The Dogecoin price is currently correcting after two weeks of intense price upticks that saw it reach $0.426 for the first time since its massive 2021 bull run. However, as is normal after such a crazy rally, the Dogecoin price now seems to be undergoing a brief correction as a few holders start taking profits […]
A crypto analyst, identified as ‘Trading Jesus’ on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin’s resistance and support levels, the analyst has underscored the major hindrance to the meme coin hitting the $1 milestone. Dogecoin Price Roadmap To The $1 Target In his X post, Trading Jesus shared a Dogecoin chart on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36, the crypto analyst has indicated that the next resistance level for Dogecoin is $0.44. Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout This crucial level could trigger major selling pressures for the meme coin as investors start liquidating their holdings. However, if Dogecoin can successfully break above the $0.44 level, the meme coin could enter a bullish phase, with its next price high at around $0.56. Trading Jesus has highlighted the $0.56 price increase as a profit-taking level at which traders and investors could begin selling their Dogecoin for potential gains. The analyst has also pinpointed a higher resistance level at $0.73336 if Dogecoin can maintain its bullish momentum above that level. At the $0.73336 resistance level, Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone. His chart revealed Dogecoin’s next bullish target to be $0.996 if its price continues increasing. On the flip side, Trading Jesus has also shown the support levels for Dogecoin if it fails to break past key resistance levels. The first support at $0.34 represents a crucial level where buyers might step in if the price of Dogecoin drops. This support level ultimately acts as a barrier to prevent more price drops. If Dogecoin declines below the $0.34 support level, the cryptocurrency could experience further downward pressure, leading to a drop towards the $0.25 mark. If more pullbacks occur, Trading Jesus has revealed that the Dogecoin price could bottom to new lows around the $0.18 level. Analyst Remains Bullish Despite DOGE’s 8% Price Decline While analysts foresee the Dogecoin price hitting $1, others have predicted even higher all-time highs for the popular meme coin. A crypto analyst known as the ‘Cantonese Cat’ on X has unveiled a weekly DOGE price chart projecting a potential leap to $4. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News In the chart, the analyst indicated that Dogecoin is on its way to hitting the $0.42 price level at the 0.786 Fibonacci level. Breaking past this level could trigger a surge towards the 1.618 Fib, representing a price increase above $4.0. The Cantonese cat has revealed that investors and traders likely have three to four weeks to accumulate at Dogecoin’s current price of $0.36 before it shoots up to $4. Featured image created with Dall.E, chart from Tradingview.com
A lawsuit alleging that Elon Musk manipulated the price of Dogecoin is drawing to a close, as investors have decided to withdraw their appeal against a dismissal issued on August 29. This case centered on accusations that Musk, one of the world’s richest individuals, and his electric vehicle company, Tesla, engaged in fraud and insider […]
Dogecoin (DOGE) has recently experienced a staggering rally. Over the span of eight days, DOGE surged nearly 200%, reaching a local peak at $0.4385 on Tuesday. This explosive growth propelled the daily Relative Strength Index (RSI) to almost 93, signaling strongly overbought conditions. Since then, the Dogecoin price corrected by 19%, trading at $0.37 as of press time. However, according to crypto analyst Kevin (@Kev_Capital_TA), who has gained significant attention on X for his Dogecoin price analyses, the correction phase may not be over yet. In a series of updates, Kevin addresses how low Dogecoin can go before resuming its upward trajectory. How Low Can Dogecoin Go? “My first price target and a level we will want to hold for Dogecoin is the $0.30-0.26 range, which is the golden pocket retrace levels,” Kevin stated. “That’s a 30-40% correction from the local top, which in a bull market is a perfect size correction.” Related Reading: Buy Dogecoin Now Or Wait? Analyst Points To Key Technical Indicator Kevin further explained the significance of RSI levels in predicting market movements. “A healthy 1-3 week correction/consolidation to cool off indicators would be the most beneficial thing that can happen to Dogecoin. Happened multiple times on the way up in 2020-2021,” he noted. “My opinion still remains this occurs soon based off the technical data I am looking at.” Drawing parallels to the previous bull market, he added: “Back in the 2020-2021 bull market for Dogecoin, it hit a 90+ on daily RSI three times, each time marking a local top or consolidation period before the next leg up. We just hit 90+ on the daily RSI for the first time, signaling that we potentially have 1-2 more legs up remaining in this bull market before we find the macro top. PS: The second and third legs were both bigger than the first leg.” On the lower time frames, the Dogecoin price action formed a symmetrical triangle, a chart pattern often associated with periods of consolidation that precede significant price movements. Kevin observed: “Tracking this weird Dogecoin symmetrical triangle. Honestly a 50/50 which way this breaks. I still favor the correction due to daily RSI being 90+.” The symmetrical triangle can serve as either a continuation or a reversal pattern, depending on market conditions. For the Dogecoin price, the breakdown from the triangle aligns with Kevin’s expectation of a correction due to overbought RSI levels. Related Reading: Dogecoin Outperforms Bitcoin: Bloomberg Expert Explains Why To estimate the potential magnitude of the price drop following the breakdown from the symmetrical triangle, traders measure the height of the triangle’s base—the widest part of the formation. This measurement is then projected downward from the point of breakdown, providing a target for the price movement. Applying this method to Dogecoin suggests a correction towards the $0.28 price level, which aligns closely with Kevin’s analysis targeting the $0.30-$0.26 range. “Looks like the correction I have been calling for the last couple of days is beginning on Dogecoin,” Kevin confirmed after observing the market movement. “Can’t go straight up, folks. Dips are healthy and reset the indicators so we can go higher. Hopefully nobody gets mad at me anymore for delivering the truth.” As of press time, Dogecoin is trading at approximately $0.37, having retraced about 19% from its local top. The price appears to have found temporary support at $0.35, but with the daily RSI only resetting to 80—still in overbought territory—a continuation of the correction cannot be ruled out. “A healthy 1-3 week correction/consolidation to cool off indicators would be the most beneficial thing that can happen to Dogecoin,” Kevin reiterated. “Happened multiple times on the way up in 2020-2021. My opinion still remains this occurs soon based off the technical data I am looking at.” Featured image created with DALL.E, chart from TradingView.com
Dogecoin and Solana are two of the largest cryptocurrencies by market cap and are closely positioned within the top ranks of the market, with only BNB separating them. Both cryptocurrencies have seen their respective market caps increase massively in the past 30 days. At the time of writing, Solana has a market cap of $104 […]
Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months. Notably, he projects the Bitcoin price reaching between […]
Driven by bullish market sentiment following Donald Trump’s win in the concluded US Presidential election, the Dogecoin price has been steadily increasing, aiming to break through the $0.4 resistance level. A crypto analyst of Trading View has discussed several factors that could propel the Dogecoin price even higher, potentially hitting the $1 mark in this bull market. Key Drivers To Send The Dogecoin Price To $1 A recent post on TradingView discusses the potential for the Dogecoin price to soon hit the coveted $1 milestone. Presenting compelling factors, the report suggests that Dogecoin could see its price surging to $1 with the influence of SpaceX and Tesla CEO Elon Musk. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins To put it more clearly, TradingView has revealed that Musk’s steadfast support and devotion to DOGE could allow the meme coin to steadily grow to a $130 billion market capitalization, representing a $1 price surge. In addition, Dogecoin‘s increasing popularity in the financial space is also set to catalyze a potential price surge. Currently, Dogecoin is one of the most talked-about meme coins in the market, as the cryptocurrency has among the top gainers in this bull market. With more users and investors flooding into the DOGE ecosystem, demand and adoption are poised to rise, potentially triggering a major price spike. According to CoinMarketCap, the Dogecoin price has increased by a staggering 250% in just one month. This massive price surge saw the meme coin jump from around the $0.2 price level to new highs around $0.4. TradingView’s report noted that many analysts foresee the Dogecoin price hitting the $1 price tag in the near future. Notably, Jeremy, a prominent crypto analyst, told his 180,300 followers on X (formerly Twitter) that the Dogecoin price is gearing up to reach $1, driven by Musk’s support and the integration of the meme coin in America’s economy. Other X crypto analysts like ‘Bark’ have projected even higher price surges for DOGE, believing it could rise to $10. DOGE Outperforms Bitcoin During its report, TradingView also revealed that the Dogecoin price is currently outperforming Bitcoin by 150%. As mentioned earlier, Dogecoin has been on a parabolic run recently, jumping 110% in just one week while still accumulating gains as of writing. TradingView’s report revealed that following Trump’s Presidential win in the concluded US election, the Dogecoin price rallied 180%. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? This massive price surge outperformed Bitcoin, which grew only 30% within the same period. While Bitcoin’s price is significantly larger than DOGE and has successfully achieved a new ATH, DOGE, with a lower price of around $0.4, is viewed as a more accessible and profitable option for smaller investors. Despite the clear gains in the Dogecoin price, analysts from TradingView caution against jumping headfirst too quickly. They warn that downturns remain possible and low prices can be deceptive. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is again eyeing a parabolic rally that will put the meme coin in price discovery and send it to new highs in this market cycle. Crypto analyst Mikybull Crypto indicated that the Dogecoin price could replicate its 16,000% surge from 2020 as it enters price discovery. Dogecoin Eyes Parabolic Rally To Price […]
The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formation of a new Department of Government Efficiency (DOGE) to be led by Elon Musk and Vivek Ramaswamy. Interestingly, Dogecoin is up by about 250% in the past 30 days, far outpacing that of Bitcoin’s 40% increase in the same timeframe. This Dogecoin price overperformance against the Bitcoin price has seen the DOGE/BTC pair breaking above a descending trendline. Notably, crypto analyst KALEO forecasts substantial gains for Dogecoin against Bitcoin, noting a significant breakout in the DOGE/BTC pair. Analyst Says A 175% Dogecoin Price Surge May Be On The Horizon Crypto analyst KALEO highlighted a promising outlook for the Dogecoin price with his recent analysis of the DOGE/BTC trading pair. According to the price chart shared by the analyst, the Dogecoin/Bitcoin pair has been trending downwards since the first half of 2021. This downward path has been full of lower highs and lower lows, leading to the creation of a channel downtrend on a higher timeframe (HTF). However, the recent performance saw the pair break out of the upper trendline. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, the last time this happened was in early 2021, just before the crazy 175% rally that sent the Dogecoin price surging to the current all-time high of $0.7316. He pointed out that the current Dogecoin price movement reflects similar momentum, suggesting another rapid 175% rise could be imminent. KALEO emphasized that recent market conditions, Dogecoin’s resilience, and growing interest stemming from Donald Trump and Elon Musk’s DOGE’s department have contributed to a favorable setup for a potential rally. “With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push again, I wouldn’t be surprised to see something similar here,” he commented. Dogecoin Accumulation Points To A Continued Price Surge Aside from the technical analysis of the Dogecoin price breakout above Bitcoin, KALEO also points out an interesting accumulation trend in the last 48 hours after the breakout. As it stands, the DOGE/BTC pair seems to be taking a breather and is now consolidating within a range. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins He noted that the current accumulation phase is taking place just above the higher timeframe resistance level, setting a strong foundation for Dogecoin’s next bullish move. This accumulation trend has served as a launchpad in past rallies, and this could also repeat itself soon. The broader crypto market landscape also supports KALEO’s bullish prediction for Dogecoin against Bitcoin. Not only is Dogecoin set to keep outperforming Dogecoin, the projected Dogecoin rally is going to be more pronounced considering the Bitcoin price is also projected to keep climbing. At the time of writing, Dogecoin is trading at $0.401, while Bitcoin is trading at $90,800. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has put in a sensational performance since November 4th. In the past 10 days, Dogecoin has risen by an incredible 170%, with no major correction to date. After reaching its highest level since May 2021 at $0.4385 on Tuesday, the DOGE price was trading at just under $0.40 at the time of writing. Buy Dogecoin Now Or Wait? Crypto analyst Kevin (@Kev_Capital_TA), who recently gained significant attention on X (formerly Twitter) for his Dogecoin price analysis, has posted a series of updates addressing the question on whether investors should buy Dogecoin now or wait for a potential market correction. Kevin revealed that he has started taking profits from his Dogecoin holdings due to recent price appreciations. “I sold an additional 3% of my Dogecoin bag at $0.39,” he stated. “That makes for a total of 8% of my entire DOGE bag sold. I have 92% of my bag remaining.” He outlined a systematic approach to profit-taking as the price climbs, with specific targets in mind. “My next planned take profit area will be previous all-time highs, then $1 if we get there. My goal is to have 25% of entire bag sold by the time we get to $1, then we ride from there and play it as it goes.” Related Reading: Dogecoin Outperforms Bitcoin: Bloomberg Expert Explains Why Despite the bullish momentum, Kevin warns of an impending market correction that could impact Dogecoin significantly. “The correction that is inevitably coming is going to melt so many weak hands away; it’s gonna be wild to see,” he cautioned. He observed that while many altcoins have already undergone corrections—some by as much as 20-25%—Dogecoin has been an exception. “Basically all altcoins are getting the correction I called for besides Dogecoin,” he noted. Kevin’s analysis centers on a key technical indicator, the Relative Strength Index (RSI), which measures the speed and change of price movements. A high RSI indicates overbought conditions, suggesting a potential price reversal. “Still keeping a close eye on Dogecoin for a sharper drop,” he commented. “Based off history and the current technicals, it still heavily supports a correction to cool off indicators before heading higher.” He pointed out that Dogecoin’s daily RSI has reached alarming levels. “Daily RSI just tapped 94 again and the 0.786 FIB [Fibonacci retracement level]. I think this is the likely scenario in the short term,” Kevin explained. “That RSI needs to cool off badly.” Related Reading: Dogecoin Price May Explode By 10,200% Based On Classic Chart Pattern: Expert Kevin predicts a short-term price decline for Dogecoin before a resurgence. “I think Dogecoin will go back to $0.26–$0.28 and then reload to come back up and break ATHs [all-time highs],” he stated. While acknowledging that a surge in Bitcoin’s price could temporarily boost Dogecoin, he remains cautious. “If BTC taps $94K–$95K in the short term, it will drag DOGE higher, but I still think we get a bigger correction before heading higher,” Kevin asserted. Despite short-term concerns, Kevin maintains a positive long-term outlook for Dogecoin. “The Dogecoin monthly RSI is currently at 74, which is full bull market territory,” he highlighted. “The Monthly RSI tops out in DOGE bull markets anywhere from 88–98. We got a long way to go, folks.” He also cautioned against unrealistic price predictions propagated by some influencers. “If your Twitter #Crypto Guru is telling you #Dogecoin is going to $28, I urge you to unfollow them. It’s pure clickbait and is literally close to impossible,” Kevin warned. “Ask them what the market cap would be at that price level and see how they react. […] They don’t care about you; they want you as exit liquidity.” At press time, DOGE traded at $0.40. Featured image created with DALL.E, chart from TradingView.com
Veteran trader Peter Brandt has brought fresh attention to DOGE by identifying striking similarities between the current Dogecoin price action and the Bitcoin price movements from 2015-2016. Brandt highlighted these patterns in a recent post on social media platform X, suggesting that Dogecoin could be following in Bitcoin’s early footsteps. Peter Brandt’s Observations On Dogecoin […]
The Dogecoin price is starting to reverse some of its gains it made last week. At the time of writing, the Dogecoin price is down by 9% in 24 hours, but it is in a good place to reverse these losses very soon. Particularly, Dogecoin is still on track to close the month at a very long bullish candle. Notably, crypto analyst Trader Tardigrade highlighted this phenomenon for the Dogecoin price on social media platform X. As pointed out by the analyst, Dogecoin is on track to close November above the previous highest monthly close level. Dogecoin Price To Make Higher Monthly Close Breaking above its previous highest monthly close might seem like a routine move during bullish rallies for some cryptocurrencies, but for Dogecoin, it signals something far more significant. Historically, each time the Dogecoin price exhibits this phenomenon, it has always marked the beginning of a stronger rally. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, this occurrence has been rare in Dogecoin’s 11-year history, making it even more impactful when it does happen. What’s more interesting is that whenever it occurs, it has always gained more than 1,000% in just a few months. The last time the Dogecoin price closed above its highest monthly close was in 2021, which ultimately led to a surge of more than 8,000% in about four months. This surge was what led to the current Dogecoin all-time high of around $0.732. Prior to the 2021 rally, a similar breakout took place in 2017. This earlier instance triggered an impressive 1,000% rise over the course of eight months. What Does This Mean The DOGE? Given these historical patterns, we could as well look forward to a repeat of a powerful rally in the coming months. According to price data, the current highest Dogecoin price monthly close is $0.35 in August 2021. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins At the time of writing, the Dogecoin price is well on track to make a new highest monthly close this November. If history were to repeat itself, we could see Dogecoin surging between 1,000% and 8,000% in the coming months. Such a trend would not only be significant for Dogecoin investors but could also have broader implications for other cryptocurrencies in the meme coin market. As pointed out by Trader Tardigrade, a repeat of the first 1,000% case would see Dogecoin reaching $3.6 by July 2025. On the other hand, a repeat of the extraordinary 8,000% case would see Dogecoin reaching $26.9 by March 2025. Even a price movement between these two scenarios would result in a substantial return. At the time of writing, Dogecoin is trading at $0.372. Although it has retraced about 9% in the past 24 hours, Dogecoin is still up by 140% since the beginning of November. Featured image created with Dall.E, chart from Tradingview.com
Max, the founder and Chief Executive Officer (CEO) of Because BTC, a crypto-focused company, has just disclosed that he has sold off his Dogecoin (DOGE) holdings to buy Pepe tokens. This surprising news comes amid a significant decline in the Dogecoin price, which has fallen 9.8% from its previous high. Crypto Founder Dumps DOGE For […]
So far, the $1 target has been a psychological level that market participants expect the Dogecoin price to reach in this bull run. Based on Dogecoin’s Fibonacci levels, crypto analyst Dj Anas has predicted that the foremost meme coin could even reach this target by year-end. Fibonacci Levels Show That The Dogecoin Price Can Reach $1 By Year-End In a TradingView post, crypto analyst Dj Anas cited Dogecoin’s Fibonacci levels as why he believed the price could reach $1 by year-end. Based on the Fibonacci levels, The analyst remarked that Dogecoin is witnessing a solid push on the support-resistance line between $0.25 and $0.27, which could act as a solid foundation for the upward movement to the $1 target. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins Crypto analyst Swallow Premium responded to the post and warned that the Dogecoin price would have to break many resistance levels first if it is to reach this target by year-end. Meanwhile, like Dj Anas, crypto analyst Master Kenobi, who correctly predicted the start of the Dogecoin bull run, has also suggested that the Dogecoin price can reach $1 by year-end. This came as he revealed that Dogecoin was less than 30 days away from completing a 91-day sequence which could lead to the price rally to $1. Master Kenobi further explained that Dogecoin’s current all-time high (ATH) is already slightly above the psychological threshold of a $100 billion market cap, which could propel the Dogecoin price to this target. The accompanying chart he shared shows that DOGE could reach $1 by December 2. Master Kenobi said that the $1 target for the Dogecoin price isn’t just an important psychological threshold but also a major benchmark that validates DOGE’s potential. He added that reaching $1 would mark a new stage in the meme coin’s maturity and solidify its position as an asset with lasting impact. The Next Four Months Could Be Huge For DOGE In an X post, crypto analyst Trader Tardigrade suggested that the next four months could be huge for the Dogecoin price. This came as he revealed that Dogecoin had just surpassed its previous highest monthly close level. The last time this happened, the Dogecoin price recorded a gain of 8,000% in just four months. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Meanwhile, during the 2017 bull run, when this happened, the DOGE price rallied by 1,000% in eight months. As such, Dogecoin could again witness a parabolic rally, just like in 2017 and 2021. The analyst’s accompanying chart showed that the Dogecoin price could rise to $3.6 if it mirrors the 1,000% gain from 2017 and rally to $26 if it mirrors the 8,000% gain from 2021. At the time of writing, the Dogecoin price is trading at around $0.36, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) experienced a sharp decline, dropping 10% in the last 24 hours. After surging to a peak of $0.4385 on Tuesday—the highest since May 2021—the meme-based cryptocurrency has fallen over 16%. This downturn has occurred despite a significant announcement from President-elect Donald J. Trump. Dogecoin Slumps Despite ‘DOGE’ Formation Trump unveiled the formation of […]
Over the past few weeks, Dogecoin (DOGE) has exhibited a massive surge, significantly outperforming Bitcoin (BTC) and other major altcoins. The memecoin has soared by 170% in the last two weeks, an astounding 250% over the past five weeks, and 95% in just the last five days. This meteoric rise has positioned Dogecoin as one of the top-performing digital assets in the current market landscape. Why Is Dogecoin Outperforming Bitcoin? Michael P. Regan, the global team leader for cryptocurrencies at Bloomberg and a former senior markets editor, shed light on this phenomenon during an interview with Bloomberg Crypto. Addressing skepticism from traditional investors regarding Dogecoin’s fundamentals, Regan acknowledged the coin’s unexpected resilience. “Dogecoin, I think, has surprised everybody with its staying power,” Regan stated. “When you talk about the fundamental values, that gets kind of, you know, sort of a philosophical discussion when it comes to crypto. But one thing about Dogecoin that’s really interesting is it is actually very cheap to transact with, much cheaper than Bitcoin.” Related Reading: Dogecoin Price May Explode By 10,200% Based On Classic Chart Pattern: Expert Regan highlighted practical use cases that contribute to Dogecoin’s value proposition. “We’ve had stories—you do actually find people using it for remittances, you know, people sending money back home to Venezuela to their parents. It’s a lot cheaper to do that with Dogecoin than most other cryptocurrencies,” he explained. Additionally, he mentioned the growing acceptance of Dogecoin in everyday transactions: “There’s even people developing payments apps. You know, there’s a pizza place, Williamsburg Pizza in New York, that accepts Dogecoin.” Despite its origin as a joke, Regan believes there’s more to Dogecoin than meets the eye. “It started as a joke. You know, it still makes me laugh to think about it, but there is something there that’s a little bit sort of more serious than most people realize, I think,” he concluded. The Elon Musk Effect When asked about the influence of Elon Musk on Dogecoin’s recent rally, Regan didn’t mince words. “This rally we’ve seen, I think, is almost, you know, completely tied to Elon Musk,” he asserted. Musk, a well-known advocate for Dogecoin, has a history of impacting its price through his public statements and social media activity. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern – Details “Elon Musk has been a huge champion of Dogecoin lately. I think, you know, just for the memes—the guy likes funny memes on the Internet. Dogecoin is sort of the, you know, meme coin of choice on X and Twitter before that,” Regan remarked. He emphasized the speculative nature of the memecoin and Musk’s significant role within it. “It’s hard to know exactly, you know, if that’s as far as Musk’s appreciation for it goes. But regardless, you know, crypto is all about speculation. He likes it,” Regan said. Highlighting the impact of Musk’s involvement, Regan concluded, “It’s up almost 200% since the election,” referring to the hype which the establishment of the Department of Government Efficiency (DOGE) created. At press time, DOGE traded at $0.38698. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has skyrocketed over 200% in less than three weeks, riding the wave of Bitcoin’s recent record-breaking rally. As BTC surged to new all-time highs, the momentum carried over to altcoins, with Dogecoin leading the pack in aggressive gains. This historic price surge has captured the attention of traders and analysts alike, sparking excitement for DOGE’s future potential in this bullish market phase. Renowned crypto analyst and investor Ali Martinez recently shared a technical analysis highlighting Dogecoin’s upward trajectory, setting bold targets that have left the community buzzing. Related Reading: Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details According to Martinez, if DOGE continues to align with its current macro trend channel, it could reach an impressive $2.4 price target soon. Furthermore, Martinez notes that, under certain conditions, Dogecoin could aim as high as $18 should broader market dynamics and macro support levels remain favorable. With DOGE’s explosive growth and heightened investor interest, these next few weeks will be critical. If market conditions persist and BTC’s bullish trend holds, Dogecoin may continue its path upward, pushing into levels previously considered out of reach. Dogecoin Leading The Memecoin Dogecoin has taken the lead in the meme coin market, surging massively over the past few weeks and drawing attention from investors and analysts alike. With renewed momentum, DOGE has started an uptrend, forming a solid bullish structure that suggests further upside. Many analysts now see Dogecoin as a high-potential asset in the current market cycle, especially as broader sentiment remains positive across major cryptocurrencies. Ali Martinez, a well-regarded crypto analyst and investor, recently shared a technical analysis on X highlighting Dogecoin’s impressive setup within a macro channel. According to Martinez, if DOGE tests the middle or upper boundary of this long-term channel, it could potentially reach ambitious price targets of $2.40 or even $18. Martinez’s optimistic analysis aligns with the broader market view that DOGE, a well-established coin with a strong community and historical price resilience, is primed for significant growth. His analysis underscores the potential for this rally to continue in a major way, especially if BTC maintains its bullish trajectory, supporting altcoin momentum. For investors seeking high-risk, high-reward opportunities, DOGE stands out as a viable option with a potentially huge upside. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside As market participants closely watch for a potential test of these channel boundaries, Dogecoin’s current rally could signal the beginning of a transformative bull run, rewarding those strategically positioned themselves. While volatility is likely, the opportunity for massive gains could attract both retail and institutional interest, setting Dogecoin up as a leading player in this bull market. DOGE Hits Multi-Year Highs Dogecoin has reached a price level not seen since May 2021, breaking several local highs established over the past three and a half years. The recent rally took DOGE to a peak of $0.43, marking a substantial recovery and signaling bullish strength in the meme coin market. After two intense weeks of buying pressure, the price has slightly cooled and is now trading around $0.382, suggesting some consolidation may be underway. A deeper retracement to the $0.34 level would provide a healthy setup, allowing the previous supply zone to flip into a new demand zone, supporting sustained upward movement. Such a pullback would likely appeal to investors looking for re-entry opportunities at a support level before the next bullish leg. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? However, with strong price action in play, a continued move toward the next major resistance at $0.45 remains a realistic scenario. Investors closely following DOGE expect further upside, as the coin’s recent momentum could drive another test of this multi-year resistance. Featured image from Dall-E, chart from TradingView
The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin. This optimistic price forecast comes as the Dogecoin price breaks out of a legendary Bull Pennant pattern, which the analyst has indicated is a major bullish signal. Dogecoin Price Breaks Out […]
The Dogecoin price has started a fresh climb above $0.4 for the first time in over three years, putting it at levels not seen since the 2021 bull market. Particularly, the meme coin is up by about 55% in the past 24 hours, further relaying the bullish sentiment. Interestingly, this latest move on the technical […]
Henrik Zeberg, a prominent macroeconomist known for his expertise in business cycles and Head Macro Economist at Swissblock, released a technical analysis for the Dogecoin price by popular demand. Within the monthly chart of DOGE/USD, Zeberg highlights potential future prices based on Fibonacci extensions and a specific chart pattern known as the “Rounding Bottom.” Will Dogecoin Price Hit $29? Zeberg’s technical approach draws heavily on the historical performance of Dogecoin, suggesting that its price might follow a bullish trajectory mirrored in previous cycles. In his analysis, he points out, “DOGE seems to develop a Rounding Bottom structure in each Cycle. We observe how each cycle has produced higher and higher levels into the Euphoria phase.” The Rounding Bottom is a proven chart pattern often seen in financial markets which signals a reversal or a significant shift from a downward trend to an upward trend. The pattern is recognized by its gradual, rounded recovery from a low point, resembling the shape of a bowl or a saucer. This pattern indicates a slow and steady accumulation phase among buyers, followed by a gradual increase in price and demand. Related Reading: Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What’s Coming Next The formation of a Rounding Bottom begins when an asset hits a new low and then slowly starts to recover, with buyers gradually entering the market, wary of the downtrend but starting to gain confidence as prices stabilize. As the asset’s price ascends, it reflects increased buying pressure and a decline in selling pressure, suggesting a shift in market sentiment from bearish to bullish. To confirm a Rounding Bottom, the price must break through the resistance level that initially led to the pattern’s formation, often marked by the highest point of the curve before the asset’s price began to fall. For the Dogecoin price, this is the price level around $0.49 which Zeberg identifies as the first price target. The breakout typically needs to be accompanied by an increase in volume and can signal a long-term bullish trend. If DOGE manages to break this resistance in the coming days, the future could be massively bullish. Related Reading: Dogecoin Descending Triangle Could Hint At Next Destination For DOGE Zeberg utilized Fibonacci levels to provide specific future price targets for Dogecoin. The Fibonacci extension levels specifically marked on the chart for Dogecoin include the 1.27 Fib ($0.4924) which Zeberg labels as target 1 with a potential gain of 75%. The next price target for the Dogecoin price is the 1.618 Fib at $0.08030 which is referred to as target 2 with an anticipated increase of 180% by Zeberg. The 2.618 Fib at $3.2738 is marked as target 3, an ambitious goal representing an 8x increase. Moreover, the 3.618 Fib at $13.3641 and 4.618 at $54.4064 are also marked, though not explicitly linked to immediate targets, indicating very optimistic long-term possibilities should the market enter another phase of euphoria akin to past cycles. In discussing these targets, Zeberg cautions, “Could we see even more crazy development? Nothing is certain – but the setup looks like a repetition of what we have seen in earlier phases.” This statement refers to Zeberg’s main target for this bull run, which stands between the 3.618 and 4.618 Fibonacci levels at $29, assuming the entire market remains in a mania phase for an extended period. In this scenario, Dogecoin would achieve a gain of 10,200%. At press time, DOGE traded at $0.41. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1. FLOKI Is The Next Meme Coin To Follow Dogecoin Price In an X post, The Bonk […]
Crypto analyst Ali Martinez predicted that the Dogecoin price could rally significantly, leading to double figures for DOGE. This comes as the crypto market continues to trend upward, with Dogecoin standing out as one of the top gainers. Dogecoin Price To Explode And Reach $18 In an X post, Martinez predicted that the Dogecoin price could explode by 4,500% and rally to $18. He stated that this will happen through a test of the middle or upper boundary of the channel, which puts the DOGE target at $2.40 or $18. Dogecoin will need to test the upper boundary to reach the $18 target, while only a test of the middle boundary will put the price at $2.40. Related Reading: Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000 In an earlier X post, Ali Martinez offered a more bullish outlook for the Dogecoin price. He predicted that the foremost meme coin could rise to as high as $23.26 in this bull run. He claimed that Dogecoin was about to go “parabolic” and cited historical patterns to prove why such a parabolic rally could happen. Based on historical patterns, the analyst stated that a potential top might lie between 1.618 and 2.272 Fibonacci levels, which would put the Dogecoin price between $3.95 and $23.26. Martinez also alluded to Elon Musk’s impact on Dogecoin when he previously stated that DOGE could reach $23 in this market cycle. The Dogecoin price has been on a massive bull run since Donald Trump won the elections, partly because of Elon Musk’s proposed Department of Government Efficiency (D.O.G.E), which would positively impact the meme coin. For context, the Doogecoin is up 139% since Trump’s victory. Update On The DOGE Bull Run Crypto analyst Master Kenobi, who rightly predicted the start of the Dogecoin bull run, has provided an update on what could happen next for the Dogecoin price. He stated that DOGE could range between $0.33 and $0.40 for a while before it pushes to its current all-time high (ATH) at $0.73. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 The analyst further remarked that there will likely be a potential rejection in the initial phase, which he claimed is welcome. This rejection will then be followed by a consolidation period of around one to two weeks, similar to the previous cycles. The analyst also raised the possibility that the Dogecoin price is already replicating its price action in the last cycle. If so, Master Kenobi remarked that this sets the Dogecoin price for a breakout and strengthens the probability of a continued upward trend. Crypto analyst Trader Tardigrade predicted that Dogecoin could rise to as high as $30 if it mirrors its price action in the 2021 bull run. At the time of writing, the Dogecoin price is trading at around $0.41, up over 48% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]
The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could set off a price rally toward the $1 mark. Golden Cross Sparks $1 Target For Dogecoin Price The world’s largest meme coin, Dogecoin, has just completed the “Textbook Weekly Golden Cross“ for the first time in four years, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally. According to Kevin, a Golden Cross typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA indicates a price average over a longer term. More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target. Kevin shared a price chart Depicting Dogecoin’s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets for the meme coin, with some even surpassing the $1 target. Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1. Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards. Analyst Says Golden Cross To Drive DOGE Even Higher In another X post, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin. The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as ”life-changing rallies“ when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has been on a crazy inflow trend since the beginning of November. This trend, stemming from an increase in activity, has seen the Dogecoin price now trading at a new 2024 high. Notably, the Dogecoin price recently achieved a significant milestone by reaching the $0.30 mark, a level not seen since August […]
Crypto trader Melika correctly predicted that the Dogecoin price would rally to $0.3 back in October. Interestingly, this was only the trader’s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term. Dogecoin Price To Rise To $3.80 In The Long Term In the TradingView post, Melika predicted that the Dogecoin price could rise to $3.80 in the long term. The crypto trader gave these price targets back in October based on a cup-and-handle pattern forming on Dogecoin’s chart. This is a bullish continuation pattern in which the price rallies after a consolidation phase. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 Back in October, Melika stated that if the handle pattern completes and breaks upward, the Dogecoin price could reach $0.38 and $0.52 as immediate targets. He added that a breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, which aligns with higher resistance levels, which he highlighted on the chart. In a recent update on the October post, Melika confirmed that the trade is still active and that the Dogecoin price is heading toward the target. As such, Dogecoin will likely rally to $0.52 soon enough and then $3.80 in the long term. Crypto analyst Dima James also recently highlighted a cup-and-handle pattern that was forming for DOGE, as he predicted that the Dogecoin price could reach $10. The analyst noted that the meme coin has formed this bullish pattern in every market cycle. Dogecoin rallied over 3,300% in 2016 and 12,000% in 2021 after this cup-and-handle pattern formed. DOGE Completes First Weekly Golden Cross In Four Years Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that Dogecoin has completed the textbook weekly Golden Cross for the first time in four years, with the 50 SMA crossing the 200. The analyst noted that this signals that the Dogecoin price will likely rise soon enough. Related Reading: Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle? He further revealed that in 2020, when the Golden Cross happened, the Dogecoin price dipped for a couple of weeks before surging to new all-time highs. As such, he warned market participants to be slightly cautious in the short term since Dogecoin could again experience a correction, just like in 2020. However, he added that if the Bitcoin price decides to maintain its upward trend, then DOGE will also do so. Meanwhile, in another X post, Kevin Capital opined that a Dogecoin price rally to $3.90 in this market cycle looks unlikely. He added that a rise to $1.80 is also a stretch but can definitely happen depending on Bitcoin’s performance in this bull run. At the time of writing, the Dogecoin price is trading at around $0.28, up over 25% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has highlighted a similarity between the Dogecoin price action and that witnessed in 2020. The analyst further revealed what happened the last time this pattern formed on the Dogecoin chart and what to expect. Dogecoin Price Sees Bi-Monthly Rise To 2020 Levels In an X post, Trader Tardigrade revealed that the […]
The rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) continues to rage, making headlines and becoming a top discussion among crypto community members. Recently, Investment firm Sistine Research unveiled a Shiba Inu chart analysis, which suggests that SHIB might be poised to outperform DOGE in 2025. The chart analysis points to a possible increase in […]
Analyst Olivier has indicated that the Dogecoin price could be only a few weeks away from a new all-time high (ATH). The analyst further revealed what must happen between now and then so the meme coin could surpass its current ATH of $0.73. Dogecoin Price Could Hit New ATH If This Happens In an X […]
The Shiba Inu price has closely followed Dogecoin, considering that the two are the largest meme coins by market cap. This has led to talks of what SHIB’s price would be if it reached Dogecoin’s market cap. What The Shiba Inu Price Will Be If It Reaches Dogecoin’s Market Cap MarketCapOf data shows that the […]