The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained loyal to the meme coin despite various crashes that have rocked the price. Even with Dogecoin sitting more than 85% below its May 2021 all-time high of $0.73, expectations for the meme coin’s performance are still very high. Given its historical performance, the DOGE price usually gets a window of opportunity for a surge, and it seems like another window is finally opening up. The Bullish Thesis For Dogecoin Crypto trader and analyst Dima James Potts took to the X platform to share a bullish outlook for the Dogecoin price. The analyst’s forecast takes into account a number of factors, ranging from historical performance to adoption. Nevertheless, the end result remains the same and that is the fact that the DOGE price could be set to surge. Related Reading: Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon Potts compared the current movement of the Dogecoin price to that of 2017 and 2020 to reveal a bullish trend. As the analyst explains, each time, before the Dogecoin price rallied, it broke above the white line and then closed the week above it, as shown in the image below: Each time this happened, the DOGE price went on a parabolic run, and now, once again, the Dogecoin price has broken above the white line. This is bullish for the price, according to the analyst, serving as confirmation. However, the second part of this trend is yet to be completed and that is closing the week above the white line. Since the breakout occurred on Sunday, the DOGE price still has the rest of the week to complete this move. The breakout is, however, not the only reason that Potts is bullish on the Dogecoin price. He also points to the increased adoption and low price as reasons why the price could rise to new highs. Also, with more technological updates that provide for faster transactions and higher levels of security, the analyst believes that this “could further bolster Dogecoin’s utility and appeal.” A Possible 11,000% Surge? Taking into account the previous Dogecoin rallies and how they have played out, the analyst pointed out that each rally is more significant than the last. For example, there was a 9,300% surge in 2017 and a 29,000% surge in 2020/2021. Going by this, the analyst believes that the DOGE price could also see a significant rally this time around. Related Reading: Analyst Says Bitcoin Is In The ‘Final Test’, Here’s Where The BTC Price Is Headed Next The bottom of the rally is place at around 11,167%, which would put the price above $10. Meanwhile, the top of the Dogecoin rally in the best case scenario is placed at 40,137%, putting the DOGE price as high as $40. Featured image created with Dall.E, chart from Tradingview.com
An analyst has pointed out how a Dogecoin indicator could be about to show a crossover that proved bullish the last two times for the DOGE price. Dogecoin May Be About To Show A Bullish MACD Crossover As explained by analyst Ali Martinez in a new post on X, a MACD crossover could be about to happen for DOGE soon. The “Moving Average Convergence/Divergence” (MACD) is a technical analysis indicator momentum indicator tracking the difference between two Exponential Moving Averages (EMAs) of an asset. The EMAs that the metric typically uses are the 26-period and the 12-period ones. The latter is subtracted from the former to get the indicator’s value and the line on which these values are plotted is known as the MACD line. Related Reading: Shiba Inu Leads Whale Frenzy: Large SHIB Transfers See Massive 360% Spike There is also another line relevant to the indicator called the signal line, which is just the nine-period EMA of the MACD line. The crossovers between these two lines can serve as buy or sell signals for the given asset. Now, here is the chart shared by the analyst, which shows the trend in the MACD for the Dogecoin weekly price over the past year or so: As displayed in the above graph, the Dogecoin MACD and its signal line have recently come close to touching each other. Currently, the signal line is above the MACD line, but if they continue in their recent trajectories, then their arrangement could be reversed. A crossover of this type is generally considered a bullish sign. In the chart, Martinez has highlighted what happened the last two times that the DOGE weekly price witnessed this trend. “The last two times Dogecoin $DOGE had a MACD bullish crossover on the weekly chart, it rallied 90% and 180%, respectively,” notes the analyst. Given this trend, it’s possible that the meme coin could benefit from a price boost this time as well, should the crossover take place. In some other news, the DOGE Active Addresses have shot up to pretty high levels recently, as Martinez has pointed out in another X post. The “Active Addresses” indicator keeps track of the total amount of Dogecoin addresses that are taking part in some kind of transaction activity on the network every day. In the latest spike, the metric has reached a high of of 84,306, which is the highest that it has been in around six months. Thus, it would seem that users have been quite active with their trades recently. Related Reading: Bitcoin Hype Bites Back As BTC Crashes Under $64,000 From the chart, it’s apparent that the trigger for the spike has been the plunge that DOGE has witnessed recently. Investors generally make panic moves when volatility occurs, so this trend isn’t too unusual. DOGE Price At the time of writing, Dogecoin is trading around $0.105, down almost 4% over the past week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
In an unexpected twist, Dogecoin (DOGE), originally created as a parody of cryptocurrencies, has emerged as a viable payment option for businesses across the United States. A recent Bloomberg report highlights establishments like Williamsburg Pizza in New York and University Sports Grill in Tempe, Arizona, that accept the token for their products, from pizza to […]
Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound. DOGE price started another decline below the $0.1150 and $0.1120 levels. The price is trading below the $0.1120 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.1120 and $0.1175 resistance levels. Dogecoin Price Trims Gains Dogecoin price failed to continue to higher above the $0.1320 resistance zone. DOGE formed a high at $0.1320 and started a downward move like Bitcoin and Ethereum. There was a move below the $0.1200 and $0.1150 levels. The price even dipped below the $0.1120 support. A low was formed at $0.1025 and the price is now consolidating losses. There was a minor increase above the $0.1060 level. Dogecoin price is now trading below the $0.1150 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1095 level. It is close to the 23.6% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. The next major resistance is near the $0.1120 level. A close above the $0.1120 resistance might send the price toward the $0.1175 resistance. There is also a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. Any more gains might send the price toward the $0.1200 level. The next major stop for the bulls might be $0.1320. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1095 level, it could start another decline. Initial support on the downside is near the $0.1060 level. The next major support is near the $0.1050 level. The main support sits at $0.100. If there is a downside break below the $0.100 support, the price could decline further. In the stated case, the price might decline toward the $0.0950 level or even $0.0880 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1060 and $0.1000. Major Resistance Levels – $0.1095 and $0.1120.
Veteran commodity trader Peter Brandt recently drew attention to Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, suggesting a potential bullish breakout. Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181. DOGE peaked at $0.2100 in March before entering its descending pattern. Now, signs indicate that DOGE might be breaking free from this downward trend. Brandt emphasized that the longer-term chart for DOGE could be considered “constructive,” supporting his analysis with the encouraging message, “Get along little doggie.” So far, DOGE has been riding the positive wave seen in the broader crypto market. The asset’s price climbed 8.2% in the past 24 hours, trading at around $0.1235. While this upward trend aligns with the market’s general bullish sentiment, Brandt’s technical analysis suggests that DOGE’s breakout could signal the beginning of a more sustained upward movement. Other Bullish Indicators for DOGE’s Momentum Peter Brandt’s observation is not the only bullish sentiment surrounding Dogecoin. Another prominent crypto analyst, Ali, recently noted that DOGE appears to be showing strength. In an X post uploaded on September 26, Ali pointed out that DOGE has experienced a Relative Strength Index (RSI) and price breakout from multi-month downtrends. Furthermore, the asset has received a buy signal from the SuperTrend indicator. These developments indicate that momentum is potentially shifting toward the meme-based cryptocurrency. Before DOGE’s surge above $0.12 today, Ali had set specific conditions for a full-fledged bullish rally for the asset. These conditions included breaking the descending trendline of RSI on the daily chart and pushing past a resistance level of $0.11. #Dogecoin is gearing up for a bullish breakout! Watch for two key signals: ⭕️First, RSI breaking the descending trendline on the daily chart. ⭕️And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F — Ali (@ali_charts) September 19, 2024 With DOGE successfully achieving both conditions, the analyst’s sentiment has grown increasingly positive about the possibility of an extended rally. Related Reading: Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear? DOGE’s ability to break key technical levels provides a favorable outlook for further price appreciation, indicating that the current rally might not be just a short-term burst. Featured image created with DALL-E, Chart from TradingView
Dogecoin (DOGE) whales are returning, taking the spotlight in the crypto market with a recent 1.4 million DOGE purchase worth over $140 million. This massive buy has caught the attention of the broader crypto community, triggering possibilities of a bullish turnaround for the popular meme coin. Dogecoin Whales Scoop Up 1.4 Million DOGE New reports […]
Dogecoin (DOGE) and Shiba Inu (SHIB) prices have surged by 10% and 22% in the last 24 hours, respectively. These price surges are thanks to developments on the macro side and these meme coins’ fundamentals, which provide a bullish outlook for them. Why Dogecoin And Shiba Inu Prices Are Up Dogecoin and Shiba Inu’s prices […]
Dogecoin holders are working tirelessly to change the crypto’s trajectory after previous weeks of stagnation and disinteresting price action. Notably, on-chain data suggests that large holders of Dogecoin are working on extending a promising price rally last week. Data insights from IntoTheBlock (ITB) reveal that both large holder netflow and exchange netflow are showing significant […]
Expectations for the Dogecoin price remain high as a crypto analyst has predicted a rally to a new all-time high for the meme coin. Not only does the analyst expect an eventual break above the coveted $1 level, they push further, expect Dogecon to put on a parabolic rally that could shock the crypto market. This could catapult the DOGE cryptocurrency forward, and put on a performance that could be reminiscent of its 2021 price surge. Dogecoin Completes Accumulation Phase In an analysis posted on the TradingView website, pseudonymous crypto analyst TradingShot has given a bullish forecast for the Dogecoin price. First, the analyst points back to a previous analysis first shared around a year ago. This analysis had predicted that the DOGE price would enter an accumulation phase before the surge. Related Reading: Diamond Hand Ethereum Whale Moves 15,000 ETH, Here’s The Destination Fast forward to the present, the crypto analyst explains that Dogecoin did, in fact, enter this accumulation phase and completed it as predicted. This brings the crypto analyst to the next phase of the forecast, which is the price surge from here. As TradingShot explains, this accumulation phase was present in previous bullish cycle, making it an important fixture here. Furthermore, a bullish cross at the 1-Week 50 and 00-Moving Averages, as well as the 1-Week 100-Moving Average holding steady after coming to a Channel Down/Bull Flag, leads it into its Parabolic Rally phase, which is where the fun begins. Price Targets For DOGE’s Parabolic Rally With the Dogecoin price now entering the parabolic rally phase of the forecast, the crypto analyst has presented the possible levels that the DOGE price could reach. For the most conservative lives, the crypto analyst predicts that a rise to $2 is possible. TradingShot refers to this 1,760% rally from the current level as the “proper target” for this cycle. Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish However, just like with any parabolic rally, there is the possibility that the price will continue to rise even after reaching its realistic target. In what the analyst calls an “overextension case,” they explain that the price could rise 5,500% to reach as high as $6. But there would have to be some new developments, such as “some news/ fundamentals introduce new uses/ adoption for Doge and the market reacts with very aggressive capital inflows.” As for the timeline for when this forecast would be realize, it doesn’t seem too far off as the analyst puts it sometime in 2025.Using the previous cycle tops for Dogecoin’s parabolic rallies, TradingShot puts the pico top sometime around August 4, 2025. This means there’s only 11 months left until this whole prediction could come to fruition. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin finds itself at a crucial price level following a broader market surge driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. The meme coin is teetering on the edge of breaking a key resistance level, which could trigger a significant rally to new highs. Related Reading: Bitcoin Volatility Still Low […]
With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoin’s price. So, what could this muted open interest mean for the meme coin’s price going forward? Dogecoin Open Interest Fails To Move According to data from the Coinglass website, the Dogecoin open interest has failed to surpass the $500 million level once again. On Thursday, the Dogecoin open interest was $493.97 million, which is a long way from its all-time high. This comes even as the meme coin’s open interest surged 6.9% in the 24-hour period, with notable jumps across crypto exchange such as OKX and Bitget. Related Reading: October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000 Despite this increase, the Dogecoin open interest is still firmly below its August highs. The open interest started out in August above $618 million. However, since then, it has remained muted, suggesting that crypto traders have turned their attention elsewhere. Even more concerning is the fact that the open interest is more than 70% below its all-time high from March 2024. On March 29, 2024, the Dogecoin open interest had reached a new peak of $2.21 billion. But since then, the open interest has been seeing a steady decline. At Thursday’s figures of $498 million, the DOGE open interest is now seeing a 77% decline from its March’s figures. Why This Decline Could Be Good For DOGE The open interest gives the total of the open options or futures contracts in the market for a particular digital asset. Basically, it helps investors to tell if traders are betting heavily on the recovery or decline of a cryptocurrency or not. Related Reading: XRP Price Prediction: Crypto Pundit Predicts Historical 9,468% Pump To $27 Given Dogecoin’s data, it shows that traders are not exactly focused on the meme coin as they used to be. However, this is not always a bad thing, as periods of low open interest have often marked market bottoms. The low open interest usually gives investors a good time to enter into the coin, as the price often declines with the open interest. As the Bitcoin price recovers, it is expected that the Dogecoin price will follow, and when the open interest begins to recover, the DOGE price is expected to grow rapidly with it. A similar scenario was witnessed back in January 2024, with the open interest marking a bottom somewhere around $300 million. However, over the next few months, the open interest rose more than 630%, triggering an over 100% price surge for Dogecoin. If the same scenario plays out here, then the DOGE price could double once more. This would put the price firmly above the $0.2 level, especially with a bull run expected in the last quarter of the year. Featured image created with Dall.E, chart from Tradingview.com
According to a crypto analyst known pseudonymously as Master Kenobi on social media platform X (formerly Twitter), the prime cryptocurrency that’s going to outperform Bitcoin in this market cycle is none other than Dogecoin, the original OG meme coin. The analyst suggested that Dogecoin will outperform Bitcoin in the ongoing market cycle due to the […]
Dogecoin is at a crucial price level following a market surge driven by the Federal Reserve’s announcement of a 50 basis point interest rate cut. The meme coin is on the verge of breaking a resistance that could ignite a rally to new highs. Analysts and investors are making bold predictions, with one analyst forecasting a “conservative” 1,000% surge if the price gains momentum. Related Reading: Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? DOGE has consistently traded above strong demand levels and targets local highs to break its current price structure. A change in this structure could result in a significant rally, lifting the entire meme coin market to new heights. With market sentiment increasingly bullish, the coming days will determine whether Dogecoin will capitalize on this opportunity. Dogecoin Analyst Expects $3 This Cycle The cryptocurrency market is experiencing a surge after weeks of selling pressure and uncertainty. This has raised optimism among investors waiting for a potential bull run that could begin in the next few weeks. Dogecoin is trading at a critical level that could spark a rally to new highs. Notably, a well-known Dogecoin analyst, Kevin, has shared a bold prediction on X, presenting three possible scenarios based on how this market cycle plays out. Kevin’s technical analysis shows that Dogecoin is on the verge of breaking out of a falling wedge pattern, a classic bullish formation often associated with significant price gains. According to his analysis, DOGE is just a few green weeks away from achieving its first golden cross—a key bullish signal—in over four years. Kevin offers three potential price targets depending on market performance: $0.93 if Dogecoin performs well, $2.27 if it experiences substantial outperformance, and $3.80 in an “astronomical” performance scenario. He notes that these outcomes largely depend on how the broader economic liquidity cycle evolves. Despite the excitement surrounding this prediction, Dogecoin faces potential risks. If the price action fails to keep pace with the crypto market, traders and investors could end up empty-handed. Related Reading: XRP ‘The Safest Investment To Make 100% ROI’ – Former Asset Manager Shares Price Targets The coming weeks will determine whether Dogecoin can break out and target these ambitious price levels. With the broader market showing signs of recovery, all eyes are on DOGE to see if it can capitalize on the momentum and reach new heights. DOGE Holding Strong Above $0.10 Dogecoin is trading at $0.104 after a volatile Wednesday, during which the price surged 5% in less than 24 hours. DOGE is approaching key supply levels around $0.115 after successfully reclaiming the 4-hour 200 exponential moving average (EMA) at $0.102 and the 4-hour moving average (MA) at $0.101. This price action suggests short-term strength, sparking optimism among bulls eager to push the price to higher liquidity levels. However, there are risks if DOGE fails to maintain this momentum. If the price struggles to close above $0.108 in the coming days, it could lose its bullish support from these indicators, leading to a deeper correction. In that case, DOGE could potentially target lower prices around $0.097, and losing the 4-hour EMA and MA would indicate weakening momentum. Related Reading: Solana (SOL) Could Crash 40% If It Stays Below $140 – Top Analyst Shares Insights Historically, meme coins tend to rise aggressively when they gain momentum. Any price movement in the coming days could trigger significant volatility. Featured image from Dall-E, chart from TradingView
Dogecoin started a fresh increase from the $0.0985 support against the US Dollar. DOGE could gain pace if it clears the $0.1085 resistance. DOGE price is eyeing an upside break above $0.1085. The price is trading above the $0.100 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.1030 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could rally if it clears the $0.1060 and $0.1085 resistance levels. Dogecoin Price Rises Again After a steady decline, Dogecoin price found support near the $0.0985 level. A base was formed, and DOGE started a decent upward move like Bitcoin and Ethereum. There was a move above the $0.1020 and $0.1040 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $0.1030 on the hourly chart of the DOGE/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $0.1084 swing high to the $0.0985 low. Dogecoin price is now trading above the $0.1040 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1050 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.1084 swing high to the $0.0985 low. The next major resistance is near the $0.1060 level. A close above the $0.1060 resistance might send the price toward the $0.1085 resistance. Any more gains might send the price toward the $0.1150 level. The next major stop for the bulls might be $0.1200. Another Rejection In DOGE? If DOGE’s price fails to climb above the $0.1060 level, it could start another decline. Initial support on the downside is near the $0.1030 level and the same trend line. The next major support is near the $0.1020 level. The main support sits at $0.0985. If there is a downside break below the $0.0985 support, the price could decline further. In the stated case, the price might decline toward the $0.0920 level or even $0.0885 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 – $0.1030 and $0.1000. Major Resistance Levels – $0.1060 and $0.1085.
The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this. As the price rebounds, these whales have increased their activity, moving billions of DOGE to and from their wallets. However, the net flow of these whale wallets paint a bearish story for the DOGE price. Dogecoin Whales Move Over $500 Million The large whale transactions tracked by the IntoTheBlock platform are transactions carrying $100,000 or more. These large transactions, although seeing a drawdown from the previous week’s figures, have maintained a reasonably high level. Over the last two days, the average number of whale transactions have come out to 800, showing that interest from the whales remain high. Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 While the whale transaction numbers actually saw a decrease between Sunday and Monday, going from 899 transactions to 818 transactions, the number of DOGE moved tell a different story. IntoTheBlock’s data shows that 5.19 billion DOGE were moved on Monday compared to 4.59 billion DOGE on Sunday. In dollar terms, this translates to $522.89 million compared to $499.99 million. Nevertheless, these numbers show an average of $500 million being moved by these whales everyday. As the Dogecoin price continues to recover, the whale transactions could balloon from here as investors move to secure their positions. Where Are The Coins Headed? The net flow data for the large whale wallets can tell us where the whales are moving their DOGE coins. This data tracks the inflow and outflows from the Dogecoin whale wallets, meaning how much is entering the wallets and how many coins are leaving. As a result, it can show if these whales are buying or selling at this time. According to the IntoTheBlock data, the inflows into the wallets have declined, while the outflows from these large wallets have risen over the last few days. Inflows dropped from 37.4 million DOGE on Sunday to only 115.11 million DOGE on Monday. This shows that the Dogecoin whales have not been buying as much DOGE during this time. Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 In the same vein, outflows also surged from 18.37 million DOGE on Sunday to 107.71 million DOGE on Monday. This outflow trend suggests that Dogecoin whales are selling rather than buying. It explains the selling pressure on the coin over the last few days, making it hard to reclaim $0.1. However, net flow data, which shows the average of inflows and outflows, has remained almost flat. Nevertheless, the majority of Dogecoin holders look to be in it for the long term as 3.93 million addresses have held their DOGE coins for more than one year. 2.2 million addresses have been holding for between 1 and 12 months. This leaves only 113,660 addresses that have been holding for less than one month. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin maintains its position as one of the most beloved altcoins in the crypto market, and the decline over the last few months has not eroded the bullish expectations for the meme coin. Analysts have continued to point out that the DOGE price is forming multiple bullish patterns on its chart and believe that the […]
Dogecoin (DOGE) is currently trading at $0.102, but the popular meme-based cryptocurrency appears to be positioning itself for a potential move to the upside. Over the past five months, Dogecoin has largely traded in a downtrend with the formation of lower highs and lower lows. This consistent downward pressure has led to the development of a classic price pattern known as a falling wedge. According to a technical analyst who has been closely tracking Dogecoin’s movements, the daily chart suggests that the falling wedge is nearing its conclusion, and a bullish breakout is now in sight. If Dogecoin successfully breaks out of this wedge, the analyst projects a price target of $0.20. Dogecoin Falling Wedge Breaking Bullish A falling wedge is a narrowing price channel that typically signals a reversal from bearish to bullish momentum. The key feature of this pattern is that it shows a gradual reduction in the downward price movement as buyers start to step in, causing price consolidation. In the case of Dogecoin, this pattern was highlighted by a technical analyst known pseudonymously as Crypto Yapper on social media platform X. Related Reading: Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80 According to the DOGE/USDT chart on the 1D candlestick, DOGE has largely been on a downtrend since it peaked at its yearly high of $0.22 in March. At one point, DOGE fell by 63% from $0.22 to a low of $0.08 on August 5. Following this low point in early August, Dogecoin has managed to stage a modest recovery, rising by approximately 25% to its current level. However, DOGE has yet to break above the upper resistance trendline of the falling wedge pattern. $DOGE almost Breaking Out ! This Falling Wedge on the #DOGE daily chart is close to breaking Bullish The break out target for #Dogecoin will be $0.20 pic.twitter.com/MoAQe1Xo6r — Crypto Yapper (@CryptoYapper) September 14, 2024 Since bouncing off $0.088 on September 6, DOGE has traveled upwards to retest the upper trendline of the falling wedge at around $0.108. As noted by Crypto Yapper, a successful break to the upside would see DOGE doubling its current value and reaching $0.20. While this price target might seem modest at first glance, especially considering that Dogecoin had already surpassed $0.20 earlier in the year, it represents the cryptocurrency’s recovery from its prolonged downtrend. This, in turn, could lead to a total change into bullish sentiment, with DOGE eventually breaking above $0.22. Related Reading: Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December Echoing the falling wedge pattern analysis is another DOGE trader (CryptoHotep). According to him, DOGE at $0.10 is a gift. His post featured a similar DOGE/USD price chart featuring the falling wedge pattern from $0.22, albeit with the upper trendline only. This comment was made regarding a forecasted breakout above the upper trendline. Although there wasn’t a projected price target, his comment showed this is probably the best time to buy DOGE before the projected breakout. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) is holding strong above a key price level after a small market dip on Sunday, putting it at a crucial turning point. The meme coin recently broke out of a monthly downtrend that has kept its price suppressed since late March, signaling a potential shift in momentum. Related Reading: Analyst Predicts AVAX Breakout: Is $30 The Next Target? Analysts and investors are growing increasingly optimistic about DOGE’s latest price action, with some predicting that if Dogecoin breaks above the $0.12 mark, it could trigger a larger rally in the meme coin space. However, the next few days will be critical in determining whether DOGE can lead this rally or if it will need a period of consolidation before pushing higher. As the broader crypto market looks for direction, all eyes are on Dogecoin to see if it can capitalize on this positive momentum and set the stage for further gains. Dogecoin Holding Strong Above $0.10 Dogecoin (DOGE) has been between $0.092 and $0.115 since early August, forming a consolidation pattern many analysts believe signals accumulation by smart money. This consolidation suggests that significant players may be preparing for a potential breakout. Some analysts are particularly optimistic, stating that DOGE is breaking out of a monthly downtrend channel that began in late March when Dogecoin was trading at $0.22. One top analyst and investor, Daan, shared a technical analysis on X showing DOGE breaking through this downtrend line, which presents a new opportunity for meme coin investors. Daan emphasizes that if DOGE holds above the critical $0.105 support and can break above the $0.12 level with conviction, the meme coin could aggressively surge to higher prices. According to Daan, once Dogecoin confirms an uptrend, its price skyrockets rapidly, leaving no room for hesitation. Historically, when DOGE enters such phases, it experiences sharp upward movements accompanied by high volatility. Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level – Details This potential move has drawn attention to Dogecoin, as investors and traders alike are eager to see if it will continue to dominate the meme coin sector. The next few days and weeks will be critical in determining whether DOGE can sustain its momentum and break through these key resistance levels. DOGE Price Analysis Dogecoin (DOGE) is trading at $0.101 after experiencing a 7% dip since Friday. Before this decline, DOGE surged over 22% from local lows on September 6, marking a strong recovery in a short period. Last Friday, the price broke above the 4-hour 200 exponential moving average (EMA) at around $0.103, often seen as a signal of short-term strength. However, despite this move, DOGE has struggled to maintain its position above the 4H 200 EMA, and recent price action has hovered just below this key level. For DOGE to regain bullish momentum, it is essential for the price to reclaim the 4H 200 EMA and hold above it. This would provide short-term support and potentially pave the way for targeting higher prices. On the other hand, if DOGE fails to close above this EMA, a deeper correction is likely, with the next major support level expected around $0.097. Related Reading: Cardano (ADA) Whales Securing Gains After 10% Upswing: What’s Next? As the market remains uncertain, the coming days will be critical for DOGE’s price direction. Investors are closely watching whether it can break back above key technical levels or face further downside pressure. Featured image from Dall-E, chart from TradingView
Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support. DOGE price is gaining bearish momentum below $0.1035. The price is trading below the $0.1020 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses and revisit the key support at $0.0980. Dogecoin Price Extends Losses After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like Bitcoin and Ethereum. There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120. More Downsides In DOGE? If DOGE’s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level. The main support sits at $0.0918. If there is a downside break below the $0.0918 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0980 and $0.0918. Major Resistance Levels – $0.1035 and $0.1050.
Dogecoin is making waves once again, with bulls stepping up after a key trendline breakout that could ignite a fresh rally. Following a period of sideways movement, the momentum has shifted in favor of buyers, who now have their sights set on the $0.1293 target. This breakout could mark the beginning of a significant uptrend, […]
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Dogecoin (DOGE) finally recovered above the psychological price of $0.1, providing a bullish outlook for the foremost meme coin. Dogecoin’s price recovery is thanks to several factors, including the recent bounce from the flagship crypto, Bitcoin (BTC). Dogecoin Reovers Following Bitcoin’s Rise Dogecoin recovered above $0.1 following Bitcoin’s rise to as high as $58,000 this […]
As the general cryptocurrency market is witnessing a rebound, assets like Dogecoin, the leading meme coin are attracting strong optimism from the industry as bullish predictions toward the coin’s potential in the short term are on the rise. Dogecoin’s Path To Major Gains In 2025 With the renewed optimism observed in Dogecoin’s price performance, Dima […]
Dogecoin (DOGE) is once again at a critical juncture after facing rejection at the $0.09149 level. This pullback has pushed the price toward a key trendline, putting the cryptocurrency in a decisive position. As Dogecoin tests this crucial support, market watchers are eager to see if the bulls can regroup and trigger a breakout. A successful move above the trendline could open the door for a renewed rally, but failure to hold this level might lead to further downside pressure. This analysis aims to explore Dogecoin’s current price action following its rejection at the $0.09149 level, which has driven the cryptocurrency back to a critical trendline. By examining key technical indicators and market sentiment, we aim to assess whether the bulls have the potential to ignite a breakout above this trendline or if bearish forces will continue to dominate, pushing the price further down. Bullish Or Bearish? Analyzing Market Sentiment On DOGE On the 4-hour chart, following the rejection at $0.09149, Dogecoin has gained momentum, recently crossing above the 100-day Simple Moving Average (SMA) and approaching the bearish trendline. The price action suggests growing positive pressure and market sentiment, which could pave the way for a potential breakout if the trendline is breached. Also, the Composite Trend Oscillator on the 4-hour chart suggests that bullish momentum is increasing and that a potential breakout above the bearish trendline could be on the horizon as both the signal line and the RSI line of the indicator have moved above the zero mark. Related Reading: Bullish Alert For Dogecoin: TD Indicator Flashes Buy Signal As $0.10 Target Looms On the 1-day chart, Dogecoin is showing increasing upward momentum as it seeks to break above the bearish trendline and approach the 100-day simple moving average. Specifically, the positive movement reflects growing market optimism, suggesting that if DOGE successfully surpasses the trendline, it could lead to more gains. Finally, on the 1-day chart, the signal line has crossed above the SMA line of the composite trend oscillator, and both are moving out of the oversold zone toward the zero line. This implies that momentum is shifting positively, indicating a potential recovery and strengthening bullish outlook as the indicator seeks to exit the oversold conditions. Key Trendline In Focus: Will Dogecoin Hold Or Fold? If Dogecoin can break through and hold above this trendline, it may signal a bullish continuation, potentially leading to gains toward $0.1293. A successful breach of this level could pave the way for further increases, with the price possibly testing the $0.1491 mark and exploring even higher resistance zones. Related Reading: Dogecoin Price (DOGE) Slips Into the Red: Key Hurdles to Watch However, should Dogecoin fail to maintain its position above this level, it might drop to the $0.09149 support range. A break below this support could lead to additional declines, with the price potentially testing the $0.07456 mark and reaching other lower support ranges. Dogecoin, with a market capitalization of over $15 billion and a trading volume exceeding $659 million, was trading around $0.103, marking a 6.49% rise at the time of writing. In the past 24 hours, its market cap has surged by 6.50%, while trading volume has skyrocketed by 52.84%, reflecting renewed interest and bullish momentum in the market. Featured image from Unsplash, chart from Tradingview.com
Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market. Dogecoin And Shiba Inu Following Bitcoin’s Path Dogecoin and Shiba Inu have been following Bitcoin’s path, which explains why they continue […]
Dogecoin entered an extended accumulation range after hitting a new yearly peak in May 2024. Since then, the price has fluctuated widely, presumably giving investors time to enter back into the meme coin at lower prices. However, with the market on a decline and expectations for a recovery on the horizon, Dogecoin investors seem to be done with their buying. This signals that the drawn-out accumulation trend could be at an end, something that could be bullish for the meme coin’s price. Why The Dogecoin Accumulation Has Ended Crypto analyst, VIAQUANT, on the TradingView website, has suggested that the Dogecoin accumulation trend is finally at its end. The crypto analyst points to an important indicator, namely the Moving Average, and their positioning being the evidence that this is the case. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold According to VIAQUANT, the Dogecoin price has defended multiple moving averages on important timeframes. This development shows not only strength, but an end to the accumulation phase. The important moving averages here are the 21 Moving Average, the 100 Moving Average, and the 200-Day Moving Average. The analysis points out that on the 3-day chart, the Dogecoin price has held the 200 Moving Average. Next is the 100 Moving Average on the weekly chart, even after a rapid decline over the last week. Last but not least is the 21 Moving Average, which continues to hold tightly on the monthly chart. Given these developments, the crypto analyst believes that these moving averages being held show that the Dogecoin accumulation phase has ended. Not only that, they posit that this also means that the meme coin could be gearing up for another price recovery from here. What Happens To DOGE Price From Here? Presently, Dogecoin prices are still struggling against the headwinds of the bearish crypto market. But if VIAQUANT’s analysis is correct, then this could only be short-lived from here. Given how much the coin has fallen in the last few months, a bounce from here could be phenomenal. Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The crypto analyst points to a similar accumulation trend that took place at the start of 2024. Following that, the DOGE price had bounced more than 100%. Taking that scenario and using it in the current situation, the analyst pegs the Dogecoin price for another 100% surge. This would mean that the price would cross $0.2. Interestingly, the crypto analyst does not expect this move to take long. The chart shows that the move above $0.2 would be completed sometime in November, meaning a 3-month timeframe for the analysis to play out. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050. DOGE price started a fresh decline and traded below $0.0980. The price is trading below the $0.0980 level and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears the $0.100 and $0.1050 levels. Dogecoin Price Faces Challenges In the past few sessions, Dogecoin price saw a fresh decline below the $0.100 level like Bitcoin and Ethereum. The price traded below the $0.0980 level to move further in a bearish zone. There was a spike below the $0.0920 level. A low was formed at $0.0917 and the price is now attempting a recovery wave. There was a minor increase above the $0.0950 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. Dogecoin price is now trading below the $0.100 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0962 level or the 50% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. The next major resistance is near the $0.0985 level. A close above the $0.0985 resistance might send the price toward the $0.100 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.0985 level, it could start another decline. Initial support on the downside is near the $0.0940 level. The next major support is near the $0.0920 level. The main support sits at $0.090. If there is a downside break below the $0.0900 support, the price could decline further. In the stated case, the price might decline toward the $0.0862 level or even $0.0850 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0940 and $0.0920. Major Resistance Levels – $0.0985 and $0.1000.
Dogecoin has become known as one of the altcoins in the crypto market to put on impressive rallies with each bull market cycle. These powerful performances have solidified it as an investor favorite, and the current cycle is no different. With the expectation that the crypto market will see another bull run in the coming […]
Dogecoin (DOGE) recent attempt to regain upward momentum has been abruptly halted as bearish forces reassert their dominance. After a brief rally, the popular meme coin is now under renewed selling pressure, with the price set to retreat toward the $0.1 mark. As negative momentum strengthens, the question is whether Dogecoin can hold this critical level or if further declines are imminent. This article analyzes the recent shift in Dogecoin’s price dynamics as bearish momentum resurfaces. We will explore the sudden reversal, assess key technical indicators, and evaluate whether the $0.1 support level can withstand the pressure or if Dogecoin is poised for deeper decline. As of the time of writing, Dogecoin is trading at approximately $0.1059, reflecting a 3.42% decline. The cryptocurrency boasts a market capitalization exceeding $15 billion, with a trading volume surpassing $535 million. Over the past 24 hours, DOGE’s market capitalization has seen a 3.57% decrease, while trading volume has dipped slightly by 0.83%. Market Sentiment: Bears Tighten Grip On Dogecoin On the 4-hour chart, Dogecoin has displayed strong downbeat momentum following its failure to break above the bearish trendline. The price is now attempting to fall below the 100-day Simple Moving Average (SMA). If DOGE successfully breaches this key level, it could begin a more pronounced downtrend, potentially driving the price down to the next crucial support at $0.0914. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) has slipped below the 50% mark, currently resting at 41%. This decline highlights growing bearish momentum and suggests that selling pressure could intensify. On the daily chart, Dogecoin shows significant negative movement below the 100-day SMA by printing two bearish momentum candlesticks. This bearish surge reflects strong selling pressure and negative market sentiment, increasing the likelihood of DOGE reaching the $0.0914 target soon. Finally, the 1-day RSI shows that bleak pressure on DOGE has returned. The signal line’s upward attempt was cut short at 56% before falling below the 50% mark, now resting at 47%, intensifying selling pressure and a growing pessimistic sentiment for the digital asset. $0.0914 In Sight: Will This Key Support Level Hold? Exploring the significance of the $0.0914 support level and its potential to withstand bearish pressure reveals that if the price reaches this level and breaks below, the crypto asset will continue to move downward toward the $0.0745 support. Should the price fall through this level, it may drop to test the $0.0559 support mark and potentially move lower to explore additional support levels. However, if DOGE reaches the $0.0914 support range and bulls stage a comeback, the price could climb toward the $0.1293 resistance level. When it breaks through this resistance, the cryptocurrency may continue to rise, possibly targeting the $0.1491 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com
A supply squeeze may be on the horizon for the foremost meme coin, Dogecoin (DOGE). This follows a massive surge in DOGE’s stock-to-flow ratio, which is expected to impact its price positively. Related Reading: Is Dogecoin (DOGE) Headed For A 40% Slide? This Analyst Thinks So How Supply Squeeze Could Lead To Price Surge For Dogecoin Data from the on-chain analytics platform Santiment shows that Dogecoin faces a supply squeeze, with the meme coin’s stock-to-flow ratio rising. Between August 18 and 19, this stock-to-flow ratio surged to an all-time high (ATH) of 69.25. This metric measures a commodity’s scarcity and indicates a massive demand for Dogecoin. This development could lead to a supply squeeze for Dogecoin as the demand for the meme coin continues to outpace its supply. Such a supply squeeze ultimately drives up prices, meaning that a significant price rally is currently on the cards for Dogecoin. Other on-chain metrics confirm that demand for Dogecoin is rising and that a price surge could happen anytime soon. Data from the market intelligence platform IntoTheBlock shows that Dogecoin’s large transactions have surged these past few days and hit a 7-day high of 7.37 billion DOGE on August 19. This indicates increased whale activity and suggests that these investors are heavily accumulating Dogecoin ahead of its next leg up, which looks imminent. Furthermore, this shift to accumulation among Dogecoin whales is also evident in the large holders’ netflow, which has spiked by over 3,200% in the last seven days. During this period, this category of investors has recorded more inflows than outflows, indicating that they are adding to their positions and moving them off exchanges. This massive demand for DOGE isn’t only among the whales, as the meme coin’s trading volume over the last 24 hours suggests that retail investors are also accumulating the foremost meme coin. Data from CoinMarketCap shows that Dogecoin’s transaction volume has surged by over 51%, with $625.3 million traded during this period. What To Expect From Dogecoin’s Price Crypto analyst Javon Marks has provided insights into how high Dogecoin could rise on its next leg up. The analyst remarked that the meme coin could enjoy a 513% rally to reach the $0.6533 price target. Interestingly, the analyst added that this price surge could happen at “high speeds,” indicating that it could happen faster than some might imagine. This bullish prediction followed his analysis of Dogecoin’s relative strength index (RSI), which he noted is nearing a breakout point and diverging with prices. With such bullish signals and prices still broken, Marks is confident that a “major bull move” is underway, which would send Dogecoin to this price target. Related Reading: Litecoin And Dogecoin Whales Move Huge Amounts Amid Whale Activities In The Market At the time of writing, Dogecoin is trading at around $0.1052, up over 5% in the last 24 hours, according to data from CoinMarketCap. Cover image from Dall-E, chart from Tradingview