Dogecoin started a fresh increase and climbed above the $0.2320 zone against the US Dollar. DOGE is now correcting gains and approaching $0.2180. DOGE price started a fresh increase above the $0.220 and $0.230 levels. The price is trading just below the $0.2250 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.220 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.230 resistance zone. Dogecoin Price Faces Rejection Dogecoin price started a fresh increase after it found support near $0.2110, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.220 resistance zone. The bulls even pushed the price above the $0.2320 resistance zone. However, the bears were active near the $0.2380 level. A high was formed at $0.2378 and the price reacted lower. There was a move below the 50% Fib retracement level of the upward move from the $0.2109 swing low to the $0.2370 high. Dogecoin price is now trading just below the $0.2250 level and the 100-hourly simple moving average. However, there is a connecting bullish trend line forming with support at $0.220 on the hourly chart of the DOGE/USD pair. DOGE Immediate resistance on the upside is near the $0.2250 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2380 level. A close above the $0.2380 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2720 level. The next major stop for the bulls might be $0.2850. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2320 level, it could start another decline. Initial support on the downside is near the $0.220 level. The next major support is near the $0.2170 level and the 76.4% Fib retracement level of the upward move from the $0.2109 swing low to the $0.2370 high. The main support sits at $0.2120. If there is a downside break below the $0.2120 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1880 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 – $0.220 and $0.2120. Major Resistance Levels – $0.2320 and $0.2380.
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to RLinda’s analysis, Dogecoin’s distribution phase between May 9 and 11 ended in the $0.2600 range, eventually marking the end of its latest bullish impulse. During this distribution phase, Dogecoin squandered all the potential it had accumulated in late April and early May. From that point, the price has been falling steadily, entering what the analyst describes as the correction or dump phase. This has caused the meme coin to test the 0.214 level, the current panic zone. A confirmed breakdown below this panic zone, particularly beneath the 0.2135 support line, would not only liquidate long positions but also likely intensify selling pressure, eventually leading to what could become an uncontrolled price decline. Interestingly, this correction price action has been characterized by lower highs, leading to the formation of a triangle pattern that’s visible on the 2-hour timeframe. RLinda warned that if the triangle’s base is broken, this structural failure could reinforce bearish sentiment. This would open the door to downside targets closer to $0.20 and possibly even $0.19. Dogecoin Resistance And Support Levels To Watch The immediate resistance lies at $0.222 and $0.2307, representing key zones Dogecoin must reclaim to negate the current bearish setup. A move above these points, especially if the price consolidates above $0.23, will invalidate the bearish breakdown structure and could renew bullish sentiment. However, RLinda made it clear that such a scenario is only worth considering after a clear confirmation, as current momentum still favors sellers. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? On the other hand, support levels of $0.2145 and $0.2135 are currently the final shields holding back further declines. A close below $0.2135 would confirm the continuation of the downtrend and push the Dogecoin price into a lower consolidation zone, with limited immediate support until $0.20126 and $0.19298. At the time of writing, Dogecoin is trading at $0.22, up 1.72% over the past 24 hours. This slight recovery hints at early signs of strength and may already be undermining the bearish setup. Although this slight recovery is not enough on its own to confirm a bullish reversal, it does show that buyers are attempting to regain some control. If this momentum can be sustained into the new week, it could gradually pave the way for a more sustained move higher for Dogecoin during the week. Featured image from Mashable, chart from TradingView
The meme coin shows resilience at $0.212 level despite 4.3% price swings, suggesting potential upside momentum.
Dogecoin (DOGE) has shown a steady performance in recent weeks, which is in line with the broader rally across the cryptocurrency market. Over the past two weeks, DOGE has risen by more than 25%, pushing its price as high as $0.24. Despite this growth, the asset experienced a slight pullback in the past 24 hours, retreating by 0.3% to $0.22 at the time of writing. The latest movements mark a period of renewed interest in the asset, particularly from retail traders. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target Dogecoin Retail Activity and Sentiment Indicators One of CryptoQuant’s contributors, Burak Kesmeci, recently shared new insights into DOGE’s futures market activity. In a post titled “Too Many Retail Traders? DOGE Futures Show Repeated Peak Patterns”, Kesmeci pointed to the potential influence of speculative trading behavior. His analysis highlights that previous peaks in Dogecoin’s price have often coincided with a sharp increase in retail participation in futures markets, raising questions about the sustainability of such rallies. Kesmeci’s analysis centers around a visual metric that tracks trading activity from retail investors within DOGE futures markets. In this chart, red bubbles mark moments when retail trading spikes significantly. These periods, according to the analyst, have historically aligned with local price tops, suggesting that elevated speculative behavior often precedes short-term corrections. On the other hand, green and pink bubbles, representing periods of reduced retail activity, have typically aligned with more stable or neutral price phases. The underlying interpretation is that when DOGE futures markets become saturated with retail participants, the likelihood of momentum exhaustion increases. For traders, these retail spikes may serve as potential warning signals of short-term reversals. As Kesmeci notes, this data can be used in conjunction with other technical and on-chain metrics to build a more comprehensive view of market sentiment, especially in volatile assets like Dogecoin. The analysis supports a more cautious approach where retail enthusiasm dominates trading volumes. Technical Forecast Suggests Possible Rally Continuation While futures data indicates caution around potential retail-driven tops, other technical perspectives suggest the possibility of further upside. Crypto analyst Javon Marks recently shared an outlook indicating that DOGE may be positioned for a continuation toward a new all-time high. Related Reading: Where’s Next Major Dogecoin Resistance? On-Chain Data Points To This According to Marks, the asset has confirmed a major bullish signal on its chart, suggesting that another leg of upward momentum may already be in play. He projects that the next major target lies nearly 200% above current price levels. $DOGE RECOVERING HEAVILY AND HAS CONFIRMED A MAJOR CONTINUATION SIGNAL ????! Next leg towards All Time Highs can be in-effect and with those levels nearly +200% away, it could be HUGE! https://t.co/5H1HkZG5Hn pic.twitter.com/whi0lxqDM2 — JAVON⚡️MARKS (@JavonTM1) May 13, 2025 Featured image created with DALL-E, Chart from TradingView
Dogecoin (DOGE) is up 48.7% over the past month, as the broader crypto market rallies amid easing concerns over a potential global tariff war. Although the leading memecoin has posted impressive gains recently, analysts believe there may still be room for DOGE to climb before reaching a cycle top. Analyst Identifies Signal That May Predict Dogecoin Top According to a recent CryptoQuant Quicktake post by contributor burakkemeci, DOGE price tops often align with a surge in retail futures trading activity. The analyst shared the following chart illustrating the relationship between DOGE price peaks and periods of heightened high-frequency futures trading by retail investors. The above chart features red bubbles that mark periods of excessive retail trading activity in the DOGE futures market. These bubbles consistently appear near major price peaks, suggesting the market may be overheating during those phases. Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching In contrast, green and pink bubbles on the chart represent periods with lower retail participation. These phases typically coincide with more stable or “healthier” market conditions, which could offer better entry points for new investors. The analyst emphasized that monitoring these red bubbles may help both traders and investors anticipate potential short-term tops in DOGE. Spikes in retail participation often reflect heightened market greed – frequently a precursor to sharp price corrections. At present, Dogecoin futures activity appears to be in a neutral zone, indicating that the asset may still have room to grow before nearing an overheated state. This view is echoed by crypto analyst Anup Dhungana. In a recent post on X, Dhungana shared the following weekly DOGE chart showing a breakout from a long-term falling wedge pattern – a bullish technical setup that often precedes price rallies. Based on this breakout, the analyst forecasts that DOGE could reach $1 in the current market cycle. All Eyes On $1 DOGE The $1 price target has long been a symbolic milestone for Dogecoin enthusiasts. During the 2021 bull run, DOGE reached an all-time high (ATH) of $0.73 but ultimately fell short of the coveted $1 mark. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target This time, however, several analysts believe that Dogecoin could finally hit the $1 milestone. Noted crypto analyst Kevin recently pointed to $1.10–$1.25 as a plausible target, based on Fibonacci retracement levels. However, seasoned market watcher Ali Martinez cautioned that DOGE must first overcome a significant resistance level at $0.36 to sustain its bullish momentum. At press time, DOGE trades at $0.22, up 1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Dogecoin is back in the spotlight after surging more than 50% in recent weeks, reclaiming bullish momentum across key timeframes. The meme-inspired cryptocurrency is now facing a critical demand zone, where bulls must hold the line to confirm the potential for continued upside. With market sentiment shifting in favor of risk-on assets, DOGE has emerged once again as one of the leading altcoins, capturing investor attention. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive – Details Despite the sharp gains, the rally may just be getting started, especially if on-chain trends are any indication. According to new data from Santiment, whales have accumulated massive amounts of DOGE in the past month. This wave of large-holder accumulation suggests growing confidence among experienced investors and may serve as fuel for another leg up. However, the current levels must act as a launchpad, not a ceiling. If bulls can maintain control and defend local support, a breakout toward previous highs could follow. But if demand begins to weaken, DOGE may enter a consolidation phase before its next big move. For now, all eyes are on how price behaves in this zone of heavy accumulation. One thing is clear: whales are positioning for something. Dogecoin Whale Activity Signals Potential Recovery After months of decline and market-wide fear, Dogecoin is finally showing signs of strength. The meme-coin, long criticized for its volatility, has begun to recover from its recent lows, gaining over 50% in the past few weeks. While DOGE remains more than 50% below its December 2024 high, the latest price action suggests a meaningful shift in momentum may be underway. The overall market backdrop remains uncertain. Weakening macroeconomic data, ranging from slowing GDP growth to shaky consumer sentiment, continue to cast a shadow over risk assets. For now, traders are treading carefully, especially in speculative altcoins like Dogecoin. Still, if DOGE can maintain support above its current levels, analysts believe the recovery could extend into a broader rally. Adding to the bullish narrative, top analyst Ali Martinez shared on-chain data showing that whales have accumulated over 1 billion DOGE in the past month. This buying activity—often seen as a leading indicator of future moves—suggests that large holders are confident in Dogecoin’s upside potential. It also marks a significant reversal from prior trends of outflows and distribution. If the current support holds, and whale accumulation continues, Dogecoin could be gearing up for another explosive move. While caution remains warranted in the short term, especially if macro conditions worsen, the long-term outlook is strengthening as fundamentals and sentiment slowly begin to align. For now, all eyes are on whether the meme-coin can hold its ground and break through resistance levels that once marked the top of its previous cycles. Related Reading: Ethereum Eyes $2.4K Retest – Analyst Sets Key Levels To Watch Price Analysis: Consolidation After Rally Dogecoin is currently consolidating after a sharp rally that took the price from below $0.17 to nearly $0.26 in early May. As shown in the 4-hour chart, DOGE has pulled back to the $0.22–$0.23 zone, where it’s attempting to form a local base. This area aligns with the previous breakout structure and sits slightly above the 200 EMA ($0.195) and 200 SMA ($0.183), both of which are now sloping upward, confirming trend support. Volume surged during the breakout, indicating strong interest, but has since declined, suggesting that bulls are pausing to reassess before another potential leg up. The structure now shows a range forming between $0.22 and $0.24, with $0.24 acting as short-term resistance. A break above this level could lead to a retest of the $0.26 high and potentially open the door to $0.28. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details However, if DOGE loses the $0.22 level, the next support lies around the 200 EMA. A deeper pullback to the $0.20–$0.195 range would still be considered healthy within the broader uptrend, but any close below the 200 SMA would weaken the bullish outlook. Featured image from Dall-E, chart from TradingView
Dogecoin’s rally of more than 78% in the last 38 days appears to be more than a fleeting spark, according to two independent studies published on X by chartists Bluntz (@Bluntz_Capital) and TSG (@tsg0x). Both analysts point to classical continuation structures that remain intact after DOGE peaked at $0.2597 on Sunday. While profit-taking has set in, they agree that the next objective lies in the mid-$0.30s. Bluntz’ twelve-hour Binance chart maps out an almost textbook inverse head-and-shoulders that evolved in late-February and was confirmed in early May. The left shoulder was stamped out in mid-March around $0.142, the head was carved at ~$0.129 in the first week of April, and the right shoulder completed at the start of May at $0.164. A descending neckline that had capped price since over the past two months intersected around $0.20; that barrier gave way last week on the heaviest twelve-hour volume cluster since February of 2025 so far, a key confirmation that the breakout is powered by real participation rather than thin-order-book volatility. Related Reading: Dogecoin Chart ‘Looks Perfect’: Analyst Targets $1.10–$1.25 Zone Subsequent candles carried DOGE almost to $0.26 before a modest pullback to $0.217 set in. Momentum remains constructive: the RSI, which briefly tagged the oversold area on the breakout, has cooled to the low-60s, suggesting that overbought conditions have been reset without surrendering bullish structure. The measured-move rule for an inverse head-and-shoulders—neckline to head depth of roughly eight cents—projects an initial destination in the $0.26-$0.28 region, in line with the hand-drawn arrow on Bluntz’ chart that shoots into the low-$0.30s. TSG zooms into the four-hour timeframe and observes the same impulse consolidating within a descending parallel channel spanning $0.22–$0.26, a classic bull flag. On a breakout, he assigns a precise target of $0.32928. Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching He buttresses this outlook with a time projection, an arrow that anticipates the next decisive move within the coming days. If the flag fails, invalidation arrives on a four-hour close beneath the lower channel boundary near $0.20; below that, a cyan demand block between roughly $0.16 and $0.21 aligns with the rising trend-line that has underpinned price action since early April, offering bulls a secondary zone to reload. Taken together, the two studies sketch an aligned roadmap. If Dogecoin holds above the $0.20 area, the next price target could be the $0.32 region. At press time, Dogecoin changed hands near $0.228, hovering near the breakout line of the descending trend channel which originated in December last year and dominated price actions since then. Notably, the midline of this channel is also situated just below $0.20, reinforcing the importance of this level for a continuation of the bullish impulse. Featured image created with DALL.E, chart from TradingView.com
Dogecoin’s price swung sharply higher last week, jumping from under $0.169 on May 8 to just over $0.248 by May 12. That’s a 35% gain in seven days. Traders and investors are watching closely, as some charts and on‑chain data point to more upside ahead. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Breakout Above Long‑Term Barrier According to chart watchers on X, Dogecoin cleared a descending trendline that’s been capping gains since January 2025. That line had knocked back rallies around $0.43, $0.19 and $0.16. Now, with prices trading above it, some see a fresh floor under DOGE’s price action. Ichimoku Cloud Turns Support Based on data, the Ichimoku cloud has flipped bullish. After the price moved above the cloud, the green span settled above the red. For many traders, that shift turns what was once resistance into a cushion for future climbs. Fibonacci Levels Point Higher Analysts have also plotted Fibonacci extensions on the recent move. The 1.619 level sits at $0.69 and the 2.0 level at $0.81. If Dogecoin follows that path, these lines could mark key stopovers on the road up. $DOGE 1D – The technical fib target for Dogecoin is the green box above with this daily breakout occuring. I’m calling for $1 $DOGE because I think it will extend higher to that psych level. All of this happens by the end of summer, imo. pic.twitter.com/V3rvmre1HR — Chris (@StonkChris) May 13, 2025 Forecast Puts $1 Within Reach One independent analyst has mapped out a timeline pushing DOGE to $1 by the “end of summer” this year. That would require a whopping 320% rise from its current $0.2317 price. If it happens, market value could swell to almost $150 billion, up from roughly $34.5 billion today. DOGE’s market cap rose 3.4% over the past 24 hours alone. Network Activity Ramps Up On‑chain figures back the buzz. New addresses have climbed over 100% in a week, active wallets are up 110%, and zero‑balance addresses jumped 154%. Those moves hint at growing retail interest and wider engagement beyond quick trades. Futures Traders Stay Busy Meanwhile, futures open interest on Dogecoin has surged from $989 million to $1.62 billion. That’s a strong shift compared to mid‑February through April, when futures heat and DOGE’s price rose and fell together. Now, open interest keeps climbing despite a pullback from $0.25 to around $0.22. Related Reading: Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion Other Voices Eyeing $1 Mark Studies last year showed that Dogecoin could hit $1 and push its market cap near $100 billion in 2025. Another market watcher has tracked a cup‑and‑handle pattern forming since 2021, and uses it to project a $0.80 price target. What This Means For Traders Momentum is clearly building, but history warns against getting too carried away. Trendlines can be broken on low volume and bounce back into place. Fibonacci levels offer guidance, not guarantees. And on‑chain spikes sometimes come from short‑term bots or wash trading. That said, a clear move above these technical hurdles could open the door to bigger swings. Risk management remains crucial. Featured image from Unsplash, chart from TradingView
Major tokens slip as traders lock in gains following macro-fueled surge, with market focus shifting to upcoming events.
On-chain data suggests this upcoming Dogecoin level could prove to be a resistance wall based on the investor cost basis distribution. A Large Amount Of Dogecoin Was Last Purchased At $0.36 In a new post on X, analyst Ali Martinez has talked about Dogecoin levels that appear significant on the UTXO Realized Price Distribution (URPD) of the memecoin. The “URPD” refers to an on-chain indicator that basically tells us about how much of the asset’s supply was last purchased at which price levels. The metric determines this cost basis for each token by checking its transaction history to see its last transfer price. Related Reading: Dogecoin Open Interest Up Despite Price Pullback, Data Shows Here is the chart shared by the analyst that shows the latest URPD data for Dogecoin: As displayed in the above graph, there are no levels immediately nearby to the current Dogecoin price that hold the break-even mark of a significant portion of the supply. The closest level that stands out in the URPD is around $0.21, which hosts the acquisition point of 7.5% of the DOGE supply. For the up direction, there aren’t any notable cost basis centers until all the way to $0.36, where investors last bought about 3.8% of all tokens in existence. Now, what’s the relevance of these levels to Dogecoin? To know the answer to that question, investor psychology needs to be understood first. To any holder, their cost basis is naturally an important level, so they can be prone to showing some kind of reaction when a retest of it happens. Whatever this reaction be, it’s not of significant to the cryptocurrency if only a few investors are showing it. For retests of levels that host the cost basis of a large amount of holders, however, the story can be different. The aforementioned levels could be important ones from this perspective. Generally, investors tend to react by buying if the retest is happening from above, granted the mood in the market is bullish. This is because these holders, who were in profit prior to the retest, might look at the price decline as just a ‘dip.’ Related Reading: Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High? On the other hand, the holders who were in loss before the retest may decide to sell their Dogecoin, as they could fear that this might be their last opportunity to exit at their break-even for a while. As such, major supply walls below the DOGE spot price can act as potential support zones, while those above it may prove to be resistance areas. Given that the closest two such levels are at $0.21 and $0.36 for the asset right now, they may be where the coin could be the most probable to encounter strong support and resistance, respectively. DOGE Price At the time of writing, Dogecoin is floating around $0.237, up more than 37% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Coinbase and a marketing firm have agreed to pay $2,250,000 to settle a class action lawsuit related to a Dogecoin sweepstakes from 2021.
Dogecoin traders are showing a lot of interest in futures contracts, even though the coin’s price has dipped a bit. That split between price moves and betting activity is drawing attention. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Futures Interest Climbs Despite Pullback According to on‑chain data provider Glassnode, open interest in Dogecoin futures jumped from almost $990 million to $1.62 billion this week. That rise came after the price slid back from near $0.25 into the $0.22–$0.23 zone. It’s a sign that traders are still placing big bets, even as momentum cools. Back in mid‑February, open interest fell below $900 million by April, as Dogecoin headed down from its brief rally above $0.23. This week’s surge breaks that past trend. Despite $DOGE pulling back from its recent high, Futures Open Interest continues to rise, up +63.9% over the past week ($989M → $1.62B). This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring: https://t.co/N343pGpptL pic.twitter.com/icOVcqDffA — glassnode (@glassnode) May 13, 2025 Price Rally And Minor Setback Based on reports, Dogecoin climbed from roughly $0.16 on May 6 to just over $0.24 by May 11. That’s a sharp gain in just a few days. Then the price eased back into the $0.22–$0.23 range. Traders saw higher highs and higher lows overall. They’ve held onto the belief that the upward trend is still intact. Bullish Funding Rate Signals Funding rates have stayed in positive territory, which shows futures traders are mostly long. Data from Coinglass on May 13, 2025, puts rates at 0.0100% on BitMEX, HTX, Gate.io and Bitget. Binance and OKX are a bit lower, at 0.0036% and 0.0034%. Those numbers mean long holders pay short sellers a small fee. That setup can boost a rally. But if the price drops, it can turn costly for those same traders. Support Level Under Watch Market analyst Rekt Capital pointed out that Dogecoin closed above its old pre‑halving resistance on the weekly chart. That level now sits near $0.22 and is acting as support. If DOGE holds that spot, the coin might head toward at least $0.27 next. A failure to stay above $0.22 could shake out some of the most stretched positions. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Overall, the mix of rising futures activity and a soft pullback makes for a tense scene. On one hand, there’s still a strong bullish bias. On the other, too much one‑sided positioning can invite a shakeout. Traders will be watching weekly closes around $0.22 to see if support holds. If it does, a run at $0.27 could happen. If it doesn’t, shorts may gain the upper hand and push prices lower. Either way, volatility is likely to stay high as Dogecoin’s roller‑coaster ride continues. Featured image from Gemini Imagen, chart from TradingView
Rising open interest despite cooling prices suggests traders are leaning into volatility, or overexposing themselves to risk.
Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his latest video update, describing the meme-turned-macro asset’s current structure as one of the most compelling setups across the entire altcoin market. “Dogecoin has one of the nicest charts, if not the nicest altcoin chart in all of altcoins,” Kevin said. “Next to XRP and ETH, Dogecoin got a beautiful chart.” Dogecoin’s Pattern Mirrors Last Bull Run In a wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, Kevin dedicated a significant section of his analysis to Dogecoin, highlighting an emerging pattern of higher lows, clean breakouts, and bullish divergences that mirror previous accumulation phases. According to him, Dogecoin is displaying what he called “perfect price structure”—a rare quality among altcoins. “You get this bottom, you get the double bottom, you get the bullish divergence. Bang,” he said while showcasing recent price action and comparing it to prior cycles. “Then again—you get the bottom, the double bottom, the bullish divergence. Bang. This is literally the same thing all over again.” Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching Kevin’s view is built on strong historical confluence and Fibonacci retracement zones. He noted that Dogecoin’s last major bull cycle saw the token top out at precisely the 1.618 to 1.703 Fibonacci extension range. By replicating the same fib structure from the most recent bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a “real deal price target” rather than clickbait. “Could $1.10 to $1.25 be the next target for Doge?” he asked. “I think if we can replicate a move like we did back in November—which we can, and if anything, we can do way better—then absolutely. That’s the zone I’m watching.” He further emphasized that the golden pocket and the 1.703 fib extension mark a crucial resistance area, just as they did in Dogecoin’s previous cycle. “Remember this,” Kevin said. “You run your fib—boom—Dogecoin tops out right at the golden pocket and the 1.703 fib. We’re seeing the same thing lineup here.” Zooming out, Kevin placed Dogecoin’s strength in the broader context of a shifting crypto macro environment. Bitcoin dominance, he noted, is dropping sharply from the macro 0.786 Fibonacci level—a move that typically allows altcoins like Dogecoin to catch a stronger bid. “We are seeing exactly what we said would happen. That is: altcoins catching a bid. A really nice bid,” he remarked. Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup The bullish sentiment extends beyond Dogecoin. Kevin noted that macroeconomic data is supportive, with declining inflation, rising GDP, strong labor markets, and easing tariff fears contributing to renewed confidence across financial markets. “Everything seems to be lining up at the exact right time,” he said. “We’ve got the macro on our side, we’ve got the technicals on our side, and now even Dogecoin is flashing green.” Still, he added a caveat of caution. “In the short term, just be a little cautious until we break the resistance we need to break,” Kevin said, referencing the broader crypto market’s proximity to key Fibonacci and moving average thresholds. “Treat resistance as resistance—until it’s not.” Nonetheless, Kevin concluded that Dogecoin’s current setup is as strong as it’s been in years. “This is just perfect, perfect price structure,” he reiterated. “When the market gets going, I think this thing’s going to perform massively.” His final message: if history rhymes, Dogecoin could be poised for a powerful move to surpass the psychological $1 mark. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com
Data shows the Dogecoin Futures Open Interest has continued to rise, a sign that the price pullback hasn’t discouraged speculative activity. Dogecoin Futures Open Interest Is Up Almost 64% Over Past Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the Futures Open Interest of Dogecoin. The “Futures Open Interest” here refers to a metric that keeps track of the total amount of futures positions related to DOGE that are currently open on all centralized derivatives exchanges. When the value of this metric goes up, it means the investors are opening up more positions on the market. The total leverage present in the sector usually goes up when new positions appear, so this kind of trend can lead to more volatility for the asset’s price. Related Reading: Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High? On the other hand, the indicator observing a decline suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Usually, the cryptocurrency becomes more stable following such a trend. Now, here is a chart that shows the trend in the Dogecoin Futures Open Interest over the last few months: As displayed in the above graph, the Dogecoin Futures Open Interest has witnessed a huge increase recently, a sign that investors have put up a large number of bets related to the memecoin. Over the past week, the metric’s value has gone from $989 million to $1.62 billion, which implies growth of almost 64%. Initially, this strong uplift in speculative activity coincided with DOGE’s sharp recovery rally. Investors usually find rallies to be exciting, so they tend to open up more positions on the futures market during them. Interestingly, though, despite the fact that the Dogecoin rally has gone cool most recently and the price has even registered some pullback, the Futures Open Interest has only continued to move up. “This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring,” notes the analytics firm. Related Reading: Bitcoin Near ATH, But Still No Extreme Greed: Green Sign For Bull Run? DOGE isn’t the only asset that has enjoyed a boost in speculative activity recently. As Glassnode has pointed out in another X post, XRP has also seen its Futures Open Interest shoot up. During the same window as Dogecoin’s Open Interest increase, XRP has observed the indicator go up by 41.6%, from $2.4 billion to $3.4 billion. “This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction,” says the analytics firm. DOGE Price At the time of writing, Dogecoin is trading around $0.236, up more than 42% over the past week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Crypto market cap dips slightly, but positive sentiment and inflows persist amid bullish altcoin moves.
Dogecoin started a fresh increase from the $0.220 zone against the US Dollar. DOGE is now gaining pace and might rise toward the $0.2650 zone. DOGE price started a fresh increase above the $0.220 and $0.2320 levels. The price is trading above the $0.2350 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2350 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.2450 resistance zone. Dogecoin Price Aims Higher Dogecoin price started a fresh increase after it found support near $0.2170, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2250 resistance zone. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.2531 swing high to the $0.2173 low. Besides, there is a connecting bullish trend line forming with support at $0.2350 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.2350 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.240 level. The first major resistance for the bulls could be near the $0.2440 level and the 76.4% Fib retracement level of the downward move from the $0.2531 swing high to the $0.2173 low. The next major resistance is near the $0.2530 level. A close above the $0.2530 resistance might send the price toward the $0.2650 resistance. Any more gains might send the price toward the $0.2720 level. The next major stop for the bulls might be $0.2850. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2440 level, it could start another decline. Initial support on the downside is near the $0.2350 level. The next major support is near the $0.2250 level. The main support sits at $0.2150. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1880 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 – $0.2350 and $0.2250. Major Resistance Levels – $0.2440 and $0.2530.
Dogecoin’s revival from the late-April trough at $0.1298 to Monday’s intraday spike at roughly $0.2597 has thrust the original meme-asset into a technically decisive arena, inspiring three top market technicians to publish fresh views. What’s Next For Dogecoin? Crypto analyst Ali Martinez plots a 12-hour DOGE/USD chart that frames a supply band between $0.25 and $0.27. That zone supported price in December 2024 and February 2025 three times, but flipped to resistance after late February’s breakdown, a role it has repeated in every rally since. Martinez marks each failed thrust with black arrows and notes the most recent 12-hour close at $0.24903 sitting inside the band. In his words, “Dogecoin has reached a crucial area of resistance!” Until bulls print decisive closes above the upper boundary at $0.27, the region remains a potential turning point. Rekt Capital zooms out to the weekly time-frame and points to a horizontal pivot at $0.22014, labelled “Pre-Halving resistance” on his DOGE/USDT chart. After reclaiming that level, price is now dipping back toward it, a move the analyst calls “that key retest of Pre-Halving resistance into new support … Retest is now in progress. Hold green and at least $0.27 would be next.” Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup The green support box extends roughly $0.19–$0.22 and sits atop an 18-month rising trend-line that converges near $0.15901. A weekly defence of this cluster would open the way to the next resistances Rekt Capital plots at $0.27884 and $0.33817. Bitcoinsensus focuses on momentum, overlaying a weekly MACD on his DOGE/USDT chart. The fast line is on the verge of crossing above the signal line for the first time since late-2024. He highlights that the previous two bullish crossovers preceded rallies of ≈ +165 % (to $0.23) and ≈ +330 % (to $0.48). Related Reading: Can Dogecoin Reach $0.60? This Price Level Is Now Crucial Citing that pattern, the analyst writes: “DOGE BULLISH MACD CROSS … Next Price Target : $0.72.” His chart projects a parabolic path toward $0.72, while a dotted ascending baseline anchored in March 2024 still underpins the structure in the mid-$0.15 region. Collectively the three studies leave Dogecoin at an inflection point. A clean break above $0.27 would neutralise the multi-month supply zone highlighted by Martinez and validate Rekt Capital’s next weekly objectives. Failure to sustain that level, or a weekly close back under $0.22, would refocus attention on the trend-line and horizontal support in the high-$0.15s. For momentum traders, confirmation of the looming MACD crossover could be the trigger that sets the stage for Bitcoinsensus’ lofty $0.72 projection. For now, participants watch whether the meme-coin’s latest bark translates into another bite. At press time, DOGE traded at $0.22485. Featured image created with DALL.E, chart from TradingView.com
PEPE token is hogging the headlines, and for the right reasons. The meme coin, defying the odds, has gathered the right amount of steam to spring back to life. PEPE surged 16% today, closing a Cup & Handle chart pattern that enabled it to recuperate and improve on previous setbacks. Speculators rushed in, pushing spot trading volume to nearly $4 billion. That outpaced Dogecoin’s $2.84 billion by about $1.10 billion. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back. pic.twitter.com/uCvvppO7aG — M Barbara???? (@Barbara_KVH) May 9, 2025 Meme Coin Volumes Spike According to data, PEPE’s smart-contract trades reached $5.74 billion in derivatives today. That is up 280% from yesterday. Dogecoin continues to dominate futures with $6.60 billion volume and a solid Open Interest funding rate—the highest since February 2025. DOGE shorts lost $14 million in liquidations, which is about $3 million less than losses for PEPE shorts. Whale Activity Catches Attention As per on-chain analysts at LookOnChain, a single large wallet added 500 billion PEPE tokens worth $4.36 million. Only a few days ago, the same wallet scooped up another 500 billion at $4.54 million. This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW pic.twitter.com/sx7hOqkcKG — Lookonchain (@lookonchain) May 8, 2025 Now, this whale owns 1.5 trillion tokens worth approximately $18.6 million at today’s rate of $0.0000123. Such transactions can drive prices higher, but can also spark sudden sell-offs. On-Chain Indicators Send Mixed Signals Latest data indicates Chaikin Money Flow on the PEPE/USDT pair went positive on May 6, 2025. That suggests cash is flowing back into the coin as geopolitical tensions subside. However, network growth indicators remain down. Fewer new wallets are entering the PEPE party. In other words, the rally might be more fueled by large traders swapping bags rather than new users piling in. Supply Overhang May Weigh On Gains The overall supply of PEPE is around 420 trillion tokens. That’s a massive amount. Even a fraction of that selling off could swamp exchanges. Coins with tighter supplies don’t require as much buzz to maintain their price. PEPE has risen by over 112% this month, but big supplies mean big gains can turn just as quickly. Bitcoin Boost Fuels Retail Interest Meanwhile, Bitcoin surged over $104,000 today. That level tends to attract more retail traders into the market. If retail is confident, they go after smaller coins afterwards. That might drive PEPE higher if traders believe that the meme rally has legs to it. But it also increases the risk of a sharp pullback if Bitcoin loses steam. Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details What Investors Should Watch Price action on meme coins can fluctuate wildly. Large volumes and whale purchases fuel headlines but do not always mean sustained growth. Look for changes in open interest, new wallet activity, and any adjustments in Bitcoin’s price. If PEPE stays above that Cup & Handle breakout point, it might hang around. If not, today’s surge might be all the pleasant news we get. Featured image from Dejavusoul, chart from TradingView
Dogecoin’s muted spring rally has reignited a perennial retail question: can the world’s best-known meme coin break the $1 barrier before the current market upswing exhausts itself? In a 13-minute market update published on Sunday, independent strategist Kevin—known online as Kev Capital TA—answered with an unequivocal “yes,” pointing to a confluence of long-term Fibonacci targets, momentum indicators and a macro backdrop he believes is finally turning supportive for high-beta crypto assets. Is $1 Realistic For Dogecoin? “Can Dogecoin hit $1 this cycle? The answer is yes, it absolutely can,” Kevin told his followers at the outset of the video. He argued that Dogecoin is now in its third major cycle and has historically advanced to the 1.618 Fibonacci extension on the monthly chart. That extension currently sits at roughly $3.80, “well above a dollar,” he noted, while stressing that citing the level is “not a price call” but a way to frame upside potential. Related Reading: Can Dogecoin Reach $0.60? This Price Level Is Now Crucial Kevin’s conviction rests on momentum gauges that, in his reading, show Dogecoin barely warming up. On the monthly relative-strength index, he traced an ascending trend that has been intact since the post-Luna crash lows in June 2022. “We hit roughly 50 cents with the monthly RSI at 75,” he said, adding that in prior cycles the indicator climbed to at least 89.4. “Look how much room we have to go.” A fresh bullish crossover in the monthly stochastic oscillator would, in his view, confirm the move. The analyst also linked Dogecoin’s prospects to a macro mix he characterises as increasingly benign: expectations for US rate cuts, a deceleration in quantitative tightening and a rise in global liquidity. He contended that these forces, coupled with a downturn in Bitcoin dominance that his desk called on 28 April at 65.45%, create the conditions for a classic “alt-season.” “Altcoins are oscillators to Bitcoin… monetary policy being easier on the economy is what drives that liquidity into the market,” he explained. Key chart landmarks remain in focus. Kevin cited a “perfect inverse head-and-shoulders” accumulation which he entered at an average price of $0.15—now “up 65–70%”—and set sequential objectives at $0.48 and the previous all-time high near $0.74. The $1 level would follow only if liquidity trends continue to improve and Bitcoin dominance “durably” breaks down. “Realistically, if we keep seeing this path of easing monetary policy… we can absolutely see Dogecoin at a dollar by the end of the year,” he concluded. Related Reading: Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why Sceptics might flag Dogecoin’s 2021 spike—fueled by social-media fervour and Elon Musk’s “Saturday Night Live” appearance—as a one-off event; Kevin counters that the same Pi-cycle moving-average pair that nailed prior tops is “nowhere near crossing,” implying headroom before froth returns. The shorter-term yellow average, he said, “won’t even start moving higher until Dogecoin hits 40 to 41 cents,” leaving a notional 145% cushion between today’s price and $1 even in an advancing market. Although Kevin acknowledged that “we’re here to make money, we’re not here to get attached,” he tempered expectations of parabolic targets circulating on social media. “We’re not going to turn this into a Dogecoin to $35 video… This is a video based on facts,” he told viewers, urging them to treat $1 as an ambitious but data-driven milestone rather than a guarantee. With Dogecoin hovering near $0.25 at press time, the meme coin would need a four-fold rally to tag the psychologically potent dollar mark. Featured image created with DALL.E, chart from TradingView.com
Korean crypto markets are experiencing a rally, influenced by a $1 billion short squeeze and improving geopolitical sentiment.
The Dogecoin price has seen a major rebound recently, which has brought it above the $0.23 resistance over the weekend. This upward move looks to have been sustained as buyers have regained power over the market in the last week. Despite the already notable rally that the meme coin has enjoyed recently, expectations remain that it will continue to rise higher, with crypto analysts predicting an explosive rally for the altcoin. Dogecoin Price Remains Very Bullish Pseudonymous crypto analyst MMBTtrader on the TradingView website has outlined that the Dogecoin price remains highly bullish. The current pump is expected to continue as Dogecoin has yet to hit any major resistance, thus setting it on a path to possibly double. Related Reading: Dogecoin Undergoes MACD Crossover: Is The $1 Milestone Within Reach? As the crypto analyst points out, the Dogecoin price could likely see a correction after rising so much recently. However, this is expected to only be short-term and would, in fact, fuel the rally and serve as a bounce-off point for further rallies. This corruption could happen just below $0.25. However, the analyst does point out that with the Dogecoin price being so bullish, it is possible that it rises higher than this level before the correction happens. Presently, the only thing holding the Dogecoin price back is the trend line outlined in red in the analyst’s chart. This serves as a deciding point for the meme coin, and a break above it is expected to push the price forward. In this case, the crypto analyst expects it to rise as high as $0.4. Additionally, they add that if it breaks above $0.4, it would signal an extremely bullish market, pushing the Dogecoin price toward $0.75, and then $1. On the other hand, though, a failure to break above the trend line could signal the beginning of bearish pressure. As the chart shows, the first bearish stop would be at $0.13548. Further downtrend could then send it below $0.1 to $0.09024. Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target DOGE Still Shooting For $1 Another crypto analyst has also suggested that the Dogecoin price could be heading for the $1 target. They explain that after the strong bounce of the $0.14 support, Dogecoin is now showing signs of a bullish reversal on the weekly timeframe. This casts a wider net for targets for the meme coin’s price as the uptrend plays out. From here, the crypto analyst explains that if the Dogecoin price can hold, then the next main target is $1. For this to happen, though, volume confirmation and how the price performs in the next few weeks are crucial. “DOGE might just be gearing up for another historic run,” the analyst said. Featured image from Dall.E, chart from TradingView.com
After trading in a relatively quiet range for much of April, Dogecoin has started May on a good note. The meme coin has surged over 33% this week, pushing above the $0.22 level due to a new wave of bullish momentum among retail and institutional traders. Amid this recovery, technical indicators are flashing a familiar signal that has led to massive price increases for Dogecoin since 2024. The latest analysis from popular crypto chartist Trader Tardigrade has brought attention to a possible inflection point: a bullish MACD crossover on the weekly timeframe. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling MACD Signal Returns, Points To Explosive Upside For Dogecoin Due to its performance since October 2023, the MACD (Moving Average Convergence Divergence) indicator has become a valuable tool for spotting momentum shifts in Dogecoin’s price cycles. It is now flashing bullish once again. The crossover, where the MACD line crosses above the signal line, has coincided with the beginning of powerful uptrends since the current cycle began in Q4 2023. According to Trader Tardigrade’s chart, the last two confirmed MACD crossovers on the weekly timeframe led to rallies from $0.06 to $0.23 and from $0.086 to $0.48, respectively. Each of these rallies followed a period of deep corrections, conditions similar to what Dogecoin has witnessed since March 2025. The first MACD crossover in this cycle was in October 2023, which resulted in a 285% rally. The second MACD crossover was in September 2024, which led to an even bigger rally of about 460%, during which Dogecoin surged to multi-year highs of $0.48. The chart also reveals that these MACD crossovers occurred after a rounded bottom pattern. The current price structure looks like that setup, with a higher low rounded bottom and the blue MACD line about to cross to the upside of the orange line. This lends strong credence to the notion that Dogecoin could be on the cusp of another rally, particularly as the overall crypto market sentiment is now positive following Bitcoin’s break above $100,000 again. Image From X: Trader Tardigrade Eyes On $1: Can MACD Rally Repeat One More Time? Now that the MACD crossover is almost underway, the obvious question is whether this can cause Dogecoin to finally reach the elusive $1 mark. The projected $1 target lies on a long-term ascending resistance trendline that guided the $0.23 and $0.48 tops this cycle. If the pattern holds, and Dogecoin’s MACD crossover plays out as it has in the past, the meme coin might be currently at the start of a third impulsive move. The analyst’s chart draws a projected trajectory that extends toward $1 by mid-year, following a path similar to the other rallies. Related Reading: Taiwan Official Proposes Bitcoin As Part Of National Reserve Strategy Achieving the $1 target would require a price surge of about 335% from current levels around $0.23. At the time of writing, Dogecoin is trading at $0.2335, up by 3.4% in the past 24 hours and an intraday high of $0.2569. Featured image from Unsplash, chart from TradingView
The Dogecoin price appears to be on a continued rebound, with bulls regaining some control over the market after weeks of sideways trading and downward pressure. However, the momentum is being tested as strong resistance builds around the $0.205 level. A recent analysis highlights this crucial zone and outlines the roadmap for Dogecoin’s next move. Dogecoin Price Recovery Faces Critical Resistance TradingView crypto analyst Lingrid recently shared a technical analysis featuring a classic continuation pattern unfolding for Dogecoin. The analyst revealed that the Dogecoin price is attempting a recovery after rebounding from a key ascending trendline and breaking out of a Falling Wedge pattern. Related Reading: Dogecoin Price Ready For Next 500% Wave, Here’s The Target Following this, Dogecoin is now retesting the breakout level around $0.175, where both the wedge resistance and ascending trendline converge. The cryptocurrency has also formed a higher low structure on its price chart. Notably, this breakout zone is critical, as holding above it would confirm the breakout and set the stage for potential gains. Lingrid has revealed that traders are currently watching closely for continuation toward the next resistance area. The $0.19 level has been set as the next immediate breakout target, aligning with the top of the previous range and the midpoint of the broader resistance area. A push beyond $0.19 would open the door for a run toward the range between $0.2 – $0.21, a key resistance area where selling pressures could intensify. While Dogecoin’s structure remains relatively bullish with higher lows forming, Lingrid has also cautioned that overhead resistance near $0.19 and $0.2 could slow down the momentum. Notably, Dogecoin’s trading volume will also play a key role in its price action and future moves. As the price approaches the wedge apex, fluctuations in volume could either sustain the strength of the rally or weaken it. DOGE To Decline Further If Support Fails Since the beginning of this year, the Dogecoin price has recorded its fair share of unexpected price declines and volatility. While Lingrid’s analysis shares encouraging signs of a potential price recovery and bull rally, Dogecoin’s breakout remains at risk. Related Reading: Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target If its price fails to hold the critical support zone at $0.175, especially with a strong candle close below this level, the projected breakout could be invalidated. This would, in turn, potentially lead to a steeper price breakdown toward $0.15, representing a 25% decrease from its current market value of $0.2. Lingrid also mentions that a failure to maintain buyer interest near the wedge apex and weakening volume could also contribute to market indecision, making a swift recovery less likely. As a result, traders are advised to watch the $0.175 zone closely as a key breakout point that will determine whether Dogecoin resumes its climb or faces renewed downward pressure. Featured image from Getty Images, chart from Tradingview.com
In his latest YouTube briefing to 292,000 subscribers, the analyst known as “More Crypto Online” (MCO) argued that Dogecoin’s recovery from early-May support keeps the memecoin’s larger Elliott-wave roadmap intact and, crucially, leaves open the long-discussed advance toward the $0.60 region. Dogecoin’s Path To $0.60 Speaking less than forty-eight hours after Dogecoin’s local low on 6 May at roughly $0.163, MCO underlined that price action has so far respected the fourth-wave Fibonacci retracement he mapped out in previous sessions. “The price held this support area between 15.5 cents and 16.8 cents as standard Fibonacci support in a wave four,” he noted, adding that the bounce has already satisfied the “bare minimum” requirement for a fifth-wave launch. The analyst’s near-term pivot (1-hour chart) remains the $0.18 line—exactly the 50 percent retracement of the late-April impulse. “As long as we’re holding above $0.18, there’s absolutely no sign of a top,” MCO said, stressing that a decisive break below that threshold would force a reassessment of the intraday pattern and shift focus back to the 6 May swing low. He described $0.18 as the level that “allows for continuation, direct upside continuation, in an upside impulse.” Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? So far, Dogecoin’s latest push has only retested the 30 April high near $0.193, leaving the fifth wave “not healthy enough to really be considered a fifth wave that’s already completed.” The analyst therefore expects at least “one or two Fibonacci levels above where the third wave topped,” singling out the 123.6 percent, 138.2 percent and 161.8 percent extensions as conventional zones that would validate a properly extended fifth wave. The ideal target area thus begins fractionally above $0.193 and could stretch into the low-20-cent range if momentum remains intact. MCO also mapped out the contingency in which the market loses the $0.18 floor. Provided the resulting retracement stays corrective and, critically, holds above the 6 May low at $0.163, he would view the setback as the “B-wave pullback” within a broader “wider ABC structure” that ultimately propels Dogecoin to fresh cycle highs. “That would allow for a wider ABC structure… and the B-wave pullback could just be corrective but must hold above this 6 May low,” he explained. Related Reading: Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why While the current segment concentrated on the micro-structure—whether the fifth wave finishes in a single thrust or morphs into a more complex ABC variant—the analyst reiterated that none of the outlined scenarios negate the larger bullish thesis so long as the $0.155 to $0.168 macro support band survives. That framework still culminates in a wave count that projects Dogecoin toward the psychologically important $0.60-cent region once the full higher-degree impulse cycle unfolds. For now, the analyst’s dashboard remains straightforward: above $0.18, the burden of proof lies with bears; below it, the market will probe whether the corrective downswing is merely the prelude to the next—and potentially decisive—rally leg. As MCO concluded, “A direct move up remains the expectation […] but a break below will then, you know, force that discussion.” At press time, DOGE traded at $0.205. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has spent the better part of three years digesting its 2021 blow-off-top, yet the popular meme-coin may be about to leave the consolidation range behind, according to a fresh weekly chart shared on X by the pseudonymous analyst Maelius (@MaeliusCrypto). Dogecoin ‘Looks Incredible’ The DOGE/USDT pair on Binance is printing a weekly candle at $0.1828 (open 0.1705, high 0.1833, low 0.1643), up 7.2% on the week. Two long-term moving averages frame the current structure: the 50-week exponential moving average (EMA-50) at $0.203 in blue and the rising 200-week EMA (EMA-200) at $0.138 in red. Price sliced below the EMA-50 earlier this year, but—crucially in Maelius’ view—never lost the EMA-200, which now sits inside a broad, slate-coloured demand zone running roughly from $0.11 to $0.20. A second layer of support comes from an ascending red trend-line that links the October 2023, August 2024 and April 2025 swing-lows. The most recent pullback, labelled “2” on the chart, bounced almost precisely where that diagonal meets the EMA-200 and the lower edge of demand—an area of triple confluence that technicians often see as a textbook springboard for the next advance. Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? Maelius’ primary thesis rests on a nested 1-2, 1-2 Elliott Wave count. The first “1-2” sequence began with a thrust to ~$ 0.2288 in March 2024, retraced to $ 0.0805 in August the same year, and then ignited a larger impulsive leg that topped near $0.4843 in December last year (labelled the second “1”). The corrective follow-through to $0.1298 in April completed the second “2”. In Elliott terminology, two consecutive 1-2 structures “wind the spring” for wave 3 of (3)—historically the longest and steepest portion of an impulse. Maelius places the coming third wave, its subsequent fourth-wave consolidation, and a final fifth wave in the blank area above current price. He predicts DOGE to reach roughly $1 as part of the third wave, followed by a correctional fourth wave below $0.70. The fifth wave is forecasted to reach its climax somewhere between $1.30 and $1.70. Related Reading: Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom Beneath the price action sits the WaveTrend Oscillator (WTO), a momentum indicator closely related to the TSI that measures the distance between an asset’s price and its own smoothed values. The WTO prints two lines and a histogram; a bullish cycle begins when the faster line crosses above the slower one from oversold territory (–60/–53 in the standard settings). That cross has just fired on the 1-week timeframe for the first time since the August 2024 low. The histogram has shifted from deep red to neutral grey, echoing similar transitions that preceded Dogecoin’s previous vertical advances. Put together, the chart describes a market that is holding a multi-year demand block, trading above its 200-week EMA, testing—though not yet reclaiming—its 50-week EMA, and exhibiting a fresh bullish momentum cross. From a pure-chart standpoint, those ingredients satisfy many of the conditions technicians look for when hunting the start of a primary trend leg. Maelius concludes: “DOGE looks incredible here, despite the fact it went lower as I initially expected (was expecting EMA50 to hold).Respecting major demand area, EMA200 as well as diagonal support and it seems like 1,2,1,2 is completed and now we head for 3rd EW (within larger 3rd). 1W WTO recently crossed, which is also supportive of bottom being in.” At press time, DOGE traded at $0.18445. Featured image created with DALL.E, chart from TradingView.com
Follow what's happening on Myriad Markets' most popular prediction markets from the price of Dogecoin to the next Pope.
ETH, BCH and top memecoins are flashing bullish chart patterns.
Dogecoin started a fresh increase from the $0.1650 zone against the US Dollar. DOGE is now gaining pace and might rise toward the $0.185 zone. DOGE price started a fresh increase above the $0.170 and $0.172 levels. The price is trading above the $0.1750 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1740 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.180 resistance zone. Dogecoin Price Aims Higher Dogecoin price started a fresh increase after it found support near $0.1650, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.170 resistance zone. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1642 low. Besides, there is a connecting bullish trend line forming with support at $0.1740 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.1750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1780 level. The first major resistance for the bulls could be near the $0.1790 level and the 76.4% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1642 low. The next major resistance is near the $0.1840 level. A close above the $0.1840 resistance might send the price toward the $0.1880 resistance. Any more gains might send the price toward the $0.1920 level. The next major stop for the bulls might be $0.200. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1790 level, it could start another decline. Initial support on the downside is near the $0.1740 level. The next major support is near the $0.1720 level. The main support sits at $0.1650. If there is a downside break below the $0.1650 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1450 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 – $0.1740 and $0.1720. Major Resistance Levels – $0.1790 and $0.1850.
Despite the Dogecoin price struggling and dropping recently, it seems investors are still very bullish on the meme coin. This is evidenced by the fact that there are now a large majority of crypto traders who are choosing to bet on a recovery for the meme coin rather than further decline. This is mostly visible on Binance, which is the world’s largest exchange, seeing a sharp drop in short accounts in favor of traders who are long on Dogecoin. 72% Of Binance Traders Are Bullish According to data from Coinglass, there are presently more bulls as regards to the Dogecoin price compared to bears. The Long/Short Ratio on the website helps to map out where crypto traders are leaning and how they are placing their bets. Using percentages, it shows how the vast majority are betting in regards to any coin and exchange, and for Binance, the results have shown more longs than shorts. Related Reading: Crypto Analyst Calls Wave 5 To Send XRP Price Above $6 Currently, of all open bets on Dogecoin on the Binance crypto exchange, a whopping 72.46% are long at the time of this writing. This leaves only a smaller percentage of 27.54% of traders who are short. On this account, it shows that bullishness is on the rise for the meme coin. Interestingly, this turn in sentiment seems to be mostly localized to the Binance exchange. Looking at the broader Long/Short Ratio for Dogecoin, there are still more shorts than longs. Total exchanges figures comes out to 51.86% of all open bets in the market currently being short, coming out to over $1.15 billion at the time of this writing. In contrast, only 48.19% of open bets are in favor of longs, coming out to less than $1.1 billion. This gap, despite being quite small, shows that sellers are still dominating the market now. This would explain the decline in the Dogecoin price despite the daily trading volume rising above $700 million. Can The Dogecoin Price Recover? The open interest when it comes to Dogecoin is still quite low as traders are trading more conservatively right now. This has followed the price decline and the fear sentiment that has gripped the market. However, times like these are usually when reversals begin, with many not expecting one. Related Reading: Ethereum Macro Trend Oscillator Shows Green Might Be On The Horizon A crypto analyst has also pointed out that the Dogecoin price is forming a strong Ascending Wedge pattern. Now, if this pattern is completed, it could put the meme coin on the path to a long-lasting rally. The target for this has been placed at $1.161, meaning the analyst is expecting the Dogecoin price to explode by more than 580% from here. Featured image from Dall.E, chart from TradingView.com