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
The funding will enable DogeOS to support a variety of consumer apps, enhancing the Dogecoin ecosystem and its decentralized finance services.
The Dogecoin two-day candlestick chart has returned to the same accumulation shelf that preceded its five-fold burst last autumn, and independent market technician Astronomer (@astronomer_zero) argues the pattern “looks bottomed—early call, and I’m long.” The strategist, who flagged Bitcoin’s April higher-low before it erupted through $69 000, told followers on X that DOGE now offers a “6R+ trade” back into December’s supply wall. The Dogecoin Bottom Is In The updated chart shows price printing successive wicks into a lavender demand band that begins at $0.12and tops out just below $0.15000. So far every test of that floor has been absorbed, leaving a series of higher two-day closes. “Alright, DOGE only moved slightly off the low,” Astronomer wrote, “so there still is a 6R+ trade to be scored if it were to go to the highs.” The black horizontal at $0.18210 marks the first decisive reclaim. Sunday’s session opened at $0.18141, punched to $0.18210, and settled at $0.17548—fractionally under the trigger but well clear of the grey value area that defines the analyst’s risk box. For traders running tight stops, the invalidation sits just under $0.12982, limiting downside to roughly twelve-and-a-half cents while keeping the full upside open to a $0.40000–0.48527 liquidity void shaded in emerald green. “If you want a defined risk for a defined reward,” Astronomer added, “a long as presented also makes sense.” Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure Technically the structure mimics October 2024, when DOGE carved a rounded base at $0.10, ignited on rising volume, and topped out at $0.48527 eight weeks later. “Last time we left the range mindset was October ‘24 and we bought DOGE at 10 c,” the analyst reminded readers. “It pulled a 5x before retracing for what IMO now has become a higher low.” The projection sketched on the chart anticipates a one to two months sideways chop inside the grey band that caps at roughly $0.175, followed by a staircase advance into the low-$0.30s and an autumn test of the December pivot. Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares None of the hand-drawn arrows pierce the old high, underscoring that the thesis is not predicated on price discovery—only on a mean-reversion to the last heavy supply node. “Given this is an altcoin and expectations are likely beyond $0.5, having heavy spot bags already pays for little risk,” he wrote. “They still may take time and take off slower than BTC, but the RR IMO will be higher.” As ever, confirmation will come—or fail—on the tape. A two-day close above $0.20000 would establish a higher-time-frame reversal and expose $0.30 liquidity, whereas a settlement beneath $0.12982 would invalidate the setup and reopen the 10-cent handle. Until then, Astronomer’s call rests on the premise that Bitcoin bottoms first, Ethereum follows, and “one by one, alts bottom out through cyclical timing, sentiment, and their respective POIs.” Dogecoin, he contends, just ticked every box. At press time, DOGE traded at $0.173. Featured image created with DALL.E, chart from TradingView.com
Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom. Dogecoin Price Might Have Bottomed After Crash Crypto analyst Astronomer has called a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that the meme coin had similar fundamentals was back in October 2024, before the Dogecoin price rallied around 500% to a new local peak of $0.5. Related Reading: Ethereum Exchange Exodus Deepens: $380M Withdrawn As Crucial Support Level Emerges This time around, the crypto analyst believes that the current fundamentals is the same as back in 2024, as the altcoin market would be bottoming out. But this time around, Astronomer is expecting that the Dogecoin price would rally higher than it did before. At this level, it is expected that the Dogecoin price will reverse and bring a lot of rewards for investors. “IMO, given this is an altcoin and the expectations are likely beyond 0.5$, having heavy spot bags already pays for little risk,” Astronomer said. “If you want a defined risk for a defined reward, I think a long as presented also makes sense.” Reversal Pattern In The Works The Dogecoin price is eyeing a reversal pattern after putting in a possible bottom. This was highlighted by another crypto analyst who has shown that the meme coin is showing a bullish divergence on the chart. At this level, it is the RSI that is bullish and the analyst believes a break above the 0.206 level from here would be positive for the price. Related Reading: Michael Saylor’s $84 Billion Bitcoin Bet: How Is Strategy Doing On Its Current BTC Holdings? With bullish sentiment recovering, it is giving the Dogecoin price the push it needs to move upwards. Also, if the meme coin is able to close above the trend line shown in the chart below, it is expected to turn bullish for the price. The first major target for the price is the resistance at $0.2, which is what the bulls need to beat. After this is when the $0.27 level comes into play, and the final target for 100% increase lies above $0.33. Featured image from Dall.E, Chart from TradingView.comD
Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740. DOGE price failed to clear $0.1880 and corrected gains. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1780 resistance zone. Dogecoin Price Dips Again Dogecoin price started a fresh decline after it failed to clear the $0.1880 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1800 and $0.1750 support levels. Finally, it tested the $0.1680 zone. A low was formed at $0.1685 and the price is now attempting a recovery wave. It climbed above the $0.170 and toward the 23.6% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low. Dogecoin price is now trading below the $0.1750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1720 level. There is also a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.1765 level and the 50% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low. The next major resistance is near the $0.1780 level. A close above the $0.1780 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.1880 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 $0.1740 level, it could start another decline. Initial support on the downside is near the $0.1685 level. The next major support is near the $0.1650 level. The main support sits at $0.1600. If there is a downside break below the $0.160 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 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 – $0.1685 and $0.1650. Major Resistance Levels – $0.1740 and $0.1780.
Dogecoin’s price rebounded to $0.186 after declining from $0.185 to $0.15 earlier in the week. The rebound is evidence of buyers coming in on lower prices, a sign some market observers view as continued strength for the meme cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Analysts Monitor Long-Term Pattern Formation As far as analyst Steph is Crypto is concerned, Dogecoin still tracks what they refer to as a “Legendary trend-line” that extends between three significant price lows over several years. That support line started above $0.001 in early 2020, was again breached above $0.059 in 2024, and most recently broke below to find support around $0.14 in 2025. Each time the price struck this line, it has recoiled higher. Those who remain long on DOGE are “absolute legend,” Steph noted in their review, which gives a long-term price target of $10. That would be over 5,000% gain from present levels. #DOGECOIN road to $10! If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 Daily Charts Display More Conservative View Other analysts provide a less aggressive prediction using daily chart trends: Dogecoin tends to rebound from a rising trendline, making a sequence of higher lows. Their findings indicate these rebounds tend to follow false reversals that occur before significant breakout movements. Previous Resistance Levels Become New Support Taking longer periods, another trend can be observed in the price movement of Dogecoin. As per analysis over three-day charts, earlier high values are seen to be acting as support levels subsequently. This came to pass when DOGE broke above $0.097 resistance late in 2023, then retreated to test that same level as support early in 2024. The same thing occurred with the July 2024 high of $0.146, which became a support level in April 2025. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Future Price Targets Based On Historical Patterns The February peak of $0.29 in 2025 is yet another reference point that preceded the recent price fall. While technical analysts had tested the $0.145 support point in April, they now look at $0.23 as the next level to watch as a resistance point. In case these trends remain consistent, some experts are of the opinion that Dogecoin might hit $0.80, which would be more than its all-time high of $0.73. Although these predictions are largely based on technical chart patterns and not fundamental considerations, the predictability of Dogecoin’s price structure has drawn the interest of some cryptocurrency market observers. The ascending trendline that has stood even during various market cycles is a primary indicator that most traders are monitoring to assess the strength of DOGE’s current position. Featured image from Unsplash, chart from TradingView
The Dogecoin monthly chart has begun to echo the rhythmic, momentum-laden structures that prefaced each of the meme-coin’s historical breakouts, according to independent market technician Kevin, better known on X as @Kev_Capital_TA. In a fresh publication dated 1 May 2025, Kevin notes that DOGE closed the April candle at $0.1795, up 4.2%, while defending two structural pillars he calls “the line in the sand”: the 0.382 Fibonacci retracement of the entire 2019-2021 advance at $0.1383 and the upper boundary of a 34-month falling wedge that originates at the May-2021 peak. “DOGE held the macro .382 and the macro down-trending support that I labelled as the line in the sand and also stated was a phenomenal risk-reward opportunity,” Kevin wrote to his followers. “Monthly SuperTrend has not yet gone vertical in this cycle and the monthly RSI is at the same level it was at when DOGE was at 11 cents, with a ton of room to run to the upside. Ignore the short-term noise—the pathway is laid and it is time to start going down it.” How High Can Dogecoin Price Go? His chart reveals three wedge-shaped consolidations, each resolved by a vertical expansion that topped exactly at a 1.618 Fibonacci extension. The current wedge—drawn with parallel yellow trend-lines from the 2021 high—broke to the upside in November 2024, tagged $0.48, and is now being retested from above. Kevin stresses that “macro down-trending support” has so far responded as textbook support and therefore keeps the price structure constructive. Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares Horizontal liquidity bands, shaded in violet, cluster at $1.25–$1.35 and $2.40–$2.60, marking the first potential distribution zones of the new cycle. Directly above the highest of those bands sits Kevin’s ultimate Fibonacci projection, a 1.618 extension at $3.94. When a follower asked whether his targets still stand, Kevin replied: “Looks like I said $3.90 is unlikely and $1.80 is a stretch also but possible depending on how high BTC goes. Not really target-setting—just looks like I said if BTC goes really high then DOGE will too.” Momentum gauges lend weight to his bullish narrative. The 14-period monthly Relative Strength Index, smoothed by a moving average, rests at 51.3—virtually identical to the reading seen in December 2020 when DOGE was trading at eleven cents. Previous cycle peaks, highlighted with orange circles on Kevin’s chart, all pierced the 90-point zone, implying what he calls “a ton of room to run.” The SuperTrend indicator has flipped positive but has “not yet gone vertical,” a condition Kevin interprets as latent rather than exhausted trend energy. Related Reading: What Will Send Dogecoin Soaring? Analyst Reveals The Key Drivers Supporting studies paint a similar picture: the long-term MACD printed its first positive histogram bar since 2021 in February and continues to climb, while Stochastic RSI sits at 6.4 / 14.5, near oversold territory—a configuration that preceded every prior parabolic burst once the gauge crossed north of 20. Kevin embeds his technical view in a macro framework. “All the evidence I have—through charts and macro fundamentals—tells me we will likely find a durable top in BTC dominance in the May-July months,” he wrote in a separate thread. “First time in years I have been willing to say that, but the monetary policy is likely going to align with the charts soon and that is what I have been waiting for.” Pointing to the latest inflation data, he added: Another leg back down for inflation, down to 1.35% on Truflation. Four rate cuts are projected for the rest of the year and quantitative tightening will be ending… The pathway is laid for the second half of the year for BTC and altcoins.” At press time, DOGE traded at $0.179. Featured image created with DALL.E, chart from TradingView.com
Traders grow more optimistic on approval odds as social buzz rebounds across the two majors.
Dogecoin is currently trading in a tight range, consolidating above the $0.16 support level and struggling to break above the $0.19–$0.20 resistance zone. This consolidation phase comes as the broader crypto market shows signs of strength and renewed momentum. Bulls are watching closely, hoping for a breakout that could mark the beginning of a recovery rally. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? Recent on-chain data from Santiment adds fuel to the bullish narrative. Over the past week, Dogecoin whales have accumulated approximately 100 million DOGE, a move that signals rising confidence among large holders. Historically, such buying activity from major players has often preceded upward price movements, especially when it coincides with broader market recovery. As Bitcoin and other large-cap cryptocurrencies continue to test key levels, DOGE’s consolidation pattern and whale accumulation will be key indicators for its next move. The coming days could prove pivotal for the memecoin’s short-term trajectory. Whale Activity Signals Possible Breakout As Dogecoin Tests Resistance Dogecoin is currently trading around $0.17–$0.18, hovering near critical resistance while the broader crypto market shows signs of renewed momentum. Bulls are attempting to reclaim higher levels, especially the $0.20 zone, which has consistently acted as a strong barrier over the past few weeks. A successful break above this level could trigger a recovery rally, but until then, price action remains uncertain. Analysts are split on what comes next for DOGE. Some argue that failure to break out above $0.20—coupled with increasing lower highs—could signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the other hand, with Bitcoin holding strong above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit. Adding to the optimism, top analyst Ali Martinez shared a chart on X revealing that whales have accumulated 100 million DOGE over the past week. This surge in whale activity typically precedes price rallies and supports the case for a potential breakout. As accumulation continues and market sentiment improves, DOGE could be preparing for a strong move. For now, all eyes are on the $0.20 resistance. A clean break above it could validate the bullish outlook, while rejection might extend the current consolidation. Related Reading: Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target? DOGE Price Action Hinges On Breaking Price Range Dogecoin (DOGE) is currently trading at $0.176, continuing to consolidate in a tight range as bulls attempt to gain momentum. Despite holding above the $0.16 support, DOGE has struggled to make a higher high, and price action remains capped by local resistance. To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level — a key resistance zone that aligns with the 200-day exponential moving average (EMA). Reclaiming this level would signal strength and could trigger an upward move toward $0.25 and beyond, especially if overall market conditions remain favorable. However, the lack of follow-through and volume at current levels raises concern. If bulls fail to defend $0.16, the downside risk grows significantly. A breakdown below this support could open the door to a deeper correction, potentially driving DOGE down into the $0.13–$0.10 region, where historical demand has previously stepped in. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? For now, DOGE remains range-bound with indecision dominating the short-term outlook. The next major move will depend on whether bulls can generate enough demand to break above the 200-day EMA or whether sellers regain control below the $0.16 threshold. Featured image from Dall-E, chart from TradingView
Dogecoin’s price action is beginning to tell a quiet but compelling story, as key structural signals align to support a potential move higher. While the meme coin has stayed under the radar recently, a closer look at its chart reveals a foundation of gradually rising lows and well-respected support levels, which are classic traits of an asset quietly building strength. This setup suggests that Dogecoin may be forming a base for a larger upside move. If confirmed, the path ahead could see DOGE testing higher resistance zones as confidence subtly returns to the market. Ascending Wedge Emerges On DOGE’s 30-Minute Chart According to a recent analysis shared by Thomas Anderson on X, Dogecoin is currently forming an ascending wedge pattern on the 30-minute chart, a technical setup often associated with potential breakout scenarios. At the time of his post, DOGE was trading around $0.17397, testing the 200-period moving average. Related Reading: What Will Send Dogecoin Soaring? Analyst Reveals The Key Drivers Despite this overhead pressure, the price remains securely above a critical support zone at $0.16424, reinforcing the strength of the current uptrend on this lower timeframe. Anderson further emphasized that short-term momentum appears bullish, supported by a steady increase in trading volume, a positive sign that market participants are engaging with the move. However, he issued a note of caution based on broader context: the 1-hour chart shows DOGE is trading near the upper boundary of the pattern. As the price approaches the pattern’s upper boundary, the potential for rejection and a pullback grows. Traders are advised to stay alert and consider both the bullish wedge on the M30 and the larger bearish context on H1, as this confluence might lead to heightened volatility in the near term. Dogecoin Nears Falling Wedge Breakout In a recent update shared on X, Whales_Crypto_Trading pointed out that DOGE is trading at the edge of a falling wedge pattern on the daily chart, a technical formation hinting at upcoming bullish reversals. This pattern has been developing over time, showing a gradual narrowing of price swings as DOGE coils within a tightening range. Related Reading: Dogecoin (DOGE) Eyes Breakout: Could an Upside Rally Spark Full-On Recovery? According to Whales_Crypto_Trading, if DOGE successfully breaks out of this wedge, it could unleash a powerful rally in the medium term, pushing prices 80–100% higher. This projection aligns with historical behavior following similar wedge breakouts, where compressed price action leads to explosive moves once resistance is cleared. The setup highlights a crucial moment for DOGE, with bulls looking for a confirmation signal while bears attempt to maintain downward pressure. A clean breakout could shift sentiment decisively, turning this long-standing consolidation into a strong upward trend. Featured image from Getty Images, chart from Tradingview.com
Research house and exchange-traded-product issuer 21Shares is arguing that Dogecoin has matured into “a smart addition to your portfolio,” projecting a bull-market price target of $1.42 per coin if bullish momentum holds. In a post published on X on 30 April, the firm told its followers that “Dogecoin isn’t just a meme anymore—it might be a smart addition to your portfolio.” Linking to a research note, 21Shares detailed stress-tested portfolio simulations in which a traditional 60/40 basket of equities and bonds is first “infused with 3 % Bitcoin” and then supplemented with a “modest 1 % DOGE allocation.” According to the researchers, “the benchmark returned 7.25 % annually, while DOGE-enhanced portfolios reached as high as 8.95 %. Sharpe ratios improved in almost all tests,” while the worst peak-to-trough drawdown only “deepened by a few percentage points.” Related Reading: What Will Send Dogecoin Soaring? Analyst Reveals The Key Drivers The study attributes the incremental performance to Dogecoin’s decade-long record of outpacing most large-cap crypto-assets while maintaining “a low correlation to crypto and traditional assets.” Even so, the authors stress that disciplined rebalancing remains vital. “Without it, returns can plateau while risk quietly compounds,” they warn, adding that monthly or weekly rebalancing strikes the best compromise between upside capture and volatility control, particularly “during periods of broader market stress, as we’ve recently seen.” Three Scenarios For Dogecoin To frame expectations for the coming cycle, 21Shares sets out three scenarios: In the bear case, Dogecoin’s post-election rally is described as potentially having “front-run its true cycle potential.” If the token merely compounds at 10 % per year from its 2021 peak of $0.73, it would “land around $0.38 by 2025,” a doubling from today’s $0.18 but, for the first time, a failure to record a new all-time high within a full market cycle. Related Reading: Dogecoin Could Rally To $0.74 ATH If Price Closes Month Above This Level, Analyst Says The neutral case assumes the total crypto-asset market capitalizes at $5 trillion and DOGE’s market share slips from 4 % to 3 %. On those inputs, Dogecoin would be worth roughly $150 billion and trade “near $1 per coin,” about a 5.5-fold gain from current levels, with the token “retaining its stature as the leading memecoin” amid stiffer competition. The bullish projection scales the token’s compounded growth between the pre-2021 bottom of $0.007 and the current-cycle trough of $0.0585, a rate calculated at 189 % per year. “If DOGE were to mirror this explosive growth,” the paper concludes, “DOGE would reach approximately $1.42.” Such an outcome would require a revival of “memecoin mania,” tangible real-world use cases and, critically, deeper integration with major consumer platforms such as Elon Musk’s X. In that environment, the authors write, a full-throated return of retail exuberance “could re-establish DOGE as the breakout asset of the cycle, potentially even doubling its all-time high.” 21Shares finishes on a pragmatic note: “With the right structure, a 1 % allocation to Dogecoin isn’t reckless—it’s rewarding.” At press time, DOGE traded at $0.175. Featured image created with DALL.E, chart from TradingView.com
Dogecoin started a fresh decline from the $0.1900 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1750. DOGE price failed to clear $0.200 and corrected gains. The price is trading below the $0.180 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance 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 $0.1800 resistance zone. Dogecoin Price Eyes Recovery Dogecoin price started a fresh increase above the $0.1650 resistance, like Bitcoin and Ethereum. DOGE climbed above the $0.1720 and $0.1750 resistance levels before the bears appeared. A high was formed at $0.1920 and the price started a fresh decline. There was a move below the $0.180 and $0.1750 levels. A low was formed at $0.1671 and the price is now attempting a recovery wave. It surpassed the 50% Fib retracement level of the downward move from the $0.1807 swing high to the $0.1671 low. Dogecoin price is now trading below the $0.180 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1750 level. There is also a key bearish trend line forming with resistance at $0.1740 on the hourly chart of the DOGE/USD pair. The trend line is near the 61.8% Fib retracement level of the downward move from the $0.1807 swing high to the $0.1671 low. The first major resistance for the bulls could be near the $0.1840 level. The next major resistance is near the $0.1850 level. A close above the $0.1850 resistance might send the price toward the $0.1920 resistance. Any more gains might send the price toward the $0.1980 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 $0.1750 level, it could start another decline. Initial support on the downside is near the $0.170 level. The next major support is near the $0.1680 level. The main support sits at $0.1600. If there is a downside break below the $0.160 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 losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1700 and $0.1680. Major Resistance Levels – $0.1750 and $0.1840.
Crypto analyst Cryptokijker has revealed that the Dogecoin price is poised for a breakout amid massive whales’ accumulation. The analyst also revealed the price targets that DOGE could reach following this breakout. Dogecoin Price Poised For Breakout Above $0.17 In a TradingView post, Cryptokijker predicted that the Dogecoin price is poised for a breakout above $0.1790. The analyst revealed that the targets on this potential breakout are $0.1840 and $0.1920. He noted that the price at this level is showing a neutral-bullish structure after the recent breakout above the Previous Day Low (PDL). Related Reading: Crypto Analyst Says Dogecoin Is Repeating History – Here’s What Happened The analyst also highlighted a hidden bullish divergence spotted on the Relative Strength Index (RSI), indicating strength beneath the surface. This Dogecoin price prediction comes amid a massive accumulation of DOGE by whales. He noted that smart money has been accumulating heavily within the discount zone between $0.15 and $0.16, which supports this bullish bias. The analyst observed that the break of structure on the chart signals the start of a markup phase. He further remarked that the volume profile supports the accumulation-to-expansion transition. Meanwhile, the strong support confirmed at the $0.1760 zone aligns with previous discount accumulation, and the momentum building above the PDL suggests that the Dogecoin price could sustain this bullish momentum. Market participants will also be watching the psychological $0.2 level for the Dogecoin price on this potential breakout. Crypto analyst Ali Martinez revealed that DOGE could rally towards its all-time high (ATH) if it can secure a monthly close above $0.20. The analyst remarked that such a breakout would signal strong bullish momentum and potentially attract increased investor interest. It is worth mentioning that crypto analyst Master Kenobi also recently predicted that the Dogecoin price could reach a new ATH by June. He stated that the foremost meme coin could hit as high as $0.9 on the rally to a new ATH. Other Factors That Support A DOGE Breakout Crypto analyst Trader Tardigrade stated that a Dogecoin price breakout is expected soon, which will send the meme coin higher. This came as he noted that DOGE has been moving between different ranges, experiencing both false breakdowns and breakouts. The analyst added that the meme coin has now returned to its current range, setting the stage for a price breakout. Related Reading: Dogecoin Price Eyes Next Critical Level At $0.18, Is A Break Above $0.25 Possible? In another X post, Trader Tardigrade revealed that the Dogecoin price is forming a diamond above the trendline at around $0.15. Based on this, he affirmed that things are going great for DOGE and urged market participants to wait for the next breakout. At the time of writing, the Dogecoin price is trading at around $0.17, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Technical analyst Kevin, known on X as @Kev_Capital_TA, highlights what he describes as “a low at the exact level that we were eyeing for the last couple of months.” In a post that accompanied the chart, the chartist pointed to the confluence between the macro 38.2 percent Fibonacci retracement—drawn from the 2021 all-time-high to last year’s capitulation low—and a long-running falling resistance line that has acted as support since the depths of the bear market. Spot price touched $0.138 — the numerical location of that 0.382 retracement — before rebounding to the current $0.18 region. Possible Path To $1 For Dogecoin Kevin argues that the higher-time-frame momentum picture is beginning to shift. “The weekly RSI hit the exact level that it has been finding a low on since back in the depths of the bear market yet every time the price gets there we are at higher prices,” he wrote, noting that the relative strength index is carving out successive higher troughs even as price stair-steps upward. At the same time, the one-week Stochastic RSI has already produced a bullish crossover, while a two-week crossover “is pending,” a structure that in previous cycles presaged multi-week rallies in the memecoin. From a risk-reward perspective, Kevin maintains that the asymmetry remains compelling. “Like I was saying weeks ago the risk reward ratio on DOGE was phenomenal as your downside was minimal and the upside was massive,” he said, disclosing that members of his Patreon community took a “sizeable entry at 0.15 cents and have a stop loss set at break even.” In his view, the only missing ingredient is a tail-wind from macroeconomic data: “Positive Macro data is necessary to continue momentum and will expedite the process.” Related Reading: ‘Dogecoin In May And Walk Away,’ Predicts Analyst — What It Means The chart shows a sequence of overhead Fibonacci extension and retracement levels that map out potential resistance zones should the rebound mature into a trend reversal. The first, and closest, is the 50 percent retracement at $0.19039; it coincides with the underside of a broken trend line, making it the next technical gatekeeper. Above that, the 61.8 percent retracement, sitting at roughly $0.26216, marks the golden-ratio threshold that often distinguishes corrective rallies from primary up-trends. A minor cluster at the 65 percent level, visible on Kevin’s chart at $0.28522, represents an intermediate hurdle before price could attack the deeper 78.6 percent retracement around $0.41339—an area that lines up with the early-2022 distribution range. Related Reading: Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time Should Dogecoin reclaim that zone, the full 100 percent retracement near $0.73839 would recover the entirety of the prior decline, while a shaded violet band above $1 depicts the extension territory that would formally usher in price discovery. Crucial Factors Kevin’s framework is not confined to the DOGE pair itself. In a separate post he set a short-term target for Bitcoin Dominance (BTC.D) at 65.45 percent, identifying it as “the macro .786 FIB.” He expects that level to impose resistance on the metric, creating a window during which “altcoins [have] the opportunity to catch a bid.” For Dogecoin bulls, any stall in BTC’s share of the crypto market could reroute liquidity toward the meme-asset complex precisely when the technical backdrop is turning constructive. Despite the recent bounce, Kevin stresses that neither Bitcoin nor the broader altcoin basket has entered a parabolic phase comparable to prior cycles. “Never at any point has BTC or altcoins moved into a parabolic stage,” he wrote, attributing the muted slope to “monetary policy and a lack of liquidity which leads to less social risk.” The analyst sees that dynamic changing as “global liquidity starts to rise and monetary policy starts to ease,” although he cautions that the timetable has been stretched by what he calls “the mistakes by central banks and governments during the pandemic and post pandemic.” For now, the memecoin that began as a joke remains tethered to the macro conversation. A base at the 0.382 Fib and a synchronized momentum reset provide a technical springboard, but Kevin’s thesis—and Dogecoin’s path toward the higher Fib targets of $0.26, $0.41 and beyond—ultimately hinges on the broader cycle delivering the liquidity that has been absent so far. At press time, DOGE traded at $0.175. Featured image created with DALL.E, chart from TradingView.com
Coinbase Custody Trust will hold the fund’s tokens and serve as the official custodian for the ETF.
A recent technical report indicates Dogecoin (DOGE) could be on the verge of a significant price increase in the next few months. The meme coin, which is now trading at $0.17, has recorded a 10% gain in the last week and continues to be up 11% over a 14-day period. Related Reading: XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction Bullish Divergence Indicates Possible Upswing Based on Crypto Bio’s analysis, two separate bullish divergence patterns have emerged on Dogecoin’s chart. The first was seen between June and August 2024, when prices fell to between $0.07 and $0.09 while the Relative Strength Index (RSI) made higher lows. It was followed by a large-scale rally that saw DOGE rise above $0.40 by December 2024. Another pattern with a similar scenario has been developed between the periods of March and April 2025. Although Dogecoin’s value printed lower lows near $0.1300, the RSI once more produced higher lows. Based on such technical features, certain experts anticipate that DOGE might find itself at $0.5 over the coming two or three months. The Math Behind ‘Dogecoin Millionaires’ There are discussions about new ‘Dogecoin millionaires’ that have excited investors. The figures, though, paint a more serious picture. Assuming a price of $0.5, a $10,000 investment would become around $27,530 – a gain of $17,530. $DOGE is waking up. The same signs, the same setup. Millionaires will be made in the next 2-3 months!????#DOGECOIN ???????? pic.twitter.com/mKQjjglJiO — Crypto Bio (@CryptoBio_) April 27, 2025 In order to actually become a millionaire if DOGE reaches $0.5, an investor would need to have around 2 million coins, currently valued at around $360,000. According to Crypto Bio, given all these figures and probabilities, “millionaires will be made in the next two to three months.” This reality check underscores the vast amount of money required to meet the ‘millionaire’ goal that is utilized to recruit prospective investors in the cryptocurrency. Technical Support From Parabolic Trendline Another analyst, “abermix,” notes that Dogecoin is presently riding a long-term parabolic trendline that started around $0.05 during 2022-2023. Although there were numerous tries to fall below this curve at different price levels ($0.06, $0.08, and $0.14), DOGE has repeatedly jumped back to hold ground above the line. $doge is conforming to this parabolic trendline at the moment idk if it’s valid but it looks like it xD can we expect a bounce soon?#Dogecoin pic.twitter.com/moQHd7WCpt — abermix (@abermixcrypto) April 27, 2025 Related Reading: Justin Sun Bets Big On JUST Token – Here’s Why He Sees 100x Potential The price is trading slightly below both short-term and long-term exponential moving averages (EMAs) currently. Experts believe that a breakout above $0.20 will validate a larger trend reversal and open the doors for further advances. Falling Wedge Formation Adds To Bullish Outlook According to April 25 reports, Dogecoin has extricated itself from a “falling wedge” formation that had placed it in a downtrend for many months. Previous levels of resistance were tested in February at $0.28 and April at $0.16. Market observers comment that although these technical indicators look encouraging, cryptocurrency prices are extremely volatile. The present price movement comes after several months of horizontal trading following DOGE’s peak at $0.19, and any investment choice should account for the volatility of the market. Featured image from Gemini Imagen, chart from TradingView
Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or […]
The post Nasdaq files to list 21Shares Dogecoin ETF, signaling mainstream crypto acceptance appeared first on CryptoSlate.
Bitwise and Grayscale have also applied for ETFs tracking Dogecoin.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto trader Josh Olszewicz – better known to chart-watchers by his handle @CarpeNoctom – has taken the old equities adage “Sell in May and go away” and given it a canine twist. On Monday he posted a one-day Ichimoku chart of DOGE/USD stamped 28 April 2025, adding the quip: “DOGE in May and Walk Away?” Behind the word-play sits a price map that highlights the market’s make-or-break zone as the meme coin drifts toward the seasonally tricky month of May. Sell Dogecoin In May? Olszewicz annotates the February–April basing action with the classical letters S-H-S?, marking a potential inverse head-and-shoulders. The left shoulder formed in mid-March just above $0.14; the head spiked to roughly $0.13 on 7 April; the market is now probing for a right-shoulder low near $0.17-0.18. A duo of dotted trend-lines defines a downward-sloping neckline that currently intersects the price axis in the $0.185–0.195 area. A daily close above that band would validate the reversal pattern; the measured-move objective, taken conservatively from the head ($0.14) to the neckline ($0.185), implies upside toward $0.23. The white reference line drawn at $0.28181 marks a prior horizontal supply shelf – and, not coincidentally, the mid-June projection of Senkou-span resistance – offering a secondary target if the pattern plays out in full. Related Reading: Dogecoin On Track For $10+ Explosion By October 2025, Says Crypto Pundit The chart also employs modified Ichimoku settings (20, 60, 120, 30), widening the lens to suit crypto’s volatility. At Monday’s close Dogecoin sits at $0.17533, wedged between a rising Tenkan-sen at $0.16471 and a flat Kijun-sen at $0.18593. Price below the baseline keeps the longer-term signal bearish, yet the Tenkan flipping beneath price hints at near-term momentum. Forward-projected thirty periods, the cloud itself is bearishly red with its lower boundary (Senkou Span A) beginning at $0.20825 and its upper boundary (Senkou Span B) flat at $0.31392. In other words, even a neckline break would deliver Dogecoin straight into a $0.21–0.31 supply zone that has capped every rally since early January’s cascade. Bulls therefore face a two-step job: first reclaim the neckline and Kijun, then chew through a month-deep overhang of supply inside the Kumo. Related Reading: Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time The maxim Olszewicz riffs on – “Sell in May and go away” – stems from centuries-old seasonality in equities, warning of weak summer performance. By substituting DOGE for sell, he floats the contrarian idea that the dog coin itself might be the asset investors walk toward, not away from, in a traditionally lethargic period. Technically that thesis hinges on bulls forcing a breakout in the opening weeks of May, before the neckline descends further and the cloud thickens. Failure to do so would leave the pattern unconfirmed, keep price imprisoned beneath the Kijun, and preserve the prevailing down-trend that began with January’s blow-off above $0.48. Support then rests first at the Tenkan ($0.165), with March’s capitulation wick near $0.14 as the final line in the sand. At press time, DOGE traded at $0.178. Featured image created with DALL.E, chart from TradingView.com
An analyst has explained how a Dogecoin monthly close above this level could pave the way for the memecoin to retest its all-time high (ATH). Dogecoin Is Trading Around The Lower End Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern that the monthly price of Dogecoin has been showing recently. The pattern in question is an “Ascending Channel,” which is a type of Parallel Channel. Parallel Channels form when an asset’s price consolidates between two parallel trendlines. The upper line is likely to provide resistance in the future, while the lower one support. A break out of either of these levels can imply a continuation of trend in that direction. Related Reading: Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints Parallel Channels can be of three types. The most basic one involves trendlines that are parallel to the time-axis. This case emerges when consolidation happens in a sideways manner. The other two types form when the asset consolidates at an angle. When this happens in the up direction, the channel forming is known as an Ascending Channel. Similarly, a downward consolidation results in a Descending Channel. In the context of the current topic, the former of the two is of interest. Since an Ascending Channel represents a phase of net upward consolidation in the price, its upper line connects together higher highs and the lower one higher lows. Below is the chart shared by the analyst that shows the Ascending Channel that the 1-month price of Dogecoin has been stuck inside for the last several years. As is visible in the above graph, the 1-month Dogecoin price has recently fallen to the lower level of this long-term Ascending Channel and appears to be slipping under it. If the memecoin now sees a sustained move down, a breakout toward the downside could be confirmed. In the scenario that it can recover above the lower level of the channel again, however, its path may once again become that charted out by the pattern. The bottom level of the Ascending Channel isn’t the only one that the asset is very close to breaking above; there is also the 0.786 Fibonacci Retracement level. Fibonacci Retracement levels are based on ratios from the famous Fibonacci series. The 0.786 Fibonacci Retracement line from the chart is situated around the $0.20 price level. The next major level, the 1.000 Retracement, corresponds to DOGE’s ATH of around $0.74. Related Reading: Ethereum Whales Sell, But Bitcoin’s Key Investors Are Buying As Martinez explains, If Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. DOGE Price At the time of writing, Dogecoin is trading around $0.17, up over 9% in the last week. Featured image from Dall-E, charts from TradingView.com
Crypto pundit ÐOGECAPITAL—known on X as @DimaPotts36—circulated a sweeping ten-year weekly chart that projects a late-cycle peak for the meme coin near double-digit territory. “DOGE $10+ DOGECOIN?!” he teased in the accompanying post, setting an audacious tone for what is otherwise a rigorously constructed piece of cycle analysis. Dogecoin Targets $10 Cycle Peak Potts’ chart is anchored by a rising, two-point regression channel whose lower rail began at Dogecoin’s 2015–2016 base near $0.0001 and now sits just under $0.12. The upper rail, which has acted as resistance in every prior mania phase, currently extrapolates to roughly $69.42 by late 2025—the level highlighted in red where Potts places the next speculative blow-off. Inside that corridor, price action forms three successive rounded bottoms, each capped by a descending yellow resistance line and undergirded by a red basing arc. The geometry alone implies mounting compression: the present triangle apex, lying at $0.17, is almost exactly where DOGE has been coiling for months. Related Reading: Before Dogecoin Hits $1, This Needs To Happen — Analyst Explains The engine driving the forecast is a proprietary dual-wave oscillator rendered as a thicker turquoise wave and a swifter yellow counterpart. Potts explains that “cycle tops have historically printed in two ways: an early top when the yellow wave dips below the green, and a late top when the yellow wave plunges under the horizontal red line at –0.00013.” Vertical purple bars mark every such event on the price chart. According to his archival reconstruction, the oscillator flashed a late top in February 2014, painted twin peaks in the 2017–2018 run, and signalled only an early top in May 2021 when DOGE notched its record $0.739 high. The early-cycle signal appeared on March 6 this year—leaving an expected late-cycle breach still on the table. “If this pattern holds,” Potts writes, “a cycle top is likely around the week of October 27th,” a moment the chart underscores with a final purple bar and a white arrow labelled “LATE TOP.” Related Reading: Can Dogecoin Realistically Reach $3? Analyst Weighs In That date dovetails with the oscillator’s predicted descent below the red threshold (–0.00013) and with the upper channel, which will then hover in the $60–70 range. Potts, however, grounds expectations by flagging $10 as a psychologically resonant milestone—the first round number one logarithmic order higher than the 2021 summit. Historical symmetry strengthens the call. In both earlier cycles, Dogecoin’s break of the yellow down-sloping lid unleashed vertical rallies that did not culminate until the upper white boundary was tagged. The geometry implies a similar stair-step may be at hand: a weekly close above the current yellow resistance, now parked just below $0.20, would enable a decisive push towards the upper rail. Potts remarks that “each cycle has touched the upper white curved trendline,” pointing to the channel’s remarkable predictive persistence. Whether the meme coin can repeat its parabolic history will depend on extrinsic factors—Bitcoin’s own halving cadence, global liquidity, and social-media-driven hype—but the oscillator’s track record is unblemished. As Potts puts it, “this indicator has accurately identified all cycle tops for DOGECOIN,” and until it proves otherwise traders will be watching the –0.00013 trigger and the integrity of the channel’s lower rail for confirmation of the next explosive rally for Dogecoin price. At press time, DOGE traded at $0.18. Featured image created with DALL.E, chart from TradingView.com
Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. Analyst Flags Daily Trend Reversal On Dogecoin Chart A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced by a technical analysis of Dogecoin’s price action. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Dogecoin’s price recently broke above a descending trendline that had defined its downtrend for several weeks. This breakout occurred on April 22, when Dogecoin closed above $0.165 on the daily candlestick timeframe. This breakout was the first step indicating the coin was escaping its bearish trajectory. Shortly after breaching the downward sloping resistance line, Dogecoin’s price pulled back between April 23 and April 24 to retest the same trendline, but this time from above. Importantly, the former resistance trendline held strong as a new support level during the retest. Following that successful test, Dogecoin resumed its upward climb, marking the continuation of the new uptrend. This pattern of breakout, retest, continuation is a classic technical confirmation of a trend reversal. The successful retest of this trendline gives more confidence that the bullish shift is real and not a false signal. Image From X: Trader Tardigrade Bullish Target: $0.25 By Early May With the daily trend now pointing upward, the focus is now on how far this new uptrend could carry Dogecoin. According to Trader Tardigrade’s analysis, Dogecoin could continue climbing in the coming days, potentially crossing the quarter-dollar mark very soon. As indicated on the chart he shared by Trader Tardigrade, the next Dogecoin price target is around $0.25 by the first week of May. If achieved, a rise to $0.25 would be a significant milestone, considering Dogecoin has been stuck in a downtrend for over 10 weeks. As such, a break to $0.25 would mark Dogecoin’s highest price since late February and a robust recovery from its recent lows around the $0.14 to $0.15 range. Such a move would also represent roughly a 51% gain from the breakout level of $0.165. However, $0.25 is only the target in the short term. In a separate analysis, Trader Tardigrade pointed to Dogecoin’s long-term chart, highlighting a round bottom formation. The accompanying chart shows that in previous cycles, Dogecoin’s price formed a rounded bottom before entering explosive upward trends. This repeated pattern, now visible again on the monthly timeframe, signals that Dogecoin may be on the verge of another significant breakout. The long-term price target in this case is $2.8. Image From X: Trader Tardigrade Related Reading: XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says At the time of writing, Dogecoin is trading at $0.18. Featured image from Unsplash, chart from TradingView
The altcoin market has been one of the most-affected segments of the crypto industry by the uncertainty that has clouded the global financial markets in the past few months. For instance, Dogecoin — the largest meme coin by market capitalization — lost over 55% of its value in the first quarter of 2025. However, things seem to be looking up for the DOGE token, as its price jumped by nearly 15% in the past week. According to the latest on-chain observation, this recent rally might just be the beginning of another leg up for the meme coin over the coming weeks. Is A Sustained Bull Run On The Cards For DOGE? In an April 26 post on the X platform, pseudonymous crypto analyst Cryptollica posited that the price of Dogecoin could be gearing up for an extended bullish period over the next few weeks. This projection is based on the changes in the MVRV metric, which tracks the ratio of a coin’s market cap to its realized cap. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The MVRV ratio basically tells how much value the investors hold (the market cap) against the value they put in (the realized cap). Hence, when the value of this metric is greater than 1, it means that more investors are in profit at the moment. Meanwhile, a less-than-one value implies that most of the market is in the red. As such, a high MVRV ratio is generally viewed as a price top signal because investors show more propensity to offload their assets when they are in profit. On the flip side, when the metric is below the “1” threshold, it suggests that the market might be bottoming out. As observed in the chart above, the Dogecoin MVRV ratio seems to be thickening in and around the “1” threshold level. Besides its on-chain significance, this level has proven pivotal in certain trend reversals seen in the past, with the DOGE price bouncing back to a new local high each time the MVRV ratio persists around this mark. The price of Dogecoin surged by 1,900% and 2,200% in August 2017 and August 2020, respectively, when the MVRV ratio was at its current level. The last time it was around this level in August 2024, the DOGE price rallied by more than 400% to surpass $0.5. Going by the historical precedent, there is a likelihood that the DOGE price could be preparing for a significant upward movement. Considering the improving market climate, a sustained bullish run might not seem completely out of the question anymore at this point. Dogecoin Price At A Glance After briefly touching the $0.19 mark in the early hours of Saturday, April 19, the DOGE price appears to have cooled off. As of this writing, the price of DOGE is hovering around $0.18, reflecting a 0.3% decline in the past 24 hours. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? Featured image from iStock, chart from TradingView
The merger with Coeptis (COEP), a biopharmaceuticals company, is expected to occur in Q3 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
VisionPulsed, a popular YouTube chart analyst, believes Dogecoin’s path to the long-awaited one-dollar milestone still runs through a narrow technical corridor that has not yet been cleared. In his latest video, titled “THIS MUST HAPPEN TO CONFIRM DOGECOIN $1 PUMP and AVOID BEAR MARKET CRASH,” the analyst argues that Dogecoin and its bellwether Bitcoin have both broken their multi-month downtrends, but stresses that the market has one final proving ground to cross before a full-blown uptrend can take hold. When Will Dogecoin Reach $1? “We broke the downtrend—no matter how you draw it, it’s broken,” VisionPulsed tells viewers, pointing to Dogecoin’s diagonal resistance line that dates back to early 2024. In his framework, that downtrend was one of five “layers of hell,” a tongue-in-cheek name for stacked Fibonacci retracements and moving-average caps that have suffocated rallies since the 2021 peak. Three of those layers, he notes, are already “green,” and the fourth—essentially the 0.618 retracement—has now stalled price action. Related Reading: Can Dogecoin Realistically Reach $3? Analyst Weighs In Historically, VisionPulsed adds, every decisive trend break in this cycle has been followed by a retracement that “back-tests” the former resistance as new support. He cites two prior episodes on Bitcoin where the market circled back 50–60 days later to kiss the trendline before rallying. A similar rhythm would place Dogecoin’s potential retest in May. “It doesn’t have to happen,” he concedes, “but I’m not going to ignore it.” Much of the argument rests on Bitcoin, whose breakout he says is more advanced than Dogecoin. VisionPulsed sets $94,000 as the last bearish redoubt for Bitcoin—the level where the 0.618 retracement and a prior horizontal shelf converge. “This $94,000 range is basically the last resistance before it’s full-blown bull-market bullish,” he states. If Bitcoin vaults that barrier, his chart implies an air-pocket move to $100,000 and then $128,000, a scenario that would almost certainly lift Dogecoin with it. Conversely, a rejection at $94,000 and a slide back to the broken trend would keep the larger market in check and extend Dogecoin’s sideways drift. The analyst insists he has “learned [his] lesson saying things have to happen,” framing the levels as conditional road signs rather than certainties. Related Reading: Dogecoin Trader Who Nailed 300% Rally Says It’s About To Repeat For Dogecoin itself, VisionPulsed is candid: an explosive ascent is not imminent. “I still think the best-case scenario for Dogecoin is sideways,” he says, clarifying that by “up” he means the kind of vertical “barrage of green candles” last seen in early 2021. What encourages him is the subtle upward curl of the daily stochastic RSI—“the higher it goes, the more bullish probability increases,” he notes—without yet flashing the overbought extremes that preceded previous eruptions. Overlaying macro correlations, the analyst is watching the euro-dollar pair, which he argues has foreshadowed local Bitcoin tops throughout this cycle. If the euro rolls over while Bitcoin pushes into the mid-$90,000, past behavior suggests a near-term crypto peak could follow. Still, he declines to forecast a final top, saying, “We’ll worry about that when the time comes.” Taken together, VisionPulsed’s roadmap proposes a quiet consolidation through late April into May, a possible trendline retest, and then a decision point at Bitcoin $94,000. Only when that barrier is flipped into support, he contends, does Dogecoin earn the structural clearance to challenge the psychological one-dollar marker. At press time, DOGE traded at $0.175. Featured image created with DALL.E, chart from TradingView.com