The Dogecoin price now looks like it has established support of around $0.17, having rebounded just below it in the past 24 hours. With the $0.17 price level cleared, the next step is a convincing break above $0.18. Interestingly, technical analysis of the Dogecoin price suggests a strong multi-year resistance level between $0.18 and $0.20. Technical analysis using Elliot waves suggests a break above the resistance levels could open up the path to a peak of $2.4. While this target may seem ambitious, Dogecoin has attracted renewed popularity and recent price gains, which reflect its ability to capture investor interest. This is particularly evident in recent actions by billionaire Elon Musk, who brought Dogecoin into the mainstream conversation. Crypto Analyst Says Dogecoin To $2.4, Elon Musk A Huge Factor Aside from the recent wider increase in crypto prices spearheaded by Bitcoin, it is evident that the current Dogecoin performance has also been bolstered by Elon Musk and his “Department Of Government Efficiency.” Related Reading: End Of The Road For Solana? Analyst Predicts 77% Price Crash To $40 According to an analysis by an analyst that goes by @HovWaves on social media platform X, Dogecoin is prime for a surge to $2.4. As you can imagine, reaching this level would require Dogecoin to attract investment inflows from every corner of investor cohorts. Fortunately, recent events have been drawing increased attention to Dogecoin, one of which is the presidential election campaigns in the United States. Campaigns have seen the introduction of the Department of Government Efficiency by Elon Musk, which is a campaign tactic by Republican candidate Donald Trump to cut $2 trillion in federal spending. Although seemingly unrelated to cryptocurrencies, the term has caught waves among Dogecoin investors, especially as it abbreviates as DOGE, the Dogecoin ticker. Interestingly, Elon Musk has fueled this narrative among Dogecoin investors by recently posting a picture of him alongside the Dogecoin avatar. As HovWaves noted, all the talk surrounding the Department Of Government Efficiency has made DOGE a household name in recent weeks. This surge in interest is reflected in the Dogecoin price, which has increased by 60% since October 1. Dogecoin’s Timeline To Reaching $2.4 According to technical analysis using the Elliot Wave theory, Dogecoin is currently on the third impulse wave, a phase known to be massively bullish. This bullish trend has seen Dogecoin on its way to breaking above a major resistance level, which HovWaves highlighted to be just below $0.18. Related Reading: XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline A successful breakout of the resistance level would open up the stage for Dogecoin to retest its 2024 high of $0.22. A subsequent break above this high would send it towards its all-time high of $0.73 in May 2021. With enough momentum, HovWaves predicted Dogecoin would eventually settle at a price target in the $1.9 to $2.9 confluence area by July 2025. At the time of writing, Dogecoin is trading at $0.1725. A break towards $1.9 and $2.9 would reflect 1,000% and 1,585% gains, respectively. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin and Shiba Inu price have witnessed notable price crashes in the last 24 hours. This development looks to be based on a wave of profit-taking that has followed the recent crypto market rally. Dogecoin And Shiba Inu Price Suffer Significant Crash The Dogecoin and Shiba Inu price are down in the last 24 […]
Dogecoin‘s renewed price momentum has sent shockwaves in the general cryptocurrency sector. Due to this, several enlightened crypto experts have demonstrated robust bullish sentiment toward DOGE as they offer predictions about a possible major rally in the short term while highlighting movements akin to previous trends. Dogecoin To Mirror Past Cycle Trends? Market expert and […]
The Dogecoin price is among the best performers following this recent crypto market rally. Meanwhile, Shiba Inu has closely followed behind and has even flipped Avalanche in the process. This development has led to discussions that the meme coin season might be back. Dogecoin Price And Shiba Inu In The Spotlight The Dogecoin price and […]
With the renewed momentum seen across the entire cryptocurrency, Dogecoin is displaying robust resilience as the dog-themed meme coin has entered into a key chart formation, signaling a potential shift in its price trend and further solidifying its capability for a major rally in this ongoing bull cycle. Dogecoin’s Path To $0.2 Gains Strength In […]
Dogecoin (DOGE) has surged over 39% recently, sparking renewed euphoria and optimism among traders and investors. Key metrics from IntoTheBlock reveal that DOGE network activity has spiked multiple times over the past month, a sign of increased engagement that suggests the meme coin could be primed for more gains. As Bitcoin nears its all-time high, the broader crypto market rally is fueling confidence that DOGE may soon challenge its yearly high of $0.228. Related Reading: Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities The surge in network activity highlights the growing momentum behind DOGE, as new and seasoned investors show heightened interest in the coin. With traders increasingly active, sentiment around Dogecoin has taken a bullish turn, leading many to anticipate further upside. As excitement builds and BTC’s performance hints at continued strength across the market, DOGE’s momentum could see it set new local highs in the coming weeks. Dogecoin Activity Supporting Price Action Dogecoin has finally made its move, and many analysts believe this rally is just beginning. Recent data from IntoTheBlock reveals a substantial uptick in daily active addresses on the Dogecoin network, with several notable spikes in activity over the past month. This increase in network engagement is often a bullish indicator, signaling rising demand and optimism among traders. As DOGE now tests a critical supply level around $0.18, bulls are focused on maintaining momentum to break through this barrier and ultimately target the yearly high of $0.228. Analysts suggest that a successful breakout above $0.18 could set the stage for Dogecoin’s next significant rally. However, if bulls face resistance at this level, a retrace to lower demand zones could provide the liquidity needed to fuel the next leg up. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks – Details The heightened network activity is a promising signal for the DOGE community, as it indicates that new interest is backing price action. With Bitcoin leading the market higher, Dogecoin could continue to benefit from the current wave of enthusiasm in crypto, positioning it well to challenge new highs. For now, DOGE remains one of the coins to watch closely as it navigates critical resistance, with traders eager to see if it can ride this wave toward new heights. DOGE Price Action Signals Strength Dogecoin is trading at $0.172, following a robust 39% surge after rebounding from its daily 200 moving average (MA) at $0.127. Holding this key indicator as support has signaled renewed long-term strength, underscoring DOGE’s potential for a continuing uptrend. Price action remains resilient, with DOGE holding firmly above the $0.165 level, suggesting that bulls are in control and could drive higher prices. Despite the strong momentum, a healthy retrace to $0.165—or even a lower demand level at $0.15—would support the bullish structure, allowing DOGE to gather the necessary liquidity for another leg up. Holding these levels would position DOGE to push toward its next major target: yearly highs around $0.228. Related Reading: Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B With bullish sentiment across the crypto market and DOGE showing solid technical indicators, many analysts view these price levels as potential stepping stones for another rally. Traders and investors will closely watch for signs of strength or a pullback as DOGE prepares for its next test. Featured image from Dall-E, chart from TradingView
Dogecoin is up over 20% and trading above the $0.1650 support zone against the US Dollar. DOGE must clear the $0.1780 resistance to continue higher. DOGE price started a major increase above the $0.1500 resistance level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1715 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rise if it clears the $0.1780 and $0.1800 resistance levels. Dogecoin Price Eyes More Gains Dogecoin price started a fresh surge above the $0.1450 and $0.150 resistance levels. DOGE price gained over 20%, beating Bitcoin and Ethereum. The bulls were able to pump the price above the $0.1650 resistance. A high was formed at $0.1796 and the price is now consolidating gains. It is holding gains above the $0.1720 level. There is also a key bullish trend line forming with support at $0.1715 on the hourly chart of the DOGE/USD pair. The trend line is well above the 23.6% Fib retracement level of the upward move from the $0.1275 swing low to the $0.1794 high. Dogecoin price is now trading above the $0.1650 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1765 level. The next major resistance is near the $0.1780 level. A close above the $0.1780 resistance might send the price toward the $0.1800 resistance. Any more gains might send the price toward the $0.1850 level. The next major stop for the bulls might be $0.2000. Are Dips Supported In DOGE? If DOGE’s price fails to climb above the $0.1780 level, it could start another decline. Initial support on the downside is near the $0.1715 level and the trend line. The next major support is near the $0.1675 level. The main support sits at $0.1630. If there is a downside break below the $0.1630 support, the price could decline further. In the stated case, the price might decline toward the $0.1500 level or even $0.1420 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1715 and $0.1675. Major Resistance Levels – $0.1780 and $0.1800.
Meme coins Dogecoin and Shiba Inu are on double-digit gains in the past 24 hours, leaving many holders in gains overnight. Dogecoin, often hailed as the king of meme cryptocurrencies, has led this rally with a 16% increase in 24 hours, quickly breaking through significant resistance levels at $0.15 and $0.16. The rally isn’t limited […]
The Dogecoin price could soon reach the highly coveted $1, a milestone that many low-priced meme coins aspire to achieve. Taking this into consideration, a crypto analyst has unveiled a new technical pattern in the Dogecoin price chart called the ”Descending Megaphone.” The analyst has suggested that if Dogecoin can break out of this distinct pattern, it could set the stage for a significant rally to higher price targets. Dogecoin Price Eyes $1 Breakout Trader Tardigrade, a crypto analyst on X (formerly Twitter) has pointed out that the Dogecoin daily candle has just closed with a breakout into a “Descending Megaphone pattern.” While this unique technical pattern is a sign of increasing volatility especially during a downtrend, a break above the upper boundary of this chat pattern could indicate a potential upward move. Related Reading: Cardano Price Prediction: Analyst Says 80-90% Correction Is Over With 100% Jump Imminent In the case of Dogecoin, if its price can move beyond the upper line of the Descending Megaphone pattern, it could signal the start of a huge rally. For more clarity, a Descending Megaphone is a bullish chart pattern formed by two diverging trend lines, with the upper line representing the resistance and the lower indicating support. The pattern typically looks like a megaphone with a downward tilt. According to Trader Tardigrade, despite entering this unique chart pattern, the Dogecoin price has been showing signs of strength and momentum on the daily chart. Looking at the meme coin’s daily chart, the analyst has set a price target of $0.2, predicting that Dogecoin could rise to this level as part of its price action within the Descending Megaphone pattern. Trader Tardigrade has shared that he is closely observing how the Dogecoin price behaves within this new pattern formation, paying particular attention to any movement towards the upper boundary of the Descending megaphone. Responding to his bullish predictions, a crypto community member remarked that a $1 price target remains a highly anticipated dream for Dogecoin Trader Tardigrade replied, asserting that this ambitious and coveted price target is no longer a dream for Dogecoin. Bitcoin Price Discovery To Influence DOGE Rally Following his price forecast for Dogecoin, another community member suggested that the Dogecoin price may not reach the $1 target set by Trader Tardigrade without Bitcoin undergoing a price discovery. To this, the analyst simply responded “step by step.” Related Reading: Bitcoin Stock To Flow Model Shows Price Is Ready For Next Phase Transition Above $100,000 The Bitcoin price discovery has been a central topic amongst various crypto analysts in the market lately. Notably, a crypto analyst identified as ‘Crypto Feras’ disclosed that if Bitcoin can break through critical price resistance levels, it could potentially revisit the $72,000, ultimately leading to a price discovery and an immense bullish situation. Considering that a Bitcoin bull run often precedes bullish movements for other cryptocurrencies, Trader Tardigrade has affirmed that after a price discovery, the Dogecoin price could enter a major rally. As of writing, the Dogecoin price was trading at $0.164, marking a staggering 13.72% increase in the last 24 hours, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark. The Relative Strength Index (RSI) has shifted into bullish territory, signaling growing momentum and showing that further gains could be on the horizon. This uptick in RSI suggests that buyer confidence is strengthening, setting Dogecoin up for a significant upward push. This analysis aims to explore Dogecoin’s bullish potential as it approaches a key resistance level at $0.1491. It will provide insights into the increasing buying interest and the possibility of an upward breakout, examining the recent shift in the RSI and other technical indicators. RSI Signals Growing Bullish Sentiment For Dogecoin Following the recent recovery at $0.1293, DOGE’s price on the 4-hour chart has continued to gain pressure, approaching $0.1491 while aiming to break past it. DOGE is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a possible breakout. An analysis of the 4-hour Relative Strength Index (RSI) indicates potential for further upward movement, with the RSI rebounding to the 62% level after a previous dip to 34%. As the RSI continues to rise, traders are increasingly optimistic about the asset’s future performance. If this upside momentum persists, it could pave the way for a significant price increase, possibly challenging key resistance levels. Related Reading: Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher? Also, on the daily chart, Dogecoin has shown strong upside movement, reflected in multiple positive candlesticks following a successful rebound at $0.1293 as it continues to trade above the 100-day SMA. Trading above the 100-day SMA not only suggests that Dogecoin is in a bullish phase but also signifies that previous resistance levels may now serve as support, providing a safety net for future price movements. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates renewed upbeat strength for DOGE as the indicator‘s signal line has risen again to 64% after dropping to 57%, suggesting a sustained optimistic outlook. Potential Upside Targets: What Lies Beyond $0.1491? As Dogecoin nears the $0.1491 resistance level, attention turns to potential upside targets in the event of a breakout. If DOGE successfully breaks through this key threshold, the next significant target could be approximately $0.1649, where historical resistance may come into play. Should the bullish momentum persist and overcome this level, DOGE could advance to test even higher price levels. Related Reading: Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means However, if the meme coin fails to sustain its upward strength, DOGE may retrace to the previous support level of $0.1293. When this level is breached, it could trigger additional declines, which could lead to a drop toward $0.0914 and other lower price ranges. Featured image from Unsplash, chart from Tradingview.com
Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher. Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoin’s next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum. The outcome of this resistance test will likely play a key role in shaping Dogecoin’s path forward, especially if it ignites renewed interest and buying pressure across the market. Dogecoin Price Starting To Rise Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market. Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoin’s short-term trajectory, acting as a potential launchpad for further gains. Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher. Related Reading: Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, it’s clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term. DOGE Technical Levels To Watch DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term. However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView
The Dogecoin price has experienced a significant surge in the last twenty-four hours. This is again thanks to the world’s richest man, Elon Musk, who is known to be a huge supporter of the foremost meme coin. Dogecoin Price Rallies Following DOGE Mention The Dogecoin price rallied following the DOGE mention at the Donald Trump […]
Recent market dynamics have seen the Dogecoin price approaching a significant milestone in its moving averages. As pointed out by an analysis of the TradingView platform, Dogecoin is about to have its first weekly golden cross in four years. This technical pattern, where the 50-week moving average crosses above the 200-week moving average, is very […]
Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term. Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added that an “easy target” measured from the pennant pole is $0.18. Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains The analyst’s accompanying chart showed that the Dogecoin price could reach this target before the month ends. DOGE has already enjoyed a massive uptrend this month as CryptoRank data shows that the foremost meme coin is up over 22% in October, a monthly performance that has only been topped this year by its price gains in February and March. However, a rise to $0.18 this month would match October’s price gains with those recorded in February, when DOGE enjoyed a monthly return of 50%. In March, the Dogecoin price recorded a gain of 87% as it rose to a yearly high of $0.22. The Dogecoin price uptrend this month is expected to extend until year-end and even continue in the new year, as crypto analyst Dima James said the price recovery trend will continue into 2025. Interestingly, the analyst predicted that DOGE could rally to as high as $10 and surpass it sometime next year. He made this prediction based on the 2021 bull pattern, which he claimed the meme coin is replicating again. Meanwhile, Trader Tardigrade recently mentioned that the Dogecoin price had replicated a ‘Reversal box’ move from the 2021 bull run. Because of this pattern, the analyst predicted that DOGE could reach $3.7 next year. The Run To A New All-Time High Of $3 Crypto analyst KrissPax has provided insights into how the Dogecoin price could run to this new all-time high (ATH) of $3. Using the law of diminishing returns, the analyst mentioned that he sees a resistance at $0.22, which, if DOGE breaks above, would send its price to $0.35, another resistance level. Related Reading: Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming? He claimed that a successful break above that resistance level would send the Dogecoin price to its current ATH of $0.73. Once that is done, KrissPax predicts that the foremost meme coin will run to a new ATH at around $3 in 2025. In the meantime, DOGE needs to clear the $0.14 resistance, with a successful breakout possibly leading to the rally to $0.20. At the time of writing, the Dogecoin price is trading at around $0.138, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has enjoyed a sharp 16% rally during the past week. Here’s how this analyst’s “Risk Indicator” is looking for DOGE after this run. Dogecoin Risk Indicator Has Given A Red Signal Recently In a new post on X, CryptoQuant community manager Maartunn has shared a “Risk Indicator” for Dogecoin. As for what the metric does, the analyst has explained, I calculated the percentage change over the last 168 hours (one week). When the percentage change exceeds a specific threshold, it indicates a potential risk zone. Related Reading: Is Too Late To Accumulate Bitcoin? What This Indicator Says The risk here is toward Bitcoin and since the rest of the sector usually follows in its lead, it would also be toward cryptocurrencies as a whole. Below is the chart for the indicator posted by Maartunn. As is visible in the above graph, the Dogecoin Risk Indicator has been giving a signal during the past week or so as the DOGE price has registered a notable jump of 16% From the graph, it’s also apparent that each time the indicator has lit up in the past few months, the price of Bitcoin has probably hit some top. Indeed, since the latest signal has appeared, the BTC rally has been derailed, which implies fast growth in the memecoin’s price may once again have proven to be a bad omen for the sector. Now, why does this pattern exist? The reason is that whenever memecoins break away from Bitcoin and the company, it’s usually a sign that greed is taking over the market. Historically, cryptocurrencies have tended to move in the direction that the crowd expects, so excessive greed often leads to a bearish outcome. Investors have recently been speculating on memecoins like Dogecoin, seeking fast returns. Still, if this previous pattern is to go by, DOGE and others may have to slow down if the market has to continue its uplift. In some other news, the market intelligence platform IntoTheBlock has shared an update on how the average holding time compares between the major cryptocurrency networks in an X post. As displayed in the above table, Bitcoin is leading in this metric, with cryptocurrency investors holding for an average period of 4.4 years before transferring their coins. Related Reading: Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops Ethereum, Dogecoin, and Shiba Inu are all tied for second, with the figure at 2.4 years for each. Thus, while the memecoins do get a lot of speculative activity, they have still managed to establish a userbase that’s as stubborn as that of Ethereum. DOGE Price The Dogecoin rally has slowed in the last few days as the coin’s price is still trading around $0.142. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels. Dogecoin Price Eyes Upside Break Dogecoin price started a downside correction from the $0.1500 resistance zone. DOGE dipped below $0.1450 and $0.1420 levels. A low was formed at $0.1330 and the price is now recovering losses like Bitcoin and Ethereum. There was also a move above the $0.1350 and $0.1380 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. However, the bears are active near the $0.1425 resistance zone. There is also a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. Dogecoin price is now trading below the $0.1420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1425 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.1500 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1425 level, it could start another decline. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1350 level. The main support sits at $0.1320. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 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 near the 50 level. Major Support Levels – $0.1365 and $0.1320. Major Resistance Levels – $0.1425 and $0.1450.
Crypto analyst Trader Tardigrade has drawn the crypto community’s attention to a historical pattern in which the Dogecoin price has replicated this cycle. The analyst indicated this is bullish for the foremost meme coin as he revealed what will likely happen next. Dogecoin Price Replicates Reversal Box Move From 2020 Trader Tardigrade mentioned in an […]
Dogecoin‘s recent price surge to $0.1491 has pushed the Relative Strength Index (RSI) into overbought territory, signaling a potential shift in momentum. As the RSI climbs above 70%, it suggests that the token may be overvalued, raising the possibility of a price correction. As buying pressure slows, market participants are beginning to brace for a […]
Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history. Dogecoin Has Registered A 9% Jump During Last 24 Hours While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be different as its value has witnessed a notable increase. Related Reading: Bitcoin Holders In Profit Hits 95%: Is BTC Overheating? The below chart shows the trend in DOGE’s price over the past month. From the graph, it’s visible that the Dogecoin price has claimed the $0.134 mark with this rally and has surpassed the high from last month. The memecoin is now close to the July top, so if this run continues, the memecoin can potentially have a go at it as well. In terms of the weekly returns, the latest jump has meant that DOGE is now up more than 24%, which has made it the best performer among the top 50 coins by market cap. Dogecoin isn’t the only memecoin that has been rallying; the asset’s cousin Shiba Inu (SHIB) has also enjoyed bullish momentum during the past day, although its jump of 5% is less impressive than DOGE’s. This latest focus on meme coins may not be the best sign for the cryptocurrency sector as a whole. Market Topped Out The Last Time Memecoins Got The Attention According to data from the analytics firm Santiment, the Social Dominance of the memecoins had spiked during the recent Bitcoin top above the $68,000 level. The “Social Dominance” here refers to an indicator that keeps track of the percentage of the discussions related to the top 100 coins on social media that a given coin or group of assets is occupying right now. Here is a chart that shows how the Social Dominance of the top 6 layer 1 assets has compared with that of the top 6 meme coins recently: As displayed in the above graph, the Social Dominance of the memecoins had shot up earlier as Bitcoin and others had rallied, suggesting that investors had started paying attention to these speculative assets. This interest in the meme coins, though, ended up coinciding with the market top. “Typically, markets correct when focus shifts away from layer 1’s and toward more speculative assets due to greed,” explains the analytics firm. With Dogecoin and Shiba Inu pulling away from the pack during the past day, it seems the investor greed is still high, which can potentially lead to more bearish action for Bitcoin and other top assets. Related Reading: Bitcoin Whale Transfers See Massive Spike: Sign Of Profit-Taking? From the chart, it’s visible that the market has tended to reach bottoms when attention has shifted back to the layer 1 networks, so it’s possible that this may have to happen again if the sector-wide run has to continue. Featured image from Dall-E, Santiment.net, chart from TradingView.com
The Dogecoin price is once again gearing up for a significant move to the upside. In a recent price analysis of current price movement and previous price action, an analyst suggested Dogecoin is on track to repeat another parabolic run, potentially sending its price skyrocketing to $10. Dogecoin Price Exhibiting Parabolic Pattern Recent Dogecoin price […]
Dogecoin has just witnessed a rally of around 10% after on-chain data signaled a mass exodus of holders from the DOGE network. Dogecoin Has Seen A Jump Of Almost 12% Over The Past Day This week has brought bullish winds in the cryptocurrency sector as a whole, but among the top coins, one asset in […]
Dogecoin is currently in a consolidation phase following days of sharp volatility and wild price swings. Since the start of October, the meme coin has been trading within a tight sideways range, leaving some investors concerned about whether the anticipated rally for DOGE will ever materialize. The uncertainty in the market has heightened fears that Dogecoin’s price might stagnate further, as bullish momentum seems to have cooled off. Related Reading: Solana Prepares For A 20% Rally – Can SOL Reclaim $176? However, new data from Santiment offers a glimmer of hope for DOGE enthusiasts. The platform’s key metrics show that active addresses on the Dogecoin network have surged to their highest level in eight months. Analysts often consider this spike in network activity as a positive sign, as increased participation and interest can drive price action upward. As traders keep an eye on these developments, this uptick in active addresses could serve as the catalyst needed for the next significant Dogecoin rally. The question remains: will this trend be enough to reignite the bullish sentiment around DOGE, or will it remain stuck in its current range? Dogecoin Network Activity Rising Dogecoin is at the center of intense speculation as investors and analysts debate its future price action. After enduring weeks of volatility and sharp price swings, the meme coin has mirrored the unpredictable nature of the broader crypto market. Currently consolidating above the key $0.10 level, Dogecoin traders are closely watching for signals that could trigger a rally. Investors are eager for a clear bullish confirmation, but so far, the market remains in a state of uncertainty. Critical on-chain data offers some hope for Dogecoin enthusiasts despite the lack of immediate upward momentum. According to Santiment data, shared by crypto analyst Ali on X, active Dogecoin addresses recently surged to 133,880, marking the highest level in eight months. This spike in network activity is often interpreted as a positive sign, suggesting that more traders are engaging with the asset, potentially indicating rising demand. Related Reading: Dogecoin Could Break Yearly Highs ‘Any Moment Now’ – Crypto Analyst Higher active addresses generally signal increased transaction participation, which can create upward pressure on prices if sustained. As this trend unfolds, many investors are hopeful that this increased network activity could serve as a catalyst for the next significant DOGE rally. Whether this surge in activity will translate into higher prices or whether DOGE will continue its sideways consolidation remains to be seen. DOGE Price Action: Key Levels To Watch Dogecoin is currently trading at $0.111 after spending the last 12 days in a narrow range between $0.101 and $0.115. This period of consolidation has kept traders on edge, as the price remains just 5% below the daily 200 exponential moving average (EMA), which sits at $0.116. For bulls to initiate a rally and break out of this sideways trend, the price must first surpass this critical resistance level. However, if DOGE fails to maintain momentum and cannot push above the 1D 200 EMA in the coming weeks, a deeper correction could be on the horizon. In such a scenario, traders should watch for potential support at lower demand levels. The next key support level is around $0.098, with a worst-case scenario declining to $0.088. Related Reading: XRP Will Jump 75% If It Holds Current Demand Level – Details The coming days will be crucial for determining whether Dogecoin can break out of its current range or face further downside. Investors are closely monitoring the price action and network activity for signs of a potential rally or a continued slide to lower support levels. Featured image from Dall-E, chart from TradingView
Dogecoin is now at a crucial demand level after a 4% rise from local lows, stirring serious speculation in the market. The meme coin has caught the attention of analysts and traders, with mixed opinions about its next move. Some believe Dogecoin is preparing for a rally, while others suggest further declines could be ahead. Key data from IntoTheBlock highlights the importance of short-term traders in driving liquidity for meme coins like DOGE. This cohort of traders remains a significant source of activity, often influencing rapid price fluctuations. Related Reading: Solana Bullish Pattern Signals Massive Gains Ahead – 2021 Rally Could Repeat Dogecoin is holding strong above the critical $0.10 level, a key psychological support for the asset. If the price maintains momentum, the next bullish target is around $0.11, which could spark more excitement and buying interest in the market. As speculation continues, all eyes are on whether Dogecoin can sustain its recent strength or if it will face another wave of selling pressure. The coming days determine the meme coin’s direction in the weeks ahead. Dogecoin Price Driven By Speculation Dogecoin faces intense speculation as investors and analysts express differing views about its future price action. After several weeks of ups and downs, the meme coin has been subjected to massive volatility, reflecting the overall market’s erratic behavior. The uncertainty surrounding Dogecoin has led to heated debates about whether it will rally or continue to fall. Key data from IntoTheBlock reveals the pivotal role of short-term traders in driving meme coins, particularly Dogecoin. These tokens thrive on hype and speculative trading activity, and DOGE leads the pack with the highest number of active short-term traders. Over the past week, Dogecoin has seen approximately 113,000 short-term traders, underscoring its dominant position in the meme coin space. Interestingly, DEGEN, a much smaller token, has also attracted around 23,000 short-term traders—similar to Shiba Inu’s, despite DEGEN’s market cap being only 10% of Shiba Inu’s size. This highlights the speculative frenzy within the meme coin ecosystem, where even lesser-known assets garner significant trading activity. Most mid-sized meme coins, in comparison, show only around 4,000 active short-term traders, illustrating Dogecoin’s continued strength. Related Reading: XRP Will Jump 75% If It Holds Current Demand Level – Details Despite the speculative nature of these assets, Dogecoin’s ability to attract the most active traders signifies resilience and hints at a potential for future rallies, even amid broader market uncertainty. DOGE Holding Above $0.10 Dogecoin (DOGE) trades at $0.108, testing the 4-hour 200 moving average (MA) as resistance. Bulls aiming to maintain momentum must reclaim this key indicator to increase prices. The 4-hour 200 exponential moving average (EMA) also sits at $0.1088, just under 1% above the current price. This creates a crucial resistance zone for DOGE. A clear break above the 200 MA and 200 EMA and the psychological $0.11 mark would likely trigger a rally, pushing the price higher as bullish momentum takes hold. However, failure to reclaim these indicators could lead to a more significant correction. In this case, DOGE could face a drop to $0.088, a key lower demand level, signaling further downside in the coming days. Related Reading: Cardano (ADA) Testing $0.34 Support – On-Chain Data Suggests Price Consolidation As Dogecoin continues to test these levels, traders are closely watching for a decisive move that could indicate the next major trend, with the potential for a rally or further decline hinging on whether bulls can reclaim these moving averages and push beyond $0.11. Featured image from Dall-E, chart from TradingView
The Dogecoin price could soon witness another price rally following a recent accumulation trend from crypto whales. Onchain data shows that these whales have bought billions of DOGE tokens in the last week, which could trigger a price surge for the foremost meme coin. Dogecoin Price Could Rally As Whales Buy Over 2 Billion DOGE […]
A new Dogecoin price prediction has put it on another bullish path and this time, forecasting that the meme coin is destined for new all-time highs. In particular, crypto analyst @Kev_Capital_TA on X made a notable forecast regarding the meme coin that could see it finally cross the $1 market. This is entirely based on […]
Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don’t favor risk assets like these meme coins. Dogecoin And Shiba Inu Price Crash Amid Market Uncertainty Dogecoin and Shiba Inu […]
An analyst has explained how Dogecoin could currently be gearing up for the next bull run if historical pattern is anything to go by. Dogecoin Has Recently Shown Similar Trend To Past Cycles In a new post on X, analyst Ali Martinez has discussed about how Dogecoin has been forming a familiar pattern in its monthly price recently. Below is the chart shared by the analyst, which depicts the pattern in question. As is visible in the graph, Dogecoin had been stuck inside a long Descending Triangle between 2021 and 2024. The “Descending Triangle” here refers to a technical analysis (TA) pattern that, as its name suggests, looks like a triangle slopped downwards. Related Reading: Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue? In this pattern, the price of the asset consolidates between two lines: a bottom level parallel to the time-axis and an upper level converging towards the bottom level. Like other TA patterns, the upper level is probable to act as resistance, while the bottom one as support. Also, a break out of either of these lines can imply a continuation of trend in that direction. From the chart, it’s visible that Dogecoin managed to find a break above its multi-year Descending Triangle this year and as the pattern foreshadowed, the surge above the upper level led to a sharp rally, in which the memecoin’s price saw an appreciation of almost 208%. Since the top of the run, though, the asset has witnessed a peak retracement of around 65% so far. This development, however, may not actually be bad, as the analyst has pointed out that the chain of events that Dogecoin has gone through in recent years is in fact similar to what happened on two other occasions in the past. In both of these instances, DOGE broke out of a multi-year Descending Triangle to observe a sharp rally, followed by a retracement of a similar scale as the one witnessed recently. The memecoin then went on to observe full-blown bull runs in both of these cases. Based on this historical pattern, Martinez notes, “after a recent 65% pullback, DOGE could be gearing up for the next big rally!” It now remains to be seen how the asset’s price develops from here and whether any similar rally would follow this time as well or not. Related Reading: XRP Crashes 14% As Whales Send Deposits To Exchanges In some other news, whales have shown rising activity on the Dogecoin network recently, as the analyst has pointed out in another X post. This increased activity from the large holders can lead to more volatility for Dogecoin, which could be towards a net upside if the whales are making these transfers for buying purposes. DOGE Price At the time of writing, Dogecoin is trading around $0.11, down more than 7% over the last week. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
Dogecoin is trading critically, and investors are paying attention as this could shape next week’s price action. After several weeks of volatile market movements marked by sharp ups and downs, the entire crypto market is at a turning point. Many believe this week could set the stage for a massive rally. Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint Top analysts and investors are weighing in, with prominent crypto analyst Ali sharing compelling data that projects a significant surge for Dogecoin in this cycle. According to Ali, if DOGE can break its resistance levels, it could spark a positive trend for the meme coin. This information has impressed many in the crypto space, as Dogecoin has been known for its explosive movements in past cycles. With so much on the line, the next few days could be pivotal for DOGE’s future. Dogecoin Testing Crucial Resistance Dogecoin is testing a crucial resistance at $0.115, with bulls waiting for a breakout that could trigger a new rally. According to crypto analyst Ali, Dogecoin potentially repeats a familiar historical pattern, as shared in his technical analysis on X. Ali’s chart reveals that DOGE has consistently followed a bullish cycle pattern: a breakout from a multi-year descending triangle, a massive 200% surge, followed by a 60% retracement, and then an eventual bull run. Dogecoin has recently experienced a significant 65% pullback, which many believe could set the stage for its next explosive rally. If this pattern holds, DOGE may be on the brink of another major upward movement. Ali suggests that history often repeats itself in crypto, and Dogecoin appears poised to follow the same path. Related Reading: Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand If Dogecoin starts pumping, the price action could be fast and aggressive, as has been the case in previous cycles. Investors are encouraged to closely monitor DOGE in the coming days. A breakout above the $0.115 resistance level could signal the beginning of the next bullish phase. This potential rally could bring significant opportunities for those tracking the market closely. Technical Analysis: Key Levels Dogecoin is trading at $0.111 after a modest attempt to test the daily 200 exponential moving average (EMA) at $0.117. The price now faces a potential for a retracement if it fails to reclaim this key indicator. If DOGE cannot break above the 200 EMA, the price will drop to $0.10, signaling a deeper correction. On the bullish side, if Dogecoin manages to push past the $0.12 mark, it could spark a new rally. The next significant supply level to test would be around $0.14, presenting a crucial target for bulls looking to gain momentum. Related Reading: XRP Price Bullish Potential Grows – A Surge Above $0.65 Will Trigger Buyers As the market remains uncertain, the coming days will determine whether Dogecoin will continue its upward trend or face further downside pressure. Traders are monitoring these levels, as price action near the 200 EMA will dictate the next major move for DOGE. Featured image from Dall-E, chart from TradingView
Dogecoin is recovering losses from the $0.1020 zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1165 resistance. DOGE price started a fresh increase above the $0.1100 resistance level. The price is trading above the $0.1120 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.1100 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1165 and $0.1180 resistance levels. Dogecoin Price Starts Recovery Dogecoin price declined toward the $0.100 support. DOGE traded as low as $0.1012 and recently started a fresh increase like Bitcoin and Ethereum. There was a move above the $0.1060 and $0.1080 resistance levels. The price surpassed the $0.1120 resistance level. There was a break above a major bearish trend line with resistance at $0.1100 on the hourly chart of the DOGE/USD pair. It traded above the 23.6% Fib retracement level of the downward wave from the $0.1320 swing high to the $0.1012 low. Dogecoin price is now trading above the $0.1120 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1165 level. It is close to the 50% Fib retracement level of the downward wave from the $0.1320 swing high to the $0.1012 low. The next major resistance is near the $0.1180 level. A close above the $0.1180 resistance might send the price toward the $0.1240 resistance. Any more gains might send the price toward the $0.1265 level. The next major stop for the bulls might be $0.1320. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1165 level, it could start another decline. Initial support on the downside is near the $0.1120 level. The next major support is near the $0.1100 level. The main support sits at $0.1080. If there is a downside break below the $0.1080 support, the price could decline further. In the stated case, the price might decline toward the $0.1020 level or even $0.0980 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1120 and $0.1080. Major Resistance Levels – $0.1165 and $0.1240.
Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price needs to be reclaimed real soon, or there will be negative consequences. Related Reading: Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon—Here’s Why Dogecoin: Reclaim $0.11 Or What? In a recent post on Elon Musk’s social media platform X, Ali highlighted the importance of the $0.11 price mark for Dogecoin, noting that approximately 60,210 addresses had purchased around 36.40 billion DOGE tokens at this level. He explained that these addresses represent significant support, and if the price remains below $0.11, holders might become increasingly inclined to sell their assets to mitigate potential losses. This selling pressure could accelerate DOGE’s downward trend. 60,210 addresses bought 36.40 billion $DOGE at $0.11! #Dogecoin must reclaim this level soon to sustain a bullish outlook. Otherwise, a failure to do so could lead to a sell-off as investors may seek to minimize losses. pic.twitter.com/BABwVfPGem — Ali (@ali_charts) October 3, 2024 DOGE’s Ongoing Decline: Beginning Of Another Bearish Trend? So far, Dogecoin has been on a downward trajectory, losing a significant portion of its gains from its recent rally. Over the past week, DOGE has dropped by 10.8%. The decline has continued into the past 24 hours, with the asset shedding 4.2% of its value, currently trading at around $0.1019. This price drop has directly impacted DOGE’s market capitalization, falling from over $17 billion last Thursday to around $14.9 billion today. Alongside this, the 24-hour trading volume for DOGE has also seen a noticeable decrease, from $1.4 billion last Thursday to just above $1 billion. While many in the crypto community are panicking concerning this bloodbath, analysts have continued to share their outlook and remain optimistic. Related Reading: Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction—What’s Next? For instance, Trader Tardigrade, a popular crypto analyst, in a recent post on X, suggested that the recent dip in Dogecoin’s price may be a “retest” of its descending trendline following a recent breakout. According to Tardigrade, Dogecoin’s relative strength index (RSI), which measures the magnitude of recent price changes, shows a lower low while DOGE maintains a higher low position. According to technical analysis, this divergence could indicate a possible trend reversal in favor of a bullish move. Tardigrade concluded the post with advice noting: “Understand the TA [technical analysis], and you won’t be shaken out.” Featured image created with DALL-E, Chart from TradingView