A Dogecoin (DOGE) influencer has sounded the alarm about a scam attack targeting members of the DOGE community. The influence has issued a critical warning about a new fraudulent social media account posing as the Dogecoin Foundation. Dogecoin Impersonation Scam Discovered On August 17, a DOGE influencer identified as ‘Inevitable360’ took to X (formerly Twitter) […]
Dogecoin (DOGE) and Shiba Inu’s (SHIB) price actions have been unimpressive in the last 24 hours. This is mainly thanks to Bitcoin’s strong price correlation with the foremost meme coins, with the flagship crypto’s price also on the decline. Why Dogecoin And Shiba Inu’s Prices Are Down Dogecoin and Shiba Inu’s prices are down due […]
Dogecoin has certainly dipped quite far from its highest point so far this year. While this sideways movement and a recent correction have lingered on for quite some time, the price action is a reflection of the wider crypto market movement. However, DOGE continues to attract bullish opinions among traders. Its popularity and status as the largest meme coin continue to generate optimistic sentiment within the trading community. Crypto analyst Astronomer believes DOGE is still prime for a strong bull run on the technical side of things. According to Astronomer, the current price structure of DOGE demonstrates a relative strength that sets it apart from other cryptocurrencies price action since Q4 2023, suggesting that the coin has the potential to recover and even thrive in the near future. DOGE On Track To Rally Above $0.2 Astronomer’s DOGE technical analysis, which he shared on social media platform X, is based on the cryptocurrency’s price action since the fourth quarter of 2023. The crypto market kickstarted its recent market cycle in Q4 2023 after the applications of Spot Bitcoin ETFs by BlackRock and others. Related Reading: Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means This event marked the end of a multi-year bearish cycle, leading to bullish sentiment across the entire crypto market. As a result, many cryptocurrencies experienced substantial price increases, which pushed them to reach new multi-year highs. Although many market participants might argue the market is still largely in a bullish cycle, many cryptocurrencies have corrected even below Q4 2023 prices. However, Astronomer notes that DOGE stands out in this regard, as it has managed to maintain a price level above its Q3 2024 value. At the time of writing, DOGE is trading at $0.1057. Although the meme coin is still up by 29% from its price in the beginning of the year, it has corrected 52% from its yearly high of $0.22. Additionally, DOGE has corrected by 12% from its Q3 2024 opening price of $0.121; a pivotal price point. According to crypto analyst Astronomer, all the cryptocurrency needs now is to break above a new local high to solidify the return of a bullish price run. Price Targets For Dogecoin In terms of a price target, the Dogecoin/Tether US price chart shared by the analyst predicts DOGE will double its current value and climb back above the $0.22 price point later this year. The analyst’s projections are even more bullish, suggesting that DOGE could surpass $0.26, which would represent a remarkable 145% increase from its current trading price. Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When However, the recent DOGE price action suggests various resistances before $0.22. Nonetheless, the analyst remains confident that once DOGE successfully breaks through this local high, it could trigger a renewed and sustained upward movement, further fueling the bullish sentiment surrounding the coin. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price saw a notable plunge over the last day following the Bitcoin price decline. As a result of this, the profitability of Dogecoin holders has declined. However, the majority of DOGE holders continue to be in profit even through these turbulent times, which is a testament to the strength of the meme coin. […]
Dogecoin started a fresh increase above the $0.1050 resistance against the US Dollar. DOGE is correcting gains and might find bids near the $0.1032 level. DOGE price is facing hurdles near the $0.1100 pivot zone. The price is trading near the $0.1040 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.1032 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase above the $0.1065 resistance zone. Dogecoin Price Holds Key Support In the past few sessions, Dogecoin price saw a decent increase above $0.100 like Bitcoin and Ethereum. The price was able to clear the $0.1032 and $0.1050 resistance levels. The bulls even pushed it above $0.1080 and the 100-hourly simple moving average. A high was formed at $0.1090 and the price is now correcting gains. The price declined below the $0.1060 level. There was a drop below the 50% Fib retracement level of the upward move from the $0.1000 swing low to the $0.1090 high. Dogecoin is now trading near the $0.1040 level and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support near $0.1032 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.1000 swing low to the $0.1090 high. Immediate resistance on the upside is near the $0.1065 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward the $0.1100 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1150. More Downsides In DOGE? If DOGE’s price fails to recover above the $0.1065 level, it could continue to move down. Initial support on the downside is near the $0.1032 level. The next major support is near the $0.1020 level. The main support sits at $0.1000. If there is a downside break below the $0.1000 support, the price could decline further. In the stated case, the price might decline toward the $0.0900 level or even $0.0880 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 below the 50 level. Major Support Levels – $0.1032 and $0.1000. Major Resistance Levels – $0.1065 and $0.1100.
Shiba Inu’s lead developer, Shytoshi Kusama, has highlighted a feature that gives Shiba Inu an edge over the foremost meme coin, Dogecoin (DOGE). Despite this development, Dogecoin still looks to be the most preferred choice among crypto enthusiasts based on this important on-chain metric. Shiba Inu’s Edge Over Dogecoin In an X (formerly Twitter) post, […]
Dogecoin has shown a remarkable recovery over the past five days after a significant downturn triggered by a broader market sell-off. During the first five days of August, the cryptocurrency experienced a sharp decline, plummeting by 38%, dropping from $0.1348 to a low of $0.0831. However, DOGE has demonstrated resilience in the face of these challenges. After hitting the $0.0831 mark, the cryptocurrency began to stage a notable comeback. Over the last five days, DOGE has rebounded by approximately 25%, a recovery that has lifted its price significantly from its recent lows. Although this upward movement has not yet been sufficient for holders to fully recoup the losses incurred earlier in the month, it shows the return of positive momentum for DOGE. Related Reading: Dogecoin Price Could Soar 900%: Analyst Predicts What Needs To Happen This partial price recovery has been accompanied by a resurgence in key market metrics, suggesting that investor sentiment towards Dogecoin is beginning to turn bullish once again. Trading volumes have increased, indicating renewed interest and participation in the market. Dogecoin Major Metrics Fire Bullish Signals According to data from IntoTheBlock, this recovery has been accompanied by a surge in daily trading volume, with majority of them being accumulations which have increased the buying pressure. At the time of writing, the volume of large transactions for DOGE in USD stands at an impressive $1.01 billion. This represents a substantial 54% increase from the seven-day low of $654.96 million recorded on August 3, right before it kickstarted its sharp decline. Interestingly, the large transaction trading volume reached a peak of $1.52 billion on August 5, coinciding with when the recovery began. This correlation strongly suggests that large holders, often referred to as “whales,” have been actively participating in the DOGE market during this recovery phase and are driving the upward momentum. Related Reading: Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar Although the large transaction volume metric does not show whether they are accumulations or selloffs, the large holders netflow to exchange netflow ratio suggests the former is the case. This metric tracks the balance between large holder accumulation and inflows into exchanges, offering valuable insights into the behavior of both retail investors and whales. Currently, the ratio is tipping towards large holder accumulation, standing at 3.49%, compared to a negative 1.85% recorded on Monday, August 5. Still on whale activity, IntoTheBlock’s Bulls and Bears metric suggests the scale is starting to tip to the side of the bulls. This metric tracks addresses that have either bought or sold more than 1% of the total trading volume in the last 24 hours, classifying them as bulls or bears, respectively. Over the past two days, there has been a noticeable increase in bullish activity, with 14 bulls compared to 13 bears in the most recent 24-hour period. Although the margin might be narrow, the presence of more bulls than bears indicates that buying interest is starting to outweigh selling pressure. At the time of writing, DOGE is trading at $0.1045. A successful breakout above $0.11 could reignite retail interest, which in turn could contribute to a surge toward the well-anticipated $0.5 price level. Featured image from iStock, chart from Tradingview.com
As bearish momentum intensifies, Dogecoin (DOGE) is facing increasing upward pressure, with recent market trends suggesting a potential increase toward the $0.1144 mark. The price action reflects a continued bullish strength, favoring the bulls and raising concerns about further gains. Technical indicators and market conditions point to a growing likelihood of a rise, targeting the […]
Dogecoin (DOGE) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support. Dogecoin Bounces Off Key Support With $0.1 In Sight Crypto analyst World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give “massive returns” in the coming months. Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000 Crypto analyst Crypto Kaleo highlighted Dogecoin’s impressive bounce above $0.09, with the critical support level of $0.1 currently in sight for the foremost meme coin. Like World of Charts, Crypto Kaleo also suggested that the recent price crash for DOGE was a massive investment opportunity considering the heights the meme coin could still reach in this bull run. The analyst labelled the drop below $0.1 as a “gift” while predicting that Dogecoin will still rise to $1 in the next few months. In a more recent analysis, Crypto Kaleo opined that the worst is over for Dogecoin and that DOGE’s drop to around $0.08 was likely the bottom. He explained that he feels good about where major cap tokens have currently dipped to and doesn’t see them going much lower. As such, Dogecoin is unlikely to dip to between $0.06 and $0.07, which he had expected earlier. As to what is next for Dogecoin, Crypto Kaleo mentioned that the meme coin will experience “several months of chop” in the $0.08 to $0.13 range before it enjoys that parabolic rally to $1 in early 2025. DOGE Not Yet Out Of The Woods Crypto analyst Kevin Capital (formerly OG Yomi) recently offered a different view and suggested that DOGE could still experience a significant price drop before reclaiming the $0.1 support zone. The analyst claimed that Dogecoin is “definitely” still in a downtrend and “has a lot of work to do” before it can flip bullish on its current price structure. Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High However, he noted that the foremost meme coin showed a lot of “resilience” to close the three-day candle above the three-day 200 simple moving average (SMA). He further remarked that Dogecoin’s successful break out above $0.143 would be key to creating a new bullish structure. Kevin is one of the crypto analysts who is most bullish on Dogecoin, as he once predicted that the meme coin could rise to as high as $3 in this market cycle. At the time of writing, Dogecoin is trading around $0.098, down almost in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The total open interest of any asset can help to narrow down what traders are doing when it comes to a coin, and Dogecoin is no different. As with any metric, a rise or fall within a period of time can be significant as traders choose to take or not take positions in that asset. In Dogecoin’s case, there has been a decline in the open interest over the last week, and this could have some implications for the DOGE price going forward. Dogecoin Open Interest Falls 24% According to data from Coinglass, the Dogecoin open interest has fallen 24% in the last week alone. This figure comes from July 18 when the open interest hit $707 million, going into August, with a total open interest value of $420 million. Related Reading: XRP Ledger Sees Sharp Decline In Major Metric That Threatens To Send XRP Price To $0.2 This decline in the Dogecoin open interest follows the market crash that has rocked cryptocurrencies, eventually sending the DOGE price below $0.09 by Monday. It shows a drastic reduction in the number of open positions, suggesting a reduction in interest. This is not the lowest that the Dogecoin open interest has been this year. However, it is interesting due to the current condition of the market. For example, the Dogecoin price has erased most of its gains from last year, pushing it back toward February 2024 lows. The correlation between the Dogecoin price and the open interest is now more glaring with this crash. In the time that the open interest has fallen 24%, the Dogecoin price has seen around a 40% decrease in price. What Does Historical Data Say? With the correlation between open interest and the Dogecoin price, using historical data could help to narrow down what might be on the horizon for Dogecoin. For example, the last time that the Dogecoin open interest saw a sharp drop, the price also followed. In March 2024, the DOGE open interest peaked at $2.21 billion, and the price saw its highest level so far this year as well. Following this, there was a crash in open interest and the DOGE price went from $0.22 to $0.18 alongside it, all in the month of March. Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 This suggests that for a recovery to begin for the Dogecoin price, a rise in the open interest would be a good development. If the open interest flattens out from here, then the Dogecoin price could enter a phase of consolidation that could see it tread around $0.08 for a while. Mainly, however, a recovery for the DOGE price would be imminent if the Bitcoin price were to begin rising again. In this case, a market-wide rally would see Dogecoin follow, breaking the current bearish trend. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) has experienced a massive decline in the last 24 hours and has been one of the most affected tokens amid the widespread downtrend in the crypto market. Thanks to this, the foremost meme coin has dropped to levels not seen since February earlier this year. The Reason For The Dogecoin Price Crash Dogecoin […]
A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu’s Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog. Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization. On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain. The token was also heavily criticized after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token’s supply and eventually sold it for $5.7 million. Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019. Are The Dog Days Back? The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1. Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before. Nonetheless, the developers of Ethereum’s Neiro have also been accused of insider trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly “is heavily controlled.” According to the report, 78% of the memecoin’s supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30. Investors seemed unfazed by the reports, with many calling the report “bullish news.” Others expressed excitement by the firm’s “fudding,” stating, “A lot of the most successful memes require supply control.” Related Reading: Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming? Moreover, many investors consider “the dog days are back” and the “Doge legacy continues” with the Ethereum-based memecoin. To an X user, there are a few reasons why Neiro’s has become an overnight sensation, including its “SHIB-like narrative,” “concentrated attention,” and the “return of dog meta that always dominates Ethereum bull cycles.” As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
The Dogecoin price reaching double-digits remains a dream for its die-hard community, despite the meme coin failing to claim $1 even till now. Nevertheless, expectations that Dogecoin will eventually cross $10 remain high as one analyst has given reasons why the largest meme coin by market cap is set to surge by more than 7,200%. Dogecoin To Stage A Log Breakout Crypto analyst Javon Marks took to X (formerly Twitter) to share an interesting development on the Dogecoin chart. Marks points out that a Log Breakout could be on the horizon for the meme coin, which could lead to a massive surge in price. Related Reading: Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens The reason for the analyst’s optimism toward the Log Breakout are what transpired for Dogecoin the previous two times that it has appeared. The first time this Log Breakout was completed for DOGE was back in the 2017-2018 bull market. This resulted in a 9,472% price increase, taking Dogecoin from a low of $0.0002 to a high of $0.01858. Then again, in the 2020-2021 bull market, Dogecoin would undergo another Log Breakout, this time leading to an even more prominent rally than before. This was the legendary 28,882% rally of 2021 when the DOGE price went from $0.0012 to almost $0.74. Given this historical performance and taking into account that breakouts like these often rhyme with their previous appearances, the crypto analyst believes that the Dogecoin price is set to undergo another major rally soon. How Far Can DOGE Rise? In his analysis, Marks presents his own expectations for the Dogecoin price should the Log Breakout be completed. According to the chart shared in the X post, Marks expects an at least 7,200% increase in the DOGE price from the current level. This would put the meme coin above $10 for the first time in history. Related Reading: This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002 The crypto analyst explains that each Log Breakout has led to a larger rally than the last, so this could mean that the DOGE price could rally higher. However, with the Dogecoin market cap already so large, such immense rallies could be hard-fought from here. In addition to Dogecoin, Shiba Inu is another meme coin that the crypto analyst is bullish on. In an earlier analysis, Marks pointed out that the second-largest meme coin by market cap had confirmed a macro Hidden Bullish Divergence. Given this, he expects that the Shiba Inu price could rise 354% from its current level to reach its all-time high levels around $0.000081. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin started a steady increase from the $0.1280 zone against the US Dollar. DOGE could gain pace if it clears the $0.1360 resistance zone. DOGE price is eyeing more gains above the $0.1350 resistance zone. The price is trading above the $0.1320 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it clears the $0.1360 resistance zone. Dogecoin Price Eyes Upside Break, Can It Follow Bitcoin’s Rise? After a short-term pullback, Dogecoin price found support near the $0.1280 zone. A low was formed at $0.1282 and DOGE price is now rising. There was a move above the $0.130 resistance zone. The price surpassed the 50% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. However, DOGE is well behind Bitcoin since the latter was able to clear the $68,800 resistance zone. Dogecoin is now trading above the $0.1320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1345 level. The next major resistance is near the $0.1360 level. There is also a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair. The trend line is close to the 76.4% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. A close above the $0.1360 resistance might send the price toward the $0.1420 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1650. Are Dips Limited In DOGE? If DOGE’s price fails to gain pace above the $0.1360 level, it could start a downside correction. Initial support on the downside is near the $0.1320 level. The next major support is near the $0.1300 level. The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might decline toward the $0.1145 level. 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 – $0.1320 and $0.1280. Major Resistance Levels – $0.1360 and $0.1420.
The Dogecoin (DOGE) outlook is currently bullish, as technical indicators suggest that a golden cross is set to appear on the meme coin’s chart. Based on history, such development could mark the beginning of a massive rally for DOGE. Dogecoin On The Verge Of A Golden Cross Crypto analyst Kevin (formerly OG Yomi) mentioned in […]
Dogecoin (DOGE) has hit a significant milestone, as the number of wallet addresses holding the popular doggy themed meme coin has surged to 90 million. This massive increase underscores Dogecoin’s rising interest and adoption amongst investors. Dogecoin Could Hit $1 With New Milestone According to data from IntoTheBlock, Dogecoin has surpassed the 90 million threshold […]
Dogecoin started a steady increase above the $0.120 resistance zone against the US Dollar. DOGE is consolidating and might extend its gains above $0.1265. DOGE price is eyeing more gains above the $0.1265 resistance zone. The price is trading above the $0.120 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1195 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it clears the $0.1265 resistance zone. Dogecoin Price Eyes More Gains After forming a base above the $0.1050 level, Dogecoin price started a decent increase. DOGE cleared the $0.1150 resistance to move into a positive zone like Bitcoin and Ethereum. The price even climbed above the $0.120 level and the 100-hourly simple moving average. A high was formed at $0.1264 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.1167 swing low to the $0.1264 high. Dogecoin is now trading above the $0.1220 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1195 on the hourly chart of the DOGE/USD pair. If there is a fresh increase, the price might face resistance near the $0.1265 level. The next major resistance is near the $0.1320 level. A close above the $0.1320 resistance might send the price toward the $0.1450 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1620. Another Decline In DOGE? If DOGE’s price fails to gain pace above the $0.1265 level, it could start a downside correction. Initial support on the downside is near the $0.1240 level. The next major support is near the $0.1215 level and the 50% Fib retracement level of the upward move from the $0.1167 swing low to the $0.1264 high. The main support sits at $0.1195. If there is a downside break below the $0.1195 support, the price could decline further. In the stated case, the price might decline toward the $0.1140 level. 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 – $0.1215 and $0.1195. Major Resistance Levels – $0.1265 and $0.1450.
Crypto analyst Trader Tardigrade has highlighted a historical pattern that led to the Dogecoin price surge in 2021. Based on his analysis, the foremost meme coin is ready for a similar price rally, which could happen soon enough. Dogecoin Repeating Chart 2021 Pattern Trader Tardigrade mentioned in an X (formerly Twitter) post that Dogecoin is repeating the same chart pattern from 2021. He noted that the meme coin was “ready to go” and suggested that Dogecoin’s price rally would begin once the bull run returns into full gear. Dogecoin made an incredible run of over 28,000% in 2021, meaning that such an impressive price rally might be on the horizon again for the foremost meme coin. Related Reading: Ethereum Bulls Gear Up For Recovery – Can Spot ETFs Push Price To New Highs? Crypto analyst Javon Marks had previously predicted that Dogecoin would make a better run than it did in the 2021 bull run. He made this prediction because the meme coin has always surpassed its previous run in every subsequent bull run. Based on this, Marks predicted that Dogecoin could rise to as high as $17 in this market cycle. Crypto analyst Ali Martinez also once predicted that Dogecoin could rise to double digits in this market cycle. He made this prediction while noting that the meme coin looked to be mirroring its 2021 pattern. He added that this could be a “massive parabolic bull run” for Dogecoin if that were the case. These crypto analysts form a long list of persons who have made bullish predictions for Dogecoin. Although not as bullish as Marks and Matinez, someone like crypto analyst Kevin (formerly OG Yomi) has predicted that Dogecoin could rise to as high as $3 in this bull run. Crypto analyst Altcoin Sherpa also predicted that Dogecoin will eventually rise to $1in this market cycle. Meanwhile, crypto analyst Andrew Kang made a bullish case for Dogecoin heading into the latter parts of the bull run. He stated that meme coins account for most of the altcoins that will make new highs by year-end or the beginning of 2025. DOGE Ready For A Huge Reboud Trader Tardigrade recently predicted that Dogecoin could rise to as high as $0.14 when it makes this “huge rebound.” He made this prediction while stating that the meme coin has been “playing Wyckoff Accumulation,” meaning that Dogecoin whales have been adding their positions. The crypto added that “spring is here right now,” alluding to the massive bounce that Dogoicoin could make from its current price level. Related Reading: Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Dogecoin was one of the most affected coins following the recent market downtrend. This was mainly due to the meme coin’s strong price correlation with Bitcoin. However, with the flagship crypto back above $60,000, Dogecoin also looks primed for a massive rally, which could send its price to new highs. At the time of writing, Dogecoin is trading at around $0.11, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end. Why This Analyst Is Bullish On Floki Timeless Crypto mentioned in an X […]
Dogecoin is stuck below the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might eye a fresh increase toward $0.1285 or even $0.1320. DOGE price is struggling to clear the $0.1285 resistance zone. The price is trading near the $0.1240 level and the 100-hourly simple moving average. There is a short-term bullish flag pattern forming with resistance at $0.1250 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1250 and $0.1285 to gain bullish momentum. Dogecoin Price Faces Hurdles After a decent recovery wave, Dogecoin price remained below the $0.1285 resistance zone. DOGE formed a high near $0.1272 and recently started a downside correction like Bitcoin and Ethereum. There was a move below the $0.1250 support level. The price dipped below the 50% Fib retracement level of the upward move from the $0.1203 swing low to the $0.1272 high. However, the bulls are now active near the $0.1220 zone. Dogecoin is now trading near the $0.1250 level and the 100-hourly simple moving average. It is also above the 61.8% Fib retracement level of the upward move from the $0.1203 swing low to the $0.1272 high. If there is a fresh increase, the price might face resistance near the $0.1250 level. There is also a short-term bullish flag pattern forming with resistance at $0.1250 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1320 resistance. Any more gains might send the price toward the $0.1350 level. The next major stop for the bulls might be $0.150. More Downsides In DOGE? If DOGE’s price fails to gain pace above the $0.1250 level, it could continue to move down. Initial support on the downside is near the $0.1230 level. The next major support is near the $0.1220 level. If there is a downside break below the $0.1220 support, the price could decline further. In the stated case, the price might decline toward the $0.1185 level. 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 – $0.1230, $0.1220 and $0.1185. Major Resistance Levels – $0.1250, $0.1285, and $0.1320.
Dogecoin (DOGE) could be on the brink of a major bullish reversal based on a technical indicator recently flashing a bullish signal for the meme coin. While highlighting the bullish signal, crypto analyst Ali Martinez also hinted at how high Dogecoin could rise when this reversal occurs. A Rebound For Dogecoin On The Horizon Martinez mentioned in an X (formerly Twitter) post that the TD Sequential is presenting a buy signal on Dogecoin’s 3-day chart, thereby “predicting a rebound of one to four candlesticks for DOGE.” Based on the chart he shared, Dogecoin could enjoy a reversal to around $0.17, the area in which it began its downtrend in early June. Related Reading: Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs A massive rebound for Dogecoin will undoubtedly be a welcome development for its holders, who have had to deal with the meme coin’s bearish outlook for some time now. Dogecoin failed to make any impressive rally, while other foremost meme coins rallied following Roaring Kitty’s return. Meanwhile, the meme coin took one of the worst hits following the recent avalanche that plagued the crypto market. Bitcoin led altcoins on a downward trend towards the end of June. However, with the flagship crypto reversing and back above $63,000, Dogecoin could also enjoy an impressive recovery from its current price level. Moreover, data from the market intelligence platform IntoTheBlock shows a strong positive correlation between Dogecoin’s price and Bitcoin’s. As such, Dogecoin could significantly move to the upside as the flagship crypto rebounds. Crypto analyst Kevin (formerly OG Yomi) also recently provided a bullish narrative for Dogecoin. He stated that his indicator had flashed a weekly buy signal for the first time since the meme coin was at $0.05. Additionally, Kevin noted that Dogecoin is about two green weekly candles away from confirming its first weekly golden cross in four years. He claimed that this is something to watch, suggesting that Dogecoin’s rally could be parabolic when this happens. DOGE Could Reach $0.6 On Next Leg Up Crypto analyst Javon Marks recently predicted that Dogecoin could reach $0.6 on its next leg up. He stated that the move towards the breakout target at $0.6533 “may be a matter of time, and prices could be preparing here for a break above.” The crypto analyst seemed confident as he again reaffirmed that a price rally of over 400% to reach this target might already be loading. Related Reading: SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time? Marks had previously predicted that Dogecoin would rise to as high as $17 in this bull run. He claimed that such a meteoric move was possible based on the meme coin’s historical trend. He noted that the foremost meme coin has always made a larger run in every subsequent bull run, meaning it could enjoy a rally that will overshadow its price move of 22,800% in the 2021 bull run. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin is down by 6.87% in the past 24 hours after a brief cooldown in bearishness. However, the downturn has given Dogecoin a hint of bullish reversal as it has entered a historically prominent buy zone. Interestingly, this is suggested by the MVRV ratio, which currently hints at a very bullish short-term bounce for DOGE. […]
Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220. DOGE price is moving lower below the $0.1250 support zone. The price is trading below the $0.1250 level and the 100-hourly simple moving average. There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase. Dogecoin Price Dips Again After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like Bitcoin and Ethereum. There was a move below the $0.1250 support level and the 100-hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1129 swing low to the $0.1285 high. However, the bulls are now active near the $0.1220 zone. Dogecoin is now trading below the $0.1250 level and the 100-hourly simple moving average. There is also a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair. If there is a fresh increase, the price might face resistance near the $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1420 level. The next major stop for the bulls might be $0.150. More Losses In DOGE? If DOGE’s price fails to gain pace above the $0.1285 level, it could continue to move down. Initial support on the downside is near the $0.1220 level. The next major support is near the $0.1185 level. If there is a downside break below the $0.1185 support, the price could decline further. In the stated case, the price might decline toward the $0.1120 level. 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 – $0.1220, $0.1185 and $0.1120. Major Resistance Levels – $0.1260, $0.1285, and $0.1320.
The Dogecoin price has taken an interesting turn in the last day, going against the bearish wave that has wracked the majority of the crypto market. Given that the meme coin is green at a time when the majority of the market is nursing losses, it has led to speculations as to what could be […]
Meme coins, the once-dismissed “joke” tokens, are rapidly solidifying their position in the multi-trillion-dollar scene. According to CoinMarketCap, meme coins now command a cumulative market cap of over $45 billion. Interestingly, they are on an upward trajectory as thousands of meme coins are minted predominantly on top platforms like Solana, Ethereum, and Base. Analysts and investors are taking notice as meme coins like BOME, PEPE, and Dogecoin boom. Most predict this subset of crypto will expand and become a core part of the industry in the coming years. Arthur Hayes Backs Meme Coins In a recent interview, Arthur Hayes, the BitMEX co-founder, joined the growing list of meme coin supporters. Hayes backed meme coins, stating that these tokens are increasingly gaining traction because of their simplicity. Unlike complex decentralized finance (DeFi) protocols or AI, they require no technical knowledge. Therefore, this feature and accessibility continue to broaden their appeal. This position also seems to resonate with Raoul Pal, who, in the same interview, added that meme coins are rising because of the cultural connection these tokens tag. As constructed, meme coins are meant to ride on internet hype and cultural relevance. Related Reading: Potential Downtrend In Play? TON Struggles As Price Falls Below $7.7 Therefore, their playful nature and relatable themes resonate with a global audience. In turn, this helps forge a strong connection with the trend, as evidenced by the popularity of the viral BODEN meme coin. More analysts are coming out to back these tokens. Earlier, one analyst said at least three of these tokens would each command at least $100 billion in market cap in the next crypto bull run. Dogecoin is the most valuable meme coin, with a market cap exceeding $20 billion. If Dogecoin, for example, rallies to command a $100 billion market cap, DOGE holders will massively benefit. As of mid-June, only Bitcoin, Ethereum, and USDT, a stablecoin, have market caps exceeding $100 billion. Despite its sharp expansion, even Solana is still perched at fourth, boasting a slightly over $66 billion market cap. Aptos To Take Over From Solana: A Meme Coin Host While Hayes backed meme coins, he predicted that Aptos would flip Solana to become the second largest and most active layer-1 platform after Ethereum within three years. Interestingly, this clashes with the current trend and Hayes’ position. Related Reading: Cardano Founder’s Pig NIKE Sparks Memecoin Craze, Market Cap Nears $1 Million Because of Solana’s high scalability and low fees, the platform is emerging as a home of meme coins, taking over from Ethereum. Even so, Hayes didn’t provide any explanation, saying all details will be made public in September. Earlier on, the BitMEX co-founder downplayed the threat posed by Solana on Ethereum’s lead. In his view, the first smart contracts platform has strength in its developer community and anchors decentralized finance (DeFi). Feature image from DALLE, chart from TradingView
Dogecoin is currently at a critical price junction that might determine its price trajectory in the short term. Although the meme coin has witnessed a significant price drop in the past seven days, recent whale activity suggests that the tide might change soon. Notably, large holders of DOGE have been taking advantage of the price drop to accumulate millions of DOGE. Per data from Santiment, an on-chain analytics platform, addresses holding between 10 million and 100 million Dogecoins have collectively accumulated more than $129 million worth of DOGE in the past seven days. Dogecoin Whales Accumulate DOGE According to the on-chain data from Santiment, whales have increased their accumulation in the past week despite the price decline for the meme coin. Remarkably, these whale addresses have bought over 900 million tokens in seven days, suggesting their faith in DOGE despite the price downturn. Related Reading: Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL? Consequently, on-chain data shows the number of coins owned by this cohort of traders has increased by approximately 5% to a collective 18 billion tokens. A look at the chart above reveals that the collective holdings of these whale wallets have generally been on an uptick since the last week of March. During periods of price increases, the accumulation has typically exhibited an upward tendency and remained stable during periods of price drops. However, the recent accumulation is different because it comes alongside a corresponding price decrease, showing a different strategy from the whale wallets. Interestingly, similar data from IntoTheBlock suggests a similar increase in activity on DOGE alongside the whale accumulation. This uptick in activity saw around 9.29 billion DOGE tokens traded in the past 24 hours. Additionally, 1,500 transactions were concluded in the past 24 hours, implying traders are actively exchanging DOGE. How Whale Transactions Impact DOGE Price Considering its meme coin status, Dogecoin is highly influenced by sentiment among traders and particularly huge investors. These big investors, known as “whales” in crypto lingo, can have a significant impact on Dogecoin’s price when they move their funds around. Their buying activity triggers bullish momentum by pumping up demand, which drives the price higher as other traders follow their lead. Related Reading: Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’ Interestingly, this recent whale accumulation comes as a much-needed catalyst for bullish momentum. At the time of writing, DOGE is trading at $0.1428 and has been down by 11.29% in the past seven days. However, this decline seems to be slowing down, with DOGE only registering a 0.6% loss in the past 24 hours. According to a crypto analyst, this spiral towards $0.14 is forming an important generational bottom for DOGE. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced price declines of over 10% this week. The downtrend experienced by these meme coins is likely due to the macro side, which has cast doubts in the minds of crypto investors. The US Fed’s Hawkish Stance Has Cast A Shadow Of Doubt Dogecoin and Shiba Inu are […]
A crypto pundit has declared that Dogecoin (DOGE) and Solana (SOL) have reached their “make it or break it levels.” This assessment is set to generate a wave of optimism as DOGE and SOL could be getting ready for a rebound soon. Dogecoin And Solana At Make It Or Break It Point A Crypto analyst […]
The price of Dogecoin succumbed to severe bearish pressure in the late hours of Friday, June 7th, dropping below the $0.15 level for the first time in June 2024. With the meme token looking stuck in a consolidation range all week long, the latest price drop will be another potential source of concern for most […]
Dogecoin has been one of the most talked-about cryptocurrencies recently and has continued to maintain its position as the largest meme coin in the market. Its recent price action has left much to be desired, leaving investors wondering where the price might be headed next. However, an important bullish formation just showed up on the […]