The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level. Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as ‘Mindbloome-Trading,’ the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors. Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024. Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value. While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoin’s price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coin’s next price level. What’s Driving Dogecoin’s Current Trend? The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoin’s bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future. One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Former Republican presidential candidate Vivek Ramaswamy has resigned from his position at the Department of Government Efficiency (DOGE). Ramaswamy announced this in a Jan. 20 post on X, stating that he would no longer co-lead DOGE, a department focused on streamlining US government operations. He expressed optimism about the department’s future under X owner Elon […]
The post Vivek Ramaswamy exits DOGE role as Elon Musk takes control appeared first on CryptoSlate.
Dogecoin enthusiast Elon Musk is now reportedly in sole charge of the government streamlining and cost saving unit.
Polymarket currently predicts a 95% chance that Donald Trump would pardon the Silk Road creator in his first week in office.
Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions. Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated. These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market. Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000. The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls. At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
Analysts say Dogecoin has a 60% chance of hitting $1 before Jan. 31.
Is Mark Zuckerberg sincere about promoting free speech on his platforms or is he trying to mend political fences with the incoming Trump administration?
Elon Musk, the billionaire entrepreneur and CEO of Tesla, has criticized the US Securities and Exchange Commission (SEC) over its lawsuit regarding his delayed disclosure of a significant stake in Twitter, now rebranded as X. The lawsuit marks a culmination of the SEC’s scrutiny of Musk’s investment activities with the social media platform in 2022. […]
The post Elon Musk slams SEC as ‘broken’ over ‘artificially’ created $150 million Twitter stock windfall appeared first on CryptoSlate.
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022.
Elon Musk’s social media platform X may take control of TikTok US and run the businesses together under one potential scenario reportedly being considered.
Das neue Jahr ist für viele Menschen der ideale Zeitpunkt, um sich und ihre Investitionen zu überprüfen und neu auszurichten. Schließlich verfügt man bereits über die Erfahrung der Vergangenheit und möchte Fehler tunlichst vermeiden. 2025 könnte das Jahr werden, in dem Kryptowährungen endgültig fixer Bestandteil des Finanz-Mainstreams werden. Die Aussichten dafür sind mehr als rosig. […]
The social media company will switch to a community notes model similar to the X platform's, Meta said.
In response to the planned change, independent journalist James Li asked Musk, "How does the algorithm determine 'negativity'?"
The imminent debut of Elon Musk’s X Money, also known as X Payments, is sparking widespread speculation. Theories surrounding the payment platform are swirling after X CEO Lindas Yaccarino confirmed on New Year’s Eve that it’ll launch in 2025 alongside X TV and Grok. According to American entrepreneur Alex Finn, leaked code recently suggested it’ll […]
X (formerly known as Twitter) aims to chart a new course this year by blending finance, artificial intelligence, and social media into its ecosystem. On Dec. 31, CEO Linda Yaccarino teased upcoming features to provide users with broader capabilities beyond traditional social media interactions. According to her, 2025 will be a year when the platform’s […]
The post X aims for super app status in 2025 with X Money, X TV and deeper AI integration appeared first on CryptoSlate.
Elon Musk, billionaire entrepreneur and CEO of Tesla and SpaceX, has once again rattled the crypto market with a simple name change on his X account. This time, Musk renamed his official profile to “Kekius Maximus” and replaced his avatar with a PEPE frog dressed in antique armor holding a gaming controller. While the eccentric tech magnate has not offered an explanation, the sudden shift has fueled intense speculation. One of the biggest beneficiaries of this development is a relatively unknown memecoin, also called Kekius Maximus (KM). Notably, mere hours before Musk’s rebranding, an anonymous trader made a noteworthy purchase that led to a massive windfall. On-chain analysis firm Lookonchain (@lookonchain) reported via X: “What a lucky trader—or perhaps an insider! 9 hours ago, he spent $4,360 to buy 18.15M KM. Just one hour ago, Elon Musk changed his profile name to Kekius Maximus, sending the price of KM soaring by ~17,000%. The 18.15M KM he bought is now worth $638K!” Related Reading: Top Crypto Assets For Q1 2025: Grayscale Reveals The Best Altcoins Whether the timing was pure coincidence or something more coordinated remains an open question. As of press time, there is no indication that Musk has any direct affiliation with the token. Yet the trader’s sensational profit underscores the often-unpredictable relationship between Musk’s online antics and sudden market movements. As of press time, Kekius Maximus (KM) is trading at $0.03087, representing a staggering 12,533% increase in the past 24 hours. Its market capitalization has shot up to $30.87 million, while daily trading volume has surged to approximately $103.51 million. However, contrary to claims from some crypto media outlets, Musk’s name change has no connection to the memecoin itself, and there is no affiliation. Once again, it’s a fortunate surprise for certain crypto traders. Related Reading: Expert Reveals Top 15 Crypto Predictions For 2025 You Need To Know Remarkably, this is not the first time Musk has generated a frenzy with his name or profile changes. In the past, he has adopted monikers like Mr Tweet, Naughty Moniker, and Naughtius Maximus. In April 2023, he famously replaced the Twitter bird logo with the Dogecoin Shiba Inu dog, causing a temporary DOGE price spike. Regarding his latest adoption of the term “Kekius Maximus,” various interpretations abound within online communities. “Kek” traces its origins to World of Warcraft’s auto-translation of “LOL,” evolving into a broader internet meme. “Pepe the Frog” is similarly intertwined with “Kek,” having been adopted by assorted online subcultures over the years. The notion of “Kekistan”—a fictional internet “nation” that plays on cultural satire as a satirical response to identity politics, while the flag of Kekistan mimics a German war flag. Recently, Musk has made significant waves in German politics by expressing support for the Alternative for Germany (AFD). The mainstream media and other political parties have strongly criticized Musk’s actions, while he himself has reaffirmed his stance by agreeing to an interview with AFD leader Alice Weidel. However, whether there’s a broader context to these actions remains purely speculative. Featured image from X, chart from TradingView.com
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure.
Riding political shifts, regulatory optimism and growing institutional interest, these three coins delivered monumental gains this past year.
The United States Senator from Kentucky, Rand Paul, made a post on X (formerly Twitter) suggesting that billionaire business tycoon Elon Musk serve as House Speaker. This post on X followed the contentious debates over the continuing resolution (CR). The Speaker of the House need not be a member of Congress . . . Nothing …
The social media platform has roughly doubled its number of users since November, suggesting it may have pulled some US-based X users after the presidential election.
Donald Trump’s team is intent on consolidating or even eliminating some long-standing banking watchdogs, WSJ reports, while Wall Street Pepe ($WEPE) fans cheer. Trump’s incoming US presidency has signaled a promising forecast for cryptocurrency regulations in the US. Now, his newly formed Department of Government Efficiency (DOGE), championed by Trump’s right-hand man and Meme Overlord […]
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.
World’s seemingly playful jab at Spotify comes as the firm faces scrutiny.
The rivalry between two respected tech giants continues, which is evident in a congratulatory post that might have reignited the rift between the two former allies in AI tech. SpaceX CEO Elon Musk took a swipe at his rival, OpenAI CEO Sam Altman, after the latter congratulated David Sacks for being nominated by US President-elect Donald […]
David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s.
The Dogecoin (DOGE) price stands at a critical juncture as technical analysts point toward a potentially significant breakout. Renowned crypto analyst Rekt Capital has identified a pivotal pattern on the DOGE/USD daily price chart, suggesting an imminent surge. Will Dogecoin Price Confirm The Breakout Today? The daily chart of Dogecoin reveals an ascending triangle formation that has been developing over recent weeks. This pattern is typically considered a bullish continuation signal, characterized by a horizontal upper resistance line and a rising lower support line. The formation indicates accumulating buying pressure, as each price retracement becomes shallower—implying that bulls are willing to buy at higher lows. The top horizontal line of the triangle sits at approximately $0.44, a level that has been tested multiple times and serves as a significant barrier for upward movement. The ascending support trendline begins around $0.34 and rises gently, forming the triangle’s lower boundary and highlighting increasing support levels. Related Reading: If Dogecoin Mirrors Last Cycle, The Surge To $4 Begins At Week’s End Rekt Capital emphasizes the importance of the current price action, stating: “Dogecoin has followed every Bitcoin thus far. Now retesting the top of the Ascending Triangle as support. Successful retest here is crucial to precede a confirmed breakout.” If this retest solidifies the triangle’s upper resistance as a new support level, it could pave the way for a substantial price increase. The potential breakout target can be calculated by measuring the maximum height of the triangle—from the base near $0.34 to the top at $0.44—and projecting it upwards from the breakout point. This suggests that Dogecoin could potentially reach or exceed the $0.54 mark. Dogecoin Price Analysis (4-Hour Chart) Another prominent crypto analyst, Satoshi Flipper (@SatoshiFlipper), has provided insights based on the 4-hour DOGE/USD chart. He notes: “DOGECOIN/usdt 4 hour: DOGE still consolidating, for almost 1 month now, but this flawless ascending channel is filling out nicely and the breakout is going to be EPIC, just wait.” The chart illustrates an ascending channel pattern, characterized by two parallel upward-sloping lines containing the price action. This pattern is recognized as bullish, formed by higher lows and higher highs. The Dogecoin price has been oscillating between these lines, with the lower line acting as support and the upper line as resistance. Related Reading: Dogecoin Is ‘Ready To Run Again’ – Analyst Expects 60% Rally Currently, the price is nearing the midline of the channel, which provides significant resistance around $0.46. Key levels to watch include: The lower boundary support sits around $0.40. The upper boundary resistance is near $0.52, a potential catalyst for Dogecoin’s next major move. The price target following an ascending channel breakout can be estimated by measuring the channel’s height at its widest part and extending that distance upward from the breakout point. This projection suggests that DOGE could rise towards $0.64. Adding to the technical signals, there could be a major catalyst for DOGE price today, December 5th. As reported by NewsBTC, Elon Musk and Vivek Ramaswamy are set to address members of Congress. They are expected to present key proposals under the auspices of the Department of Government Efficiency (DOGE). This development could have a substantial impact on the Dogecoin price, as Elon Musk’s involvement with the memecoin has historically influenced market sentiment. At press time, DOGE traded at $0.44. Featured image created with DALL.E, chart from TradingView.com
Hashed co-founder Ryan Sungho Kim spoke to Cointelegraph at India Blockchain Week about the effect of the attention economy on memecoins.
In an exchange on X, Tesla CEO Elon Musk described El Salvador’s Bitcoin holdings as “impressive” after President Nayib Bukele shared an update on the country’s BTC wallet. El Salvador, the first nation to adopt Bitcoin as legal tender in September 2021, has witnessed significant growth in its BTC investments year-to-date. Elon Musk Is Impressed […]