The Dogecoin price action has returned into a bullish trend in the past 24 hours after spending the majority of the past seven days on a correction path. Particularly, the Dogecoin price is currently up by about 4.5% in the past 24 hours. According to crypto analyst Master Kenobi, Dogecoin’s market movement appears to be […]
Crypto analyst KrissPax has predicted that the Dogecoin price can rally to as high as $3 in this market cycle. The analyst further explained how the foremost meme coin will reach this price target using the Logarithmic scale. Dogecoin Price To Reach $3 In an X post, KrissPax highlighted a path for the Dogecoin price to reach $3. He drew attention to a Dogecoin chart that connects the monthly tops of 2017 and 2021, with an arc representing diminishing returns with a larger market cap, using a logarithmic scale. He suggested that the first step to reaching this $3 target will be for Dogecoin to reach $1. However, the analyst is convinced that the meme coin can reach $3 in this cycle. Based on crypto analyst Trader Tardigrade’s recent analysis, this Dogecoin price rally to $1 could happen soon, putting the rally to $3 in motion. In an X post, the analyst said the Dogecoin Relative Strength Index (RSI) has been bouncing up from the oversold zone on a 4-hour chart. The recent RSI bounces from the same zone caused Dogecoin to surge 40% and 200%. The crypto analyst added that the pump intensity is even getting stronger. In line with this, he remarked that it won’t be surprising if the Dogecoin price spikes beyond the 200% level and rallies above $1.15. Trader Tardigrade also recently predicted that Dogecoin could rise as high as $3.52. This came as he noted how the meme coin always enjoys a 2x increase from previous local tops. Meanwhile, as these crypto analysts have suggested, this $3 target might not be the market top for the Dogecoin price in this market cycle. Crypto analyst Philip recently predicted that Dogecoin could at least reach a conservative target of $5. The analyst made this prediction in relation to DOGE’s performance in previous cycles. Anything Above $5 Is Unrealistic In an X post, crypto analyst Master Kenobi asserted that any chart projecting the Dogecoin price above $5 in this market cycle is unrealistic. He made this claim in relation to what Dogecoin’s market cap would be if it were to reach targets above $5, which he believes cannot happen in this bull run. Master Kenobi warned investors about looking forward to these price targets above $5 as they risk becoming bagholders for another four years. As to how high he believes the Dogecoin price can rise in this cycle, the analyst predicts that the range between $1 and $2 is realistic. He is confident that the rally to $1 could mirror Bitcoin’s rally from $1,000 to $10,000, and the rally to $2 could happen the same way BTC rallied$10,000 to $20,000 in just two weeks. At the time of writing, the Dogecoin price is trading at around $0.4, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher. Dogecoin Price Rally Is Still In Early Stages In a TradingView post, […]
A crypto pundit has suggested that the Dogecoin price rally is far from over, forecasting mid-term targets between $2.2 and $3.46 for the dog-themed meme coin. According to his detailed price chart, Dogecoin is currently in wave 3 of the Elliott Wave Theory and set for a significant price surge. Analyst Predicts Dogecoin Price Macro Target Hov, a crypto analyst on X (formerly Twitter), has discussed Dogecoin‘s future price movements based on the Elliott Wave Theory and its current price action. The analyst noted that the meme coin has received a remarkable 690% rally since recently reaching a critical macro entry level. Related Reading: Bitcoin Price Crash Not Over? Why A Decline To $89,000 Is Possible According to Hov’s chart analysis, the Dogecoin price action is currently in the midst of its third Elliott Wave, a phase often characterized by solid price growth. The third wave is typically seen as the strongest of all five wave motive sequences of the Elliott Wave theory and is also considered bullish. The price chart shows that Dogecoin is entering its third wave after recently breaking out of a prolonged consolidation period within a critical support zone around $0.27. While Hov has forecasted a rise to the macro targets at $2.2 – $3.46, the analyst has also revealed that the Dogecoin price could reach an ultimate target of $4.2 if it maintains a strong bullish momentum. This substantial price increase would require Dogecoin surging by 976% from its current value. Analyst Reveals Next Dogecoin Local Tops While the DOGE price steadily approaches the $1 mark, crypto analyst Trader Tardigrade has released the upcoming local tops for the number one meme coin. The analyst disclosed that Dogecoin had successfully recorded multiple local market tops in the last year following a substantial price rally. He also revealed that each local top had a 2X relationship, where the Dogecoin price had doubled in the previous three local tops. Related Reading: Bitcoin Price Closes Above Bull Channel, Crypto Analyst Reveals What’s Next Following the analyst’s chart, Dogecoin reached a local top of $0.11 in October 2023, jumping 2X to hit another top of around $0.22 in April 2024. Interestingly, the same bullish pattern occurred again around October this year, with the meme coin doubling its previous price high to reach a local price peak of around $0.44 this month. Based on this bullish pattern, where the Dogecoin price has historically multiplied by 2X with each local top, Trader Tardigrade predicts that the meme coin will continue this trend until it reaches an all-time high of $5. The analyst has projected that Dogecoin could see its next local top at $0.88 by April 2025. Additionally, around July 2025, the analyst predicts that Dogecoin will double again and surpass the $1 milestone to hit $1.76. Extending towards October 2025, the analyst has also projected that the Dogecoin price is expected to rally to $3.52. Featured image created with Dall.E, chart from Tradingview.com
The first-ever Dogecoin Exchange Traded Product (ETP) has been officially launched, sparking excitement for a possible DOGE price rally. Combined with several other bullish factors which have fueled the recent surge in the DOGE price, this new ETP positions the top meme coin for a potential 100% increase to new highs. Valour Launches First Dogecoin […]
Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance. DOGE price started a downside correction below the $0.420 level. The price is trading below the $0.400 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.3920 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.400 and $0.4100 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a downside correction below $0.450 like Bitcoin and Ethereum. DOGE traded below the $0.420 and $0.400 support levels. A low was formed at $0.3646 and the price is now consolidating losses. There was a minor increase above the $0.380 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.4808 swing high to the $0.3646 low. However, the bears seem to be active below the $0.40 level. Dogecoin price is now trading above the $0.40 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3920 level. There is also a key bearish trend line forming with resistance at $0.3920 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.400 level. The next major resistance is near the $0.4220 level or the 50% Fib retracement level of the downward move from the $0.4808 swing high to the $0.3646 low. A close above the $0.4220 resistance might send the price toward the $0.4520 resistance. Any more gains might send the price toward the $0.4800 level. The next major stop for the bulls might be $0.500. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.400 level, it could start another decline. Initial support on the downside is near the $0.3780 level. The next major support is near the $0.3650 level. The main support sits at $0.3500. If there is a downside break below the $0.3500 support, the price could decline further. In the stated case, the price might decline toward the $0.3200 level or even $0.300 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 near the 50 level. Major Support Levels – $0.3780 and $0.3650. Major Resistance Levels – $0.4000 and $0.4220.
The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable. What Is Driving The Dogecoin Price Rally In a TradingView post, Alan […]
The Dogecoin price has been gearing up for a major bull rally since it rose to the $0.4 threshold and began testing this resistance. Shedding light on Dogecoin’s future bullish trajectory, a crypto analyst has discussed the importance of the $0.22 50-day Moving Average (MA) in determining the Dogecoin price movements in this bull cycle. How The 50-Day MA Impacts The Dogecoin Price Rally The 50-day MA is a technical indicator that highlights a cryptocurrency’s average price over the last 50 trading days. It is primarily used to identify price trends, determine resistance and support levels, and generate buy and sell signals. Related Reading: Long-Term Bitcoin Holders Remain Greedy Amid Price Break Toward $100,000, Why This Is Good Kevin, a crypto analyst on X (formerly Twitter), has underscored the significance of this critical technical indicator in the recent Dogecoin price movements and its influence on the meme coin’s future bull rally. The analyst disclosed that historically, during Dogecoin’s previous bull markets, its price consistently stayed above the 50-day MA, never losing this crucial threshold despite testing it multiple times. Typically, staying above the 50-day MA is seen as a bullish indicator, while consistently dropping below this average suggests a downtrend. Presenting a detailed chart of Dogecoin’s price action in the last bull cycle in late 2020 to date, Kevin disclosed that the current 50-day MA for the meme coin is at $0.22. However, this price threshold is rising quickly as Dogecoin closes each daily candle. Additionally, the rapid increase suggests that if Dogecoin can remain steady around or above the 50-day MA, its price should see a significant bullish trend continuation, providing a strong foundation for even higher prices. Dogecoin Enters Distribution Phase, $9.5 Target In Sight In a different X post, Trader Tardigrade, a prominent crypto market expert, declared that Dogecoin has officially entered the Distribution phase in the classic Power of Three (PO3) market cycle. The PO3 cycle is a popular concept in technical analysis used to identify key market phases — Accumulation, Distribution, and Manipulation. Related Reading: Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily With Dogecoin now firmly in the Distribution phase, large holders may be offloading their assets, potentially locking in profits following DOGE’s recent price increase. While the distribution phase could be seen as the end of a bull rally characterized by sell-offs and slow momentum, Trader Tardigrade believes that this phase could be calm before a massive price surge. The analyst shared two price charts comparing Dogecoin’s movements during the bull cycle between 2016 and 2017 and its future price action in 2024 and 2025. In the 2017 bull market, Dogecoin entered a distribution phase, which led to a significant bull rally to new levels above $0.00066. If this trend holds true for Dogecoin’s current distribution phase, Trader Tardigrade has predicted that its price could surge as high as $9.5 from its current value of $0.4. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin was one of the best-performing crypto assets following a recent upswing in the general market in the past few weeks. However, considering several indicators and current price action, a correction might be forthcoming for the largest meme coin. Bearish Price Signal Emerges For Dogecoin Dogecoin’s renewed price uptrend could be poised for a setback […]
Crypto analyst Master Kenobi has provided a bullish update for the Dogecoin price, predicting that the foremost meme coin can reach as high as $2.8. In his update, the analyst also explained why Dogecoin’s outlook is still bullish. Dogecoin Price To $2.8 And Why It Can Happen In his DOGE update, Master Kenobi shared an […]
The rivalry between meme coins is taking center stage once again. Max, a crypto analyst on X (formerly Twitter), has predicted a substantial price increase for Dogecoin (DOGE) and Pepe (PEPE) in the current bull cycle. The analyst has identified which popular meme coins are set to dominate the market and those worth holding for […]
Recent movements of the Dogecoin price have seen the meme cryptocurrency breaking to the upside of a bull flag pattern. This bull flag pattern took shape during a consolidation that began after the Dogecoin price reached a new yearly high on November 12. Interestingly, Dogecoin price action over the weekend has seen an upward breakout […]
The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours. This surge has brought into focus the possibility of the DOGE price reaching a new all-time high this year. Interestingly, a crypto analyst on the […]
The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement. Analyst Highlights Bullish High Tight Flag Pattern […]
The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current bullish sentiment surrounding the DOGE price. Particularly, this bull flag pattern was highlighted on the 2-hour candlestick chart of the Dogecoin price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels A bull flag pattern is characterized by a sharp price increase (the flagpole) followed by a period of consolidation in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset may resume its prior uptrend. In the case of the DOGE price, the flag pole was created by the Dogecoin price rally from November 8 until it peaked at $0.446. Since then, a consolidation has led to the creation of a flag. As KrissPax noted, a successful breakout to the upside would push the DOGE price toward $0.60. Interestingly, the analyst expects this breakout to happen by Friday. Clean bull flag on the Dogecoin chart – target $0.60. Could we see the start of the next $DOGE breakout on Friday? Meanwhile, Dogecoin still trading right in the middle of the flag at 38 cents. pic.twitter.com/kR6WSxMQI5 — KrissPax (@krisspax) November 22, 2024 Market Expectations For DOGE’s Next Move At the time of writing, Dogecoin is trading at $0.393. A move towards the $0.6 mark would translate to a price increase of about 53% from the current price. Furthermore, reaching the $0.6 price target would put the Dogecoin price at a new 2024 high and a three-year high, but still about 22% from its current all-time high of $0.7326. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles KrissPax’s $0.6 price target plays into a bullish outlook of the DOGE price among many crypto analysts and traders. Supporting this bullish outlook, other analysts have observed similar patterns. For instance, a report from Bitcoinist noted that the Dogecoin price could rally to its all-time high of $0.73, paving the way for a surge to the much-anticipated $1 level. Furthermore, other analysts have predicted that the DOGE price could reach $2 by the end of the year at the current pace of price growth. This bullish outlook for the Dogecoin price cuts across every part of the Dogecoin ecosystem. On-chain data has shown that Dogecoin whales are taking advantage of the price decline to load up on their holdings. Particularly, Dogecoin whale addresses holding 10 million to 100 million DOGE tokens have bought more than 550 million DOGE over the past week, worth around $214.5 million. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin whales are on a significant accumulation spree, as reports reveal that these large-scale token holders have bought over 550 million DOGE tokens. This massive accumulation trend comes as analysts predict that DOGE may be preparing for a major price leap. Dogecoin Whales Go On Massive Buying Trend Crypto analyst Ali Martinez has revealed that […]
A crypto analyst has drawn a distinct comparison between the Dogecoin and Shiba Inu price movements, noting that the trajectory of both meme coins closely mirrors each other. While he points out these similarities, the analyst has projected the next bullish target for Shiba Inu as its price action shows signs of a potential uptrend. […]
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price. Bullish Divergence Hint At Dogecoin Price Surge On November 20, crypto analyst Trader Tardigrade on X (formerly […]
Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a fresh increase above the $0.3750 resistance level. The price is trading above the $0.3800 level and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.400 and $0.4080 resistance levels. Dogecoin Price Eyes More Upsides Dogecoin price remained supported above the $0.350 level and recently started a fresh increase like Bitcoin and Ethereum. DOGE was able to clear the $0.3650 and $0.3750 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3950 level or the 61.8% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low. The first major resistance for the bulls could be near the $0.400 level. The next major resistance is near the $0.4080 level. A close above the $0.4080 resistance might send the price toward the $0.4200 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.500. Are Dips Supported In DOGE? If DOGE’s price fails to climb above the $0.400 level, it could start a downside correction. Initial support on the downside is near the $0.3850 level. The next major support is near the $0.3750 level. The main support sits at $0.3550. If there is a downside break below the $0.3550 support, the price could decline further. In the stated case, the price might decline toward the $0.3200 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 – $0.3850 and $0.3750. Major Resistance Levels – $0.4000 and $0.4200.
The Dogecoin hash rate has spiked sharply, reaching new all-time highs. This bullish development reflects increasing network activity and miner participation. The surge also aligns with the recent positive shift in Dogecoin’s momentum, which favorable market conditions and sentiment have bolstered. Dogecoin Hashrate Reaches New ATH Dogecoin mining activity is experiencing a major upsurge, as […]
The much-anticipated major bull run for Dogecoin could be on the horizon as a crypto expert has asserted that DOGE is preparing for its next rally, potentially to a new all-time high. This prediction comes after DOGE’s recent upswing in the last few weeks, suggesting a revival of its bullish momentum. Dogecoin Poised For Massive Gains In The Upcoming Weeks Amidst rising optimism in Dogecoin, Trader Tardigrade, a seasoned crypto expert and investor, has declared that the meme coin is gearing up for its next major run. Trader Tardigrade shared his prognosis on the X (formerly Twitter) platform, which has sparked excitement within the Dogecoin community. Related Reading: Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next? The market expert claims DOGE is poised for its next bull run after citing key price patterns on its chart, particularly the Hidden Bullish Divergence formation, showing that the dog-themed meme coin is building strength for a potential breakout. A bullish hidden divergence formation typically happens within a downtrend, indicating a possible reversal or slowing of the downward momentum. Trader Tardigrade cited the key pattern in the 4-hour time frame of Dogecoin’s Relative Strength Index (RSI). According to the analyst, this crucial indicator offers early signs of a sustained upside trend in Dogecoin, allowing the digital asset to reach higher highs. As DOGE prepares for its next significant rally, Trader Tardigrade expects 2 major pumps to take place in the short term, demonstrating his robust confidence in the asset’s near-term prospects. His prognosis is based on historical price trends, whereby DOGE saw multiple rallies to its market top in the last two bull cycles. For the first pump, the expert has placed his next target at the $2 price level. Meanwhile, the second pump is set to trigger a move to the $20 threshold should history repeat itself. As a result, the analyst believes DOGE’s bull run has just started, noting it is still early to capitalize on the upswing. DOGE’s Market Top Coming Soon Than Expected? According to crypto analyst, Dima James Potts, Dogecoin’s market top appears to be much closer than widely expected. He made the claims after identifying price trends akin to previous cycle tops. Related Reading: Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What’s Coming Next In the first and second cycles, DOGE witnessed a surge of 21,821% and 54,890%, respectively, from its bear market low to its peaks. Although the third cycle has not yet topped, should past events reoccur, James Potts expects DOGE to top around January 19, 2025, since the meme coin has often reached its peak in approximately 1446 days. DOGE’s market top for this cycle might be fast approaching, but the expert is confident that this cycle’s rally might be larger than the past occasions as the percentage gains in each previous cycle have risen, placing his target at $36. With indications of a resurgence in the general cryptocurrency landscape, Dogecoin might take advantage of the renewed momentum and see more increases in the upcoming days. Featured image from Unsplash, chart from Tradingview.com
Dogecoin enthusiasts recently reignited discussions on the meme coin’s future after an observation shared on the social media platform X. KrissPax, a Dogecoin enthusiast, highlighted a curious detail that showed that DOGE is the only cryptocurrency currently embedded in the payment code for Tesla’s Cybertruck and Model 3 vehicles. Interestingly, this plays into the current […]
Crypto analyst MadWhale has provided a bullish outlook for the Dogecoin price. The analyst predicted that the foremost meme coin could witness a significant rally and highlighted support areas that market participants should focus on. Dogecoin Price To Witness A 37% Surge In a TradingView post, MadWhale predicted that the Dogecoin price would likely witness a 37% rally to $0.55 soon. However, the crypto analyst warned that short-term bearish movements or consolidation phases could occur before the major uptrend. MadWhale suggested that this wasn’t something to worry about, as these patterns often appear before a significant surge. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern MadWhale highlighted key support levels using Fibonacci retracements to manage these Dogecoin price fluctuations better. The crypto analyst’s accompanying chart showed the $0.3 level as the main support based on the Fib level. A bounce of this support level could send Dogecoin to the $0.55 target. The crypto analyst also indicated that the Dogecoin price is showing significant strength, surpassing long-standing resistance levels, which MadWhale mentioned signals an important shift. The analyst said this is a key development as Dogecoin gains momentum with higher trading volumes and growing social media influence. Regarding resistance levels, $0.4 might be the next big hurdle for the Dogecoin price. Crypto analyst Kevin Capital recently stated that $0.4 is a crucial resistance level for Dogecoin, representing the 0.786 Fib level. He noted that Dogecoin has been testing this Fib level but faced rejection on November 19. While the analyst is confident that the Dogecoin price will eventually break above this resistance level, he remarked that it must happen “cleanly and violently” if the foremost meme coin is to witness any major price rally to the upside. Dogecoin breached this $0.4 level following its run after Donald Trump’s victory but couldn’t hold that level as support and has since been consolidating in the $0.3 range. DOGE Ready For The Next Move To The Upside? Crypto analyst Trader Tardigrade suggested that the Dogecoin price was ready for its next leg to the upside. In an X post, the analyst stated that Dogecoin is ready for the next run. He identified a Hidden Bullish Divergence on the 4-hour Relative Strength Index (RSI) chart, which provides a bullish outlook for DOGE. Related Reading: 297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend Trader Tardigrade noted that this RSI Hidden Bullish Divergence occurs when the price forms higher lows while the RIS forms lower lows. He added that this signal indicates an uptrend continuation for the Dogecoin price. Meanwhile, it is worth mentioning that crypto analyst Ali Martinez recently affirmed that the Dogecoin bull run is on and noted that these corrections are typical in every parabolic bull run Dogecoin has recorded. At the time of writing, the Dogecoin price is trading at around $0.38, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has been trading sideways for the past few days, consolidating around the $0.4 mark as it targets a breakout to the upside. This $0.4 price point is represented by the 0.786 Fibonacci level, which an analyst has confirmed that Dogecoin continues to test in order to witness a price rally. Dogecoin Price Targets 0.786 Fib Breakout Kevin, a Dogecoin analyst on X (formerly Twitter), has shared his analysis of the DOGE price action, highlighting a key resistance point that could catalyze the meme coin’s anticipated rally. Given the recent surge in the Dogecoin price this month, many analysts have forecasted that the meme coin is gearing up to hit the $1 ATH. Related Reading: Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation Some of these analysts have also suggested that factors like Donald Trump‘s win in the U.S. Presidential election, Elon Musk’s D.O.G.E commission, and growing positive sentiment in the crypto community, could become the critical drivers for the Dogecoin price, pushing it to new highs. Despite this bullish sentiment, the DOGE price continues to trade sideways, struggling to break through the $0.4 price. Kevin has disclosed that the $0.4 mark is a crucial resistance level for Dogecoin, representing the 0.786 Fib. He highlighted that the Dogecoin price has been testing this critical Fibonacci level but was sharply rejected on November 19. This price rejection is also among several failed attempts in the past few days, as Dogecoin has repeatedly tested this crucial level. While the optimism for a Dogecoin price surge is high, Kevin has stated that unless the meme coin can break above this crucial resistance level “cleanly and violently,” there’s no reason for investors to expect any major price movement or get overly excited about a potential rally. The Dogecoin analyst also highlighted a critical resistance level for the Bitcoin price. Kevin has revealed that Bitcoin’s next upside rally will occur once it clears the resistance level at $100,000. The analyst suggests that the market will likely move slowly and remain relatively uneventful until the pioneer meme coin can break past this crucial milestone. Dogecoin Next Target: Monthly Close Above $0.335 In another X post, Kevin explained the downside target for the Dogecoin price if it fails to break the 0.786 Fib resistance level. He revealed that the DOGE price moment, via its chart, is showcasing a “nasty triple top” at the macro 0.786 Fib level. Related Reading: Here’s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Kevin has predicted that a drop to the $0.30 mark is highly possible for Dogecoin if volatility and market uncertainty persist. This decline could also be triggered by selling pressures and a lack of bullish momentum. Conversely, the analyst has revealed that the next big rally for Dogecoin could be seen if the meme coin can close a monthly candle above $0.335 in the next 11 days. Kevin has stated that achieving this feat would be a significant milestone, marking Dogecoin’s highest monthly candle close of all time. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has witnessed an impressive activity surge in the past few weeks, with many crypto participants looking at a continued surge until the end of the year. In a recent analysis shared on X (formerly Twitter), crypto analyst Ali Martinez has projected a significant surge in the Dogecoin price, suggesting it could continue […]
Crypto analyst Tmilnebml has highlighted a bullish pattern that is forming on the Dogecoin price chart. Based on this, the analyst predicted that the DOGE price could rally to as high as $4.2 as the meme coin enters the next phase of this bullish pattern. Dogecoin Fibonacci Spiral Could Send Price To $4.2 In a […]
Popular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform. Final Deadline For Dogecoin Investors To Secure Private Keys In an X (formerly Twitter) […]
Meme coin Dogecoin seems like it is starting to consolidate just below the $0.4 price level. Particularly, the Dogecoin price has traded below $0.4 in the last five days, reaching a low of $0.343. This DOGE price performance is unsurprisingly going to lead to the notion of whether it has already reached its price top […]
Max Schwartzman, the CEO of Because Bitcoin, has provided a bullish outlook for PEPE. He stated that the meme coin is mirroring the Dogecoin price action in the 2021 bull run and explained exactly how this is happening. How PEPE Is Mirroring The Dogecoin Price In an X post, Max asserted that PEPE is the […]
Interest in Dogecoin appears to be rising once again with the meme coin demonstrating the potential for another notable price upswing, capturing the attention of investors and crypto enthusiasts as they anticipate a massive run-up to a new all-time high in the ongoing market cycle. Dogecoin To Hit A New Peak In The Next Parabolic […]