The Dogecoin and Shiba Inu prices have surged significantly today, providing optimism for investors. This development is thanks to several factors that paint a bullish picture for the foremost meme coins. Why The Dogecoin And Shiba Inu Prices Are Up CoinMarketCap data shows that the Dogecoin and Shiba Inu prices are up over 14% and […]
Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action. The analyst revealed that the foremost meme coin was approaching the moving average (MA) line, which could lead to a new all-time high (ATH). Dogecoin Eyes ATH As Weekly RSI Approaches The MA Line In an X post, Master Kenobi revealed that Dogecoin’s weekly Relative Strength Index (RSI) is approaching the MA. He remarked that this is a crucial level that needs to be broken to confirm a continued upward movement. The crypto analyst added that if these barriers are cleared, then the current ATH of $0.74 becomes the next major point of interest for Dogecoin. Related Reading: XRP Price Prediction To $4.9: How The 1-Day 50 MA Will Drive The Next Wave As part of his Dogecoin analysis, Master Kenobi also noted that DOGE has had a solid week, although it is unlikely to close in the ATH zone. As part of the obstacles that DOGE needs to overcome, the crypto analyst highlighted a resistance that the foremost meme coin faces at the upper green trendline on his accompanying chart. This comes after DOGE successfully tested the lower green trendline two weeks ago. From a fundamentals perspective, the crypto analyst noted that Donald Trump’s reinstatement in the White House could serve as both an indicator and a significant catalyst for Dogecoin reaching its current ATH. Crypto analyst Kevin Capital also shared an analysis of what needs to happen for Dogecoin to reach and surpass its current ATH. First, he stated that the meme coin needs to break the macro golden pocket at $0.49, then the Fib .703 level at $0.53, and then a break above $0.59. The crypto analyst asserted that a clean break above $0.59 would pave the way for a new ATH for Dogecoin. DOGE Ready For Next Leg Up The Dogecoin price looks well-primed for the next leg of its bull run. In an X post, crypto analyst Trader Tardigrade revealed that a Dogecoin MACD bullish crossover has occurred on the daily chart. He added that the previous bullish crossover triggered a massive pump for DOGE when it soared from $0.11 to $0.43. Related Reading: Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First The crypto analyst added that Dogecoin could record a similar rally again. His accompanying chart showed that DOGE could reach the much-anticipated psychological $1 level on this next leg up. In another X post, Trader Tardigrade mentioned that the meme coin has just entered distribution in the “Power of Three” (PO3) pattern. He added that this pattern makes $1 a reasonable target. Master Kenobi also recently predicted that Dogecoin could rally to as high as $1.2 if the meme coin breaks its ATH by the end of January. At the time of writing, the Dogecoin price is trading at around $0.38, up over 15% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has jumped into the New Year’s market rally, making an impressive 25% move in just the first few days of 2025. The meme coin, known for its enthusiastic community and historic rallies, has joined the broader market upswing that many crypto assets are currently enjoying. Top analyst Bluntz recently shared a technical analysis on X, highlighting that after this surge, Dogecoin is now showing undeniably impulsive behavior again. According to Bluntz, the price action suggests that DOGE could be gearing up for further gains if it manages to break through critical supply levels. Related Reading: Solana Breaks Above Daily Downtrend – Analyst Expects New ATH Soon The next few days will be pivotal for Dogecoin as it navigates this newfound momentum. Investors are closely watching whether the meme coin can sustain its rally and test its next resistance levels. If successful, Dogecoin may continue its upward trajectory, rekindling the excitement of its most bullish phases. With market sentiment turning optimistic and technical indicators pointing toward strength, Dogecoin is again capturing attention as a potential leader in the altcoin space. Will DOGE sustain this momentum and surprise the market, or is this just another short-lived burst? All eyes are on Dogecoin in the coming days. Dogecoin Prepares For A Big Move Dogecoin’s impressive surge yesterday is reigniting excitement among its investors and traders. The meme coin has demonstrated its ability to stage rapid upward moves, and this recent activity might just be the beginning of something bigger. Analysts are now speculating whether Dogecoin could reclaim its former glory and reach new heights. Top analyst Bluntz shared a technical analysis on X, pointing out that Dogecoin is now looking undeniably impulsive. This shift in behavior comes after DOGE surged above crucial demand levels, indicating strong buying interest. According to Bluntz, this momentum could propel Dogecoin toward the $0.50 mark—a significant psychological and technical level. For this scenario to unfold, Dogecoin must clear the supply around local highs. Breaking past these resistance zones could pave the way for a substantial rally, potentially mirroring its most explosive moves from previous market cycles. However, achieving this will require continued support from the broader market and sustained interest from its dedicated community. Related Reading: Chainlink Tunrns Resistance Into Support – ATH Next? The next few days will be critical for Dogecoin as it tests these levels. If the bullish momentum holds, DOGE could lead the altcoin space once again, reminding the market of its unparalleled ability to surprise even the most seasoned traders. All eyes are on Dogecoin as it aims for a breakout above $0.50. DOGE Testing A Critical Level Dogecoin is currently trading at $0.38, riding on a wave of bullish price action since the start of the year. After gaining momentum and surging over 25% in recent days, DOGE is now testing a critical resistance level that could determine its short-term direction. The $0.40 mark has emerged as a significant barrier for Dogecoin. If the meme coin manages to break above this level and establish it as support, it could ignite a new bullish rally. Analysts predict that such a breakout would open the door for DOGE to retest its local highs and potentially aim for even higher targets, with the $0.50 mark within reach. However, failing to break above this critical level could cause Dogecoin to consolidate around its current range. This period of indecision might last for several weeks as the broader market awaits confirmation of DOGE’s next move. Related Reading: Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead? The coming days are crucial for Dogecoin as it navigates this pivotal moment. Traders and investors will closely watch its price action to determine whether the recent bullish momentum can sustain itself and propel DOGE into a new phase of growth. Featured image from Dall-E, chart from TradingView
Crypto analyst KrissPax has drawn the community’s attention to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon record a double-digit price surge. Dogecoin Price Eyes Double-Digit Surge In an X post, KrissPax predicted that the Dogecoin price could enjoy a double-digit surge […]
The Dogecoin price seems to be in the early stages of a budding momentum with recent action in the past 48 hours. Particularly, a rebound has seen Dogecoin retesting the $0.34 price level in the past 24 hours. Notably, technical analysis of the Dogecoin price movement shows that the meme coin could now be gearing […]
Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal. Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to be more confirmations for this rally to be $0.48. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For In line with this, Swallow remarked that the Dogecoin price needs to see a weakening near that EMA zone before going for a downward movement. He explained that any signs of volume building up at that range could lead to a further move toward the $0.40 and $0.48 targets. Crypto analyst KrissPax also recently provided a bullish outlook for the Dogecoin price, predicting that a rebound was imminent. He stated that Dogecoin has broken out of a 2-week descending wedge. The crypto analyst added that after a retracement, the foremost meme coin could rally back over $0.40. In another X post, KrissPax revealed that the Dogecoin price just finished a retest on an upward-sloping resistance line as support and is already up 6% in this new year. He added that a continuation higher is expected. Based on the chart analysis, DOGE could rally to as high as $2, marking a new all-time high (ATH) for the foremost meme coin. The Dogecoin price could still rally to double digits in this market cycle based on predictions by several crypto analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could cross $11 before this year ends. 2025 Is A Bullish Year For DOGE In a recent X post, crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the foremost meme coin. The crypto analyst added that the upper resistance line indicates the DOGE top in this market cycle could be $3.63. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details The crypto analyst had before now predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin mirrors its 2021 bull run. Meanwhile, crypto analyst Master Kenobi also shared a prediction similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the foremost meme coin could at least surpass the psychological $1 level and reach $1.2. At the time of writing, the Dogecoin price is trading at around $0.33, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has witnessed an explosive increase in the number of large transactions, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE. Dogecoin Sees 41% Surge In Large Transactions IntoTheBlock data shows that Dogecoin has witnessed a 41% surge in large transactions, with […]
Crypto analyst Dima James has boldly predicted that the Dogecoin price could cross $11 in this new year. He alluded to DOGE’s weekly chart to explain why the foremost meme coin is well-primed to reach this price target. Dogecoin Price Primed To Cross $11 This Year In an X post, Dima James predicted that the Dogecoin price could cross $11 this year and reach $11.71. The analyst made this prediction following his analysis of Dogecoin’s weekly chart. His accompanying chart showed trend lines, which he noted are mathematically calculated and placed to provide an idea of where DOGE could end year 4 of this current cycle. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Alluding to the chart, Dime James noted that historically, the red line has consistently signaled the top in every cycle. Meanwhile, the line above the red one marks the exact cycle top in previous 4-year cycles (2017 and 2021). If history repeats itself, the crypto analyst believes this pattern will play out again this year, with the Dogecoin price reaching at least the red line, with the target above $11. The crypto analyst noted that in previous cycles, the Dogecoin price has increased exactly 37x from the start of year 4 to the end of that same year. Dogecoin began this year at $0.31660. Therefore, if history rhymes, Dima James boldly predicted that the foremost meme coin will end 2025 at around $11.71, 37 times the price at the start of this year. Dima James also raised the possibility of the Dogecoin price rising above $11.71. He noted that the red line for year 4 in 2025 begins at around $23 and increases over time. The line above the red one starts at $36 and also increases with time. The crypto analyst added that market participants can begin to expect this cycle’s peak depending on when Dogecoin reaches this red line. A More Conservative Price Target Crypto analyst Master Kenobi provided a more conservative target for the Dogecoin price, suggesting it could top between $1.2 and $3.4 in this market cycle. He stated that if DOGE breaks past its current all-time high (ATH) of $0.74 by the end of January, it could potentially test the $1.2 area, which he marked with the yellow trend line on his accompanying chart. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The analyst added that anything beyond the $1.2 Dogecoin price target would be a bonus, although not impossible. He remarked that if DOGE were to reach the orange line by the end of January, it would be valued at $3.4. The crypto analyst opined that the meme coin is unlikely to reach this target at this stage of the bull market. At the time of writing, the Dogecoin price is trading at around $0.33, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Balo (@btcbalo) has highlighted a major technical breakout on the Dogecoin (DOGE/USD) chart that suggests a bullish trend in the near future. Balo’s analysis, based on a 4-hour chart, points to several key technical developments that are driving expectations of a continued upward movement of the Dogecoin price. Why Dogecoin Looks Poised To Rally A cornerstone of Balo’s assessment centers on Dogecoin’s decisive breach of a longstanding downtrend line on December 28. This downtrend line, originally established from the December 8 apex of $0.48, had served as a formidable resistance level, effectively dictating DOGE’s price movements throughout December. Related Reading: Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst The breakout above this trend line marks a critical turning point. Following this ascent, Dogecoin experienced a minor retracement in which the memecoin swiftly retested the breached trend line. However, the retest was successful, reinforcing the bullish outlook for Dogecoin. Complementing the breakout from the downtrend line is the dissolution of a descending triangle pattern that had been forming since December 21. A descending triangle is characterized by a series of lower highs converging with a relatively flat support level, often signaling a potential bearish continuation. However, Dogecoin’s ability to break out of this formation today, on January 2 suggests a shift in market sentiment. The emergence from the descending triangle, coupled with the breakout, enhances the bullish narrative, although a retest of the triangle’s upper boundary could provide further validation of this upward trend. Integral to Balo’s thesis of a major breakout is also the volume profile, which offers a nuanced understanding of trading activity at various price levels. Dogecoin has rebounded from the substantial support at the highest volume cluster around $0.32, indicating a strong base of accumulated trading interest. Related Reading: Dogecoin Teeters Between ‘Price Discovery’ And ‘Catastrophe’: What’s Next? To the upside, volume is thin until the $0.40 region, where there is a huge cluster up to $0.43. This clustering implies that above this zone, DOGE could encounter minimal resistance, paving the way for Dogecoin to target its yearly high of $0.4834, recorded on December 8. Further reinforcing the bullish outlook is the completion of the ABC pattern on Dogecoin’s chart. The ABC pattern is a corrective sequence in technical analysis that typically signifies the termination of a retracement phase and the continuation of the preceding trend. In Dogecoin’s case, the finalization of this pattern aligns seamlessly with the other bullish indicators derived from the breakout and volume profile analysis. Thus, Balo’s remark “DOGE [is] starting to break out, I don’t see any reason to stop now. New highs real soon,” could signal that DOGE is heading for a new high. At press time, DOGE traded at $0.34. Featured image created with DALL.E, chart from TradingView.com
A crypto analyst has confirmed that the Dogecoin price has entered a consolidation zone after experiencing a recent market bounce above the $0.3 level. The analyst predicts that Dogecoin is now eyeing a new price target of $3.4, aiming to reach a new all-time high in 2025. Dogecoin Price Stabilizes In Consolidation Zone According to […]
Amidst recent fluctuations in the Dogecoin price and its market crash, a crypto analyst has shared a bullish forecast for this number one meme coin, identifying key support and resistance areas that could dictate its future price trajectory. The analyst has identified a “rock solid” support zone for Dogecoin, signaling a potential rally to new […]
Dogecoin and Shiba Inu prices are falling today as the year draws to a close, sparking bearish sentiment among investors. This price drop is thanks to the sentiment in the broader crypto market and macroeconomic developments. Why The Dogecoin And Shiba Inu Prices Are Falling Today CoinMarketCap data shows that the Dogecoin and Shiba Inu […]
The Dogecoin price has successfully completed its final retest of a crucial support level, signaling renewed potential for a significant rebound. According to crypto analyst Trader Tardigrade, Dogecoin could be headed to new all-time highs, as historical chart patterns suggest a parabolic surge might be on the horizon. Dogecoin Price Concludes Final Support Retest In […]
The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corrections observed in both Bitcoin and Dogecoin. Bitcoin, after hitting an all-time high of $108,135 on December 17, has seen a retracement towards $93,000. Similarly, Dogecoin has faced pressure, dipping from its recent highs near $0.48 to settle just above $0.30 at the time of writing. According to technical analysis of both cryptocurrencies, an interesting correlation has emerged that points to Dogecoin surging to $5 in the next few months. The 800-Day Trend: A Case For Dogecoin’s Correlation With Bitcoin Bitcoin and Dogecoin have one of the biggest correlations among cryptocurrencies, particularly during market cycle transitions. Bitcoin has always led inflows and outflows into the crypto market, and Dogecoin has historically mirrored its price trends very closely. Related Reading: Doji Formation On Bitcoin Chart Suggests BTC Could See 2 Months Of Upside In The New Year As pointed out by a crypto analyst on social media platform X, these patterns often extend beyond immediate price movements. For example, the number of days between Bitcoin’s cyclical bottoms and Dogecoin’s subsequent peaks has shown a consistent rhythm. Particularly, technical analysis shows that there’s been a consistent pattern of approximately 800 days between Bitcoin’s bottom and Dogecoin’s next major peak. The historical data supporting this theory is compelling. This first time this pattern showed up was in 2017, when the Dogecoin price peaked 868 days after Bitcoin’s bottom of the preceding bear phase in 2015. Again, the 2021 bull rally exhibited this same phenomenon, with Dogecoin peaking at its current all-time high of $0.7316 875 days after Bitcoin’s bottom in 2019. What Lies Ahead For Dogecoin Price? The ongoing market cycle appears to be following a similar trajectory. Bitcoin reached its most recent bottom at $15,422 during the first half of 2023, following a long bear market that saw significant declines across the crypto industry in 2022 and early 2023. Since then, Bitcoin has entered a new bullish phase, gaining momentum in the second half of 2023 and throughout 2024. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 Keeping in mind the 800-day trend, Dogecoin’s next major peak could align with a timeline of approximately 800 days from Bitcoin’s 2023 bottom. This projection places Dogecoin’s potential peak around March or April 2024. In terms of price targets, the analysis provides an optimistic outlook for Dogecoin. Based on historical price performance and the scale of previous rallies, a price of $5 has been identified as a realistic target for Dogecoin around the projected timeline. At the time of writing, Dogecoin is trading at $0.32, down by 1.8% in the past 24 hours. If this trend repeats itself, Dogecoin’s price could soar by 1,460 % from its current levels to new all-time highs. While this seems ultra bullish, it pales in comparison to other predictions of Dogecoin price peaks. Several analysts have speculated that Dogecoin could hit as high as $20 in 2025. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price action over the past three weeks has been characterized by notable corrections and consolidations alongside the rest of the crypto market. Nonetheless, the enduring bullish sentiment surrounding the meme coin suggests that it may be on track to undergoing a significant upward movement very soon. Recent remarks from crypto analyst Javon Marks […]
The Dogecoin price is currently down -34% from its December 8 high at $0.4843. But according to crypto analyst Kevin (@Kev_Capital_TA), DOGE has one of “the better looking” charts at the moment. In a new Broadcast on X, he offered an in-depth look at Dogecoin, the broader market environment, and key technical indicators. Dogecoin: Price Discovery Or Catastrophe? Despite the current retracement, Kevin believes Dogecoin’s chart “looks really nice at the moment” and appears stronger than many other cryptocurrencies: “This is a stronger coin compared to a lot of the market. I mean, Doge really does look good here. […] Can it not look good in a week from now? Of course it can, but it looks really good at the moment.” However, he emphasized the possibility of short-term pullbacks—something that could bring Dogecoin down to the $.026 region: “In the short term, could we come back down and test 26 cents? Which I’m gonna throw that out there […] I see no real reason to be uber bearish […] but is it possible that we come back down here? Sure.” Related Reading: Dogecoin Price Could Soar To $23 Based On These Bullish Fractals The $0.26 to $0.28 range emerged as the critical juncture for Dogecoin’s near-term outlook: “As long as we remain above this 28 to 26 cent level […] I see no reason to be super fearful. If we pierce that level […] A loss of $0.26 cents on weekly closes would be catastrophic.” Kevin traced this specific target back to November, when he first suggested Dogecoin would revisit the golden pocket near $0.26. According to him, many were skeptical, but that level eventually got hit: “I took a lot of heat for making that call back in early November when we were at 45 cents […] We ended up coming back down and testing that.” Looking to the upside, Kevin pinpoints a substantial resistance area between $0.30 and $0.35, calling it “big, big resistance.” Following that, he labels $0.94 to $1.00 as his “next big zone,” though he cautioned traders against assuming a guaranteed climb. For Dogecoin to breach previous all-time highs and truly enter “full-blown price discovery,” Kevin wants to see a break above the 0.703 and 0.786 Fibonacci retracements—roughly $0.53 and $0.59 cents, respectively: “I don’t see anything holding Dogecoin back from full-blown price discovery […] We want to break 53 cents […] and then the 0.786 at 59 cents. If we’re durably breaking past that 60 cent area, I don’t see anything holding Dogecoin back.” Drawing parallels to past market cycles, Kevin highlighted how Dogecoin historically checks in with its “bull market support band” and macro support levels before rallying: “We came back, we tested structure support […] bull market support band in this cycle. This is very similar to [the previous cycle]. You can’t deny the similarities.” He described how Dogecoin’s present chart mirrors its cycle patterns “almost insanely,” referring to a breakout followed by a falling wedge, an initial climb, and a retest of macro support: “Crypto has this insane innate ability to follow its cyclical nature of performance […] it’s truly amazing, really.” Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H – Details Despite Dogecoin’s cyclical consistency, Kevin reminded viewers that external market factors and Bitcoin’s performance (which he called “the leader of the market”) could always derail patterns: “We obviously need Bitcoin to cooperate. We can’t have any crazy situations happen globally.” Kevin also examined the DOGE/BTC pair, noting a macro trend line and a golden pocket test: “We have this macro trend line […] we broke through that and we came back in. We’re currently at the bull market support band […] We came back and tested the macro golden pocket again.” He stressed that if Dogecoin remains above this zone on the DOGE/BTC chart, it should head higher. A breakdown, however, could spell trouble: “Kind of like that 26 cent level […] if we come down and break […] it will coincide with a break of the bull market support band and this macro golden pocket, in which case we can be in some pretty deep s**t.” Kevin also delved into macroeconomic and geopolitical factors that could influence Dogecoin and the wider crypto sphere. He posited that the President Donald Trump returning to the White House in January is “very bullish” if it leads to improved regulations, reduced conflict, and pro-growth policies: “We have Trump coming in the office in January, meaning we’re going to have a crypto-friendly administration […] If we can get the Ukraine and Russia war ended, that’s going to be bullish for markets […] We can get inflation back down to 2% and then start lowering interest rates faster.” When And How High Will DOGE Rise Again? From December dumps to Q1 optimism, Kevin noted how market participants often front-run expectations by about a month. He suggested that if January ends up choppy, February might be the point when markets begin their true climb: “Everyone thought October was going to be bullish. October was not bullish. November was bullish. Now everyone thinks January is going to be bullish […] Maybe February is bullish.” When pressed for specific price targets, Kevin pointed to several Fibonacci extensions and the Pi Cycle Top indicator on the Dogecoin chart: “If we break through previous all-time highs, the next resistance zone is going to be $0.94 up to $1.32 […] If we break through $1.32, the next big resistance zone that I’m eyeing is $2.19 up to $2.78.” However, he made it clear that any long-term price predictions depend heavily on technical indicators and confirmations. He highlighted multiple monthly indicators—MACD, RSI, Stoch RSI, and the Pi Cycle Top—as potential signals to exit positions: “I don’t care what the price is at that point […] once we get up into that zone, I’m taking profits off the board. If the monthly indicators start flashing, I’m getting out.” At press time, DOGE traded at $0.32. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action while making reference to the Bitcoin halving and previous cycles. Using these metrics, the analyst revealed what phase of the bull Dogecoin is currently in and what next to expect for DOGE. What Next For Dogecoin Price Based On Bitcoin Halving And […]
The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014. This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal. With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point. Dogecoin Price At A Glance As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion. Featured image from iStock, chart from TradingView
The Dogecoin price has continued its decline over the past two weeks into the last 24 hours. Particularly, Dogecoin has yet to start a notable momentum above the $0.30 threshold, although it has largely held up above $0.31. Amidst this price decline, the Relative Strength Index (RSI) indicator has relayed a similar decline, which was […]
Dogecoin is currently trading around $0.31, a level that has left investors in a state of uncertainty. The price has been stagnant, neither breaking down nor rallying, as it consolidates and prepares for what could be a significant move. This period of indecision has fueled speculation among DOGE enthusiasts, with many wondering if the popular meme coin is poised for a breakout or further decline. Related Reading: Bitcoin $90K Level Is Crucial For Bulls – Price Could Tag $79K If BTC Loses It Adding to the intrigue, crypto analyst Ali Martinez recently shared key data suggesting a potential bullish outlook for Dogecoin. According to Martinez, whales have accumulated over 90 million DOGE in the past 48 hours, a significant indicator of long-term optimism. Historically, whale activity has often preceded notable price movements, hinting at the possibility of renewed momentum. While the short-term outlook remains unclear, this whale accumulation could act as a strong foundation for Dogecoin’s next move. However, the meme coin must overcome its current indecision before any substantial trend emerges. Can Dogecoin rally and reignite its meme-driven hype, or will it succumb to further consolidation? Only time will tell as DOGE approaches a critical juncture. Dogecoin Whales Prepare For A Move Dogecoin has been navigating through a challenging phase, with its price experiencing significant drops in recent weeks. Despite the bearish sentiment dominating the broader market, whales have consistently taken advantage of the dip, signaling long-term confidence in the meme coin. This accumulation trend underscores the potential for a bullish reversal in the near future. Martinez recently highlighted compelling on-chain data, revealing that whales purchased over 90 million DOGE in the past 48 hours alone. This buying spree adds to a growing trend of whale accumulation during the current market pullback. Martinez’s analysis suggests that large-scale investors are positioning themselves for a long-term rally, viewing the current price levels as an opportunity rather than a risk. Historically, whale activity has often foreshadowed significant price movements and Dogecoin’s current scenario appears no different. If DOGE can maintain its position above the crucial $0.31 level, the foundation for a massive rally will solidify. However, breaching this support could open the door to further downside, adding urgency to the current consolidation phase. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14 As accumulation continues and key support levels hold, Dogecoin’s bullish outlook remains intact. Investors are now watching closely to see if this meme coin can capitalize on whale confidence and spark its next upward surge. Key Levels To Hold Dogecoin is trading at $0.31, reflecting a tug-of-war between bulls and bears. Recent price action saw DOGE fail to reclaim the $0.35 mark, a key resistance level that needs to be broken for bulls to regain control. On the downside, attempts to break below $0.30 have also been unsuccessful, signaling strong demand at this level. However, the indecision leaves DOGE at a critical juncture, with both bullish and bearish scenarios still in play. For bulls to reclaim momentum, Dogecoin must push above $0.37 and hold it as support. Breaking and sustaining this level would signal renewed strength, potentially setting the stage for a rally. Without this breakthrough, however, DOGE risks losing its current foothold. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support – Top Analyst The broader market sentiment leans bearish, with many altcoins showing signs of vulnerability. If the market enters a deeper correction, DOGE could break below the $0.30 support. Such a move could trigger a cascade of selling, pushing the price as low as $0.20, a significant psychological level and historical support. Featured image from Dall-E, chart from TradingView
The Dogecoin and Shiba Inu prices have crashed in the last 24 hours as the broader crypto market correction continues. This price crash is due to several developments, including the holiday season, with several traders choosing to stay out of the market during this period. Why The Dogecoin And Shiba Inu Prices Crashed CoinMarketCap data […]
The Dogecoin price is replicating a bullish fractal from 2021, signaling the potential for a price breakout to new highs. A crypto analyst has shared a price chart comparing this historically recurring fractal to Dogecoin’s current trajectory, predicting a massive surge to new all-time highs by January. Historical Fractal To Trigger Dogecoin Price Rally Above […]
The Dogecoin price is currently trading within a bearish setup as it continues to undergo correction following a remarkable price surge in the past two months. Nonetheless, technical analysis suggests that the leading meme coin is still trading in a bullish setup on the larger timeframe. In a technical analysis of Dogecoin’s price movement on […]
While widespread liquidations would be expected from the recent DOGE price crash, Dogecoin whales have embraced the downturn as a prime opportunity. Viewing the dip as a chance for a low market entry, these whales now purchase Dogecoin in large volumes, with the latest transactions recording a 270 million buy. Dogecoin Whales Scoop Up 270 […]
Crypto analyst Trader Tardigrade has highlighted an interesting development in the Dogecoin price movement as it starts to trade within a range. According to technical analysis by the crypto analyst, Dogecoin is currently in a manipulation phase. Interestingly, he noted that the king of meme coins has been following the Power of Three (PO3) pattern […]
A crypto analyst, known as ‘CryptoSanders9563’, disclosed in a report on TradingView that the Dogecoin price has broken out of a symmetrical triangle pattern. This technical pattern, signaling a bullish continuation for Dogecoin, is expected to trigger a price surge to a new target above $0.375. Symmetrical Triangle To Drive Dogecoin Price Above $0.37 CryptoSanders has shared a Dogecoin price chart, showing a symmetrical triangle pattern formed by converging trendlines. According to the TradingView analyst, Dogecoin’s price broke above the symmetrical triangle’s upper trendline at approximately $0.316, confirming a bullish breakout and signaling a potential surge to a new price target above $0.375. Related Reading: Bitcoin Price Can Recover To $107,000 Again If This Important Level Is Broken A symmetrical triangle is a chart pattern that signals a period of consolidation before a price breakout. When the price of a cryptocurrency experiences a breakout from this pattern, it often indicates the start of a new trend or a continuation of a former trend. As a result, breaking out of the lower trendline marks the beginning of a bearish phase and vice versa. CryptoSanders has revealed that Dogecoin’s price breakout is accompanied by continued price action above critical moving averages, further strengthening its bullish setup. At the time of the analyst’s report, the Dogecoin price was trading above the 50 Exponential Moving Average (EMA) and the 200-EMA. These two moving averages are critical indicators that suggest a continued upward momentum in the Dogecoin price. The TradingView analyst has surmised that converging both moving averages could be a dynamic support for Dogecoin, potentially fortifying its upside momentum. Following the recent breakout from the symmetrical triangle pattern, the analyst has pinpointed $0.375 as Dogecoin’s next significant resistance level. This price point is also a psychological level for Dogecoin, triggering profit-taking for investors. If the Dogecoin price can break above the $0.375 resistance level, it could trigger a more substantial price rally to new highs. However, a failure to breach this level could catalyze another downtrend, potentially pushing Dogecoin’s price to the $0.306 support level. Dogecoin Trade Setup and Strategy While sharing his optimistic projection for Dogecoin’s price trajectory, CryptoSanders also outlined a well-defined trade strategy for investors looking to capitalize on this symmetrical triangle breakout. Related Reading: XRP Price Prediction: Wave 2 And 5 Targets Put XRP At $7 And $13 The analyst pinpointed an entry zone at the $0.316 price level after the confirmation of the breakout. A stop loss of $0.306 has been set to mitigate downside risk and avoid financial loss in the event of a failed breakout. Furthermore, the previously projected target of $0.375 has been reaffirmed as the primary profit-taking zone, coinciding with the highlighted resistance area on the chart. CryptoSanders has revealed that this trade setup offers a favorable risk-to-reward ratio. Investors can potentially earn a significant profit as long as the price of Dogecoin holds above the breakout level and the stop loss is respected. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Ali Martinez has indicated that there is a looming parabolic rally for the Dogecoin price. Martinez predicted that the foremost meme coin could rally above $1 and reach as high as $20 if history repeats itself. Dogecoin Price Set For Rally Above $1 In an X post, Ali Martinez shared an accompanying chart […]
Dogecoin (DOGE) has faced significant volatility, with the price plunging 45% from its multi-year high of $0.48. Despite the sharp correction, DOGE has managed to hold above the critical $0.30 level, providing hope for a potential rebound. This level now serves as a vital support zone as bulls aim to reclaim momentum. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details Top analyst Ali Martinez has drawn attention to an intriguing comparison on X, highlighting similarities between Dogecoin’s current price behavior and its performance in 2017. According to Martinez, DOGE’s historical patterns suggest that periods of sharp corrections have often preceded explosive parabolic rallies. If history repeats itself, Dogecoin could be gearing up for another meteoric rise. Market sentiment remains a mix of caution and optimism as traders monitor whether DOGE can maintain support and establish a foundation for upward momentum. The comparison to 2017 adds weight to the bullish case, as Dogecoin is well-known for its rapid and unpredictable price surges. 2017 vs 2025: What To Expect? Dogecoin (DOGE) appears to be mirroring its historical price patterns, setting the stage for a potential parabolic rally in 2024. According to top analyst Ali Martinez, who shared a detailed technical analysis on X, Dogecoin’s current price structure closely resembles its behavior during previous bull runs in 2017 and 2021. This comparison has sparked excitement among investors anticipating a massive breakout. In 2017, Dogecoin experienced a 212% surge, followed by a 40% retracement before skyrocketing 5,000%. Similarly, in 2021, DOGE surged 476%, retraced 56%, and then achieved an astonishing 12,000% rally. Now, in 2024, Dogecoin has already climbed 440% and retraced by 46%. Martinez notes that if history repeats itself, DOGE could be gearing up for another explosive rally, potentially breaking its all-time highs and entering price discovery. Such a pattern indicates that Dogecoin may deliver gains far beyond current expectations. A move into price discovery could propel DOGE to unprecedented levels, driven by renewed investor enthusiasm and FOMO (fear of missing out) as it regains momentum. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone – Details While past performance doesn’t guarantee future results, Dogecoin’s ability to replicate its historic cycles makes it one of the most closely watched cryptocurrencies. If the meme-inspired coin follows its established trend, 2024 could mark another defining chapter in Dogecoin’s journey. Dogecoin Testing Crucial Demand Dogecoin (DOGE) is currently trading at $0.31 after enduring days of significant volatility and uncertainty. The recent rebound from the $0.26 low has provided a much-needed boost to investor confidence, suggesting that DOGE’s price may have found solid footing to build further momentum. This quick recovery indicates underlying strength, raising hopes for continued upward movement. However, the $0.31 level remains a critical barrier for Dogecoin. If the price fails to reclaim and hold this level as support, it could result in a period of sideways consolidation, potentially delaying any meaningful recovery. Such a consolidation phase would likely keep DOGE range-bound, frustrating traders looking for clearer signals of direction. Related Reading: XRP Holds Key Demand Level – Whale Activity Suggests Strength On the bullish side, a decisive push above the $0.36 mark could trigger a swift recovery, paving the way for Dogecoin to challenge higher resistance levels. Breaking this key threshold would signify renewed momentum, potentially attracting fresh buying interest and setting the stage for further gains. Featured image from Dall-E, chart from TradingView
Crypto analyst Behdark has provided an in-depth analysis of the Dogecoin price roadmap to its current all-time high (ATH) of $0.75. In his analysis, he explains why Dogecoin could still witness a significant correction before it rallies to its current ATH. Dogecoin Price Next Wave Is Bearish In a TradingView post, Behdark stated that the Dogecoin price seems to be entering wave F, which is a bearish wave. The crypto analyst noted that the previous corrective waves of this diametric lasted between 196 and 347 days, so this wave F is also expected to last between 196 and 347 days. Related Reading: Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally The analyst’s accompanying chart showed that the Dogecoin price could drop to as low as $0.15 on this wave F corrective move. Similar to waves B and D, the analyst remarked that this corrective wave is expected to be highly volatile. Based on the 196 to 347-day timeline, this corrective wave might not end until sometime in November 2025. Once the corrective wave F is done, the Dogecoin price will transition to wave G. Behdark stated that Wave G will be a bullish wave that might lead to a new ATH. The accompanying chart showed that Dogecoin could reach around $0.8 on this impulsive move to the upside. However, the much-anticipated psychological $1 price level could still elude the foremost meme coin. Meanwhile, the crypto analyst added that a weekly candle below the invalidation level at $0.12 would invalidate the buy outlook for the green zone between $0.15 and $0.20. Behdark’s analysis provides a completely different perspective for the Dogecoin price, considering that crypto analysts like Trader Tardigrade have predicted that the meme coin could rally to double digits before mid-2025. Behdark’s analysis also suggests that the Dogecoin price is unlikely to reach $1 in this market cycle, a target market participants have set their eyes on since the meme coin began its parabolic rally between October and November. Four-Year Cycle Still In Play Crypto analyst KrissPax provided a more bullish outlook for the Dogecoin price, stating that the four-year cycle is still in play. The analyst cited a historical pattern in which Dogecoin took off in January 2021 after an uptrend in late December 2020. He then raised the possibility of this historical trend repeating itself again. Related Reading: XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96? Crypto analyst Master Kenobi had before now also suggested that a Dogecoin price rebound was likely in January 2025 as he alluded to the historical pattern in the 2021 bull run. The crypto analyst believes that Dogecoin could reach a new ATH around Donald Trump’s inauguration, especially with the Department of Government Efficiency (D.O.G.E) coming to life when Trump takes office. At the time of writing, the Dogecoin price is trading at around $0.31, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The 24-hour Dogecoin price action has been highlighted by a range between $0.3049 and $0.3229 as both the bulls and bears work to break into either side. As the cryptocurrency continues to struggle with price corrections on the short-term timeframe, technical analysis of a wider timeframe shows a bullish structure that would lead to a […]