A crypto analyst, identified as ‘Trading Jesus’ on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin’s resistance and support levels, the analyst has underscored the major hindrance to the meme coin hitting the $1 milestone. Dogecoin Price Roadmap To The $1 Target In his X post, Trading Jesus shared a Dogecoin chart on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36, the crypto analyst has indicated that the next resistance level for Dogecoin is $0.44. Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout This crucial level could trigger major selling pressures for the meme coin as investors start liquidating their holdings. However, if Dogecoin can successfully break above the $0.44 level, the meme coin could enter a bullish phase, with its next price high at around $0.56. Trading Jesus has highlighted the $0.56 price increase as a profit-taking level at which traders and investors could begin selling their Dogecoin for potential gains. The analyst has also pinpointed a higher resistance level at $0.73336 if Dogecoin can maintain its bullish momentum above that level. At the $0.73336 resistance level, Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone. His chart revealed Dogecoin’s next bullish target to be $0.996 if its price continues increasing. On the flip side, Trading Jesus has also shown the support levels for Dogecoin if it fails to break past key resistance levels. The first support at $0.34 represents a crucial level where buyers might step in if the price of Dogecoin drops. This support level ultimately acts as a barrier to prevent more price drops. If Dogecoin declines below the $0.34 support level, the cryptocurrency could experience further downward pressure, leading to a drop towards the $0.25 mark. If more pullbacks occur, Trading Jesus has revealed that the Dogecoin price could bottom to new lows around the $0.18 level. Analyst Remains Bullish Despite DOGE’s 8% Price Decline While analysts foresee the Dogecoin price hitting $1, others have predicted even higher all-time highs for the popular meme coin. A crypto analyst known as the ‘Cantonese Cat’ on X has unveiled a weekly DOGE price chart projecting a potential leap to $4. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News In the chart, the analyst indicated that Dogecoin is on its way to hitting the $0.42 price level at the 0.786 Fibonacci level. Breaking past this level could trigger a surge towards the 1.618 Fib, representing a price increase above $4.0. The Cantonese cat has revealed that investors and traders likely have three to four weeks to accumulate at Dogecoin’s current price of $0.36 before it shoots up to $4. Featured image created with Dall.E, chart from Tradingview.com
A lawsuit alleging that Elon Musk manipulated the price of Dogecoin is drawing to a close, as investors have decided to withdraw their appeal against a dismissal issued on August 29. This case centered on accusations that Musk, one of the world’s richest individuals, and his electric vehicle company, Tesla, engaged in fraud and insider […]
Data shows Dogecoin and other meme coins are receiving a significant amount of attention on social media, a sign that may not be ideal for Bitcoin. Top 6 Memecoins Have Seen Their Social Dominance Rocket Up Recently In a new post on X, the analytics firm Santiment has discussed about the trend in the Social Dominance for a few different subsections of the cryptocurrency sector. The “Social Dominance” here refers to an indicator that basically tells us about the mindshare that a particular asset or a group of coins has on the major social media platforms right now. Related Reading: Bitcoin Sets Record $93,000 High As Extreme Greed Level Hits 84 More formally, the metric’s value is calculated as a percentage of the discussions related to the top 100 cryptocurrencies by market cap that the given asset is making up for. To determine this, the indicator collects posts/threads/messages available on five platforms: X, Reddit, Telegram, 4Chan, and BitcoinTalk. It then filters them for the keyword in question. Note that for measuring the “discussion,” the metric simply counts up these posts containing at least one mention of the asset, rather than counting up the mentions themselves. The advantage of this methodology is that outlier posts containing hundreds of mentions don’t skew the data. Now, here is the chart shared by the analytics firm that shows how the Social Dominance related to three subsections of the market has changed over the last few months: The three segments in question are the layer 1 top six, the layer 2 top six, and the memecoin top 6. “Layer 1” networks refer to the primary blockchains that handle their own security, like Bitcoin and Ethereum. Networks like Polygon that are built on top of these chains are known as “layer 2.” Naturally, the meme coins refer to the popular meme-based tokens, like Dogecoin and Shiba Inu. From the graph, it’s apparent that the Social Dominance of the layer 1 top 6 had rocketed up a couple of days back as a result of Bitcoin setting multiple new all-time highs (ATHs). BTC has continued to explore new highs since then, but it appears that the focus of social media users has shifted elsewhere, with the Social Dominance of the layer 1 giants witnessing a cooldown. The indicator has stayed relatively low for the layer 2 coins throughout this, implying the traders haven’t been caring much about them recently. The assets that have hogged all the attention have been the memecoins, who have just seen their discussion hit a new record. The reason behind this high interest in these tokens is the impressive rally that Dogecoin has seen over the past week, leaving the rest of the sector in the dust after amassing profits of more than 104%. If the past is anything to go by, though, this outperformance may not be such a good thing. “Historically high speculative asset social dominance typically indicates greed and emotional trading,” notes Santiment. Assets in the cryptocurrency sector tend to move opposite to the crowd’s beliefs, so greed is something that has generally led to tops for the market. Related Reading: XRP NVT Ratio Has Been High Recently: What It Means As such, it’s possible that a shift in focus away from Dogecoin may have to happen, if Bitcoin and others have to continue their bull run. Dogecoin Price At the time of writing, Dogecoin is trading around $0.398, up over 2% in the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin and Solana are two of the largest cryptocurrencies by market cap and are closely positioned within the top ranks of the market, with only BNB separating them. Both cryptocurrencies have seen their respective market caps increase massively in the past 30 days. At the time of writing, Solana has a market cap of $104 […]
Dogecoin in the past few weeks has displayed immense price strength breaking past crucial resistance levels, sparking optimism about its short-term performance. However, this upward momentum could be poised for notable price swings as a crypto analyst has predicted pullbacks in the upcoming days. Historical Trends Puts Dogecoin Investors On A Bumpy Ride Ali Martinez, […]
Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months. Notably, he projects the Bitcoin price reaching between […]
Driven by bullish market sentiment following Donald Trump’s win in the concluded US Presidential election, the Dogecoin price has been steadily increasing, aiming to break through the $0.4 resistance level. A crypto analyst of Trading View has discussed several factors that could propel the Dogecoin price even higher, potentially hitting the $1 mark in this bull market. Key Drivers To Send The Dogecoin Price To $1 A recent post on TradingView discusses the potential for the Dogecoin price to soon hit the coveted $1 milestone. Presenting compelling factors, the report suggests that Dogecoin could see its price surging to $1 with the influence of SpaceX and Tesla CEO Elon Musk. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins To put it more clearly, TradingView has revealed that Musk’s steadfast support and devotion to DOGE could allow the meme coin to steadily grow to a $130 billion market capitalization, representing a $1 price surge. In addition, Dogecoin‘s increasing popularity in the financial space is also set to catalyze a potential price surge. Currently, Dogecoin is one of the most talked-about meme coins in the market, as the cryptocurrency has among the top gainers in this bull market. With more users and investors flooding into the DOGE ecosystem, demand and adoption are poised to rise, potentially triggering a major price spike. According to CoinMarketCap, the Dogecoin price has increased by a staggering 250% in just one month. This massive price surge saw the meme coin jump from around the $0.2 price level to new highs around $0.4. TradingView’s report noted that many analysts foresee the Dogecoin price hitting the $1 price tag in the near future. Notably, Jeremy, a prominent crypto analyst, told his 180,300 followers on X (formerly Twitter) that the Dogecoin price is gearing up to reach $1, driven by Musk’s support and the integration of the meme coin in America’s economy. Other X crypto analysts like ‘Bark’ have projected even higher price surges for DOGE, believing it could rise to $10. DOGE Outperforms Bitcoin During its report, TradingView also revealed that the Dogecoin price is currently outperforming Bitcoin by 150%. As mentioned earlier, Dogecoin has been on a parabolic run recently, jumping 110% in just one week while still accumulating gains as of writing. TradingView’s report revealed that following Trump’s Presidential win in the concluded US election, the Dogecoin price rallied 180%. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? This massive price surge outperformed Bitcoin, which grew only 30% within the same period. While Bitcoin’s price is significantly larger than DOGE and has successfully achieved a new ATH, DOGE, with a lower price of around $0.4, is viewed as a more accessible and profitable option for smaller investors. Despite the clear gains in the Dogecoin price, analysts from TradingView caution against jumping headfirst too quickly. They warn that downturns remain possible and low prices can be deceptive. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is again eyeing a parabolic rally that will put the meme coin in price discovery and send it to new highs in this market cycle. Crypto analyst Mikybull Crypto indicated that the Dogecoin price could replicate its 16,000% surge from 2020 as it enters price discovery. Dogecoin Eyes Parabolic Rally To Price […]
The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formation of a new Department of Government Efficiency (DOGE) to be led by Elon Musk and Vivek Ramaswamy. Interestingly, Dogecoin is up by about 250% in the past 30 days, far outpacing that of Bitcoin’s 40% increase in the same timeframe. This Dogecoin price overperformance against the Bitcoin price has seen the DOGE/BTC pair breaking above a descending trendline. Notably, crypto analyst KALEO forecasts substantial gains for Dogecoin against Bitcoin, noting a significant breakout in the DOGE/BTC pair. Analyst Says A 175% Dogecoin Price Surge May Be On The Horizon Crypto analyst KALEO highlighted a promising outlook for the Dogecoin price with his recent analysis of the DOGE/BTC trading pair. According to the price chart shared by the analyst, the Dogecoin/Bitcoin pair has been trending downwards since the first half of 2021. This downward path has been full of lower highs and lower lows, leading to the creation of a channel downtrend on a higher timeframe (HTF). However, the recent performance saw the pair break out of the upper trendline. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, the last time this happened was in early 2021, just before the crazy 175% rally that sent the Dogecoin price surging to the current all-time high of $0.7316. He pointed out that the current Dogecoin price movement reflects similar momentum, suggesting another rapid 175% rise could be imminent. KALEO emphasized that recent market conditions, Dogecoin’s resilience, and growing interest stemming from Donald Trump and Elon Musk’s DOGE’s department have contributed to a favorable setup for a potential rally. “With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push again, I wouldn’t be surprised to see something similar here,” he commented. Dogecoin Accumulation Points To A Continued Price Surge Aside from the technical analysis of the Dogecoin price breakout above Bitcoin, KALEO also points out an interesting accumulation trend in the last 48 hours after the breakout. As it stands, the DOGE/BTC pair seems to be taking a breather and is now consolidating within a range. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins He noted that the current accumulation phase is taking place just above the higher timeframe resistance level, setting a strong foundation for Dogecoin’s next bullish move. This accumulation trend has served as a launchpad in past rallies, and this could also repeat itself soon. The broader crypto market landscape also supports KALEO’s bullish prediction for Dogecoin against Bitcoin. Not only is Dogecoin set to keep outperforming Dogecoin, the projected Dogecoin rally is going to be more pronounced considering the Bitcoin price is also projected to keep climbing. At the time of writing, Dogecoin is trading at $0.401, while Bitcoin is trading at $90,800. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) continues to lead the crypto market with its 116% surge over the last week. The memecoin’s frenzy has outperformed most to 100 cryptocurrencies and even made DOGE’s price in South Korean exchanges briefly rise higher than global exchanges like Binance. Related Reading: Solana (SOL) Records 3-Year High As Price Hits $220, Is $260 Next? ‘Kimchi Premium’ Returns Amid Dogecoin Rally Trump’s victory sparked a massive crypto market rally, creating a craze around the leading memecoin Dogecoin. The token’s trading volume increased 157% in the last seven days, driving DOGE’s price from trading below the $0.20 mark to above the $0.40 range. This week, the Dogecoin frenzy arrived in South Korea, eclipsing a significant share of the Korean market. Web3 analyst Bradley Park highlighted that the memecoin had a remarkable $10.6 billion 24-hour trading volume on the Korean exchange Upbit. Based on CryptoQuant data, the analyst pointed out that Dogecoin was the local crypto exchange’s top-traded token, with 32.4% of the total volume as of Wednesday, surpassing Bitcoin (BTC). Moreover, on Tuesday, Dogecoin saw a spike in volume globally, reaching $22 billion in a single day. Upbit accounted for 20.7% of DOGE’s global trading volume, falling second to Binance’s 41.5% share. The memecoin’s spike in Korean demand sparked DOGE’s “Kimchi Premium” on Korean top crypto exchanges. “Kimchi Premium” refers to the price gap of a cryptocurrency between South Korean and global exchanges. On Tuesday, the DOGE/KRW trading pair on Upbit and Bithumb briefly surpassed the DOGE/USDT pair on Binance by 1.5%, recording the largest premium in three months. At the time of writing, Upbit’s DOGE/USDT trading pair is trading at $0.433, 1.6% above Binance’s $0.426 trading price. DOGE About To Reach The Moon? Dogecoin’s performance has sparked a bullish sentiment among investors. According to crypto analyst Kaleo, the memecoin is “in the process of making the massive impulse move to the new all-time Highs at the early stages of a new bull market that it is known for.” The analyst details that the cryptocurrency makes “swift moves with massive multiples” around 200 days after the Bitcoin Halving, with timing between previous ATHs and the beginning of each move having a “similar cadence.” Related Reading: Market ‘Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues The analyst noted that Dogecoin still has “a lot of room to run up” if history repeats itself. He explained that the last time DOGE moved up from its current levels, it surged 65% to above the $0.7 mark in 24 hours. Moreover, he highlighted that the last time the memecoin registered a breakout like this from its BTC pair, it had a remarkable 175% pump toward its previous ATH. Based on this, the analyst forecasted that the long-awaited $1 target for the memecoin will be reached soon. Dogecoin is trading at $0.42, a 9.7% and 114% surge in the daily and weekly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com
Dogecoin started a fresh surge above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.4180. DOGE price started a fresh rally like Bitcoin and climbed above the $0.350 resistance level. The price is trading above the $0.3650 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3870 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 $0.4150 resistance levels. Dogecoin Price Eyes Fresh Surge Dogecoin price started a fresh surge after it cleared the $0.320 resistance like Bitcoin and Ethereum. DOGE was able to gain pace for a move above the $0.3800 and $0.400 resistance levels. The pair even surged above $0.4200. A high was formed at $0.4342 and the price is now correcting gains. There was a move below the $0.40 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high. However, the bulls are active near the $0.3850 zone. Dogecoin price is now trading above the $0.3650 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.3870 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high. Immediate resistance on the upside is near the $0.400 level. The next major resistance is near the $0.4150 level. A close above the $0.4150 resistance might send the price toward the $0.4320 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.4650. Are Dips Supported In DOGE? If DOGE’s price fails to climb above the $0.4150 level, it could start a downside correction. Initial support on the downside is near the $0.3870 level and the trend line. The next major support is near the $0.3715 level. The main support sits at $0.3420. If there is a downside break below the $0.3420 support, the price could decline further. In the stated case, the price might decline toward the $0.3150 level or even $0.300 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.3870 and $0.3715. Major Resistance Levels – $0.4000 and $0.4150.
Veteran trader Peter Brandt has brought fresh attention to DOGE by identifying striking similarities between the current Dogecoin price action and the Bitcoin price movements from 2015-2016. Brandt highlighted these patterns in a recent post on social media platform X, suggesting that Dogecoin could be following in Bitcoin’s early footsteps. Peter Brandt’s Observations On Dogecoin […]
The Dogecoin price is starting to reverse some of its gains it made last week. At the time of writing, the Dogecoin price is down by 9% in 24 hours, but it is in a good place to reverse these losses very soon. Particularly, Dogecoin is still on track to close the month at a very long bullish candle. Notably, crypto analyst Trader Tardigrade highlighted this phenomenon for the Dogecoin price on social media platform X. As pointed out by the analyst, Dogecoin is on track to close November above the previous highest monthly close level. Dogecoin Price To Make Higher Monthly Close Breaking above its previous highest monthly close might seem like a routine move during bullish rallies for some cryptocurrencies, but for Dogecoin, it signals something far more significant. Historically, each time the Dogecoin price exhibits this phenomenon, it has always marked the beginning of a stronger rally. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, this occurrence has been rare in Dogecoin’s 11-year history, making it even more impactful when it does happen. What’s more interesting is that whenever it occurs, it has always gained more than 1,000% in just a few months. The last time the Dogecoin price closed above its highest monthly close was in 2021, which ultimately led to a surge of more than 8,000% in about four months. This surge was what led to the current Dogecoin all-time high of around $0.732. Prior to the 2021 rally, a similar breakout took place in 2017. This earlier instance triggered an impressive 1,000% rise over the course of eight months. What Does This Mean The DOGE? Given these historical patterns, we could as well look forward to a repeat of a powerful rally in the coming months. According to price data, the current highest Dogecoin price monthly close is $0.35 in August 2021. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins At the time of writing, the Dogecoin price is well on track to make a new highest monthly close this November. If history were to repeat itself, we could see Dogecoin surging between 1,000% and 8,000% in the coming months. Such a trend would not only be significant for Dogecoin investors but could also have broader implications for other cryptocurrencies in the meme coin market. As pointed out by Trader Tardigrade, a repeat of the first 1,000% case would see Dogecoin reaching $3.6 by July 2025. On the other hand, a repeat of the extraordinary 8,000% case would see Dogecoin reaching $26.9 by March 2025. Even a price movement between these two scenarios would result in a substantial return. At the time of writing, Dogecoin is trading at $0.372. Although it has retraced about 9% in the past 24 hours, Dogecoin is still up by 140% since the beginning of November. Featured image created with Dall.E, chart from Tradingview.com
Max, the founder and Chief Executive Officer (CEO) of Because BTC, a crypto-focused company, has just disclosed that he has sold off his Dogecoin (DOGE) holdings to buy Pepe tokens. This surprising news comes amid a significant decline in the Dogecoin price, which has fallen 9.8% from its previous high. Crypto Founder Dumps DOGE For […]
So far, the $1 target has been a psychological level that market participants expect the Dogecoin price to reach in this bull run. Based on Dogecoin’s Fibonacci levels, crypto analyst Dj Anas has predicted that the foremost meme coin could even reach this target by year-end. Fibonacci Levels Show That The Dogecoin Price Can Reach $1 By Year-End In a TradingView post, crypto analyst Dj Anas cited Dogecoin’s Fibonacci levels as why he believed the price could reach $1 by year-end. Based on the Fibonacci levels, The analyst remarked that Dogecoin is witnessing a solid push on the support-resistance line between $0.25 and $0.27, which could act as a solid foundation for the upward movement to the $1 target. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins Crypto analyst Swallow Premium responded to the post and warned that the Dogecoin price would have to break many resistance levels first if it is to reach this target by year-end. Meanwhile, like Dj Anas, crypto analyst Master Kenobi, who correctly predicted the start of the Dogecoin bull run, has also suggested that the Dogecoin price can reach $1 by year-end. This came as he revealed that Dogecoin was less than 30 days away from completing a 91-day sequence which could lead to the price rally to $1. Master Kenobi further explained that Dogecoin’s current all-time high (ATH) is already slightly above the psychological threshold of a $100 billion market cap, which could propel the Dogecoin price to this target. The accompanying chart he shared shows that DOGE could reach $1 by December 2. Master Kenobi said that the $1 target for the Dogecoin price isn’t just an important psychological threshold but also a major benchmark that validates DOGE’s potential. He added that reaching $1 would mark a new stage in the meme coin’s maturity and solidify its position as an asset with lasting impact. The Next Four Months Could Be Huge For DOGE In an X post, crypto analyst Trader Tardigrade suggested that the next four months could be huge for the Dogecoin price. This came as he revealed that Dogecoin had just surpassed its previous highest monthly close level. The last time this happened, the Dogecoin price recorded a gain of 8,000% in just four months. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Meanwhile, during the 2017 bull run, when this happened, the DOGE price rallied by 1,000% in eight months. As such, Dogecoin could again witness a parabolic rally, just like in 2017 and 2021. The analyst’s accompanying chart showed that the Dogecoin price could rise to $3.6 if it mirrors the 1,000% gain from 2017 and rally to $26 if it mirrors the 8,000% gain from 2021. At the time of writing, the Dogecoin price is trading at around $0.36, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Following the renewed upward price strength of Dogecoin, the largest meme coin, there has been a significant uptick in adoption over the past few weeks, as evidenced by a recent notable rise in small DOGE wallets. As DOGE continues to attract more gains, the growth could help bolster its price and trigger future gains. Wallets […]
Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, how many addresses belong to a particular Dogecoin wallet group. Addresses are divided into these cohorts based on the number of tokens they carry in their current balance. For instance, the 1 to 10 coins group includes all wallets holding between 1 and 10 DOGE. The Supply Distribution for this specific cohort would tell us about the total number of network addresses that satisfy this condition. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up In the context of the current discussion, two address ranges are of interest: 0 to 100,000 coins and 100,000+ coins. The former comprises the small investor groups of the sector, like retail, while the latter includes the large entities like sharks and whales. Generally, the influence of any address on the network increases the more they carry, so the sharks and whales, with their large holdings, can be considered key cohorts of the memecoin. Naturally, the whales are the more important of the two, as they have more massive bags. Now, here is the chart shared by the analytics firm that shows the recent trend in the Dogecoin Supply Distribution over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution has been going up for the 0 to 100,000 coins group for a while now, suggesting more investors of this size have been popping up on the blockchain. More particularly, 74,885 new addresses have appeared inside this range over the last four weeks. During this same window, the 100,000+ tokens cohort has seen a downtrend in the indicator, which suggests some big-money investors have been clearing out their holdings. That said, while 350 Dogecoin sharks and whales have left the network over the past month, things appear to be turning around for the better on smaller timeframes. Related Reading: Dogecoin To As High As $23? This Pattern Could Hint So Around 108 wallets of this size have cropped up on the network in the last couple of days, which would explain where the fuel for the memecoin’s impressive rally has come from. At present, both retail and large holders are witnessing a rise on the network, but it only remains to be seen whether this momentum lasts. Naturally, the uptrend in the Supply Distribution of the sharks and whales is of more significance, given their placement in the market. DOGE Price At the time of writing, Dogecoin is trading around $0.383, up over 21% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin has skyrocketed over 200% in less than three weeks, riding the wave of Bitcoin’s recent record-breaking rally. As BTC surged to new all-time highs, the momentum carried over to altcoins, with Dogecoin leading the pack in aggressive gains. This historic price surge has captured the attention of traders and analysts alike, sparking excitement for DOGE’s future potential in this bullish market phase. Renowned crypto analyst and investor Ali Martinez recently shared a technical analysis highlighting Dogecoin’s upward trajectory, setting bold targets that have left the community buzzing. Related Reading: Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details According to Martinez, if DOGE continues to align with its current macro trend channel, it could reach an impressive $2.4 price target soon. Furthermore, Martinez notes that, under certain conditions, Dogecoin could aim as high as $18 should broader market dynamics and macro support levels remain favorable. With DOGE’s explosive growth and heightened investor interest, these next few weeks will be critical. If market conditions persist and BTC’s bullish trend holds, Dogecoin may continue its path upward, pushing into levels previously considered out of reach. Dogecoin Leading The Memecoin Dogecoin has taken the lead in the meme coin market, surging massively over the past few weeks and drawing attention from investors and analysts alike. With renewed momentum, DOGE has started an uptrend, forming a solid bullish structure that suggests further upside. Many analysts now see Dogecoin as a high-potential asset in the current market cycle, especially as broader sentiment remains positive across major cryptocurrencies. Ali Martinez, a well-regarded crypto analyst and investor, recently shared a technical analysis on X highlighting Dogecoin’s impressive setup within a macro channel. According to Martinez, if DOGE tests the middle or upper boundary of this long-term channel, it could potentially reach ambitious price targets of $2.40 or even $18. Martinez’s optimistic analysis aligns with the broader market view that DOGE, a well-established coin with a strong community and historical price resilience, is primed for significant growth. His analysis underscores the potential for this rally to continue in a major way, especially if BTC maintains its bullish trajectory, supporting altcoin momentum. For investors seeking high-risk, high-reward opportunities, DOGE stands out as a viable option with a potentially huge upside. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside As market participants closely watch for a potential test of these channel boundaries, Dogecoin’s current rally could signal the beginning of a transformative bull run, rewarding those strategically positioned themselves. While volatility is likely, the opportunity for massive gains could attract both retail and institutional interest, setting Dogecoin up as a leading player in this bull market. DOGE Hits Multi-Year Highs Dogecoin has reached a price level not seen since May 2021, breaking several local highs established over the past three and a half years. The recent rally took DOGE to a peak of $0.43, marking a substantial recovery and signaling bullish strength in the meme coin market. After two intense weeks of buying pressure, the price has slightly cooled and is now trading around $0.382, suggesting some consolidation may be underway. A deeper retracement to the $0.34 level would provide a healthy setup, allowing the previous supply zone to flip into a new demand zone, supporting sustained upward movement. Such a pullback would likely appeal to investors looking for re-entry opportunities at a support level before the next bullish leg. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? However, with strong price action in play, a continued move toward the next major resistance at $0.45 remains a realistic scenario. Investors closely following DOGE expect further upside, as the coin’s recent momentum could drive another test of this multi-year resistance. Featured image from Dall-E, chart from TradingView
The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin. This optimistic price forecast comes as the Dogecoin price breaks out of a legendary Bull Pennant pattern, which the analyst has indicated is a major bullish signal. Dogecoin Price Breaks Out […]
A robust market optimism has triggered a bullish run for Dogecoin as the dog-themed meme coin attracts notable price gains over many major cryptocurrency assets with an over 50% daily profit. While the coin has surged significantly over the past few days, a crypto analyst has predicted that the renewed upward strength may be poised […]
The Dogecoin price has started a fresh climb above $0.4 for the first time in over three years, putting it at levels not seen since the 2021 bull market. Particularly, the meme coin is up by about 55% in the past 24 hours, further relaying the bullish sentiment. Interestingly, this latest move on the technical […]
Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1. FLOKI Is The Next Meme Coin To Follow Dogecoin Price In an X post, The Bonk […]
Crypto analyst Ali Martinez predicted that the Dogecoin price could rally significantly, leading to double figures for DOGE. This comes as the crypto market continues to trend upward, with Dogecoin standing out as one of the top gainers. Dogecoin Price To Explode And Reach $18 In an X post, Martinez predicted that the Dogecoin price could explode by 4,500% and rally to $18. He stated that this will happen through a test of the middle or upper boundary of the channel, which puts the DOGE target at $2.40 or $18. Dogecoin will need to test the upper boundary to reach the $18 target, while only a test of the middle boundary will put the price at $2.40. Related Reading: Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000 In an earlier X post, Ali Martinez offered a more bullish outlook for the Dogecoin price. He predicted that the foremost meme coin could rise to as high as $23.26 in this bull run. He claimed that Dogecoin was about to go “parabolic” and cited historical patterns to prove why such a parabolic rally could happen. Based on historical patterns, the analyst stated that a potential top might lie between 1.618 and 2.272 Fibonacci levels, which would put the Dogecoin price between $3.95 and $23.26. Martinez also alluded to Elon Musk’s impact on Dogecoin when he previously stated that DOGE could reach $23 in this market cycle. The Dogecoin price has been on a massive bull run since Donald Trump won the elections, partly because of Elon Musk’s proposed Department of Government Efficiency (D.O.G.E), which would positively impact the meme coin. For context, the Doogecoin is up 139% since Trump’s victory. Update On The DOGE Bull Run Crypto analyst Master Kenobi, who rightly predicted the start of the Dogecoin bull run, has provided an update on what could happen next for the Dogecoin price. He stated that DOGE could range between $0.33 and $0.40 for a while before it pushes to its current all-time high (ATH) at $0.73. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 The analyst further remarked that there will likely be a potential rejection in the initial phase, which he claimed is welcome. This rejection will then be followed by a consolidation period of around one to two weeks, similar to the previous cycles. The analyst also raised the possibility that the Dogecoin price is already replicating its price action in the last cycle. If so, Master Kenobi remarked that this sets the Dogecoin price for a breakout and strengthens the probability of a continued upward trend. Crypto analyst Trader Tardigrade predicted that Dogecoin could rise to as high as $30 if it mirrors its price action in the 2021 bull run. At the time of writing, the Dogecoin price is trading at around $0.41, up over 48% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here’s what they have been up to. Dogecoin Whales Have Been Making Transfers To & From Exchanges According to data from the cryptocurrency transactions tracker service Whale Alert, several large transfers have been spotted on the Dogecoin blockchain […]
An analyst has pointed out a historical Dogecoin pattern that could suggest DOGE might see a bull run to as high as $23 this time around. Dogecoin Could Be About To Go Parabolic According To This Pattern In a new post on X, analyst Ali Martinez has discussed about where Dogecoin could be going next based on the pattern that has been observed during previous bull markets. Related Reading: Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go? Below is the chart shared by the analyst, which shows how DOGE has recently once again been showing a familiar trajectory in its monthly price. From the graph, it’s visible that Dogecoin had been trading inside a Descending Triangle pattern during the last few years, but the coin appears to have found a break above it recently. The Descending Triangle is a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. Generally, the bottom line of the triangle provides support to the asset’s price, while the top one can be a source of resistance. A break out of either of these lines can signal a continuation of trend in that direction. Thus, escapes out of the upper level, like the one that the memecoin has seen recently, can lead to a bullish outcome. As Martinez has highlighted in the chart, this isn’t the first time that Dogecoin has seen a long-term phase of consolidation inside a Descending Triangle. It would appear that the previous two such patterns also saw the cryptocurrency achieve breaks to the upside. Both of these breaks led to sharp bull runs for the coin, so it’s possible that the latest surge in the price is the start of something similar. As for how high DOGE might be able to go this time, the analyst has referred to Fibonacci levels. These levels are based on different ratios from the popular Fibonacci series. The first bull run topped out around the 1.618 Fibonacci level, which corresponds to the famous golden ratio that’s found in many natural formations. Related Reading: Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern The second one saw the cryptocurrency go through a larger jump, with its top being situated around the 2.272 level as measured from the top of the last bull run (corresponding to 1.000). Based on these tops, Martinez believes that the top of the next Dogecoin bull run might lie somewhere between the two levels. Relative to the last bull run top, the 1.618 lower cutoff of the range translates to around $3.95, while the upper 2.272 one to about $23.26. If Dogecoin can manage to touch even the first of these targets, its price would have seen growth of over 1,310% from where it’s today. DOGE Price At the time of writing, Dogecoin is trading at around $0.285, up 86% over the last seven days. Featured image from Dall-E, charts from TradingView.com
A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]
The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could set off a price rally toward the $1 mark. Golden Cross Sparks $1 Target For Dogecoin Price The world’s largest meme coin, Dogecoin, has just completed the “Textbook Weekly Golden Cross“ for the first time in four years, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally. According to Kevin, a Golden Cross typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA indicates a price average over a longer term. More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target. Kevin shared a price chart Depicting Dogecoin’s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets for the meme coin, with some even surpassing the $1 target. Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1. Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards. Analyst Says Golden Cross To Drive DOGE Even Higher In another X post, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin. The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as ”life-changing rallies“ when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin is on a path of remarkable growth following the renewed market upswing due to the United States Presidential election results, surpassing several strong resistance levels and crucial bullish patterns along the way that could further push the dog-themed meme coin into pivotal price areas. Dogecoin Upward Momentum Fueled By A Textbook Golden Cross Speculations […]
The Dogecoin price has been on a crazy inflow trend since the beginning of November. This trend, stemming from an increase in activity, has seen the Dogecoin price now trading at a new 2024 high. Notably, the Dogecoin price recently achieved a significant milestone by reaching the $0.30 mark, a level not seen since August […]
Crypto trader Melika correctly predicted that the Dogecoin price would rally to $0.3 back in October. Interestingly, this was only the trader’s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term. Dogecoin Price To Rise To $3.80 In The Long Term In the TradingView post, Melika predicted that the Dogecoin price could rise to $3.80 in the long term. The crypto trader gave these price targets back in October based on a cup-and-handle pattern forming on Dogecoin’s chart. This is a bullish continuation pattern in which the price rallies after a consolidation phase. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 Back in October, Melika stated that if the handle pattern completes and breaks upward, the Dogecoin price could reach $0.38 and $0.52 as immediate targets. He added that a breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, which aligns with higher resistance levels, which he highlighted on the chart. In a recent update on the October post, Melika confirmed that the trade is still active and that the Dogecoin price is heading toward the target. As such, Dogecoin will likely rally to $0.52 soon enough and then $3.80 in the long term. Crypto analyst Dima James also recently highlighted a cup-and-handle pattern that was forming for DOGE, as he predicted that the Dogecoin price could reach $10. The analyst noted that the meme coin has formed this bullish pattern in every market cycle. Dogecoin rallied over 3,300% in 2016 and 12,000% in 2021 after this cup-and-handle pattern formed. DOGE Completes First Weekly Golden Cross In Four Years Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that Dogecoin has completed the textbook weekly Golden Cross for the first time in four years, with the 50 SMA crossing the 200. The analyst noted that this signals that the Dogecoin price will likely rise soon enough. Related Reading: Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle? He further revealed that in 2020, when the Golden Cross happened, the Dogecoin price dipped for a couple of weeks before surging to new all-time highs. As such, he warned market participants to be slightly cautious in the short term since Dogecoin could again experience a correction, just like in 2020. However, he added that if the Bitcoin price decides to maintain its upward trend, then DOGE will also do so. Meanwhile, in another X post, Kevin Capital opined that a Dogecoin price rally to $3.90 in this market cycle looks unlikely. He added that a rise to $1.80 is also a stretch but can definitely happen depending on Bitcoin’s performance in this bull run. At the time of writing, the Dogecoin price is trading at around $0.28, up over 25% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com