Dogecoin Is Ready To Run Again Analyst Expects 60% Rally

Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move. Market sentiment remains optimistic as Dogecoin continues to attract attention from retail and institutional players. Related Reading: Dogecoin Whales Keep Buying DOGE Metrics Reveal Demand Remains Strong Top analyst Altstreet Bets recently shared a detailed technical analysis, suggesting that Dogecoin is poised for another rally. According to his analysis, DOGE is forming a strong base, indicating that a breakout could be imminent. Altstreet Bets has set an ambitious target of $0.65, predicting that the meme coin leader could reach this level in the coming weeks if current support holds and demand increases. Dogecoin’s consolidation phase is not unusual following a significant rally, as the market often takes time to stabilize before continuing its upward trajectory. For DOGE, breaking above $0.48 will signal that it is ready to resume its rally. As market participants closely watch for signs of a breakout, Dogecoins ability to hold current support levels will determine whether it can live up to its bullish expectations and reach new highs shortly. Can Dogecoin Rally Continue? Dogecoin has captivated the market with impressive gains of approximately 220% since November 5, fueling optimism among investors who believe the meme coin has more upside potential this cycle. However, the price is currently stuck below its $0.48 local high, set on November 23, raising concerns about whether it can sustain its momentum. DOGE must break decisively above this critical resistance level to reclaim its bullish trend. Altstreet Bets offered a compelling analysis on X, suggesting that Dogecoin is primed for another run. According to his insights, a breakout above the $0.45-$0.48 range would confirm renewed momentum, potentially driving the price to $0.67. Such a move would represent a 60% continuation of its ongoing trend and solidify Dogecoins leadership in the meme coin market. Despite the optimism, risks remain. Dogecoin could face further consolidation or a correction as the broader market waits for the next catalyst. The price action around the $0.45-$0.48 level will be critical in determining the coin’s trajectory. If DOGE fails to break higher, it may continue its sideways movement or retrace, testing lower support levels as investors reassess their strategies. Related Reading: XRP Reaches 6-Year High Whales And STH Accumulate Together For now, the market’s attention remains fixed on Dogecoin, with its ability to hold current levels and overcome resistance being pivotal in maintaining its upward momentum. DOGE Approaches Pivotal Resistance Dogecoin is currently trading at $0.42, experiencing days of sideways price action and repeated failed attempts to break above the $0.44 resistance level. This critical level has proven to be a tough barrier, holding back DOGE’s bullish momentum. However, analysts agree that once Dogecoin breaks above $0.44, a strong bullish breakout could propel the meme coin toward new all-time highs. Despite the optimism, the current lack of a decisive move raises concerns. If Dogecoin fails to break out in the coming days, it risks prolonged consolidation or a potential correction. This scenario could dampen market enthusiasm and lead to a test of lower support levels, further stalling DOGE’s upward trajectory. Related Reading: Bitcoin Price Supported By All-Stablecoins Cash Inflow Data Reveals Strong Correlation For Dogecoin to sustain its recent momentum and continue its rally, a breakout above the $0.48 mark is critical. Such a move would confirm bullish sentiment and pave the way for massive gains in the weeks ahead. Until then, DOGE remains precarious, with traders closely monitoring its performance as it battles resistance levels. The coming days will be crucial in determining whether Dogecoin can maintain its status as the leader of the meme coin market or face a setback.  Featured image from Dall-E, chart from TradingView

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If History Repeats Dogecoin Has Potential For A Parabolic Rally Details

Dogecoin (DOGE) has faced significant volatility, with the price plunging 45% from its multi-year high of $0.48. Despite the sharp correction, DOGE has managed to hold above the critical $0.30 level, providing hope for a potential rebound. This level now serves as a vital support zone as bulls aim to reclaim momentum. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours Details Top analyst Ali Martinez has drawn attention to an intriguing comparison on X, highlighting similarities between Dogecoins current price behavior and its performance in 2017. According to Martinez, DOGE’s historical patterns suggest that periods of sharp corrections have often preceded explosive parabolic rallies. If history repeats itself, Dogecoin could be gearing up for another meteoric rise. Market sentiment remains a mix of caution and optimism as traders monitor whether DOGE can maintain support and establish a foundation for upward momentum. The comparison to 2017 adds weight to the bullish case, as Dogecoin is well-known for its rapid and unpredictable price surges. 2017 vs 2025: What To Expect? Dogecoin (DOGE) appears to be mirroring its historical price patterns, setting the stage for a potential parabolic rally in 2024. According to top analyst Ali Martinez, who shared a detailed technical analysis on X, Dogecoins current price structure closely resembles its behavior during previous bull runs in 2017 and 2021. This comparison has sparked excitement among investors anticipating a massive breakout. In 2017, Dogecoin experienced a 212% surge, followed by a 40% retracement before skyrocketing 5,000%. Similarly, in 2021, DOGE surged 476%, retraced 56%, and then achieved an astonishing 12,000% rally. Now, in 2024, Dogecoin has already climbed 440% and retraced by 46%. Martinez notes that if history repeats itself, DOGE could be gearing up for another explosive rally, potentially breaking its all-time highs and entering price discovery. Such a pattern indicates that Dogecoin may deliver gains far beyond current expectations. A move into price discovery could propel DOGE to unprecedented levels, driven by renewed investor enthusiasm and FOMO (fear of missing out) as it regains momentum. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone Details While past performance doesnt guarantee future results, Dogecoins ability to replicate its historic cycles makes it one of the most closely watched cryptocurrencies. If the meme-inspired coin follows its established trend, 2024 could mark another defining chapter in Dogecoins journey. Dogecoin Testing Crucial Demand  Dogecoin (DOGE) is currently trading at $0.31 after enduring days of significant volatility and uncertainty. The recent rebound from the $0.26 low has provided a much-needed boost to investor confidence, suggesting that DOGEs price may have found solid footing to build further momentum. This quick recovery indicates underlying strength, raising hopes for continued upward movement. However, the $0.31 level remains a critical barrier for Dogecoin. If the price fails to reclaim and hold this level as support, it could result in a period of sideways consolidation, potentially delaying any meaningful recovery. Such a consolidation phase would likely keep DOGE range-bound, frustrating traders looking for clearer signals of direction. Related Reading: XRP Holds Key Demand Level Whale Activity Suggests Strength On the bullish side, a decisive push above the $0.36 mark could trigger a swift recovery, paving the way for Dogecoin to challenge higher resistance levels. Breaking this key threshold would signify renewed momentum, potentially attracting fresh buying interest and setting the stage for further gains. Featured image from Dall-E, chart from TradingView

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Dogecoin Will See New ATH Soon Top Trader Sets $2 Target

Dogecoin is testing demand above the $0.40 level following several days of consolidation below its yearly high of $0.484. This period of choppy price action has kept traders on edge, as Dogecoin’s price appears poised for a decisive move. Despite the temporary pause in upward momentum, market sentiment remains optimistic, with many investors anticipating another [...]

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Dogecoin Consolidates Below Key Supply Level Analyst Expects Rally Soon

Dogecoin (DOGE) is consolidating below a critical resistance at $0.43, a price point that has captured the attention of traders and analysts alike. This key level, acting as a significant hurdle, is widely seen as the launchpad for a potential parabolic rally. If DOGE manages to break above this barrier, it could enter uncharted territory [...]

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Dogecoin TD Sell Signal Goes Off, But Heres Why Parabolic Bull Run Can Still Continue

Dogecoin has just showed a Tom Demark (TD) Sequential sell signal, but an analyst has explained how the parabolic run could still continue for DOGE. Dogecoin Is Currently Showing A Pattern Similar To Previous Bull Runs In a new post on X, analyst Ali Martinez has discussed about a TD Sequential signal that has formed for Dogecoin’s weekly price recently. The “TD Sequential” refers to a technical analysis (TA) indicator that points out locations of probable tops and bottoms in a given asset’s price. This indicator involves two phases: the setup and the countdown. During the first of these, candles of the same color are counted up to nine. Once the nine candles are in, the setup is said to be complete, and a reversal in the asset may be expected. Related Reading: Ethereum Open Interest Sets New Record, Analyst Says Fireworks Guaranteed Naturally, the price would start heading down if the candles leading up to the setup’s completion were green, while it would catch an updraft if the candles were red. As soon as the setup is over, the countdown begins. This phase of the indicator works similarly to the setup, except for the fact that it lasts for thirteen candles. After these thirteen candles are also in, the asset may be considered to have arrived at another likely point of turnaround. Dogecoin has recently completed the TD Sequential phase of the first type, as the below chart for its weekly price shared by the analyst highlights. As is visible in the graph, Dogecoin has finished the TD Sequential setup with nine green candles, which implies the indicator has just given a sell signal for the memecoin. Considering the indictor’s history, it’s possible that this would lead to a drawdown for the asset. That said, history would also inform us of another thing, as Martinez has highlighted in the chart. It would appear that during each of the last two bull runs, DOGE observed a similar TD Sequential setup in the initial leg of the rally as the one witnessed recently. These signals led into declines for the coin, but the bearish momentum didn’t last very long on either occasion, as the rally renewed each time after a temporary setback. Related Reading: Glassnodes Bitcoin Seller Exhaustion Indicator Just Flashed A Signal: Bottom In? If this trend is to go by, it’s possible that the latest TD Sequential sell signal may also prove to be only a minor obstacle on the way up for the cryptocurrency’s price. From the graph, it’s also visible that the last two Dogecoin bull runs both fit neatly into an ascending parallel channel. The channel has also continued to hold in the current cycle so far, meaning that if DOGE is going to rise all the way toward its upper channel, it might break through the $14 mark. It only remains to be seen, though, whether the asset would repeat the pattern or if this cycle is going to be different from the last two. DOGE Price Dogecoin has hit the snooze during the last couple of weeks as its price has continued to move sideways around the $0.41 mark. Featured image from Dall-E, charts from TradingView.com

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Dogecoin To As High As $23? This Pattern Could Hint So

An analyst has pointed out a historical Dogecoin pattern that could suggest DOGE might see a bull run to as high as $23 this time around. Dogecoin Could Be About To Go Parabolic According To This Pattern In a new post on X, analyst Ali Martinez has discussed about where Dogecoin could be going next based on the pattern that has been observed during previous bull markets. Related Reading: Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go? Below is the chart shared by the analyst, which shows how DOGE has recently once again been showing a familiar trajectory in its monthly price. From the graph, it’s visible that Dogecoin had been trading inside a Descending Triangle pattern during the last few years, but the coin appears to have found a break above it recently. The Descending Triangle is a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. Generally, the bottom line of the triangle provides support to the asset’s price, while the top one can be a source of resistance. A break out of either of these lines can signal a continuation of trend in that direction. Thus, escapes out of the upper level, like the one that the memecoin has seen recently, can lead to a bullish outcome. As Martinez has highlighted in the chart, this isn’t the first time that Dogecoin has seen a long-term phase of consolidation inside a Descending Triangle. It would appear that the previous two such patterns also saw the cryptocurrency achieve breaks to the upside. Both of these breaks led to sharp bull runs for the coin, so it’s possible that the latest surge in the price is the start of something similar. As for how high DOGE might be able to go this time, the analyst has referred to Fibonacci levels. These levels are based on different ratios from the popular Fibonacci series. The first bull run topped out around the 1.618 Fibonacci level, which corresponds to the famous golden ratio that’s found in many natural formations. Related Reading: Bitcoin Could Be Ready For Phase 2 Of This Historical Bull Pattern The second one saw the cryptocurrency go through a larger jump, with its top being situated around the 2.272 level as measured from the top of the last bull run (corresponding to 1.000). Based on these tops, Martinez believes that the top of the next Dogecoin bull run might lie somewhere between the two levels. Relative to the last bull run top, the 1.618 lower cutoff of the range translates to around $3.95, while the upper 2.272 one to about $23.26. If Dogecoin can manage to touch even the first of these targets, its price would have seen growth of over 1,310% from where it’s today. DOGE Price At the time of writing, Dogecoin is trading at around $0.285, up 86% over the last seven days. Featured image from Dall-E, charts from TradingView.com

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Dogecoin Could Be Preparing For Next Big Rally, Analyst Explains

An analyst has explained how Dogecoin could currently be gearing up for the next bull run if historical pattern is anything to go by. Dogecoin Has Recently Shown Similar Trend To Past Cycles In a new post on X, analyst Ali Martinez has discussed about how Dogecoin has been forming a familiar pattern in its monthly price recently. Below is the chart shared by the analyst, which depicts the pattern in question. As is visible in the graph, Dogecoin had been stuck inside a long Descending Triangle between 2021 and 2024. The “Descending Triangle” here refers to a technical analysis (TA) pattern that, as its name suggests, looks like a triangle slopped downwards. Related Reading: Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue? In this pattern, the price of the asset consolidates between two lines: a bottom level parallel to the time-axis and an upper level converging towards the bottom level. Like other TA patterns, the upper level is probable to act as resistance, while the bottom one as support. Also, a break out of either of these lines can imply a continuation of trend in that direction. From the chart, it’s visible that Dogecoin managed to find a break above its multi-year Descending Triangle this year and as the pattern foreshadowed, the surge above the upper level led to a sharp rally, in which the memecoin’s price saw an appreciation of almost 208%. Since the top of the run, though, the asset has witnessed a peak retracement of around 65% so far. This development, however, may not actually be bad, as the analyst has pointed out that the chain of events that Dogecoin has gone through in recent years is in fact similar to what happened on two other occasions in the past. In both of these instances, DOGE broke out of a multi-year Descending Triangle to observe a sharp rally, followed by a retracement of a similar scale as the one witnessed recently. The memecoin then went on to observe full-blown bull runs in both of these cases. Based on this historical pattern, Martinez notes, “after a recent 65% pullback, DOGE could be gearing up for the next big rally!” It now remains to be seen how the asset’s price develops from here and whether any similar rally would follow this time as well or not. Related Reading: XRP Crashes 14% As Whales Send Deposits To Exchanges In some other news, whales have shown rising activity on the Dogecoin network recently, as the analyst has pointed out in another X post. This increased activity from the large holders can lead to more volatility for Dogecoin, which could be towards a net upside if the whales are making these transfers for buying purposes. DOGE Price At the time of writing, Dogecoin is trading around $0.11, down more than 7% over the last week. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Dogecoin Analyst Expects A Multi-Year Bullish Breakout 200% Surge Potential

Dogecoin is trading critically, and investors are paying attention as this could shape next week’s price action. After several weeks of volatile market movements marked by sharp ups and downs, the entire crypto market is at a turning point. Many believe this week could set the stage for a massive rally. Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint Top analysts and investors are weighing in, with prominent crypto analyst Ali sharing compelling data that projects a significant surge for Dogecoin in this cycle. According to Ali, if DOGE can break its resistance levels, it could spark a positive trend for the meme coin.  This information has impressed many in the crypto space, as Dogecoin has been known for its explosive movements in past cycles. With so much on the line, the next few days could be pivotal for DOGE’s future. Dogecoin Testing Crucial Resistance Dogecoin is testing a crucial resistance at $0.115, with bulls waiting for a breakout that could trigger a new rally. According to crypto analyst Ali, Dogecoin potentially repeats a familiar historical pattern, as shared in his technical analysis on X. Ali’s chart reveals that DOGE has consistently followed a bullish cycle pattern: a breakout from a multi-year descending triangle, a massive 200% surge, followed by a 60% retracement, and then an eventual bull run. Dogecoin has recently experienced a significant 65% pullback, which many believe could set the stage for its next explosive rally. If this pattern holds, DOGE may be on the brink of another major upward movement. Ali suggests that history often repeats itself in crypto, and Dogecoin appears poised to follow the same path. Related Reading: Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand If Dogecoin starts pumping, the price action could be fast and aggressive, as has been the case in previous cycles. Investors are encouraged to closely monitor DOGE in the coming days. A breakout above the $0.115 resistance level could signal the beginning of the next bullish phase. This potential rally could bring significant opportunities for those tracking the market closely. Technical Analysis: Key Levels  Dogecoin is trading at $0.111 after a modest attempt to test the daily 200 exponential moving average (EMA) at $0.117. The price now faces a potential for a retracement if it fails to reclaim this key indicator. If DOGE cannot break above the 200 EMA, the price will drop to $0.10, signaling a deeper correction. On the bullish side, if Dogecoin manages to push past the $0.12 mark, it could spark a new rally. The next significant supply level to test would be around $0.14, presenting a crucial target for bulls looking to gain momentum. Related Reading: XRP Price Bullish Potential Grows A Surge Above $0.65 Will Trigger Buyers As the market remains uncertain, the coming days will determine whether Dogecoin will continue its upward trend or face further downside pressure. Traders are monitoring these levels, as price action near the 200 EMA will dictate the next major move for DOGE. Featured image from Dall-E, chart from TradingView

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If Dogecoin Breaks Above Key Resistance We Could See A 25% Rally Top Analyst

Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher.  Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data STH Overheating? As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoins next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum.  The outcome of this resistance test will likely play a key role in shaping Dogecoins path forward, especially if it ignites renewed interest and buying pressure across the market. Dogecoin Price Starting To Rise Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market.  Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoins short-term trajectory, acting as a potential launchpad for further gains. Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher. Related Reading: Solana Bullish Pattern Holds Crypto Analyst Sets $202 Target However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, its clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term. DOGE Technical Levels To Watch DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term. However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data STH Overheating? As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView

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Dogecoin Breaks Above $0.12 Level Time For DOGE To Catch Up?

Dogecoin (DOGE) has finally broken through the crucial $0.12 resistance level, marking a significant milestone as it surges to catch up with the broader crypto market rally. After weeks of struggling below that key supply zone, DOGE has made a strong move upward, sparking optimism among analysts and investors alike.  Many investors believe that this breakout could signal the start of a more sustained rally for the meme coin. Top analyst Daan recently shared key insights, pointing to a bullish outlook for Dogecoin in the coming weeks. According to his analysis, the breakout from $0.12 opens the door for DOGE to capitalize on the current market momentum.  Related Reading: Strong Buy Signal For DogWifHat (WIF) Key Indicator Hints At Rally To $4 As Bitcoin and other major altcoins continue to gain strength, Dogecoin investors are closely watching for confirmation of bullish continuation, hoping for further upside potential. With the market pushing higher and Dogecoin now breaking free from past struggles, many expect the meme coin to deliver impressive gains in the near term. Dogecoin Making Moves Dogecoin has surged over 33% since Monday, and it is now holding above its previous resistance level, maintaining bullish price action. This rally has sparked optimism among analysts and investors, as the overall market sentiment remains positive, and many believe that Dogecoin is primed for further gains in the coming weeks. Top analyst and investor Daan shared a technical analysis on X, highlighting the significance of DOGEs recent breakout. According to Daan, Dogecoin has successfully broken above the crucial $0.12 horizontal level and the Daily 200 moving average (MA).  He noted that this breakout signals “pretty much clear skies” for the meme coin, as there is little resistance above this point. However, he also emphasized that $0.12 remains a key level, serving as an invalidation point if the price were to drop below it. Despite the impressive performance of other meme coins in the market, Dogecoin has lagged behind in recent months. With this breakout, however, many believe that DOGE is finally catching up, and the coming weeks could see even more significant upside for the popular cryptocurrency. Related Reading: Ethereum Bullish Pattern Signals Upcoming Rally Analyst Sets $2,870 Target As market conditions remain favorable, all eyes are on Dogecoin to see if it can continue building on this momentum and push toward higher price levels. DOGE Price Action Dogecoin is currently trading at $0.14 after a 4% retrace from its recent high of $0.147. This surge saw DOGE break above both the 200-day moving average (MA) and the exponential moving average (EMA), confirming a bullish outlook for the meme coin in the coming weeks.  Analysts and investors are optimistic that Dogecoin will continue its upward momentum, fueled by positive market sentiment. However, there is a risk that DOGE may face downward pressure if it fails to hold above the crucial $0.129 mark, which aligns with the 200-day MA. A drop below this level could lead to a deeper retrace, testing the strength of the recent rally. With market conditions remaining volatile, the upcoming week will be key to determining whether DOGE can maintain its bullish trend or if it will enter a period of consolidation or further correction. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs Traders are keeping a close eye on this support level, as a successful hold above $0.129 would likely signal more upside potential, while a break below it could dampen the current bullish sentiment. All eyes are on Dogecoin to see how it performs in the critical days ahead. Featured image from Dall-E, chart from TradingView

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Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising

Dogecoin tests a critical liquidity area of around $0.112 after days of choppy price action. While the broader crypto market, led by Bitcoin, is experiencing a notable rise from yearly lows, driven by positive economic data and improving sentiment, Dogecoin has yet to catch up. Other altcoins and meme coins have surged, but DOGE remains in consolidation. Related Reading: Analyst Forecasts XRP Bullish Breakout A 1,000% Opportunity? Analysts and investors are closely watching for a signal that could confirm a further uptrend for Dogecoin. The funding rate indicates rising demand, which could support a potential price increase. Top analyst and investor Ali has shared an intriguing buy signal for DOGE, suggesting that gains may be on the horizon. As the market sentiment shifts, traders closely monitor whether Dogecoin will follow the broader crypto trend and break out of its current range in the coming days. Dogecoin Price Is Set To Rise Dogecoin is currently at a crucial level that will determine its price action, as DOGE has struggled to hold above this area since early August. Speculation around DOGE’s performance in the coming months is optimistic, yet Dogecoin must catch up with the gains other meme coins deliver to investors.  Prominent analyst Ali has shared a technical chart on X, showing a buy signal for Dogecoin on the 4-hour price chart. This signal is significant because it appears in a shorter timeframe and often indicates a larger trend shift in the daily timeframe, suggesting a potential upside in the coming days. If this signal plays out, it could begin a stronger upward movement for DOGE. Supporting this optimistic outlook, key data from Coinglass reveals that the OI-weighted funding rate for Dogecoin is rising. A positive funding rate in cryptocurrency markets indicates that the price of perpetual futures contracts is higher than the spot price of the underlying asset. This means long positions are becoming more dominant, and long traders pay short traders a positive funding rate. This dynamic reflects increased demand for DOGE and hints at potential gains ahead. Related Reading: Solana Prepares For A 20% Rally Can SOL Reclaim $176? If Dogecoin can maintain strength above this critical level, it may finally follow the broader market’s uptrend. However, Dogecoin risks further consolidation or a potential drop if it fails to break above and sustain higher levels. For now, investors are watching closely, waiting for a confirmed move that could lead to significant gains for DOGE. DOGE Testing Supply: Breakout Soon? Dogecoin (DOGE) currently trades at $0.112 after several days of sideways trading below the daily 200 exponential moving average (EMA), which sits at $0.116. This level has acted as a key resistance, and breaking above DOGE must gain momentum. If the price manages to recover the 1D 200 EMA and push past the $0.13 mark, it could signal the start of a significant rally for Dogecoin. Such a move would likely reignite investor interest and attract new buying demand, potentially driving higher prices. However, if Dogecoin fails to hold above the $0.11 level and continues to struggle with the 1D 200 EMA, a deeper correction could be on the horizon. In that scenario, DOGE may retrace to lower demand areas around $0.09, where buyers might step in to prevent further downside. Related Reading: Active Dogecoin Addresses Reach Highest Level In 8 Months Is DOGE About To Rally? For now, Dogecoins price action remains in a tight range, and traders are watching closely to see if it can reclaim these critical levels or if a larger pullback is in store. The next few days will be essential in determining the future direction of DOGEs price. Featured image from Dall-E, chart from TradingView

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Dogecoin Could Break Yearly Highs Any Moment Now Crypto Analyst

Dogecoin is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. As the meme coin navigates this turning point, the broader crypto market anticipates a potential rally in the coming weeks, driven by the Federal Reserve’s recent decision to cut interest rates. However, October kicked off with increased selling pressure, leaving investors searching for signs of strength in Dogecoins price action. Related Reading: Bitcoin Failed Attempt To Break $64,000 Could Lead To A Disaster Analyst Top analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could begin its next rally any time now. His technical analysis highlights key support levels and suggests that the current price could be a launchpad for significant upside movement.  Despite the recent dip, many traders remain optimistic that DOGE could soon recover and enter a new bullish phase. All eyes are now on whether Dogecoin can hold its critical demand level and break out shortly. Dogecoin Testing Crucial Demand Dogecoin is currently surrounded by speculation as investors and analysts offer varying opinions on its future price action. After several weeks of significant ups and downs, the meme coin has seen massive volatility, reflecting the broader market’s uncertainty. Some analysts remain optimistic about Dogecoins prospects, while others caution against getting too bullish too soon. A technical analysis shared by prominent analyst Mister Crypto on X suggests a potentially bullish scenario for DOGE. His analysis highlights a 4-day (4D) price chart, where a bullish triangle pattern has just been broken. This breakout signals a possible rally ahead, which, if realized, could lead to gains exceeding 100%. Mister Cryptos forecast has sparked renewed hope among Dogecoin traders, who are now carefully managing their risk in anticipation of this potential move. Related Reading: XRP Will Jump 75% If It Holds Current Demand Level Details However, despite the optimism, there is still no clear confirmation that Dogecoin has entered a new bull run. For this bullish scenario to be validated, the price must close above the current demand level and hold support. Until then, the market remains cautious, and investors are waiting for further price action to confirm whether Dogecoin will break out or continue to trade sideways. With so much speculation and uncertainty, the coming days will be critical for DOGEs trajectory. Price Action: Technical Levels To Hold Dogecoin (DOGE) is currently trading at $0.106 after experiencing an 8% dip since Monday. The price has lost both the 4-hour 200 moving average (MA) at $0.107 and the 200 exponential moving average (EMA) at $0.108, placing DOGE in a precarious position as it now tests crucial demand levels. For bullish momentum to return, DOGE needs to break back above these key indicators and reclaim the $0.12 mark. A surge beyond this level could set the stage for a higher push, giving bulls the control they need to shift market sentiment. However, the current market environment remains fragile, and any failure to recapture the 4-hour MAs could signal further downside. Related Reading: Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand If DOGE fails to hold its current levels, analysts anticipate a deeper correction that could drive the price down to around $0.08, a key support zone. Traders are watching closely to see if DOGE can stabilize or if more downside is ahead. This makes the coming days crucial for determining whether the meme coin can rebound or face further selling pressure. Featured image from Dall-E, chart from TradingView

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Dogecoin Leads The Pack As Dog-Themed Coins Rally Trump Effect Sparks Excitement

The cryptocurrency market is buzzing as President-elect Donald Trump’s inauguration day (January 20) sparks renewed optimism. Among the top performers is Dogecoin, which has taken the lead in driving meme coins into a bullish phase. Over the past five days, Dogecoin has surged by more than 33%, signaling the potential for a massive rally ahead. Related Reading: Solana Season Is About To Return As Price Turns Key Resistance Into Support Analyst Dogecoin’s impressive performance reflects its longstanding position as the meme coin leader, capturing the attention of retail and institutional investors alike. The surge in DOGE’s price has also begun to influence other dog-themed coins, creating a ripple effect across the market. Analyst Jelle shared a technical analysis on X, pointing out that DOGE is paving the way for related coins like FLOKI to follow its upward trajectory. This resurgence comes amid broader speculation about pro-crypto moves under the new administration, adding to the market’s bullish sentiment. With meme coins gaining momentum and Bitcoin reclaiming key levels, Dogecoins rise is part of a larger trend suggesting significant growth in the crypto space.  As DOGE continues to push higher, the question remains: can it lead meme coins into another historic rally?  Dogecoin Expected To Rise  Dogecoin (DOGE) is on the verge of a significant breakout as bullish momentum builds around the cryptocurrency. Investors are eyeing a reclaim of key supply levels, which could signal the start of a massive rally. Market optimism grows by anticipation that Donald Trump, who is expected to prioritize crypto policies when he assumes office, could be pivotal in driving interest and investment in digital assets, including DOGE. Expert analyst Jelle recently shared his insights on X, predicting a surge in DOGEs value. With Trump almost back in office, the US Doge department will soon be a reality, Jelle commented, hinting at potential government-level engagement with cryptocurrency policies that could benefit the coin. This perspective has sparked enthusiasm among the DOGE community, leading to increased trading activity and speculation on upcoming price movements. Additionally, Dogecoins rally is influencing the broader category of dog-themed coins, with tokens like FLOKI beginning to gain traction. As DOGE leads, FLOKI and similar assets could follow its bullish trend, further amplifying market enthusiasm. Analysts see these coins as part of a larger narrative of crypto resurgence under a more crypto-friendly administration. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors Sign Of Strength? If Dogecoin successfully reclaims critical supply zones, it could pave the way for higher prices in the weeks ahead. Jelle remains confident in the coin’s trajectory, expecting continued upward movement fueled by both technical indicators and macroeconomic developments. As DOGE begins to rise, market participants are watching closely, betting on its potential to drive a broader rally in the cryptocurrency market. Testing Crucial Supply Levels Dogecoin (DOGE) is currently trading at $0.41, a pivotal supply level that holds the key to its next major price move. This level has become a critical battleground for bulls and bears, as reclaiming it as a demand zone could set the stage for a powerful upward rally. Analysts suggest that once DOGE establishes $0.41 as a foundation, the price could surge past last years high of $0.48, reigniting bullish momentum. Breaking the $0.48 resistance is expected to open the door to even higher targets, with Dogecoins all-time high (ATH) becoming a more achievable goal. Market sentiment remains optimistic, with traders closely monitoring a potential daily close above the $0.50 threshold. Such a move would not only confirm the bullish trend but also signal the beginning of a massive rally that could lead the meme coin market. Related Reading: Cardano Whales Go On A Shopping Spree 100 Million ADA in 48 Hours Historically, Dogecoins price action has created ripple effects across the crypto space, particularly among meme coins. A breakout above $0.50 could drive renewed interest in DOGE and similar assets, reinforcing its position as a leader in the market. As momentum builds, the coming days could mark a turning point for Dogecoin, with investors eyeing a potentially explosive rally. Featured image from Dall-E, chart from TradingView

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