The cryptocurrency market is buzzing as President-elect Donald Trump’s inauguration day (January 20) sparks renewed optimism. Among the top performers is Dogecoin, which has taken the lead in driving meme coins into a bullish phase. Over the past five days, Dogecoin has surged by more than 33%, signaling the potential for a massive rally ahead. Related Reading: ‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst Dogecoin’s impressive performance reflects its longstanding position as the meme coin leader, capturing the attention of retail and institutional investors alike. The surge in DOGE’s price has also begun to influence other dog-themed coins, creating a ripple effect across the market. Analyst Jelle shared a technical analysis on X, pointing out that DOGE is paving the way for related coins like FLOKI to follow its upward trajectory. This resurgence comes amid broader speculation about pro-crypto moves under the new administration, adding to the market’s bullish sentiment. With meme coins gaining momentum and Bitcoin reclaiming key levels, Dogecoin’s rise is part of a larger trend suggesting significant growth in the crypto space. As DOGE continues to push higher, the question remains: can it lead meme coins into another historic rally? Dogecoin Expected To Rise Dogecoin (DOGE) is on the verge of a significant breakout as bullish momentum builds around the cryptocurrency. Investors are eyeing a reclaim of key supply levels, which could signal the start of a massive rally. Market optimism grows by anticipation that Donald Trump, who is expected to prioritize crypto policies when he assumes office, could be pivotal in driving interest and investment in digital assets, including DOGE. Expert analyst Jelle recently shared his insights on X, predicting a surge in DOGE’s value. “With Trump almost back in office, the US Doge department will soon be a reality,” Jelle commented, hinting at potential government-level engagement with cryptocurrency policies that could benefit the coin. This perspective has sparked enthusiasm among the DOGE community, leading to increased trading activity and speculation on upcoming price movements. Additionally, Dogecoin’s rally is influencing the broader category of dog-themed coins, with tokens like FLOKI beginning to gain traction. As DOGE leads, FLOKI and similar assets could follow its bullish trend, further amplifying market enthusiasm. Analysts see these coins as part of a larger narrative of crypto resurgence under a more crypto-friendly administration. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? If Dogecoin successfully reclaims critical supply zones, it could pave the way for higher prices in the weeks ahead. Jelle remains confident in the coin’s trajectory, expecting continued upward movement fueled by both technical indicators and macroeconomic developments. As DOGE begins to rise, market participants are watching closely, betting on its potential to drive a broader rally in the cryptocurrency market. Testing Crucial Supply Levels Dogecoin (DOGE) is currently trading at $0.41, a pivotal supply level that holds the key to its next major price move. This level has become a critical battleground for bulls and bears, as reclaiming it as a demand zone could set the stage for a powerful upward rally. Analysts suggest that once DOGE establishes $0.41 as a foundation, the price could surge past last year’s high of $0.48, reigniting bullish momentum. Breaking the $0.48 resistance is expected to open the door to even higher targets, with Dogecoin’s all-time high (ATH) becoming a more achievable goal. Market sentiment remains optimistic, with traders closely monitoring a potential daily close above the $0.50 threshold. Such a move would not only confirm the bullish trend but also signal the beginning of a massive rally that could lead the meme coin market. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Historically, Dogecoin’s price action has created ripple effects across the crypto space, particularly among meme coins. A breakout above $0.50 could drive renewed interest in DOGE and similar assets, reinforcing its position as a leader in the market. As momentum builds, the coming days could mark a turning point for Dogecoin, with investors eyeing a potentially explosive rally. Featured image from Dall-E, chart from TradingView
The unprecedented rise of the Dogecoin price in 2021 has been one of the significant events that cemented its status as more than a meme coin. During the 2021 bull market, Dogecoin embarked on a substantial price rally for over three consecutive months, making history by reaching new ATHs. Now, in the 2025 bull market, Dogecoin faces new challenges and barriers to achieving a new ATH. However, its performance in 2021 suggests that Dogecoin has the potential to pull off a similar bullish rally in 2025. A Look Back At The Historic 2021 Dogecoin Price Rally Dogecoin’s bizarre price rally in 2021 was nothing short of historic. It captured the financial world as it transformed from an internet joke to one of the most talked-about cryptocurrencies. Starting the year at $0.004, Dogecoin skyrocketed to a new all-time high of $0.75 by May 2021. This massive price surge was driven by a plethora of bullish factors, including celebrity endorsements, viral social media posts, Fear of Missing Out (FOMO) among newer retail investors, and more. Related Reading: Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens CryptoRank’s data shows that Dogecoin experienced a strong price rally for four consecutive months, surging massively from January to April before hitting an ATH in May, followed by a sharp decline the next month. In January, Dogecoin witnessed its largest monthly price increase, skyrocketing by more than 711.5%. This exponential growth was recorded roughly seven months after the Bitcoin halving event in 2020. In February 2021, Dogecoin experienced another price rally, though significantly less than the surge in January. The meme coin rose by more than 26.4%, continuing its upward momentum from the previous month. Similarly, Dogecoin‘s price saw another major surge in March, climbing by over 11.1%. April marked the final three-digit surge for Dogecoin during its remarkable bull run in 2021. The meme coin had jumped by an impressive 546.9%, fueled by the excitement of the bull market, growing adoption, and social media hype. Dogecoin’s growth and massive price rally during the 2021 bull run were also attributed to the support of SpaceX and Tesla CEO Elon Musk. At the time, Musk played a significant role in boosting Dogecoin’s popularity, as his tweets about the dog-themed meme coin often triggered sharp price increases and tended to attract broader audiences to DOGE. Can Dogecoin Repeat History In 2025? While past performances do not guarantee future results, they still provide insights into a cryptocurrency’s potential price movements and bullish set-up. In recent months, Dogecoin has seen a significant surge in its price, driven by political events, growing adoption, and whale accumulation. Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers Looking at the historical data from CryptoRank, Dogecoin has the potential to replicate its 2021 bull market performance in 2025. However, achieving this impressive four months of consecutive price gains will require the meme coin to sustain strong market sentiment, increased adoption and continued community support. Fortunately, Dogecoin has a few bullish factors that could drive its price in this bull market. Analysts predict that Donald Trump’s upcoming inauguration as the next United States (US) President, combined with Musk’s establishment of the Department of Government Efficiency (D.O.G.E), could significantly boost Dogecoin’s price to new highs. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin open interest has seen a notable explosion over the last few days amid heightened excitement for the Donald Trump Inauguration Day on January 20. This event has quickly become the most anticipated event in crypto currently, marking the entrance of the very first pro-crypto president into the United States White House. Thus, traders […]
The Dogecoin and Shiba Inu prices are surging today, recording significant gains in the process. This price surge for the foremost meme coins came following a recent development on the macro side, which provided some relief for the crypto market. Why The Dogecoin And Shiba Inu Prices Are Surging CoinMarketCap data shows that the Dogecoin […]
According to Cephii, a crypto analyst on X (formerly Twitter), the current Dogecoin price action mirrors the 2021 election inauguration pattern, signaling a potential price surge to new ATHs on the horizon. Despite declining by more than 10% in one week, the Dogecoin price continues to strengthen amidst bearish conditions. Dogecoin Price To Repeat Election […]
Crypto analyst Javon Marks has provided a bullish outlook for Dogecoin, stating that the foremost meme coin has entered another bull phase. The analyst also predicted how high the foremost meme coin could rally in this bull phase. Dogecoin To Rally Above $20 As It Enters New Bull Cycle In an X post, Javon Marks predicted that Dogecoin could rally above $20, seeing as it looks to be in another bull cycle. The crypto analyst made this ambitious prediction while noting that DOGE has recorded larger runs in every successive cycle. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 As such, Marks asserted that Dogecoin could witness a 60x price increase or more from here and rally above $20 if history repeats itself. His accompanying chart showed that DOGE recorded a 90x and 306x increase in the 2017 and 2021 bull runs, respectively. The chart also showed that DOGE is at the stage where it could form a God candle that would set it up to reach this $20 target. Other crypto analysts like Dima James have also predicted that Dogecoin could reach double digits in this bull cycle. James also alluded to historical trends to explain why the foremost meme coin can reach such heights. Meanwhile, analyst Ali Martinez once predicted that DOGE could reach $23 if it reaches the 2.272 Fibonacci level in this cycle. However, in the short term, the focus will undoubtedly be for Dogecoin to reach its current all-time high (ATH) of $0.73 and then rally to new highs. Crypto analyst Master Kenobi predicted that DOGE could soon rally to its ATH as it eyes a breakout from a symmetrical triangle. The crypto analyst also alluded to Donald Trump’s inauguration on January 20 as a catalyst that could spark this price breakout. Higher Prices Are Expected In an X post, crypto analyst Kevin Capital asserted that higher prices are expected as long as Dogecoin is above $0.26 and trading in a bullish falling channel, which he highlighted in his accompanying chart. The analyst added that the measured move target of this bullish pattern is $1.30 if DOGE breaks out. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers The Dogecoin price had recently crashed alongside the broader crypto market. However, these analyses indicate that there is still more room for the foremost meme coin to rally to the upside. In fact, crypto analyst Trader Tardigrade suggested that a bullish reversal could happen sooner than expected. In an X post, the analyst revealed that Dogecoin is breaking out of a double bottom on the 4-hour chart. The accompanying chart showed that DOGE could first rebound to $0.36 and then possibly reclaim the psychological $0.40 level. At the time of writing, the Dogecoin price is trading at around $0.34, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has maintained its consolidation path into the last 24 hours, with price data reflecting a 14.5% decline in a seven-day timeframe. However, the price decline has done little to dampen the general sentiment surrounding Dogecoin, especially in a long-term timeframe. As part of the lingering optimism surrounding the meme coin, data highlighted by crypto analyst Ali Martinez reveals a strikingly bullish sentiment among Dogecoin enthusiasts on crypto exchange Binance. Majority Of Binance Traders Betting On Dogecoin Price Increase The majority of Dogecoin traders have remained bullish despite Dogecoin’s recent price decline from just below the $0.4 mark since January 7. This bullishness is highlighted by crypto analyst Ali Martinez through trading positions on crypto exchange Binance. At the time, the long/short ratio showed that approximately 81.05% of all traders with open Dogecoin positions on Binance were betting on an upward price movement. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do The bullish stance is further underscored by the Binance DOGEUSD_PERP ratio, which reveals that 90.43% of perpetual contract accounts are in long positions, according to Coinglass data. Perpetual contracts, which lack a fixed expiration or settlement date, reflect trader expectations over an indefinite time period. This imbalance toward long positions suggests that the majority of Dogecoin traders remain confident in the meme coin’s potential for long-term growth, particularly as they look towards another major bull run in 2025. Interestingly, on-chain data shows that Dogecoin whales are also capitalizing on the price decline to accumulate more DOGE tokens. This accumulation trend saw whale addresses holding between 10 million and 100 million DOGE tokens increase their collective holdings by around 470 million tokens within a 48-hour timeframe. DOGE Needs To Hold Above $0.3 At the time of writing, Dogecoin is trading at $0.33 and is on a 3.35% decline in the past 24 hours. This downturn is part of a broader trend of lackluster price performance over the last 30 days, during which Dogecoin has consistently struggled to break above the $0.40 mark. The most recent example was when this price level acted as a significant resistance level during Dogecoin’s brief price surge in the first few days of January 2025. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The focus for Dogecoin traders and investors has now shifted away from breaking the $0.40 resistance level to defending the $0.30 support zone, which has become increasingly important in maintaining a long-term bullish narrative for the meme coin. For bullish momentum to remain intact, Dogecoin must hold firmly above this support level, as a breakdown could signal the start of a deeper correction. A successful hold above the $0.3 mark puts the bullish trajectory still in play, and Dogecoin could easily rebound upwards at any time. However, failure to maintain support at $0.30 could lead to more corrections towards the $0.25 mark. Such a scenario would not only weaken its technical outlook but also dampen the substantial returns even when the overall crypto market begins to recover. Featured image created with Dall.E, chart from Tradingview.com
A new Dogecoin price analysis suggests this top meme coin could rise to a new ATH of $10. A crypto market expert, Dima James Potts, attributes this prediction to the 4-year cycle theory, which illustrates parabolic growth during each major cycle. Dogecoin Price Set Sights On $10 Target On January 11, Potts shared a chart […]
Dogecoin has faced a challenging period amid the recent market selloff, experiencing a sharp 20% decline from its local highs. Despite this setback, the meme coin leader still maintains a bullish structure, holding above a crucial demand zone. Related Reading: Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K Renowned crypto analyst Ali Martinez recently shared compelling on-chain data, revealing that whales have been actively accumulating DOGE during this downturn. In the last 48 hours alone, over 470 million DOGE tokens have been acquired by large holders, suggesting confidence in the asset’s potential recovery and long-term value. This significant accumulation indicates strong institutional and whale interest, even as the broader market remains uncertain. Dogecoin’s resilience at current levels reflects its ability to capture investor attention, especially during volatile periods. With the broader market searching for direction, DOGE’s ability to maintain its bullish structure could pave the way for a substantial rebound. Dogecoin Prepares For A Big Move Dogecoin is demonstrating resilience as it holds firm above the $0.33 mark, despite a notable drop from its recent local highs. This level has become a key demand zone for the meme coin, serving as a foundation for potential recovery and upward momentum. Market analysts and investors are closely monitoring DOGE’s price action, anticipating a continuation of its upward trend, as expectations for a strong rally this year grow. Martinez recently highlighted compelling on-chain data on X, revealing that whales have accumulated over 470 million DOGE within the last 48 hours. This surge in whale activity during a period of price consolidation underscores a growing confidence among large holders in Dogecoin’s long-term prospects. Historically, such accumulation has often been a precursor to significant price movements, as institutional and high-net-worth investors position themselves for the next big move. Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk? The bullish whale activity adds a layer of optimism for Dogecoin, even as the broader market navigates through a period of uncertainty. With smart money actively accumulating, DOGE appears to be in a strategic accumulation phase, setting the stage for a potential breakout. If this trend continues, Dogecoin could attract renewed retail interest and reclaim higher levels, further solidifying its position as one of the most-watched assets in the crypto space. Price Analysis: Key Supply Levels Dogecoin is trading at $0.33, showing resilience as it holds above the critical $0.31 demand level despite recent market volatility. This support zone has provided a solid foundation, but the price continues to face significant resistance in its path to recovery. Every day that DOGE remains below the $0.40 mark increases the risk of a deeper correction, putting pressure on bulls to reclaim higher levels to sustain the bullish structure. For Dogecoin to regain momentum and inspire confidence among investors, the price must break above the $0.40 mark and hold it as support. This level is a key psychological and technical barrier, and reclaiming it would signal strength, encouraging further buying pressure. Beyond $0.40, the $0.43 mark becomes the next critical target. A breakout above this level would pave the way for Dogecoin to enter price discovery mode, potentially reaching new highs. Related Reading: Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge Failure to overcome these resistance levels in the near term could lead to prolonged consolidation or a retest of lower support zones. However, with recent whale activity and strong demand at current levels, Dogecoin has the potential to reverse its downtrend and resume its upward trajectory. The coming days will be crucial as the market watches for a decisive move. Featured image from Dall-E, chart from TradingView
Surprisingly, Dogecoin whales are on a massive buying spree, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid Dogecoin’s bullish recovery in key metrics, as analysts project a significant push to the upside. Dogecoin Whales Buy 470 Million DOGE Popular crypto analyst Ali Martinez revealed on X (formerly Twitter) on January 11 that Dogecoin whales have begun accumulating again. Martinez announced the latest DOGE acquisition by these deep-pocketed investors, highlighting that Whales recently bought over 470 million tokens. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible This substantial DOGE purchase, which occurred in the last 48 hours, is valued at approximately 155 million based on current market prices. Such large-scale whale activity often signals a renewed interest in the cryptocurrency, potentially influencing market sentiment and trends. Martinez shared a chart presenting data related to Dogecoin, focusing on the behavior of whales holding assets spanning from 10 million to 100 million DOGE. The shaded area on the chart highlights the cumulative holdings of these wallets owning millions of DOGE. Around late December 2024, Dogecoin whale holdings were relatively stable but began increasing significantly in early January 2025. CEO, a crypto analyst on X, commented on this surging accumulation trend, highlighting that whales have purchased over 1 billion Dogecoin in the last seven days. Martinez’s chart also shows that large amounts of Dogecoin were purchased between $0.314 and $0.355. These prices highlight areas where Dogecoin experienced notable volatility and a slight pullback, presenting a buying opportunity for investors. Dogecoin previously surged to new highs above $0.4 in 2024. However, a steep correction pushed its price back towards the $0.3 mark. Interestingly, the 470 million Dogecoin purchased by whales comes as the cryptocurrency experiences a steady bullish recovery in significant metrics. Crypto analyst Javon Marks disclosed that Dogecoin is forming a new Descending Wedge pattern. Additionally, a market expert on X, identified as ‘Rose Premium Signals,’ has revealed that Dogecoin’s macro charts are signaling a strong bullish structure as it accumulates near key support zones and aligns with long-term Fibonacci levels. DOGE Forms New Descending Wedge Pattern As mentioned earlier, Dogecoin is currently forming a new Descending Wedge pattern, signaling another potential price breakout. Marks stated in his X post that the popular meme coin is well positioned to continue another substantial bullish trend once it breaks out of this Descending Wedge pattern. Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch A Descending Wedge, also known as a Falling Wedge, is a technical chart pattern that indicates the potential for a price reversal or continuation. It is a bullish pattern that typically occurs during a downtrend, with its completion marked by a breakout above the upper trendline. Marks predicts that if Dogecoin breaks above the Descending Wedge pattern, it could hit a new ATH soon, reflecting a potential 120% increase. The analyst has revealed that this massive price gain could happen anytime soon, pushing Dogecoin from its current market price of $$0.33 to a new bullish target of $0.739. Featured image created with Dall.E, chart from Tradingview.com
After the recent market-wide selloff, Dogecoin has faced significant pressure, experiencing a 20% decline from its local highs. Despite the drop, the popular meme coin still holds a bullish structure, keeping investors optimistic about its potential for recovery. However, the current levels are critical, as Dogecoin is testing key demand zones that could determine its next move. Related Reading: Key Metrics Reveal Bitcoin STH Support Levels Around $89K–$86K – Is BTC At Risk? Top analyst and trader BigCheds recently shared a technical analysis on X, highlighting that DOGE is testing crucial demand at $0.31 on the daily time frame. This level has historically acted as a strong support zone, and holding above it could set the stage for a bounce and continuation of its bullish trend. Conversely, a failure to maintain this level might open the door to further downside. Market sentiment remains cautious following the broader crypto market’s decline, but DOGE’s ability to hold current levels could restore investor confidence. All eyes are now on whether the meme coin can defend this key support and potentially pave the way for a new rally or if additional selling pressure will lead to a deeper correction. Dogecoin Holds Pivotal Support as 2025 Begins The start of 2025 has taken a different tone for Dogecoin compared to the explosive end of 2024. Beginning in early November, DOGE experienced a massive price surge, gaining over 230% in less than three weeks. This meteoric rise saw the meme coin reach significant levels, reigniting interest and optimism among investors. However, since finding a local high, Dogecoin has entered a consolidation phase, testing critical levels of support. Currently, Dogecoin is trading around $0.31, a key daily demand level identified by top analyst BigCheds. In his recent technical analysis, BigCheds emphasizes the importance of this support zone, as it could determine the next major move for the cryptocurrency. If DOGE manages to hold above $0.31, it sets the stage for a potential breakout into higher prices, reigniting the bullish momentum seen in late 2024. This consolidation phase is being closely monitored by traders and investors, as Dogecoin’s ability to maintain its bullish structure depends on this level. A clean bounce from the $0.31 demand could trigger renewed buying pressure, propelling DOGE toward new highs. Conversely, losing this critical support might signal a deeper correction, testing lower levels before any recovery. Related Reading: Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge As the broader market also finds its footing, Dogecoin’s performance at this pivotal level will likely influence its trajectory for the coming weeks. A successful defense of $0.31 could mark the beginning of another significant rally, solidifying DOGE’s position as a top contender in the cryptocurrency space. DOGE Eyes A Breakout Dogecoin is currently trading at $0.33, showing resilience after holding above the critical $0.31 demand level. This support has provided a foundation for DOGE to stabilize following the recent market selloff. However, the cryptocurrency remains at risk as long as it continues to trade below the $0.40 mark, a level that could reignite bullish momentum. For bulls to regain control, the price must reclaim $0.40 decisively. This would signal a shift in sentiment and provide the momentum needed to challenge the $0.43 mark. Breaking above $0.43 is a crucial milestone for Dogecoin, as it would likely trigger a significant rally into price discovery, attracting renewed interest from investors and traders. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point Conversely, failing to reclaim $0.40 in the near term keeps DOGE vulnerable to further downside. Prolonged trading below this level increases the risk of a deeper correction, potentially testing lower levels of demand. The next few days will be pivotal for Dogecoin’s trajectory, as the broader market sentiment and DOGE’s ability to reclaim key levels will determine its direction. If bulls succeed in pushing above $0.43, the meme coin could quickly gain momentum, solidifying its place as a market leader in this cycle. Featured image from Dall-E, chart from TradingView
Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself trading just above the $0.3 mark. Particularly, Dogecoin has retraced by about 30% since it reached a recent multi-year peak of $0.48 in early December, and bullish traders are now patiently waiting for the next leg up. According to technical analysis, Dogecoin’s recent confluence at the $0.3 price level presents an attractive opportunity to load up more of the cryptocurrency before an upward bounce from here. Dogecoin’s $0.3 Support Zone Holds Key Significance The $0.3 price level has emerged as a critical support zone for the meme coin moving forward, with multiple analyses referencing this price point. According to a technical analysis of Dogecoin’s daily candlestick price action on the TradingView platform, this level aligns with historical support zones that have previously served as reliable demand areas during market downturns. The technical appeal of this zone is more notable due to its correlation with broader market sentiment, as the Bitcoin price is currently hovering near its own significant support level. Related Reading: What To Expect After The Bitcoin Price Crash Below $100,000 With this in mind, Dogecoin’s retracement to $0.3 could not only serve as a potential bottom for the current correction but also as a launching pad for the next bullish wave, provided Bitcoin and other market conditions align favorably. Furthermore, it provides traders the opportunity to load up more Dogecoin tokens at a 30% discount and position themselves for maximum gains before the wider crypto market recovers and resumes its upward momentum. Is A Broader Market Recovery On The Horizon? As one of the largest cryptocurrencies, Dogecoin is easily influenced by market dynamics, including things like news updates and Bitcoin’s price action. Particularly, Dogecoin’s upward momentum in the last quarter of 2024 had no reason to be derailed if not for Bitcoin’s failure to hold above the psychological $100,000 price level. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Unsurprisingly, on-chain data shows some Dogecoin whale addresses might already be capitalizing on this discount in anticipation of this market-wide recovery. Whale transactions involving Dogecoin recently surged by over 400%. Furthermore, on-chain data from IntoTheBlock shows that Dogecoin’s large transaction volume recently rose to over $60.9 billion in a 24-hour timeframe. At the time of writing, Dogecoin is trading at $0.3328 and is down by about 1.4% in the past 24 hours. The $0.3 price level remains a pertinent range to keep an eye on, as a successful defense of this level paired with strengthening BTC prices could lay the groundwork for a renewed Dogecoin rally. A prudent approach would be to set stop losses below this level in case of a deeper correction, which could invalidate short-term bullish momentum. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst ProjectSyndicate has revealed his Dogecoin price prediction, suggesting that DOGE can reach the much-anticipated $1 price level in this cycle. The analyst also recommended when market participants should consider buying and selling the foremost meme coin. Dogecoin Price Prediction Shows DOGE Can Hit $1 This Cycle In a TradingView post, Project Syndicate made […]
Dogecoin (DOGE), the world’s first and largest meme coin, has seen a notable uptick in activity over the past few days. According to recent market data, Dogecoin’s large transaction volume has skyrocketed by over 41%, while daily active addresses have increased by more than 35%. These developments, which indicate a surge in interest among large-scale token holders, could act as a catalyst to push the Dogecoin price towards the coveted $1 mark. Increase In Dogecoin Transaction Volume And Daily Addresses In the crypto market, large-scale transactions involving significant amounts of a specific cryptocurrency are often associated with entities known as ‘whales,’ who execute strategic moves that have the potential to influence market trends. Recently, IntoTheBlock revealed that Dogecoin has recorded a massive increase in its large transaction volume, skyrocketing by an impressive 41.12% to reach $23.35 billion. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade This significant increase in Dogecoin’s large transaction volume suggests heightened engagement and activity among deep-pocketed players. Moreover, the sharp surge could indicate growing interest from institutional investors or whales who see potential in the meme coin’s future trajectory. According to ITB’s data, there has also been a notable spike in Dogecoin’s daily active addresses, recording a 34.91% increase that points to broader adoption and an increase in the meme coin’s network activity. As a blockchain metric, daily active addresses measure the number of unique wallet addresses involved in transactions of a particular cryptocurrency within 24 hours. A surge in the daily active address of a cryptocurrency like Dogecoin often suggests that more users engage with the network, whether for investing, trading, or transactions. Despite this strong metric activity, Dogecoin’s price has fallen by more than 2.2% in the past 24 hours, dropping to $0.33. Nevertheless, ITB reports that Dogecoin remains “mostly bullish,” a sentiment that contrasts with ongoing market volatility and price fluctuations. Interestingly, this bullish optimism could signal that the surge in Dogecoin’s on-chain metrics, both large transaction volume and daily active addresses, could be a potential catalyst for a price rebound. Can This Propel DOGE To $1? Although Dogecoin has faced regular backlash over its speculative nature, its ability to maintain relevance and growth in the crypto market cannot be overlooked. The increase in Dogecoin’s large transaction volume and daily active addresses could be an early indicator of a broader trend shift, potentially signaling the meme coin’s next upward rally. Related Reading: Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000 While IntoTheBlock has tagged these surges in Dogecoin’s on-chain metrics as “bullish,” breaking past $1 will likely require more external catalysts and a change in current market conditions. For Instance, crypto analyst Trader Tardigrade has predicted that Dogecoin could rise to the $1 benchmark very soon. However, the meme coin’s recent pullback could act as a bullish springboard, as the analyst has stated that a retracement often precedes a massive price rally. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has gained more than 29,000 new wallets since January 1, according to on-chain analysis firm Santiment. The firm shared its findings earlier today (January 10) via X, alongside data showing how other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA) and Chainlink (LINK), have fared in terms of new wallet growth. Dogecoin Hodlers On The Rise “As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year,” Santiment writes via X, adding: “If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).” Related Reading: Dogecoin Hits A ‘Blood In The Streets’ Moment: Buy Or Sell Now? Santiment’s chart indicates that both Ethereum and XRP have seen significant holder gains at the onset of 2025. The firm observed a +645K jump in Ethereum wallets, while XRP recorded +58K. Meanwhile, Bitcoin maintained a +102K bump, and Cardano notched a more modest +2.8K climb. Notably, Chainlink holder numbers have dropped by 3.3K in the same time frame. “XRP’s and Ethereum’s wallets keep growing in number, Chainlink’s are dropping, Cardano’s are finally showing positive turn-around,” the on-chain analytics firm noted. Trend line annotations show that XRP holders have grown by 1.0% since the start of 2025, Ethereum holders by 0.5%, and Cardano by 0.1%. In contrast, Chainlink has dipped by 0.5%. While the chart doesn’t show a specific number for Dogecoin, there’s a clear and strong uptrend. However, Santiment’s in-depth analysis points out a notable decrease in overall trading volumes across the crypto landscape since mid-December 2024. Meme coins like Dogecoin, in particular, have been impacted, seeing a drastic reduction in speculative-driven trades. “Despite several bullish developments, overall trading volumes across the cryptocurrency market have been declining since mid-December 2024,” Santiment explains. The firm reports that daily trading volume for the top 10 cryptocurrencies has dropped by an average of 13% over the past two weeks, with Ethereum experiencing the steepest decline at 17%. Exchanges such as Binance and Coinbase show spot trading volumes down by 15% and 12%, respectively, which analysts attribute to seasonal factors, diminished whale activity and uncertainties regarding impending regulatory changes. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend – Details Another key metric highlighted by Santiment is MVRV (Mean Value to Realized Value), which tracks average trader returns. Currently, the 30-day returns for most active wallets across top assets are in negative territory, suggesting potential opportunities for contrarian buyers. As reported yesterday, Dogecoin’s MVRV is at -8.89%, display a “blood in the streets” moment. “Among top caps and the vast majority of altcoins, average traders active over the past 30 days are down in their portfolios by a fairly sizeable margin… This means that adding on to your position or opening a new position are mathematically less risky than usual,” Santiment noted. Looking forward, Santiment emphasizes a multifaceted market environment influenced by regulatory changes, institutional strategies and varying degrees of risk appetite. The firm calls attention to pro-crypto sentiment in the incoming Trump administration, tighter regulations in global markets and the evolving role of large-scale investors (“whales”) in shaping price dynamics. “We recommend watching closely to see how whale behavior transpires, and how much ‘blood is in the street,’” Santiment stated. “Cryptocurrency is a zero-sum game, even if it often feels as though the mostly bullish community are all making and losing money together.” DOGE’s Technical Picture From a technical perspective, Dogecoin has mirrored Bitcoin’s recent trajectory, experiencing a dip below crucial Fibonacci levels on the 4-hour chart. DOGE slipped beneath the $0.373 mark (0.5 Fibonacci level), considered a major support in lower time frames, and then tested the $0.346 threshold (0.382 Fib). Price action ultimately found temporary relief at the 0.236 Fib line near $0.314, where DOGE bounced, again tracking Bitcoin’s rebound. Reclaiming the 0.382 Fib (approximately $0.346) is critical to regaining bullish momentum; a failure to do so might open the door to further declines toward $0.26—last seen on December 20, 2024. Featured image created with DALL.E, chart from TradingView.com
Dogecoin, one of the most popular cryptocurrencies and the first meme coin, has experienced a crash in social sentiment and market cap in recent weeks. According to a new report by crypto analytics firm Santiment, the public’s attention on DOGE is dwindling, driven by its 26% drop in value since its price high one month […]
The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again. However, technical analysis […]
Dogecoin (DOGE) has again found itself in the crosshairs of market watchers, with a “blood in the streets” moment emerging according to data from on-chain analytics firm Santiment. The firm’s latest research, shared on January 8 via X, highlights a series of negative MVRV (Market Value to Realized Value) ratios across the crypto landscape—encompassing Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Dogecoin. “Average trading returns are a great representation of whether ‘buying low’ or ‘selling high’ is actually the right timing,” Santiment stated, stressing that current on-chain metrics point toward an environment where many crypto assets are sitting in oversold territory. “When MVRV’s are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these ‘blood in the streets’ moments are when professional traders make money,” Samtiment writes. The data Santiment published includes the 30-day MVRV ratios for four major assets as of January 8. Bitcoin’s MVRV ratio is at -3.73%, Ethereum’s at -7.71%, Cardano’s at -6.69% and Dogecoin’s at -8.89%. In simple terms, MVRV compares the total market capitalization of a cryptocurrency (its “Market Value”) with the total cost basis of holders (its “Realized Value”). A negative MVRV often indicates that the average holder is currently underwater on their position. Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash For Dogecoin, the -8.89% MVRV ratio suggests that—on average—investors who acquired DOGE in the last 30 days are sitting on notable unrealized losses. This contrasts with BTC’s less pronounced -3.73%, indicating that Dogecoin’s short-term holders are, on average, deeper in the red relative to Bitcoin’s. Ethereum (-7.71%) and Cardano (-6.69%) also face negative territory, but their holders are faring slightly better than Dogecoin over the past month. Because DOGE’s MVRV is the most negative among the four mentioned, there is potential for a stronger recovery bounce if market conditions stabilize. However, it also underscores higher risk if broader crypto sentiment remains fragile. As Santiment noted, traders often scan for negative MVRV as a potential opportunity to “buy low,” but this is by no means a guarantee of immediate upside. Buy Or Sell Dogecoin Now? Santiment’s analysis further emphasizes how macroeconomic forces have accelerated the crypto market’s recent sell-off. On Tuesday, January 7, US bond yields surged following unexpectedly robust economic indicators, with the 10-year Treasury rising to 4.67%. Much of the market anxiety focused on the higher-than-expected ISM Prices Paid Index, a metric that can herald inflation, as well as a surprise uptick in the JOLTS job openings data. With signs of labor market tightness and possible inflation pressures, investors pivoted to risk-off strategies, hitting crypto assets across the board. Related Reading: Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally? “Crypto markets sink further, indicating short to midterm buy zones for most assets,” reads Santiment’s published chart. In this vein, Dogecoin’s current downturn lines up with the broader market narrative. If yields and inflation concerns continue to dominate headlines, we can anticipate more cautious capital flows into risk assets. Conversely, any signal of cooling inflation or a less restrictive Federal Reserve stance might catalyze a rally—one that could be amplified by negative MVRV ratios across the board. Nevertheless, the contrasting signals make for a tricky trading environment. On one hand, Santiment’s metrics point to advantageous historical conditions for those looking to accumulate, notably for DOGE at -8.89% MVRV. On the other, uncertain macro data—ranging from Treasury yields to inflation prints—could hamper any near-term recovery. For now, Santiment’s outlook is measured: “Do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don’t get in the way.” At press time, DOGE traded at $0.33. Featured image created with DALL.E, chart from TradingView.com
Dogecoin faced a wave of selling pressure yesterday, marking a sharp 14% drop from the $0.39 level. This decline has sparked caution among investors, yet Dogecoin remains resilient, holding at a critical demand level. This zone could prove pivotal for the meme coin’s trajectory, as maintaining this support may lay the foundation for a fresh rally to new highs. Related Reading: Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target Top analyst CROW recently shared a technical analysis on X, highlighting Dogecoin’s potential to break above its multi-year trendline. According to CROW, such a breakout would be a game-changer, positioning Dogecoin for an aggressive rally. He suggests that $1 is only the first target in a series of upward movements that could redefine the market’s view of DOGE. The coming days will be crucial as Dogecoin battles between sustaining its current demand zone and the possibility of deeper corrections. With market sentiment split and broader crypto uncertainty, all eyes are on Dogecoin to see if it can capitalize on its strong demand and push through to reclaim its bullish narrative. Investors remain optimistic, awaiting confirmation of DOGE’s next big move in the ever-volatile cryptocurrency market. Dogecoin Prepares For A Breakout Dogecoin is holding strong at $0.34, a critical level that previously acted as supply but has now flipped into a robust demand zone. This price action highlights a significant shift in DOGE’s market dynamics, sparking optimism among investors. As the meme coin leader continues to set higher highs, the next target lies within higher supply zones, which could pave the way for further bullish momentum. Top analyst CROW recently shared a compelling technical analysis, emphasizing the monumental potential of Dogecoin. According to CROW, $1 is merely the first major milestone for DOGE as it emerges from the multi-year downtrend that began in 2021. Breaking free from this long-term bearish structure would not only solidify Dogecoin’s position as a market leader but also open the doors to price discovery, a phrase often associated with explosive gains. CROW’s analysis points out that Dogecoin’s chart is showing strong signs of accumulation, a critical phase in the market cycle that typically precedes massive rallies. If DOGE manages to reclaim the $1 level, it could trigger an influx of buying pressure, driving the price into uncharted territory. This potential shift underscores Dogecoin’s ability to capture market attention and maintain its place as a top-performing cryptocurrency. Related Reading: Solana Back Above Weekly & Monthly Support Levels – Analyst Expects New ATH With market sentiment cautiously optimistic and key technical indicators aligning, Dogecoin seems ready to embark on a new chapter of its journey. Investors are closely watching its movement around the $0.34 level, waiting for the breakout that could signal the start of an extraordinary rally. Price Action Showing Strength Dogecoin is currently trading at $0.34 after a clean breakdown from the $0.39 mark, a significant level of supply. Despite the recent decline, price action suggests strength as DOGE manages to hold its current level as a key demand zone. This resilience indicates that Dogecoin is positioned for a potential rebound if the broader market sentiment shifts positively. A market-wide recovery could set the stage for DOGE to challenge last year’s highs. The critical level to watch is $0.43—reclaiming and holding this mark would signal a massive bullish breakout. Such a move would likely draw significant buying pressure, propelling DOGE into a new phase of upward momentum and possibly price discovery. However, the downside risk remains. If Dogecoin fails to hold above the $0.33 level, selling pressure could intensify, leading to a deeper correction. Investors are keeping a close eye on these key levels as the market navigates through a period of uncertainty. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown? For now, DOGE’s ability to maintain current demand zones is a positive sign, suggesting that the meme coin still holds potential for a strong recovery and significant gains in the coming weeks. Featured image from Dall-E, chart from TradingView
Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world’s largest crypto exchange. Moreover, the lofty Dogecoin transaction comes on the heels of a recent10% price crash in the meme coin. Whales Move Over 70 Million Dogecoin To Binance The recent Dogecoin price crash may have triggered fear among investors, as DOGE whales are suddenly selling off their holdings. With analysts and traders expressing hopes of an imminent Dogecoin price breakout, many are voicing frustration and concern over the ongoing DOGE sell-offs, fearing further delays in the market’s momentum. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension Notably, Whale Alert spotted a substantial Dogecoin transfer on January 7. The cryptocurrency tracker reported that approximately 70,081,124 DOGE tokens were moved by an anonymous whale to Binance. This massive deposit, worth over $27.6 million, has caught the attention of the crypto market, as most large-scale whale transactions often do. Typically, when an asset is transferred from a wallet to a crypto exchange, it indicates the potential for a sell-off. This is because investors often move their holdings to crypto platforms like Binance when they plan to liquidate their positions. The recent 70 million DOGE transfer is a large-scale market movement that could lead to increased volatility, potentially triggering more downturn for Dogecoin. At the time of writing, CoinMarketCap’s data shows that the Dogecoin price has declined by more than 11.2% in the past 24 hours. Considering the meme coin’s susceptibility to slight changes in market trends, additional sell-offs could exacerbate fears of further declines, potentially placing even more downward pressure on Dogecoin. Notably, crypto analyst Ali Martinez has reported on X (formerly Twitter) that Dogecoin’s TD sequential is presenting a sell signal on its daily chart. Given this development, Martinez states that a Dogecoin price correction should be expected, as widespread liquidations often lead to a downtrend. Analyst Cautions Against Selling DOGE After breaking out of this Ascending Triangle, Dogecoin appears to have returned to the apex, testing it as a new support zone and aiming to bounce off this level to continue its upward trend. Crypto analyst Trader Tardigrade shared a chart on X, highlighting that the apex of the Ascending Triangle could serve as a launchpad for a Dogecoin price rally, with the potential to reach a new ATH of $0.95. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December Consequently, Dogecoin investors are being urged to stay on course as the meme coin undergoes this critical phase in its price action. Trader Tardigrade has emphasized that now is not the time to sell off prematurely or short DOGE, as doing so could result in missing the projected price surge to a new ATH. Featured image created with Dall.E, chart from Tradingview.com
The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins. Why The Shiba Inu And Dogecoin Prices Crashed Today CoinMarketCap data shows that the Shiba Inu and Dogecoin prices […]
Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours. Coinglass Data Highlights Extent Of Dogecoin Liquidations According to data from Coinglass, Dogecoin liquidations have been among the most significant in the market in the past 24 hours, as leveraged positions failed to withstand the rapid price drop. Particularly, Dogecoin traders lost over $24.37 million in liquidations during the past day, coming in behind only Ethereum, Bitcoin, and Solana, who have witnessed $136.9 million, $111.54 million, and $31.48 million, respectively, in liquidations. Related Reading: Bitcoin Weekly PPO Turns Red At $102,000, What It Means For The Bull Market Long positions accounted for the majority of liquidations, as bullish traders were caught off guard by the unexpected sell-off. In the case of DOGE, $21.42 million worth of long positions were liquidated, while about $2.95 million worth of short positions were liquidated. These liquidations have also been accompanied by a strong decline in open interest in Dogecoin futures positions. According to Coinglass data, the open interest on Dogecoin is currently at 10.31 billion DOGE tokens, reflecting a 12.37% decline in a 24-hour timeframe. This corresponding drop in open interest suggests a cautious sentiment among Dogecoin investors as crypto bulls push through double-digit beatdowns. DOGE To Bounce Back? The dominance of liquidated long positions shows how bullish traders were blindsided by the abrupt sell-off, which swiftly erased many of the gains in the previous four days. This sharp correction has interrupted Dogecoin’s upward momentum, which had been gearing up to break above the $0.40 price level. Instead, Dogecoin bulls now face the challenge of defending key support at $0.35. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension Dogecoin’s price action in the past seven days has been characterized by intense activity, with a surge from $0.31 on January 1 to $0.395 on January 7, representing a 27.4% increase in six days. However, the past 24 hours have been riddled by a 10% correction. Nevertheless, Dogecoin continues to hold on to this intense trading activity, with data from Coinmarketcap showing a 90% increase in trading volume in the past 24 hours despite the liquidations. Furthermore, these sorts of liquidations and declines are not unusual for Dogecoin, and many holders have seen them as part and parcel of the market. Looking ahead, Dogecoin retains the potential for a strong rebound, particularly if bulls can maintain support around the $0.35 level. A recovery in Bitcoin’s price above the critical $100,000 mark could further provide the broader market momentum needed to resume Dogecoin’s rally. At the time of writing, Dogecoin is trading at $0.3505. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has experienced a massive spike in whale activity, with large-scale investors purchasing huge amounts of tokens in the past 24 hours. This surge in buying activity comes as the Dogecoin price gears up for a potential rally, offering a discount for whales who may believe the meme coin is currently undervalued. Dogecoin Whale […]
The Dogecoin price is currently battling to break above the $0.4 price level again, but technical analysis suggests that might not be the only thing that the meme-inspired cryptocurrency is battling. According to technical analysis by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin is currently locked in a battle with a key resistance level defined by the macro 0.5 Fibonacci extension, which could determine whether the price can break through to higher levels above $0.4 or face renewed selling pressure. Moment Of Truth At Macro 0.5 Fibonacci Extension Resistance The Fibonacci extension indicator is a popular tool among technical analysts to identify price targets and resistance levels. In the case of Dogecoin, crypto analyst Kevin made use of this Fibonacci extension projected from the cryptocurrency’s low of around $0.15 in the middle of October. For Dogecoin, the macro 0.5 Fib extension represents a significant barrier that has held back upward momentum. Related Reading: Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent This 0.5 Fib extension is also notable, considering that it is situated around an order block during Dogecoin’s most recent correction. Crypto analyst Kevin highlighted this resistance level as a “moment of truth,” emphasizing that a successful breach of this level is critical for DOGE to aim for the macro golden pocket. Considering recent market dynamics, Dogecoin’s ability to overcome this resistance will likely hinge on broader market movements, particularly on Bitcoin’s performance. #Dogecoin is in an all out battle with the macro 0.5 Fib extension. This is big resistance and is the key to make it back up to the macro golden pocket. #DOGE success here is going to fully depend on #BTC ability to breakout of its macro golden pocket. Moment of truth folks. pic.twitter.com/vWtfpVahv1 — Kevin (@Kev_Capital_TA) January 6, 2025 Bitcoin’s Role in Dogecoin’s Price Momentum Bitcoin, as the dominant cryptocurrency, mostly always sets the tone for the broader market, including other large market-cap altcoins like Dogecoin. Interestingly, Bitcoin’s inflows and its latest break above the $100,000 price level again in the past 24 hours have flowed into other cryptocurrencies. Related Reading: XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10? Kevin noted this correlation between Dogecoin and Bitcoin, highlighting that Dogecoin’s movement into its macro golden pocket will depend on Bitcoin’s ability to break out of its own macro golden pocket. If Bitcoin manages to break out of its golden pocket, it could provide the momentum needed for Dogecoin to conquer its 0.5 Fibonacci resistance. However, a failure by Bitcoin could leave Dogecoin vulnerable to further consolidation or even another retracement downwards. The golden pocket refers to a specific range within the Fibonacci extension levels, typically the area between the 0.618 and 0.65 Fib extension levels. When referred to as a macro golden pocket, it indicates that the Fibonacci indicator is being applied to a larger time frame, such as weekly or monthly charts, and is on long-term price movements. In an earlier analysis, Kevin identified $0.49 as the “macro golden pocket.” Furthermore, he noted that this level is the first major resistance zone that Dogecoin bulls must push above for a bullish breakout. At the time of writing, Dogecoin is trading at $0.39, up by 25.5% in the past seven days. Featured image created with Dall.E, chart from Tradingview.com
Talks about the Dogecoin payments on the X payment have arisen again following recent developments. These developments include a recently leaked code that suggests the X payments launch is imminent. Dogecoin Payments Rumors On The Rise Amid Imminent X Money Launch Talks about the Dogecoin payments on X have gathered pace amid the imminent X […]
The Dogecoin price could be gearing up for a strong bullish move, as a crypto analyst has identified a recurring pattern in the meme coin’s movements. This optimistic outlook on Dogecoin’s future trajectory comes after the meme coin experienced a severe price crash of over 46%, pushing it to new lows. Dogecoin Price Gets Ready […]
Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs. Dogecoin Gaussian Channel Flashes Green Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of bullishness but not quite completing the move. However, this is beginning to change as, for the first time, the Dogecoin Gaussian Channel has turned green. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? According to crypto analyst Trader Tardigrade, the Dogecoin Gaussian Channel recently flashed green, and this happened on the 4-hour chart. This development points to a possible breakout of the channel that has persisted for the last three weeks. It also signals the start of a possible upward move that could push the price above the coveted $1 level. Initial targets for the Dogecoin price from here put it toward $0.5, where the most resistance currently lies for the DOGE price due to its recent peak. Once a break above the resistance is achieved, the analyst’s chart shows a massive continuation that could push the price further. At the top of the breakout is the $1.4 target, which is an over 200% move from the current price. This target is in line with the analyst’s previous predictions for DOGE, saying that the leading meme coin was set to hit a new all-time high price soon. Analysts Bullish On DOGE Price Despite the crash that rocked the Dogecoin price back in December 2024, crypto analysts have remained quite bullish on the meme coin. Crypto analyst Dima James shared in December that the Dogecoin price could reach double-digits this cycle. Related Reading: Litecoin Sees 2M Bollinger Bands Tighten – What A Move Above $130 Will Mean For Price James used historical data to back up his prediction, showing that DOGE has a history of massive surges. Mainly, these surges happen on a 4-year cycle and with the last major surge happening in 2021, it means 2025 is next in the 4-year cycle. If this is correct, then the DOGE price could be seeing a new all-time high in the first quarter of 2025. In another analysis reported by NewsBTC, a crypto analyst predicted that the DOGE price could rise as high as $5, forecasting a 1,500% move for the meme coin. This time around, the analyst puts the timeline somewhere between March and April, giving only a few months for this prediction to materialize. At the time of writing, Dogecoin was trading at $0.383, 48% below its all-time high price of $0.7376 recorded in May 2021. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price might be gearing up for what looks like another notable rally after its recent performance since the beginning of January. Dogecoin, which spent the majority of the last two weeks of December on a decline, has regained momentum this month and is now about to break above the $0.40 mark again. According […]
Dogecoin has kicked off the new year with an impressive 29% rally from local demand levels, captivating investors and signaling its resilience in the crypto market. The meme coin leader is now testing critical resistance around the $0.40 mark, a level that could determine its next move. Related Reading: Chainlink Tunrns Resistance Into Support – ATH Next? Top analyst Bluntz recently shared an insightful analysis, emphasizing that Dogecoin appears to be in a strategic accumulation period. According to Bluntz, this phase is setting the foundation for an aggressive surge later in the cycle, potentially positioning DOGE for significant gains. Such accumulation periods are often precursors to explosive upward movements, especially for assets with strong community backing like Dogecoin. The coming days will be pivotal for DOGE as it battles to break above the $0.40 resistance level. A successful breakout could ignite a bullish rally, reinforcing Dogecoin’s position as a market favorite. However, failure to clear this zone might result in short-term consolidation, delaying the anticipated surge. Dogecoin Devising A Rally Dogecoin has displayed strong bullish price action since early November, defying market volatility and capturing the attention of investors. Even with its recent correction, the price has managed to recover, showing growth that underscores its potential for further upside. Bluntz recently shared a technical analysis on X, highlighting the accumulation phase in the DOGE/BTC ratio. According to Bluntz, the ratio is “still accumulating,” suggesting that Dogecoin is preparing for a significant rally in this cycle. Bluntz confidently stated that there is “no chance” DOGE won’t surge during this bull run, reflecting the analyst’s optimistic outlook on the meme coin leader. While Dogecoin’s trajectory looks promising, it’s essential to recognize the associated risks. Volatility remains a hallmark of cryptocurrency markets, and Dogecoin is no exception. The broader economic landscape adds another layer of uncertainty, with rising interest rates, inflation, and global economic pressures influencing investor sentiment. These factors could contribute to periods of sharp price fluctuations for DOGE. Related Reading: Ethereum Analyst Predicts A Bullish Q1 – Can ETH/BTC Ratio Push Above 0.04? For long-term investors, Dogecoin’s ongoing accumulation phase may present an opportunity to enter the market ahead of a potential breakout. However, risk management and a cautious approach are vital, especially given the unpredictable nature of both the crypto market and the global economy. If Dogecoin manages to clear key resistance levels, it could validate Bluntz’s bullish thesis and solidify its status as a top performer in this cycle. Price In Consolidation Dogecoin is currently trading at $0.38 after encountering resistance at the $0.40 mark. This level has temporarily halted DOGE’s upward momentum, placing the price in a consolidation phase. Such periods of sideways trading are not uncommon and could last for several days or even weeks as the market gathers strength for the next move. Despite the pause, optimism remains high among investors and analysts. The $0.43 mark is emerging as a critical resistance level for DOGE. A clean breakout above this level would signify renewed bullish momentum, potentially propelling Dogecoin to multi-year highs or even new all-time highs. Achieving this would likely draw fresh attention from both retail and institutional investors, further bolstering its upward trajectory. Related Reading: Solana Breaks Above Daily Downtrend – Analyst Expects New ATH Soon However, the path forward is not without its challenges. Market sentiment and broader crypto trends will play a significant role in determining whether Dogecoin can muster the strength to push higher. If the consolidation phase is accompanied by increased trading volume and strong buying support, the breakout scenario becomes increasingly likely. Featured image from Dall-E, chart from TradingView
The Dogecoin price is showing remarkable strength as it aims to recover and potentially surge to new all-time highs. Prominent crypto analyst Javon Marks has projected that the Dogecoin price recovery could trigger a significant price rally, driving gains of 75% in the short term and an impressive 234% surge in the long term. How […]