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Dogecoin (DOGE)  is once again making waves in the crypto market. This time, it’s due to a fascinating technical pattern forming on its price chart: a symmetrical expanding triangle. Known for signaling periods of heightened volatility and potential breakout opportunities, this pattern has traders and investors on the edge of their seats, wondering what’s next for DOGE. The symmetrical expanding triangle is a rare and dynamic formation, marked by its widening price range and converging trendlines. For Dogecoin, this pattern reflects a tug-of-war between bulls and bears, with neither side gaining a clear upper hand yet. As the triangle continues to develop, the likelihood of a decisive price movement grows, setting the stage for an explosive breakout or breakdown. Analyzing Dogecoin’s Current Price Action Within The Expanding Triangle Dogecoin’s price action within the symmetrical expanding triangle suggests heightened market indecision as both bulls and bears attempt to assert dominance. The widening nature of the triangle indicates increasing volatility, with each price swing becoming more extreme. Related Reading: Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery? Currently, DOGE is oscillating between the upper resistance trendline and the lower support trendline of the expanding triangle. Each swing is becoming more pronounced, with a higher high of $0.2923 and a lower low of $0.2403, reflecting increasing market uncertainty and aggressive trading activity.  These key support and resistance trendlines will determine the next major move. If buyers push the price toward the upper boundary, a breakout could signal a bullish continuation. Conversely, a drop toward the lower trendline hints at a possible bearish breakdown.  Volume trends and technical indicators like RSI will provide further confirmation of market sentiment as DOGE approaches a decisive move. A rising RSI toward the 50% threshold may indicate a strengthening upside momentum, whereas a continued downward move might reinforce the bearish outlook. Furthermore, an uptick in volume alongside a price surge would support a sustained rally while declining volume leads to weakening conviction among market participants. Key Levels To Watch For A Confirmed Breakout As DOGE continues to trade within a symmetrical expanding triangle, identifying key levels for a confirmed breakout is crucial for traders and investors. When a bullish or bearish breakout occurs, it could signal the start of a new trend, making it essential to monitor these levels closely. Related Reading: Dogecoin Rally To $0.35 Could Trigger Massive Short Squeeze Specifically, a strong close above the upper boundary of the pattern near $0.2923, coupled with a notable surge in trading volume, would confirm an upward breakout. This move will probably pave the way for further growth, driving the price toward $0.3563 or beyond. However, If DOGE fails to hold support near $0.2403, selling pressure could intensify, pushing the price down to $0.1800 or lower. A sustained bearish move below this level points to a deeper correction, bringing historical support zones into focus. Featured image from Adobe Stock, chart from Tradingview.com

Dogecoin started a fresh decline below the $0.270 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2550. DOGE price started a fresh decline below the $0.270 and $0.260 levels. The price is trading below the $0.260 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.2560 and $0.2600 resistance levels. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline from the $0.2840 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.260 support levels. It even spiked below $0.250. A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.2830 swing high to the $0.2420 low. The price even cleared the $0.2500 resistance level. Dogecoin price is now trading below the $0.260 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2550 level. There is also a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.2620 level or the 50% Fib retracement level of the downward wave from the $0.2830 swing high to the $0.2420 low. The next major resistance is near the $0.2670 level. A close above the $0.2670 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.260 level, it could start another decline. Initial support on the downside is near the $0.2480 level. The next major support is near the $0.2420 level. The main support sits at $0.2350. If there is a downside break below the $0.2350 support, the price could decline further. In the stated case, the price might decline toward the $0.2220 level or even $0.2150 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2480 and $0.2420. Major Resistance Levels – $0.2600 and $0.2620.

A known crypto investor made a bold claim that Dogecoin is the king of all cryptocurrencies, stirring a debate and discussion among members of the cryptocurrency community. Global Macro Investor founder and CEO Raoul Pal believes that the popular meme coin is capable of becoming “the hardest money ever created,” citing how Dogecoin has outperformed Bitcoin historically. Related Reading: TRUMP Coin Spikes 17% As Arthur Hayes Says It Could Outperform Bitcoin ‘Greatest Chart Of All Time’ Pal asserted the superiority of the prominent meme coin to Bitcoin, saying that its dominance could make it the “hardest” currency ever created. The top executive’s recent statement made ripples in the crypto community by making a strong argument that Dogecoin is better than the firstborn cryptocurrency, Bitcoin. One of the most WILD things in all of crypto is that $DOGE has proven to be harder money than $BTC and has outperformed by 550% since launch (10 years!) and looks like it might even to continue to outperform over time!???? What a time to be alive… pic.twitter.com/3EXQFEzPsb — Raoul Pal (@RaoulGMI) November 24, 2024 In a recent broadcast on his X account, the Global Macro Investor CEO showed the chart of Dogecoin, which he described as super-bullish, branding it as the “greatest chart of all time.” Pal is known to be a staunch supporter of Dogecoin and previously revealed that the popular meme coin is among his favorite assets. The advisory publication executive has disclosed in previous interviews that he owns a large concentration of Dogecoin in his portfolio. Join me for Drinks… https://t.co/yl7VSaYeHt — Raoul Pal (@RaoulGMI) February 11, 2025 Dogecoin Superiority Theory The former hedge fund manager believes that the meme coin is “the king of all cryptocurrencies”, saying that Dogecoin trumping Bitcoin is a possibility that could happen in the future. Pal considers the popular token as superior to Bitcoin, rooting his claim on Dogecoin outperforming Bitcoin historically. He further supported his Dogecoin superiority theory by noting that the meme coin has outdone the largest cryptocurrency in terms of market capitalization, outperforming Bitcoin’s by an astounding 500% since it was created. CEO Foresees Dogecoin Extending Its Gains Data shows that Pal’s assumption is accurate since the numbers do not lie. Statistics indicate that Dogecoin has outperformed the flagship cryptocurrency since its debut in 2013. When it was launched, DOGE’s price was $0.00056 per coin but now that price has skyrocketed by 461,407%. In comparison, during Dogecoin’s launching, the Bitcoin price was pegged at $1,210 per coin. Now, the crypto is being traded at $96,340, a 7,862% increase since then. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA On The Verge Of A Breakout Pal predicted that Dogecoin could potentially experience a breakout, a situation that would further stamp its superiority against Bitcoin. As of writing, DOGE is being traded at $0.269 per token with a market cap of $39 billion. Pal argued that once Dogecoin scores a breakout against Bitcoin, it will earn the title of the hardest money in the world, claiming DOGE will become the new standard and dethrone Bitcoin as the cryptocurrency top dog. Meanwhile, some analysts take the prediction with a grain of salt. They say that Pal’s predictions might be too ambitious, considering the gap in quality between the two digital assets. Featured image from Gemini Imagen, chart from TradingView

Investors are once again becoming drawn to Dogecoin (DOGE). This time, analysts have found a pattern that could send the famous meme coin soaring past the long-awaited $1 mark. DOGE hit its all-time high of $0.74 during the 2021 bull run, but it has since had a hard time getting back to that level. But now, one market expert thinks that the past might be about to happen again, this time with even bigger gains. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst A Pattern That Points To Rapid Growth Chandler, a crypto analyst, says that Dogecoin has been following a familiar cycle since December 2023. The cycle has three main parts: a breakout to new highs, a brief pullback, and then a sharp rebound that goes above the previous peak. This pattern has already happened twice, and if it happens again, DOGE could be about to have a big recovery. The most recent high of $0.85, followed by a pullback, suggests that the next move could push Dogecoin to an estimated $1.80—a gain of over 112% from its last peak. While price patterns don’t guarantee future performance, Dogecoin’s history of explosive rallies fueled by hype, speculation, and retail enthusiasm makes such a scenario plausible. Over the past year, every higher high $DOGE made was 112% higher than the previous one. 112% above the last top puts us at $1. ???????? pic.twitter.com/al8D86UGq0 — Chandler⚡️ (@ChandlerCharts) January 26, 2025 Market Sentiment And The $1 Psychological Barrier Overcoming $1 has long been a psychological and technological obstacle for Dogecoin. Even though there was a lot of excitement and significant support from people like Elon Musk, the previous effort in 2021 was unsuccessful. However, the circumstances for another breakthrough seem to be developing given Bitcoin’s continued success and the momentum that altcoins are getting. Sentiment is a significant factor in the fluctuations of Dogecoin. In the past year, DOGE has achieved gains of nearly 200%, surpassing Bitcoin’s 110% increase. The possibility of surpassing $1 is not only conceivable, but it may occur sooner than most individuals anticipate if this outperformance continues. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst Caution Amid The Hype Historical patterns can provide useful insights, but they are not totally reliable. The price of Dogecoin remains very volatile, and external variables such as macroeconomic conditions, regulatory changes, and larger market trends can all have an impact on its movement. Investors who are interested in participating in the prospective breakout should exercise caution when evaluating the risks. Profits can be substantial, but pullbacks can be equally rapid due to Dogecoin’s speculative nature. However, the forthcoming months may serve as a pivotal moment for the original meme coin, as DOGE’s chart indicates signs of life and the $1 barrier approaches. At the time of writing, DOGE was trading at $0.2671, up 5.7% and 2.8% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView

Dogecoin started a recovery wave above the $0.250 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2655. DOGE price started a recovery wave above the $0.2500 and $0.2520 levels. The price is trading above the $0.250 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.260 and $0.2655 resistance levels. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline from the $0.2940 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.280 and $0.2655 support levels. It even spiked below $0.250. A low was formed at $0.2388 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The price even cleared the $0.2500 resistance level. There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level. The first major resistance for the bulls could be near the $0.2655 level or the 50% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The next major resistance is near the $0.2725 level. A close above the $0.2725 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.260 level, it could start another decline. Initial support on the downside is near the $0.2520 level. The next major support is near the $0.250 level. The main support sits at $0.2380. If there is a downside break below the $0.2380 support, the price could decline further. In the stated case, the price might decline toward the $0.2250 level or even $0.2120 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2520 and $0.2500. Major Resistance Levels – $0.2600 and $0.2655.

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

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

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

Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270. DOGE price started a recovery wave above the $0.2350 and $0.2420 levels. The price is trading below the $0.2780 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.260 and $0.270 resistance levels. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline from the $0.3450 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.300 and $0.250 support levels. It even spiked below $0.220. The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 50% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low. However, the bears are active near the $0.280 zone. Dogecoin price is now trading below the $0.270 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level. There is also a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.270 level. The next major resistance is near the $0.2850 level or the 61.8% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low. A close above the $0.2850 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.270 level, it could start another decline. Initial support on the downside is near the $0.2420 level. The next major support is near the $0.2250 level. The main support sits at $0.220. If there is a downside break below the $0.220 support, the price could decline further. In the stated case, the price might decline toward the $0.2020 level or even $0.200 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2420 and $0.2250. Major Resistance Levels – $0.2700 and $0.2850.

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

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

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

Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270. DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels. The price is trading below the $0.280 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.250 and $0.270 resistance levels. Dogecoin Price Dives 30% Dogecoin price started a fresh decline from the $0.3250 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.300 and $0.2750 support levels. It even spiked below $0.220. The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low. Dogecoin price is now trading above the $0.280 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.250 level. The first major resistance for the bulls could be near the $0.260 level. The next major resistance is near the $0.270 level or the 50% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low. There is also a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE/USD pair. A close above the $0.270 resistance might send the price toward the $0.2880 resistance. Any more gains might send the price toward the $0.30 level. The next major stop for the bulls might be $0.320. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.250 level, it could start another decline. Initial support on the downside is near the $0.2250 level. The next major support is near the $0.2150 level. The main support sits at $0.20. If there is a downside break below the $0.20 support, the price could decline further. In the stated case, the price might decline toward the $0.1880 level or even $0.1650 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2250 and $0.2150. Major Resistance Levels – $0.2500 and $0.2700.

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

Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480 resistance levels. Dogecoin Price Aims Higher Dogecoin price started a fresh decline from the $0.3850 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.3500 and $0.3350 support levels. It even spiked below $0.320. A low was formed at $0.3052 and the price is now rising above the 50% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.330 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3390 level and 61.8% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. The first major resistance for the bulls could be near the $0.3480 level. The next major resistance is near the $0.3550 level. A close above the $0.3550 resistance might send the price toward the $0.3660 resistance. Any more gains might send the price toward the $0.3880 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.340 level, it could start another decline. Initial support on the downside is near the $0.3250 level. The next major support is near the $0.3150 level. The main support sits at $0.3150. If there is a downside break below the $0.3150 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.3250 and $0.3150. Major Resistance Levels – $0.3400 and $0.3480.

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

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

Dogecoin (DOGE) has shown some upward mobility in the last day following a rather bearish trading week. Based on data from CoinMarketCap, the premier memecoin remains an investors’ favorite amidst the current bull season with almost 90% of its community confident in future price gains. Notably, prominent crypto analyst Ali Martinez has dropped another bullish prediction on Dogecoin suggesting the token’s potential register a 10,000% price gain. Related Reading: Think Dogecoin Has Topped Out? Two Factors That Say ‘No Way’ Could Dogecoin Repeat Bullish Feat? In a recent post on X, Martinez shared a positive analysis of Dogecoin based on historical price data. According to the crypto pundit, DOGE experienced a 10,000% price gain in the last bull cycle in 2021. During this period, the memecoin’s value increased from around $0.007 to $0.700 within 98 days. Looking at DOGE’s current trading chart, the cryptocurrency presents a similar situation to when the price surge began in 2021. Martinez’s predictions indicate if Dogecoin is able to mirror such robust bullish movement, it could attain a market price of $14.78 by May 2025.   As earlier stated, bullish sentiments around Dogecoin are currently heightened creating significant potential for this highly favorable scenario. A substantial portion of this positive market sentiment is centered around the possibility of a Dogecoin Spot ETF. Amidst the many developments in the past week, prominent asset manager Bitwise has filed a proposal for a “Bitwise Dogecoin ETF”  to the Division of Corporation, US Department of State, Delaware. NewsBTC reports that Bloomberg analyst Eric Balchunas has also confirmed the authenticity of the proposed DOGE Spot ETF which “is likely coming soon”. Interestingly, Ali Martinez previously predicted the Dogecoin spot ETF can serve as a positive market driver pushing DOGE’s prices to around $15 in line with his most recent price forecast. These projections are based on the nature of the Spot ETF which is designed to attract institutional demand as seen with Bitcoin. Related Reading: Still Waiting For An Altcoin Season? These Metrics Show Why It Might Never Happen DOGE Price Overview At press time, Dogecoin is valued at $0.354 after a 1.72% gain in the past day. On the other, its daily trading volume is down by 30.09% indicating decreasing investor activity. On larger timeframes, DOGE reflects an 11.43% loss on its 7-day chart but an impressive 13.96% profit on its monthly chart indicates an overall positive performance In recent weeks. For short-term traders, a crypto analyst with X username Kev_Capita_TA believes Dogecoin may be entering an upward consolidation phase that is likely to last till early February. During this period, the market expert warns it is important for market bulls to avoid a price breakdown as DOGE could potentially fall as low as $0.26.  Dogecoin, with a market cap of $52.43 billion, holds the title of the largest memecoin and is the seventh-largest cryptocurrency globally. Featured image from Gadgets 360, chart from Tradingview

Dogecoin started a downside correction from the $0.400 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it stays above $0.3350. DOGE price started a fresh decline below $0.3880 and $0.3650. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3520 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3520 and $0.3550 resistance levels. Dogecoin Price Dips To Support Dogecoin price started a fresh decline from the $0.400 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.3800 and $0.3650 support levels. It even spiked below $0.350. A low was formed at $0.3416 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.4014 swing high to the $0.3416 low. There is also a major bearish trend line forming with resistance at $0.3520 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3520 level and the trend line. The first major resistance for the bulls could be near the $0.3550 level. The next major resistance is near the $0.3720 level or the 50%  Fib retracement level of the downward move from the $0.4014 swing high to the $0.3416 low. A close above the $0.3720 resistance might send the price toward the $0.3860 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3550 level, it could start another decline. Initial support on the downside is near the $0.3420 level. The next major support is near the $0.3380 level. The main support sits at $0.3250. If there is a downside break below the $0.3250 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.3400 and $0.3380. Major Resistance Levels – $0.3550 and $0.3720.

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

The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level.  Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as ‘Mindbloome-Trading,’ the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors.  Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024.  Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value.  While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoin’s price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coin’s next price level.  What’s Driving Dogecoin’s Current Trend?  The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoin’s bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future.  One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com

Dogecoin price action has entered a critical phase as technical indicators, particularly the Relative Strength Index (RSI), point to a continuation of bearish momentum. Following a consistent downtrend, the RSI has dipped below the neutral 50% level, signaling increasing selling pressure and waning bullish interest. This shift in momentum puts the $0.3 support level in the spotlight, a crucial price floor that could determine Dogecoin’s near-term trajectory. With market conditions showing limited upside potential, traders are focusing on whether DOGE can maintain its ground at $0.3 or if the bearish momentum will push it lower. This juncture marks a decisive moment, where the interplay of technical indicators and price action will reveal the strength or fragility of Dogecoin’s market structure. Dogecoin Bearish Outlook In Focus Market sentiment has taken a bearish turn for Dogecoin, with recent price action reflecting growing pressure from sellers. The shift in outlook is underscored by the cryptocurrency’s struggle to maintain higher price levels, accompanied by technical indicators such as the RSI trending lower toward oversold territory. This decline signals weakening buying momentum, leaving DOGE vulnerable to further downside movement. Related Reading: Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally? Dogecoin’s recent drop below the 4-hour Simple Moving Average (SMA) has reinforced the bearish outlook, indicating a possible continuation of downward momentum. The failure to hold above this key indicator suggests that selling pressure is gaining strength, pushing the price toward the $0.3 support level. Furthermore, the $0.3 support level now stands as a critical threshold for the market, with a break below potentially triggering additional price losses to test even lower support levels. However, if bulls can defend this level, it could set the stage for a consolidation phase or a recovery attempt.  As the market navigates this uncertain terrain, it is advisable to watch out for any signs of reversal or stabilization at these levels to assess whether the meme coin can recover from this bearish phase. Navigating Volatility: What Traders Should Watch Next Since Dogecoin continues to experience significant volatility, the $0.3 support level stands as a crucial point to monitor. If the price reaches this level and fails to hold, a break below it might set the stage for more declines. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target After that, the next key support zone lies at $0.26, where a sustained downturn could find additional momentum. Should the selling pressure persist, DOGE would probably see a deeper correction, testing even lower levels.  However, a firm hold of the $0.3 support will act as a foundation for a possible rebound. A successful defense of this level might signal a shift in market sentiment, with buyers stepping in to push the price higher, paving the way for a recovery toward the $0.4 mark and beyond. Featured image from Unsplash, chart from Tradingview.com

Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance. DOGE price started a fresh decline below $0.4050 and $0.380. The price is trading below the $0.3750 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3650 and $0.3680 resistance levels. Dogecoin Price Dips To Support Dogecoin price started a fresh decline from the $0.4050 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.400 and $0.380 support levels. It even spiked below $0.350. A low was formed at $0.3380 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. There is also a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3650 level and the trend line. The first major resistance for the bulls could be near the $0.3680 level or the 61.8% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. The next major resistance is near the $0.3750 level. A close above the $0.3750 resistance might send the price toward the $0.3860 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3750 level, it could start another decline. Initial support on the downside is near the $0.340 level. The next major support is near the $0.3380 level. The main support sits at $0.3250. If there is a downside break below the $0.3250 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.3380 and $0.3250. Major Resistance Levels – $0.3650 and $0.3750.

Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday.  Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions.  Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated.  These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market.  Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000.  The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls.  At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

CoinCodex’s Machine Learning (ML) algorithm has released its monthly Dogecoin price prediction for 2025. The Dogecoin forecast highlights notable price increases from January to December, signaling bullish growth in this year’s Second Quarter (Q2). Dogecoin Price Prediction From January To December According to CoinCodex’s price projections, Dogecoin is expected to start 2025 with modest growth, reaching a minimum target of $0.352 and a maximum of $0.386 by January. This predicted price suggests a potential Return On Investment (ROI) of approximately 6.7%, as of writing.  Related Reading: BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch By February, however, Dogecoin is projected to experience a slight fluctuation, dropping to a minimum price of $0.355. It is also projected to see a maximum potential surge to $0.368, marking an 11% ROI. Dogecoin’s most remarkable price run is anticipated to occur during March and April.  In March, Dogecoin is forecasted to reach a maximum price of $1, representing approximately 152.07% in ROI. This price increase is expected to be followed by an even more impressive growth in April, pushing DOGE above $1, with an ROI of 168.2%.  By May 2025, Dogecoin is expected to stabilize around the $0.74 price level, reflecting a new ATH and a 79.15% ROI surge. The summer months also show a steady growth rate, with June projected to see a maximum Dogecoin price of $0.58 and a minimum of $0.50. This target represents a significant decline from its projected peak in Q1 2025. Moreover, Dogecoin is expected to yield a total ROI of 39.63%.  In July and August, Dogecoin’s price could rise to a maximum of $0.70 and $0.67, respectively. These price surges are also expected to generate a significant ROI of 70.9% in July and 64.3% in August.  The latter part of 2025 suggests more tempered gains, with September’s Dogecoin price estimates at $0.6, October at $0.58, and November at $0.5, on average. Each month is projected to yield significant ROIs of 56.76%, 53.46%, and 26.78%, respectively. By December, Dogecoin is predicted to close the year at a minimum price of $0.47, a maximum of $0.52, or an average of $49. This reflects a 26.28% ROI; however, it also indicates a significant decline from previous projected highs during the early months of 2025. While CoinCodex predicts Dogecoin’s price from January to December 2025, it also advises taking short positions for the first two months of the year. On the other hand, investors are urged to adopt a buy strategy from March through December, aligning with the anticipated bullish trend.  Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top Average Price Target For 2025 According to CoinCodex’s data, Dogecoin is expected to trade between $0.352 and $1.12. This suggests that the lowest expected price for this meme coin could be around $0.35, while its highest could surpass $1.12.  Based on this predicted range, Dogecoin’s average price target for 2025 is $0.564, marking a potential ROI of 171.52% compared to current market rates. At the time of writing, the price of Dogecoin is $0.41. Featured image created with Dall.E, chart from Tradingview.com

Dogecoin is charging ahead as bullish momentum builds, propelling the price closer to the critical $0.4 resistance level. This surge marks a significant turn in sentiment, with buyers stepping up to reclaim control and drive the cryptocurrency higher. The $0.4 mark is more than just a psychological barrier, it’s a key resistance that could determine whether DOGE continues its climb or pauses for consolidation. As Dogecoin builds steam, can the bulls maintain control and break through this key barrier? The outcome of this move will play a decisive role in shaping the next phase of its price action, making this an exciting moment for the market. At the time of writing, DOGE has risen by over 7%, trading at $0.39. Recent Performance: A Closer Look At Dogecoin Dogecoin’s recent performance has showcased a remarkable recovery, with the cryptocurrency regaining strength and heading toward the critical $0.4 resistance level. After a period of consolidation, the meme coin has exhibited strong buying pressure, signaling renewed investor confidence and a potential shift in market dynamics. Related Reading: Dogecoin (DOGE) Finds Its Footing: Bulls Regain Traction Key technical indicators, such as the Relative Strength Index (RSI), reflect this resurgence, showing positive trends that align with the upward movement. Additionally, DOGE’s ability to reclaim its position above significant moving averages such as the 4-hour SMA, further supports its upside trajectory. This rally has captured traders’ attention and reignited discussions about Dogecoin’s potential to test higher resistance levels. However, the $0.4 mark remains a significant hurdle, and the next outcome will likely define the cryptocurrency’s short-term direction. As momentum builds, traders and investors are closely watching for signals of sustained strength or signs of a possible pullback. Potential Scenarios: Breakout vs. Rejection At $0.4 The $0.4 resistance level represents a crucial turning point for Dogecoin’s recent upbeat momentum. Two primary scenarios could unfold at this level: a breakout or a rejection. Related Reading: Massive Dogecoin Rally Incoming? Experts Point To Over 1,000% Upside If Dogecoin successfully breaches the $0.4 resistance, it might trigger a fresh wave of buying interest, driving the price toward higher targets like $0.48 or even $0.59. A breakout would solidify bullish dominance and attract traders, fueling the rally.  In this scenario, $0.4 may transition from a resistance level to a strong support zone, laying the groundwork for sustained upward movement. On the other hand, failure to break through $0.4 might result in a rejection, causing Dogecoin to retrace toward lower support levels such as $0.35 and $0.3.  Furthermore, the failure could indicate a pause in bullish momentum, with sellers asserting greater control near the resistance zone. While a rejection may cause short-term price weakness, it doesn’t necessarily mean the end of the rally. Instead, it will pave the way for consolidation and a stronger base for future attempts at breaking $0.4. Featured image from Unsplash, chart from Tradingview.com

The unprecedented rise of the Dogecoin price in 2021 has been one of the significant events that cemented its status as more than a meme coin. During the 2021 bull market, Dogecoin embarked on a substantial price rally for over three consecutive months, making history by reaching new ATHs. Now, in the 2025 bull market, Dogecoin faces new challenges and barriers to achieving a new ATH. However, its performance in 2021 suggests that Dogecoin has the potential to pull off a similar bullish rally in 2025. A Look Back At The Historic 2021 Dogecoin Price Rally Dogecoin’s bizarre price rally in 2021 was nothing short of historic. It captured the financial world as it transformed from an internet joke to one of the most talked-about cryptocurrencies. Starting the year at $0.004, Dogecoin skyrocketed to a new all-time high of $0.75 by May 2021. This massive price surge was driven by a plethora of bullish factors, including celebrity endorsements, viral social media posts, Fear of Missing Out (FOMO) among newer retail investors, and more.  Related Reading: Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens CryptoRank’s data shows that Dogecoin experienced a strong price rally for four consecutive months, surging massively from January to April before hitting an ATH in May, followed by a sharp decline the next month. In January, Dogecoin witnessed its largest monthly price increase, skyrocketing by more than 711.5%. This exponential growth was recorded roughly seven months after the Bitcoin halving event in 2020.  In February 2021, Dogecoin experienced another price rally, though significantly less than the surge in January. The meme coin rose by more than 26.4%, continuing its upward momentum from the previous month. Similarly, Dogecoin‘s price saw another major surge in March, climbing by over 11.1%.  April marked the final three-digit surge for Dogecoin during its remarkable bull run in 2021. The meme coin had jumped by an impressive 546.9%, fueled by the excitement of the bull market, growing adoption, and social media hype.  Dogecoin’s growth and massive price rally during the 2021 bull run were also attributed to the support of SpaceX and Tesla CEO Elon Musk. At the time, Musk played a significant role in boosting Dogecoin’s popularity, as his tweets about the dog-themed meme coin often triggered sharp price increases and tended to attract broader audiences to DOGE.  Can Dogecoin Repeat History In 2025?  While past performances do not guarantee future results, they still provide insights into a cryptocurrency’s potential price movements and bullish set-up. In recent months, Dogecoin has seen a significant surge in its price, driven by political events, growing adoption, and whale accumulation.  Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers Looking at the historical data from CryptoRank, Dogecoin has the potential to replicate its 2021 bull market performance in 2025. However, achieving this impressive four months of consecutive price gains will require the meme coin to sustain strong market sentiment, increased adoption and continued community support.  Fortunately, Dogecoin has a few bullish factors that could drive its price in this bull market. Analysts predict that Donald Trump’s upcoming inauguration as the next United States (US) President, combined with Musk’s establishment of the Department of Government Efficiency (D.O.G.E), could significantly boost Dogecoin’s price to new highs. Featured image created with Dall.E, chart from Tradingview.com

The Dogecoin open interest has seen a notable explosion over the last few days amid heightened excitement for the Donald Trump Inauguration Day on January 20. This event has quickly become the most anticipated event in crypto currently, marking the entrance of the very first pro-crypto president into the United States White House. Thus, traders […]

The Dogecoin and Shiba Inu prices are surging today, recording significant gains in the process. This price surge for the foremost meme coins came following a recent development on the macro side, which provided some relief for the crypto market.  Why The Dogecoin And Shiba Inu Prices Are Surging CoinMarketCap data shows that the Dogecoin […]

Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might climb further if it clears the $0.3650 resistance. DOGE price started a fresh increase above $0.3420 and $0.350. The price is trading above the $0.350 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.3350 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rise if it clears the $0.3650 and $0.3720 resistance levels. Dogecoin Price Rises Steadily Dogecoin price started a fresh increase after it cleared the $0.320 resistance zone, like Bitcoin and Ethereum. DOGE was able to clear the $0.3420 and $0.350 resistance levels. Besides, there was a break above a connecting bearish trend line with resistance at $0.3350 on the hourly chart of the DOGE/USD pair. The pair surpassed the 76.4% Fib retracement level of the downward move from the $0.3478 swing high to the $0.3096 low. Dogecoin price is now trading above the $0.350 level and the 100-hourly simple moving average. It is also above the 1.236 Fib extension level of the downward move from the $0.3478 swing high to the $0.3096 low. Immediate resistance on the upside is near the $0.3650 level. The first major resistance for the bulls could be near the $0.3720 level. The next major resistance is near the $0.380 level. A close above the $0.380 resistance might send the price toward the $0.3920 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3650 level, it could start another decline. Initial support on the downside is near the $0.3550 level. The next major support is near the $0.3460 level. The main support sits at $0.3380. If there is a downside break below the $0.3380 support, the price could decline further. In the stated case, the price might decline toward the $0.3120 level or even $0.3080 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.3550 and $0.3460. Major Resistance Levels – $0.3650 and $0.3800.