Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin’s recent price action and XRP’s. Dogecoin Price To Replicate XRP Rally? In an X post, Jacob Canfield suggested that the Dogecoin price could soon replicate the recent XRP rally. […]
The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November. Particularly, Dogecoin is currently in the flag phase of the bullish pennant formation, which is known to be the consoldation phase before the next leg up. According to Crypto analyst KrissPax, this Dogecoin price movement is creating a “great springboard for the next big Doge pump.” Dogecoin’s Sideways Trading Forms The Foundation For Growth The Dogecoin price has been trading within range since it reached the $0.47 mark on November 23. This range has been highlighted by a key support level around $0.37 that prevented further declines on November 26. Crypto analyst KrissPax noted that this consolidation has held above support, which he interprets as constructive rather than negative. Related Reading: Bitcoin Price Prediction: Charting The Roadmap Of BTC To $150,000 By 2025 In terms of a Dogecoin price outlook, KrissPax highlighted that the consolidation has led to the formation of a bullish pennant, which is set to be broken at the upper trendline. For his price prediction, he highlighted the $1.3 level as the prime target after the breakout. The bullish pennant typically forms after a strong upward rally followed by consolidation, with price movements resembling a triangle. A breakout from this pattern often signals the continuation of the prior trend, making $1.30 a plausible target if the pattern holds true. The current Dogecoin sideways trading is holding support and making for a great springboard for the next big Doge pump. This bullish pennant targets a big move up to $1.30! Chart: Trader Tardigrade pic.twitter.com/cho062TLNU — KrissPax (@krisspax) December 3, 2024 What Could Drive The Dogecoin Price To $1.3? At the time of writing, Dogecoin is trading at $0.419, according to CoinMarketCap, reflecting an impressive surge of about 178% over the past 30 days. Should Dogecoin manage to sustain its upward trajectory and achieve a breakout toward the $1.30 target, it would represent an additional 210% increase from its current price, as well as a decisive move beyond its all-time high of $0.7316. Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout However, the path to $1.30 depends on other market factors that extend beyond the bullish pennant pattern currently forming in Dogecoin’s price chart. Nonetheless, current market factors suggest that the meme coin’s price is still in a good position to keep growing. A key contributor to this outlook is the recent surge in activity on the Dogecoin blockchain, particularly among large holders. According to data from blockchain analytics firm Santiment, there has been a significant whale accumulation over the past several days. According to Santiment’s data, Dogecoin whales collectively acquired an additional 160 million $DOGE tokens within just 48 hours. This increase in demand could help sustain Dogecoin’s price rally and support its bid to surpass previous highs. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move. Market sentiment remains optimistic as Dogecoin continues to attract attention from retail and institutional players. Related Reading: Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong Top analyst Altstreet Bets recently shared a detailed technical analysis, suggesting that Dogecoin is poised for another rally. According to his analysis, DOGE is forming a strong base, indicating that a breakout could be imminent. Altstreet Bets has set an ambitious target of $0.65, predicting that the meme coin leader could reach this level in the coming weeks if current support holds and demand increases. Dogecoin’s consolidation phase is not unusual following a significant rally, as the market often takes time to stabilize before continuing its upward trajectory. For DOGE, breaking above $0.48 will signal that it is ready to resume its rally. As market participants closely watch for signs of a breakout, Dogecoin’s ability to hold current support levels will determine whether it can live up to its bullish expectations and reach new highs shortly. Can Dogecoin Rally Continue? Dogecoin has captivated the market with impressive gains of approximately 220% since November 5, fueling optimism among investors who believe the meme coin has more upside potential this cycle. However, the price is currently stuck below its $0.48 local high, set on November 23, raising concerns about whether it can sustain its momentum. DOGE must break decisively above this critical resistance level to reclaim its bullish trend. Altstreet Bets offered a compelling analysis on X, suggesting that Dogecoin is primed for another run. According to his insights, a breakout above the $0.45-$0.48 range would confirm renewed momentum, potentially driving the price to $0.67. Such a move would represent a 60% continuation of its ongoing trend and solidify Dogecoin’s leadership in the meme coin market. Despite the optimism, risks remain. Dogecoin could face further consolidation or a correction as the broader market waits for the next catalyst. The price action around the $0.45-$0.48 level will be critical in determining the coin’s trajectory. If DOGE fails to break higher, it may continue its sideways movement or retrace, testing lower support levels as investors reassess their strategies. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together For now, the market’s attention remains fixed on Dogecoin, with its ability to hold current levels and overcome resistance being pivotal in maintaining its upward momentum. DOGE Approaches Pivotal Resistance Dogecoin is currently trading at $0.42, experiencing days of sideways price action and repeated failed attempts to break above the $0.44 resistance level. This critical level has proven to be a tough barrier, holding back DOGE’s bullish momentum. However, analysts agree that once Dogecoin breaks above $0.44, a strong bullish breakout could propel the meme coin toward new all-time highs. Despite the optimism, the current lack of a decisive move raises concerns. If Dogecoin fails to break out in the coming days, it risks prolonged consolidation or a potential correction. This scenario could dampen market enthusiasm and lead to a test of lower support levels, further stalling DOGE’s upward trajectory. Related Reading: Bitcoin Price Supported By All-Stablecoins Cash Inflow – Data Reveals Strong Correlation For Dogecoin to sustain its recent momentum and continue its rally, a breakout above the $0.48 mark is critical. Such a move would confirm bullish sentiment and pave the way for massive gains in the weeks ahead. Until then, DOGE remains precarious, with traders closely monitoring its performance as it battles resistance levels. The coming days will be crucial in determining whether Dogecoin can maintain its status as the leader of the meme coin market or face a setback. Featured image from Dall-E, chart from TradingView
Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle’s performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses. Profit-Taking Zones For Dogecoin At Audacious […]
Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts. Over the weekend, Dogecoin whales accumulated an additional 160 million DOGE, signaling potential confidence in the meme coin leader’s upward trajectory. This renewed whale activity comes when Dogecoin attempts to regain momentum and reestablish its market position. Such large-scale accumulation often precedes significant price movements, suggesting the possibility of further upside in the coming weeks. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together As DOGE inches closer to the psychological $1 target, the next few weeks will be critical for the meme coin. A breakout above key resistance levels could reignite retail investors’ enthusiasm and signal the start of a new bullish phase. However, failure to sustain this momentum may lead to continued volatility, testing the patience of even its most loyal supporters. Dogecoin’s path forward remains uncertain, but with whales stepping in and market interest reignited, the stage is set for a potentially transformative period for the popular cryptocurrency. All eyes are on DOGE as it sets its sights on the elusive $1 mark. Dogecoin Sets High Expectations Dogecoin is capturing market attention as it surpasses multi-year resistance levels and embarks on what some are calling an “only up” trajectory. This impressive rally has reignited interest in the meme coin leader, solidifying its dominance in the meme coin market. Analysts and traders closely monitor Dogecoin’s price action, with many expecting further highs. Crypto analyst Ali Martinez shared data from Santiment, revealing that Dogecoin whales accumulated an additional 160 million $DOGE over the weekend. This significant whale activity lends credibility to the bullish narrative surrounding DOGE, suggesting that key market players are positioning themselves for continued upside. Historically, such large-scale purchases often precede substantial price movements, adding to the optimism that Dogecoin could maintain its upward momentum. Despite the bullish sentiment, risks remain. Dogecoin’s performance is closely tied to Bitcoin’s trajectory, which currently faces a crucial test at the $100,000 level. If Bitcoin fails to break above this psychological barrier in the coming days, the broader crypto market could experience a pullback, potentially dragging DOGE down. Related Reading: Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance For now, Dogecoin continues to lead the meme coin market, setting new benchmarks and captivating investors. As whales double down and market dynamics evolve, the coming weeks will determine whether Dogecoin can maintain its rally or face a temporary correction. DOGE Testing Liquidity Dogecoin is positioning itself for a potential bullish continuation as it forms a technical pattern that, once broken, could propel the price to new highs. This pattern reflects growing optimism among traders, aligning with the broader upward momentum in the crypto market. However, DOGE faces a crucial test at the $0.44 resistance level, which has acted as a strong barrier in recent sessions. A decisive break above this level could set the stage for another significant rally. Currently, DOGE is testing demand around the $0.42 mark, a critical support level that has helped sustain its recent price action. Holding this level is essential for maintaining bullish sentiment. If DOGE breaks above $0.44, it could attract renewed buying interest, driving the price into uncharted territory. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Conversely, failure to breach the $0.44 resistance could lead to prolonged consolidation. In such a scenario, DOGE may continue to trade within a tight range as the market awaits further catalysts. If demand weakens, the meme coin could even experience a correction, retesting lower support levels. Featured image from Dall-E, chart from TradingView
The Dogecoin price has continued its consolidation just below the $0.44 level, but positive sentiment remains at a multi-year high. Crypto analyst Kevin, known on the social media platform X as @Kev_Capital_TA, has shared an updated perspective on a positive trajectory for the Dogecoin price, maintaining that the range of $1.30 to $1.50 is still a viable target. His recent post pointed to this price zone as a critical point of interest on his macro chart, aligning with the current market sentiment surrounding Dogecoin. Revisiting Kevin’s Macro Analysis And Earlier Projections This bullish prediction regarding the Dogecoin price builds on Kevin’s earlier analysis from September 18, where he outlined broader price targets as it approached a golden cross on the weekly timeframe for the first time in four years. This technical pattern is often seen as a signal of sustained bullish momentum. Related Reading: Bitcoin Price At $245,000? Here’s When You Should Be Expecting It Back then, he suggested that the Dogecoin price performance during this cycle could lead to price levels ranging from $0.93 for moderate growth to as high as $3.80 in an exceptionally strong market environment. Interestingly, both of these targets would see the Dogecoin price trading at new price territories higher than the 2021 peak. At that time, the Dogecoin price was trading at $0.10 and was on its way to break above the upper trendline of a descending channel. Since then, it has reached a peak of $0.44, translating to a 340% increase. Since the analysis, the meme coin has manifested this golden cross, prompting a strong bullish outlook for its price trajectory. Kevin’s updated $1.30-$1.50 target represents a midpoint that reflects both the coin’s current trajectory and the potential for continued growth under favorable conditions. The Path To $1.5 Dogecoin’s chart patterns and broader market sentiment support Kevin’s optimism. At the time of writing, the Dogecoin price is trading at $0.4237 and has declined by about 2.5% in the past 24 hours since it reached a peak of $0.44. Interestingly, this $0.44 peak saw the Dogecoin price reach its highest point since May 2021. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Reaching the $1.30 or $1.50 price targets would translate to a further 172% and 240% increase, respectively, from the current price level. However, the first step would be a decisive break above $0.44 and then a successive break above its current all-time high of $0.7316. Having already climbed by 330% over the past six weeks, Dogecoin is displaying signs of sustained growth, supported by market conditions and technical indicators. Dogecoin enthusiasts are eagerly anticipating the outcome of the scheduled address by Department Of Government Efficiency leaders Elon Musk and Vivek Ramaswamy to Congress on December 5. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has suggested it is too early to sell Dogecoin at its current price level. This came as he provided a profit-taking zone for the foremost meme coin in this market cycle. Dogecoin Price Top Could Be In Double Digits In an X post, Trader Tardigrade indicated that the Dogecoin price at […]
The Dogecoin price has just broken out from a unique Ascending Triangle pattern, signaling that it could be gearing up for its next critical level. Following recent market trends, Dogecoin (DOGE) has shown resilience, aiming to hit the $1 threshold despite failing to surpass resistance levels. Dogecoin Price Next Critical Level At $0.56 Popular crypto […]
Crypto analyst Kevin Capital has warned about bearish indicators for the Dogecoin price. The analyst stated that Dogecoin has flashed its first sell signal since its bull run began and revealed what to watch out for following this development. Dogecoin Price Flashes Sell Signal In an X post, Kevin Capital said that something to acknowledge […]
The Dogecoin price has undergone bullish action in the last 24 hours on a continued rally from the November 26 low of $0.369. With the Dogecoin price recently trading at an intraday high of $0.4577, this translates to a 24% increase in seven days. Notably, this rally has seen the Dogecoin price break to the […]
Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance. DOGE price started a fresh increase above the $0.440 level. The price is trading above the $0.4350 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.4600 and $0.4640 resistance levels. Dogecoin Price Regains Momentum Dogecoin price started a fresh increase above $0.4150 like Bitcoin and Ethereum. DOGE traded above the $0.4250 and $0.4400 resistance levels. The price is up over 5% and the recent high was formed at $0.4637. The price is now consolidating gains below the $0.450 level. There was a minor decline toward the $0.4450 and $0.4400 levels and the 23.6% Fib retracement level of the upward move from the $0.3646 swing low to the $0.4637 high. Dogecoin price is now trading above the $0.430 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.4550 level. The first major resistance for the bulls could be near the $0.46400 level. The next major resistance is near the $0.4720 level. A close above the $0.4720 resistance might send the price toward the $0.4880 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200. Downside Correction In DOGE? If DOGE’s price fails to climb above the $0.4500 level, it could start another decline. Initial support on the downside is near the $0.4400 level. The next major support is near the $0.430 level and the trend line. The main support sits at $0.4150. If there is a downside break below the $0.4150 support, the price could decline further. In the stated case, the price might decline toward the $0.4000 level or even $0.3800 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 above the 50 level. Major Support Levels – $0.4400 and $0.4300. Major Resistance Levels – $0.4500 and $0.4640.
Dogecoin (DOGE) is currently trading below a key resistance level, signaling the potential for a bullish breakout. However, the price has struggled to surpass this critical barrier, creating uncertainty about the next major move. For Dogecoin to achieve new highs and rekindle investor enthusiasm, breaking this resistance is essential. Top crypto analyst Scofield recently shared a detailed technical analysis on X, highlighting Dogecoin’s readiness to test the psychological $1 mark. According to Scofield, DOGE’s recent price action shows consolidation near resistance, which often precedes a decisive move. He emphasized that a breakout above this level could ignite a rally, pushing the price toward its long-awaited milestone. Related Reading: XRP Breaks Multi-Year Resistance – Main Target Remains $2 Despite this optimism, traders should approach with caution. The struggle to clear resistance indicates that the market may require stronger buying pressure or a catalyst to trigger the next leg up. If Dogecoin fails to break through, it risks a retrace to lower levels, potentially dampening current bullish sentiment. As the broader market shows signs of recovery, Dogecoin remains a focal point for investors seeking high-growth opportunities. The coming days will likely determine whether DOGE can reclaim its momentum and make a serious run toward the $1 level. Dogecoin Pushes Above Key Levels Dogecoin has surged past critical supply levels, positioning itself for a potential rally that could push prices significantly higher. Currently, DOGE is eyeing the last major resistance zone that must be breached to confirm the start of a new bullish cycle. This level represents a decisive point, and a successful breakout would likely attract substantial buying pressure. Top analyst Scofield, known for his accurate technical predictions, recently shared insights on X regarding Dogecoin’s current setup. His analysis highlights a bullish triangle pattern forming on DOGE’s chart, a structure often indicative of an imminent breakout. According to Scofield, the pattern’s apex suggests that Dogecoin is nearing a decisive move, with the psychological $1 mark set as the next major target if the breakout materializes. Scofield’s technical analysis underscores key support levels that DOGE has successfully defended, reinforcing the asset’s bullish potential. The triangle pattern also reflects reduced selling pressure, aligning with growing optimism among traders. However, Scofield cautions that any failure to break above the resistance could lead to a retest of lower levels, delaying the anticipated rally. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target As Dogecoin captures increasing attention in the crypto market, all eyes remain on this pivotal resistance zone. Breaking above it would signal a renewed bullish momentum, setting the stage for DOGE to test and potentially surpass the $1 milestone. Technical Details: DOGE Ready To Rally Again Dogecoin is at $0.426 following an 18% surge to test local supply at $0.43. This critical resistance level has proven challenging for DOGE, as the price has struggled to break above it for over two weeks. Despite the recent upward momentum, the market remains cautious, with analysts highlighting the significance of a decisive breakout above $0.43. A successful push past this resistance could set the stage for a massive rally, attracting renewed interest from both retail and institutional investors. Historically, such breakouts in Dogecoin’s price action have triggered significant upward movements, making this level a key focus for market participants. However, the inability to breach $0.43 could lead to further consolidation below this level, frustrating bullish sentiment. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Adding to the uncertainty is the risk of a potential correction. If DOGE fails to maintain its current levels or faces increased selling pressure, it could revisit lower price points, possibly retesting supports around $0.38 or lower. Analysts emphasize the need for patience, as Dogecoin’s next major move will likely hinge on breaking the $0.43 resistance. For now, DOGE’s trajectory remains uncertain, but the potential for a breakout keeps it on the radar of traders and investors alike. Featured image from DALL-E, chart from TradingView
Dogecoin (DOGE) is consolidating below a critical resistance at $0.43, a price point that has captured the attention of traders and analysts alike. This key level, acting as a significant hurdle, is widely seen as the launchpad for a potential parabolic rally. If DOGE manages to break above this barrier, it could enter uncharted territory and achieve new all-time highs. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a detailed technical and macro analysis on X, highlighting Dogecoin’s strong potential for continuing its bullish momentum. According to Martinez, DOGE is positioned for a parabolic rally, driven by growing interest and increasing adoption in the market. His analysis underlines the importance of the $0.43 resistance level, suggesting that a decisive breakout could trigger substantial upward price action. The meme coin, known for its vibrant community and unpredictable price moves, has gained traction as broader market sentiment turns bullish. With consolidating price action and strengthening technical indicators, Dogecoin appears ready to embark on its next major leg up. The coming days will be critical for determining whether DOGE can overcome this resistance and fulfill the expectations of a parabolic rally. Dogecoin About To Enter Bullish Phase Again Dogecoin’s history of explosive rallies has made it one of the most closely watched cryptocurrencies. The last time DOGE began a significant rally, it surged over 215%, delivering substantial gains and fueling widespread speculation about its price potential. Now, as the meme coin consolidates, investors and analysts are eyeing the next big move. Martinez has provided valuable insights into DOGE’s current price action. He notes that Dogecoin is firmly in a consolidation phase, testing investors’ patience during this parabolic run. Drawing comparisons to similar market conditions in 2017 and 2020, Martinez highlights a critical pattern: the appearance of a TD Sequential sell signal, often signaling a brief correction before the rally resumes. This historical perspective suggests that DOGE’s temporary pause may set the stage for an even more aggressive surge. As the broader market continues to rise, expectations for Dogecoin remain high. Many investors are optimistic that DOGE will soon replicate its past performance and embark on a massive upward trajectory. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Martinez predicts that such a surge will likely align with Bitcoin breaking its all-time highs and crossing the $100,000 threshold, a milestone anticipated as early as next week. If Bitcoin delivers, Dogecoin could follow suit with a breakout to new highs. DOGE Testing Supply Level Dogecoin (DOGE) is currently trading at $0.426, just below the critical resistance level at $0.43. This resistance has so far prevented a bullish continuation, making it a pivotal point for DOGE’s next price action. If the price manages to break above $0.43 and sustain this level for a few days, it could pave the way for a strong breakout and further upside momentum. Investors and traders are closely monitoring this area as a decisive move could trigger a significant rally. However, the $0.43 mark also represents a potential barrier. A failed breakout at this level would likely lead to a correction, pulling the price back to retest lower support zones. In such a scenario, DOGE could drop to around $0.35, depending on broader market sentiment and Bitcoin’s price action. Related Reading: Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge The next few days are crucial as Dogecoin approaches this resistance with heightened market anticipation. Bulls aim for a breakout to sustain the parabolic run, while bears may seize the opportunity to push prices lower if momentum falters. For now, the $0.43 level remains the key to determining DOGE’s immediate direction and whether it will embark on a bullish continuation or face a pullback. Featured image from Dall-E, chart from TradingView
The Dogecoin price chart hints at a potential ascending triangle pattern formation, which could propel its price to new levels. In an X (formerly Twitter) post, a crypto analyst revealed that if the popular meme coin succeeds in creating this bullish technical pattern, it could trigger a price surge to $0.56. Dogecoin Price Eyes $0.5 […]
Crypto analyst KrissPax has revealed that the Dogecoin price has completed the first part of its bull phase, similar to what happened in the 2021 bull run. The analyst further provided insights into what is to come next for Dogecoin. Dogecoin Price Completes First Bull Phase In an X post, KrissPax mentioned that the Dogecoin price has completed its first up-phase this bull cycle, similar to the 2021 and 2017 bull runs. He noted that those previous cycles recorded two additional up-phases with huge percentage gains. Based on this, Dogecoin could record two more up-phases before its price tops in this market cycle. Related Reading: XRP Price Prediction: Analyst Says History Is Repeating Itself, Here’s How The crypto analyst called for patience with the Dogecoin price while it chops sideways a bit, possibly until the next leg of the up-phase begins. Crypto analyst Ali Martinez also mentioned how Dogecoin would test market participants’ patience in this parabolic run. He added that, just like in 2017 and 2020, the TD Sequential has shown a sell signal, which could lead to a brief correction before the bull rally continues. Meanwhile, in a previous analysis, KrissPax provided insights into how high the Dogecoin price could reach in this market cycle and what levels could mark the local tops for remaining up-phases. The crypto analyst predicted that Dogecoin could reach $3 in this bull run. However, he said the first step is for DOGE to reach $1. Therefore, the next up-phase could lead the Dogecoin price to $1. Once that is done, the next up-phase could be a rally to $3, as KrissPax predicted. However, Martinez’s chart showed a channel that could lead DOGE to rally to as high as $14 if it gets to the upper boundary of the channel. The median of the channel puts Dogecoin just above $1.5. Almost Time For The Next Leg Up Crypto analyst Kevin Capital suggested that it is almost time for the Dogecoin price to enjoy its next leg up. In an X post, he stated that Dogecoin has consolidated long enough and that the meme coin has also reset some key indicators on the daily time frame. In line with this, he believes Dogecoin will start heading higher. Related Reading: Bitcoin Price Forms Bullish Pennant On 3-Day Chart, $145,000 Target Swims Into View The crypto analyst added that the next leg will give market participants a good idea of the macro top for the Dogecoin price down the line. Crypto analyst Master Kenobi suggested that the next leg for Dogecoin will come unexpectedly. In an X post, he said that when it happens, it will happen fast. His accompanying chart showed that the Dogecoin price will break above its current all-time high (ATH) on its next leg up and rally to as high as $1.08. At the time of writing, the Dogecoin price is trading at around $0.42, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is once again showing signs of a strong bullish run. Particularly, a golden cross has emerged on the Dogecoin 4-hour price chart, giving rise to what could be the continuation of bullish momentum in the coming weeks. The emergence of this golden cross suggests that buyers are now in control, and the […]
Dogecoin has just showed a Tom Demark (TD) Sequential sell signal, but an analyst has explained how the parabolic run could still continue for DOGE. Dogecoin Is Currently Showing A Pattern Similar To Previous Bull Runs In a new post on X, analyst Ali Martinez has discussed about a TD Sequential signal that has formed for Dogecoin’s weekly price recently. The “TD Sequential” refers to a technical analysis (TA) indicator that points out locations of probable tops and bottoms in a given asset’s price. This indicator involves two phases: the setup and the countdown. During the first of these, candles of the same color are counted up to nine. Once the nine candles are in, the setup is said to be complete, and a reversal in the asset may be expected. Related Reading: Ethereum Open Interest Sets New Record, Analyst Says Fireworks ‘Guaranteed’ Naturally, the price would start heading down if the candles leading up to the setup’s completion were green, while it would catch an updraft if the candles were red. As soon as the setup is over, the countdown begins. This phase of the indicator works similarly to the setup, except for the fact that it lasts for thirteen candles. After these thirteen candles are also in, the asset may be considered to have arrived at another likely point of turnaround. Dogecoin has recently completed the TD Sequential phase of the first type, as the below chart for its weekly price shared by the analyst highlights. As is visible in the graph, Dogecoin has finished the TD Sequential setup with nine green candles, which implies the indicator has just given a sell signal for the memecoin. Considering the indictor’s history, it’s possible that this would lead to a drawdown for the asset. That said, history would also inform us of another thing, as Martinez has highlighted in the chart. It would appear that during each of the last two bull runs, DOGE observed a similar TD Sequential setup in the initial leg of the rally as the one witnessed recently. These signals led into declines for the coin, but the bearish momentum didn’t last very long on either occasion, as the rally renewed each time after a temporary setback. Related Reading: Glassnode’s Bitcoin “Seller Exhaustion” Indicator Just Flashed A Signal: Bottom In? If this trend is to go by, it’s possible that the latest TD Sequential sell signal may also prove to be only a minor obstacle on the way up for the cryptocurrency’s price. From the graph, it’s also visible that the last two Dogecoin bull runs both fit neatly into an ascending parallel channel. The channel has also continued to hold in the current cycle so far, meaning that if DOGE is going to rise all the way toward its upper channel, it might break through the $14 mark. It only remains to be seen, though, whether the asset would repeat the pattern or if this cycle is going to be different from the last two. DOGE Price Dogecoin has hit the snooze during the last couple of weeks as its price has continued to move sideways around the $0.41 mark. Featured image from Dall-E, charts from TradingView.com
Dogecoin has slowed down after a significant parabolic run witnessed in the past few weeks, sparking speculations about its short-term performance. However, considering several positive developments around its price, crypto analysts predict another notable upswing may be in the works, possibly pushing the meme coin to a new all-time high. A New All-Time High On […]
Following its massive rally above the $0.3 mark, the Dogecoin price has been struggling to break past the $0.4 resistance for weeks. A crypto analyst has revealed what could happen if Dogecoin fails to clear this crucial resistance, highlighting bearish scenarios and new price lows for the meme coin. The Dogecoin Price If It Fails […]
Following a recent resurgence in the general market, Dogecoin has begun to display upside momentum toward higher price levels, which has rekindled optimism about its potential to surpass its previous all-time high and set a new peak in the ongoing market cycle. A Leap Towards New All-Time High For Dogecoin Delving into Dogecoin’s current price […]
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 […]
On-chain data shows a Dogecoin whale has just transferred a large amount of DOGE to Coinbase, something that could be bearish for the price. Dogecoin Whale Has Made A Large Exchange Inflow Today According to data from the cryptocurrency transaction tracker service Whale Alert, a couple of large transactions have occurred on the DOGE network […]