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CATEGORY: dogecoin analysis


Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH  Price Targets Revealed

Author: Sebastian Villafuerte
United Kingdom
Sep 20, 2024 12:05

Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed

Dogecoin is at a crucial price level following a market surge driven by the Federal Reserves 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. Kevins 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 crossa key bullish signalin 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

May 25, 2024 05:50

Coinbase Bears The Brunt Of Supreme Courts Dogecoin Verdict, DOGE Suffers 4% Slump

In a recent ruling that could have implications for the crypto industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over a 2021 Dogecoin (DOGE) sweepstakes dispute.  The courts decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbases argument that a ruling against it would invite legal turmoil, emphasizing the importance of [...]

The post Coinbase Bears The Brunt Of Supreme Courts Dogecoin Verdict, DOGE Suffers 4% Slump appeared first on Crypto Breaking News.

May 23, 2024 05:50

Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation

Dogecoin (DOGE), a meme-inspired crypto, has recently experienced a significant surge in activity from large-scale investors, commonly known as whales. Recent data shows that the value of substantial transactions has nearly doubled in the last 24 hours. Related Reading Dogecoin Transactions Soar As ETF Speculation Intensifies According to data from IntoTheBlock, the value of these [...]

The post Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation appeared first on Crypto Breaking News.

May 22, 2024 05:50

Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2

Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is currently demonstrating signals that suggest it might be on the cusp of a significant bullish breakout. According to a recent analysis from prominent crypto analyst Ali, the meme-inspired cryptocurrency appears to be approaching a crucial resistance level, with market behaviors hinting at potential upward movement. Related Reading Eyes [...]

The post Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2 appeared first on Crypto Breaking News.

Dogecoin Is Showing A Promising Bullish Trajectory and Can Experience a 30% Rise: Analyst

Author: Paul Adedoyin
Estonia
May 11, 2025 02:35

Dogecoin Is Showing A Promising Bullish Trajectory and Can Experience a 30% Rise: Analyst

Based on technical analysis, Dogecoins charts is showing bullish indications with a 30% gain possibility. DOGE has bounced off critical support levels.

Tesla Turmoil Sparks Questions, But DOGE HoldsIs a Surge Ahead?

Author: Mutuma Maxwell
Estonia
May 02, 2025 02:35

Tesla Turmoil Sparks Questions, But DOGE HoldsIs a Surge Ahead?

Dogecoin (DOGE) held steady around the $0.175 mark despite rumors of a leadership shakeup at Tesla involving Elon Musk. The price increased by 0.5% in the last 24 hours, reflecting limited market reaction. Although the speculation was denied, the token showed unusual stability compared to past Musk-related developments. Tesla Leadership Rumors Fail to Move DOGE […]

Dogecoin Whales Buy 100 Million DOGE In 24 Hours  Demand Signals Growing Confidence

Author: Sebastian Villafuerte
United Kingdom
May 02, 2025 12:10

Dogecoin Whales Buy 100 Million DOGE In 24 Hours Demand Signals Growing Confidence

Dogecoin is currently trading in a tight range, consolidating above the $0.16 support level and struggling to break above the $0.19$0.20 resistance zone. This consolidation phase comes as the broader crypto market shows signs of strength and renewed momentum. Bulls are watching closely, hoping for a breakout that could mark the beginning of a recovery rally. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge Smart Exit Or Profit-Taking? Recent on-chain data from Santiment adds fuel to the bullish narrative. Over the past week, Dogecoin whales have accumulated approximately 100 million DOGE, a move that signals rising confidence among large holders. Historically, such buying activity from major players has often preceded upward price movements, especially when it coincides with broader market recovery. As Bitcoin and other large-cap cryptocurrencies continue to test key levels, DOGEs consolidation pattern and whale accumulation will be key indicators for its next move. The coming days could prove pivotal for the memecoins short-term trajectory. Whale Activity Signals Possible Breakout As Dogecoin Tests Resistance Dogecoin is currently trading around $0.17$0.18, hovering near critical resistance while the broader crypto market shows signs of renewed momentum. Bulls are attempting to reclaim higher levels, especially the $0.20 zone, which has consistently acted as a strong barrier over the past few weeks. A successful break above this level could trigger a recovery rally, but until then, price action remains uncertain. Analysts are split on what comes next for DOGE. Some argue that failure to break out above $0.20coupled with increasing lower highscould signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the other hand, with Bitcoin holding strong above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit. Adding to the optimism, top analyst Ali Martinez shared a chart on X revealing that whales have accumulated 100 million DOGE over the past week. This surge in whale activity typically precedes price rallies and supports the case for a potential breakout. As accumulation continues and market sentiment improves, DOGE could be preparing for a strong move. For now, all eyes are on the $0.20 resistance. A clean break above it could validate the bullish outlook, while rejection might extend the current consolidation. Related Reading: Solana Monthly Candle Reclaims Key Levels Is $240 The Next Target? DOGE Price Action Hinges On Breaking Price Range Dogecoin (DOGE) is currently trading at $0.176, continuing to consolidate in a tight range as bulls attempt to gain momentum. Despite holding above the $0.16 support, DOGE has struggled to make a higher high, and price action remains capped by local resistance. To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level a key resistance zone that aligns with the 200-day exponential moving average (EMA). Reclaiming this level would signal strength and could trigger an upward move toward $0.25 and beyond, especially if overall market conditions remain favorable. However, the lack of follow-through and volume at current levels raises concern. If bulls fail to defend $0.16, the downside risk grows significantly. A breakdown below this support could open the door to a deeper correction, potentially driving DOGE down into the $0.13$0.10 region, where historical demand has previously stepped in. Related Reading: Chainlink Flashes Daily Buy Signal Breakout Next? For now, DOGE remains range-bound with indecision dominating the short-term outlook. The next major move will depend on whether bulls can generate enough demand to break above the 200-day EMA or whether sellers regain control below the $0.16 threshold. Featured image from Dall-E, chart from TradingView

Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours  Risk-Off Or Panic Selling?

Author: Sebastian Villafuerte
United Kingdom
Apr 10, 2025 12:05

Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours Risk-Off Or Panic Selling?

Dogecoin is once again in the spotlight, but for all the wrong reasons. The popular meme coin has experienced massive selling pressure over the last few days, driven by heightened global tensions and ongoing macroeconomic uncertainty. On Monday, DOGE set a fresh local low around $0.129, further confirming the downtrend that has been building over the past few weeks. Related Reading: Oversold Altcoins Like Solana Flash Bullish Divergences Are Relief Bounces Coming? The market sentiment around Dogecoin has quickly shifted from cautious optimism to defensive positioning, as investors react to a risk-off environment affecting both traditional and crypto markets. Adding fuel to the bearish fire, data from Santiment reveals that Dogecoin whales have sold more than 1.32 billion DOGE in the past 48 hours alone a move that raises questions about broader market confidence. Is this massive selloff part of a strategic rebalancing from large holders, or is it a sign of panic selling amid deepening volatility? Whats certain is that DOGE is entering a critical phase. If buyers fail to step in soon, the path of least resistance could be lower. As whales exit and prices falter, the coming days could define whether Dogecoin stabilizes or spirals further. Dogecoin Slides Further As Whale Selloff Signals Deepening Bear Trend Dogecoin has now lost more than 70% of its value since December, with no clear signs of a recovery in sight. The meme coin, once a symbol of bullish enthusiasm and retail speculation, is now leading the decline in the altcoin space as market conditions worsen. Growing macroeconomic uncertainty continues to weigh heavily on risk assets, and meme coins like Dogecoin have been the most affected. The pressure isnt just coming from within the crypto market. Broader financial instability particularly triggered by escalating global tensions is accelerating the selloff. U.S. President Donald Trump’s latest round of aggressive tariffs and Chinas retaliatory stance have stoked fears of a full-blown trade war. As global markets reel from this uncertainty, investors are pulling back from speculative assets, sending DOGE deeper into bearish territory. Adding to the bleak outlook, top analyst Ali Martinez shared data from Santiment revealing that whales have sold over 1.32 billion Dogecoin in just the past 48 hours. This significant outflow is a clear reflection of the risk-off sentiment dominating the market. According to Martinez, this behavior is likely driven by panic and growing expectations that a prolonged bear market is developing. Until sentiment shifts and macro conditions stabilize, Dogecoins path remains precarious. The combination of whale dumping, market-wide fear, and global economic strain may keep DOGE under pressure in the near term. Bulls will need to reclaim key levels quickly to avoid a deeper collapse but for now, the trend remains firmly bearish. Related Reading: XRP Breaks Out Of Head-And-Shoulders Pattern Eyes Move Toward $1.30 Bulls Struggle At Key Level As Selling Pressure Persists Dogecoin is trading at $0.14, nearly 75% below its 200-day moving average around $0.25 a striking indicator of how far the meme coin has fallen. The downtrend accelerated when DOGE lost support at the $0.25 level, and since then, bulls have failed to mount any meaningful recovery. Continued macroeconomic stress and weak investor sentiment have only added to the selling pressure, dragging prices lower with each passing week. For Dogecoin to begin a potential recovery phase, holding above the $0.15 level is critical. This zone could act as a short-term support base, giving bulls a chance to regroup. However, merely stabilizing isnt enough. A push toward the $0.20 mark is needed to reestablish momentum and break the current bearish structure. Reclaiming that level would also bring DOGE closer to its 200-day MA, a key technical milestone for trend reversal. Related Reading: Solana Drops Below $100 For First Time In A Year Is An 80% Correction Underway? On the downside, losing the $0.14$0.15 area could open the door to deeper losses. If support fails to hold, a quick move toward the $0.10 level is possible potentially signaling a return to bear market lows. For now, DOGE remains under heavy pressure, with bulls on the defensive and time running out to avoid another breakdown. Featured image from Dall-E, chart from TradingView

Apr 23, 2024 05:50

Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target

Dogecoin (DOGE), the popular meme-based cryptocurrency, has demonstrated its resilience in the market with a 2.5% price increase over the past 24 hours, reaching a trading price of $0.1607.  Analysts, including Altcoin Sherpa and Ali Martinez, have recently shared optimistic predictions for DOGEs future, suggesting further gains and potential for outperformance compared to other tokens. [...]

The post Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target appeared first on Crypto Breaking News.

Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support?

Author: Sebastian Villafuerte
United Kingdom
Apr 15, 2025 12:05

Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support?

After enduring weeks of heavy selling pressure and bearish sentiment, Dogecoin is beginning to show signs of stability. The broader crypto market is hinting at a potential recovery, though many analysts argue this could simply be a relief rally within a longer-term bear market that began after Bitcoin reached its all-time high in January. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 Start Of A Bigger Rally? Despite the uncertainty, some assetsincluding Dogecoinare starting to build bullish momentum. Investors are closely watching key technical levels as meme coins attempt to recover lost ground. According to crypto analyst Ali Martinez, Dogecoin could be poised for a significant breakout this week. In his recent analysis, Martinez noted that a decisive daily close above $0.17 could unlock upside potential toward $0.21, provided that DOGE maintains support above a critical support level. This setup could mark a turning point for Dogecoin, which has lagged behind many altcoins during the recent downturn. However, the market remains volatile, and traders should remain cautious until confirmation of a sustained breakout. Whether this is the start of a new uptrend or just a temporary bounce remains to be seenbut for now, Dogecoin bulls have something to watch closely. Dogecoin Eyes Breakout As Bulls Target Higher Levels Dogecoin is now facing critical supply levels as the entire crypto market shows signs of recovery following last week’s announcement from US President Donald Trump of a 90-day pause on reciprocal tariffs for all countries except China. While this news injected short-term optimism and triggered a bounce across risk assets, macroeconomic uncertainty continues to dominate the global landscape. With tariffs still on the table and rising geopolitical tensions, the market remains vulnerable to sharp volatility and unpredictable swings. Within this context, Dogecoin is positioning itself for a potential breakout. After weeks of selling pressure that saw DOGE drop to the $0.13 level, bulls have finally stepped in with renewed momentum. According to Martinez, the coming days could be pivotal for Dogecoin. His technical analysis indicates that a close above the $0.17 mark would trigger a bullish breakout, opening the door to $0.21 or even $0.29, as long as the price maintains the $0.13 support. This setup is drawing attention from both retail and institutional traders who are now eyeing DOGE as a potential high-beta play during this recovery phase. Still, confirmation is needed. If Dogecoin can hold above $0.17 with volume, the meme coin may finally leave its consolidation zone behind and regain market momentum. Related Reading: Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity? DOGE Price Tests Key Resistance After 30% Rally Dogecoin is currently trading at $0.162, marking an impressive 30% surge from last Mondays low of approximately $0.129. The bounce comes amid broader market optimism following a temporary pause in tariff escalation announced by US President Donald Trump. However, for DOGE to fully confirm a recovery phase, bulls must continue the momentum and reclaim critical resistance levels ahead. The next upside targets for DOGE sit at $0.185 and $0.205. A sustained close above these levels would signal a strong reversal and potentially kick off a broader uptrend. These price zones align with previous supply areas where selling pressure intensified during past rallies, making them essential hurdles for bullish continuation. Despite the recent rally, risks remain. If Dogecoin loses support at the $0.15 level, it would indicate weakening bullish control and open the door for a decline toward the $0.12 zoneclose to its recent bottom. Such a move would likely invalidate the recovery narrative and reinforce the view of DOGE remaining in a broader downtrend. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours Sign Of Recovery? For now, the market watches closely. Holding above $0.15 and breaking $0.185 will be crucial to confirm whether Dogecoin is truly gearing up for a sustained reversal. Featured image from Dall-E, chart from TradingView

Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours  Sign Of Recovery?

Author: Sebastian Villafuerte
United Kingdom
Apr 13, 2025 12:05

Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours Sign Of Recovery?

Dogecoin has been under heavy selling pressure in recent weeks, with global tensions and macroeconomic instability dragging down risk assets across the board. The broader market correction, fueled by fears of a global recession and escalating trade disputes, hit meme coins especially hardDogecoin among them. After setting fresh local lows, DOGE now appears to be mounting a recovery attempt. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasnt Moved In A Year In a potential shift of sentiment, Dogecoin is beginning to move to the upside, testing key resistance levels that could determine the next phase of its trend. The return of bullish momentum comes as fresh on-chain data from Santiment reveals a noteworthy development: whales have bought over 80 million DOGE in the last 24 hours. This aggressive accumulation by large holders has sparked renewed optimism, signaling growing confidence among major players despite the broader markets uncertainty. With volatility still elevated and DOGE sitting at a technical inflection point, the coming days will be critical. Whether this whale activity marks the start of a broader uptrend or just a temporary bounce remains to be seenbut for now, the data points to a shift in momentum that investors will be watching closely. Dogecoin Struggles To Recover As Global Tensions Weigh On Markets Dogecoin has been one of the hardest-hit cryptocurrencies during the recent market downturn, shedding over 70% of its value since its December highs. Once viewed as a symbol of retail enthusiasm and viral momentum, DOGE is now leading the meme coin segment into a deeper drawdown. Investors who had high hopes for a continuation of last years uptrend are now facing a reality check, as macroeconomic instability and geopolitical risk continue to pressure high-volatility assets. US President Donald Trumps recent escalation of tariff measurescoupled with retaliatory actions from Chinahas heightened fears of a prolonged trade war, adding uncertainty to already fragile markets. Equities, commodities, and crypto have all experienced extreme volatility, but meme coins like Dogecoin have suffered the most. Without a strong use case or fundamental backing, sentiment-driven assets like DOGE tend to face the heaviest selling when risk aversion spikes. Despite the broader negativity, there are hints of accumulation that could offer hope for a turnaround. According to data shared by top crypto analyst Ali Martinez, whales bought over 80 million DOGE in the last 24 hours. This buying activity suggests that some large players are viewing the current levels as attractive entry pointseven if a full recovery has yet to materialize. For now, Dogecoin remains in a vulnerable position, but rising whale interest could be a signal worth monitoring. Related Reading: Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align Analyst DOGE Battles Key Resistance After 25% Surge From Local Lows Dogecoin is trading at $0.163 after a strong 25% rebound from the recent low of $0.13, signaling a potential shift in momentum following weeks of persistent selling pressure. The meme coin, which had been one of the worst performers during the recent market downturn, is now testing a critical resistance zone that could determine its next move. Bulls are now eyeing the 4-hour 200 moving average (MA) and exponential moving average (EMA), both positioned around the $0.17 mark. Reclaiming this level is essential to confirm short-term strength and spark a sustainable recovery rally. So far, price action suggests growing interest, but macroeconomic headwinds and market-wide caution continue to limit upside potential. Related Reading: Solana Eyes $200 Target As It Gains Momentum Recovery Could Mirror 3-Month Downtrend On the flip side, if Dogecoin fails to break through $0.17 and slips below current levels, the risk of a deeper correction remains in play. Such a move could push the price back toward the $0.14$0.13 support zone, erasing recent gains. As volatility remains elevated across the crypto market, DOGE traders will be closely watching this resistance level for signs of confirmationor rejection. Featured image from Dall-E, chart from TradingView

Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally

Author: Sebastian Villafuerte
United Kingdom
Apr 01, 2025 12:05

Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally

Dogecoin is trading around a key demand zone as the entire crypto market battles renewed selling pressure. Among the hardest-hit segments are meme coins, which have seen sharp pullbacks in recent days. Dogecoin, the original and most recognized meme token, continues to follow a persistent bearish trend one that may not reverse unless current levels hold firm. Related Reading: Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone Details Investor sentiment across the space remains cautious, with rising macroeconomic uncertainty and weakening momentum dragging prices lower. For Dogecoin, this moment is especially critical, as its price action now hovers just above the lower boundary of a long-term parallel channel. Crypto analyst Ali Martinez shared technical insights revealing that Dogecoin is still holding above this crucial support level. According to Martinez, a spike in demand from this zone could act as the launchpad for a rally toward the mid or upper range of the channel potentially offering much-needed relief for DOGE holders. While broader market conditions remain fragile, Dogecoins structure suggests it still has room to rebound but only if buyers step in soon. As price compresses near support, the next move could define the tokens short-term trend in a market filled with uncertainty. Dogecoin Down 66% As Market Uncertainty Weighs On Sentiment Dogecoin is currently trading under heavy pressure, down approximately 66% from its multi-year high near $0.48. Despite brief attempts at recovery, underwhelming price action and bearish sentiment continue to drag DOGE lower, with bulls struggling to find momentum in an increasingly volatile market. The broader macroeconomic backdrop isnt helping either rising interest rates, geopolitical instability, and trade war tensions have all contributed to a high-risk environment across global financial markets. This turbulence is having an outsized impact on speculative assets, and meme coins like Dogecoin remain some of the most vulnerable. The current conditions suggest that heightened volatility may become the new norm for the foreseeable future, increasing the risk of further downside for DOGE unless strong support holds. Martinez’s technical outlook on X notes that the $0.15 level is now essential for Dogecoin bulls. According to his analysis, DOGE continues to trade just above the lower boundary of a long-term bullish channel a structure that has held firm through multiple market cycles. Martinez emphasizes that a spike in demand at this level could trigger a sharp rally, potentially pushing DOGE toward the mid or upper range of the channel, between $4 and $7. While this may seem ambitious given current sentiment, the long-term setup remains technically intact but bulls must step in now to avoid a complete breakdown. Related Reading: Ethereum MVRV Ratio Nears 160-Day MA Crossover Accumulation Trend Ahead? DOGE Bears Push Bulls to the Edge Dogecoin is trading at $0.16 after facing intense selling pressure over the past several days, dropping more than 20% in under a week. The sharp decline has placed bulls in a difficult position, with momentum clearly favoring the bears. The price structure remains decisively bearish, and if DOGE fails to hold the critical $0.15 support level, a dramatic collapse could follow potentially sending the meme coin into lower demand zones not seen in months. The $0.15 mark now stands as the last line of defense for bulls, as it aligns with a key long-term support level within a broader bullish channel. Losing it would likely trigger panic selling and confirm a breakdown in market structure. However, if Dogecoin can maintain support above $0.16 and attract renewed buying interest, theres still potential for a short-term recovery. A bounce from current levels could spark a rally toward the $0.20$0.25 range a zone that previously acted as strong resistance and may offer the first real test of any upward momentum. Related Reading: Bitcoin OTC Desks Are Draining Supply Squeeze On The Horizon? With market volatility high and sentiment shaky, DOGEs ability to hold current levels will be key to determining whether this is just another dip or the start of something worse. Featured image from Dall-E, chart from TradingView

Dogecoin Breaks Above Falling Wedge Pattern  Analyst Sets $0.43 Target

Author: Sebastian Villafuerte
United Kingdom
Mar 04, 2025 12:05

Dogecoin Breaks Above Falling Wedge Pattern Analyst Sets $0.43 Target

Dogecoin is trading below key levels after dropping over 10% following last nights bullish price action. The meme coin market continues to struggle, and Dogecoin is no exception. Since late January, DOGE has failed to reclaim previous highs and consistently set lower prices each week. Investors are growing cautious as selling pressure remains strong, preventing any meaningful recovery. Related Reading: If Ethereum Holds $2,200 Price Could Recover Fast Analyst Sets Price Target Despite the recent downturn, some analysts remain optimistic about DOGEs long-term prospects. Top analyst Carl Runefelt shared a technical analysis on X, showing that DOGE recently broke out of a long-term falling wedge pattern and is now retesting it. Historically, falling wedge breakouts have led to significant upward movements, provided that the breakout is confirmed. If Dogecoin holds firm above this key level and successfully confirms the breakout, a massive price move could follow, potentially reversing the bearish trend. However, failure to hold this level could lead to further declines, pushing DOGE into lower demand zones. The next few days will be crucial in determining Dogecoins short-term price direction as traders watch for confirmation of the breakout or signs of another downturn. Investors Keep Selling Dogecoin: Can This Change? Dogecoin is facing a crucial test as it attempts to break above key resistance without falling below critical demand levels. Bulls are now working to reclaim lost territory that could ignite a significant rally, but price action remains uncertain in the short term. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K Can It Break $100K This Week? The meme coin market has been under intense selling pressure, and Dogecoin has struggled to establish strong demand despite multiple breakout attempts. Investors are closely watching for signs of strength, but so far, bulls have failed to generate the momentum needed for a sustained recovery. Runefelt’s technical analysis reveals that DOGE recently broke out of a long-term falling wedge pattern and is now in the process of retesting it. Historically, falling wedge breakouts have led to explosive price movements, provided the breakout holds. Runefelt has set a price target of $0.434 in the coming weeks if the breakout remains intact. However, despite this bullish setup, there is no clear direction for the broader crypto market as long as Bitcoin remains below the $100K level. With BTC leading the way for the entire industry, meme coins like Dogecoin are likely to follow Bitcoins moves. If BTC reclaims key levels, DOGE could experience a rapid price surge, but continued uncertainty in the market could limit its upside potential. DOGE Testing Short-Term Liquidity Dogecoin is trading at $0.21 after a strong 33% rally over the past few days. Bulls have gained a slight advantage, pushing the price above key resistance levels. However, for DOGE to maintain momentum, it must hold above the critical $0.20 mark, which now serves as short-term support. If bulls successfully reclaim $0.255 in the coming days, Dogecoin could see a significant breakout, leading to a massive recovery phase. A move above this level would confirm a bullish reversal and potentially trigger further buying pressure, sending DOGE toward higher resistance zones. However, the market remains volatile, and losing the $0.20 level could quickly reverse recent gains. If DOGE fails to hold this support, a 15% drop could follow, bringing the price back into lower demand zones. Traders are closely watching Bitcoins movement as any major BTC sell-off could impact meme coins, including Dogecoin. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours The Accumulation Continues For now, DOGE bulls are in control, but they must continue defending key levels to sustain the current uptrend. A decisive move in either direction will set the stage for Dogecoins next big move. Featured image from Dall-E, chart from TradingView

Dogecoin Breaks Above Bullish Daily Pattern  Analyst Sees A Surge To $0.43

Author: Sebastian Villafuerte
United Kingdom
Mar 26, 2025 12:05

Dogecoin Breaks Above Bullish Daily Pattern Analyst Sees A Surge To $0.43

Dogecoin is starting to show signs of life after weeks of sideways trading in a tight range between $0.16 and $0.18. Meme coins have suffered heavily amid broader market uncertainty and ongoing selling pressure, with bulls struggling to reclaim key resistance levels. However, momentum appears to be building. Related Reading: Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move Insights Over the last 24 hours, Dogecoin managed to break above the $0.18 mark for the first time in days, sparking excitement among traders. While bulls have yet to sustain a push higher, the breakout could be an early sign of a trend reversal. Investors are watching closely to see if DOGE can establish a foothold above current levels and begin a meaningful recovery. Top analyst Carl Runefelt shared technical insights on X, noting that DOGE is breaking out of a bullish falling wedge pattern on the daily charta formation often associated with strong upside moves. If the breakout holds, Dogecoin could be poised for a significant rally in the short term. However, bulls must reclaim higher resistance levels soon to keep the momentum going. All eyes are now on DOGE as it attempts to lead a potential meme coin recovery. Bulls Attempt To Reclaim Momentum Dogecoin is hovering at a critical juncture as it trades just above crucial demand levels near $0.15. Despite a challenging environment for meme coinstypically the hardest hit during market downturnsDOGE has managed to hold its ground, suggesting resilience from long-term holders. Still, bulls have a lot of work to do if they want to reclaim control and initiate a sustained recovery. After weeks of consolidation, Dogecoin is showing early signs of a potential reversal. The broader market is searching for a catalyst, with analysts and investors watching closely for any signals that could push crypto assets into a recovery phase or trigger further declines. Market participants are growing increasingly anxious, especially given the speculative nature of meme coins and their historical volatility during bear cycles. Runefelt’s technical insights reveal that Dogecoin has broken out of a falling wedge pattern on the daily timeframe. This is a bullish formation that often precedes sharp upward moves. According to Runefelt, if DOGE holds above the wedge breakout zone, it could rally toward the $0.43 markits next major resistance level. This week could prove pivotal for Dogecoin and the broader market. If bulls manage to build on recent strength and push above key resistance levels, DOGE could lead a new wave of meme coin momentum. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio Details Dogecoin Price Faces Key Test Around $0.185 Dogecoin is trading at $0.185 after several days of sideways consolidation, struggling to push decisively above this level. While the recent breakout from a falling wedge pattern has created a more optimistic outlook, bulls now face the challenge of turning resistance into support. The $0.18 level has emerged as a critical pivot point, and holding above it is essential to maintain upward momentum. For DOGE to confirm a true recovery rally, bulls must reclaim the $0.22 level in the coming sessions. A push above this zone would mark a clear shift in trend and open the door for a test of higher resistance near $0.25 and beyond. However, the path forward is not without risk. If Dogecoin fails to hold $0.18 as support, selling pressure could intensify, sending the price back toward the $0.15 zonean area that previously acted as a major demand floor. Related Reading: Ondo Finance Eyes Breakout As Price Tests $0.89 Channel Resistance Analyst With meme coins typically more sensitive to broader market sentiment, Dogecoins next move will likely mirror the overall direction of crypto. A strong Bitcoin rally could help lift DOGE, but without it, bulls must show strength quickly to avoid a deeper retracement. Featured image from Dall-E, chart from TradingView

Whales Accumulate Over 120 Million Dogecoin In Past Week  Analyst

Author: Sebastian Villafuerte
United Kingdom
Mar 24, 2025 12:05

Whales Accumulate Over 120 Million Dogecoin In Past Week Analyst

Dogecoin and meme coins have taken a hit in recent weeks, with heightened market volatility and macroeconomic uncertainty weighing heavily on risk assets. After a steep correction from recent highs, DOGE is now consolidating in a tight range between $0.16 and $0.18. This zone has become a critical battleground for bulls and bears alike as investors wait for a clear breakout or breakdown. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours Accumulation Trend? For bulls, reclaiming levels above $0.18 is essential to kickstart a recovery and restore confidence in the assets short-term outlook. If DOGE can break above this resistance, momentum could quickly build toward higher price targets. However, continued weakness below $0.16 could signal a deeper correction ahead. Despite the recent struggles, on-chain data paints a more optimistic picture. According to Santiment, whales have accumulated over 120 million DOGE in the past week, suggesting that large holders are positioning for a potential rebound. This increase in whale activity is often seen as a bullish signal, especially during periods of consolidation. Whether Dogecoin can capitalize on this support remains to be seen, but for now, the groundwork for a breakout is being laid. Dogecoin Consolidates Ahead Of Potential Breakout Dogecoin has remained in a tight consolidation range since March 11, trading between $0.16 and $0.18 with no clear breakout in sight. This prolonged period of sideways movement has left investors on edge, as the entire crypto market awaits a decisive catalyst to determine the next major direction. Market conditions remain highly uncertain, driven by global macroeconomic instability, aggressive monetary policies, and ongoing trade tensions. As a result, traders are preparing for increased volatility. Meme coins like Dogecoin are typically among the most volatile assets during both bull and bear phases. In bear markets, they tend to be hit the hardest due to their speculative nature and lack of strong fundamentals compared to large-cap projects. With analysts split on whether this is a correction within a larger bull cycle or the beginning of a full-fledged bear market, Dogecoins next move could be pivotal. Despite the fear in the market, on-chain metrics suggest that large holders may be positioning for a move higher. According to data shared by top analyst Ali Martinez on X, whales have bought over 120 million DOGE in the past week alone. This accumulation by major players could signal growing confidence in a potential rebound, especially if Dogecoin can break above the $0.18 resistance zone. For now, the market continues to watch closely. A breakout from this range could lead to a rapid move, either up or down, with whale activity hinting that bulls may be preparing to take control. Whether Dogecoin rallies or retreats will depend on the broader markets next movebut all eyes are on the meme coin leader. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 Will Price Follow? Price Holds Key Support But Faces Crucial Resistance Ahead Dogecoin is currently trading at $0.16 after several days of consolidation between the $0.15 support and the $0.17 resistance level. This narrow range reflects the uncertainty dominating the broader crypto market, with meme coins like DOGE experiencing low volatility and cautious trading activity. Despite holding above $0.15a critical support zonebulls have been unable to generate enough momentum to push prices toward the $0.20 level. Reclaiming $0.20 is essential, as it would likely signal the start of a recovery phase and potentially trigger bullish sentiment across the Dogecoin community. That level could serve as a launchpad for a new rally, especially if broader market conditions stabilize and BTC leads a move upward. However, if DOGE fails to hold the $0.15 support, the risk of a deeper correction increases significantly. A breakdown below this level could send the price into lower demand zones, potentially testing the $0.13 or even $0.12 levels in a more bearish scenario. Related Reading: Ethereum Trades At A Critical Level Major Reclaim Or Steep Drop Ahead? For now, the price remains range-bound, but pressure is building. Bulls must act soon to reclaim higher ground, or bears may seize control and drive DOGE into deeper losses. The coming days will be critical for determining short-term momentum. Featured image from Dall-E, chart from TradingView

Dogecoin Will Start A Move To $4 If Current Demand Holds  Can Bulls Step In?

Author: Sebastian Villafuerte
United Kingdom
Mar 03, 2025 12:05

Dogecoin Will Start A Move To $4 If Current Demand Holds Can Bulls Step In?

Dogecoin is trading below key liquidity levels as the price struggles with intense selling pressure. The entire meme coin market has seen massive liquidity outflows, with fear and uncertainty dominating investor sentiment. Speculative assets like DOGE have been hit the hardest, leading to a sharp price decline of over 35% since mid-February. With negative momentum still driving the market, some analysts speculate that this trend could continue, possibly pushing DOGE to even lower levels. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours The Accumulation Continues However, not all analysts are bearish on Dogecoins future. Analyst Ali Martinez shared a long-term technical analysis suggesting that despite recent struggles, DOGE is still positioned for a potential rally. According to Martinez, if Dogecoin holds above the $0.16 to $0.19 support, the path remains open for a potential move to $4 in the coming months. This support zone has historically been a critical accumulation area, and if buyers step in, Dogecoin could be set for an aggressive rebound. With the meme coin market at a crossroads, Dogecoin remains a key asset to watch. Whether it continues to drop or reclaims strength will depend on how this crucial support level holds in the coming weeks. Dogecoin Prepares For A Macro Move Dogecoin is trading below the $0.25 mark, a key price level that will determine short-term direction. The meme coin market continues to bleed, with speculative assets facing the worst selling pressure. Dogecoin, the leader of this sector, has dropped 46% since late January, struggling to regain momentum as the market remains fearful. Analysts warn that a further downside is possible unless buyers step in to defend key support. Martinezs analysis highlights a crucial long-term perspective for Dogecoin. He notes that if DOGE holds above the $0.16 to $0.19 support, the path remains open for a potential move to $4. This would represent a 1,700% price increase, making DOGE one of the most explosive assets in the market. However, Martinez emphasizes that this move will take time, and even if DOGE holds these levels, it doesn’t guarantee an immediate rally. Related Reading: Ethereum Retraces To Critical Monthly Demand Level Can ETH Hold Selling Pressure? In the short term, DOGE must reclaim the $0.25 level to break the bearish trend and confirm a potential reversal. If selling pressure continues, a drop below $0.16 could lead to further declines and invalidate the bullish outlook. For now, all eyes are on whether this crucial support level holds, as it could set the foundation for Dogecoins next major move. DOGE Price Action Details: Key Levels To Watch Dogecoin (DOGE) is trading at $0.20 after days of struggling to reclaim the $0.21$0.22 resistance zone. Bulls have failed multiple attempts to push the price higher, and now bears remain in control as selling pressure continues to weigh on the price. With weak momentum in the broader crypto market and meme coins facing heavy liquidity outflows, DOGE is at risk of further downside. If DOGE fails to hold above current levels, the next major support sits at $0.17, a level where buyers could attempt to defend the price. Losing this mark could lead to another leg down, confirming a prolonged correction. On the other hand, a strong bounce and reclaim of the $0.25 level would indicate that bulls have regained control and could trigger a massive recovery. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift For now, DOGE must break above the $0.22 level and flip it into support to build momentum for a potential rally. If buyers step in and push the price above $0.25, it would confirm a trend reversal and open the path for higher targets. However, with bears still leading the market, the risk of a deeper drop remains high, making the coming days crucial for DOGEs price action. Featured image from Dall-E, chart from TradingView

Dogecoin Holds Critical Support Level  Can Bulls Reclaim $0.25?

Author: Sebastian Villafuerte
United Kingdom
Mar 02, 2025 12:05

Dogecoin Holds Critical Support Level Can Bulls Reclaim $0.25?

Dogecoin is trading above the $0.20 level after days of intense selling pressure and market-wide volatility. Bulls have lost control of the price action, and DOGE is now at risk of further declines if it fails to hold key support. The broader meme coin market has also been hit hard, contributing to Dogecoins struggles as sentiment remains weak. Related Reading: Ethereum Retraces To Critical Monthly Demand Level Can ETH Hold Selling Pressure? Top analyst Ali Martinez shared a technical analysis on X, revealing that DOGE is testing a high-time-frame support level around $0.18. This level has historically acted as a strong demand zone, making it crucial for bulls to defend it. If DOGE manages to hold above this support and reclaim the $0.22 level, a short-term recovery rally could be possible. However, if selling pressure persists and DOGE loses the $0.18 support, the next stop could be significantly lower. Market conditions remain uncertain, and traders are closely watching whether Dogecoin can stabilize or if further downside is on the horizon. The next few days will be critical in determining whether DOGE can recover or if it will continue to follow the bearish trend that has dominated the market in recent weeks. Dogecoin Testing Long-Term Demand Level Dogecoin is trading below the $0.25 mark, a key price level that will determine short-term direction. Analysts are warning of further downside risks as the market continues to face heavy selling pressure. The meme coin sector has been hit the hardest during this correction, and Dogecoin is leading the way with a 36% drop in the past two weeks. Sentiment remains bearish, and investors are looking for signs of stability before considering any potential recovery. Martinez shared a technical analysis on X, revealing that Dogecoin is trading above a critical support level around $0.18. This level is crucial for maintaining the long-term bullish structure. If bulls manage to hold above this mark, it could prevent further downside and provide a foundation for a recovery rally. Martinez also notes that DOGE is currently holding around the lower boundary of a macro ascending channel. Historically, this level has acted as a strong support zone for price rebounds. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift If Dogecoin holds this level, a massive rally could follow, potentially pushing the price back toward the $0.25 resistance level. However, if the support fails, DOGE could experience a deeper correction. The next few days will be critical in determining whether DOGE can sustain its bullish structure or if it will continue its downward trend. Crucial Phase For DOGE Price Action Dogecoin is trading at $0.20, sitting at a crucial short-term resistance level just below $0.21. Bulls are trying to regain control, but selling pressure remains strong, making it difficult for DOGE to break above this key price point. If bulls successfully reclaim the $0.21 level and push above the $0.25 mark, a strong rally into higher prices could follow, potentially shifting market sentiment in favor of buyers. However, the downside risk remains significant. If DOGE fails to hold its current levels and loses support at $0.18, it could trigger a deeper correction, pushing the price toward lower demand zones. This level has historically acted as a critical support for Dogecoin, and losing it could lead to further sell-offs in the broader meme coin market. Related Reading: Litecoin Holds Solid Structure Amid Market Breakdown Analyst Forecasts A Big Move The next few trading sessions will be crucial in determining the direction of DOGE. A breakout above resistance could signal the start of a recovery, while a failure to hold key levels may result in further bearish momentum. Traders are watching closely for confirmation of either scenario as meme coins continue to face heavy volatility in the current market conditions. Featured image from Dall-E, chart from TradingView

Oct 29, 2022 08:25

Dogecoin (DOGE) Climbs 44% In Last 7 Days As Other Cryptos See Correction

While the crypto market faces a correction period, Dogecoin has been able to notch gains. The popular meme coin has boasted over 44% gains in the last week alone. The cryptocurrency currently trades at $0.086 with a 24-hour volume of $3,308,559,307. This makes it one of the top gainers in the past week. There are several reasons for DOGE’s price action. One of them is Elon “Dogefather” Musk’s Twitter acquisition. The news has recently been making rounds on social media that the Tesla CEO would finally close his Twitter deal. With him finalizing the acquisition today, Doge supporters are bullish about the future of the cryptocurrency. Related Reading: Why Bitcoin (BTC) Could Not Surpass Litecoin (LTC) In This Key Area Doge Soars 12% On The Day After Market-Wide Correction The entire crypto market experienced corrections that saw several coin prices retract by as much as 10 percent. Dogecoin also experienced this correction and was down by 8 percent. However, DOGE has risen by 12% in the past few hours, recouping losses sustained during the market-wide slump. Dogecoin’s value has also increased by over 40% in the past week. Its trading volume has also increased dramatically within this period. Market cap-wise, Doge is the ninth-largest crypto, and its price of roughly $0.086 was the highest since August. According to CoinMarketCap, it has seen a trading volume of $3.3 billion in the last 24 hours. This means that more Dogecoin has traded hands in the last 24 hours than Solana or Bitcoin Cash. In fact, all meme coins (as per CoinGecko report) have increased in value by approximately 10% in the same timeframe. Doge has only experienced this much trading activity in 2022 three times. The first was when Elon Musk announced that he’d accept DOGE as a payment method for Tesla transactions back in January. The second time was when he announced he’ll be buying Twitter. And the last time was when he accepted the bid in August. Musk Takes Over Twitter: Plans For The Social Media And DOGE Yesterday, Dogecoin price increased by more than 21% after Musk visited Twitter’s San Francisco headquarters carrying a sink. Musk’s visit served as a clue that the takeover agreement would be finalized before the October 28 deadline.  After Musk took full control of Twitter, several executives, including CEO Parag Agrawal and CFO Ned Segal, resigned. The head of legal, policy, and trust, Vijaya Gadde, and the general counsel, Sean Edgett, also resigned. Musk has assured Twitter’s workforce that a 75 percent layoff is not in the works. Related Reading: Ocean Protocol (OCEAN) Breaks Out With Bullish Bias, Will $0.25 Play Out? As per Musk’s plans for the social network, he intends to restore several banned accounts, including that of former US President Donald Trump. In addition, Twitter will roll out a feature that will enable NFTs to display natively in feeds. It will make buying and selling NFTs easier. Meanwhile, it’s unclear whether or not Musk will introduce Dogecoin on Twitter. However, the Dogecoin community expects Musk to make an announcement soon. Featured image from Pixabay and chart from TradingView.com

Jan 12, 2022 07:25

Dogecoin Price Prediction 2022: Market Analysis and Opinions

Although 2021 may have been the year Dogecoin went mainstream, an earlier Dogecoin price prediction has 2022 as an even more promising year for the coin. This meme coin skyrocketed in the ballpark of over 100% over the last 12 months, and that’s after a 50% pullback.  Dogecoin can be an intimidating investment, as it […]

The post Dogecoin Price Prediction 2022: Market Analysis and Opinions appeared first on Coindoo.

Long-Term Dogecoin Holders Are In Denial  On-Chain Metrics Expose Weakness

Author: Sebastian Villafuerte
United Kingdom
Feb 27, 2025 12:10

Long-Term Dogecoin Holders Are In Denial On-Chain Metrics Expose Weakness

Dogecoin (DOGE) is trading at key demand levels after two weeks of intense selling pressure, with bears driving DOGE down over 30%. The broader crypto market has faced a prolonged correction that started in mid-January, but meme coins have been the most impacted. As the market leader in the meme coin sector, Dogecoin has suffered extreme volatility, testing lower support levels as investor sentiment remains bearish. Related Reading: XRP Breaks Down Below Key Demand Analyst Expects A Drop To $1.65 Glassnodes on-chain metrics reveal that long-term Dogecoin holders are in “denial”, signaling growing uncertainty among those who have held DOGE for extended periods. The DOGE Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator has been in a declining trend, meaning that many long-term holders are seeing diminishing unrealized profits or even slipping into losses. This trend suggests that holders who once remained confident in Dogecoins long-term potential are now facing market doubt and may consider selling if conditions dont improve. As DOGE trades near crucial support, the next few days will be critical for determining whether bulls can reclaim control and push for recovery or if selling pressure will continue, forcing DOGE into deeper correction territory. Bitcoin and the whole market are setting fresh lows, and this week will be crucial for bulls to defend key demand at these levels. Dogecoin Crashes: Can Bulls Regain Control? Dogecoin has experienced a massive sell-off, plunging more than 59% from its December high of around $0.48 to a recent low of $0.19. This dramatic decline has fueled panic across the market, with sentiment deteriorating further as many analysts begin calling for the start of a bear market. The downturn has weakened investors’ confidence, and meme coinsonce the hottest sector in the marketare now facing the harshest corrections. Despite the ongoing decline, on-chain data suggests not all hope is lost for DOGE. Crypto analyst Ali Martinez shared Glassnode metrics indicating that long-term Dogecoin holders are in “denial”, according to the DOGE Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator. This data suggests that many long-term investors are still holding onto their DOGE despite the downturn but are starting to grow tired of the prolonged downtrend. Historically, such “denial phases” can precede either a final capitulation or a strong rebound if bulls reclaim control. Related Reading: Solana Loses Long-Term Support Level Analyst Shares Insights The upcoming week will be crucial in determining whether Dogecoin can bounce back from current levels or if sellers will continue to dominate. If DOGE manages to hold key support levels and reclaim momentum, a relief rally could be in sight. However, if selling pressure persists, the price may continue trending downward, extending the correction further. Dogecoin Price Struggles After 19% Drop Dogecoin is trading at $0.21 after a sharp 19% drop since Monday, continuing its downward trajectory amid broader market weakness. The meme coin sector has been one of the hardest hit in recent weeks, with DOGE struggling to find strong support as selling pressure remains dominant. Bulls now face a critical test as holding above current levels is essential to avoid further downside. To initiate a recovery rally, DOGE needs to reclaim the $0.24 mark, a key resistance level that could signal the start of an uptrend. However, market sentiment remains cautious, and price action suggests that DOGE could enter a consolidation phase below this level before any meaningful recovery begins. Related Reading: Litecoin Trading Activity Increases Over The Past Month Potential LTC ETF Draws Speculation If Dogecoin fails to hold above $0.21, bears may continue pushing the price lower, potentially revisiting previous support levels. However, if buyers step in and DOGE stabilizes, it could build momentum for a future push toward higher prices. In the short term, traders should closely watch whether bulls can defend current demand levels and reclaim key resistance levels to confirm a potential reversal in price action. Featured image from Dall-E, chart from TradingView

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