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Dogecoin (DOGE) holders have been put on alert by crypto analyst Ali Martinez (@ali_charts), who shared a chart on Monday highlighting a noteworthy technical setup. According to Martinez, the Market Value to Realized Value (MVRV) ratio for DOGE just formed a “death cross” with its own 200-day moving average (MA)—an event that previously correlated with major price declines. Dogecoin MVRV Death Cross Warning Martinez’s chart, sourced from Santiment, plots three key data points: DOGE/USD Price (black line), DOGE’s MVRV Ratio (orange line) and DOGE’s 200-day MVRV Ratio MA (red line). He commented: “DOGE just saw a death cross between the MVRV Ratio and its 200-day MA. The last two times this happened, prices dropped 26% and 44%.” The newly printed “death cross” occurs where the orange MVRV ratio line falls below the red 200-day MA line. Historically, the analyst notes, DOGE’s price experienced two significant corrections after this same crossover: A 26% drop between early September and late October 2023 and a 44% plunge from mid-June to late September 2024. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal Both downturns appear in shaded areas on the chart, labeled accordingly. After each of these drawdowns, Dogecoin’s price eventually rebounded, but only after reaching notably lower price levels. Looking closer at the chart, Dogecoin’s price is shown trading around $0.268. The MVRV ratio (orange line) has climbed near 91%, while the 200-day MVRV Ratio MA (red line) hovers around 78.36%. The MVRV ratio compares Dogecoin’s current market value to its realized value (the aggregated cost basis of DOGE last moved on-chain). An MVRV of 91% indicates that market participants, on average, could be up significantly relative to their purchase price—if the ratio remains above 1. Although the exact interpretation depends on how an analyst applies the MVRV scale, a higher MVRV ratio generally implies increased unrealized gains among holders. Related Reading: Dogecoin Ready For A $2.43 Rally? Elliott Wave Says Yes The 200-day MVRV MA is the simple moving average of the MVRV ratio over the past 200 days. It provides a longer-term baseline to gauge how far Dogecoin’s current MVRV stands above or below its historical trend. A “death cross” in this context appears when the short-term MVRV ratio (orange line) moves beneath the 200-day MVRV ratio MA (red line), often signaling a potential shift in sentiment or impending sell pressure. Notably, the Dogecoin price is showing some weakness over the past couple of weeks. Since the December 8 high at $0.4834, DOGE is constantly writing lower highs and lower lows, a highly bearish chart setup. Martinez shared the below chart and stated: “DOGE remains in a downtrend, forming lower lows and lower highs. A breakout above key resistance is needed to shift momentum!” For this to happen, DOGE would need to break above $0.44. However, DOGE bulls can expect significant resistance at $0.31 (0.382 Fibonacci retracement level), $0.342 (0.5 Fib) and $0.375 (0.618 Fib). At press time, DOGE traded at $0.26. Featured image created with DALL.E, chart from TradingView.com

Dogecoin has faced a couple of turbulent weeks, with its price battling to reclaim crucial resistance levels while managing to hold above key demand zones. Following the early February selloff, the broader meme coin market has been bleeding, underperforming compared to altcoins and Bitcoin. However, Dogecoin has shown resilience, maintaining strength as analysts eye a potential recovery rally. Related Reading: Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week Crypto expert Ali Martinez shared a technical analysis highlighting a critical development for Dogecoin. According to Martinez, DOGE has pulled back to the 0.618 Fibonacci retracement level, often referred to as the “Golden Ratio.” Traders widely regard this level as a key support zone, usually signaling a potential reversal point in price trends. With Dogecoin holding steady at this critical level, optimism is growing that the meme coin could be poised for a rebound. The coming days will be pivotal as bulls attempt to build momentum and reclaim lost ground. Whether Dogecoin can capitalize on this support and push toward recovery levels remains to be seen, but its ability to hold firm amid market volatility is a promising sign for traders and investors alike. All eyes are now on DOGE as the market anticipates its next big move. Dogecoin Could Enter A Recovery Phase Dogecoin is on the verge of a critical breakout, sitting just 5% below key supply levels that could ignite a recovery rally into higher price zones. After enduring months of selling pressure and negative sentiment, optimism is beginning to return to the Dogecoin community. Analysts are now calling for a bullish phase that could reshape the narrative for the meme coin market. Martinez has bolstered this bullish outlook with a technical analysis shared on X, highlighting a significant development for DOGE. He points out that Dogecoin has pulled back to the 0.618 Fibonacci retracement level, often referred to as the “Golden Ratio.” This key technical area is historically known for marking zones where bullish reversals tend to occur. The ability to hold this level is a positive sign that DOGE could be preparing for an aggressive upside move. A Dogecoin rally could be imminent if bulls reclaim the nearest supply level at $0.028 and hold above it. Breaking this resistance could spark renewed interest from both retail and institutional investors, driving momentum for DOGE to challenge higher targets. Related Reading: Avalanche Holds Key Demand Zone – Analyst Sets $30 Target If Momentum Holds With Dogecoin hovering near critical levels, the next few days will likely determine whether it can break free from months of bearish sentiment and begin a new recovery phase. Investors and traders alike are closely watching to see if DOGE can capitalize on this pivotal moment to surge toward higher prices, signaling a potential turning point for the meme coin market. DOGE Testing Crucial Supply: Can Bulls Step Up? Dogecoin is trading at $0.27 after successfully pushing above the daily 200 EMA, a critical level around $0.26. This move marks a positive shift in momentum, as holding above the 200 EMA is crucial for maintaining short-term strength. Bulls are now aiming for a push above the $0.30 level, a significant resistance zone that has kept DOGE suppressed for weeks. If bulls reclaim this level as support, it could ignite a recovery rally, potentially propelling the price into higher ranges. However, the market remains uncertain, and DOGE faces challenges to sustain its upward trajectory. If the price fails to hold the $0.25 mark, it could signal a return to bearish momentum, taking DOGE into lower demand levels. A drop below this zone could expose the price to further declines, erasing the recent gains and fueling negative sentiment. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? For now, traders are closely monitoring the $0.30 resistance level as a potential breakout point. Reclaiming this level would confirm a bullish reversal and attract renewed interest from buyers. The next few days will be critical for Dogecoin as it tests its resilience and attempts to solidify its position above key technical indicators, setting the stage for a potential recovery rally. Featured image from Dall-E, chart from TradingView

Dogecoin is trading at critical supply levels as the broader crypto market begins to show signs of life. Over the past few weeks, DOGE has faced significant volatility and uncertainty, with the price dropping to lower demand zones. This period of turbulence has left analysts divided on its next move. Some predict a bearish continuation, while others anticipate a swift reversal driven by renewed market interest. Related Reading: Cardano Echoes 2020-2021 Pattern – Is A Parabolic Rally On The Horizon? Top analyst Bluntz has weighed in on Dogecoin’s price action, sharing a technical analysis that suggests a potential bullish setup. According to Bluntz, DOGE is forming an Adam & Eve bullish pattern on the 4-hour time frame. This pattern, characterized by a sharp “V” bottom followed by a rounded “U” bottom, is often a precursor to a breakout to higher levels if confirmed. This technical structure has given hope to investors who expect DOGE to recover and potentially lead the meme coin market higher. However, much will depend on whether Dogecoin can hold key levels and gain the momentum needed for a breakout. As the market continues to stir from its recent slumber, DOGE’s price action could provide critical insights into the next trend for the crypto space. Dogecoin Price Hints At Recovery Dogecoin is currently trading at key supply levels, attempting to reclaim critical price points to confirm the start of a recovery rally. Analysts are increasingly optimistic, calling for a potential breakout as the intense fear that gripped the market earlier in February begins to fade. Dogecoin, often considered the leader of the meme coin sector, is in the spotlight, with investors closely watching its next move. Related Reading: Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing? The meme coin market, which has faced significant hate and criticism in recent months due to aggressive selloffs, now sees Dogecoin as a potential driver of a healthier phase. A DOGE recovery could signal renewed optimism and set the tone for other meme coins to follow. Top crypto analyst Bluntz shared an encouraging technical analysis on X, highlighting a bullish setup for Dogecoin. Bluntz stated, “Lots of nice Adam and Eve structures across the board are starting to break out here. Nice on DOGE, as it’s been nearly 2 weeks since the capitulation wick.” This observation refers to a classic bullish pattern, where a sharp “V” bottom is followed by a rounded “U” bottom, often signaling the potential for an upward breakout. Dogecoin’s ability to reclaim critical price levels and hold above them will be pivotal in confirming a sustained recovery rally. Should the bullish momentum continue, DOGE could lead the meme coin sector back into focus, restoring investor confidence in this unique niche of the crypto market. The coming weeks will be crucial in determining whether Dogecoin can establish itself as a market leader once again and drive a broader recovery across the sector. DOGE Testing Crucial Supply Dogecoin is trading at $0.27 after several days of volatility and sideways trading. The price has been ranging between $0.23 and $0.27, reflecting the uncertainty that has gripped the market in recent weeks. However, bulls are beginning to show signs of life, pushing DOGE toward key supply levels and signaling potential momentum for a breakout. If DOGE can reclaim the $0.305 mark in the coming days, it could pave the way for a massive recovery rally. This level is a crucial supply zone, and flipping it into support would provide a strong confirmation of a trend reversal, reigniting bullish sentiment across the meme coin market. On the flip side, if DOGE loses support at the $0.23 level, it risks falling into deeper correction territory. Such a move would likely signal that selling pressure is overwhelming buyer demand, potentially driving the price to test lower demand zones. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? For now, all eyes are on whether Dogecoin can break out of its current range and establish a decisive direction. The coming days will be critical in determining whether DOGE can maintain its upward momentum or face further downside as market participants look for clear signals of recovery or continued consolidation. Featured image from Dall-E, chart from TradingView

In his latest technical breakdown posted on X, analyst Kevin (@Kev_Capital_TA) highlighted a pivotal threshold on Dogecoin’s daily chart. According to Kevin, reclaiming the $0.28 region on a weekly close—and then showing clear follow-through—could set Dogecoin on a path toward retesting its all-time highs. He notes: “Get back above the .28 cents level on Dogecoin on a weekly close and show follow through and my thought process is we attack the highs not too long after that. I have been allocating into a spot long at .25 cents on DOGE in the Patreon via the Trading Portfolio (separate from long term bag). Ready for either outcome. Let’s send this thing higher.” When Will The Dogecoin Correction End? The chart highlights a well-known metric called the Bitcoin Bull Market Support Band, applied here to Dogecoin, which consists of the 20-week Simple Moving Average (SMA) and the 21-week Exponential Moving Average (EMA). Although this indicator was originally developed for Bitcoin, many analysts extend it to altcoins to determine whether the broader trend is bullish or bearish. In Dogecoin’s current setup, this band hovers in the $0.282–$0.286 range. Price dipped below it last week and now facing a key resistance zone between $0.27 and $0.29. Related Reading: Dogecoin Ready For A $2.43 Rally? Elliott Wave Says Yes Beyond the price levels, Kevin also points to two momentum studies. On the daily Relative Strength Index (RSI), the yellow line has crossed above its accompanying moving average, suggesting that bearish pressure may be easing. The RSI hovers near 38, which is above a notable support region around 27. Notably, the yellow RSI line is now back above its pink moving average (MA) line. According to Kevin, this may be an early sign of a shift in sentiment if follow-through buying continues. Another important technical feature is the MACD (Moving Average Convergence Divergence), which is nearing a bullish crossover. The MACD line is approaching the signal line, and if this crossover is confirmed, it could generate positive momentum for Dogecoin. Kevin marks this as a “Pending Daily Bullish MACD Cross,” which, if validated, would add further credence to the bullish outlook. Related Reading: Dogecoin Holding Strong—Analyst Says $4 Rally Could Be Next In the larger scheme, the chart underscores that a firm weekly close above $0.28 is the key catalyst. This level aligns with the Bull Market Support Band, and if reclaimed decisively, could accelerate Dogecoin’s push toward mid-$0.30s or beyond, provided broader market conditions remain conducive. In another post, Kevin explained: “I have been saying it for weeks now while the rest have said its altseason. We are in a major correctional period. These periods happen in markets in case you never noticed. Crypto is very driven off the macro, especially altcoins. We want to hold these levels on Total Market Cap if we want to feel good about this market otherwise the correction can go deeper. In the mean time Chill out. Still billions in liquidity up to $111K on BTC that will be taken eventually.” At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

A new chart shared by BigMike7335 (@Michael_EWpro) via X suggests that Dogecoin could be on the verge of a strong bullish wave targeting $2.43. His analysis relies on Elliott Wave theory, which divides market movements into impulsive drives and corrective phases. According to this view, DOGE’s historic rally from about $0.0020 to its previous peak near $0.68 unfolded in five distinct waves, labeled as Wave 5(A). This run tracked key Fibonacci extension levels, including the 2.618 region around $0.14591 and the 3.618 near $0.68835, confirming a robust impulsive phase. Wave C Could Take Dogecoin To $2.43 Once DOGE reached its high around $0.68, the chart shows a significant multi-month period of consolidation that the analyst interprets as a W–X–Y corrective move, comprising Wave (B). This aligns with Elliott’s concept that once an impulsive five-wave sequence is completed, the market is likely to enter a corrective structure which can form in many shapes, including flats, zigzags, or more complex “double” and “triple” patterns such as the W–X–Y indicated here. Throughout 2022 and well into 2023, Dogecoin’s price stayed in this corrective range, a phase that is also highlighted by the Ichimoku Cloud hovering above and around the price action. Traders often interpret the presence of the Ichimoku Cloud as a sign of sideways or uncertain momentum, which is exactly what a B-wave correction typically represents. Related Reading: Dogecoin Holding Strong—Analyst Says $4 Rally Could Be Next In November 2024, the Dogecoin broke above a descending trend line which capped price since the 2021 all-time high for more than 3.5 years. However, the momentum was lost in the following months. Since December, the chart reveals that Dogecoin has started to compress within a recognizable formation that could be viewed as a triangle or wedge. This shape is often seen in markets as price moves closer to a point of equilibrium before eventually breaking out. The “top TL” (top trendline), which had previously acted as resistance during the decline, is now being watched closely as a potential level for a support/resistance flip. Big Mike noted that DOGE “looks like we are going to retest the top TL for a s/r flip,” implying that a successful hold above this trendline could confirm the end of the (B) wave and the start of the next impulsive phase. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence In Elliott Wave terminology, if a five-wave impulsive move up is labeled (A) and the subsequent correction is labeled (B), then the next impulsive structure is typically labeled (C). In the shared chart, Big Mike projects that this Wave (C) could propel Dogecoin as high as $2.43, a figure that corresponds with another significant Fibonacci reference around $2.36 to $2.43. Traders and analysts often look to Fibonacci retracements and extensions to gauge potential support and resistance levels, and in Elliott Wave analysis, these ratios can help identify the possible end-points of larger waves. The chart also points to $0.15247 as a key level below current trading prices. If DOGE sees a pullback to this area, it could confirm that the retest of the descending trendline is underway. A bounce off this level might signal that Wave (C) is beginning, whereas a break below it could invalidate or postpone the bullish scenario. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Ali (@ali_charts) has published a weekly chart on TradingView that places Dogecoin (DOGE) squarely above a defining ascending channel drawn from early 2014. Although many altcoins have gone through boom‐and‐bust cycles in their histories, the attached chart reveals that DOGE has largely respected this upward‐sloping range for more than a decade. “DOGE is holding strong above the upper boundary of this channel, keeping the path open for a potential rally toward $4!” Martinez claims.  Dogecoin Poised For $4? The channel itself is composed of two primary bold lines—defining the lower and upper ranges of price action—as well as a series of dashed mid‐channel lines. In 2014, Dogecoin lingered below $0.00017. Year later, in March 2020, Dogecoin fell to $0.00134, a level that corresponds to the 0% Fibonacci reference point on the chart. From there, price action began forming a gentle uptrend that has become clearer over time, punctuated by spikes in 2017–2018, a run in mid‐2019, and most notably the massive rally in 2021 when DOGE surged to a historical high of approximately $0.73905. Following a sharp retracement, price briefly consolidated near $0.06654, a zone marked by the 0.618 Fibonacci retracement. DOGE then built enough strength to climb above the 0.786 Fibonacci level around $0.19183, which coincided with the midpoint of the lower ascending channel. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence At present, Dogecoin sits near $0.25, placing it above the channel’s lower boundary but also below the dashed lower trendline that has consistently served as a reference for major breakouts. In April 2024 as well as in December 2024, DOGE was rejected at this trendline near $0.23 and $0.48 respectively. With the current correction, DOGE may have successfully completed a retest of the previous local high near $0.23 and is now ready for the next rise. Notably, periods when DOGE has gravitated around these dashed lines have often preceded large directional moves, both on the way up and on the way down. A break above the lower dashed line which currently sits near $0.50 could potentially trigger Dogecoin’s next major upside move. Overall, the overarching takeaway from Ali’s perspective is that Dogecoin remains structurally intact within this multi‐year trend, reinforcing the idea that future price expansions are possible. Fibonacci analysis featured on the chart shows multiple levels spaced throughout Dogecoin’s history. The 0.618 retracement at around $0.06654 stands out for having captured the lows of the 2022 bear market, while the 0.786 Fibonacci mark near $0.19183 served as a consolidation pivot before the current move higher. Related Reading: Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ Above the 1.0 extension (the 2021 all‐time high around $0.73905) lie key Fibonacci extension targets, namely 1.272 near $4.10, 1.414 around $10.04, and 1.618 near $36.32. These levels provide a technical roadmap for the most optimistic scenarios, though each one becomes progressively more speculative as price would need to shatter multiple psychological and technical barriers to reach them. By reclaiming and holding above the upper boundary of the channel, Dogecoin appears to be staging another potential expansion phase. Chart interpretations suggest that as long as DOGE remains above this threshold, it retains a bullish structure that has reliably channeled rising prices over the past decade. If, however, price were to fall back below $0.0.19, it could slip towards the lower boundary of the channel or possibly even break below it, thus destroying the bullish case for DOGE. At press time, DOGE traded at $0.26791. Featured image created with DALL.E, chart from TradingView.com

The price of Dogecoin has been under significant downward pressure over the past week, and the latest on-chain data suggests that the meme coin might not experience relief any time soon. Dogecoin Price Overview As of this writing, the DOGE token is valued at around $0.246, reflecting a mere 0.5 decline in the past 24 hours. While the meme coin seems to have found formidable support around $0.23, there’s not been enough movement to ensure a comeback and wipe out some of the recent loss. CoinGecko data shows that the largest meme coin has shrunk in value by more than 25% in the last seven days. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? However, price action data shows that Dogecoin’s struggle didn’t begin in the past week, as the meme token has steadily declined since reaching $0.47 in early December. According to data from Santiment, the price of DOGE is down by nearly 50% after notching the local high two months ago. While the general market condition has not been particularly positive, the meme coin sector appears to be enduring the biggest impact of the climate shift. The latest on-chain data suggests that an important class of large investors might have a role in the price downturn, as they are becoming less active in the Dogecoin market. DOGE Large Transactions Witness Severe Decline In a Feb. 8 post on the X platform, the blockchain intelligence firm Santiment revealed that Dogecoin whales have become less active in the market, with their number of transactions dwindling in recent weeks. Specifically, the on-chain analytics firm highlighted the changes in two whale transaction groups: the $100,000 and the $1 million transactions. According to Santiment, the number of DOGE transactions (worth over $100,0000) has drastically reduced, by more than one-third of the volume during the “Trump pump run-up in early November.” On-chain data shows that the weekly $100,000 transactions have fallen from 20,200 to 6,200 — an almost 70% decline — since November 9, 2024. Meanwhile, the weekly $1 million DOGE transactions have plunged by over 75%, going from 3,490 to 850 in the last three months. As Santiment highlighted, these whale transaction metrics may need to pick up again if the Dogecoin price is to recover. In a new post on X, crypto analyst Ali Martinez revealed that whales have accumulated over 100 million DOGE tokens in the past 24 hours. According to the pundit, this latest round of accumulation signals growing interest and confidence amongst large investors. Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold Featured image from iStock, chart from TradingView

Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them.  Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also predicted that the Bitcoin price would hit $150,000, which would also be a new all-time high for the flagship crypto. Related Reading: Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar Based on these price targets, the crypto pundit asserted that market participants aren’t bullish enough. The Dogecoin price, XRP, and Solana reaching these targets undoubtedly provide a bullish outlook for the crypto market, which is currently witnessing a significant crash due to economic uncertainty.  The Dogecoin price has been one of the major caps that has taken the most hit, with a decline of over 25% in the last seven days. Meanwhile, XRP and Solana have declined over 22% and 17% respectively. It is worth mentioning that besides this crypto pundit, some other crypto analysts have also predicted that the Dogecoin price could soon reach the much-anticipated psychological $1 level. One of them is Master Kenobi, who highlighted similarities between the current DOGE price action and that of 2017.  Based on the similarities, the crypto analyst predicted that the Dogecoin price could witness a 6x increase from its current level and rally to as high as $1.25 soon enough. He added that DOGE could peak sometime in mid-April or May.  Crypto analysts have also made bullish cases for XRP and Solana. Crypto analyst Dark Defender predicted that the XRP price could rally to $8 soon enough. The analyst is also confident that XRP can reach $18 in this market cycle.  Meanwhile, crypto analyst Ali Martinez predicted that Solana could reach $350, while Van Eck stated that SOL could reach $500 by year-end.  What Next For These Coins Amid Downtrend In the meantime, crypto analysts have provided insights into what needs to happen for the Dogecoin price, XRP, and Solana to maintain their bullish outlook. In an X post, crypto analyst Kevin Capital stated that in the short term, DOGE needs to get back above $0.28 to see more upside. If that doesn’t happen, he remarked that the foremost meme coin is in danger of retesting the lows and maybe dropping to as low as $0.19.  Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold For XRP, crypto analyst Egrag Crypto stated that the crypto needs to close above the 21 EMA at $2.67. He added that a close above $2.81 is essential for bullish momentum. Crypto analyst CasiTrades also suggested that XRP needs to reclaim $2.90 as a rejection at this level could lead to drop to $1.88 or $1.53.  For Solana, Ali Martinez stated that SOL needs to hold above the support at $196 to maintain the bullish projection of $350 for the crypto. Featured image from Unsplash, chart from Tradingview.com

Dogecoin has faced increased volatility and selling pressure as February kicks off with uncertainty across global markets. The meme coin struggles to break above the $0.25 mark, reflecting broader concerns amid US trade war fears and macroeconomic instability. Investors remain cautious, with many waiting for clear signals before jumping back into the market. However, key on-chain data suggests that big players are taking advantage of current price levels. Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip Top analyst Ali Martinez shared insights revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This trend signals growing confidence and rising demand for Dogecoin despite the ongoing price struggles. Historically, whale accumulation has often preceded strong price movements as large investors position themselves ahead of potential rallies. The coming days will be crucial for DOGE, as it must reclaim key resistance levels to regain bullish momentum. While short-term sentiment remains mixed, growing demand among whales could be a sign that smart money is preparing for the next move. If Dogecoin can hold support and push above $0.25, it may be setting up for a breakout in the weeks ahead. Investors are watching closely to see whether whale accumulation will drive the next leg up for DOGE. Dogecoin Struggles Below Key Levels  Dogecoin is facing challenges as it struggles below key supply levels between $0.29 and $0.25, with the price showing signs of exhaustion. The broader crypto market remains uncertain, with Bitcoin holding relatively strong while altcoins and meme coins continue to bleed. Dogecoin’s price action reflects this instability, as bulls fail to reclaim crucial levels and bears push prices lower. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? Analysts and investors are growing increasingly concerned about the state of the market. Meme coins, which have historically performed well in bull cycles, are underperforming this time around, raising questions about their strength in the coming months. However, one key metric suggests that Dogecoin could be setting up for a strong move. Martinez shared on-chain data on X revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This consistent trend of accumulation signals growing confidence and rising demand for Dogecoin, even as the price remains weak. Historically, similar accumulation periods have preceded major rallies, indicating that big players may be positioning themselves for a breakout. If DOGE can reclaim the $0.25-$0.29 range and turn it into support, the next move higher could be significant. However, failure to hold key levels could lead to further declines. The coming weeks will be crucial in determining whether Dogecoin can recover or if it will remain stuck in a downtrend. DOGE Price Analysis: Key Levels To Watch  Dogecoin is trading at $0.24 after enduring significant selling pressure, dropping over 39% since the start of February. The price action remains bearish, with no signs of immediate recovery as long as DOGE stays below the $0.26 mark. Bulls have lost control, and every attempt to push higher has been met with strong resistance.   Now, the key demand level to hold is around the $0.228 mark, which aligns with the 200-day moving average. This level has historically acted as a crucial support zone, and losing it could trigger further declines toward the $0.20 mark. If DOGE fails to reclaim $0.26 and turn it into support, the downward trend is expected to continue in the coming days. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level On the other hand, a strong bounce from current levels and a push above $0.26 could signal a reversal, opening the door for a retest of the $0.29 supply zone. However, with market uncertainty still weighing on meme coins and altcoins, Dogecoin needs a surge in demand to regain momentum. The next few trading sessions will be crucial in determining whether DOGE can stabilize or if further downside is on the horizon. Featured image from Dall-E, chart from TradingView

A newly released video analysis by crypto commentator asif.eth (@asifeth) makes the case that Dogecoin is currently trading at what he calls a heavily undervalued level. He offered an explanation of why he believes the coin’s ongoing correction may have just concluded—a process he interpreted through an Elliott Wave lens and, more specifically, an ABC corrective pattern. Has Dogecoin Finished Its ABC Correction? In his discussion, the analyst described how Dogecoin had exhibited a pronounced rise, after which he saw “the first A correction and after that we got a B higher high, higher low… and after that we got a C type correction.” He suggested that this final “C wave” might have drawn the token back into a crucial support region, remarking that “this could be ABC and the current correction is playing out with an RSI at oversold territory,” a condition he views as a strong buy signal. Although he acknowledged the possibility of miscounting the waves, he maintained that the structure points to a broad corrective phase that could now be nearing completion. The key price region he identified spans from around $0.24 down to $0.18, an area he repeatedly called a “very, very good” place to accumulate Dogecoin. He referred to it as a “huge supply turn to huge demand zone,” noting that the token had previously flipped this same range between support and resistance several times. Related Reading: Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup While he has confidence in the bullish significance of that zone, he outlined $0.16 as a strict cutoff below which he would exit a Dogecoin position, stating, “If in any case… you break below $0.16, you have to sell that token,” because a drop beneath that level could invalidate the entire bullish setup. His point was that continuing to hold an altcoin below such a critical support might expose traders to deeper losses if negative sentiment suddenly accelerates. He also backed up his argument by pointing to the so-called Fib golden pocket, measured from what he described as Dogecoin’s last major low in August 2024 to the subsequent price high. By overlapping that Fibonacci retracement with the same $0.24–$0.18 demand region, he found consistent evidence that the market views this band as pivotal for Dogecoin’s long-term structure. He described it as “exactly aligning with our top supply zone,” explaining that confluence like this—in combination with an oversold RSI reading—boosts the likelihood of a price rebound. Related Reading: Expert Predicts Dogecoin Price Recovery: Targeting New Heights Between $1.5 And $2 Although the analyst mentioned that Dogecoin’s “hype” factor has waned, he interpreted that lack of mainstream speculation as a positive sign, claiming “no one is selling Dogecoin like hyper aggressively,” which could foster stability in the near term. The sentiment, in his view, might shift sharply once traders realize that the coin has bottomed in its ABC correction, especially if broader market conditions turn more favorable. He concluded by reiterating the importance of watching these levels closely. He sees the $0.24–$0.18 corridor as a prime accumulation zone, views $0.16 as a clear stop-loss level in case the market breaks down, and believes Dogecoin’s price action around these thresholds will confirm whether the ABC correction is truly complete. Recalling his own words, “Dogecoin is looking very, very good and very, very discounted in this whole market,” he urged potential buyers to consider the coin’s risk-to-reward ratio at a time when other traders, anticipating the end of the so-called meme coin era, appear to be overlooking it. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month.  Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the first month of the year. Amid this price crash since the start of this month, historical data also points to a bearish outlook for DOGE throughout this month.  Related Reading: Dogecoin Price Prediction: Can DOGE Touch $1 This Cycle? Analyst Forecasts When You Should Buy And Sell Further data from CryptoRank shows that February is historically a bearish month for Dogecoin. The foremost meme coin has suffered a monthly average loss of 1% in February since it launched in 2013. DOGE has had only four monthly green closes in February over the last twelve years.  However, it is worth mentioning that Dogecoin has only once closed out February with a loss of over 20%, which was in 2014, when its price crashed by over 30%. As such, the meme coin could still witness a relief bounce, which could lessen the severity of the 23% price crash suffered since the start of this month.  Meanwhile, despite the historical data painting a bearish outlook for Dogecoin, crypto analysts have provided a bullish outlook for the meme coin. Crypto analyst Master Kenobi recently highlighted a similarity between DOGE’s current price action and that of the 2017 bull run. Based on the similarities, he predicted that Dogecoin could soon begin the next leg of its bull run, rallying above $1 and reaching a market peak sometime in April.  DOGE Can Still Reach $10 In This Cycle In an X post, crypto analyst Ali Martinez predicted that Dogecoin could still reach $10 in this market cycle. He stated that as long as DOGE holds above $0.19, the setup for a parabolic rally toward $10 remains strong. The analyst added that momentum is building for the foremost meme coin, indicating that it could soon begin the next leg of its bull run.  Crypto analyst Trader Tardigrade predicted that Dogecoin could at least reach $4.5. He stated that DOGE’s Average Directional Index (ADX) signals a potentially massive bull run on the horizon. The ADX measures trend strength by quantifying the degree of directional movement in price. Analyzing the weekly chart, the analyst asserted that a “super strong trend” could happen soon and will reach its peak in the coming weeks as the meme coin reaches $4.5.  Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension At the time of writing, the Dogecoin price is trading at around $0.25, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Dogecoin (DOGE) is gaining momentum as bullish pressure strengthens, positioning the price for a potential move toward the $0.2677 mark. After facing recent turbulence, buyers are stepping in to reclaim control, signaling a possible shift in market sentiment. This renewed push comes as Dogecoin finds stability above key support levels, allowing bulls to build upward pressure and challenge higher resistance zones. The growing optimism surrounding Dogecoin is driven by increasing trading volume and improved market conditions, which could fuel an extended rally. If the price continues to climb and breaks through critical resistance barriers, it may set the stage for further upside, reinforcing the bullish outlook. Analyzing DOGE’s Potential For Continued Bullish Growth Currently, Dogecoin is displaying steady bullish momentum as it gradually moves toward the $0.2677 mark. The price action suggests increasing buyer interest, with bulls attempting to sustain upward pressure after overcoming recent consolidation. If this trend continues, DOGE might build the strength to challenge key resistance levels ahead. Related Reading: Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Despite trading below the 4-hour SMA, DOGE’s price action shows signs of strengthening. With sustained positive movement, the meme coin may gather enough pressure to break through key resistance levels. A successful move above the SMA would confirm a trend shift, opening the door for more upside. Key technical indicators are reinforcing Dogecoin’s steady upward movement, with momentum oscillators signaling increasing strength. The Relative Strength Index (RSI) is approaching the 50% neutral mark, indicating a potential shift in sentiment as buying pressure builds. A move above this level would confirm growing bullish momentum, possibly driving the price higher. Additionally, if the RSI continues its ascent, it implies that Dogecoin is entering a more favorable zone for buyers, reducing the chances of an immediate pullback. When combined with rising trading volume and other indicators, such as a positive MACD crossover, these signals strengthen the case for more growth. Should momentum hold steady, Dogecoin could be on track for a breakout toward key resistance levels, paving the way for a more extended rally. Can Dogecoin Maintain Its Uptrend And Secure A Stronger Rally? If Dogecoin continues its upward momentum, the price could gain traction for a sustained rally. A break above the $0.2677 key resistance level would strengthen the bullish outlook, pushing DOGE toward higher targets such as $0.3066. Related Reading: Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup Furthermore, bulls maintaining their momentum and driving the price above the 4-hour SMA will see DOGE transitioning toward a positive direction. This move may pave the way for further gains, pushing the price to key resistance levels and extending the ongoing uptrend. However, for the uptrend to remain intact, DOGE must hold above critical support zones and maintain steady buying pressure. Should momentum weaken, a period of consolidation or a minor retracement might occur, causing a price drop to support levels such as $0.1800 before another breakout attempt. Featured image from Unsplash, chart from Tradingview.com

The Dogecoin price has recently experienced a notable correction, retracing 34% over the past month to settle at $0.259 as of Tuesday. This marks a substantial decline from its all-time high (ATH) of $0.731, reached in May 2021, putting it currently 64% below that peak.  Despite this downturn, many analysts remain optimistic about the market’s largest memecoin potential for recovery, suggesting that the Dogecoin price could see new highs as the bullish cycle progresses. Dogecoin Price May Reach Next Peak Around April  For instance, crypto analyst Dima Potts took to social media platform X (formerly Twitter) to share his insights on the movements of the Dogecoin price.  Potts indicated that the anticipated pullback has finally occurred and, assuming this pullback stabilizes, the market could be poised to target all-time highs ranging between $1.50 and $2.10.  Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion Nonetheless, Potts emphasized that this Dogecoin price range might act as a significant resistance level for the memecoin, similar to patterns seen in prior market cycles. In a more detailed analysis, Potts noted a historical correlation in the Dogecoin price cycles. He pointed out that the first cycle peaked 1,442 days after its initial high, experiencing a staggering increase of 21,821% from its low point.  The second cycle followed suit, reaching its peak another 1,442 days later, but with an even more dramatic rise of 54,890%. With the cryptocurrency now in its third cycle, Potts speculates that if historical patterns hold true, the Dogecoin price could reach its next peak around the week of April 14th. Analyst Envisions A 154,400% Surge For DOGE Potts is not alone in his bullish outlook. He posited that growing adoption, increasing institutional interest, and ongoing technological improvements could bolster the Dogecoin price performance, potentially allowing it to exceed previous highs.  Related Reading: Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War His analysis suggests that the memecoin could even reach unprecedented levels above $400 per token, translating to a massive surge of 154,400% in the coming months. However, not all analysts share this optimistic perspective. Technical analyst Grumlin has issued a cautionary note, predicting that the Dogecoin price may dip to the $0.02 level in the near term. This would mean a notable 92% crash for the memecoin Despite this short-term bearish outlook, Grumlin believes that a rebound from an ascending support line is likely, which could set the stage for a subsequent upward breakout. Currently, the memecoin is trading at $0.259, with losses of 21% and 27% on the seven-day and fourteen-day time frames, respectively. It remains to be seen which side will break first and how investors will react to each scenario. Featured image from DALL-E, chart from TradingView.com 

Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing.  However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically followed well-defined cycles, and multiple analysts have observed a consistent pattern across the cycles. Notably, Dogecoin is now in its third market cycle, and price dynamics in the current cycle have already shown different repetition signs from the two previous cycles.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes According to crypto analyst ÐOGECAPITAL (@DimaPotts36), Dogecoin’s price history has a striking cycle pattern that repeats approximately every 1,442 days. This pattern of 1,442 days is the average time taken for the Dogecoin price to reach its final peak of each cycle when counting from the bear market low.  The first cycle, which spanned between 2013 and 2018, saw DOGE rally by 21,821% from its cycle low to its peak. Back then, Dogecoin was trading for a minuscule price around $0.00009, but it eventually surged to break above $0.01 for the first time. At that time, Dogecoin was still regarded as little more than a joke coin, with only speculative trading from early investors driving its price action.  The bear market low was recorded at $0.00125, but as the crypto market entered a euphoric bull phase in 2021, Dogecoin became one of the biggest winners of the meme coin craze, as it went on a 54,890% increase from its cycle low. The meme coin craze allowed Dogecoin to gain prominence among retail traders during this period, which eventually pushed its price to the current all-time high of $0.7316. With the third cycle now in motion, crypto analyst ÐOGECAPITAL noted that it might take the same 1,422 days for Dogecoin to reach a new peak. Timeline For New Dogecoin Price Peak Dogecoin’s current market cycle began immediately after its all-time high in 2021, after which the meme coin entered a prolonged bear market. The price low for this cycle was registered sometime in 2022 when Dogecoin corrected to as low as $0.055. Related Reading: Dogecoin Still In Play As Price Gears Up For Another 600% Run Above $2 A repeat of the 1442-day cycle means that Dogecoin will reach its market peak on April 14, 2025. In terms of a price target, the predicted target is around $10, which would translate to an 18,000% increase from the 2022 bear market low. Although this percentage gain is notably smaller than the 54,890% rally seen during Dogecoin’s 2021 cycle, the capital required to create such an increase is significantly higher due to the cryptocurrency’s market cap. At the time of writing, Dogecoin is trading at $0.2669 and is up by 1.1% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin is beginning to regain momentum after a sharp drop in the early hours of January 3, a move that liquidated many traders who had been betting on continued upside. This decline wasn’t just another pullback, as it marked the most significant Dogecoin price drop in six months. As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery gains traction will largely depend on Bitcoin’s next move, as broader market sentiment continues to shape Dogecoin’s trajectory. Dogecoin Completes Second Major Correction, Echoing Past Bull Cycles As noted by crypto analyst Kevin, Dogecoin’s recent drop was its second major pullback this cycle. Furthermore, the recent pullback closely resembles corrections seen in the previous cycle before Dogecoin eventually shot up to reach its all-time high.  Related Reading: Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash The recent drop saw Dogecoin reach a bottom of $0.2237 yesterday after a 32% fall from $0.329 just 24 hours earlier. Interestingly, this drop meant Dogecoin had corrected by about 58% from its $0.49 in December 2024. As pointed out by the analyst, this looks much like a similar playout in early 2021, when Dogecoin retraced by about 56.8% on its upward move. Both instances were the second major pullback in their respective cycles, and if the pattern holds like the first cycle, the latest dip may have set the stage for the next leg higher for Dogecoin to finally break above $1. Will DOGE Rally To $1 Soon? Bitcoin’s Influence Is Key Dogecoin’s road to $1 is still intact, but the timing of the next surge depends on a few factors and breaks above multiple resistance levels. One of the most notable factors is Bitcoin’s dominance in the crypto market. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 As Kevin pointed out, Dogecoin’s ability to resume its uptrend hinges largely on Bitcoin’s performance. The broader crypto market often follows Bitcoin’s lead, and if it maintains bullish momentum, the meme coin could soon follow suit. On the other hand, a fall or continued consolidation of the Bitcoin price could lead to a similar move for Dogecoin, as highlighted by Bitcoin’s break below $93,000 yesterday.  At the time of writing, DOGE is trading at $0.2593 and is starting to push steadily upwards after bouncing off at $0.223. The key area for bulls to reclaim is $0.33, which has acted as strong resistance since January. A break above this level could signal renewed bullish momentum, potentially setting up Dogecoin for a steady climb toward $0.4 and then $0.5. Bitcoin also needs to register a notable break above $100,000. Featured image from Adobe Stock, chart from Tradingview.com

In a dramatic reversal, Dogecoin (DOGE) plunged from around $0.34 as low as $0.20, wiping out nearly 40% of its value before finding tentative stability near $0.25 at press time. However, crypto analyst “Coosh” Alemzadeh (@AlemzadehC) maintains a bullish long-term outlook, sharing a weekly chart of DOGE/USD and remarking, “DOGE: Looking really good here,” despite the recent turmoil. Why Dogecoin Is Still Looking Bullish The unexpected news of new tariffs by the Trump administration on major trading partners like China, Mexico, and Canada on Friday has sent shockwaves across financial markets, including cryptocurrencies. The news has led to a broad sell-off in risk assets, with Dogecoin, known for its high volatility, being particularly affected. The fear of an escalating trade war has dampened investor confidence, pushing many to liquidate their positions in cryptocurrencies. Related Reading: Dogecoin May Face An ‘Ugly’ Drop Before The Weekend, Analyst Warns Following the tariff announcement, Dogecoin saw an immediate and significant drop, within hours of the news breaking. Over the weekend, the crypto market crash extended as part of a larger market reaction, where major altcoins like XRP and Cardano also experienced double-digit percentage losses. The entire crypto market wiped over $2.2 billion in crypto liquidations. Alemzadeh chart, drawn on the weekly timeframe, shows DOGE’s price initially breaking above a descending red trendline in October. That line has acted as a key resistance zone stretching back to previous local highs, and the ensuing retreat has brought the market right below the trendline again. In parallel, Dogecoin is still positioned above its 30-week moving average (30w), which is plotted as a pink-dotted curve and currently sits around the $0.20–$0.22 range. Analysts often regard weekly closes above this average as a sign of underlying strength, suggesting that DOGE may yet hold onto its bullish structure if the market steadies above that threshold. The chart also highlights a series of Fibonacci retracement and extension levels, each offering insight into potential support and resistance. At the forefront is the 0.618 Fibonacci retracement around $0.2667, a critical region that the price now hovers around. This level often draws the attention of traders looking to identify whether the market is in a standard pullback or has begun a deeper correction. Related Reading: Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead? Next up sits the 0.786 retracement near $0.3467. Beyond that, full retracement around $0.4843 marks a more distant objective should DOGE reclaim its bullish momentum. Even loftier extensions, indicated on Alemzadeh’s chart at $1.27 (1.618) and $2.30 (2.0), serve as hypothetical targets if the token achieves a major breakout. An additional element is the Elliott Wave labeling, depicting what appears to be waves “1, 2, 3,” followed by the current dip marked as wave “4” near $0.26. In traditional Elliott Wave theory, wave four commonly retraces into the 0.236–0.618 zone of the previous wave, so the present price action touching the 0.618 Fibonacci point fits well with that pattern. Should DOGE confirm wave four support, the next phase—wave five—could drive the market back above former highs with the main targets being $1.27 and $2.30 if bullish sentiment returns. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day. Notably, this wave of liquidations has led to over $2.22222 billion being wiped from cryptocurrencies in the past 24 hours.  According to Coinglass data, Dogecoin traders have witnessed significant losses, with numbers placing the meme coin among the hardest-hit assets in this liquidation event. Dogecoin Traders Lose Over $82 Million In 24 Hours Data from Coinglass reveals that Dogecoin liquidations have been among the most severe in the market over the past 24 hours, as leveraged positions crumbled under the weight of rapid price swings. A closer look at the data shows that the vast majority of these liquidations stemmed from long positions, with bullish traders suffering losses amounting to $69.32 million. These traders, mostly expecting a rally this week or at least a stable market, were caught off guard as Dogecoin’s price took a sharp turn downward alongside the rest of the market, forcing liquidations and cascading losses.  Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash Interestingly, despite the broader trend leaning toward a price decline, short sellers were not spared from the liquidation frenzy. Data shows that $13.35 million worth of short positions were liquidated, suggesting that brief price spikes occurred during the general downtrend. These momentary surges may have triggered stop losses for some short traders, leading to forced liquidations even as the overall trajectory remained bearish.  Market-Wide Liquidations Top $2.22 Billion Amid High Volatility The cryptocurrency market has kicked off the new week on a bearish note following a period of consolidation throughout the previous week. Bitcoin, which had maintained relative stability, saw a sharp decline as the weekend came to a close, breaking below the $100,000 mark on Sunday and continued to extend the downside move from there. Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Bitcoin’s decline triggered a broader market sell-off, with several major cryptocurrencies following suit. At the time of writing, the global crypto market cap has dropped by approximately 11% over the past 24 hours and is now at $3 trillion, its lowest level since November 15, 2024. As such, the broader cryptocurrency market has experienced a brutal shakeout in the past 24 hours, with liquidations surpassing $2.22 billion.  Bitcoin and Ethereum traders have taken the biggest hits in this liquidation spree. Bitcoin alone has recorded over $406.96 million in liquidated positions, with the majority being long trades of $341.36 million in the past 24 hours. However, Ethereum traders have experienced the heaviest liquidations, with $601 million in positions wiped out. With Dogecoin experiencing $82.67 million in liquidations, the aftermath of this sell-off could set the stage for increased volatility alongside other cryptocurrencies in the short term. At the time of writing, Dogecoin is trading at $0.235, down by 22.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin (DOGE) has enjoyed extra attention from investors, especially since Donald Trump took office and put Elon Musk in charge of D.O.G.E. — an acronym for Department of Government Efficiency. However, this interesting relationship is not particularly reflected in the price of the meme token. In fact, the meme coin market has been reeling from the liquidity-gulping effect of the TRUMP token and other political tokens that followed its launch. According to data from CoinGecko, the meme market cap stands at around $93.5 billion, reflecting an almost 10% decline in the past day. Is A 35% Decline On The Horizon For DOGE? In a recent post on the X platform, prominent crypto analyst Ali Martinez revealed that two of the biggest meme tokens, Dogecoin and Pepe, are showing a high degree of correlation. The crypto pundit noted that the Dogecoin price appears to be mirroring the price of PEPE. Related Reading: Crypto Analyst Predicts XRP Price Could Touch $15 Easily If This Happens It is not unusual for two tokens to follow a similar price trajectory, especially if they fall into the same market category (as seen with Dogecoin and Pepe). While there is no guarantee that the DOGE price is mirroring PEPE’s price, this seeming correlation could provide insight into the future trajectory of the former. According to Martinez, a deep correction could be on the cards for the price of Dogecoin if it is truly following PEPE. This bearish forecast is based on the breach of a key support level around $0.000017 by the Pepe price towards the end of February. The price of PEPE witnessed a sharp decline to around $0.000011 (an over 35% drop) after breaking this crucial support. This support zone lies around the $0.31 mark on the Dogecoin chart and has provided a cushion for the DOGE price multiple times in the past. However, Dogecoin could see its price fall to around the $0.2 mark if a similar price pattern plays out on its four-hour chart. With no major support around this area to cushion this downturn, the DOGE price could potentially suffer an even worse decline. Dogecoin Price Overview As of this writing, the price of DOGE stands at around $0.305, reflecting an over 3% fall in the last 24 hours. This single-day performance emphasizes the meme coin’s struggles in recent weeks, with nearly a 12% decline in the past seven days. Related Reading: Is The Crypto Market ‘Satiated’ For Now? Analysts Say Bitcoin Will Continue Sideways Move After reaching a local high of $0.46 in early December, the price of Dogecoin witnessed a downturn to around $0.26 in less than three weeks. However, the meme token has been moving mostly sideways, hovering around the $0.35 region. Featured image from iStock, chart from TradingView

In a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin as weekend trading approaches. “If bears break this pattern, it’ll get ugly… especially since the weekend is coming,” Tapia warns. Dogecoin Price Crash Incoming? His chart posted via X depicts an ascending wedge formation running into a confluence of resistance between $0.338 and $0.343, as well as a notable support zone in the $0.31 region. The chart highlights higher lows (marked as “LL” on the chart) forming the lower boundary of an ascending wedge. Meanwhile, overhead resistance (a rectangular zone around $0.338–$0.343) has repeatedly capped upward price movements. This wedge appears to be compressing price action—often a setup for a significant breakout or breakdown. A horizontal resistance zone around $0.34 stands out. DOGE’s price has attempted multiple short-term moves above this level but failed to secure a confirmed breakout, suggesting sellers are firmly defending that zone. Related Reading: Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound On the downside, a green box spanning roughly $0.310 marks an area where buying interest has historically picked up. Below that level, the chart references a lower support marker near $0.262, indicating a more substantial potential drop if the wedge pattern breaks down decisively. The analyst specifically points to the upcoming weekend as a wildcard. Historically, lower trading volumes on Saturdays and Sundays can exacerbate volatility. If Dogecoin fails to hold its rising trend line—currently near $0.328–$0.330—and liquidity thins out, the price could swiftly test the lower support around $0.310, or potentially slide toward the $0.262 zone if the selling momentum accelerates. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level While a breakout above $0.343 could invalidate this bearish setup, Tapia’s cautionary note underscores the significance of a potential breakdown from the wedge formation. Weekend price action often diverges from midweek patterns due to reduced participation, meaning a sharp move in either direction could unfold more quickly than usual. DOGE Needs To Hold $0.31 The daily chart supports Tapia’s thesis. There, Dogecoin (DOGE) finds itself under intensifying downward pressure as price action hugs a persistent downtrend line. After hitting a local high in December, DOGE has retreated below key exponential moving averages (EMAs). The 20-day EMA (currently at approximately $0.3457) and the 50-day EMA (near $0.3473) have both curved lower, signaling waning short-term momentum. A glance at the chart reveals that DOGE is now just slightly above the 0.382 Fibonacci retracement level, calculated around $0.313. This Fib zone has acted as the most crucial support since mid-December, but any decisive daily close beneath it could accelerate selling. Traders are keeping a close eye on the 100-day EMA (around $0.3179), which is sandwiched just above this Fib level. If the price fails to defend the area between $0.313 and $0.317, then eyes will turn to the 200-day EMA at roughly $0.2613 as a critical long-term support. If this level breaks to the downside as well, the 0.236 Fib at $0.212 could quickly become a reality. Featured image created with DALL.E, chart from TradingView.com

The crypto market is back up again after a recent decline like clockwork, and prices are starting to push up once more. Interestingly, this renewed momentum has seen Dogecoin open interest flipping from a negative threshold into a positive one. As the meme coin’s price gains traction, traders are once again pouring into derivatives markets, pushing the total open interest above $4 billion. Dogecoin Open Interest Surges With Market Revival According to data from Coinglass, Dogecoin’s total open interest has climbed back above the $4 billion mark, indicating a resurgence in trading activity. This comes after the Dogecoin price rebounded on the $0.31 multi-year support again and started its move upwards again. Related Reading: Dogecoin Open Interest Explodes Ahead Of Donald Trump Inauguration, Traders Bet On $1 Interestingly, data from Coinglass show that the Dogecoin open interest has increased by 3.11% and 2.09% in the past 24 hours and 4 hours, respectively. This shift suggests that traders are once again looking at Dogecoin as a promising asset for leveraged plays, betting on further price movements. The most notable DOGE open interest is on the Gate.io exchange, which has seen an increase of 5.14% in the past 24 hours. This brings its total open interest to $1.64 billion, accounting for 41% of the total rate. Bitget and BingX have also witnessed notable uptrends, with the Dogecoin open interest growing by 6.41% and 6.67%, respectively, in the past 24 hours. Binance, on the other hand, is yet to flip into positive open interest change. The world’s largest crypto exchange is still on a -0.13% open interest rate in the past 24 hours but is also on the verge of a positive rate with a +1.41% increase in the last four hours. Increased Leverage Could Lead To More Price Volatility A rise in open interest means that more traders are opening leveraged positions, which could amplify price swings in either direction. Interestingly, Dogecoin often experiences strong price movements during periods of increase in open interest. This latest increase alone means that there is an increase in market participation in Dogecoin. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? If bullish sentiment continues, this market participation may drive the Dogecoin price further upward within the $0.30 to $0.4 range in the short term. However, it also raises the possibility of more liquidations if Dogecoin were to retest support at $0.31 again. At the time of writing, Dogecoin is trading at $0.3316, marking a 7% gain since bouncing off its multi-week support at $0.31. The next step for the meme coin is breaking above a recently developed daily candlestick resistance at $0.3316, which could then pave the way for further upside momentum if sustained buying pressure continues. Featured image from iStock, chart from Tradingview.com

Dogecoin (DOGE) has been in a short-term downtrend for the past two weeks, shedding over 29% of its value since hitting a local high on January 18. The meme coin has faced consistent selling pressure, mirroring broader market uncertainty. However, this downtrend may be nearing its end as DOGE approaches key demand levels that have historically supported price recoveries. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? Top analyst Scient shared a technical analysis on X, highlighting that Dogecoin is setting up for a massive leg higher. According to Scient, DOGE is currently consolidating above the 1-day support level while also finding strong support at the 1-day 100 EMA. This signals a potential reversal as buying pressure starts to build at these critical levels. If Dogecoin manages to hold this support and push higher, it could signal the start of a fresh rally, with traders eyeing the next key resistance levels. A confirmed breakout from this consolidation phase would likely drive renewed bullish momentum and attract more investors back into the market. Dogecoin Holds Above Key Demand  Dogecoin is trading at a key demand level around $0.32, and the next few days will be crucial in determining its short-term direction. Market sentiment remains volatile, with many analysts calling for a further decline as uncertainty grips the broader crypto market. The downtrend that started on January 18 has put pressure on DOGE, and traders are watching closely to see whether it can hold its current levels or break lower. Despite the bearish sentiment, top analyst Scient shared a technical analysis on X suggesting that Dogecoin may be gearing up for a massive rally. According to Scient, DOGE is currently consolidating above the 1-day support while also finding strong support at the 1-day 100 EMA. These levels have historically been key turning points for Dogecoin, and their ability to hold could indicate that buyers are stepping back in. Scient also pointed out that lower support levels exist, with strong lows at $0.262 coinciding with the 1-day 200 EMA. These zones, according to Scient, present good opportunities for spot accumulation. He remains bullish as long as DOGE holds above these levels, cautioning that a close below the 1-day 200 EMA would be the only truly bearish signal. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst For now, Dogecoin remains at a pivotal point. If it maintains support and breaks higher, a strong rally could follow. However, if the price fails to hold key levels, further downside could be on the horizon. Investors and traders are closely monitoring whether this consolidation phase will turn into the next major uptrend for DOGE. Price Action Details: Critical Levels Dogecoin is currently trading at $0.32 after experiencing days of selling pressure and negative market sentiment. The meme coin has struggled to regain bullish momentum since its sharp decline from the January 18 high of $0.43. Now, DOGE is at a crucial level, and bulls must step in to prevent further downside. For DOGE to stay in a strong position, the price must hold above the $0.30 mark. This psychological level has acted as a key demand zone in the past, and losing it could lead to a sharper correction. If bulls manage to maintain support at this level, the next major challenge will be reclaiming $0.35. A breakout above this resistance could reignite bullish momentum and set the stage for a strong recovery. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? However, failure to defend the $0.30 level could expose Dogecoin to further declines. In this case, the next major demand zone sits around $0.25, representing a 20% drop from current levels. This level also coincides with the 1-day 200 EMA, which has historically acted as strong support. If DOGE drops that low, it will likely trigger increased accumulation, but for now, all eyes remain on its ability to hold above $0.30. Featured image from Dall-E, chart from TradingView

Dogecoin has managed to sustain a relatively positive position towards the end of January despite the intense volatility throughout the month. With January almost over and the Dogecoin price closing the month on a positive note, the next outlook is what lies ahead for the meme coin and whether Dogecoin investors can see a similar price trend in February.  Dogecoin Price Performance In January Dogecoin’s price movement in January was full of intense volatility. The meme coin opened the month trading around the $0.315 price level, having declined in the latter half of December. Interestingly, this opening price proved to be an important support level throughout the month, with Dogecoin repeatedly testing and bouncing off it in response to market fluctuations. Related Reading: Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash In terms of performance, Dogecoin’s price swings in January mirrored the turbulence seen across the crypto market, with significant manipulation playing a role in its trajectory. After starting the month at approximately $0.315, the meme coin trended upwards for the first seven days, in line with Bitcoin’s resurgence above the $100,000 price level. This first upward movement saw the Dogecoin price reach $0.39 on January 7. However, it was short-lived, as the intense volatility mentioned above saw those gains erased within 48 hours. Following a rejection near $0.4, Dogecoin fell by about 19% in two days before eventually bouncing off support at $0.31. Interestingly, Dogecoin would come to retest this level two times within the next five days.  The second retest of this support zone led to a strong 40% rally that pushed DOGE above the $0.40 resistance level again after multiple attempts. This upward momentum peaked with Dogecoin reaching $0.4313 on January 18. However, this price high was met with another rejection, leading to a fresh downtrend. Dogecoin and many other cryptocurrencies witnessed a surge of outflows in capital rotation as many investors FOMOed on Donald Trump’s meme coin, launched on January 17. Despite this huge setback, Dogecoin once again found support at the $0.315 level, reinforcing its importance as a solid price floor. What To Expect In February: Sustaining Momentum Or Facing A Reversal? The euphoria surrounding Donald Trump’s election and meme coin has ended, the market seems to be cooling down, and Dogecoin has begun a gradual recovery above $0.31. As January draws to a close, the interest is on February to see if the memecoin can maintain its current momentum during the month or undergo another volatile movement within a range. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle At the time of writing, DOGE is trading at $0.33, up by about 4.25% from its January open. According to historical price data from CryptoRank, the Dogecoin price has trended downwards in February more often than not. However, February 2024 proved to be a positive month for the meme coin, as it closed the month on a 50% gain from its open. A similar performance would see Dogecoin closing February around $0.5 if it were to close January at its current price.  According to a crypto analyst, current market dynamics suggest DOGE will soon undergo a strong pump above the $0.4 price level. However, the most important thing right now would be for Dogecoin to hold above $0.315 and $0.3. Failure to hold above these levels could erase bullish momentum. Featured image from Unsplash, chart from Tradingview.com

Despite the recent Dogecoin pullback, crypto analyst Javon Marks has provided a bullish outlook for the foremost meme coin. According to m, DOGE’s price is gearing up for a move that could send it above $2.  Dogecoin Gears Up For 600% Run Above $2 In an X post, Javon Marks predicted that Dogecoin could record a 600% price rally and surge above $2. This came as he provided some optimism despite the recent pullback, with DOGE dropping to as low as $0.30. He stated that the price action is “refreshing” because prices still look on track for another great bullish performance.  Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle Marks added that history suggests that another run of 600% or more could happen, sending the Dogecoin price above $2.28. In line with this, he remarked that the next wave can be historical. The analyst had previously alluded to DOGE’s historical performance when he predicted that the meme coin could rally above the 1.618 Fib extension, which is currently at $2.2.  Crypto analyst Trader Tardigrade also recently alluded to Dogecoin’s historical performance when he predicted its price could rally to as high as $20 in this market cycle. The analyst noted that Dogecoin experienced bull rallies after surpassing the previous candle body high in 20217 and 2021, with gains of 3,000% and 8,000%, respectively. Therefore, he remarked that DOGE could reach this $20 target if a similar pattern plays out again.  However, in the short term, the Dogecoin price could still drop to as low as $0.26 before it records any parabolic rally to the upside. This is based on crypto analyst Behdark’s DOGE analysis, in which he explained that the drop to $0.26 is part of the C wave corrective move. Once the price correction is done, the analyst predicted that the meme coin could rebound to $0.50.  DOGE Failed To Touch The Trendline During The Recent Drop Crypto analyst Master Kenobi noted that the Dogecoin price failed to touch a trendline he highlighted on the charts during this latest drop. In line with this, he questioned if it meant that DOGE could still witness more pullbacks or a bullish reversal from its current price level. While he didn’t provide an answer, the analyst alluded to an earlier analysis, in which he predicted that DOGE could record a 3x price increase and reach $1.05 between February and March.  Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers Meanwhile, Dogecoin’s price action might have shifted from bearish to bullish following this recent pullback. In an X post, Trader Tardigrade stated that DOGE’s MACD bullish crossover was approaching on the 4-hour chart. He explained that this signals a short-term momentum shift for DOGE from bearish to bullish.  At the time of writing, Dogecoin is trading at around $0.32, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin (DOGE) has faced intense selling pressure since January 18, when it hit a local high of $0.43, leading to a significant price decline. However, the meme-inspired cryptocurrency has demonstrated resilience, finding strong support at the $0.31 level. This critical demand zone has prevented further downside, fueling optimism among investors and analysts that Dogecoin might be gearing up for a new surge. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst The recent dip has not deterred major players in the market. Top crypto analyst Ali Martinez shared compelling data indicating that whales—large holders of DOGE—have been actively accumulating during the pullback. In the last few days, these whales have purchased a staggering 460 million DOGE, signaling confidence in the asset’s long-term potential. Such accumulation trends often point to underlying strength, suggesting that the current consolidation phase might serve as a launching pad for an upward move. With sentiment starting to shift, market participants are closely monitoring whether Dogecoin can capitalize on this accumulation and build momentum for the next leg higher. Dogecoin Prepares For A Rally Dogecoin finds itself at a critical juncture after successfully holding key demand levels during yesterday’s market-wide selloff, followed by a swift recovery. The resilience shown at these levels has sparked optimism among investors, with many now anticipating a potential shift in trend toward a bullish phase. Analysts are closely watching Dogecoin’s price action as it consolidates within a crucial range. Top analyst Ali Martinez has shared data that bolsters the bullish outlook for Dogecoin. According to Martinez, whales—large holders of DOGE—bought an impressive 460 million DOGE during the recent price dip. This significant accumulation by smart money suggests growing confidence in Dogecoin’s long-term prospects and signals that whales see current prices as an attractive entry point. The broader market sentiment is also starting to shift as analysts expect the crypto market to experience an aggressive surge in the coming weeks, with new highs potentially on the horizon. For Dogecoin, breaking above key supply levels will be essential to confirm a bullish breakout. If DOGE can sustain momentum and push past these barriers, it could lead to a rally that tests and even surpasses its multi-year highs. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? As Dogecoin consolidates and positions itself for a potential upward move, its performance in the next few weeks will likely be pivotal. Holding current demand and reclaiming key levels could pave the way for significant gains, securing its position as one of the market’s top-performing assets. Price Action Details: Key Levels  Dogecoin is currently trading at $0.33 after experiencing a 9% dip into the $0.30 level yesterday. This sharp decline was quickly met with buying pressure, resulting in a recovery that has left bulls with a slight edge in the market. The ability to hold above the $0.30 level suggests strong demand, and traders are now closely monitoring the next key levels for a potential trend reversal. To confirm a bullish shift, DOGE must reclaim the $0.41 resistance level, a crucial barrier that has held back the price in recent attempts to surge higher. A successful breakout above this level in the coming days would likely trigger a massive rally, with the potential to test higher ranges and possibly even multi-year highs. However, the market may require some time to build the necessary momentum. Consolidation within the current range is a possibility as bulls gather strength and attempt to maintain control. Such a phase would provide the foundation needed for the next leg up. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype For now, all eyes remain on Dogecoin’s ability to hold its recent gains and challenge the $0.41 level. A break above this resistance could reinvigorate bullish sentiment and set the stage for a significant upward move. Featured image from Dall-E, chart from TradingView

Dogecoin (DOGE) could be on the cusp of a significant price move that might ignite a powerful short squeeze, according to analyst Ali Martinez (@ali_charts). He pointed out on January 27, via X, that “$766.45 million in short positions will be liquidated if Dogecoin DOGE rebounds to $0.35,” implying that bearish traders stand on precariously thin ice. Massive Dogecoin Short Squeeze Incoming? A look at the up-to-date liquidation heatmap from Coinglass shows hefty short positions clustered between roughly $0.339755 and $0.34368. Coinglass data shows $464.8 million at $0.339755, $534.79 million at $0.34054, $503.97 million at $0.341325, $433.04 million at $0.34211, and $325.29 million at $0.34368, bringing the total to around $2.26 billion in potential forced liquidations. That figure underscores the magnitude of a possible short squeeze should DOGE climb above that tight range. Coinglass describes its heatmap as a way “to predict where liquidation levels are likely to initiate,” and has also underscored that “liquidations play a crucial role in the cryptocurrency market” because they can influence rapid price swings when traders with large leveraged positions are forced to close out. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Coinglass emphasizes the value of understanding “high liquidity areas,” since they can serve as magnet zones where big players, sometimes referred to as whales, seize the opportunity to execute sizable trades. Traders often jump on liquidation clusters at advantageous prices, which then paves the way for sharp reversals. In the case of Dogecoin, that magnet zone is now sitting just below $0.35. Martinez’s analysis of DOGE aligns with the broader technical picture, which suggests the token may be at a make-or-break juncture. Since December 8, when Dogecoin briefly surged to $0.4834, the price action has been defined by a descending trendline. Although DOGE broke above this line on January 15, 2025—indicating a potential bullish shift—broader market volatility on January 26 quickly dragged it back below. The result is a scenario in which the descending line, now around $0.335 to $0.34, stands as a formidable barrier. A successful breach of that zone could be pivotal, especially given the sheer concentration of shorts that Coinglass has identified just above it. Should DOGE rally enough to pierce that level, traders holding short positions may be forced to cover quickly, and that wave of buying pressure can rapidly accelerate an upward move. Related Reading: Think Dogecoin Has Topped Out? Two Factors That Say ‘No Way’ Meanwhile, DOGE remains above the crucial 0.382 Fibonacci retracement near $0.313, a support level that prevented further downside during the latest market sell-off. The next technical support lies deeper on the chart, near $0.212 (0.236 Fibonacci retracement), where traders will be watching closely for any sign of weakening momentum. On the upside, the 0.5 retracement at $0.394 remains a key pivot. A sustained recovery above that threshold might spark greater bullish confidence, with potential resistance emerging again around the 0.476 to 0.592 region if Dogecoin can regain enough force. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Ali Martinez (@ali_charts) has spotlighted a potential trend reversal for Dogecoin, revealing that the popular memecoin has flashed a bullish technical signal on its daily chart. According to Martinez, the TD Sequential indicator has presented a “buy signal,” suggesting a price rebound could be on the horizon. Dogecoin Prints TD9 Buy Signal The shared chart—spanning daily candlesticks of the DOGE/USDT pair—illustrates 10 days of downward price action. Dogecoin has retreated from previous highs near $0.4843 to trade at approximately $0.32, shedding around -35% over the past few days. The most recent candle on the chart is a long black (bearish) bar, reflecting notable selling pressure that pushed prices towards $0.3200. “The TD Sequential presents a buy signal on the Dogecoin daily chart, anticipating a price rebound!” Martinez posted via X. At the core of Martinez’s observation is the TD Sequential, a widely respected technical tool among seasoned traders. Developed by market technician Tom DeMark, the TD Sequential aims to identify price exhaustion points and potential reversals in ongoing trends. It works by counting a series of consecutive candles in one direction. Related Reading: Dogecoin Appears Poised For Explosive 10,000% Gain – Analyst The indicator typically monitors up to nine consecutive bearish or bullish candles. When a count of nine is reached during a persistent downtrend, it often flags a possible bullish turning point—referred to as a “TD9 Buy Signal.” Conversely, nine consecutive higher closes in an uptrend can signal a potential bearish reversal. In more extended setups, the indicator can continue counting to 13, offering further confirmation, but the “9” signal itself often draws the most immediate attention from traders. On this Dogecoin chart, the TD9 number has just appeared, signifying that the daily downtrend might be reaching a point of buyer interest. Following a “9” candle, the sequence restarts at “1,” which can hint at the beginning of a new bullish setup, should the upcoming candles confirm the reversal. Price Levels to Watch The most crucial support zone lies at $0.313, the 0.382 Fibonacci retracement level on the daily chart. Maintaining a daily close above this level could reinforce bullish momentum if buyers respond to the TD9 signal. Any attempt at a rebound will likely confront initial resistance around $0.3400, where the downtrend line is located. A decisive break above this (black) line may validate the anticipated trend reversal. Related Reading: Dogecoin ETFs Will Skyrocket Price To $15, Forecasts Analyst While further out of reach, regaining ground in the $0.4000 region (0.5 Fibonacci level at $0.395) would be a stronger sign that Dogecoin has recovered from its downward spiral. Overall, Dogecoin is at a crucial spot. The TD Sequential’s “buy” setup does not guarantee instant upside, but it does historically serve as a reliable early warning of trend fatigue. If bullish traders capitalize on this signal, Dogecoin could stage a price recovery toward mid-range resistances. In contrast, failure to hold the $0.3100 area might prolong the current downward cycle. Featured image created with DALL.E, chart from TradingView.com

In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak. Dogecoin Is Still Bullish Kevin’s latest post on X highlights Dogecoin’s performance against its 50 and 200-day simple moving averages (SMA). “Dogecoin is still seeing fast expansion on the 50 and 200 simple moving averages after its weekly golden cross occurred,” he noted. This golden cross, a bullish indicator where the 50-day SMA crosses above the 200-day SMA, suggests sustained upward momentum. Related Reading: Dogecoin ETFs Will Skyrocket Price To $15, Forecasts Analyst Further examining the Fibonacci retracement levels, Kevin pointed out that Dogecoin is “above the macro golden pocket at .26 cents and is battling the macro .786.” The ‘golden pocket’—typically located between the 0.618 and 0.65 Fibonacci levels—is often considered a crucial support zone. Kevin argues that maintaining a price above this level is bullish. “If you think this chart is bearish in its current spot then you need some help. Not gonna focus on individual altcoins very much because BTC will determine the next move in the market no matter what your altcoin chart looks like but needed to remind people who are bad mouthing how crazy they look when we’re at the same price we were at in November when the market was rallying hard. Nothing has changed and cycle tops don’t occur when everyone is bearish,” Kevin expounded. Kevin further illustrated the erratic nature of crypto market sentiment, contrasting reactions from November and January. “When Dogecoin was hitting .35 cents in November, everyone was screaming to the hills that they were so bullish. DOGE at .35 cents in January, everyone is screaming that Doge sucks, I should have sold this thing a long time ago. Do you see how market psychology works? Pretty interesting,” he detailed. Bitcoin Needs To Move First Kevin also discussed Bitcoin’s influence on the broader crypto market, emphasizing its role as a leading indicator for altcoins like Dogecoin. He labeled yesterday’s market reaction to the crypto executive order by US President Donald Trump as a non-impactful in the long run. Related Reading: Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH? “BTC time and time again has failed to break the 1.703 FIB at 106.8K. Even though we broke out of this bullish falling channel on the daily time frame, we have failed to see any real money flow come into the asset if anything it has been decreasing over the last 48 hours. The Trump executive order was an obvious buy the rumor, sell the news event like all events are, so to me, that was always a nothing burger,” he elaborated. Despite these challenges, Kevin remains optimistic about Bitcoin’s potential for recovery. “I still think we’re experiencing seasonality in BTC as January’s are always really bad months, especially in the post halving year. I believe the goal should be to demoralize and anger as many investors as possible before starting the next leg higher, which should come within the next 1-3 weeks. Stay tuned!” he predicts. At press time, DOGE traded at $0.35. Featured image created with DALL.E, chart from TradingView.com

Following Bitwise’s and Rex Shares’ recent application for spot Dogecoin ETFs in the United States, crypto analyst Ali Martinez has provided a technical outlook suggesting Dogecoin (DOGE) could ascend to $15. His analysis, detailed in a logarithmic chart spanning from 2017 to 2025, captures a massive ascending channel that highlights the potential upward trajectory for DOGE. Dogecoin Targets $15 Martinez’s chart delineates a long-term ascending channel where Dogecoin’s price action is bounded by a structure consisting of three parallel trendlines. The lowest of these lines has consistently served as a firm support since 2017, aiding the price to stabilize during significant downturns, notably in early 2019 and again in mid-2022. The median line of the channel, which presently hovers around $0.40 to $0.45, has just been tested by DOGE as it recently surged to this level, marking a critical inflection point that was last touched in early 2022. Related Reading: Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH? The upper boundary of the channel, which is the focus of Martinez’s bullish forecast, is projected to climb well above $10, touching as high as $15 by late 2025. This top trendline is not just a theoretical limit but has proven to be the bull run top twice for the Dogecoin price, once in January 2018 and then in May 2021. At the last all-time high in May 2021, Doge even significantly exceeded the channel. Martinez’s prediction highlights the spot Dogecoin ETFs as potential market catalysts. He suggests that the approval and launch of such financial products could channel fresh institutional and retail investment into DOGE, propelling it towards these higher valuations. In trading terms, the current position of DOGE below the median line is pivotal. This price level has historically acted as a springboard for upward movement when sustained buying pressure is present. Should DOGE maintain its footing above this zone, the pathway to higher resistance levels around $1.00, and potentially the channel’s upper echelon near $15, appears technically feasible. Related Reading: Dogecoin Momentum Weakens: RSI Signals Bearish Continuation To $0.3 Notably, the spot Doge ETFs could hit the market as early as April, according to Bloomberg’s ETF specialist Eric Balchunas. Bitwise officially lodged the application to register a Dogecoin ETF on Wednesday. The company submitted its proposal, named the “Bitwise Dogecoin ETF,” to the Delaware Division of Corporations, which is part of the U.S. Department of State. Although such registrations can occasionally be misleading, Balchunas confirmed via X: “Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time).” Registering in Delaware represents an initial step before advancing to a formal ETF submission with the Securities and Exchange Commission (SEC). This registration process sets up the legal structure that would manage the proposed ETF but does not constitute a direct application for SEC approval. This initiative follows an earlier application by investment firms Rex Shares and Osprey Funds, both of which have also filed applications for multiple cryptocurrency ETFs, including one focused on Dogecoin. At press time, DOGE traded at $0.34. Featured image created with DALL.E, chart from TradingView.com

Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level.  Analyst Predicts 500% Surge For The Dogecoin Price In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level. Related Reading: Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH? Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level. Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin.  The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3.  Bullish Fundamentals Also Support A 5x Increase For DOGE The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trump’s administration.  It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coin’s large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musk’s Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight.  At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Dogecoin has emerged as a focal point of conversation, even amid a sudden wave of meme coins linked to Donald Trump’s return to the spotlight. On-chain analysis firm Santiment, which recently shared a sentiment dashboard on X, notes that “the top trending tokens” are all about meme coins following the “historic US inauguration of Donald Trump.” In their latest post, Santiment emphasizes that “TRUMP is being discussed following its controversial listing on Coinbase, and the risks involved in investing during a volatile market,” while there is also “significant interest in airdrops of ‘TRUMP’ tokens, with a notable event securing $1M worth of tokens.” MELANIA, another meme coin tied to the Trump brand, has caused a stir by briefly surpassing a $9 billion valuation, although it has endured “substantial fluctuations amid broader market uncertainty.” Related Reading: Dogecoin Momentum Weakens: RSI Signals Bearish Continuation To $0.3 Meanwhile, Dogecoin’s surge in social media mentions is attributed by Santiment to the newly established US Department of Government Efficiency (DOGE) led by Elon Musk, as the project uses Dogecoin as its avatar. On January 21, the US Government officially launched the Department of Government efficiency (DOGE) website which has the official Dogecoin logo on it. “This initiative has sparked discussion as it intertwines cryptocurrency with government operations, generating buzz on social media. Additionally, discussions around the potential for new meme coins linked to public figures like Trump and Musk contribute to the speculation about Dogecoin’s future performance and relevance in the crypto space,” Santiment writes. Despite the sudden attention on TRUMP and MELANIA, Santiment’s sentiment breakdown underscores mixed feelings for both tokens. Regarding TRUMP, the post states: “The word ‘trump’ is trending due to discussions about the Trump Coin. Its price fluctuations, and the speculative nature of meme coins, users are debating the risks of investing in Trump Coin.” Santiment’s “positive” analysis points to “political influence and executive actions” as reasons for optimism, highlighting that “the anticipation of a crypto executive order from Trump has generated excitement among investors.” Related Reading: Will Dogecoin Skyrocket Soon? Chart Pattern Suggests Yes MELANIA’s sentiment likewise splits along bullish and bearish lines, with the negative view referencing a more than 70% drop from its initial peak price, and the bullish narrative noting “celebrity endorsement” from Donald and Melania Trump as a potential driver of renewed interest. Technical Analysis: DOGE Confirms Breakout At press time, Dogecoin (DOGE) was trading at around $0.367 after rebounding from a descending trendline dating back to early December. The breakout above the diagonal resistance occurred earlier this week, followed by a successful retest of the trendline yesterday, confirming it as new support. Following the retest, DOGE is now contending with the 0.5 Fibonacci retracement level at $0.3943, which marks the next major overhead barrier. A clear break of this resistance could open the door to the higher 0.618 Fib level at $0.4759 and the 0.786 Fib at $0.5920. On the downside, if DOGE fails to break the 0.5 Fib, the 0.382 Fib at $0.3129 may act as the most reliable support. Meanwhile, the Relative Strength Index (RSI) at around 51 remains neutral, reflecting balanced momentum and leaving room for a potential continuation to either side. Featured image created with DALL.E, chart from TradingView.com