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 […]
As the crypto market rides the bullish wave spurred on by Donald Trump’s win in the United States Presidential elections, the Dogecoin price has emerged as a top performer, gaining over 25% earlier this week. With momentum building toward a potential all-time high, a crypto analyst highlights that Dogecoin’s downside risk has significantly decreased. This positive shift is attributed to the recent bullish trend across the 1-month, 2-month, 3-month, and 6-month candles, which are now turning bullish. Dogecoin Price Outlook Brightens With Long-Term Candles In a recent technical analysis, a crypto analyst on X (formerly Twitter) identified as ‘The Coach’ declared that the Dogecoin long-term candles, specifically the 1M, 2M, 3M, and 6M indicators, are all turning bullish. These monthly candles reflect a cryptocurrency’s price performance over an extended period and are often used to gauge larger market trends. Related Reading: This Crypto Analyst Correctly Predicted The Bitcoin Price Rise To $75,000, Here’s The Full Prediction In the case of Dogecoin, these long-term candles highlight that the meme coin has recorded consistent price increases, experiencing strong monthly, quarterly, and biannual market performance. Based on the long-term bull candles, The Coach surmised that the downside potential for Dogecoin has grossly reduced. This means that the likelihood of the Dogecoin price experiencing substantial declines is now much lower, suggesting a more stable and possibly bullish outlook in the near term. So far, analysts have suggested that if Dogecoin can bounce from its current price level of around $0.19, it could easily break the $0.22 threshold and prepare for its next bullish price target. While The Coach is confident of Dogecoin’s bullish outlook, he acknowledged that a few obstacles could hinder this projected price increase. Factors like market volatility could create sudden short-term fluctuations, making sustained price growth challenging for Dogecoin. Additionally, profit-taking from short-term holders could also stall Dogecoin’s momentum. DOGE Unlikely To Hit $1 This Month In another more recent X post, The Coach expressed optimism about Dogecoin’s price movement, highlighting the overall positive market trend for DOGE. However, he disclosed that it was uncertain if the meme coin could reach $1 this month. Related Reading: Analyst Predicts ‘The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here While a $1 price target may seem overly ambitious, The Coach has emphasized that Dogecoin will inevitably reach higher highs. He also noted that if Dogecoin were to hit the $1 mark, it would happen rapidly and without warning, leaving many struggling to comprehend how it occurred. Moreover, the analyst has revealed that with the support of SpaceX and Tesla Chief Executive Officer (CEO), Elon Musk and the newly elected US President, Donald Trump, Dogecoin could see even more bullish price increases, possibly reaching the new price highs around the $0.3 level. As of writing, the price of the meme coin is trading at $0.197, reflecting a 3.66% rise in the last 24 hours and a 24.15% increase over the past week, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The recent Dogecoin price rally appears to be losing steam following an impressive surge that pushed its price above $0.21 for the first time since April to mark a notable seven-month high. This intense week of upward movement has been followed by profit-taking by traders, which has triggered a pullback in the Dogecoin price. At the time of writing, the Dogecoin price has dipped below the $0.20 threshold again, bringing the idea of further price declines. Adding to the concerns, on-chain data reveals a marked decrease in the volume of large transactions among Dogecoin holders. This drop in significant buying activity indicates waning enthusiasm from major investors, suggesting that the meme coin may face increasing pressure to hold onto recent gains. Large DOGE Transaction Volume Crashes: Are Dogecoin Whales Selling? Price action and on-chain data suggest Dogecoin traders are starting to take some profit after a week of intense price rally. Notably, on-chain analytics from IntoTheBlock (ITB) indicate that the volume of large Dogecoin transactions has dropped significantly, with a 36% decline observed in the past 24 hours. Related Reading: Analyst Predicts ‘The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here The shift could signal that major holders of Dogecoin are starting to reduce their exposure to the meme cryptocurrency after capitalizing on recent gains. This interesting trend is revealed through IntoTheBlock’s ‘Large Transactions Volume in USD’ metric, which tracks the collective value of transactions with a value of $100,000 or greater. This ‘Large Transactions Volume in USD’ puts the value of large DOGE transactions at $3.46 billion in the past 24 hours, which represents a 36% decline in the $5.38 billion volume registered on November 6. Interestingly, this change in trend is particularly noteworthy considering the fact that the trading volume had been on an uptrend since November 2. Similarly, the ‘Large Transactions Volume’ metric shows that 17.76 billion DOGE tokens were moved in 2.72 transactions in the past 24 hours. This also represents a 36% reduction in the 27.7 billion tokens moved in 4,150 transactions on November 6. Related Reading: Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go? What Does This Mean For Dogecoin Price? Such a steep decline in both transaction volume and the number of large trades may reflect a shift in market sentiment as whales appear to exercise caution. However, the decrease in large transaction activity doesn’t necessarily indicate a widespread sell-off by big holders. It may simply reflect a pause in significant buying as whales hold back on adding to their positions in anticipation of a pullback. That said, price data suggests some holders are indeed selling. At the time of writing, Dogecoin is trading at $0.1984 and it could soon attempt another push above the $0.20 mark. On the flip side, a breakdown of the momentum could see Dogecoin retesting support at $0.187. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Ali Martinez has predicted that the Dogecoin price could rise to $23 in this market cycle. Interestingly, the analyst alluded to the role that the world’s richest man, Elon Musk, can play in sparking this price rally. Dogecoin Price To Reach $23 This Cycle In an X post, Ali Martinez mentioned that the […]
Andrew Kang, founder and CEO of Mechanism Capital, has shifted his bullish outlook from Dogecoin (DOGE) to First Neiro On Ethereum (NEIRO) following Donald Trump’s landslide victory in the US presidential election. In a series of posts on X on Wednesday, November 6, Kang asserted that NEIRO is poised for exponential growth in the coming months. Better Than Dogecoin? “With a Trump win, NEIRO as the natural successor to Doge is on a path to billions over the next few months,” Kang wrote. He further elaborated, “Hard to think of better coins to hold post a Trump/Elon win than NEIRO. As the natural successor to Doge, its path to a Doge/Shib like run and eventual flippening debates are pre-ordained. Doge is great, but new dogs are even better.” Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought Kang was among the first industry experts to designate Dogecoin as the premier “Trump trade” in the crypto market—a strategy for investors betting on a Trump victory. On October 15, he noted: “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes). Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump.” This perspective gained traction among several crypto analysts who identified Dogecoin as the leading proxy for anticipating a Trump win. The association stems from Elon Musk’s proposal to lead a “Department of Government Efficiency” (D.O.G.E.) under a Trump administration to reduce the bloated US government spending. Since Kang’s initial post on October 15, the Dogecoin price has surged by over 70%, climbing from $0.1158 to above $0.20 at press time. In contrast, NEIRO experienced a significant downturn of approximately 22% during the same period. After reaching its all-time high of $0.002333 on October 15, NEIRO dipped but has recently shown signs of recovery, rising 42% in the last 48 hours to trade at $0.001786. Related Reading: Why Is Dogecoin Going Up Today? Key Drivers Of DOGE’s 10% Surge Kang’s endorsement of NEIRO has sparked a debate within the crypto community. Crypto analyst Crypto Stream (@CryptoStreamHub) questioned the trend of industry leaders promoting meme coins, commenting under Kang’s post: “When did it become normalized for the industry leaders to shill Memecoins, honest question? Raoul Pal started, yesterday I heard Arthur Hayes shill GOAT and now Kang is shilling NEIRO. Not wanna criticize that, I genuinely wonder when we made the pivot.” Another analyst, CryptoGugu (@Silivabrota), expressed skepticism about NEIRO’s potential and warned of an underlying market manipulation: “Guys please stop comparing NEIRO with DOGE. DOGE is the real deal NEIRO looking more like a liquidity grab scheme right now. Since the mm has been replaced chart looking awful. Mm only going up and down chasing liquidity, whales only dumping. Something needs to change asap or NEIRO will continue bleeding.” At press time, NEIRO traded at $0.001786. Featured image created with DALL.E, chart from TradingView.com
The Dogecoin price has experienced a massive pump, rising by a whopping 25% to lead current market gains. This notable increase comes on the heels of the United States Presidential election, where many crypto analysts view a potential Donald Trump win as an incredibly bullish outcome for the Dogecoin price. Moreover, Trump has publicly endorsed […]
Dogecoin and the Shiba Inu price have recorded double-digit rallies in the last 24 hours, up 25% and 10%, respectively. The foremost meme coins have witnessed these massive price rallies thanks to developments in the US election, which present a bullish outlook for them. Why Dogecoin And The Shiba Inu Price Recorded Double-Digit Rallies Dogecoin […]
The Dogecoin price may be on the brink of a parabolic surge, as recent data shows a significant increase in the number of new daily addresses on the Dogecoin network. With the US Presidential election results set to be released soon, meme coins like Dogecoin are seeing a wave of interest from investors, recording price […]
Dogecoin price has rallied since October, and data suggests it's set to go much higher.
Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards. Dogecoin Price Forms Local Bottom In an X post, Trader Tardigrade mentioned that the Dogecoin price has formed a local bottom signal. He explained that whenever the DOGE Moving Average Convergence Divergence (MACD) bearish cross forms, Dogecoin tends to trade sideways for a week before starting another bull run. Related Reading: Shiba Inu’s Shibarium Sees Daily Transactions Surge To 4.68 Million, Will This Push SHIB’s Price Toward $0.00008? With the bearish cross happening now, the DOGE price is gearing up for another leg up, which, based on Trader Tardigrade’s analysis, could happen a week from now. The analyst’s accompanying chart showed that Dogecoin could witness up to a 100% rally as it rises to $0.28 from its current price. The chart also showed how the Dogecoin price has formed local bottoms and then enjoyed another leg up since its bull run began in September. The DOGE price is up over 53% since September, outperforming the top 100 cryptos by market cap during this period. Crypto analyst Master Kenobi, who had rightly predicted the start of the Dogecoin bull run, also recently suggested that the meme coin was ready for the next part of its bull run. In an X post, he stated that it was nice to see the Dogecoin price back above $0.16, seeing as the meme coin has successfully retested previous resistance levels and confirmed them as support. Master Kenobi further mentioned that the next levels to watch out for after the Dogecoin price reaches $0.23 are $0.33 and $0.73, its current all-time high (ATH). Once the meme coin reaches $0.73, the analyst remarked that the DOGE price will “moon,” indicating a parabolic rally. Daily And Weekly Golden Cross Pending For DOGE Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that a daily and weekly golden cross is pending for the Dogecoin price. The analyst noted that this was happening right before a potential Donald Trump victory and Elon Musk’s implementation of the Department of Government Efficiency (D.O.G.E). Related Reading: Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000 A Trump victory could be the catalyst for a Dogecoin price breakout above $0.20, considering that it will pave the way for Musk’s D.O.G.E proposal which continues to impact the meme coin positively. Crypto analyst Ali Martinez also recently analyzed Dogecoin price action and said that the meme coin was the perfect trade right before the US elections. Indeed, the meme coin might be the perfect trade as it has decoupled from other crypto assets and is the top gainer among the top 100 cryptos by market cap ahead of today’s elections. At the time of writing, the Dogecoin price is trading at around $0.165, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is once again standing out from other cryptocurrencies with a strong, independent surge. Its latest rally reflects a trend of detachment from Bitcoin’s price, which typically sets the pace for most other digital assets. Despite Bitcoin’s influence over the broader crypto market, Dogecoin’s recent moves show a departure from this norm, with […]
While the broader crypto market experiences a slight downturn ahead of today’s US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday. Analysts attribute this remarkable performance to speculation surrounding the election and its potential impact on Dogecoin. Why Is Dogecoin Price Going Up Today? Several crypto analysts have identified Dogecoin as the leading “Trump trade” within the crypto market—a proxy for betting on a Donald Trump victory in the presidential election. This association stems from Elon Musk’s proposal about leading a “Department of Government Efficiency” (D.O.G.E.) under a Trump administration to reduce government spending. Russian Market (@runews) suggested that if Trump wins, “Elon Musk will land a role at the White House, potentially making Dogecoin one of the ‘official’ cryptocurrencies.” This speculation is considered one reason why Dogecoin is rallying even as Bitcoin faces a decline. Related Reading: Dogecoin Analyst Reveals Buying Opportunities At Lower Prices – Details Mammon (@D_DTRADING) also highlighted Dogecoin’s strong performance, arguing that Dogecoin might have become a leveraged bet for a Trump win. “Dogecoin showing great relative strength and imo this has to do with Elon’s involvement in supporting Trump. In which Dogecoin might have become the leveraged bet for a Trump win. Trump win > Doge to the moon??” he remarked. Miles Deutscher emphasized Dogecoin’s role as a catalyst in the crypto market: “DOGE pumps (D.O.G.E initiative will propel DOGE + it’s already showing strength as a proxy). DOGE as the meme leader will also drive attention + liquidity rotation to the broader meme narrative. Think of it as the spark that lights the fire.” Former investment bank trader Pablo Heman (@RealPabloHeman) observed that “DOGE is the only green in a sea of red cryptos,” implying a correlation between Dogecoin’s performance and the political developments. He pointed out: “The polls are confusing and contradicting, and actually they are FAKE! But the market does not lie! There is a clear, late surge in DJT the Trump stock, which is now making a Bullish Engulfing Pattern over yesterday’s red bar. […] And also DOGE is the only green in a sea of red cryptos. So just keep in mind Trump = DJT and Elon Musk = DOGE.” Related Reading: Dogecoin Bollinger Bands Squeezes Tighter Than It Was Before 2021 Rally, What This Means Andrea Capellini, founder of Freedom Trading Academy, expressed bullish sentiments on Dogecoin’s potential, suggesting that a Trump and Elon win could send DOGE to $0.47. Capellini’s technical analysis highlights key Fibonacci retracement levels applied from the low at $0.05237 to the recent peak at $0.59546. Notably, Dogecoin’s price is currently testing the resistance zone just beneath the 23.6% level at $0.21544. Breaking through this resistance could pave the way toward Capellini’s target of $0.47. The Relative Strength Index, a momentum oscillator, stands at 62.72, placing it in the upper neutral zone. This reading indicates growing bullish momentum without yet entering overbought territory (above 70). The current RSI level supports a cautiously optimistic outlook for the continuation of the upward trend. Moreover, the weekly chart for Dogecoin exhibits a bullish pattern characterized by a series of higher lows and higher highs—a classic sign of a sustained uptrend. However, DOGE is currently facing a downtrend line that has previously acted as resistance. A decisive breakout above this line is crucial to reach higher price targets, including Capellini’s projection of $0.47. At press time, DOGE traded at $0.16816. Featured image created with DALL.E, chart from TradingView.com
Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors. Dogecoin Whales Set New Accumulation Record Over the past week, Dogecoin whales have been on a significant accumulation trend, buying more DOGE tokens than ever since the beginning of this year, when the positive sentiment surrounding meme coins was high. Data from IntoTheBlock has revealed that many Dogecoin addresses holding large quantities of tokens accumulated over 2.1 billion just last week. Related Reading: Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000 Additionally, Dogecoin whale activity has increased sporadically in the last few weeks. The platform reports that large-scale investors moved approximately 16.24 billion DOGE tokens, valued at $2.76 billion, over the past seven days. In the last 24 hours, these whales transferred another staggering 8.53 billion tokens, worth about $1.29 billion. This recent Dogecoin whale accumulation trend represents one of the most substantial purchases in the past few months. The spike in whale activity also comes as the Dogecoin price is seeing renewed momentum, experiencing price increases despite the broader market volatility. More often than not, whale activity is considered a strong indicator of market sentiment, suggesting that investors are possibly bullish on a particular cryptocurrency. Given the immense influence these so-called whales can have on a cryptocurrency, market experts carefully monitor their trades and movements to gauge the potential impacts on price trends and overall market dynamics. In the case of Dogecoin, data from CoinMarketCap reveals that the price of the meme coin has increased by 6.01% over the past week. This price surge aligns with the recent spike in whale activity. Moreover, with Dogecoin closing October in the green, the potential for continued price increases is still in play. Including its increase in whale activity, DOGE has also experienced a surge in its market capitalization and trading volume. The meme coins trading volume is up by 30.95% while its market cap has climbed to $22.12 billion, securing its position as the 8th largest cryptocurrency. DOGE TD Sequential Flashes Buy Signal While Dogecoin whales are on a significant accumulation spree, crypto analyst Ali Martinez has unveiled a new technical indicator signaling a change in market sentiment. The TD Sequential, a popular tool for identifying trend reversals, is now flashing a strong buy signal for Dogecoin. Related Reading: Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December According to Martinez, the buy signal was seen on the Dogecoin 4-hour chart, suggesting that the meme coin may be poised for further upward movement. In light of this trend, the analyst predicts that if Dogecoin maintains a price above the $0.141 support, the meme coin could rebound to $0.162. It’s important to note that the Dogecoin price is currently trading at $0.15, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Analyst Viaquant has said that the Dogecoin price has formed a ‘perfect market structure.’ This is bullish for the foremost meme coin as the analyst revealed that DOGE looks set to enter into a parabolic phase. What Next For The Dogecoin Price Following ‘Perfect Market Structure’ Viaquant revealed in a TradingView post that the Dogecoin […]
Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial analysis had been invalidated and mentioned what was next for the Shiba Inu competitor with this development. FLOKI Master Plan Invalidated But Might Be A Good Thing Master Kenobi revealed in an X post that the […]
Crypto analyst Trader Tardigrade has highlighted a bullish pattern in which the Dogecoin price formed in previous bull cycles. Based on this, the analyst raised the possibility of the foremost meme coin rising to as high as $10. Dogecoin Price Repeats Falling Wedge Pattern Trader Tardigrade revealed in an X post that the Dogecoin price […]
Following Bitcoin’s recent bullish trajectory, the Dogecoin price has ended October in the green, marking its second-highest monthly returns in October since 2014, according to Cryptorank’s historical data. Now, as November unfolds, investors and market experts are eager to see what the month has in store for the popular meme coin. With market sentiment high […]
Dogecoin has had quite an eventful few days in terms of price action, trading volume, trading activity, and interest among investors. Dogecoin led the entire market in inflows, outperforming even Bitcoin in the past week. This momentum has introduced a compelling shift in Dogecoin’s technical outlook, particularly with the Bollinger Bands on the DOGE/BTC chart. This interesting outlook was highlighted by crypto analyst Tony Severino, who pointed out that the Bollinger Bands have tightened to a degree not seen in years. In fact, Severino notes that the bands are now tighter than they were before Dogecoin’s rally in 2021. Dogecoin Bollinger Bands Squeeze To Tightest Level Bollinger Bands are widely used technical indicators that mark price volatility boundaries. When the bands narrow, it generally signals low volatility. On the other hand, widening bands indicate high volatility. A squeeze, where the bands move closer together, suggests that the asset is trading within a tight range. In the case of Dogecoin, Severino’s observation notes that the DOGE/BTC Bollinger Bands are now closer than they’ve ever been on the monthly timeframe. Related Reading: Ethereum Price Completes 12 Weeks Of Bottom Formation, Analyst Says Don’t Aim Lower Than $4,900 ATH The last the Bollinger bands were at such a squeeze was just before the 2021 rally, which saw the meme coin surge exponentially during the meme coin craze. Going by the history of the Dogecoin-Bitcoin pair, if the outcome plays out like its previous price action, Dogecoin could be on the cusp of a strong rally in the coming months that could even lead to more returns than the 2024 rally. DOGE Breakout From Three-Year Channel As noted earlier, Dogecoin’s rally over the past few days has been impressive. Particularly, Dogecoin went on a 72% rally to peak at $0.176, its highest point in over six months. This upward momentum allowed Dogecoin to break out of a three-year-long channel pattern on the price chart defined by a downward-sloping upper trendline dating back to the 2021 high. This breakout is significant, as it marks Dogecoin’s move beyond a key resistance level that had contained its growth since the 2021 peak. Related Reading: Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen The likelihood of a Dogecoin rally in the upcoming months has increased massively due to this breakout, although there remains a possibility of a retest. According to a crypto analyst on social media platform X, $2 is a potential peak target if the momentum holds. However, it is important to note that several resistance levels lie between the current price and this ambitious target. Two examples of notable resistance levels are the 2024 high of $0.22 and the all-time high of $0.7316. At the time of writing, the Dogecoin price is trading at $0.1585, which means it has reversed by about 10% from $0.176 to retest the channel breakout. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Master Kenobi, who predicted the start of the Dogecoin bull run, has provided an update on what is coming next for the foremost meme coin. The analyst provided two scenarios that could play out for the Dogecoin price from its current level. What Next For The Dogecoin Bull Run Master Kenobi provided an […]
The Dogecoin price now looks like it has established support of around $0.17, having rebounded just below it in the past 24 hours. With the $0.17 price level cleared, the next step is a convincing break above $0.18. Interestingly, technical analysis of the Dogecoin price suggests a strong multi-year resistance level between $0.18 and $0.20. Technical analysis using Elliot waves suggests a break above the resistance levels could open up the path to a peak of $2.4. While this target may seem ambitious, Dogecoin has attracted renewed popularity and recent price gains, which reflect its ability to capture investor interest. This is particularly evident in recent actions by billionaire Elon Musk, who brought Dogecoin into the mainstream conversation. Crypto Analyst Says Dogecoin To $2.4, Elon Musk A Huge Factor Aside from the recent wider increase in crypto prices spearheaded by Bitcoin, it is evident that the current Dogecoin performance has also been bolstered by Elon Musk and his “Department Of Government Efficiency.” Related Reading: End Of The Road For Solana? Analyst Predicts 77% Price Crash To $40 According to an analysis by an analyst that goes by @HovWaves on social media platform X, Dogecoin is prime for a surge to $2.4. As you can imagine, reaching this level would require Dogecoin to attract investment inflows from every corner of investor cohorts. Fortunately, recent events have been drawing increased attention to Dogecoin, one of which is the presidential election campaigns in the United States. Campaigns have seen the introduction of the Department of Government Efficiency by Elon Musk, which is a campaign tactic by Republican candidate Donald Trump to cut $2 trillion in federal spending. Although seemingly unrelated to cryptocurrencies, the term has caught waves among Dogecoin investors, especially as it abbreviates as DOGE, the Dogecoin ticker. Interestingly, Elon Musk has fueled this narrative among Dogecoin investors by recently posting a picture of him alongside the Dogecoin avatar. As HovWaves noted, all the talk surrounding the Department Of Government Efficiency has made DOGE a household name in recent weeks. This surge in interest is reflected in the Dogecoin price, which has increased by 60% since October 1. Dogecoin’s Timeline To Reaching $2.4 According to technical analysis using the Elliot Wave theory, Dogecoin is currently on the third impulse wave, a phase known to be massively bullish. This bullish trend has seen Dogecoin on its way to breaking above a major resistance level, which HovWaves highlighted to be just below $0.18. Related Reading: XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline A successful breakout of the resistance level would open up the stage for Dogecoin to retest its 2024 high of $0.22. A subsequent break above this high would send it towards its all-time high of $0.73 in May 2021. With enough momentum, HovWaves predicted Dogecoin would eventually settle at a price target in the $1.9 to $2.9 confluence area by July 2025. At the time of writing, Dogecoin is trading at $0.1725. A break towards $1.9 and $2.9 would reflect 1,000% and 1,585% gains, respectively. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin and Shiba Inu price have witnessed notable price crashes in the last 24 hours. This development looks to be based on a wave of profit-taking that has followed the recent crypto market rally. Dogecoin And Shiba Inu Price Suffer Significant Crash The Dogecoin and Shiba Inu price are down in the last 24 […]
The Dogecoin price is among the best performers following this recent crypto market rally. Meanwhile, Shiba Inu has closely followed behind and has even flipped Avalanche in the process. This development has led to discussions that the meme coin season might be back. Dogecoin Price And Shiba Inu In The Spotlight The Dogecoin price and […]
Dogecoin (DOGE) has surged over 39% recently, sparking renewed euphoria and optimism among traders and investors. Key metrics from IntoTheBlock reveal that DOGE network activity has spiked multiple times over the past month, a sign of increased engagement that suggests the meme coin could be primed for more gains. As Bitcoin nears its all-time high, the broader crypto market rally is fueling confidence that DOGE may soon challenge its yearly high of $0.228. Related Reading: Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities The surge in network activity highlights the growing momentum behind DOGE, as new and seasoned investors show heightened interest in the coin. With traders increasingly active, sentiment around Dogecoin has taken a bullish turn, leading many to anticipate further upside. As excitement builds and BTC’s performance hints at continued strength across the market, DOGE’s momentum could see it set new local highs in the coming weeks. Dogecoin Activity Supporting Price Action Dogecoin has finally made its move, and many analysts believe this rally is just beginning. Recent data from IntoTheBlock reveals a substantial uptick in daily active addresses on the Dogecoin network, with several notable spikes in activity over the past month. This increase in network engagement is often a bullish indicator, signaling rising demand and optimism among traders. As DOGE now tests a critical supply level around $0.18, bulls are focused on maintaining momentum to break through this barrier and ultimately target the yearly high of $0.228. Analysts suggest that a successful breakout above $0.18 could set the stage for Dogecoin’s next significant rally. However, if bulls face resistance at this level, a retrace to lower demand zones could provide the liquidity needed to fuel the next leg up. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks – Details The heightened network activity is a promising signal for the DOGE community, as it indicates that new interest is backing price action. With Bitcoin leading the market higher, Dogecoin could continue to benefit from the current wave of enthusiasm in crypto, positioning it well to challenge new highs. For now, DOGE remains one of the coins to watch closely as it navigates critical resistance, with traders eager to see if it can ride this wave toward new heights. DOGE Price Action Signals Strength Dogecoin is trading at $0.172, following a robust 39% surge after rebounding from its daily 200 moving average (MA) at $0.127. Holding this key indicator as support has signaled renewed long-term strength, underscoring DOGE’s potential for a continuing uptrend. Price action remains resilient, with DOGE holding firmly above the $0.165 level, suggesting that bulls are in control and could drive higher prices. Despite the strong momentum, a healthy retrace to $0.165—or even a lower demand level at $0.15—would support the bullish structure, allowing DOGE to gather the necessary liquidity for another leg up. Holding these levels would position DOGE to push toward its next major target: yearly highs around $0.228. Related Reading: Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B With bullish sentiment across the crypto market and DOGE showing solid technical indicators, many analysts view these price levels as potential stepping stones for another rally. Traders and investors will closely watch for signs of strength or a pullback as DOGE prepares for its next test. Featured image from Dall-E, chart from TradingView
Meme coins Dogecoin and Shiba Inu are on double-digit gains in the past 24 hours, leaving many holders in gains overnight. Dogecoin, often hailed as the king of meme cryptocurrencies, has led this rally with a 16% increase in 24 hours, quickly breaking through significant resistance levels at $0.15 and $0.16. The rally isn’t limited […]
The Dogecoin price could soon reach the highly coveted $1, a milestone that many low-priced meme coins aspire to achieve. Taking this into consideration, a crypto analyst has unveiled a new technical pattern in the Dogecoin price chart called the ”Descending Megaphone.” The analyst has suggested that if Dogecoin can break out of this distinct pattern, it could set the stage for a significant rally to higher price targets. Dogecoin Price Eyes $1 Breakout Trader Tardigrade, a crypto analyst on X (formerly Twitter) has pointed out that the Dogecoin daily candle has just closed with a breakout into a “Descending Megaphone pattern.” While this unique technical pattern is a sign of increasing volatility especially during a downtrend, a break above the upper boundary of this chat pattern could indicate a potential upward move. Related Reading: Cardano Price Prediction: Analyst Says 80-90% Correction Is Over With 100% Jump Imminent In the case of Dogecoin, if its price can move beyond the upper line of the Descending Megaphone pattern, it could signal the start of a huge rally. For more clarity, a Descending Megaphone is a bullish chart pattern formed by two diverging trend lines, with the upper line representing the resistance and the lower indicating support. The pattern typically looks like a megaphone with a downward tilt. According to Trader Tardigrade, despite entering this unique chart pattern, the Dogecoin price has been showing signs of strength and momentum on the daily chart. Looking at the meme coin’s daily chart, the analyst has set a price target of $0.2, predicting that Dogecoin could rise to this level as part of its price action within the Descending Megaphone pattern. Trader Tardigrade has shared that he is closely observing how the Dogecoin price behaves within this new pattern formation, paying particular attention to any movement towards the upper boundary of the Descending megaphone. Responding to his bullish predictions, a crypto community member remarked that a $1 price target remains a highly anticipated dream for Dogecoin Trader Tardigrade replied, asserting that this ambitious and coveted price target is no longer a dream for Dogecoin. Bitcoin Price Discovery To Influence DOGE Rally Following his price forecast for Dogecoin, another community member suggested that the Dogecoin price may not reach the $1 target set by Trader Tardigrade without Bitcoin undergoing a price discovery. To this, the analyst simply responded “step by step.” Related Reading: Bitcoin Stock To Flow Model Shows Price Is Ready For Next Phase Transition Above $100,000 The Bitcoin price discovery has been a central topic amongst various crypto analysts in the market lately. Notably, a crypto analyst identified as ‘Crypto Feras’ disclosed that if Bitcoin can break through critical price resistance levels, it could potentially revisit the $72,000, ultimately leading to a price discovery and an immense bullish situation. Considering that a Bitcoin bull run often precedes bullish movements for other cryptocurrencies, Trader Tardigrade has affirmed that after a price discovery, the Dogecoin price could enter a major rally. As of writing, the Dogecoin price was trading at $0.164, marking a staggering 13.72% increase in the last 24 hours, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com