According to new reports, Dogecoin’s market sentiment has plummeted significantly, turning negative once again as its price consolidates. This bearish trend raises the question of whether it is time for investors to buy or sell off their DOGE tokens to avoid future losses. Dogecoin Market Sentiment Dwindles On Tuesday, crypto analyst Ali Martinez announced on […]
The Dogecoin (DOGE) price appears primed for a significant bullish reversal, supported by technical indicators and market sentiment data. Despite recent downward pressures, several factors suggest a potential upward trajectory for the popular memecoin. #1 Dogecoin Bounces Off Key Support Level (1D Chart) Crypto analyst CRG (@MacroCRG) highlighted the resilience of Dogecoin and PEPE, another prominent memecoin, stating, “DOGE + PEPE both bouncing from important areas. The memecoin demise is greatly exaggerated IMO. Next leg up gonna take many by surprise.” CRG’s technical analysis reveals that DOGE has maintained a daily close above the critical support level of $0.385 for nine consecutive days, despite substantial selling pressure. Similarly, PEPE has sustained crucial support, indicating that the “memecoin season” might be making a comeback imminently. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ For Dogecoin, the short-term resistance zone at $0.42 remains a pivotal level. CRG suggests that a break above this threshold could signal the onset of a new bull run, potentially catching many investors off guard. #2 Bullish Market Structure (4-Hour Chart) Further technical insight comes from crypto analyst Gonzo (@GonzoXBT), who provided a technical breakdown of Dogecoin’s price action. Gonzo explained, “DOGE 4H EMA100 -> acting as resistance 4H EMA200 -> acting as support. Until we flip 4H EMA100 we will just chop in between, don’t want to see it lose 4H EMA200 tho.” This analysis underscores the importance of the 4-hour exponential moving averages (EMAs) in determining short-term price movements. The 4H EMA100 currently serves as a resistance level, while the 4H EMA200 offers support. A sustained breach above the 4H EMA100 could facilitate an upward breakout, whereas a failure to maintain above the 4H EMA200 might lead to further consolidation or decline. #3 Trading Against The Crowd Crypto analyst Ali Martinez (@ali_charts) presented another bullish perspective on DOGE’s immediate outlook. He noted, “Market sentiment for Dogecoin has turned negative. It seems as if traders are getting impatient during the ongoing price consolidation!” Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle Martinez’s analysis, based on Santiment data, indicates a sharp decline in both search volume and Weighted Sentiment. Specifically, Weighted Sentiment has plummeted to its lowest point since mid-October, while search volume has dropped to levels not seen since early November. Martinez speculated on potential catalysts that could quickly reignite positive momentum for Dogecoin, referencing the establishment of the new US Department of Government Efficiency under the leadership of Elon Musk. He suggested, “Or you can wait the first POPULAR action of the Department of Government Efficiency.” #4 Liquidation Dynamics Indicate Potential Upside Adding another layer to the bullish thesis, crypto analyst Carlos Garcia Tapia (@CAGThe3rd) shared insights into the liquidation heatmap over the past three days, commenting, “FOMO longs just got liquidated on the 3D chart. DOGE.” The heatmap by Coinglass illustrates a significant liquidation of leveraged long positions clustered between $0.393 and $0.385 over the past two days. But there’s a bullish caveat: with the majority of longs now liquidated, the remaining liquidation cluster is positioned around the $0.42 mark. This setup suggests that Dogecoin could experience a bullish candle formation, potentially triggering further liquidations of bearish positions and propelling the price upward. Why? Because liquidation heatmaps are valuable tools in forecasting price movements as they reflect the underlying market liquidity and leverage dynamics. These heatmaps highlight where traders are most susceptible to forced liquidations, acting as psychological and technical barriers. When the price approaches these levels, large market participants can influence price direction by triggering a cascade of liquidations, thereby amplifying the resultant price movement. At press time, DOGE traded at $0.3843. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Lebicahlz has predicted that the Dogecoin price is set to witness a major explosion, which would send it to new all-time highs (ATHs). The analyst also provided price targets that Dogecoin could reach as it rallies to new highs. Dogecoin Price Set To Reach New ATHs In a TradingView post, Lebicahlz said he […]
The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction. A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level. Dogecoin’s Key Support Zone […]
The Dogecoin price could be gearing up for a potential bullish move as it approaches a critical resistance level. Following the completion of its price consolidation, a crypto analyst has suggested that technical indicators point to a significant breakout to the upside. Key Factors Supporting A Bullish Outlook For Dogecoin Price Ghazi, a crypto analyst […]
Raoul Pal, the former hedge fund manager who retired at the age of 36 and now serves as the co-founder of Real Vision, a prominent financial media company, has given an update on his crypto portfolio. In a post on X today, December 16, Pal unveiled his concentrated investment strategy, highlighting Dogecoin as a central component of his crypto portfolio. Raoul Pal Stills Bets Big On Dogecoin “I have concentrated bets. This is my watch list. I won’t be the best performer and I won’t be the worst. Outside of this I just scrape profits to buy NFT’s for the long haul,” Pal stated in his announcement. The accompanying screenshot detailed his watch list, which encompasses a range of cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, SUI, DeepBook Protocol, and Smoking Chicken Fish. When queried by a user about his thesis for Dogecoin, Pal responded, “It’s outperformed BTC by 500% since 2013… and Elon/X.” This statement underscores his confidence in Dogecoin’s long-term potential, especially because of the connection to Elon Musk. Musk has been hinting at integrating Dogecoin into the payments feature of X, though no official confirmation has yet been made. Recent activity and speculation have been fueled by a tweet from Musk featuring a new dollar icon on a user’s profile, which differs from the existing tipping feature on X. This has led to increased speculation that Dogecoin could be integrated into a forthcoming X Payments service. Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle Previously, Musk had expressed intentions to use Dogecoin for premium services on the platform, but initial documents related to X Payments did not include crypto in its launch phase. Nonetheless, Musk’s continued public support for Dogecoin and his comments favoring its integration have kept hopes alive within the Dogecoin community, one of the strongest catalysts for DOGE price. Another user engaged Pal in a discussion regarding Dogecoin’s future, stating, “I secured 100k DOGE thinking next year when they implement Department of Government Efficiency it will be constantly in the news circulation and may result in subconsciously influencing the market trend. What do you think?” To which Pal succinctly replied, “Just the start,” indicating his belief that the headline for Department of Governance Efficiency (DOGE) under the lead of Musk will have significant impact on Dogecoin in the upcoming months. When asked about his investment in the lesser-known altcoin DeepBook Protocol (DEEP), Pal explained, “As Sui volumes scale, so does DEEP. Pretty simple beta play and it’s still a low market cap,” highlighting his strategy of targeting emerging projects with growth potential tied to scalable blockchain solutions. In addition to his statements on X, Pal recently shared his broader investment philosophy in an interview with Mario Nawfal. He articulated his views on the cyclical nature of liquidity injection into markets, driven by governmental debt refinancing every four years. Pal elaborated: Related Reading: Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline “Where are we in the four-year cycle? I break them down by seasons each year being a different season […] Bitcoin usually leads in spring and summer which is now and then Bitcoin dominance falls and ALT season starts in a couple of months […] This is just an annual sign when we go into the next fall or the Autumn cycle that’s usually the most explosive beginning of next year.” Pal further discussed the implications of these cycles on the crypto market, suggesting that current conditions are setting the stage for an “explosive” period in the upcoming cycle. He emphasized that the persistence of these cycles hinges on the continued injection and withdrawal of liquidity by governments, a dynamic he refers to as the “everything code.” Notably, Pal addressed the concept of a potential “super cycle” for Bitcoin and crypto markets, positing that such an occurrence is improbable unless there is a fundamental change in the underlying economic structures, specifically regarding global debt and demographics. “I don’t see how that happens, unless they break this everything code cycle of liquidity,” Pal remarked. At press time, DOGE traded at $0.39447. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Elalemiami has revealed that the Dogecoin price is about to test the Gaussian channel on the chart. The analyst also mentioned what he expects to happen when DOGE touches the Gaussian band. Dogecoin Price Could Touch $2.5 As DOGE Tests Gaussian Channel In a TradingView post, Elalemiami suggested that the Dogecoin price could […]
Crypto analyst Trader Tardigrade has highlighted a bullish pattern that has formed on the Dogecoin price chart. Based on this pattern, the analyst predicted that the Dogecoin price could reach as high as $2.15 in this market cycle. Bull Flag Puts The Dogecoin Price Target At $2.15 In an X post, Trader Tardigrade revealed a bull flag that had formed on DOGE’s daily chart. He stated that there is a tight consolidation within the bull flag. The analyst added that a long flagpole projects the Dogecoin price target at $2.15. Interestingly, his accompanying chart showed that the rally to this target could happen before the year ends. Related Reading: XRP Price Breakout Above $10: Analyst Tells Community To Pay Attention To This Fractal The Dogecoin price could be well-primed for this rally to the upside. In another X post, Trader Tardigrade stated that a possible Dogecoin scenario has come up with a double-bottom chart pattern. He added that DOGE had formed two equal lows with a resistance at the neckline, which is at around $0.46. Meanwhile, the crypto analyst also recently stated that the Dogecoin price has gained more buying power with a bullish crossover on the moving average convergence/divergence (MACD). His analysis suggested that Dogecoin could break this resistance at $0.46 and rally to around $0.5 on the next leg of the DOGE bull run. This rally to $0.5 could just be the start of the projected rally to $2.15 based on the bull flag on the Dogecoin price chart. It is worth mentioning that Trader Tardigrade has before now provided more bullish predictions for Dogecoin in this market cycle. The analyst predicted that DOGE could reach as high as $30 in this cycle while advising market participants to start taking profits around $10. What The Next Move Could Look Like Crypto analyst KrissPax provided insights into what the next move up for the Dogecoin price could look like. He stated that following the double-bottom pattern on DOGE’s chart, a fractal from past price action shows a possible move up through Monday, followed by an upward trend until Christmas. However, the crypto analyst cautioned that there will be dips along the way. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market Meanwhile, like Trader Tardigrade, KrissPax also highlighted the bull flag that has formed on DOGE’s daily chart. He stated that this bullish pattern points to the Dogecoin price reaching $0.69 by the end of the year. This would break Dogecoin close to its current all-time high (ATH) of $0.73. Crypto whales look to be positioning themselves for this Dogecoin price rally. Crypto analyst Ali Martinez revealed that these investors bought 160 million DOGE in 24 hours. At the time of writing, the Dogecoin price is trading at around $0.4, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price action is currently locked between two critical technical levels, the macro golden pocket and the macro 0.5 Fibonacci retracement level. This observation was highlighted by crypto analyst Kevin (@Kev_Capital_TA) on the social media platform X. Interestingly, according to the analyst, Dogecoin’s immediate fate hinges not on its internal dynamics but on external factors, primarily […]
Crypto analyst Trader Tardigrade has provided an update on Dogecoin’s current price action. The analyst revealed that the meme coin has signaled a bullish crossover on the moving average convergence/divergence (MACD) and suggested where the DOGE price is headed next. Dogecoin Flashes Bullish Pattern In an X post, Trader Tardigrade revealed that Dogecoin’s MACD has […]
Dogecoin is testing demand above the $0.40 level following several days of consolidation below its yearly high of $0.484. This period of choppy price action has kept traders on edge, as Dogecoin’s price appears poised for a decisive move. Despite the temporary pause in upward momentum, market sentiment remains optimistic, with many investors anticipating another breakout. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon Top analyst and trader Hardy recently shared a technical analysis highlighting Dogecoin’s potential for a massive price surge. According to Hardy, it’s only a matter of time before DOGE breaks into new all-time highs. His analysis suggests that Dogecoin is building a strong foundation, and continued consolidation at current levels is a bullish signal. If Dogecoin maintains support above $0.40, the stage could be set for a significant rally in the coming weeks. However, much will depend on broader market conditions and the ability of DOGE to sustain buying pressure. All eyes are on its ability to overcome resistance and resume its bullish trend. With whale activity and trading volumes showing signs of growth, Dogecoin could soon retest its highs, ushering in a new chapter of price discovery. Dogecoin Consolidates At Current Levels Dogecoin is consolidating below its yearly high of $0.484 after an impressive rally, and it appears this phase of sideways movement may persist for some time. While the price action has calmed, investor sentiment remains notably optimistic, with many viewing this consolidation as a stepping stone toward even higher price levels. Top analyst and trader Hardy recently shared a detailed technical analysis on X, offering a bullish outlook for Dogecoin. According to Hardy, DOGE’s current price action is a healthy consolidation within a broader uptrend. He emphasized that the asset is building a solid base, which increases the likelihood of a significant breakout. Hardy’s projection suggests that Dogecoin is poised to surpass its yearly high and is also on track to achieve a new all-time high (ATH). In his analysis, Hardy highlighted key support levels around $0.40 and $0.36, indicating these areas as crucial for maintaining the bullish structure. He also mapped out a potential price trajectory, predicting that Dogecoin will consolidate at current levels for several weeks before resuming its upward momentum. His optimistic target for DOGE is $2, which he believes could be reached if the broader market remains favorable and buying pressure intensifies. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength While consolidation may test the patience of traders, Hardy’s analysis aligns with the broader view that Dogecoin is preparing for another major leg up. A new ATH could be just around the corner as long as it holds key support levels and sentiment remains positive. DOGE Price Action: Key Levels To Watch Dogecoin (DOGE) trades at $0.40 after a 24% retrace from its local highs. Despite this pullback, the price has exceeded this key demand level, signaling resilience among bulls. Market participants are closely watching the $0.40 zone, representing a critical point for determining the next move in DOGE’s price action. If DOGE can reclaim the $0.43 level in the coming days, it would likely set the stage for a retest of its yearly high at $0.484. A breakout above this resistance could reignite bullish momentum and pave the way for further upside, potentially attracting renewed interest from traders and investors. However, maintaining support and gaining traction is essential for this scenario to unfold. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday – Details On the flip side, losing the $0.40 level could signal that bearish sentiment is gaining market control. In this case, DOGE might face a deeper correction, with the next critical support levels likely emerging near $0.36. Such a move would challenge the bullish outlook and delay DOGE’s efforts to reach new highs. Featured image from Dall-E, chart from TradingView
Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795. As the original meme cryptocurrency struggles to reclaim key technical levels, the consensus among some analysts is that DOGE’s ability to stabilize or recover may hinge almost entirely on an external factor: Bitcoin’s trajectory. Dogecoin Price At Risk Of Another Slump Technical analysis suggests that the previously well-respected uptrend line, established in mid-November, has now turned into a formidable barrier. After breaching this support line earlier in the week, Dogecoin bulls attempted several times to push the price back above it. Yet none of these efforts have succeeded. Crypto analyst Kevin (@Kev_Capital_TA), who has been closely tracking the DOGE/USD 1-day chart, notes that DOGE is “getting rejected from the re test of this trend line that we were holding for almost a month on top of that it sits right in the macro .786 Fib.”—a technical zone often associated with significant turning points and potential reversals. Beyond the trend line, internal momentum indicators paint a challenging picture. Kevin emphasizes that the daily MACD for DOGE is showing “strong momentum to the downside,” a technical signal suggesting the market’s short- to mid-term bias may lean lower unless the broader crypto environment shifts. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal? In his view, “It’s safe to say without a BTC move higher the more probable move for DOGE in the short to mid term is lower. A BTC move higher could save us though.” He identifies $0.32—the origin of the prior uptrend line—as a primary downside target. Should DOGE fail to hold above that level, traders may look toward the $0.29 to $0.26 range as potential next stops. In another post on X, Kevin emphasized that Dogecoin price pinned between two critical long-term Fibonacci levels. He describes DOGE as currently “trading between the macro golden pocket,” roughly at $0.47, and the macro 0.5 Fib level near $0.39. According to him, a firm break above or below these pivotal levels could trigger what he calls a “cascading” effect of “aggressive movement.” He adds: “My position is that DOGE is not in control of itself and it’s fate lies purely in BTC’s hands at the moment so overly focusing on the asset is sort of a waste of time. I see nothing telling me the cycle is over therefore this should head higher soon enough regardless of short term noise. Nothing else to do but sit back and wait if you’re a long term holder who got in early like myself.” However, there is at least one silver lining worth noting. Kevin mentions he is “tracking [a] potential hidden bullish divergence” on the DOGE daily chart. Hidden bullish divergences occur when price action continues to trend higher over a longer timeframe, while momentum indicators—like the Relative Strength Index (RSI)—trend lower. Related Reading: Dogecoin, XRP Flashing ‘Overlooked’ Bullish Signal, Santiment Reveals This pattern can sometimes signal that a market’s underlying strength is greater than it appears. It is, as the analyst puts it, “pretty textbook” at the moment, though it still needs the all-important help from Bitcoin. “Still need BTC to cooperate so nothing guaranteed,” Kevin remarks. What About Bitcoin? Kevin points out that Bitcoin is currently “squeezing” between an upward trend line of support and a macro golden pocket—levels derived from the previous bull market high to bear market low. This tightening price action suggests an imminent resolution: BTC is unlikely to remain compressed in this zone much longer. A decisive breakout, in either direction, seems imminent and could have far-reaching consequences. “This upwards consolidation cannot last much longer. We will get a bust in either direction very soon,” Kevin predicts. On the liquidity front, Kevin sees significant upside liquidity blocks for BTC, noting that “built up liquidity” over the last 48 hours aligns with the macro 1.703 Fibonacci level. He also mentions observing data that shows whales purchasing large options calls for MicroStrategy (MSTR) stock. Such purchases may reflect anticipation of a BTC move higher, given MicroStrategy’s well-known Bitcoin treasury holdings. If these whales and liquidity indicators are correct, and BTC does indeed push upward, DOGE might find the “one lifeline” it needs to stabilize and reverse its current downtrend. At press time, DOGE traded at $0.405. Featured image created with DALL.E, chart from TradingView.com
Earlier in November, Dogecoin experienced a rapid ascent to new price highs, driving its Relative Strength Index (RSI) into the overbought zone. However, a crypto analyst revealed that the popular meme coin has officially exited this overbought range following its recent pullback below $0.4. This new shift could signal the potential for another significant surge […]
The Dogecoin price journey toward the coveted $1 mark has been a topic of interest for crypto enthusiasts and traders alike. Reaching $1 would solidify Dogecoin into a new psychological threshold and into new all-time high prices. However, there have been differing perspectives as to how and when this would happen. A technical analysis on the TradingView platform suggests that the Dogecoin price may encounter resistance at $0.48, experience a decline, and then resume its upward trajectory towards $1 and beyond. Dogecoin Price Could Reject At $0.48 Dogecoin is currently trading below the $0.48 mark, but technical analysis has pointed to a notable resistance situated around this price level. According to the Dogecoin price analysis of the 4-hour candlestick timeframe, the $0.48 price level is one to watch. Related Reading: XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85 This is because the Dogecoin price has yet to exhibit a notable break above this price level throughout the current bull market cycle. Particularly, the rally has been highlighted by two rejections just below the $0.48 price level, with the highest Dogecoin price so far being $0.475 on November 23 and December 8. The analyst points out that the Dogecoin price recently experienced a solid bounce from the 200EMA on a 4-hour timeframe. This bounce signifies that the bulls are still in control, as the price continues to show resilience against downward pressure. The confluence of support at the 200EMA with bullish momentum provides a foundation for Dogecoin’s upward movement, setting the stage for the anticipated test of the $0.48 level. Interestingly, Dogecoin’s inability to break above $0.48 yet has seen the price level being regarded as the zone of liquidity. The TradingView analyst emphasizes that this level remains a focal point, predicting that Dogecoin is likely to face another rejection at $0.48. Such a rejection could lead to a pullback deeper than any seen so far during this bull cycle and offer an opportunity for consolidation before attempting a stronger breakout. What Happens After The Retest? According to the analyst, a rejection at the $0.48 price level would see the Dogecoin price falling significantly and erasing most of the gains it piled up in November. Particularly, the analyst envisions a fall to fill the CME on lower zones up to the $0.20 price zone. Such a move is expected to have a devastating effect on the sentiment of bullish investors, specifically those anticipating a quick new Dogecoin price all-time high. Related Reading: Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible Despite this anticipated pullback, the analyst maintains a longer-term bullish outlook. Once Dogecoin reaches the $0.20 zone and completes the consolidation phase, a strong rebound is expected to follow. This rebound is projected to drive the price decisively past the $0.48 resistance and set the stage for Dogecoin’s journey toward the much-anticipated $1 milestone. With this in mind, the analyst highlighted the $0.24 to $0.20 range as the ideal buying zone to best capitalize on this move. At the time of writing, the Dogecoin price is trading at $0.42 and is up by 7% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has seen choppy price action over the past few weeks, reflecting the broader market’s indecision. After reaching a new yearly high of $0.484, the price retraced sharply, losing over 25% of its value. This pullback has left Dogecoin struggling to regain strength and find clear direction, creating uncertainty among retail investors. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Despite the retrace, on-chain data provides a promising signal for Dogecoin’s potential recovery. Metrics from Santiment reveal that Dogecoin whales took advantage of the recent dip, accumulating a staggering 210 million DOGE during the correction. This accumulation suggests that large holders position themselves for higher prices, signaling confidence in Dogecoin’s long-term outlook. The market is watching closely to see if this whale activity can reignite momentum and push Dogecoin back toward its highs. With whales accumulating during the correction, recovery might be on the horizon, but the price still needs to reclaim key resistance levels to confirm a bullish continuation. Investors and analysts are awaiting the next move, which could determine whether Dogecoin remains in a consolidation phase or resumes its upward trend. Finding Fuel To Rally Dogecoin has been a standout performer recently, experiencing a massive surge since November 5. The meme coin gained over 220% during this period, capturing the attention of retail and institutional investors alike. However, after this impressive rally, Dogecoin is now in a consolidation phase, as the market takes a pause before the next significant move. Top analyst Ali Martinez shared insights on X, highlighting on-chain data from Santiment that offers a bullish perspective. According to Martinez, Dogecoin whales took advantage of the recent price correction, accumulating an impressive 210 million DOGE. This activity underscores the growing interest in ‘smart money’, as large holders often accumulate during dips in anticipation of future price increases. Such whale activity is a positive long-term signal for Dogecoin and meme coins, suggesting confidence in its potential for further growth. Related Reading: Solana Will ‘Step Back Into The Spotlight’ Once It Reclaims $222 – Details Despite the bullish signals, Dogecoin must overcome current consolidation to maintain its upward trajectory. A breakout above the current pattern would likely trigger another surge, continuing its rally. However, failure to break out could lead to a deeper correction as investors reassess short-term market conditions. The next move will likely set the tone for Dogecoin’s direction in the coming weeks, making it a critical moment for the popular meme coin. Dogecoin Testing Crucial Demand Dogecoin (DOGE) is currently trading at $0.41 after successfully testing support at the $0.36 level, a critical area that has held firm during recent market volatility. Over the past few days, DOGE has been ranging sideways, confined between resistance at $0.48 and support at $0.36. This range-bound activity suggests the market is in a consolidation phase, with both bulls and bears waiting for the next decisive move. If Dogecoin can break above the key resistance level at $0.48, it would signal renewed bullish momentum and likely trigger a push higher. Such a breakout could attract more buyers and set the stage for DOGE to challenge its previous highs. On the other hand, failure to hold the $0.36 support level would likely lead to a deeper correction, with the potential to test lower demand zones as investors lose confidence in the short-term outlook. Related Reading: Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6 As Dogecoin remains within this range, traders and investors closely monitor the price action for signs of a breakout or breakdown. The next few sessions will be pivotal in determining whether DOGE resumes its upward trajectory or faces a more extended correction period. The meme coin sits at a crossroads, poised for its next big move. Featured image from Dall-E, chart from TradingView
Crypto analyst Master Kenobi has provided an update on the Dogecoin price action in comparison to the 2021 bull run. The analyst revealed that the DOGE/BTC chart has aligned with this previous cycle and predicted when exactly Dogecoin could experience the long-awaited pump. Dogecoin Price Nears Long-Awaited Pump In an X post, Master Kenobi predicted […]
Crypto analyst Bartfil has provided insights into the next move for the Dogecoin price based on past performances. Based on his analysis, Dogecoin could witness a significant price correction before it continues its upward trend. Where The Dogecoin Price Is Headed Next In a TradingView post, Bartfil compared the current situation of the Dogecoin price […]
A new Dogecoin price analysis reveals the potential for the number one meme coin to surge to a new all-time high at $4. According to a crypto analyst, this bullish target could become a reality if Dogecoin can maintain its position above a critical support level of around $0.35. Additionally, the analyst points to factors […]
The Dogecoin (DOGE) price is showing signs of pronounced weakness after a major price surge over the past two days. At one point on Monday and Tuesday combined, DOGE prices fell more than 21%. Following a remarkable rally since October 10—during which the memecoin surged over 360%—Dogecoin reached $0.4834 on December 8, the highest price since May 2021. However, strong downward pressure has since emerged. How Low Can Dogecoin Price Go? The current technical landscape suggests DOGE is at a critical juncture. Crypto analyst Kevin (@Kev_Capital_TA) shared his perspective on X with a daily DOGE/USD chart, commenting: “Dogecoin is in full breakdown mode. Everyone with their triangle kept saying that DOGE was breaking out but as the Doge lead analyst I was able to identify that on the macro linear chart Doge was actually right at its biggest points of résistance that being the macro golden pocket. I warned everyone that this was not the place to feel over exuberant and a major pullback was on the table. You’re welcome.” Kevin has previously highlighted the “golden pocket”—a zone defined by key Fibonacci retracement levels (the .703 and the .786), located in the $0.47-$0.60 range—as a critical resistance area. This region needed to be decisively overcome for DOGE to have a chance at reaching new all-time highs. The recent downturn suggests this resistance has held firm. Related Reading: Dogecoin Defies Crypto Market Crash: Analyst Says It Looks ‘Incredible’ Compounding the bearish case, the Dogecoin price recently broke below a rising trend line that had supported its advance over the past month. This trend line failure indicates a shift in market dynamics. When a price chart breaks below such a line, it frequently suggests that the buying pressure once driving the asset higher is waning. Traders may interpret this breach as a cue to take profits, exit long positions, or consider short setups. Another technical indicator supporting a bearish outlook is the Relative Strength Index (RSI) on the daily chart. The RSI has been trending downward over the past month, even as DOGE continued making higher highs. This classic bearish divergence—where price action and momentum indicators move in opposite directions—often precedes reversals. The recent move below the supporting price trend line, coupled with the RSI line breaking its own uptrend, confirms that the momentum may have decisively shifted to the downside. Related Reading: Don’t Be Surprised If Dogecoin Hits $1 Or $2 ‘In A Hurry’, Says Crypto Analyst As for potential downside targets, Kevin’s chart suggests that DOGE could drop into the $0.29-$0.26 region. Meanwhile, a closer look at the Fibonacci retracement levels on the daily chart provides a roadmap of possible support zones. Currently, the 0.5 Fib retracement at $0.39 appears to be a key battleground. A successful defense of this level might halt the bearish trend and even set the stage for a bounce back above the broken trend line. However, a daily close below the 0.5 Fib would likely open the door to deeper retracements. Under such circumstances, DOGE could target the 0.382 Fib at $0.31 and even the 0.236 Fib at $0.21 as the next potential support levels if the selling momentum accelerates. On the lower time frames, the 4-hour 200 EMA is currently the crucial support to hold. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has witnessed a notable decline amidst this wider bloodbath, as it is currently down by 8% in 24 hours. Nonetheless, Dogecoin continues to attract bullish sentiment despite the market crash. Cryptocurrency prices have declined massively in the past 24 hours, with the global crypto market cap declining by a little over 4% […]
The crypto market has seen the largest leverage flush out since April 2021 yesterday, December 9, as reported earlier today. Amidst the market shakeout, Dogecoin (DOGE) is one of the altcoins which is displaying significant signs of strength. In a post on X, crypto analyst CRG (@MacroCRG) argues that the DOGE price is showing “incredible” signs of resilience compared to the broader altcoin market. Here’s Why Dogecoin Looks ‘Incredible’ Despite the market downturn, Dogecoin managed to maintain the most crucial support level. CRG shared the below chart and commented, “DOGE looks incredible. Whole market shat itself but it barely flinched + didn’t break structure. Now funding has completely reset and a ton of OI has been washed out. Won’t be long until this is trending hard again IMO.” The chart reveals several critical insights that support his optimistic outlook for DOGE. Firstly, Dogecoin maintained a crucial uptrend line in the 4-hour chart (DOGE/USDT). This trend line has acted as a dynamic support level which the Dogecoin price has touched but not fallen below on three separate occasions since mid-November. Related Reading: Don’t Be Surprised If Dogecoin Hits $1 Or $2 ‘In A Hurry’, Says Crypto Analyst Each touch of this trend line triggered a rebound for the Dogecoin price, suggesting strong buyer interest at these levels. This alignment with the uptrend line is crucial because it indicates not only support but also growing confidence among investors each time the price dips to this line and subsequently recovers. Resistance, on the other hand, formed near the $0.47 mark. This level has been tested multiple times, and each attempt to break through has been met with resistance. The repeated tests of this resistance level without a breakthrough could typically suggest a consolidation phase, potentially building up for a stronger move upward if the market sentiment shifts positively. Furthermore, the chart shows a notable reduction in open interest in stablecoin-margined contracts. According to Coinglass data, $86.29 million in DOGE long positions were liquidated on December 9, the highest since the bull run of 2021. Related Reading: Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation This reduction in open interest presents a major ‘washout’ of speculative positions, typically viewed as a market reset where weaker hands exit, and the excess leverage is reduced. Notably, this cleansing of market participants could be another hint that a more sustainable upwards move is brewing. Another vital aspect shown in the chart is the reset of funding rates to lower levels, which is significant as it reduces the cost of holding long positions. Lower funding rates can encourage new buying activity, especially from participants who were previously sidelined due to high costs associated with maintaining leveraged positions. CRG’s analysis also includes an observation on the Cumulative Volume Delta (CVD) for both futures and spot markets. The CVD for futures has moved below that of the spot market, indicating that futures traders might be taking more bearish positions or closing existing positions more aggressively compared to spot traders. This divergence suggests that the spot market, which is generally less speculative, retains bullishness, while acting as a buffer against the bearish futures markets. At press time, DOGE traded at $0.40. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price shows signs of continued bullish momentum, as a crypto analyst has predicted a potential breakout towards the $0.74 all-time high. This significant price surge is expected to occur following the meme coin’s consolidation phase, which began after its recent rally above the $0.4 level. Dogecoin Price Eyes $0.74 ATH Rally A recent […]
Crypto analyst Master Kenobi has again alluded to the 91-day pattern to provide insights into where the Dogecoin price could be headed next. The analyst suggested that things could turn out differently for DOGE as its price action hasn’t exactly followed this historical pattern. What Next For The Dogecoin Price In an X post, Master Kenobi suggested that the 91-day sequence scenario may have been invalidated for the Dogecoin price. He explained that the chart had only touched the green trendline and failed to break through the yellow or orange trendline. This green trendline is at $0.46, which the DOGE price touched last week. Related Reading: Bitcoin Price Bull Run: Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000 However, the Dogecoin price failed to touch the yellow or orange trendline, which is at around $2 and $4, respectively. Before now, the crypto analyst predicted that Dogecoin could break above $1 and at least touch $2 this month as this 91-day pattern gets completed. Meanwhile, Master Kenobi also explained why Dogecoin closing last week in the green is significant. The crypto analyst noted that the weekly close in the green marks the eighth consecutive green week for the Dogecoin price, marking the second time this has happened. Statistically, Master Kenobi opined that this is not the most favorable configuration for the DOGE price, suggesting that the foremost meme coin might be in uncharted waters. However, based on Master Kenobi’s earlier Dogecoin price update, DOGE recording its eighth consecutive green week is something to keep an eye on. The last time this happened was during the final stage of the 2017 bull market, with a rally that began in November and ended in January with a 1,750% price increase during that period. Therefore, if history were to repeat itself, the Dogecoin price could still record massive gains ahead. In November, DOGE recorded a price gain of 161%, providing a bullish outlook for the foremost meme coin. Meanwhile, the December candle is currently green, although DOGE has yet to come close to its November gains. DOGE Is Far From A Price Breakout Crypto analyst Kevin Capital has asserted that the Dogecoin price is still far from a breakout. He made this statement while revealing that DOGE is currently at the macro golden pocket with 0.703 and 0.786 right above, stretching to $0.60. Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP In line with this, the crypto analyst remarked that anything price action below $0.60 should be treated with major caution as Dogecoin is far from a breakout of any kind. Kevin also called for market analysts to stop with the endless euphoria as the Dogecoin price is nowhere near the level at which a breakout can be expected. At the time of writing, the Dogecoin price is trading at around $0.44, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Technical analysis shows that the Dogecoin price is still on track to reach new all-time highs this bull cycle, especially with history pointing to similar bullish scenarios that have played out before. By analyzing historical cycles on Dogecoin’s monthly chart, patterns emerge that suggest a possible path toward the much-anticipated $10 milestone. Notably, these observations […]
Dogecoin experienced a modest rally yesterday, breaking past its local highs and reaching $0.484. The move excited the DOGE community, as the meme coin seemed ready for further gains. However, the price has since retraced slightly, failing to confirm a breakout above this critical resistance. Top analyst and trader Cheds shared his insights on X, revealing that Dogecoin is pressing against its range highs. According to his technical analysis, a confirmed breakout above these levels could set the stage for a significant rally, potentially driving DOGE toward new all-time highs. Related Reading: Large Ethereum Transactions Grow As ETH Breaks Yearly Highs While the recent price action has sparked optimism, the market remains cautious, with bulls needing to sustain momentum for any meaningful upside. Cheds highlights the importance of breaking above these critical resistance levels, emphasizing that a successful move could pave the way for DOGE to reclaim its bullish narrative. With Dogecoin at a crucial juncture, the next few days will determine whether the price continues to climb or settles into further consolidation. All eyes are now on the $0.484 mark as traders await confirmation of a breakout or signs of renewed selling pressure. Dogecoin Testing Key Levels Dogecoin is currently testing key liquidity levels around $0.44 and below the critical $0.50 mark, sparking intense interest among traders. These levels have acted as both support and resistance, making them crucial for determining DOGE’s next significant move. Analysts believe a clear path to new highs will emerge if Dogecoin can break above these thresholds. Top analyst and trader Cheds shared a detailed technical analysis on X, highlighting Dogecoin’s ongoing battle with its range highs since November 24. Despite multiple attempts, DOGE has struggled to confirm a decisive breakout, which would signal the beginning of a new rally. According to Cheds, once the meme coin clears these key levels, a massive surge is likely to follow, potentially propelling the price to challenge its all-time highs for the first time since 2021. This outlook aligns with Dogecoin’s recent price dynamics, which show resilience despite broader market volatility. The upcoming days are critical as traders await whether DOGE can solidify its breakout and sustain upward momentum. Related Reading: XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace Breaking above $0.50 and holding that level for several days will catalyze Dogecoin’s rally. If bulls succeed, the market could witness another parabolic move, reviving the excitement that has historically driven DOGE to unprecedented highs. Last Level Of Supply Before A Rally Dogecoin is trading at $0.43 after weeks of sideways consolidation and repeated failed breakouts, leaving investors increasingly frustrated with its stagnant price action. Despite attempts to gain upward momentum, DOGE has struggled to surpass key resistance levels, and the lack of a decisive breakout is testing the patience of market participants. Currently, all eyes are on the $0.44 level, a critical threshold for Dogecoin’s price trajectory. If DOGE manages to hold above this level in the coming days, a breakout could finally materialize, potentially leading to a surge toward higher resistance zones and reigniting investor enthusiasm. However, the downside risk remains significant. Should Dogecoin fail to maintain its current levels, it could face a deeper retracement, testing lower demand zones as investors reassess their positions. This would likely dampen sentiment further, leaving the meme coin vulnerable to continued consolidation or even bearish pressure. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark The next few days will be crucial for DOGE as the market awaits a clear directional move. Whether it secures a breakout or retreats to lower levels, Dogecoin’s performance in this range could set the tone for its price action heading into the end of the year. Featured image from Dall-E, chart from TradingView
Crypto analyst Cantonese Cat (@cantonmeow) suggests a scenario in which Dogecoin could reach $1 or even $2 relatively quickly. Posting on X, the analyst stated: “DOGE closed 3 weeks in a row above 0.786 log fib, which makes higher prices possible; don’t be surprised if it hits $1 or $2 in a hurry.” Why Dogecoin Is Even More Bullish Than Last Cycle In a recent YouTube video, Cantonese Cat provided in-depth technical analysis, comparing Dogecoin’s current cycle to its previous historic run. The analyst highlighted that last cycle, the price faced rejection around the 0.786 Fibonacci level (log scale) before pulling back and consolidating at the 0.618 level for approximately four weeks. This time, however, Dogecoin appears to be sustaining price action above the 0.786 log Fibonacci level without a deeper correction. According to Cantonese Cat, “So far we’re above the 0.786. That’s insane. It looks like it just wants to keep going up higher forming a very nice bull flag.” Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Reflecting on weekly Ichimoku Cloud signals and higher time frame indicators, the analyst emphasized that multiple technical factors appear aligned for further bullish momentum. “If you’re also just looking at like the weekly Ichimoku [Cloud], we broke through that convincingly,” he explained. Referencing the monthly chart, he added, “We broke through the monthly Cloud very convincingly and over here, for January 2021, we just broke through it in one stroke. Over here [last month] we broke through it in November, hit the 0.786 fib level here, got rejected and we broke through [the 0.786 in the first days of December].” Related Reading: Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish The analyst also pointed out that, unlike the previous cycle, Dogecoin is not exhibiting a significant retrace before attempting higher levels: “It doesn’t even really want to have a big back test or anything. You got kind of close to back test of the monthly [Cloud], didn’t really quite get there so all these are very bullish.” Cantonese Cat believes Dogecoin may soon challenge its all-time high levels, citing a more bullish overall chart structure relative to the previous cycle. “I think DOGE is going to make all-time highs relatively soon. Even the SuperIchi monthly is ready… This is a fairly bullish chart,” he remarked. The analyst referenced potential Fibonacci extension targets of $2.3 (1.414 extension) or even $4 (1.618 extension), underscoring that these levels, while seemingly high, remain theoretically on the table given current market conditions. “It’s kind of insane to think about because of the market cap, but so far I can’t deny the way that this looks right now—it actually looks a little bit more bullish than last cycle.” At press time, DOGE traded at $0.44. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price continues to stage an attempt to rally significantly towards the highly anticipated $1 mark. Amidst this bullish trend, a crypto analyst has spotlighted a distinctive technical pattern on the Dogecoin price chart known as a “rounded bottom.” As Dogecoin carefully forms this pattern, the analyst has forecasted a significant price surge ahead. […]
Crypto analyst Bluntz Capital has predicted that the Dogecoin price could soon witness a ‘violent’ 60% move against Bitcoin. The analyst further revealed what needs to happen for this parabolic rally to happen. Dogecoin Price To Record 60% Move Against Bitcoin In an X post, Bluntz Capital shared an accompanying chart showing that the Dogecoin […]
The Dogecoin price is still gearing up for a move to break above its current all-time high but continues to face resistance around $0.45 to $0.46. This resistance has been quite notable since the beginning of December, but the long-term outlook remains positive. According to a technical analysis on the TradingView platform, Dogecoin is set […]
Dogecoin is once again testing a critical resistance level at $0.43, showing signs of renewed bullish momentum. This level has proven challenging for DOGE in recent weeks, but the price action suggests the meme coin could be primed for a parabolic move. Bitcoin trader and investor Coinvo recently shared a technical analysis on X, emphasizing that DOGE has started a monthly breakout, signaling the potential for explosive growth. Coinvo’s analysis highlights that Dogecoin’s current setup aligns with historical patterns that have previously led to significant rallies. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark However, the bullish scenario hinges on the ability of DOGE bulls to reclaim and hold the $0.43 level as support. A successful breakout above this resistance could open the doors for a massive rally, drawing renewed interest from investors and potentially driving the price to new highs. Failure to reclaim this level may result in the loss of upward momentum. Such a scenario would create ideal conditions for a correction, as traders and investors could take profits or hesitate to enter the market without confirmation of strength. Positive Outlook For Dogecoin After weeks of relentless “only up” price action, Dogecoin has entered a consolidation phase, trading sideways for over ten days below the $0.44 resistance level. Despite this pause, the meme coin exhibits remarkable resilience, showing little to no signs of weakness. This stability amidst market uncertainty suggests that Dogecoin may be preparing for its next significant move. Top analyst Coinvo recently shared a compelling technical analysis on X, pointing out that Dogecoin appears to have initiated a parabolic rally on the monthly chart. Coinvo highlighted that such consolidations often act as a foundation for further upward momentum, allowing the market to catch its breath before resuming its rally. Historically, Dogecoin has demonstrated an ability to consolidate before launching into massive price surges, and this time seems no different. This phase could be a necessary pause to fuel the next leg up, potentially propelling DOGE to new all-time highs. The current price action indicates strong support, with buyers stepping in to maintain the price above key levels. If Dogecoin manages to break above the $0.44 resistance, it could signal the start of a fresh bullish wave, likely bringing significant attention back to the meme coin. Related Reading: SUI About To Break ATH Again – Can Bulls Target $4.20 This Week? However, market participants should remain cautious, as resistance at $0.44 has proven formidable. A confirmed breakout above this level would bolster the bullish narrative, but failure to do so could extend the consolidation phase. For now, Dogecoin remains one of the most closely watched assets in the market, with its next move potentially shaping its trajectory for the coming months. Is DOGE Ready For ATH? Dogecoin appears poised to break above key resistance levels at $0.44 and $0.48, signaling a potential continuation of the rally that began on November 5. After reaching a local high of $0.48 on November 23, DOGE entered a consolidation phase on November 12, maintaining a steady range. This consolidation has set the stage for the next decisive move. If DOGE successfully breaks above the $0.44 resistance and reclaims the $0.48 level while holding these as support, a massive breakout is likely to follow. Such a move would reaffirm bullish momentum and could propel the price into uncharted territory, drawing significant attention from traders and investors. However, failure to breach these critical levels could signal trouble for DOGE. A rejection at $0.44 or $0.48 would likely trigger a correction, weakening demand and pushing the price to lower levels. This would prolong the consolidation phase or potentially lead to a bearish trend as the market digests the lack of momentum. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H – What This Means To Price For now, Dogecoin’s price action suggests growing optimism among bulls, but the market awaits confirmation of a breakout. The coming days will be crucial in determining whether DOGE can sustain its upward trajectory or face renewed selling pressure. Featured image from Dall-E, chart from TradingView