscale – Is DOGE Gearing Up For Rally To $1? The positive outlook for Dogecoin was revealed through an interesting analysis by crypto analyst Trader Tardigrade. What makes this analysis particularly intriguing is that it not only examines Dogecoin’s price action in isolation but also considers its performance against Bitcoin. Trader Tardigrade highlighted the formation of a double bottom neckline on the DOGE/BTC chart, suggesting that Dogecoin has established a strong base for a potential breakout. The double bottom is a bullish setup that signifies a reversal from a downtrend to an uptrend and indicates a strong support level at the double bottom point. In the case of the DOGE/BTC pair, this double bottom has formed the monthly candlestick timeframe. Trader Tardigrade compared this structure to Dogecoin’s price behavior in March 2021, when a similar setup preceded an explosive rally. During that cycle, Dogecoin gained substantial momentum against Bitcoin, printing a massive green candle in April after securing strong support at the neckline.  If history repeats itself, Dogecoin could be on the verge of another impressive surge, potentially outshining other cryptocurrencies in the market this month. According to Trader Tardigrade’s projection, this could see the DOGE/BTC pair trading at $0.00002200 by the end of February. If Bitcoin were to keep trading at its current average price of $100,000, this would put the Dogecoin price around $2.2 by the end of the month. Image From X: Trader Tardigrade Bullish Divergence On Daily RSI Hints At Momentum Shift Beyond the monthly chart setup, Trader Tardigrade also pointed to a bullish divergence forming on Dogecoin’s daily Relative Strength Index (RSI). In his analysis, he noted that while DOGE has created a new lower price, the RSI has printed a higher low. This divergence signals a potential shift in momentum, indicating that selling pressure may be fading and an uptrend could be in the making. RSI divergences often precede trend reversals, and in Dogecoin’s case, the higher low on the RSI suggests buyers could regain control very soon despite recent price declines.  Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week Speaking of price declines, Dogecoin has been down by 6.7% and 14.3% in the past 24 hours, respectively. At the time of writing, Dogecoin was trading at $0.2922.  Featured image from Getty Images, chart from TradingView