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A recently published Dogecoin (DOGE) chart by analyst Paul (@Zig_ZagTrades) suggests that the popular meme-based cryptocurrency could slide as low as $0.12 in a final corrective phase before attempting a significant rebound. The 1-day chart, shared on X, outlines a textbook Elliott Wave structure that Paul interprets as a larger (A)–(B)–(C) correction, culminating in a potential Wave 2 near the $0.12–$0.15 region. More Downside For Dogecoin Ahead? In Paul’s analysis, Dogecoin has been tracing a five-subwave decline since reaching a prominent peak labeled as Wave 1 on his chart. This top coincided with a multi-day surge that lost momentum and reversed lower, leading to a series of smaller waves marked as 1, 2, 3, 4, and now 5. The analyst indicates that this fifth and final subwave is likely concluding a broader C wave (or 2nd wave if counting at a higher degree). Paul’s notations highlight a “GZ” (a “Golden Zone” commonly used by traders to pinpoint Fibonacci support clusters), and his markings pinpoint Fibonacci ratios that could define DOGE’s near-term floor. Related Reading: Buy Dogecoin Now? Analyst Says This Is the Spot The chart shows a cluster of key retracement levels spanning from $0.16 down to the mid-$0.11 range. Paul highlights Fibonacci levels at 61.8% around $0.160257 and $0.150508, alongside deeper retracements at 78.6% near $0.118726 and a 100% projection around $0.126709. These numeric zones appear to bracket the “GZ” in which Paul believes DOGE may complete its final subwave. According to the chart, the $0.12–$0.15 pocket stands out as the most critical price territory for bulls seeking to halt the ongoing downtrend. The path from the current price region toward this lower objective is labeled with a subwave count that suggests a final push beneath prior lows. Candlestick patterns on the chart confirm a sequence of lower highs and lower lows in recent weeks, a sign that the bearish momentum remains intact. Volume bars at the bottom indicate steady selling pressure accompanying downward impulses, in line with the view that DOGE could still be carving out its terminal leg of the correction. Related Reading: Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched? Paul’s use of Ichimoku Cloud settings shows that the price has consistently traded below the cloud since late January, indicating that DOGE has yet to reestablish any bullish momentum. The shaded green cloud area on his chart appears to have acted as dynamic resistance, backing up the notion that the market has remained in a corrective posture for several weeks. The analyst’s labeling of the waves beyond the purported bottom, marked as (1) to (5), suggests an expectation of an eventual upward cycle if and when the coin finds support in the “GZ” zone. While the chart projects a subsequent rally from the anticipated low, no guarantees exist that DOGE will definitely hold the $0.12–$0.15 band. Failure to do so would theoretically extend the corrective pattern and undermine the bullish wave count, but Paul’s annotation implies that he sees the current downswing as a last flush of sellers. In his own words, “DOGE 1D: A Subwave 5 drop setting up a wave C/2 finish in the GZ for DOGE,” suggests an expectation of a local bottom in this area, although the market’s overall direction will hinge on whether enough buyers step in at those Fibonacci levels. At press time, DOGE traded at $0.17 Featured image created with DALL.E, chart from TradingView.com

Dogecoin (DOGE) faces a critical juncture on its long-term price chart, according to prominent crypto analyst Ali Martinez. The widely circulated chart—originally shared via X and then dissected in a YouTube Short—shows DOGE trading within an ascending parallel channel that has guided its price action since 2014. Now, the meme-inspired cryptocurrency sits precariously above a key support zone that, if breached, could set off a severe drop. Dogecoin Crash Incoming? In the long-standing pattern Martinez highlighted, each time DOGE has bounced off the lower boundary of this ascending channel, it has climbed toward the upper resistance level. Conversely, DOGE has historically retreated back down to the lower boundary when it fails to break above the channel’s ceiling. This cycle has repeated through major swing highs in the 2017–2018 and 2021 periods, among others, underscoring how significant the channel’s lower trendline is for maintaining DOGE’s broader uptrend. Martinez’s chart also features multiple Fibonacci retracement and extension levels, providing insight into historically significant price points. These important horizontal thresholds are 0.236 Fib (around $0.0068), 0.382 Fib (around $0.0159), 0.5 Fib (around $0.0316), 0.618 Fib (around $0.0625), 0.786 Fib (around $0.1652), 1.272 Fib (around $2.74), and 1.414 Fib (around $6.24). Notably, the area around $0.16–$0.19 converges with the lower boundary of the ascending channel and the higher end of the Fibonacci range near $0.1650. Related Reading: Buy Dogecoin Now? Analyst Says This Is the Spot In his most recent YouTube Short, Martinez warned that a decisive break below the $0.19 support level could open the door for a crash toward $0.015, which aligns with the 0.382 Fib retracement. “Dogecoin could crash if it loses this level of support Dogecoin has been trading inside an ascending Channel since 2014. Dogecoin has tended to rebound from this Channel’s lower support trend line toward the upward resistance trend line and from this level Dogecoin tends to drop back to the lower support trend line and then it rebounds again repeating the whole cycle. But now Dogecoin is at a critical point if it breaks the $0.19 support level it could trigger a correction to $0.015,” he stated. Related Reading: Sell All Your Dogecoin If This Happens, Says Crypto Analyst A few days earlier, he noted on X that as long as the channel’s lower boundary at $0.16 holds, DOGE maintains a chance to rebound toward the mid-channel or even the upper trend line. “DOGE remains within an ascending parallel channel. As long as the lower boundary at $0.16 holds, a rebound toward the mid-channel at $2.74 or even the upper boundary at $6.24 remains a probability!” Martinez remarked. However, the bullish outlook hinges on DOGE preserving this vital support zone. Any confirmed drop below $0.16–$0.19 would likely confirm a significant bearish shift, paving the way for the steep corrective phase Martinez describes. Such a scenario would revisit price territory near $0.015, erasing gains Dogecoin has accumulated over several cycles. At press time, DOGE traded at $0.20. Featured image created with DALL.E, chart from TradingView.com

Dogecoin is trading above the $0.20 level after days of intense selling pressure and market-wide volatility. Bulls have lost control of the price action, and DOGE is now at risk of further declines if it fails to hold key support. The broader meme coin market has also been hit hard, contributing to Dogecoin’s struggles as sentiment remains weak. Related Reading: Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure? Top analyst Ali Martinez shared a technical analysis on X, revealing that DOGE is testing a high-time-frame support level around $0.18. This level has historically acted as a strong demand zone, making it crucial for bulls to defend it. If DOGE manages to hold above this support and reclaim the $0.22 level, a short-term recovery rally could be possible. However, if selling pressure persists and DOGE loses the $0.18 support, the next stop could be significantly lower. Market conditions remain uncertain, and traders are closely watching whether Dogecoin can stabilize or if further downside is on the horizon. The next few days will be critical in determining whether DOGE can recover or if it will continue to follow the bearish trend that has dominated the market in recent weeks. Dogecoin Testing Long-Term Demand Level Dogecoin is trading below the $0.25 mark, a key price level that will determine short-term direction. Analysts are warning of further downside risks as the market continues to face heavy selling pressure. The meme coin sector has been hit the hardest during this correction, and Dogecoin is leading the way with a 36% drop in the past two weeks. Sentiment remains bearish, and investors are looking for signs of stability before considering any potential recovery. Martinez shared a technical analysis on X, revealing that Dogecoin is trading above a critical support level around $0.18. This level is crucial for maintaining the long-term bullish structure. If bulls manage to hold above this mark, it could prevent further downside and provide a foundation for a recovery rally. Martinez also notes that DOGE is currently holding around the lower boundary of a macro ascending channel. Historically, this level has acted as a strong support zone for price rebounds. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift If Dogecoin holds this level, a massive rally could follow, potentially pushing the price back toward the $0.25 resistance level. However, if the support fails, DOGE could experience a deeper correction. The next few days will be critical in determining whether DOGE can sustain its bullish structure or if it will continue its downward trend. Crucial Phase For DOGE Price Action Dogecoin is trading at $0.20, sitting at a crucial short-term resistance level just below $0.21. Bulls are trying to regain control, but selling pressure remains strong, making it difficult for DOGE to break above this key price point. If bulls successfully reclaim the $0.21 level and push above the $0.25 mark, a strong rally into higher prices could follow, potentially shifting market sentiment in favor of buyers. However, the downside risk remains significant. If DOGE fails to hold its current levels and loses support at $0.18, it could trigger a deeper correction, pushing the price toward lower demand zones. This level has historically acted as a critical support for Dogecoin, and losing it could lead to further sell-offs in the broader meme coin market. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown – Analyst Forecasts A Big Move The next few trading sessions will be crucial in determining the direction of DOGE. A breakout above resistance could signal the start of a recovery, while a failure to hold key levels may result in further bearish momentum. Traders are watching closely for confirmation of either scenario as meme coins continue to face heavy volatility in the current market conditions. Featured image from Dall-E, chart from TradingView

The Dogecoin price is down more than -57% from its December 8 high at $0.4843, but a bottom could be near. In a technical analysis shared on X, Rose Premium Signals (@VipRoseTr) highlights a potentially bullish setup for Dogecoin (DOGE), fueled by a classic “Cup & Handle” pattern. Dogecoin Cup And Handle Could Emerge According to the chart, the DOGE price could face a last leg down before it will find its low near the $0.16896 support zone. This level marks the base of a possible Cup & Handle pattern—a formation characterized by a rounded “cup” followed by a smaller consolidation or “handle.” Technically, the cup phase reflects the market’s effort to find a bottom, while the handle phase often takes shape as a brief pullback or sideways movement before a potential breakout. The pivotal zone for DOGE’s next move appears to be near $0.29124. If price rallies above this threshold, it would likely confirm the Cup & Handle formation and could trigger a robust upward swing. The chart suggests that traders may interpret a decisive daily or weekly close above $0.29124 as a confirmation signal, potentially ushering in bullish momentum. Related Reading: Long-Term Dogecoin Holders Are In “Denial” – On-Chain Metrics Expose Weakness “DOGE is showing strong bullish potential as it approaches a key reversal zone. Price has reached the $0.16896 support, aligning with a potential Cup & Handle formation. A breakout above $0.29124 could confirm a rally toward new highs,” Rose Premium Signals writes via X. In terms of upside objectives, Rose Premium Signals indicates that DOGE could climb toward the $0.50 – $0.60 range if the Cup & Handle pattern plays out as anticipated. This target corresponds to historical zones of increased trading activity and psychological levels that often capture traders’ attention. The analysis further notes potential for further upside, hinting that Dogecoin’s trajectory may extend beyond $0.60 should positive sentiment intensify. “Long-term target sits near $0.50 – $0.60, with potential for further upside. If momentum continues, Dogecoin could reclaim its meme coin throne and push toward higher levels,” the analysts say. Related Reading: If Dogecoin Falls Below This Level, A Freefall To $0.06 Is Possible: Analyst This commentary underscores DOGE’s capacity to reclaim its status among top meme coins. While the recent memecoin mania has flooded the market with thousands of smaller tokens, diverting attention from the original memecoin, Dogecoin, the landscape may be shifting. Following the burst of the memecoin bubble— which peaked with TRUMP, MELANIA, and LIBRA— focus could soon return to DOGE as traders seek more established assets in the space. From a technical perspective, a decisive breakout with sustained momentum could reignite both retail and institutional interest, propelling DOGE toward higher resistance levels and confirming the potential Cup & Handle pattern. At press time, DOGE traded at $0.207 Featured image created with DALL.E, chart from TradingView.com

In a post on X today, crypto analyst Satoshi Flipper (@SatoshiFlipper) shared a daily chart of DOGE/USDT on Binance that highlights what he calls a “monster falling wedge.” The chart shows Dogecoin’s price moving within two converging trendlines—one descending from the coin’s recent swing highs, and the other descending at a shallower angle from its short‐term lows, forming a classic wedge structure. Buy Or Sell Dogecoin Now? According to the chart, Dogecoin is currently trading in the $0.21–$0.22 range, hovering just above the wedge’s lower boundary. This trendline extends from the coin’s mid‐December levels—when Dogecoin first began its downward trajectory—through its successive lower lows, culminating near the apex in early March. Meanwhile, the upper boundary of the wedge connects a series of descending peaks from the coin’s local highs, including one in mid-January, sloping downward into the same apex region. A ‘falling wedge’ is typically viewed by technical traders as a potential bullish reversal pattern, particularly when accompanied by decreasing volume during the consolidation phase. The idea is that as sellers become exhausted, buyers may begin stepping in near the wedge’s support line, driving price momentum upward once the resistance line is broken. Related Reading: If Dogecoin Falls Below This Level, A Freefall To $0.06 Is Possible: Analyst In the chart Satoshi Flipper shared, a dashed arrow projects a possible bullish move if Dogecoin can decisively break above the wedge’s top boundary. While no guarantees exist in crypto markets, this hypothetical trajectory arcs from current price levels around $0.21 to as high as the $0.50 region by late-April. The chart also shows a notable horizontal support zone below the market, hovering around $0.10–$0.15, which dates back to Dogecoin’s earlier base before its large run‐up. Meanwhile, sentiment among other crypto analysts on X appears divided. Carlos Garcia Tapia (@CAGThe3rd) cautions that he sees “h patterns everywhere” and suggests a potential retracement before the next leg down: “Sad to say, this is all cooked, bois. DOGE 14 cents :(“ In response to another user who was unfamiliar with the “h pattern,” Tapia reiterated his view of a likely downward move. “Pretty much a retracement before the next leg down,” he stated. “This contrasts with the more optimistic stance from Suzzy | DeFi (@SuzzyDefi), who highlighted a strong wick off the $0.19–$0.20 support zone: Related Reading: Dogecoin Warning: One Level Could Trigger A Surge, Says Analyst “Took a glance at DOGE, and I just spotted a strong wick off the $0.19 – $0.20 support, giving me serious bullish vibes! Buyers are stepping in, and if we see a green candle next, DOGE could be heading toward $0.25+ soon.” At press time, DOGE traded at $0.20635. Featured image created with DALL.E, chart from TradingView.com

In his latest livestream, crypto chartist Kevin drilled down on Dogecoin’s price action, stressing both caution and optimism for the popular meme coin. Speaking to his YouTube audience, Kevin acknowledged Dogecoin’s history of dramatic price swings yet underlined that critical technical levels could spark the next substantial move. When Will Dogecoin’s Next Big Move Be? Kevin noted Dogecoin’s pattern of large retracements followed by new highs in previous bull markets. “Look at these moves, right? Every single pullback that Dogecoin got in the previous bull market—56%, 57%, 53%—all led to new highs,” he said, emphasizing the coin’s cyclical nature. He also compared Dogecoin’s pullbacks from 2022 onward to what happened in its earlier cycles: “In this bull market so far, Dogecoin had a 65% correction, now it’s had a 58% correction. We’re doing the same thing that we’ve always done.” Despite Dogecoin’s tendency to rebound, Kevin underscored specific threshold levels that need to be recaptured. “Doge has a mission to accomplish, and that is to get back above the macro golden pocket and the weekly bull market support band, which is now at $0.30,” he explained. From his perspective, “If Dogecoin starts closing weekly candles above $0.30, I have no doubt in my mind that we will come back up to the macro 0.786 [Fibonacci level] … that $0.48-level, and then probably head higher from there.” When asked about Dogecoin’s current outlook, Kevin cautioned that market conditions—and particularly Bitcoin’s performance—would have the final say. “Dogecoin is not going to drive the market; it’s going to go where Bitcoin’s going.” If Bitcoin remains sideways or dips further, Dogecoin could stall below that $0.30 barrier. His broader thesis is that the crypto market at large, including Dogecoin, is paused in a state of anticipation. Kevin believes key policy changes—such as an end to quantitative tightening (QT), improved inflation data, or interest-rate cuts—could serve as the catalyst for another altcoin rally. Because Dogecoin often closely tracks the general sentiment around Bitcoin and total market cap, broader macro shifts would likely dictate its trajectory. “Nothing’s changed on Doge […] at any time, it can come down and take this wick down at the $0.20 level. For now, the path of least resistance is down,” Kevin added. Nonetheless, he stressed this could change abruptly if overall market sentiment improves and Bitcoin begins to rally. Overall, Kevin stressed that broader market factors—such as changes in US monetary policy or an overall jump in crypto market confidence—could “flip the switch” for Dogecoin. A strong macro tailwind, he believes, would likely pull DOGE decisively above $0.30, setting the stage for a run back toward $0.48. At press time, DOGE traded at $0.232. Featured image created with DALL.E, chart from TradingView.com

In a technical update posted on X, crypto analyst More Crypto Online (@Morecryptoonl) presented a one-hour DOGE/USD chart (Binance) illustrating a precarious sideways movement and a potential turning point for the meme coin. At press time, Dogecoin is stuck around the $0.25 region, barely moving after a substantial drop in early February, with little to confirm a definitive bottom in place. Dogecoin Stuck In Limbo From the chart’s labeling, the analyst employs a blend of Elliott Wave counts and Fibonacci retracement levels to map out Dogecoin’s possible next steps. Notably, a broad corrective sequence labeled as (1), (4), C, A, B, W, X, Y highlights multiple overlapping waves—indicative of an extended correction rather than a simple price pullback. In the latest leg downward, the analyst’s markings show a major swing low around $0.21–$0.22, which coincides with a potential wave (4) on the chart, although there is an “alt 4?” label suggesting this may still be an alternative count which drags the DOGE price even deeper in one last correction. The Fibonacci retracements and extensions plotted in the $0.22–$0.24 region, with key levels including the 50% retracement at $0.2446, a 78.6% level near $0.2206, and a 100% extension around $0.2338, are key support levels. These overlapping zones show where DOGE’s price bounced and consolidated over the past several sessions. Related Reading: Dogecoin Could Collapse If This Support Fails, Analyst Warns Despite the intricate wave structure, the analyst points out there is “no clear confirmation of a bottom.” The price has been range-bound in the mid-$0.25 territory, lacking the momentum usually seen in robust trend reversals. More Crypto Online underscores two primary levels overhead that could confirm a bullish reversal: $0.293 – Breaking above this zone may offer the first tangible indication that buyers are taking control and $0.341 – A close above $0.341 would serve as a stronger confirmation of trend reversal and likely invalidate current lower-wave counts. Related Reading: Dogecoin Repeating History? This Setup Led To 150% Gains Until these thresholds are breached, the analyst remains cautious, noting that while they “lean toward the low being in,” there is still no definitive evidence to support it. A crucial observation is the muted bounce off recent lows while the Bitcoin price saw a strong move upwards on Thursday. According to the chart, each subsequent uptick has been shallow, failing to gain meaningful traction and hinting that sellers remain active. This underscores the broader uncertainty. If buyers cannot push above $0.293 soon, Dogecoin’s sideways drift could persist. A deeper dip below $0.22 could give rise to a more extended corrective pattern, labeled on the chart as (5) or C, challenging bullish hopes that the last swing low is the cycle bottom. In the words of the analyst: “Despite some charts showing strong moves today, the DOGE price has remained stagnant, with no clear confirmation of a bottom. The price continues to move sideways, lacking decisive momentum. A break above $0.293 would be the first step in signaling a potential reversal, with stronger confirmation coming from a move beyond $0.341. While I lean toward the low being in, there’s still no definitive evidence. So far, the upside move from the last low has been too small to be meaningful.” At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

Dogecoin has once again dipped into oversold territory on its 4-hour chart on Tuesday, marking the most pronounced level of selling pressure since the sudden capitulation on February 3. During that episode, the price plunged to around $0.20 before rebounding by 45% within the same trading day—a move that underscored how quickly Dogecoin can rally from oversold conditions. Dogecoin Price Plunges Into Oversold Zone In an analysis today, crypto Analyst Cas Abbé (@cas_abbe) highlights an RSI reading that has dipped to 30 on Tuesday, indicating that selling pressure may be nearing its limit. Dogecoin’s path to this oversold level began after it failed to maintain momentum near $0.28. The cryptocurrency currently trades around $0.25, a zone that Abbé identifies as historically prone to strong support. He suggests that negative sentiment toward memecoins triggered by the LIBRA meme coin disaster by Argentinian President Javier Milei appears to have reached unprecedented lows. This, according to him, could paradoxically create an attractive accumulation opportunity. Related Reading: Dogecoin Repeating History? This Setup Led To 150% Gains Abbé projects that Dogecoin could stage a short-term push to $0.30, a psychologically significant level that coincides with prior resistance. A move beyond $0.30 could open the door for a test of the yearly high, although a sustained uptrend may hinge on how broader market sentiment evolves and whether broader risk-appetite improves. “DOGE has reached its most oversold level since the February 3rd capitulation. Sentiment for memes has reached an all-time low, which also presents a good opportunity to accumulate cult memecoins. I’m expecting a short-term move towards $0.3, followed by a new yearly high,” Abbé concludes. Related Reading: Dogecoin Crash Signal Flashes: Analyst Warns Of A Potential 40% Drop On Monday, Abbé also discussed a recurring bullish pattern visible on the 3-day chart of Dogecoin. He traced three distinct descending channels in Dogecoin’s price action—one in Q4 2023, another in Q3 2024, and the current one unfolding in early 2025. In both of the previous instances, Dogecoin broke above the descending channel’s upper boundary, sparking gains exceeding 150%. Abbé points out that Dogecoin appears to be following a similar downward-sloping channel today, ranging from approximately $0.36 at its upper boundary to around $0.24 at its lower end. If the same pattern holds true, a decisive break above the channel’s resistance could trigger another triple-digit percentage rally. However, if Dogecoin moves below that lower boundary, the bullish setup observed in the prior two breakouts would face potential invalidation. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Dogecoin’s price action. The 3-day chart highlights three distinct descending channels in Dogecoin’s history—one during Q4 2023, another in Q3 2024, and the current one in early 2025—that each preceded major price surges of over 150%. Dogecoin’s 150% Breakout Pattern Is Back Abbé writes via X: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” The chart illustrates how Dogecoin formed a downward-sloping channel in Q4 2023 before breaking out around late December of that year and rallying by more than 150% in subsequent weeks. A similar formation emerged in Q3 2024, with Dogecoin again trading within tight descending trendlines before pushing through the channel’s upper boundary. That breakout yielded another sizeable price move, once again exceeding 150%. Now, Abbé points out that Dogecoin appears to be mirroring those past setups, trading within what he identifies as a “bullish descending channel.” Price action on the 3-day timeframe shows Dogecoin bouncing between parallel trendlines that slope downward from roughly $0.36 at their highest to around $0.24 at their lowest. If this pattern follows the same trajectory as in 2023 and 2024, Abbé suggests a significant upside could be in store once the token decisively breaks the channel’s resistance. The DOGE price is currently at the lower end of the channel, which could signal a buying opportunity. However, a break to the downside could invalidate the bullish setup from the past. Beyond short-term market sentiment—still subdued for meme-based cryptocurrencies—Abbé points to Dogecoin’s decade-long presence in the crypto landscape as evidence of the coin’s staying power. He noted: “I know sentiment for memes is down a lot, but $DOGE has been in this space for a decade and will continue to be here. A $1 DOGE is a realistic price target for this cycle.” Although no guarantee exists that history will replicate itself precisely, Abbé’s chart underlines a consistent technical structure that has preceded Dogecoin’s sharp moves in the past. Buy Signal Confirmed? Meanwhile, another analyst, Ali Martinez (@ali_charts), offered a shorter-term view. Sharing his thoughts via X, Martinez said the TD Sequential indicator on the 4-hour chart is showing a buy signal, which often hints at an impending shift in momentum. “Dogecoin could be gearing up for a rebound, as the TD Sequential indicator flashes a buy signal on the 4-hour chart!” Martinez writes via X. The TD Sequential is widely followed by technical traders for its ability to time local price tops and bottoms. However, one user questioned Martinez’s commentary, pointing out that the analyst had mentioned a “death cross” between the MVRV Ratio and its 200-day moving average just yesterday. Martinez countered by emphasizing the natural ebb and flow of all markets: “Tell me an asset that goes in one direction in a straight line.” At press time, DOGE traded at $0.25456. Featured image created with DALL.E, chart from TradingView.com

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

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

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

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

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

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

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

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

Dogecoin (DOGE) has experienced significant volatility over the weekend, capturing the spotlight as investors gear up for what could be a pivotal week in the cryptocurrency market. With President-elect Donald Trump set to assume office today, market sentiment around Dogecoin and other digital assets has turned increasingly bullish. Speculation about pro-crypto policies and heightened interest in meme coins have fueled optimism, making Dogecoin one of the most watched assets. Related Reading: Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’ Renowned analyst Ali Martinez shared a technical analysis on X, shedding light on Dogecoin’s promising outlook. According to Martinez, DOGE is trading within a multi-year ascending parallel channel, a formation that suggests strong bullish momentum. This channel projects a potential price target of $15, signaling substantial upside if the bullish trajectory continues. Martinez emphasized that as long as bulls maintain their momentum, Dogecoin appears poised for a massive rally. As Dogecoin holds its ground and attempts to break higher, the cryptocurrency is once again demonstrating its ability to capture attention and lead market narratives. With technical indicators aligning and a wave of optimism sweeping through the market, all eyes are on DOGE to see if it can capitalize on this momentum and deliver the explosive rally many investors are hoping for. Dogecoin Price Set For A Rally Dogecoin is navigating heightened volatility as its price pushes above critical liquidity levels, capturing the attention of traders and analysts alike. The market’s bullish momentum is intensifying, with many calling for a decisive push above the $1 mark as the broader cryptocurrency market heats up. This milestone would mark a significant turning point for DOGE, setting the stage for further gains. Top analyst Ali Martinez recently shared a compelling technical analysis on X, highlighting Dogecoin’s promising outlook. According to Martinez, DOGE is currently trading within a multi-year ascending parallel channel, a bullish formation that suggests significant upside potential. The channel projects a price target of $15, which, if achieved, would represent a historic move for the popular meme coin. Martinez emphasized that reclaiming key liquidity levels of supply in the coming days is crucial for sustaining this bullish trajectory. The market’s optimism around Dogecoin is also bolstered by broader macroeconomic factors. With President-elect Donald Trump set to assume office, speculation about pro-crypto policies is driving renewed interest in digital assets, particularly high-profile coins like DOGE. Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight If Dogecoin continues to reclaim critical levels and maintain its momentum, the resulting push could be substantial. Investors are closely monitoring the price action, as a breakout above $1 would likely trigger heightened market activity and reinforce Dogecoin’s role as a leading asset in the meme coin category. As the market anticipates the next move, Dogecoin’s potential for explosive growth makes it one of the most closely watched cryptocurrencies in this bullish phase. DOGE Testing Supply Dogecoin is currently trading at $0.38, following a sharp 11% surge in just a few hours. This recent upward momentum has reignited bullish sentiment among investors, but DOGE still faces critical resistance levels that it must overcome to maintain its rally. Reclaiming the $0.43 level is essential for bulls to sustain momentum, as this would signal renewed confidence and set the stage for a push toward multi-year highs around $0.48. Breaking above the $0.48 mark would mark a significant milestone for DOGE, potentially triggering a larger rally as the cryptocurrency enters uncharted territory. However, failure to reclaim these levels could lead to a period of consolidation, with the price potentially falling below $0.34. Such a scenario might invite extended selling pressure, challenging Dogecoin’s recent gains and testing investor resolve. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH As volatility remains high, traders are closely watching DOGE’s ability to hold key support levels while targeting critical resistance zones. The next few days will be pivotal in determining whether Dogecoin can build on its recent momentum or face a temporary setback. For now, the market remains optimistic but cautious as DOGE navigates these crucial levels in its ongoing rally. Featured image from Dall-E, chart from TradingView.

A key technical development on the Dogecoin (DOGE/USD) chart could hint at a bullish move if current support levels hold, according to crypto market analyst Kevin (@Kev_Capital_TA). After roughly a month in a downward-sloping pattern, DOGE appears to be rebounding off the former resistance line of this channel—an event that often garners attention among traders looking for an upswing. Dogecoin Price Ready To Skyrocket? On Sunday (Jan 19), Kevin noted that Dogecoin had been “trading in a falling channel for over a month” and was “currently back testing” the channel’s upper boundary. He emphasized that it was crucial for DOGE “to hold this and bounce,” noting that failure to do so might force a “reassessment” of the chart. Thus far, it seems the cryptocurrency is managing to defend its newfound support. DOGE briefly dipped to about $0.345 before closing two deep wick four-hour candles back above the trend line. Kevin pointed out this “nice bounce off the retest” and its alignment with key four-hour moving averages, suggesting the potential for higher prices. Related Reading: Dogecoin’s Bullish Push Gains Steam, A Retest To $0.4 Ahead At press time, Dogecoin sits around the $0.38–$0.39 level, showing resilience at its former resistance-turned-support. Kevin noted: “Dogecoin is catching a nice bounce off the retest of the falling channel I have been tracking along with its key 4HR moving averages. Very nice.” Despite Dogecoin’s promising technical setup, Kevin stressed that altcoins remain heavily dependent on Bitcoin’s direction and market dominance. He referred to the ongoing crypto cycle, asserting that “we have never been in an altseason” so far in this bull run. According to Kevin, altcoins will not “durably outperform the King” unless BTC dominance falls below the 54.51% threshold and USDT dominance sinks beneath 3.7%. Related Reading: Dogecoin Leads The Pack As Dog-Themed Coins Rally – “Trump Effect” Sparks Excitement He also observed that Bitcoin dominance was nearing 59%, effectively “attacking the macro golden pocket” and potentially threatening altcoin performance. If BTC reestablishes its lead above these critical dominance levels, Kevin believes the short-term outlook for most altcoins—Dogecoin included—may remain constrained, even if their individual charts look constructive. Another factor adding turbulence to the crypto market is the recent memecoin launch by incoming US President Donald Trump. Kevin lamented that, in his view, the crypto market had been “the healthiest” it had looked in four years—highlighting how higher-quality utility coins were gaining traction and how investors seemed to be “fleeing to quality left and right.” However, he claims that “in just 36 hours,” those close to Trump released a memecoin that derailed this dynamic, sparking renewed meme coin speculation and pulling many solid projects down by double-digit percentages. Despite describing this frenzy as a “temporary derailment,” Kevin believes the situation will eventually stabilize: “It may take a few weeks, but I still think we’re in a very good spot.” For Dogecoin, the immediate signal to watch is whether it can continue holding above its retested channel line. A decisive bounce above the $0.40-$0.41 region could bolster the bullish case, especially if broader market conditions remain supportive. On the other hand, any surge in Bitcoin dominance—and the possible return of heightened meme coin mania—may introduce fresh headwinds. At press time, DOGE traded at $0.38. Featured image created with DALLE, chart from TradingView.com

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

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

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 (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

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

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

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

  Over the past 12 days, Dogecoin (DOGE) has endured a sharp decline, shedding more than 40% of its value. After trading above $0.48 on December 8, the meme-inspired cryptocurrency briefly sank to $0.2638 by December 20, prompting a wave of speculation about its near-term direction. The backdrop to this drawdown has been the broader crypto market’s response to US Federal Reserve policy signals, with the latest downturn largely attributed to more hawkish projections from the Federal Open Market Committee (FOMC). While the Fed’s December meeting delivered a widely expected 25 basis point rate cut, the real shock came from the revised dot plot, which pointed to fewer future cuts than previously anticipated. The market had hoped for three rate cuts in 2025, but the FOMC’s guidance now leans toward just two, suggesting a more cautious approach amid persistent inflationary pressures. This shift in outlook triggered broad-based selling in risk-on assets, including cryptocurrencies. Bitcoin (BTC) dropped below $93,000, and altcoins -20% drawdowns. Within 24 hours, a staggering $1.17 billion in long positions were liquidated across the crypto markets. How Low Can Dogecoin Go? A number of prominent analysts have weighed in on DOGE’s retreat, framing it within the context of historical patterns and macro-level drivers. Technical analyst Kevin (@Kev_Capital_TA) highlights the significance of previous cycles. He notes that, historically, Dogecoin has experienced multiple significant corrections en route to its cycle tops, stating that the current pullback—similar to past 50% drawdowns—could be part of a normal bull market structure rather than a sign of systemic weakness. Related Reading: Dogecoin Trading Volume Rises Over $6.5 Billion As Liquidations Cross $31 Million, What’s Going On? According to Kevin, “In the previous cycle Dogecoin had three separate 50% corrections on the way to its cycle top. If we tap macro structured support and the macro golden pocket right below that would be roughly a 45% correction from the high which based off historical analyses would be just enough for us to resume uptrend. If we lose $0.26 cents on a weekly close then I would start to seriously worry about this market structure but until then this should be treated as a normal bull market pullback.” Kevin also underscores Bitcoin’s influence over the altcoin landscape. Instead of focusing solely on DOGE’s standalone chart, he encourages traders to “not be hyper focused on altcoin charts” to gauge the market’s macro direction. BTC remains the pivotal asset whose price action often dictates sentiment across the broader crypto space. Kevin illustrated this point by sharing a BTC/USDT liquidation heatmap, suggesting the market may seek to flush out lower liquidity pockets before any meaningful rebound. “Let’s go snag all that liquidity at $95K-90K and then we can start talking about a bounce. Until then no reason to over analyze. From a fundamental standpoint the market is overreacting to what Powell is saying and not actually listening to him. Just because rate cut projections,” he writes. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ Balo (@btcbalo), another crypto analyst, reinforces the importance of the $0.26 level. He points out that Dogecoin “still has a few days to save the weekly,” indicating that a weekly close above this threshold would maintain a structurally sound market framework. A successful defense of the $0.26 zone could set the stage for a renewed uptrend, potentially targeting a return to $0.42—what Balo views as a critical pivot point. Reclaiming $0.42 would, in his words, allow DOGE to “teleport” toward the $4 mark, a scenario he associates with a full-scale bull run recovery. A third analyst, CEO (@Investments_CEO), brings a historical perspective, suggesting that DOGE’s current pattern aligns with its multi-year cyclical nature. “DOGE appears to be aligning with its typical 3-4 year cycle. Zoom out,” he states. The analyst refers to DOGE’s price action following its previous cycle fractal. Back in 2021, Dogecoin experienced its first major run-up approaching its all-time high (ATH). After a 50% correction, DOGE resumed its rally, broke through the ATH, and then entered price discovery. As mentioned earlier, this scenario could align with the $0.26 price target. At press time, DOGE traded at $0.26919. Featured image created with DALL.E, chart from TradingView.com

The Dogecoin (DOGE) price appears primed for a significant bullish reversal, supported by technical indicators and market sentiment data. Despite recent downward pressures, several factors suggest a potential upward trajectory for the popular memecoin. #1 Dogecoin Bounces Off Key Support Level (1D Chart) Crypto analyst CRG (@MacroCRG) highlighted the resilience of Dogecoin and PEPE, another prominent memecoin, stating, “DOGE + PEPE both bouncing from important areas. The memecoin demise is greatly exaggerated IMO. Next leg up gonna take many by surprise.” CRG’s technical analysis reveals that DOGE has maintained a daily close above the critical support level of $0.385 for nine consecutive days, despite substantial selling pressure. Similarly, PEPE has sustained crucial support, indicating that the “memecoin season” might be making a comeback imminently. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ For Dogecoin, the short-term resistance zone at $0.42 remains a pivotal level. CRG suggests that a break above this threshold could signal the onset of a new bull run, potentially catching many investors off guard. #2 Bullish Market Structure (4-Hour Chart) Further technical insight comes from crypto analyst Gonzo (@GonzoXBT), who provided a technical breakdown of Dogecoin’s price action. Gonzo explained, “DOGE 4H EMA100 -> acting as resistance 4H EMA200 -> acting as support. Until we flip 4H EMA100 we will just chop in between, don’t want to see it lose 4H EMA200 tho.” This analysis underscores the importance of the 4-hour exponential moving averages (EMAs) in determining short-term price movements. The 4H EMA100 currently serves as a resistance level, while the 4H EMA200 offers support. A sustained breach above the 4H EMA100 could facilitate an upward breakout, whereas a failure to maintain above the 4H EMA200 might lead to further consolidation or decline. #3 Trading Against The Crowd Crypto analyst Ali Martinez (@ali_charts) presented another bullish perspective on DOGE’s immediate outlook. He noted, “Market sentiment for Dogecoin has turned negative. It seems as if traders are getting impatient during the ongoing price consolidation!” Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle Martinez’s analysis, based on Santiment data, indicates a sharp decline in both search volume and Weighted Sentiment. Specifically, Weighted Sentiment has plummeted to its lowest point since mid-October, while search volume has dropped to levels not seen since early November. Martinez speculated on potential catalysts that could quickly reignite positive momentum for Dogecoin, referencing the establishment of the new US Department of Government Efficiency under the leadership of Elon Musk. He suggested, “Or you can wait the first POPULAR action of the Department of Government Efficiency.” #4 Liquidation Dynamics Indicate Potential Upside Adding another layer to the bullish thesis, crypto analyst Carlos Garcia Tapia (@CAGThe3rd) shared insights into the liquidation heatmap over the past three days, commenting, “FOMO longs just got liquidated on the 3D chart. DOGE.” The heatmap by Coinglass illustrates a significant liquidation of leveraged long positions clustered between $0.393 and $0.385 over the past two days. But there’s a bullish caveat: with the majority of longs now liquidated, the remaining liquidation cluster is positioned around the $0.42 mark. This setup suggests that Dogecoin could experience a bullish candle formation, potentially triggering further liquidations of bearish positions and propelling the price upward. Why? Because liquidation heatmaps are valuable tools in forecasting price movements as they reflect the underlying market liquidity and leverage dynamics. These heatmaps highlight where traders are most susceptible to forced liquidations, acting as psychological and technical barriers. When the price approaches these levels, large market participants can influence price direction by triggering a cascade of liquidations, thereby amplifying the resultant price movement. At press time, DOGE traded at $0.3843. Featured image created with DALL.E, chart from TradingView.com

Dogecoin is testing demand above the $0.40 level following several days of consolidation below its yearly high of $0.484. This period of choppy price action has kept traders on edge, as Dogecoin’s price appears poised for a decisive move. Despite the temporary pause in upward momentum, market sentiment remains optimistic, with many investors anticipating another breakout. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon Top analyst and trader Hardy recently shared a technical analysis highlighting Dogecoin’s potential for a massive price surge. According to Hardy, it’s only a matter of time before DOGE breaks into new all-time highs. His analysis suggests that Dogecoin is building a strong foundation, and continued consolidation at current levels is a bullish signal. If Dogecoin maintains support above $0.40, the stage could be set for a significant rally in the coming weeks. However, much will depend on broader market conditions and the ability of DOGE to sustain buying pressure. All eyes are on its ability to overcome resistance and resume its bullish trend. With whale activity and trading volumes showing signs of growth, Dogecoin could soon retest its highs, ushering in a new chapter of price discovery. Dogecoin Consolidates At Current Levels Dogecoin is consolidating below its yearly high of $0.484 after an impressive rally, and it appears this phase of sideways movement may persist for some time. While the price action has calmed, investor sentiment remains notably optimistic, with many viewing this consolidation as a stepping stone toward even higher price levels. Top analyst and trader Hardy recently shared a detailed technical analysis on X, offering a bullish outlook for Dogecoin. According to Hardy, DOGE’s current price action is a healthy consolidation within a broader uptrend. He emphasized that the asset is building a solid base, which increases the likelihood of a significant breakout. Hardy’s projection suggests that Dogecoin is poised to surpass its yearly high and is also on track to achieve a new all-time high (ATH). In his analysis, Hardy highlighted key support levels around $0.40 and $0.36, indicating these areas as crucial for maintaining the bullish structure. He also mapped out a potential price trajectory, predicting that Dogecoin will consolidate at current levels for several weeks before resuming its upward momentum. His optimistic target for DOGE is $2, which he believes could be reached if the broader market remains favorable and buying pressure intensifies. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength While consolidation may test the patience of traders, Hardy’s analysis aligns with the broader view that Dogecoin is preparing for another major leg up. A new ATH could be just around the corner as long as it holds key support levels and sentiment remains positive. DOGE Price Action: Key Levels To Watch  Dogecoin (DOGE) trades at $0.40 after a 24% retrace from its local highs. Despite this pullback, the price has exceeded this key demand level, signaling resilience among bulls. Market participants are closely watching the $0.40 zone, representing a critical point for determining the next move in DOGE’s price action. If DOGE can reclaim the $0.43 level in the coming days, it would likely set the stage for a retest of its yearly high at $0.484. A breakout above this resistance could reignite bullish momentum and pave the way for further upside, potentially attracting renewed interest from traders and investors. However, maintaining support and gaining traction is essential for this scenario to unfold. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday – Details On the flip side, losing the $0.40 level could signal that bearish sentiment is gaining market control. In this case, DOGE might face a deeper correction, with the next critical support levels likely emerging near $0.36. Such a move would challenge the bullish outlook and delay DOGE’s efforts to reach new highs. Featured image from Dall-E, chart from TradingView