Dogecoin started a fresh increase above the $0.1700 zone against the US Dollar. DOGE is now correcting gains and might find bids near the $0.1650 zone. DOGE price started a decent upward move above the $0.1700 level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.1760 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 Corrects Gains Dogecoin price started a fresh increase above the $0.1650 resistance, like Bitcoin and Ethereum. DOGE climbed above the $0.1700 and $0.1800 resistance levels before the bears appeared. A high was formed at $0.1852 and the price started a downside correction. There was a move below the $0.180 and $0.1750 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1558 swing low to the $0.1852 high. There was also a break below a key bullish trend line with support at $0.1760 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.170 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 $0.180 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 $0.180 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1705 level and the 50% Fib retracement level of the upward move from the $0.1558 swing low to the $0.1852 high. 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 losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1705 and $0.1650. Major Resistance Levels – $0.1800 and $0.1850.
In a broadcast on X, independent market analyst Kevin (@Kev_Capital_TA) dissected the perennial retail question that resurfaces every bull cycle: can Dogecoin plausibly climb to the psychologically charged level of $3 per coin? From the outset Kevin resisted the audience’s invitation to dispense the kind of sensationalist price targets that animate algorithm-curated social feeds. “Can it? Yeah, it can,” he acknowledged, before striking the cautionary tone that would frame the rest of the discussion: “It’s really hard to say. I know that the popular thing to do, and it’ll probably get me more clicks and more engagement, is to create altcoin price prediction videos, but the reality is I don’t want to do that, because it’s impossible to do.” How Dogecoin Could Reach $3 Kevin anchored his argument in macro fundamentals rather than chart-pattern wish-casting. If the Federal Reserve executes the dual rate cuts he expects in June and July — “there’s definitely rate cuts coming,” he asserted — and if loose monetary conditions send Bitcoin into the $220,000 to $250,000 range, then, in his view, “Doge can get to there.” Related Reading: Dogecoin Trader Who Nailed 300% Rally Says It’s About To Repeat By “there,” Kevin was referring not merely to a return to the 2021 all-time high of roughly $0.74, but potentially to a Fibonacci-extension level frequently eyed by technical traders. “Dogecoin has hit in both cycles the 1.618 fib. The 1.618 fib is at $3.94,” he reminded listeners, adding that the level has a “100 percent hit rate of being hit in each bull market.” Yet the analyst was equally emphatic that the inverse scenario — a tamer Bitcoin advance to the $120,000 to $130,000 area amid restrained policy easing — would cap Dogecoin near “previous all-time highs or $1.” The takeaway, Kevin insisted, is that alt-coins “are oscillators to Bitcoin [and] to monetary policy,” and that any deterministic forecast detached from macro conditions is a “fake answer.” For market participants hoping to time an exit, Kevin advocated a sentiment-driven framework instead of fixating on absolute price points. “When sentiment gets into a euphoric stage and you have indicators on higher time frames super-overheated, you need to be taking profits.” He pointed to December 2024, when he reportedly trimmed spot holdings at $0.40, as an object lesson in disciplined risk reduction. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? Asked whether a $3 print would defy historical precedent, Kevin invoked pattern repetition rather than probability theory. “To deny that it can happen would be stupid,” he said, but reiterated that the market will ultimately adjudicate. “My philosophy… is you track it as it comes.” The Federal Open Market Committee’s next meeting on 12 June could provide the first empirical test of the rate-cut thesis underpinning the bullish-case scenario. Until then, traders eyeing a parabolic move in Dogecoin may find themselves tethered less to price targets than to the shifting tides of monetary policy, Bitcoin dominance and retail sentiment — the very trifecta Kevin argues will dictate whether the most famous Shiba Inu in finance can make the leap from cents to dollars. At press time, DOGE traded at $0.17993. Featured image created with DALL.E, chart from TradingView.com
Dogecon continues to look toward a rebound despite the market sentiment. This has been strengthened by the increased market participation and rise in the Bitcoin price over this time. As bulls continue to dominate the market now, it could mean an end to the downtrend that began in January 2025, and the beginning of a recovery that could see the Dogecoin price reach new all-time highs. Dogecoin Price Is Hitting A New Bottom According to pseudonymous crypto analyst Master Ananda, the Dogecoin price is going through a classic resistance-turned-support dynamic, which could trigger a rally. This began back in 2024 when the Dogecoin price hit new local peaks, but given that the Dogecoin price is trading at what is expected to be the 2025 bottom, this could be good news for the meme coin. Related Reading: Ethereum At $9,200, XRP At $5,800, And Solana At $3,400? Analyst Says This Is Not Possible As the crypto analyst points out, the Dogecoin price has undergone a perfect 3-3-5 correction pattern based on a complex ABC wave. At the same time, the market action, as well as the Fibonacci levels, could be showing the end of this correction. The thing about these types of corrections is that once they are done, an impulse wave tends to follow, which turns out to be a bullish wave, more often than not. “After the late 2024 bullish cycle, Dogecoin entered a classic correction,” the crypto analyst explained. “This correction started on the 08-Dec. ’24 session and ended 07-Apr. ’25, support was found in the mid- to late 2024 consolidation range and resistance zone.” Where Is The Price Headed From Here? With a breakout expected to follow the end of the ABC correction, the next targets have been placed at more than 100% by the crypto analyst. As Master Ananda explained, the Dogecoin price is currently on the verge of a maximum bullish momentum and growth. As such, there is a higher chance that the resultant surge could trigger a rise toward all-time high levels. Related Reading: Crypto Analyst Reveals When The XRP Price Will Reach $25 – It’s Not Far Off However, on the shorter timeframe, the crypto analyst points out a possible 333% rise from here. This would put the Dogecoin price above $0.4 and at the same time, put it on a path to beating $0.7 in the end. Additionally, the crypto analyst points out that the lack of action on the chart, as well as the muted trading volume, suggests that it is still very early for Dogecoin. When it eventually moves, it is expected to explode, especially as the leading meme coin. “Dogecoin is still trading at bottom prices, go for it, it is not too late,” the crypto analyst said in closing. Chart from TradingView.com
Nearly $530 million in shorts, or bets on lower prices, booked losses amid a general unwinding of leveraged bets.
Dogecoin (DOGE) is once again breaking out of a textbook falling‑wedge formation, and the analyst who anticipated the memecoin’s last three‑fold explosion thinks the stage is set for an encore. “Breaking crucial area, expecting solid bullish wave in midterm,” World Of Charts (@WorldOfCharts1) told his X followers while sharing a 12‑hour Binance chart. Major Dogecoin Upswing Incoming? He referenced a post from April 13 where he predicted: “Doge: We caught this big move in Oct 2024, Dogecoin went more than 3×. Now again Doge [is] on [the] verge of massive breakout… expecting 3× from here.” The chart shows five months of compression that began when DOGE topped at just under $0.48 in early December. Since then, every rally has stalled beneath a descending resistance trendline, which now cuts through the mid‑$0.155 zone; parallel support currently tracks the $0.14 area after cushioning a pair of capitulation wicks in March and April. The price is now breaking out of the upper boundary for the first time in almost two weeks. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? World Of Charts’ measured‑move overlay starts at the notional breakout above $0.17 and projects a vertical advance of $0.21804, implying a primary objective just shy of $0.39—a 138% gain from the trigger and within striking distance of the psychological $0.40 handle. If the setup delivers the same magnitude as last year’s wedge, the could ultimately test $0.65, completing a fresh three‑fold rally. The time symmetry behind the call is hard to ignore: the current wedge has compressed for almost six months, mirroring the consolidation that preceded the October–December 2024 eruption from $0.11 to $0.48. Volume has thinned with each contraction cycle, a classic pre‑breakout signature, while momentum oscillators on lower time frames are beginning to tilt positive as spot reclaims its 50‑EMA. Related Reading: Dogecoin Charts Flash 2020-Style Bull Signal, Crypto Analyst Says Other analysts remain focused on Bitcoin’s grip over market beta. “If BTC breaks above $89K and shows conviction upwards I think Dogecoin gets back to $0.26 relatively quick,” cautions Kevin (@Kev_Capital_TA). “BTC holds the cards as always, especially with BTC dominance pushing higher and monetary policy still tight.” In his analysis, $0.26 represents the 0.618 Fibonacci retracement of the November–March slide, marking the first substantive hurdle even if DOGE clears wedge resistance. From a pure chart‑based perspective, the battle lines are now sharply drawn. A decisive daily close above trendline and a successful retest would confirm the breakout, shift the red demand band into a springboard, and expose successive targets. Failure to punch through would keep price pinned inside the pattern, with any slip below $0.15 risking a slide toward structural support at $0.13 and, in extremis, the $0.11 pivot that launched last year’s parabolic ascent. At press time, DOGE traded at $0.1641. Featured image created with DALL.E, chart from TradingView.com
Dogecoin started a fresh increase from the $0.1500 zone against the US Dollar. DOGE is consolidating and might aim for an upside break above the $0.1650 resistance. DOGE price started a decent upward move above the $0.1550 level. The price is trading above the $0.1580 level and the 100-hourly simple moving average. There is a short-term bullish trend line forming with support at $0.1590 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1650 resistance zone. Dogecoin Price Turns Red Dogecoin price started a fresh decline after it failed to clear $0.1640, unlike Bitcoin and like Ethereum. DOGE dipped below the $0.1620 and $0.1600 support levels. The bears were able to push the price below the $0.1565 support level. It even traded close to the $0.1550 support. A low was formed at $0.1558 and the price recently corrected some losses. There was a minor move above the 50% Fib retracement level of the downward move from the $0.1635 swing high to the $0.1558 low. Dogecoin price is now trading above the $0.1580 level and the 100-hourly simple moving average. Besides, there is a short-term bullish trend line forming with support at $0.1590 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1620 level and the 76.4% Fib retracement level of the downward move from the $0.1635 swing high to the $0.1558 low. The first major resistance for the bulls could be near the $0.1640 level. The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1720 resistance. Any more gains might send the price toward the $0.1780 level. The next major stop for the bulls might be $0.1800. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1620 level, it could start another decline. Initial support on the downside is near the $0.1590 level. The next major support is near the $0.1565 level. The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1500 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 – $0.1590 and $0.1550. Major Resistance Levels – $0.1620 and $0.1640.
Dogecoin’s chart has turned into what independent market analyst Kevin calls “literally doing nothing” for almost a month and a half. In a broadcast on X, the veteran technician recounted that the memecoin’s last decisive move was a sharp sell‑off more than six weeks ago; since then price has compressed into a narrow band, threatening to lose the structural support it reclaimed at the end of March. Dogecoin Momentum Still Weak Kevin has been monitoring the same horizontal levels for “weeks.” The upper bound of the range is the post‑bear‑market breakout retest around $0.156, while the key Fibonacci retracement “macro 0.382” sits lower at $0.138 — a zone he has repeatedly described as his “line in the sand.” Only a weekly candle close beneath that level would convince him that the rally that began in late 2023 has fully broken down. “If Dogecoin breaks $0.138 on weekly closes, then it’s probably over,” he cautioned. Momentum signals are failing to provide early confirmation either way. Commenting on the much‑watched 3-day MACD, Kevin pushed back against social‑media claims that a bullish cross is already in play. “People don’t know how to read this indicator properly,” he said. “Technically, yes, by definition it’s a cross, but it’s really not a cross […] You have to have expansion of the moving averages in order to have a confirmed cross.” Without that expansion, he warned, the fledgling uptick in the histogram could “easily just roll right over.” With spot price inertia now stretching to 42 days, risk‑reward has compressed as well. Kevin frames the decision tree in stark terms: hold the $0.156–$0.138 congestion and Dogecoin keeps its constructive medium‑term structure; lose it and traders must look down to the psychological $0.10 shelf. Even there, he sees only the possibility of a counter‑trend bounce toward $0.25–0.26. Related Reading: Dogecoin Charts Flash 2020-Style Bull Signal, Crypto Analyst Says The broader-market backdrop offers little immediate relief. Using Bitcoin as a leading indicator, Kevin reminds viewers that the entire complex remains in what he calls a “major correctional phase,” triggered when the three‑day MACD crossed down in January 2025. Historical study of Bitcoin’s macro pullbacks suggests they persist “anywhere from 114 to 174 days,” he noted. “They operate the same way no matter what the economic circumstances are. They last anywhere from 114 to 174 [days]. Every single time whether it’s a bear market [or] bull market. Bad news, good news doesn’t matter. They always last the same amount of time. 174 days being the longest in history, 114 days being the average of every correct major correctional period in history,” Kevin explained. Related Reading: Dogecoin’s $1 Dream Isn’t Dead—Analyst Predicts Summer Breakout Should Bitcoin fail to defend $70,000, he argues, odds of a fresh all‑time high in the short run would be quite low. “If Bitcoin breaks $70,000 and goes into the $60,000’s, we’re gonna get a huge bounce out of there. You get a huge countertrend rally. Everything will look rosy again, but the chances are that it makes a new high very slim. Same goes for Dogecoin. If dogecoin comes down to this $0.10 level and it gets a bounce, maybe it comes like a big counter trend rally back up to like $0.25 or $0.26 and then it just rolls over and that’s the end,” Kevin stated. For Dogecoin, therefore, the next decisive signal is likely to be a hard break of the $0.156–$0.138 corridor or a confirmed momentum resurgence on the higher‑time‑frame MACD — whichever comes first. Until then, the asset remains trapped in Kevin’s words: “We’ve done nothing… there’s not much to talk about.” At press time, DOGE traded at $0.1621. Featured image created with DALL.E, chart from TradingView.com
Dogecoin enthusiasts around the globe commemorated today as “Dogeday,” an increasingly popular annual tradition that highlights the meme cryptocurrency’s passionate fan base. Celebrated on April 20, this marks the fourth year of expansion for what was initially an online joke turned eighth-largest cryptocurrency by market cap. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Community Spirit Fuels $23 Billion Market Cap What started as a joke project in 2013 has become a serious money player with a market capitalization of about $23.3 billion, based on Coingecko data. Analysts attribute the success of Dogecoin to its robust community. “Bitcoin or Ethereum is capped supply, while inflation in Dogecoin helps small investors carry big bags,” stated Anndy Lian, a blockchain advisor. The coin introduces around 5 billion new coins annually, maintaining entry fees low for newcomers. This strategy has created a devoted fan base that shows up in large numbers for the annual April 20th celebration, which initially caught on in 2021 by aligning itself with International Weed Day. Today is the 4th anniverary of #DogeDay???? @dogecoin Our beloved OG meme are adored by millions for its grassroots fun and crypto flaire! Which Doge moment below lit your heart?#BitgetDogeDay pic.twitter.com/kfGfx93Dyn — Bitget (@bitgetglobal) April 20, 2025 ETF Decisions May Alter Dogecoin’s Destiny Some of the large financial institutions are presently waiting for decisions surrounding the Dogecoin ETF proposals, which could bring this cryptocurrency further into the limelight for mainstream investors. According to the sources that are privy to the development, applications are presently under consideration by the U.S. Securities and Exchange Commission (SEC) for Bitwise, Grayscale, 21Shares, and Osprey Funds among others. The initial approvals may arrive as early as May 18 for Bitwise, then Grayscale’s deadline on May 21. But the SEC can delay final decisions until October. With approval, those ETFs would enable institutional investors such as pension funds and banks to invest in Dogecoin through standard stock exchanges, potentially injecting massive new money into the space. Musk’s Endorsement Keeps Fuelling Popularity Elon Musk’s continued support has been essential to Dogecoin’s sustained popularity in the saturated cryptocurrency market. The entrepreneur behind Tesla and SpaceX has continually referred to Dogecoin as “the people’s crypto,” with his social media posts frequently causing price spikes. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Long-term Sustainability In Doubt Despite Cultural Following Not all join the enthusiasm in the community. Critics note that in contrast with Bitcoin or Ethereum, Dogecoin has no technical features such as smart contracts and staking. Its popularity relies on the hype on social media and popularity from celebrities over technological advancements. In spite of all this, hashtags such as #Dogeday2025 and #DogecoinToTheMoon were being used on X. People posted memes of the Shiba Inu mascot in space suits, jokes pertaining to future riches, and videos commemorating the longevity of the cryptocurrency in a risky market. Featured image from Gemini Imagen, chart from TradingView
Investors in Dogecoin were sent mixed signals this week after market analysts disclosed forecasts regarding the future price action of the meme cryptocurrency. Some predict a spectacular rally, while others forecast a sharp decline before there can be any rally. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says Analyst Predicts 500% Price Jump Based On Chart Pattern From crypto commentator “Steph is Crypto,” Dogecoin looks primed for an epic price surge in excess of 500%. That’s the estimate based on a chart pattern seen before a preceding market cycle during which Dogecoin surged 501% after trending down in the last few weeks. “Bottom signal flashing,” Steph tweeted on social media site X, implying that the same pattern is developing again following another 129-day downtrend. If this trend holds, Dogecoin will rise as much as $0.73583 within the next few weeks. ???? SIGNAL:$DOGE BOTTOM SIGNAL FLASHING. PREPARE FOR +500% IN THE NEXT WEEKS! #DOGECOIN pic.twitter.com/qGI9Sea4ZJ — STEPH IS CRYPTO (@Steph_iscrypto) April 19, 2025 The Drop Before Reversal Not everyone agrees with this optimistic view, though. An alternative prediction from SwallowAcademy on TradingView is that Dogecoin may first see a dramatic fall before it can go up. Their study of the price action of Dogecoin relative to Tether (USDT) indicates a possible 40% drop to the $0.09 support level. SwallowAcademy’s analysis observes that following a brush with close to $0.23 earlier this year, Dogecoin dropped to $0.09 before rising above $0.45. The analyst foresees the same trend happening, with a sharp drop followed by a four times jump that might ultimately retest the $0.45 level. When this report was made, Dogecoin was trading above $0.15. Short-Term Trader Numbers Spike Market intelligence company IntoTheBlock’s data shows dramatic shifts in the behavior of Dogecoin holders. Long-term holders who owned the cryptocurrency for more than a year fell by 2.67% last month. Medium-term holders (one to 12 months) fell by nearly 12%. Meanwhile, short-term traders with holding time of less than one month rose by over 100%. This radical movement toward short-term speculation might signify greater price volatility since these traders will respond rapidly to changes in the market. Related Reading: Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip Large Investor Activity Shows Massive Increase Perhaps the most dramatic statistics come from monitoring large holder transactions. Large holder inflows increased by over 5% in the last week, as reported by IntoTheBlock. On a longer term basis, these inflows were up 324% in the last 30 days. This increase in whale activity indicates significant investors may be setting themselves up for future price action even though daily trading continues to be dominated by smaller, short-term traders. Featured image from Unsplash, chart from TradingView
Dogecoin has been trading in a tight range lately, with its price movement increasingly narrowing over the past few days between $0.15 and $0.16. This increasingly narrowing range comes off a wider downside consolidation move since the beginning of April, which has led to the creation of a triangle pattern on the 4-hour candlestick timeframe chart. Related Reading: Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says As it stands, Dogecoin is trying to recover from earlier losses in April, and a recent higher low points to growing bullish activity that could send it pushing above the upper trendline of the triangle pattern in the coming week. Analyst Notes Classic Market Indecision In Dogecoin Structure Crypto analyst Trader Tardigrade recently brought attention to Dogecoin’s current price structure in a post shared on the social media platform X, noting a converging triangle formation that reflects growing indecision in the market. According to his analysis, Dogecoin’s price action has transitioned from a clear downtrend (visible throughout late March and extending into the first week of April) into a state of consolidation that has persisted over the past two weeks. Looking at the resulting triangle formation on the 4-hour candlestick timeframe chart, it is easy to infer that both buyers and sellers are exercising caution. Buyers are reluctant to enter at higher levels, while sellers seem unwilling to push prices lower, creating a narrowing band of price action since April 15. The result is a compression of volatility, which could break out in either direction. Image From X: Trader Tardigrade What Comes After The Indecision Phase? As shown in the Dogecoin price chart above, the memecoin is now approaching the tip of the triangle. In this particular case, the structure leans toward a bullish breakout, with market behavior showing signs of upward pressure building beneath the surface by a 2.77% increase in trading volume in the past 24 hours. Trader Tardigrade projected an uptrend that cancels out the downtrend in late March, following the classic pattern of a downtrend, indecision, and a resulting uptrend. A strong bullish candle that closes above the upper trendline of the triangle is important to validate the predicted uptrend. Trader Tardigrade’s projection shows that if such a move occurs, Dogecoin could reclaim the $0.20 level within a relatively short time frame before the end of the month. Dogecoin opened the month of April at $0.166. As such, a clean upside breakout followed by a sustained close above $0.20 would mark a positive finish for Dogecoin in April. Related Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Such a positive monthly close would likely influence market sentiment heading into May and possibly invite increased buying activity. It would also help confirm that the recent period of bearishness is over and help reestablish a bullish structure. At the time of writing, Dogecoin was trading at $0.1573 Featured image from 21Shares, chart from TradingView
The Dogecoin price is closing in on a critical technical trendline that could ignite its next major rally. After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target. $1 Dogecoin Price Target Closer Than Ever Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle. Based on his technical analysis, DOGE is once again mirroring a historical breakout pattern that previously led to an explosive surge in price. Related Reading: Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say The analyst shared a Dogecoin price chart with two main sections highlighted. The first green box, between September to November 2024, shows a historical breakout that occurred after the meme coin broke above a critical descending trendline. Following this breakout, the price surged significantly over the next 55 days. Notably, the descending trendline has acted as a strong resistance for months. However, with Dogecoin’s momentum currently building, Master Kenobi believes that a strong breakout is imminent. Looking at DGOE’s price action, it appears the same conditions for its previous breakout are forming again. Master Kenobi’s technical analysis suggests that a breakout above the current descending resistance line could spark a similar rally, one that could potentially take Dogecoin from its current price of $0.158 to $0.9 or even $1. Such a move would represent a staggering gain of approximately 533%. Similar to past trends, Dogecoin’s current chart indicates a projected 55-day move following the breakout, with the green arrow and shaded box indicating a path to the conservative $0.9 target. This would place Dogecoin’s target window during the first few weeks of June, aligning closely with historical timelines from the last major breakout. Adding to the optimism, Dogecoin’s Relative Strength Index (RSI) currently sits around 43.35 — a level typically considered a neutral to oversold zone. The current descending resistance line has already been tested multiple times, meaning a clean daily close above it could spark Dogecoin’s next major rally. Dogecoin RSI Shifts From Bearish To Bullish Dogecoin is showing promising signs of a bullish reversal after a key breakout of a technical pattern on the 4-hour chart. According to a recent chart analysis by crypto analyst Trader Tardigrade, Dogecoin has exited a Falling Wedge formation and is preparing for an uptrend continuation. The breakout was confirmed as the RSI crossed above the 50 level, signaling a shift from bearish to bullish sentiment among traders. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report Before the Falling Wedge breakout, Dogecoin had been trading in a downward channel, characterized by lower highs and lower lows. This pattern often precedes an upward price movement, and Dogecoin seems to be following through with this trend. As a result, the analysis suggests that Dogecoin could push toward stronger resistance levels in the short term. Featured image from Pexels, chart from TradingView
Dogecoin still remains capped at the $0.15 level with its price trading at $0.158, having decreased 0.35% in 24 hours and 2.02% in the last week. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a prelude to monumental price swings in either direction. Possible 40% Fall Before The Huge Rally A fresh analysis published on TradingView by SwallowAcademy indicates Dogecoin might see a dramatic drop before any significant price increase. The analyst looked into DOGE’s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile. Their plots indicate a sudden spike in the beginning of 2024 followed by a decline from highs around $0.23, then another downslide to $0.09 mid-year before recovering above $0.45. SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin may decline another 40% to around $0.09, creating a zone of support before, possibly, skyrocketing 400% to $0.45. The price stands at over $0.15 currently, and the analyst is holding out for the anticipated drop to $0.09. The ‘False Break’ Pattern – What It Means A standalone analysis by Trader Tardigrade indicates Dogecoin’s initial “false break” since December 2024. The cryptocurrency has, in general, traced a downtrend of lower highs and lower lows, which are common bearish market indicators. After dropping to $0.13 on April 7, though, the price did bounce briefly before declining once more. Trader Tardigrade reads this as a “false breakdown” – potentially indicating the end of the downtrend. With prices remaining above the support line for a few days, this pattern may indicate an imminent bullish reversal. Based on their analysis, Dogecoin may aim for $0.42 if the reversal occurs. #Dogecoin Makes a False Break for the First Time Since Dec 2024 ???? It’s staying above the support line for days, confirming the characteristics of a false break. A new $DOGE bull run could start from this false break ???? pic.twitter.com/e8ui5FuFxV — Trader Tardigrade (@TATrader_Alan) April 15, 2025 Dogecoin Holder Behavior Statistics from IntoTheBlock show trends in Dogecoin holder behaviors that are differing. Long-term holders (more than one-year holders) lost 2.65% last month. The mid-term, or “Cruisers,” as they’ve been labeled by the report, who hold their coins for between one and twelve months, lost even more by 12%. On the other hand, short-term holders who held for under a month increased by 107%. This realignment is an indicator of increasing speculative demand as opposed to long-term confidence, possibly resulting in enhanced short-term price volatility. Related Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Large Holders Show Increasing Interest In spite of the conflicting signals from general users, big holders seem more and more interested in Dogecoin. The statistics indicate a consistent increase in big holder inflows – up 5.30% in the last week and a whopping 324% in the last month. Featured image from Pexels, chart from TradingView
The Dogecoin weekly chart is beginning to look eerily familiar. Crypto analyst Cantonese Cat, posting under the handle @cantonmeow, has published a three‑pane composite that reprises the technical cocktail seen just before the memecoin’s 2020/2021 melt‑up. The graphic, released Friday on X, lays out Dogecoin’s price action, a Global M2 Liquidity Index and the WaveTrend/Weighted Trend Oscillator (WTO). Each metric is flashing almost the same alignment that existed in late 2020—weeks before DOGE accelerated from fractions of a cent to an all‑time high of $0.74 the following May. The top panel displays weekly candles from the 2017 through mid‑April 2025. Dogecoin is presently quoted at $0.154, down 68% from its December 2024 peak at $0.484. A hand‑drawn black arch traces the December‑to‑April pull‑back, and a thick arrow anchors the apparent floor at $0.13. In late 2020, Cantonese Cat employed the same visual: a small rounding formation ended with an arrow, followed by a vertical breakout. M2 And WTO Line Up Perfectly For Dogecoin Beneath the price chart sits the Global M2 Liquidity Index, an amalgamation of the broad money supply—cash, demand deposits and easily convertible near‑money—across the dollar, euro, yen, pound and yuan blocs. M2 is often cited as a proxy for systemic liquidity: when it expands, excess capital tends to migrate into risk assets; when it contracts, those same assets are starved of flows. Related Reading: Dogecoin’s $1 Dream Isn’t Dead—Analyst Predicts Summer Breakout The index was moving sideways from 2022 until the beginning of 2025. Today, the line has resumed its climb after an almost three pause, printing 97 on Cantonese Cat’s scale and carving out a higher high. The bottom pane hosts the WaveTrend/Weighted Trend Oscillator, an overbought‑oversold indicator popularised on TradingView screens. The WTO plots a fast and signal line on a ±100 band; moves below –50 reflect exhaustion, while bullish crossovers of the two lines out of that zone have historically marked durable lows. In December 2020 the oscillator bottomed, turned upward and crossed positive in December 2020—precisely as DOGE’s consolidation ended. As of last week, the WTO seems to be printing a bottom again and the fast line is curling up through its signal, hinting that negative momentum is bleeding away. Related Reading: Dogecoin Primed For A Surge? Analysts Highlight Key Breakout Signs Cantonese Cat’s argument is therefore three‑pronged: price is compressing in a continuation pattern, global liquidity is pushing to fresh cycle highs, and internal momentum has shifted from deeply oversold toward recovery. The last time those signals converged, Dogecoin outperformed every major digital asset for half a year. Cantonese Cat’s tongue‑in‑cheek reminder—“When it pumps, you’re in it for the tech”—masks a serious point. Dogecoin still trades more like an option on global liquidity than a payment network. As fresh liquidity returns, the chart suggests that option may be reinstating its leverage. At press time, DOGE traded at $0.155. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has been struggling in the market as bears have dominated in the last couple of months. This has seen the meme coin crash below $0.15, taking investor sentiment down with it. However, as the altcoin seems to be setting up for a recovery with multiple bullish formations. Analysts Call Breakout For Dogecoin Price In an analysis on X (formerly Twitter), Crypto School pointed out that the Dogecoin price continues to hold support above $0.15. This suggests that bulls are making their stand at this level and is now a pivotal level for the altcoin. This means that what the altcoin does next from here would be a “make or break move”, determining what direction the price could be headed next from here. Related Reading: Bitcoin Price Fails To Launch With $751 Million In Outflows, Are Institutions Cashing Out? The next bullish confirmation would be for the Dogecoin price to actually reach and clear the resistance at $0.18. However, if this does not happen, then the bearish downtrend could continue, and in that case, DOGE could crash another 20% to drop down to $0.11. “This is a high time frame setup where confirmation is key. Not looking to front-run the move,” the analyst said. “Waiting for the reclaim to reduce risk and maximise positioning.” DOGE And The Falling Wedge Pattern Another crypto analyst on the platform also pointed out that the Dogecoin price is still trading within a falling wedge pattern. The thing about falling wedge patterns is that they appear when a downtrend is nearing its end. And more often than not, the culmination of a falling wedge pattern will end up in a bullish breakout. In this case, if the Dogecoin price were to breakout, then it still has to beat the $0.18 level outlined above. Otherwise, the breakout could lose its momentum very quickly and fall back down. From here, the major support levels then lie between $0.134 and $0.142, according to the analyst. Related Reading: Dogecoin Price To Enter Phase E After Testing Last Point Of Support, Here’s The Target Dogecoin Trend Reversal On The Horizon The current trend for Dogecoin remains bearish as sellers are still dominating. However, there is a chance that a trend reversal is coming, as outlined by crypto analyst Trader Tardigrade. The analysis shows that the meme coin has already seen a trend reversal on the 4-Hour chart, with signs of uptrend continuation. If this uptrend holds, it could mark the beginning of a drawn-out recovery rally for the Dogecoin price. Additionally, the analyst confirms that DOGE saw its RSI fall below 50. But with the recovery, the RSI is trending back toward 50, and a break above this level would support an uptrend continuation. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh decline from the $0.1680 zone against the US Dollar. DOGE is consolidating and might extend losses below the $0.150 support. DOGE price started a fresh decline below the $0.1620 and $0.1580 levels. The price is trading below the $0.1600 level and the 100-hourly simple moving average. There is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it breaks the $0.1520 support zone. Dogecoin Price Turns Red Dogecoin price started a fresh decline after it failed to clear $0.1680, like Bitcoin and Ethereum. DOGE dipped below the $0.1620 and $0.1600 support levels. The bears were able to push the price below the $0.1550 support level. It even traded close to the $0.1500 support. A low was formed at $0.1504 and the price recently corrected some losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $0.1694 swing high to the $0.1504 low. Dogecoin price is now trading below the $0.1600 level and the 100-hourly simple moving average. Besides, there is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1580 level. The first major resistance for the bulls could be near the $0.1600 level and the 50% Fib retracement level of the downward move from the $0.1694 swing high to the $0.1504 low. The next major resistance is near the $0.1620 level. A close above the $0.1620 resistance might send the price toward the $0.1700 resistance. Any more gains might send the price toward the $0.1720 level. The next major stop for the bulls might be $0.1800. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1600 level, it could start another decline. Initial support on the downside is near the $0.1540 level. The next major support is near the $0.1520 level. The main support sits at $0.1500. If there is a downside break below the $0.1500 support, the price could decline further. In the stated case, the price might decline toward the $0.1420 level or even $0.1350 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 – $0.1540 and $0.1500. Major Resistance Levels – $0.1600 and $0.1620.
The Dogecoin weekly chart has slipped back into the same lull that characterised the first half of 2024, yet two independent technicians argue the lull is nothing more than a reset before a decisive push higher. Dogecoin to $1 By Summer’s End? On the one‑week time‑frame, analyst Chris (@StonkChris) plots an expanding rising channel that has been guiding price action since the October‑2023 low at $0.056. That structure has produced a sequence of higher highs—~$0.229 in March 2024 and ~$0.484 in December 2024—and higher lows around $0.077 (February 2024) and $0.08 (early August 2024). The latest pull‑back has just retested the channel’s lower rail at $0.13, where Chris notes that the weekly Stochastic‑RSI has begun to curl up from single‑digit territory and the Ichimoku cloud is turning supportive above $0.22. Related Reading: Dogecoin Price To Enter Phase E After Testing Last Point Of Support, Here’s The Target From that confluence he sketches a steep, almost parabolic trajectory that slashes through the cloud resistance in May, re‑tests the mid‑cloud span near $0.30 and accelerates toward the upper boundary of the channel—an area that will sit close to $1.00–$1.10 by late‑summer 2025. “DOGE to $1 by the end of the summer 2025 anyone?” he asked followers on X, leaving little doubt about his conviction that the secular up‑trend remains intact. A Higher High Is Needed The short‑term picture is less binary in the eyes of Olivier (@Dark64), who analyses Dogecoin on the daily chart. His canvas is dominated by two features: a descending regression channel (labelled “BLSR”) that has trapped price since the November peak at $0.484, and a large rounded accumulation base projected to end between 5 May 2025 and 29 June 2025. Key horizontal levels flank the pattern. Immediate support sits at $0.1533, the level price is presently hugging. Should that shelf give way, Dogecoin could revisit the lower line of the channel below $0.13. To the upside, Olivier marked $0.2175 the most crucial resistance where DOGE could break out of the descending channel and mark the first higher high in months. Related Reading: Dogecoin Follows The Blueprint: Analyst Highlights Perfect Technical Execution Meanwhile, the area around $0.229 could be a last line of defense for bears as this is the local high from March 2024. A break above this level would expose $0.3496—a key support in December last year until January this year. Ultimately, the December high at $0.4361, with the year‑to‑date high at $0.484 completing the measured‑move objective. Olivier’s trading logic is brutally simple. “The up‑trend won’t resume until it prints a new higher low,” he wrote, adding in reply to a sceptic who wondered whether DOGE might first undercut $0.12: “If it breaks the last low, it will go lower. If it prints a new higher low and a new higher high, then I’ll be confident a new up‑trend is on.” His road‑map therefore allows for one more flush—potentially into the $0.13–$0.11 pocket. At press time, DOGE traded at $0.154. Featured image created with DALL.E, chart from TradingView.com
According to a recent post by C0d3slayer on X, Dogecoin is beginning to show early bullish signals following a brief pullback. He noted that the 1-minute chart is starting to display subtle shifts in momentum that a short-term recovery could be taking shape. While often overlooked, these micro-level patterns are catching active traders’ attention, scanning for early entries before the next significant price move. In the absence of a breakout, the early formation of higher lows and buying activity offers a glimmer of bullish potential. As the market gauges its next move, DOGE may be quietly setting the stage for a near-term upside surprise. Technical Patterns Reveal Bullish Setup Based on C0d3slayer’s recent observation, after briefly dipping to around $0.15100, the price rebounded sharply with a noticeable surge in trading volume, an indication of strong buying interest returning at lower levels. This bounce suggests that traders were eager to scoop up DOGE at a discount, hinting at growing confidence among bulls. Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April Currently, DOGE is trading near $0.15385, holding slightly above a key support zone that has historically acted as a pivot area for price action. The ability to maintain this level could serve as a solid foundation for further gains, especially if momentum continues to build. This zone is technically important for traders who view it as a line between short-term weakness and renewed strength. He further highlighted the $0.15100 – $0.15120 range as a key reaction zone, where DOGE saw a strong bounce, signaling firm buyer interest at that level. He also identified $0.15250 as a short-term accumulation area, suggesting that traders may be gradually positioning for a potential breakout. According to his analysis, the chart structure hints at a possible W-pattern, commonly known as a double bottom. If the price continues to build momentum above these levels, this setup strengthens the case for a recovery. Bullish Vs. Bearish Scenarios: What’s Next For Dogecoin? At this critical juncture, DOGE sits between key technical levels that could determine its short-term direction. On the bullish side, C0d3slayer noted that a break above the $0.15450 resistance, backed by strong volume, would signal upside potential. In that scenario, price targets of $0.15550 and $0.15650 come into play, aligning with recent reaction zones and short-term momentum shifts. Related Reading: Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? Conversely, a failure to hold above $0.15250 could trigger a retest of the $0.15100 support region. A drop below this level would weaken the bullish case, possibly invalidating the current reversal structure. If selling pressure intensifies below $0.15100, DOGE may slide further, suggesting bears have regained short-term control. Featured image from Adobe Stock, chart from Tradingview.com
XRP remains one of the most popular coins in the market, with a cult-like community that has supported it for years. With the bullish sentiment surrounding it, the altcoin has performed quite well and continues to inspire support. The most recent developments for XRP have been the ETF filings that suggest it might be the next altcoin to get an SEC nod after Ethereum. The number of filings also puts it well ahead of investor favorites such as Solana and Dogecoin in the running for the next ETF approval. XRP ETF Filings Climb To 10 XRP ETF filings have been coming out of the market over the past year, especially with the approvals of Ethereum Spot ETFs. These ETFs are expected to give institutional investors an official vehicle to get proper exposure to the market. As Bitcoin and Ethereum ETFs have been done and dusted, issuers have looked to other large cap altcoins to bring into the market. Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April The next favorites on the list have been XRP, in addition to heavy hitters such as Solana, Dogecoin, and Litecoin. However, in the race, XRP has clearly differentiated itself in terms of interest, boasting twice as many filings as any other altcoin. According to data from Kaito Research, there are currently 10 XRP ETF filings pending approval or rejection from the SEC. In contrast, there are five Solana ETF filings, 3 Litecoin filing, and 3 Dogecoin filings. This shows clearly that interest in XRP as the next altcoin to gain ETF approval is the highest. Additionally, the SEC has acknowledged the XRP ETF filings from industry leaders such as Grayscale. There are also filings from ProShares, Franklin Templeton, Bitwise, 21Shares, among others. However, BlackRock has not made a move to file for an XRP ETF despite leading the Bitcoin and Ethereum ETF campaigns. Nevertheless, the filings for XRP ETFs remain a big deal for the altcoinm and their approval could trigger another wave of price hikes. ETFs And The SEC Battle Conclusion For many, the major hindrance to an SEC approval of an XRP ETF was the ongoing battle between the crypto firm and the regulator, which began in 2020. However, in March 2025, Ripple CEO Brad Garlinghouse announced that the case was officially over. Related Reading: Is The XRP Price Mirroring Bitcoin’s Macro Action? Analyst Maps Out How It Could Get To $71 With this development, expectations that the regulator will look favorably upon an XRP ETF are high. If the ETFs are approved, even with a fraction of the Bitcoin ETF volumes, the XRP price is expected to explode in response, with some analysts predicting that the altcoin’s price could rise to the double-digits. Featured image from Dall.E, chart from TradingView.com
A recent poll indicates that financial experts remain skeptical if Shiba Inu is able to overtake Dogecoin in value. The poll, conducted by Finders, surveyed 14 finance experts for their opinion on whether SHIB will ever overtake DOGE in market capitalization. Their findings? A whopping 79% of the total participants believe that Shiba Inu will never flip Dogecoin in the area of market capitalization. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Survey Reports Overwhelming Consensus Against SHIB Flipping DOGE The results point to a distinct stance by the majority of experts. A mere 7% of those polled showed confidence that SHIB would at some point in the future surpass DOGE, and these few stalwarts predicted it could occur as soon as 2026. The other 14% were uncertain about SHIB’s fate. The overwhelming rejection of Shiba Inu’s ability to replace DOGE as the leading meme coin mirrors wider market opinion regarding the two tokens. Supply Issues Present Major Hurdle For Shiba Inu Huge challenges in the SHIB token supply are one potential consideration preventing overtaking Dogecoin, Dr. Sathvik Vishwanath, Unnocoin’s jurisdictional head, disclosed. Consider the circulating supply of SHIB at 589.25 trillion versus just 148.82 billion for DOGE: the supply gap is massive. Vishwanath said that despite Shiba Inu’s excellent tokenomics and solid community support, the massive token supply keeps SHIB from taking over DOGE’s market cap. Huge Disparity In Current Market Position At present, Dogecoin is at the eighth position among cryptos with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a market capitalization of $7.3 billion. SHIB would have to increase its worth by 240% to reach DOGE’s current rank by assuming that Dogecoin’s price remains constant, and both tokens share the same circulating supply. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Current Whale Activity Suggests Possible Turnaround Contrary to the negative expectations of analysts, new trading statistics show a significant Shiba Inu rise. According to IntoTheBlock, with whales dominating, SHIB daily trade volume rose to 224 billion tokens in 24 hours. Inflows from large-holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rise in interest from major investors could be a sign of changing sentiment as whales will set up before they anticipate a move in prices. This isn’t the first time these cryptocurrencies have seen conflicts regarding superiority. In 2021, Shiba Inu briefly dethroned Dogecoin when its market cap touched $39 billion. Alas, this victory was short-lived as DOGE quickly reclaimed the title of the number one meme coin. Featured image from Pixabay, chart from TradingView
A fresh snapshot of Binance’s futures market data shows Dogecoin attracting a remarkably bullish stance among traders. According to a chart shared by Ali Martinez (@ali_charts) on X, 72.13% of Binance users with open Dogecoin positions are currently long, leaving only 27.87% on the short side. “72.13% of traders on Binance with open Dogecoin DOGE positions are currently long!” Martinez wrote, underscoring just how skewed sentiment is toward an upward price move. What Does This Mean For Dogecoin Price? What does such a strong majority of longs actually mean for Dogecoin’s outlook? In many cases, a pronounced imbalance like this hints that most market participants expect the price to keep climbing, at least in the short term. When so many traders are betting on gains, it often reflects optimism—or even excitement—about the token’s momentum. Dogecoin has repeatedly shown its ability to inspire fervor among retail investors and large speculators alike, so spikes in bullish interest are hardly surprising. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? This kind of data can be interpreted as a potential sign of strength for Dogecoin. If the market aligns behind a bullish narrative, continued buying pressure may materialize, and prices can push higher. However, it’s not always that straightforward. When a huge chunk of the market tilts to one side, it raises the risk that a sudden drop might trigger a wave of forced liquidations among those long positions. If the broader crypto market wavers—or if Dogecoin faces any unexpected hurdles—traders who jumped in expecting a quick profit could end up rushing for the exits, amplifying downward moves. Still, the figure “72.13%” is unambiguously high, which is enough to catch anyone’s attention. A long/short ratio that elevated doesn’t guarantee a continued rally; instead, it paints a picture of present-day sentiment among a specific subset of traders. It’s one snapshot in time, drawn from the activity of one of the world’s busiest crypto exchanges. Even so, it’s a solid reminder that, at this moment, a large number of Dogecoin traders on Binance believe the path of least resistance is to the upside. Related Reading: Dogecoin Follows The Blueprint: Analyst Highlights Perfect Technical Execution Of course, market conditions can shift swiftly. Some traders will keep a close eye on overall liquidity, the behavior of Bitcoin, and any tariff news from US President Donald Trump. Dogecoin is known for abrupt price surges, spurred by social media buzz or endorsements from influential figures, so even data as decisive as this long/short ratio doesn’t fully predict what comes next. But it does give us an insider’s view of how Binance participants are positioning themselves and, in doing so, sets the stage for Dogecoin’s near-term intrigue. For now, the sheer dominance of long positions seems to say: traders remain bullish and are willing to back that sentiment with open contracts. It could be a sign of confidence in Dogecoin’s resilience, or it could be a setup for unexpected volatility if sentiment flips. Whichever way it unfolds, Martinez’s chart shines a light on how enthusiasm for this meme-inspired asset continues to run high in certain corners of the crypto market. At press time, Dogecoin was trading just below its multi-year trendline, following a rejection at the 0.786 Fibonacci retracement level around $0.167. A renewed drop toward the red support zone near $0.14 could be on the table if DOGE closes below the trendline. On the flip side, the 0.786 Fib remains the most critical resistance level, followed by a potential channel test near $0.18. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Trader Tardigrade has provided an update on the Dogecoin price action. He revealed that the foremost meme coin is set to enter Phase E next, during which it could rally to new highs. Dogecoin Price To Enter Phase E Next After Testing Last Point Of Support In an X post, Trader Tardigrade stated that the Dogecoin price will enter Phase E and then the Mark-Up phase after the move of Sign of Strength (SOS) and Last Point of Support (LPS). This came as he also revealed that DOGE has entered Phase D in the Wyckoff Accumulation. The analyst also noted that the meme coin completed the TEST in Phase C and the Last Point of Support in Phase D. Related Reading: Crypto Analyst Warns Dogecoin Price Correction Was A False Breakout, Calls 30% Crash His accompanying chart showed that the LPS in Phase D for the Dogecoin price is around $0.174, while the SOS will be a successful reclaim and hold above $0.18. This will usher DOGE into Phase E, where it is projected to rally to as high as $2.1, marking a new all-time high (ATH) for the foremost meme coin. In another X post, Trader Tardigrade stated that the Dogecoin price could be forming an inverse Head and Shoulders pattern on the 4-hour chart, providing a bullish outlook for the foremost meme coin. His accompanying chart showed that Dogecoin could rally to $0.183 on this rebound, which is the SOS for the meme coin in this Phase D. It is worth mentioning that crypto analyst Kingpin Crypto also provided a bullish outlook for the Dogecoin price, predicting that it could bounce from the current support and rally above the psychological $0.2 price level. The analyst asserted that DOGE’s chart is one of the best right now in terms of price, which is at a clear level of higher timeframe support. DOGE Gearing Up For A Big Week In an X post, crypto analyst Ali Martinez stated that the Dogecoin price is gearing up for a big week. He remarked that a close above $0.17 could open the door to $0.21 or even $0.29 if it holds the key support level at $0.13. However, the analyst recently revealed that DOGE whales are choosing to remain on the sidelines for now, which could be bearish for the meme coin. Related Reading: Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible The Dogecoin price performance will also depend on the Bitcoin price and whether the flagship crypto can sustain bullish momentum. Self-acclaimed Dogecoin lead analyst on X, Kevin Capital, opined there is no need to be overly bullish until Bitcoin surges above $89,000. At the time of writing, the Dogecoin price is trading at around $0.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Shutterstock, chart from Tradingview.com
Dogecoin is showing signs of strength after weeks of volatility and market uncertainty. The meme-inspired cryptocurrency has held firm above crucial support levels and is now pushing toward a potential recovery rally. After reclaiming the $0.15 mark, bulls are looking to build momentum, with the $0.17 level emerging as the next major resistance to break. A successful move above this threshold could confirm a broader trend reversal and reignite bullish sentiment across the meme coin sector. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? Supporting this outlook, recent on-chain data from Santiment shows that Dogecoin whales have been highly active—accumulating over 800 million DOGE in the last 48 hours. This surge in whale buying activity adds weight to the bullish thesis, suggesting that larger players are positioning for a move higher. The renewed accumulation, paired with improving technical conditions, has sparked optimism among traders and investors who believe Dogecoin could be gearing up for its next leg upward. Still, caution remains, as global macroeconomic tensions continue to create unpredictable conditions across the financial markets. For Dogecoin to confirm a recovery rally, bulls must hold current levels and push through near-term resistance in the coming sessions. Dogecoin Faces Crucial Resistance As Whale Accumulation Builds Dogecoin is now at a pivotal point, trading just below key resistance levels after a strong rebound from recent lows. As broader market conditions improve and global tensions—especially around trade and tariffs—begin to cool, analysts are turning their attention to assets like DOGE that have lagged in performance but now show signs of potential upside. The meme coin has managed to reclaim the $0.15 mark, but to validate a broader recovery rally, bulls must push beyond the $0.17–$0.18 zone in the days ahead. Momentum indicators are beginning to flip bullish, and some market watchers suggest that Dogecoin could be preparing for a breakout. However, sentiment remains mixed, with others pointing to the possibility of a continuation of the downtrend, particularly if resistance holds or macroeconomic conditions deteriorate. Despite this uncertainty, on-chain data paints a more optimistic picture. Top analyst Ali Martinez shared insights on X, revealing that Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours. This level of accumulation by large holders suggests renewed confidence in the asset’s short-term potential. Historically, such whale activity has often preceded strong price moves in DOGE. For bulls to take control, Dogecoin must break above near-term resistance and sustain momentum amid a still-volatile environment. A failure to do so could see the asset slip back into consolidation or even retest previous lows. The coming week will be critical for determining whether DOGE’s next move is a breakout or another pullback. Related Reading: Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? DOGE Price Holds $0.16 As Bulls Aim for Breakout Dogecoin is trading at $0.16 after failing to reclaim the 4-hour 200 Moving Average (MA) near $0.168, a level that has acted as strong short-term resistance. Despite recent bullish momentum across the crypto market, DOGE bulls are struggling to regain control. The $0.15 level now serves as critical support. If Dogecoin holds this area, there’s a strong chance it could push higher in the coming sessions. A successful break above $0.17 would be significant, potentially opening the door to a rally toward $0.20, a level not seen since early April. However, price rejection and continued weakness around $0.168 suggest that sellers are still active, and bulls need to reclaim this moving average to build momentum. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? If DOGE loses the $0.15 mark, downside risk increases sharply. A drop to $0.13—or even lower—is likely as bearish pressure could intensify in a volatile market. Investors will be watching closely for a clear move in either direction, as Dogecoin sits at a key inflection point. Volume and on-chain data, including recent whale accumulation, suggest potential, but confirmation must come through price action above immediate resistance. Featured image from Dall-E, chart from TradingView
Back in 2024, the Dogecoin price trended low for a significant amount of time, shattering expectations of a rally. However, with the year drawing to a close, the tides began to change and the meme coin saw its value rising. One crypto analyst that predicted the rise is World of Charts, who took to X (formerly Twitter), to share with their over 30,000 followers the formation of a falling wedge pattern and the eventual breakout that would lead to new yearly peaks. Calling The Dogecoin Price Bottom In September 2024, the Dogecoin price was still trending below $0.1 after months of consolidation with seemingly no end in sight. At the time, the crypto analyst called out that the altcoin was actually consolidating within a falling wedge pattern and could see a breakout from there. At the time, the target was placed at $0.3, a 300% increase, and once the breakout begun, the price would end up exploding even higher. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 In the months following the prediction, the Dogecoin price would rise rapidly and the crypto analyst adjusted the target to $1. Although this new target was not reached, DOGE did go halfway, hitting $0.5 by November 2024, just two months after the initial prediction. This solidified the legitimacy of the breakout out of a falling wedge pattern, and now, it seems history is about to repeat itself again. In a new post on X (formerly Twitter), the crypto analyst that the Dogecoin price could be seeing a repeat of 2024 again. The post highlighted that the meme coin is on the verge of a massive breakout, giving the same 300% prediction as the previous prediction. Given that the Dogecoin price is currently trending at around $0.17 at the time of this writing, this would put the coin back on the way to $0.5. “Now Again Doge On Verge Of Massive Breakout, It Can Give Move Like Oct, Expecting 3x From Here,” the analyst said. Bullish From Here On Out Another crypto analyst, Jonathan Carter, has also shared the same sentiment as World of Charts and predicted that the Dogecoin price is also headed for a surge. This analysis which was published a day before also points out the breakout from a falling wedge pattern, setting four targets for the cryptocurrency. Related Reading: XRP Outflows Cross $300 Million In April, Why The Price Could Crash Further If the break is successful, the crypto analyst puts DOGE at $0.18 first, and then continues on to $0.23. The last two targets are $0.29 and $0.34, suggesting that the meme coin would rise about 100% at the highest level. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh decline from the $0.1700 zone against the US Dollar. DOGE is consolidating and might struggle to recover above $0.1650. DOGE price started a fresh decline below the $0.1650 and $0.1600 levels. The price is trading below the $0.1620 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.1620 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it breaks the $0.1575 support zone. Dogecoin Price Faces Rejection Dogecoin price started a fresh decline after it failed to clear $0.170, unlike Bitcoin and Ethereum. DOGE dipped below the $0.1650 and $0.1600 support levels. The bears were able to push the price below the $0.1585 support level. It even traded close to the $0.1575 support. A low was formed at $0.1573 and the price recently corrected some losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $0.1693 swing high to the $0.1573 low. Dogecoin price is now trading below the $0.1620 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1620 level. There is also a connecting bearish trend line forming with resistance at $0.1620 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.1635 level and the 50% Fib retracement level of the downward move from the $0.1693 swing high to the $0.1573 low. The next major resistance is near the $0.1665 level. A close above the $0.1665 resistance might send the price toward the $0.1700 resistance. Any more gains might send the price toward the $0.1720 level. The next major stop for the bulls might be $0.1800. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1620 level, it could start another decline. Initial support on the downside is near the $0.1575 level. The next major support is near the $0.1540 level. The main support sits at $0.1500. If there is a downside break below the $0.1500 support, the price could decline further. In the stated case, the price might decline toward the $0.1420 level or even $0.1350 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 – $0.1575 and $0.1540. Major Resistance Levels – $0.1620 and $0.1665.
After enduring weeks of heavy selling pressure and bearish sentiment, Dogecoin is beginning to show signs of stability. The broader crypto market is hinting at a potential recovery, though many analysts argue this could simply be a relief rally within a longer-term bear market that began after Bitcoin reached its all-time high in January. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? Despite the uncertainty, some assets—including Dogecoin—are starting to build bullish momentum. Investors are closely watching key technical levels as meme coins attempt to recover lost ground. According to crypto analyst Ali Martinez, Dogecoin could be poised for a significant breakout this week. In his recent analysis, Martinez noted that a decisive daily close above $0.17 could unlock upside potential toward $0.21, provided that DOGE maintains support above a critical support level. This setup could mark a turning point for Dogecoin, which has lagged behind many altcoins during the recent downturn. However, the market remains volatile, and traders should remain cautious until confirmation of a sustained breakout. Whether this is the start of a new uptrend or just a temporary bounce remains to be seen—but for now, Dogecoin bulls have something to watch closely. Dogecoin Eyes Breakout As Bulls Target Higher Levels Dogecoin is now facing critical supply levels as the entire crypto market shows signs of recovery following last week’s announcement from US President Donald Trump of a 90-day pause on reciprocal tariffs for all countries except China. While this news injected short-term optimism and triggered a bounce across risk assets, macroeconomic uncertainty continues to dominate the global landscape. With tariffs still on the table and rising geopolitical tensions, the market remains vulnerable to sharp volatility and unpredictable swings. Within this context, Dogecoin is positioning itself for a potential breakout. After weeks of selling pressure that saw DOGE drop to the $0.13 level, bulls have finally stepped in with renewed momentum. According to Martinez, the coming days could be pivotal for Dogecoin. His technical analysis indicates that a close above the $0.17 mark would trigger a bullish breakout, opening the door to $0.21 or even $0.29, as long as the price maintains the $0.13 support. This setup is drawing attention from both retail and institutional traders who are now eyeing DOGE as a potential high-beta play during this recovery phase. Still, confirmation is needed. If Dogecoin can hold above $0.17 with volume, the meme coin may finally leave its consolidation zone behind and regain market momentum. Related Reading: Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity? DOGE Price Tests Key Resistance After 30% Rally Dogecoin is currently trading at $0.162, marking an impressive 30% surge from last Monday’s low of approximately $0.129. The bounce comes amid broader market optimism following a temporary pause in tariff escalation announced by US President Donald Trump. However, for DOGE to fully confirm a recovery phase, bulls must continue the momentum and reclaim critical resistance levels ahead. The next upside targets for DOGE sit at $0.185 and $0.205. A sustained close above these levels would signal a strong reversal and potentially kick off a broader uptrend. These price zones align with previous supply areas where selling pressure intensified during past rallies, making them essential hurdles for bullish continuation. Despite the recent rally, risks remain. If Dogecoin loses support at the $0.15 level, it would indicate weakening bullish control and open the door for a decline toward the $0.12 zone—close to its recent bottom. Such a move would likely invalidate the recovery narrative and reinforce the view of DOGE remaining in a broader downtrend. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery? For now, the market watches closely. Holding above $0.15 and breaking $0.185 will be crucial to confirm whether Dogecoin is truly gearing up for a sustained reversal. Featured image from Dall-E, chart from TradingView
Dogecoin’s price action continues to honor the technical “blueprint” laid out by crypto analyst Kevin (@Kev_Capital_TA), who reaffirmed on Sunday that his strategic roadmap from March 22 remains intact. The weekly chart reveals an extended descending channel drawn with multiple yellow trend lines that originated in 2021 and constricted price action throughout 2022. Within that formation, the most critical horizontal threshold appears to be $0.139, labeled on the chart as the “Last line in the sand” and described by Kevin as essential for preserving bullish market structure. He notes that maintaining durable weekly closes above this zone is paramount for further upside, while a decisive break beneath $0.139 would nullify the bullish thesis. Dogecoin Follows The Blueprint Dogecoin’s retracement from highs near $0.45 earlier this year has so far been contained by a confluence of support channels and Fibonacci retracement levels. According to Kevin’s chart, the primary Fib levels span from roughly $0.049 at the lower bound (0% Fib) to around $2.268 at the 1.414 extension. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery? Closer inspection shows intermediate Fibonacci markers at $0.090 (0.236), $0.138 (0.382), $0.190 (0.50), $0.262 (0.618), $0.413 (0.786), $0.542 (0.88), $0.738 (1.0), $0.934 (1.0866), and $1.543 (1.272). Since the price is hovering near $0.16–$0.17 at press time, Dogecoin has remained above the 0.382 retracement near $0.138, reinforcing Kevin’s argument that the risk-reward ratio at this level appears “absolutely phenomenal.” Kevin’s March 22 update describes the confluence of several higher time frame indicators, including the Weekly Stochastic RSI, the 3-Day MACD, and the 2-Week Stochastic RSI, all of which he sees nearing full resets. He cites the previous weekly demand candle, which formed just above $0.139, as a key sign that buyers are stepping in to defend what he calls “the Last line of bull market support.” The Weekly Stoch RSI on his chart is already situated at low levels, while the 3-Day MACD and 2-Week Stoch RSI appear roughly a month away from bottoming out. According to Kevin, these technical resets should serve as a springboard for Dogecoin’s next significant upward move, provided that Bitcoin, which he believes must hold above $70K in his scenario, remains stable enough to support broader market strength. Related Reading: Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst On Sunday, Kevin reminded his audience that this strategy, first made public on March 22, is going “exactly according to plan,” given Dogecoin’s confirmed bounce around the $0.139 region and the ongoing drift toward oversold conditions in multiple momentum gauges. He disclosed that his Patreon trading portfolio holds an average entry at $0.15 for this swing and noted that a swift rejection of sub-$0.139 weekly closes, coupled with the bullish stance of the higher time frame indicators, corroborates his confidence in Dogecoin’s recovery potential. While he acknowledges that “lots of work” still needs to be done for Dogecoin to reclaim loftier levels near the 0.618 Fib around $0.262 or even the 0.786 Fib at $0.413, Kevin maintains that his initial thesis stands as long as the meme-inspired asset preserves its foothold above $0.139. For him, the risk of a breakdown is well-defined if the pivotal support gives way, but should the level persist, he sees the upside potential extending far beyond the current range. As of now, Dogecoin’s price continues to cling to that all-important line in the sand, keeping Kevin’s bullish blueprint very much alive. At press time, DOGE traded at $0.16493. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has been under heavy selling pressure in recent weeks, with global tensions and macroeconomic instability dragging down risk assets across the board. The broader market correction, fueled by fears of a global recession and escalating trade disputes, hit meme coins especially hard—Dogecoin among them. After setting fresh local lows, DOGE now appears to be mounting a recovery attempt. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year In a potential shift of sentiment, Dogecoin is beginning to move to the upside, testing key resistance levels that could determine the next phase of its trend. The return of bullish momentum comes as fresh on-chain data from Santiment reveals a noteworthy development: whales have bought over 80 million DOGE in the last 24 hours. This aggressive accumulation by large holders has sparked renewed optimism, signaling growing confidence among major players despite the broader market’s uncertainty. With volatility still elevated and DOGE sitting at a technical inflection point, the coming days will be critical. Whether this whale activity marks the start of a broader uptrend or just a temporary bounce remains to be seen—but for now, the data points to a shift in momentum that investors will be watching closely. Dogecoin Struggles To Recover As Global Tensions Weigh On Markets Dogecoin has been one of the hardest-hit cryptocurrencies during the recent market downturn, shedding over 70% of its value since its December highs. Once viewed as a symbol of retail enthusiasm and viral momentum, DOGE is now leading the meme coin segment into a deeper drawdown. Investors who had high hopes for a continuation of last year’s uptrend are now facing a reality check, as macroeconomic instability and geopolitical risk continue to pressure high-volatility assets. US President Donald Trump’s recent escalation of tariff measures—coupled with retaliatory actions from China—has heightened fears of a prolonged trade war, adding uncertainty to already fragile markets. Equities, commodities, and crypto have all experienced extreme volatility, but meme coins like Dogecoin have suffered the most. Without a strong use case or fundamental backing, sentiment-driven assets like DOGE tend to face the heaviest selling when risk aversion spikes. Despite the broader negativity, there are hints of accumulation that could offer hope for a turnaround. According to data shared by top crypto analyst Ali Martinez, whales bought over 80 million DOGE in the last 24 hours. This buying activity suggests that some large players are viewing the current levels as attractive entry points—even if a full recovery has yet to materialize. For now, Dogecoin remains in a vulnerable position, but rising whale interest could be a signal worth monitoring. Related Reading: Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align – Analyst DOGE Battles Key Resistance After 25% Surge From Local Lows Dogecoin is trading at $0.163 after a strong 25% rebound from the recent low of $0.13, signaling a potential shift in momentum following weeks of persistent selling pressure. The meme coin, which had been one of the worst performers during the recent market downturn, is now testing a critical resistance zone that could determine its next move. Bulls are now eyeing the 4-hour 200 moving average (MA) and exponential moving average (EMA), both positioned around the $0.17 mark. Reclaiming this level is essential to confirm short-term strength and spark a sustainable recovery rally. So far, price action suggests growing interest, but macroeconomic headwinds and market-wide caution continue to limit upside potential. Related Reading: Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend On the flip side, if Dogecoin fails to break through $0.17 and slips below current levels, the risk of a deeper correction remains in play. Such a move could push the price back toward the $0.14–$0.13 support zone, erasing recent gains. As volatility remains elevated across the crypto market, DOGE traders will be closely watching this resistance level for signs of confirmation—or rejection. Featured image from Dall-E, chart from TradingView
Crypto analyst Kevin (@Kev_Capital_TA) has shared a chart that overlays the Global Liquidity Index (yellow, plotted above) on top of Dogecoin’s price action (candlesticks in purple, plotted below). The visual comparison highlights a number of parallel channels and key trend lines that have previously aligned with turning points in Dogecoin’s trajectory. Explosive Dogecoin Setup Amid Liquidity Shift While the Global Liquidity Index has traded within a downward sloping channel – its lower boundary repeatedly capturing local lows marked by orange circles – the price of Dogecoin itself has broken out and retested a long-term sloping trend line that stretches back to its explosive price run in early 2021. The chart shows Dogecoin’s dramatic rise from less than a cent in 2020 to its all-time high of around $0.74 in 2021, before retreating to what appears to be significant support around $0.15. The analyst’s Fib retracement overlay shows the 0.382 level at around $0.14225, an area of technical importance that has attracted renewed attention. The current price action is depicted as settling around a zone where the multi-year descending trend line (yellow) retest meets the 0.382 Fib level, circled on the chart as a potential turning point. Related Reading: Dogecoin Bullish Divergence Plays Out, Analyst Maps Next Price Targets Meanwhile, the Global Liquidity Index at the top of the image has shifted within a downward price channel of its own, suggesting a broader contraction in available market liquidity over the past year. As can be seen, each contact with the lower boundary of the channel has coincided with a notable turning point in Dogecoin’s price movement. The repeated circular markers emphasize moments where the liquidity curve dipped and Dogecoin subsequently carved out local or macro bottoms. This synchronization, argues Kevin, should prompt traders to pay attention because it may herald a rebound if liquidity inflows stabilize or begin to rise again. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling? Why does the Global Liquidity Index matter for Dogecoin? In general, high liquidity levels can signal greater capital flowing into risk-on assets, especially memecoins like DOGE. When the Global Liquidity Index trends lower, it often reflects tighter financial conditions worldwide. Historically, Dogecoin’s most explosive moves—such as the meteoric rally of 2021—emerged when broader liquidity was on the rise, fostering an environment that helped accelerate trading volumes across the crypto landscape. Kevin’s chart offers no guarantees, but it does underscore an area where Dogecoin’s historic support lines, fib retracement levels, and a bottoming global liquidity channel all converge. Whether this confluence will serve as a catalyst for the next Dogecoin rally remains to be seen, but the chart makes a compelling case to monitor how the Global Liquidity Index evolves—and what it might mean for the ever-popular meme-inspired cryptocurrency. At press time, DOGE traded at $0.15723. Featured image created with DALL.E, chart from TradingView.com
Swiss asset manager 21Shares has openly endorsed Dogecoin, stating that the cryptocurrency has developed a long way from its origins as an online meme. The company cited Dogecoin’s whopping 130,000% price appreciation over the last decade as evidence of its longevity within the turbulent crypto space. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Meme Currency Sees Serious Growth What began as an online joke in 2013 has become what 21Shares refers to as a “movement” in the crypto space. Dogecoin’s performance, the asset manager says, speaks for itself. The coin has recorded an annual growth rate of 125% since its inception, making it the best performer among the market’s top 25 largest cryptocurrencies by market cap. The growth is not just in value. User adoption has nearly doubled in recent years, with wallet addresses rising from 44 million to 84 million in four years. Such rapid growth shows that more people are holding and using the cryptocurrency despite its lighthearted origin. Dogecoin isn’t just a meme—it’s a movement. With 130,000%+ returns, a $30B market cap, and 84M+ wallets, DOGE is rewriting what value means in the digital age. Explore how culture, community, and memes drive this phenomenon. Read the full blog → https://t.co/wNFYdM2pjS pic.twitter.com/ojfYEkVCwQ — 21Shares (@21Shares) April 10, 2025 ETF Filing Marks Major Step For Dogecoin The Swiss company recently submitted an S-1 form to the US Securities and Exchange Commission for a Dogecoin ETF. The filing is a significant step forward for cryptocurrency, which began life as a prank. If accepted, the ETF would allow ordinary investors to own exposure to Dogecoin without buying or owning the cryptocurrency itself. According to regulatory filings, the new fund would be commodity-based, providing an alternative method of bringing Dogecoin into portfolios using traditional investment vehicles. 21Shares Announces Partnership With Dogecoin Foundation 21Shares also announced that it has partnered with the House of Doge, the official business entity of the Dogecoin Foundation. From reports, the partnership is said to further entrench Dogecoin with conventional financial systems. Related Reading: Bitcoin Bulls Crushed: $500 Million Liquidation Shakes Market Confidence The alliance brings a new legitimacy to the currency, with traditional financial institutions now viewing it as a legitimate asset class and not merely an internet fad. Institutional support may entice more risk-averse investors who shunned the meme-coin in the past. New Exchange-Traded Product Launches With Physical Backing In a further demonstration of its dedication to Dogecoin, 21Shares has introduced an exchange-traded product fully supported by the Dogecoin Foundation. This investment product will be collateralized by real Dogecoin in a 1:1 ratio, such that every share equates to holding real cryptocurrency in cold storage. The firm will charge a management fee of 0.25% for this product, which is fairly competitive against peer cryptocurrency investment products. This physical backing model provides investors with confidence that their investment holds a real-world basis in the form of coins and not synthetic derivatives. Featured image from Unsplash, chart from TradingView
The Dogecoin Foundation’s corporate arm plans to market the fund as it aims for wider adoption of the popular meme token.