Dogecoin Price Could Soar 900%: Analyst Predicts What Needs To Happen

Since reaching its yearly high of $0.2288 on March 28, the Dogecoin price has plummeted by over 54%. From its all-time high in May 2021, the DOGE price has declined by more than 85%. Despite this downturn, crypto analyst Cryptorphic (@Cryptorphic1) suggests that a bullish reversal may be on the horizon. Cryptorphic has conducted an in-depth analysis of the weekly DOGE/USDT chart, positing that Dogecoin could experience a substantial 900% surge in price. This optimistic forecast is underpinned by a combination of seven factors, ranging from technical indicators to broader market trends. What Needs To Happen For Dogecoin To Skyrocket By 900%? The chart shared by the analyst shows Dogecoin’s performance since February 2021, which is capped in a tightly bound channel. This channel was defined by consistent lower highs and higher lows forming a predictable pattern for over 1,127 days, until a notable change occurred. Based on this, Cryptorphic reveals seven arguments for being ultra bullish on DOGE. #1 Breakout Above Accumulation Channel In the last week of February 2024, DOGE experienced a breakout characterized by a massive candle that propelled it beyond the upper limits of this long-term channel. Following this breakout, Dogecoin entered a phase of retesting the upper boundary of the previous channel, a crucial phase for confirming the strength and potential longevity of the breakout. Related Reading: Dogecoin Price Looking Stronger Expect Massive Gains, Analyst Predicts The breakout is quite significant for occurring after over three years of price consolidation within a defined range. Such a long period of accumulation often sets the stage for massive price move once breached. A successful retest typically confirms the breakouts validity and could signal a continuation of the upward trend. #2 Strong Weekly Doji Candle Another key aspect of what needs to happen is printing a strong weekly Doji, signaling significant buying pressure from the bulls. Such a candlestick on the weekly chart would be characterized by a small body with a long lower shadow, suggesting a victory for the bulls in a tug-of-war between buyers and sellers. #3 The Musk-Effect The mention of Dogecoin by Elon Musk, who may be promoting DOGE as a means of payment on X after the presidential election, could increase speculative sentiment. Musk’s tweets have had an extremely strong influence on the DOGE price in the past, but things have gone very quiet in recent months. Elon Musk is likely to shill it after the presidential election this year, the crypto analyst speculates. #4 Moving Averages From a technical standpoint, Dogecoins current position above the 200-day Exponential Moving Average (EMA) suggests a strong bullish sentiment in the long-term perspective. Conversely, its struggle to maintain above the 100-day EMA indicates immediate challenges. Thus, a decisive close above the 100-day EMA could be another major sign for a DOGE bull run. Related Reading: Dogecoin Bounces Off Key Support Following Crash Below $0.1 #5 Relative Strength Index The Relative Strength Index (RSI), currently below 45, supports the theory that there is plenty of room to grow without pushing the asset into the overbought territory. This is critical as it suggests that despite recent gains, the asset is not yet at risk of a major sell-off due to overvaluation, according to this metric. #6 Market Trends The analysis also highlights the current trend where memecoins are outperforming more fundamentally solid projects, indicating a market preference that could favor DOGE in a bullish cycle. This needs to continue. MEME coins have been outperforming solid projects this season, and I believe DOGE will lead the charge in this bull run, the analyst states. #7 Weekly Close Above $0.11 Overall, the analyst claims that Multiple indicators are suggesting a bullish move is on the horizon. He plans to maintain a position in Dogecoin, with an intention to buy on dipsa strategy that leverages potential volatility for accumulation at lower prices. The identified trigger point for a bullish acceleration is a weekly close above $0.11 in the grey liquidity area. A close above this threshold could catalyze the anticipated rally. At press time, DOGE traded at $0.10432. Featured image created with DALL.E, chart from TradingView.com

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Dogecoin Set For 1,700% Rally, Echoing Past Cycle Trends: Crypto Analyst

Crypto analyst Ali Martinez, known as @ali_charts on X, has shared a highly optimistic scenario for the Dogecoin (DOGE) price based on historical price movements and pattern analysis today. Martinez emphasized a repeating cycle in Dogecoin’s market behavior, suggesting a potential for massive gains similar to those observed in previous bull runs. Dogecoin Price Set To Repeat History? According to the analysis, Dogecoin appears to be following a consistent pattern where it consolidates within a descending triangle, followed by significant rallies of 140% to 230%. This is typically succeeded by retracements ranging from 56% to 60%, setting the stage for a bull run. I haven’t sold one single DOGE. I’ve just been buying! Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run. So now we just wait!!! Martinez said via X. The chart shared by the crypto analyst illustrates a recurring theme in Dogecoins trading history. In 2016, DOGE price successfully broke out of a descending triangle pattern, leading to a substantial rally of 229.58%, followed by a significant retracement of 60.44%. This pullback set the stage for the primary bull run surge witnessed in 2017. Similarly, in 2020, Dogecoin experienced a 138% rise post a breakout from another descending triangle pattern, only to undergo a 59.86% decline subsequently. Nevertheless, this decline cleared the way for yet another remarkable price surge in 2021. The second wave of price surges for Dogecoin has historically been substantial. Over a four-month period from September 2017 to January 2018, DOGE experienced a near meteoric rise of almost 2,900%, climbing from $0.0007 to $0.0194, following a retracement of up to 60%, as Martinez noted. In the last cycle, from February 2021 to May 2021, Dogecoin rallied approximately 1,700%, escalating from $0.041 to its all-time high of $0.7316. A rally akin to the 2017-2018 surge about 2,900%-could potentially elevate DOGE’s price to around $4 from its current level. Meanwhile, a rally similar to the 2021 increaseabout 1,700%would approximately push DOGE’s price to $2.4. Notably, Martinez’s chart suggests he anticipates a clear break above the $2 mark, although no exact price target has been specified. Already in March this year, Martinez wrote via X: I feel my fellow degens have been distracted with the new shiny memecoins, but Dogecoin remains the most important altcoin in this sector. From a technical perspective, DOGE seems to mirror the 2018-2021 pattern. If so, DOGE could be at the very beginning of a massive parabolic bull run! At the time, Martinez shared a chart which showed that he expects DOGE to exceed $11 in this bull run. Yesterday, Martinez offered a short-term price forecast for DOGE, stating via X: It looks like Dogecoin broke out of a wedge, which suggests an upside target of 44%! According to the chart presented by the crypto analyst, the next key short-term resistance levels for DOGE are positioned at $0.14479, $0.1613, and $0.1844. It looks like #Dogecoin $DOGE broke out of a wedge, which suggests an upside target of 44%! pic.twitter.com/Tyw7pF9TwG Ali (@ali_charts) July 24, 2024 At press time, DOGE traded at $0.1241. Featured image created with DALL·E, chart from TradingView.com

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Dogecoin Could Eclipse $1 Mark This Bull Run, Predicts Analyst

In a technical analysis, noted crypto analyst Big Mike (@Michael_EWpro), has revealed a bullish forecast for Dogecoin (DOGE) that suggests the meme coin could surpass the $1 threshold in this bull cycle. The Dogecoin price prediction is rooted in the Elliott Wave theory, and is further reinforced by a robust set of technical indicators that underscore the coin’s strong upward potential. Dogecoin Could Peak Above $1 In 2025 The weekly chart (DOGE/USDT) highlights Dogecoin’s previous market performance, where it completed a 5-wave Elliott Wave pattern during the last significant bull run. This pattern saw the price of Dogecoin escalate to just above $0.70. Following this surge, the market entered a corrective phase characterized by a WXY patterna complex Elliott Wave correction structure that typically consists of three distinct price movements. This corrective phase marked a period of consolidation and retraction in Dogecoins price trajectory following its peak. Related Reading: Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase Since late 2023, according to Big Mike’s analysis, Dogecoin has embarked on a new 5-wave pattern. This nascent formation is anticipated to drive the Dogecoin price significantly higher than its previous highs. The first wave propelled the DOGE price to a peak just shy of $0.23. Following this, the second wave commenced, resulting in a retracement that pulled the price down to as low as $0.1140. The analysis indicates that Dogecoin is currently in the initial stages of the third wave of this Elliott Wave pattern. Traditionally, the third wave is the most dynamic and typically extends the furthest, especially within a strong bullish context. Notably, Big Mike highlights the existence of an ascending channel starting from the onset of wave 1 further corroborates the bullish sentiment maintained in this analysis. This channel maps out the potential pathway that Dogecoin might follow as it aims for new highs. The wave 3 could peak at the upper trendline of the channel, at around $0.60. Related Reading: Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% Wave 4 could potentially pull the Dogecoin price back to the lower boundary of the ascending channel, approximately around $0.25. This retracement would set the stage for Wave 5, the climactic phase of the Dogecoin bull run, which is projected to propel DOGE above the $1 mark, coinciding with the upper resistance line of the channel. The chart carefully marks critical Fibonacci extension levels which are drawn from the beginning to the peak of the last bull run. that are expected to play pivotal roles in determining future price points during this bull run. The first notable Fibonacci extension at 2.618 is positioned at approximately $0.14591, serving as an intermediate station within the bull cycle. The 3.618 extension at $0.68835 serves as an intermediary target for the final fifth wave. The Volume Profile Visible Range (VPVR) on the chart reveals that the current price zone has a high concentration of traded volume, suggesting it acts as a robust foundation for the current price level. The absence of significant volume above this area hints at minimal resistance, which could allow for an accelerated price climb once Dogecoin breaks above existing resistance levels. Technical indicators such as the weekly Stochastic RSI and the weekly Relative Strength Index (RSI) support an imminent bullish phase. The Stochastic RSI is in the oversold region, indicating potential for a price recovery. Meanwhile, the RSI’s upward trend with higher lows suggests growing bullish momentum. At press time, DOGE traded at $0.1247. Featured image created with DALL·E, chart from TradingView.com

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Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase

In a recent technical analysis by popular crypto analyst Big Mike (@Michael_EWpro), the likelihood of a substantial rise in Dogecoin (DOGE) has been spotlighted. Employing a blend of Elliott Wave theory, Fibonacci retracement levels, and crucial indicators such as the RSI and MACD, the analysis presents a bullish scenario that could greatly influence Dogecoins market [...]

The post Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase appeared first on Crypto Breaking News.

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Dogecoin Breaks Out of Diamond Bottom Pattern: Heres How High DOGE Can Go

Analyst Trader Tardigrade identifies a Diamond Bottom on the Dogecoin daily chart, highlighting a confirmed breakout and bullish reversal setup.Notably, Dogecoin has surged past a key psychological level, trading at $0.2041 as of May 9, 2025. The move comes alongside a 24-hour gain of 11.7% and a seven-day increase of 13.2%. Trading volume also crossed $2.9 billion within the same period, reflecting heightened market interest. While this price action is notable, the focus now turns to technical and on-chain indicators signaling the potential for sustained upward movement.Dogecoin Diamond Bottom Breakout Tardigrade identified a Diamond Bottom pattern in the daily timeframe, a classic bullish reversal formation. This pattern followed a prolonged downtrend from Januarys $0.40 high to an April low near $0.13. As the pattern developed, price volatility expanded before narrowing, forming the diamond-shaped structure.The diamonds upper trendline had resisted price advances on several occasions. However, Dogecoin recently broke above this boundary, signaling a potential trend reversal. Tardigrades chart marked the breakout area. Now, the analyst is targeting $0.29 next for DOGE, implying a 45% increase from the $0.20 mark.https://twitter.com/TATrader_Alan/status/1920403623923835298Adding to The Bullish SetupOn a separate 12-hour chart, analyst Javon Marks identified a falling wedge stretching from a $0.48 high in late 2024 to a narrowing range between $0.14 and $0.16. Dogecoin has now moved beyond the wedges upper boundary, which typically suggests a bullish breakout.Further supporting this view, Marks chart featured a curved trajectory pointing toward $0.30. This short-term projection complements a longer-term technical target at $0.65. Achieving this level would represent a 225% move from the current price. Moreover, the Relative Strength Index (RSI) showed higher lows between February and April even as the price declined. This positive divergence indicates weakening bearish pressure, reinforcing the strength of the recent breakout.On-Chain Metrics Show Strong Network GrowthOn-chain data from IntoTheBlock also supports the technical patterns, revealing substantial increases in Dogecoin network activity. The latest 7-day data highlights a 102.40% rise in new addresses, suggesting a sharp influx of new participants. Dogecoin Daily Active AddressesDogecoin Daily Active AddressesSimultaneously, active addresses increased by 111.32%, pointing to elevated usage across the network. Additionally, the number of zero-balance addresses climbed by 155.54%, reflecting a surge in wallet creation or activity.

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Analyst Says Dogecoin Not Ready for Big Price Growth Yet, Targets Dip to $0.07478

TradingView analyst Farid Saremi sees medium-term weakness in Dogecoin and does not anticipate any significant growth soon.Dogecoin's recent price action reflects a shift in sentiment, as the asset has fallen from early May highs. After briefly touching levels above $0.18 at the start of the month, the coin reversed course, dipping below the $0.175 support line by May 3.The decline continued into May 6, with the price reaching a local low just above $0.165. As of press time, Dogecoin is trading near $0.1734, showing a minor 3% recovery over the past 24 hours.However, this rebound has done little to resolve the growing uncertainty around its broader trend. As analysts assess the coins macro positioning, conflicting interpretations have emerged.Macro Resistance Anchors Farid Saremi, a TradingView analyst, has focused on a 3-hour DOGE/USDT chart to identify macro-level patterns. His assessment centers on equilibrium zones anchored to two significant resistance pointsDecember 2024 and January 2025. In December, Dogecoin reached just under $0.50, while in January it peaked lower, near $0.43.Dogecoin Price Prediction Dogecoin Price ChartAfter these highs, the price declined to hover below a consolidation band between $0.18 and $0.21. This range now represents the main equilibrium zone. Notably, the price has slipped beneath this area, signaling diminished strength.The chart interprets the drop below this zone as a breakdown, implying that buyers failed to maintain the balance. According to Saremi, Dogecoin is not ready for major growth in the medium term, and price action is expected to gravitate toward the middle zone.Structural Supports at Lower Levels for DogecoinFollowing the loss of the main equilibrium zone, Saremi identifies two additional levels to watch. The first is located at $0.10894, which corresponds to price consolidation from January 2025. This area acts as intermediate support and may become the new balance zone if the price continues downward. Further below, a deeper structural level near $0.07478 represents the final downside target. This level is based on historical price clustering from the OctoberNovember 2024 period.Saremi emphasizes that external factors, such as actions by large holders or market news, may affect timing, but these variables will not invalidate the projected levels. He states, "We may be delayed in reaching the target, but the targets will be touched."Contrasting Bullish SignalsIn contrast, Trader Tardigrade analyzes Dogecoins performance against the total crypto market using a 3-day DOGE/Total chart. https://twitter.com/TATrader_Alan/status/1920041933277479311His analysis identifies a recurring pattern of falling wedges. The first wedge formed during mid-2024 and resolved in a sharp breakout, driving Dogecoin from around $0.10 to $0.46a 300% surge. After the rally, the asset entered a correction phase, forming another wedge from February to May 2025.This second wedge mirrors the structure of the previous one, with narrowing price ranges and compressing volume. The analyst highlights this tightening pattern as a sign of accumulation and potential breakout. He notes the technical similarity between the two wedges, implying that the current structure may precede another major move. If the 300% rise were to repeat, Dogecoin could reach $0.6936 based on its current value.

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Heres Dogecoin Price if DOGE Market Cap Hits $500B, $1T, or $2T

The recent price surge in Dogecoin has reignited investors hopes about its potential rally to valuations like $500 billion, $1 trillion, or $2 trillion. Data from CoinMarketCap shows that Dogecoin's price has soared 3.47% in the past 24 hours, pushing the asset above the $0.17 mark. At the current price of $0.1735, DOGE is up 5.53% from its daily low of $0.1736. As expected, Dogecoins renewed rally has reignited investors optimism in the premier meme coins potential. Consequently, some users speculate that Dogecoin could soar to ambitious market caps like $500 billion, $1 trillion, or $2 trillion someday. Based on these projections, The Crypto Basic estimated how much 1 DOGE would be worth if any of these forecasts come to fruition. Growth Required for DOGE to Hit $500B, $1T, or $2T Valuations With DOGE currently trading at $0.1735 per token, its market cap is $25.89 billion. This makes Dogecoin the eighth-biggest cryptocurrency by market capitalization. Notably, DOGE has not reached any of the projected market caps$500 billion, $1 trillion, or $2 trillionin its lifetime. It registered its peak valuation of around $88 billion on May 8, 2021, when its price reached an ATH of $0.7376. Since then, Dogecoin has failed to revisit the level or attain the $100 billion mark as forecasted by Jake Gagain. Hitting the $500 billion market cap from the current level of $25.89 billion demands a surge of 1,831%. Similarly, Dogecoins valuation must grow 3,762% or 7,625% to clinch the $1 trillion or $2 trillion valuations.   DOGEs Price at $500B, $1T, or $1T Market Caps Notably, the $500 billion valuation translates to a price of $3.35. Similarly, the $1 trillion or $2 trillion valuation would see each DOGE token trade at $6.7 or $13.4, assuming Dogecoins supply remains constant at 149.16 billion. If DOGE's price increases to $3.35, $6.7, or $13.4, a portfolio of 100,000 Dogecoins would be valued at $335,000, $670,000, or $1.34 million. It is worth mentioning that these 100,000 DOGE tokens are currently worth $17,350 today. When Can DOGE Reach $3.35, $6.7, or $13.4 According to Changelly analysts, Dogecoin could reach the $3.36 target by October 2033. They expect it to climb further to about $6.7 between 2035 and 2039 and finally clinch the ambitious mark of $13.4 by early 2040. On the other hand, Telegaon provided closer timelines for these targets to become a reality. Telegaon prediction platform forecasts that Dogecoin will rise to the $3.35 mark by 2027, six years earlier than Changellys timeline. The prediction platform expects Dogecoin to reach the $6.7 milestone the following year, and eventually hit the $13.4 target by 2030, five years from today. Although these milestones seem ambitious, they illustrate the scale of appreciation enthusiasts expect Dogecoin to reach if DOGE maintains its recent momentum, accompanied by strong retail and institutional demand.

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Best 100x Crypto: BTFD Coin, Dogecoin, and Bonk Latest Insights and Updates

Explore the best 100x crypto with BTFD Coins referral rewards, Dogecoins $1 target, and Bonks growing volume in todays meme coin market.

The post Best 100x Crypto: BTFD Coin, Dogecoin, and Bonk Latest Insights and Updates appeared first on Kanalcoin.

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Heres How High Dogecoin Could Go if Bitcoin Hits $2.4M as Predicted by Ark Invest

Dogecoin price could hit an unprecedented level if it proportionally mirrors the Bitcoin rally to the $2.4 million target set by Ark Invest. As Bitcoin continues to capture the attention of institutions, states, and nations, some bulls envision the firstborn crypto soaring to eye-popping targets. Ark Invest Envisions Bitcoin Hitting $2.4M By 2030 Leading asset manager Ark Invest recently shared this sentiment, predicting that the premier asset could clinch a bullish target of $2.4 million by 2030. This suggests that Ark Invest expects the $2.4 million target to materialize in the next five years. According to Ark Invest, Bitcoins surge to the $2.4 million target would be driven by nation-state adoption of BTC as a treasury asset, growing investment in spot Bitcoin ETFs, and the assets store of value utility. Notably, reaching the $2.4 million target demands a surge of 2,439% from the current price of $94,521. This projected price would propel Bitcoins market cap to $48 trillion, assuming there are 20 million BTC in circulation. Dogecoin Correlation with Bitcoin Such an increase could positively impact the performance of the broader crypto market. Specifically, assets like Dogecoin (DOGE), which have a high correlation with Bitcoin, could benefit immensely from BTCs rally to the $2.4 million target. According to data from IntoTheBlock, Dogecoins correlation with Bitcoins price action in the past 30 days stands at 97%. Similarly, the correlation matrix in the past two months is at 65%. Dogecoin correlation with BitcoinDogecoin correlation with BitcoinThe data show that Bitcoins price movement has strongly influenced Dogecoins performance in the past few weeks. Price of Dogecoin if Bitcoin Hits $2.4M Should this trend continue, Dogecoin might experience a monumental surge if Bitcoin surges 2,439% to $2.4 million. For context, Dogecoin trades at $0.1744 per token in the hours leading up to press time. This represents a slight increase of 0.36% in the past 24 hours. Like Bitcoin, Dogecoins price has slumped by 2.27% in seven days. Dogecoin's market valuation is $26.02 billion, making it the eighth most prominent cryptocurrency. If Dogecoin continues to follow Bitcoins price movement and the premier crypto soars 2,439% to $2.4 million, DOGE could similarly set a new ATH record. Specifically, if DOGEs price grows by 2,439%, it will hit a target of $4.428. Therefore, if Bitcoin hits a target of $2.4 million, as projected by Ark Invest, Dogecoins price could soar to around $4.428. This estimate assumes that Dogecoins supply remains constant at 149.13 billion tokens.Dogecoin to $4 Forecast Interestingly, several crypto analysts, including lead Dogecoin analyst Kevin, believe DOGEs potential surge to the $4 target is imminent. In December 2024, Kevin suggested that it is highly likely that Dogecoin could set a new ATH of $4 by the end of this year.  Three months later, Kevin indicated that Dogecoin was mirroring its performance in the 2020/2021 cycle. The expert asserted that if the trend continues, Dogecoin could embark on its next leg toward the $4 territory. In addition, popular crypto analyst Alan issued a bullish prediction for Dogecoin, pointing to a potential surge to $4. Alan's prediction was based on the Fibonacci 1.618 Extension level. Essentially, there is a likelihood that Dogecoin might surpass the $4.42 target even when it closely mirrors Bitcoins price movement toward Ark Invests $2.4 million target. This speculation is due to Dogecoin historically outperforming Bitcoin during a bull run. Meanwhile, Changelly experts are less optimistic about Dogecoin's trajectory. The trading platform predicts that Dogecoin will clinch the $4 target by 2034 and eventually soar to the $4.45 level by May 2034.

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Dogecoin Weekly Overview and Current Price Trends

Dogecoin (DOGE) showed notable volatility over the past week, starting with a dip around April 30, followed by a sharp recovery that peaked above $0.180 on May 1. However, the rally was short-lived, as selling pressure quickly set in, leading DOGE into a steady downtrend over the following days. By May 4, DOGE had retreated […]

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Heres How High Shiba Inu Could Rise if Elon Musk Starts Promoting SHIB Like Dogecoin

Shiba Inu could cancel two zeros if Elon Musk promotes it like Dogecoin, based on historical data on DOGE performance.Shiba Inu and Dogecoin have a rich history of extraordinary price surges due to various factors that supported their movement. Meanwhile, some consider Shiba Inu the best-performing crypto asset of 2020/2021, as it experienced an astounding 150,000,000% price increase.Dogecoin also saw fantastic price movement during that cycle. Notably, its performance was mainly attributed to its historic endorsement from Elon Musk at the time. Unlike DOGE, Shiba Inu's impressive growth was primarily due to community support and market hype.With Dogecoin having benefited from the support of the richest man in the world, questions now arise as to how SHIB might perform if it received similar promotion from Elon Musk as DOGE did.Dogecoin Historic Price Movements Amid Elon Musk's PromotionElon Musk first mentioned "DOGE" in a tweet on July 18, 2020. It was in response to a follower's query about Bitcoin, to which Musk replied, "I only sell DOGE." On that day, Dogecoin was trading at $0.003031 and surged 24% to $0.003753 the next day following the mention. At the time, Shiba Inu had not yet been created.DOGE later dipped to $0.002400 in the following months. However, Musk mentioned DOGE again in a tweet on November 17, 2020. Dogecoins price rose from $0.002886 that day to $0.003800 before the end of the month. The surge continued into the following month, with DOGE breaking past the $0.0040 level.On December 20, 2020, Musk made a more pronounced statement by tweeting, One word: DOGE, in a standalone post, not as a reply. This tweet had a greater impact, pushing Dogecoin from $0.0038 to $0.0054 the next day, a 55.4% gain in a single day. From that point forward, Dogecoin experienced a consistent uptrend, reaching the $0.01 region in January 2021 as the crypto community increasingly took notice of Elons promotion.A more significant boost occurred on February 4, 2021, when Musk posted an image depicting a moonshot with the caption DOGE. This marked the beginning of Dogecoins historic rally. Musks promotion of DOGE intensified that month with multiple tweets.Elon Musk Dogecoin mentioning DogecoinElon Musk mentions DogecoinDOGE Gained 24,235% Amid Musk's SupportDogecoin surged from $0.0311 in February 2021 to an all-time high of $0.7376 by May that year, a 2,271% increase in just three months. Notably, the Tesla Shop began accepting DOGE as payment during this period.Considering DOGE's price of $0.003031 at the time of Musks first mention to its peak, it experienced a staggering 24,235% increase, all within a single year.What if Elon Musk Starts Promoting Shiba Inu Like He Did DOGE?This leads to a speculative question: What if Elon Musk promotes Shiba Inu like he did Dogecoin? While this remains speculative and uncertain, we can estimate the potential outcome if SHIB were to experience comparable growth to DOGEs 24,235%.Applying a 24,235% increase to SHIBs current price of $0.00001322 would result in a price of approximately $0.003217. This effectively eliminates two zeros for SHIB's price, just as Dogecoin did due to Musks influence.However, the idea of Musk promoting SHIB is purely speculative and unlikely. Musk has shown a stronger preference for Dogecoin over other crypto assets.Moreover, Shiba Inu may have indirectly benefited from Musks promotion of DOGE in 2020/2021. While Dogecoin soared from July 2020 to May 2021, Shiba Inu also saw significant growth starting in January 2021. SHIB's momentum extended until October 2021, when it reached its peak of $0.00008845. Considering its low-to-peak performance that season, SHIB arguably even outperformed DOGE during that period.

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Analyst Says Dogecoins Momentum Strong Above $0.175, Targets Higher Levels

Dogecoin is showing signs of renewed energy as it maintains a solid position above $0.17500, attracting attention across the crypto world. BitGuru, a respected crypto analyst, highlighted that DOGE recently rebounded from $0.13009 and now displays a textbook cup-shaped pattern on the 4-hour chart, often seen as a bullish indicator.  Earlier in April, Dogecoin endured […]

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Top Analyst Shares Dogecoin Road to $10, Calls Holders Absolute Legends

A recent Dogecoin chart by analyst "Steph is Crypto" highlights that DOGE continues to hold a rising trendline, with the latest bounce indicating renewed bullish momentum.Dogecoin's recent price action reflects resilience despite a brief bearish dip. After dropping from a high of $0.19 to a low of $0.16 earlier this week, the coin swiftly rebounded to around $0.185, signaling renewed buying interest at lower levels.Analysts have since identified multiple structural price levels that continue to guide Dogecoins trajectory across various timeframes.Dogecoin Road to $10For instance, a chart from Steph highlighted a significant long-term rising support line, labeled the Legendary trend-line. This trendline connects three major price lows over several years. It started in early 2020 above $0.001, followed by a touchpoint above $0.06 in 2024, and most recently at approximately $0.13 in 2025. At each of these levels, the price bounced, suggesting consistent defense of this trendline.The support level around $0.13 marked the most recent contact with the trendline, which preceded the latest price recovery. Notably, Dogecoin has not breached this line during any of the recent market cycles. According to the same chart, the formation indicates the potential for a long-term rally, with a speculative price target of $10. This would represent a 5,440% increase from the current price level. According to Step, those still holding DOGE are "absolute legend."https://twitter.com/Steph_iscrypto/status/1917890742271279334A More Conservative OutlookOn a separate note, chart data from Trader Tardigrade focuses on daily timeframe signals, predicting a more conservative outlook. His analysis identifies a recurring pattern where Dogecoin bounces off an ascending trendline, forming higher lows each time.These price structures are often preceded by fake reversals ahead of the main breakouts. Specifically, in September of the previous year and April 2025, DOGE followed this bounce-and-breakout pattern. Each event aligned with a rounded bottom in the RSI curve. Historically, such RSI patterns have led to strong rallies, especially when curving upward past the 50 mark. The analyst's chart sets an intermediate target at $1, contingent on the current bullish setup holding.Historical Pullback Behavior and Structural ConsistencyIn yet another chart update, Trader Tardigrade examined Dogecoins price action over a 3-day timeframe, identifying a consistent pattern of prior swing highs serving as future support. In late 2023, DOGE broke past the $0.098 resistance, then tested and held that level as support in early 2024. A similar pattern occurred when a July 2024 swing high of $0.145 was revisited and confirmed as support in April 2025.Furthermore, the February 2025 high of $0.29 marked another key reference point before the price corrected. The return to the $0.145 support in April maintained the structural integrity seen in past cycles. Following this pullback, the next resistance has been projected above $0.23, with the potential to reach $0.80, a level that would surpass Dogecoins previous all-time high of $0.73.

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Analyst on Dogecoin: No Way Id Skip This Trade Chart Signals a Run to $0.45

A top market analyst has lauded the exceptional bullishness in the Dogecoin chart, predicting a quick twofold price rally.Dogecoin may be correcting like the rest of the crypto market following last weeks rise, but this prominent market watcher is looking beyond the short-term price retracement. Specifically, Jake Wujastyk has predicted that the largest meme coin by market cap is up for a dazzling upward trend, as the chart looks nicely set up.The analysis precedes Dogecoins wrong-footed start to the week. The community-driven token has dumped 7% today alone, nearly relinquishing all of its gains on the last day of the previous week.No Way You Wont Take a Dogecoin Trade: AnalystIn his Sunday commentary, Wujastyk highlighted a tempting Dogecoin chart. DOGE had just rallied 8% on the day, pushing prices close to the top of a developing descending triangle.The pattern started emerging from Dogecoins rally to $0.26 on May 11, with prices fluctuating between the upper resistance and lower support. Meanwhile, with the structure getting tighter, the analyst suggested that a breakout could be imminent.According to him, there is no way one wouldnt take a Dogecoin trade with the bullish price development. While prices have retraced slightly today, the asset still trends within the wedge, confirming the validity of the commentary.Meanwhile, from here, Wujastyk predicted a sustained upward trajectory to higher prices. Precisely, he projected a breakout from the wedge, with an easy twofold rally to $0.45, which is about 114% away from the current prices, on the cards.Dogecoin Analysis/WujastykPossible Timeline for Rally to Above $0.40Furthermore, analyst Bitcoinsensus shares a bullish outlook and target similar to Wujastyk on Dogecoin. He stated that DOGE is on the cusp of a breakout to above 40 cents and cited a breakout to support his claims.An accompanying elaborate chart shows that Dogecoin formed an inverse head-and-shoulders pattern dating back to March. The left shoulder formed from March 11s low of $0.14, the head from April 7s low of $0.13, and the right shoulder from $0.16 on May 6.Dogecoin Imminent Breakout/BitcoinsensusMoreover, the breakout from the bullish structure propelled prices to a multi-month resistance trendline, which has impeded Dogecoins price since its high of $0.48 on December 8. While prices have healthily retraced from the supply zone, Bitcoinsensus predicts that bullishness from the H&S pattern and broader market momentum would spur a breakout, specifically in the next seven days.With the outburst, the market watcher expects a rally to between $0.42 and $0.43, where the next supply zone lies. From the current price of $0.21, the rally will culminate in a 100% and 104% uptick.Remarkably, Dogecoin price predictions are higher. For one, analyst Javon Marks predicted a price swell to $0.65. In addition, market watcher Chris called for a higher target of $1 by September 2025. Nonetheless, analyst Ali Martinez has identified the resistance at $0.26 as a near-term barrier to higher prices.

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Dogecoin Falls 6% as Long Liquidations Cross $12 Million: Is $0.2060 Next?

Dogecoin drops to $0.2168 amid a 6.74% pullback. With futures liquidations up 12.53% and open interest falling, the bullish pattern is at risk of breaking down.As the crypto market undergoes a pullback, meme coins struggle to hold above key support levels. Dogecoin is down 6.74%, testing its 200-day EMA at $0.2168. Will the increasing supply pressure undermine Dogecoins short-term bullish pattern?Dogecoin Price AnalysisOn the daily chart, Dogecoins price action remains in a broader downtrend, with a strong descending resistance trendline in place. This trendline reflects the lower-high formation that has persisted since December 2024.Dogecoin Price ChartHowever, short-term consolidation below the 50% Fibonacci level at $0.2566 has formed an inverted head-and-shoulders pattern. The neckline of this bullish pattern coincides with the 50% Fibonacci level, the $0.25 supply zone, and the descending trendline.Currently, Dogecoin is testing the 200-day EMA at $0.2168, falling below the 38.20% Fibonacci retracement level at $0.2227. Despite the intraday decline, the price remains within the potential right-shoulder phase of the bullish pattern.A breakdown below the 100-day EMA at $0.2060 would invalidate the bullish setup and increase the downside risk toward $0.1869, which is aligned with the 23.60% Fibonacci level.On the bullish side, a breakout above the neckline could lead to a 95% rally in Dogecoin, targeting the $0.50 mark.Dogecoin Futures Turn Bleak as Long Liquidations Cross $12 MillionAmid the drop in spot prices, Dogecoin futures have taken a significant hit. Over the past 24 hours, open interest has declined by 1.55%, falling to $2.64 billion. Additionally, long liquidations hit $12.53 million in the same period.The drop in open interest alongside rising long liquidations signals growing bearish dominance in Dogecoin futures.DOGECurrently, the long-to-short ratio stands at 0.9612 over the past 24 hours, reflecting slight bearish sentiment. Moreover, the open interest-weighted funding rate has dropped to 0.0014% from a recent peak of 0.0097%, highlighting a sharp decline in bullish intent to hold long positions.Altogether, derivatives data indicate the potential for a steeper correction in Dogecoin if market volatility persists.

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Analyst Insists Dogecoin Could See a 174% Climb to Its First Target of $0.6533

Analyst Javon Marks maintained his bullish outlook on Dogecoin, citing a confirmed breakout and a sustained bullish price structure.Dogecoin has experienced notable pressure in recent days after pumping hard in the past weeks. Its price has now dipped from $0.25 to $0.21. The token has made modest recovery attempts, including a brief move above $0.23 around May 1718. However, as of today, DOGE is trading at the $0.21 range, with a massive 12% weekly loss. While this short-term volatility has drawn attention, analysts remain focused on long-term technical developments that may suggest broader market shifts.Dogecoin to $0.6533?For instance, analyst Javon Marks has reiterated his April 22 target for Dogecoin, based on a multi-year trend reversal. According to a previous chart shared by Javon Marks, Dogecoin completed a breakout above a multi-year descending resistance in late 2023. This trendline had been intact since the meme coins peak near $0.70. The breakout followed a prolonged pattern of lower highs and lower lows, signaling a structural change. Since then, Dogecoin has maintained a series of higher highs and higher lows, often considered a key bullish indicator.Supporting this view, a recent retracement found support at approximately $0.16, forming a new higher low. This development adds weight to the emerging bullish structure. Based on this pattern, Marks has maintained a price projection of $0.6533, representing a 200.79% increase from the current level of $0.2172. The analyst's additional targets include Dogecoin's potential run to its former all-time high of $0.74 and $1.25111.https://twitter.com/JavonTM1/status/1924123229246849126$0.26 Resistance Zone Remains a Technical BarrierMeanwhile, market analyst Ali Martinez emphasized the significance of the $0.25 to $0.26 resistance area on the 3-day timeframe. Since late 2024, this zone has repeatedly acted as a ceiling for Dogecoins price action. After serving as support in December 2024, the region flipped into resistance in early 2025. Since then, Dogecoin has failed multiple breakout attempts.In February 2025, the price touched $0.28 but quickly reversed below $0.15. Another push in March saw the price exceed $0.19, yet it again fell short of breaking through. The most recent test in May 2025 saw DOGE hit $0.24, only to close at $0.2276, underscoring continued selling pressure. According to Martinez, a sustained move above this zone would be significant, though he urged caution and preparation before such a breakout occurs.Renewed Network EngagementWhile technical resistance remains, on-chain data from IntoTheBlock indicates increasing activity on the Dogecoin network. Key usage metrics have surged over the past seven days, suggesting heightened user engagement. New addresses rose by 102.40%, while active addresses increased by 111.32%. Dogecoin Daily Active AddressesDogecoin Daily Active AddressesAdditionally, zero balance addresses, often seen as indicators of network turnover or recent activity, climbed by 155.38%.This rise in activity comes amid the broader market rally, indicating that Dogecoins user base is becoming active again amid recent improvements.

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Dogecoin Chart Looks Perfect: Analyst Targets $1.10$1.25 Zone

Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his latest video update, describing the meme-turned-macro assets current structure as one of the most compelling setups across the entire altcoin market. Dogecoin has one of the nicest charts, if not the nicest altcoin chart in all of altcoins, Kevin said. Next to XRP and ETH, Dogecoin got a beautiful chart. Dogecoins Pattern Mirrors Last Bull Run In a wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, Kevin dedicated a significant section of his analysis to Dogecoin, highlighting an emerging pattern of higher lows, clean breakouts, and bullish divergences that mirror previous accumulation phases. According to him, Dogecoin is displaying what he called perfect price structurea rare quality among altcoins. You get this bottom, you get the double bottom, you get the bullish divergence. Bang, he said while showcasing recent price action and comparing it to prior cycles. Then againyou get the bottom, the double bottom, the bullish divergence. Bang. This is literally the same thing all over again. Related Reading: Dogecoin Hits Critical ZoneHeres What 3 Leading Analysts Are Watching Kevins view is built on strong historical confluence and Fibonacci retracement zones. He noted that Dogecoin’s last major bull cycle saw the token top out at precisely the 1.618 to 1.703 Fibonacci extension range. By replicating the same fib structure from the most recent bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a real deal price target rather than clickbait. Could $1.10 to $1.25 be the next target for Doge? he asked. I think if we can replicate a move like we did back in Novemberwhich we can, and if anything, we can do way betterthen absolutely. Thats the zone Im watching. He further emphasized that the golden pocket and the 1.703 fib extension mark a crucial resistance area, just as they did in Dogecoins previous cycle. Remember this, Kevin said. You run your fibboomDogecoin tops out right at the golden pocket and the 1.703 fib. Were seeing the same thing lineup here. Zooming out, Kevin placed Dogecoins strength in the broader context of a shifting crypto macro environment. Bitcoin dominance, he noted, is dropping sharply from the macro 0.786 Fibonacci levela move that typically allows altcoins like Dogecoin to catch a stronger bid. We are seeing exactly what we said would happen. That is: altcoins catching a bid. A really nice bid, he remarked. Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup The bullish sentiment extends beyond Dogecoin. Kevin noted that macroeconomic data is supportive, with declining inflation, rising GDP, strong labor markets, and easing tariff fears contributing to renewed confidence across financial markets. Everything seems to be lining up at the exact right time, he said. Weve got the macro on our side, weve got the technicals on our side, and now even Dogecoin is flashing green. Still, he added a caveat of caution. In the short term, just be a little cautious until we break the resistance we need to break, Kevin said, referencing the broader crypto markets proximity to key Fibonacci and moving average thresholds. Treat resistance as resistanceuntil its not. Nonetheless, Kevin concluded that Dogecoins current setup is as strong as its been in years. This is just perfect, perfect price structure, he reiterated. When the market gets going, I think this thing’s going to perform massively. His final message: if history rhymes, Dogecoin could be poised for a powerful move to surpass the psychological $1 mark. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com

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Dogecoin Open Interest Surges to $1.62B Despite Price Drop: Heres Whats Happening

Dogecoin open interest in the futures market sees a considerable spike despite price pullback, signaling strong speculative demand amid cooling momentum.Dogecoin (DOGE) recently experienced significant price momentum, rising sharply from around $0.16 on May 6 to just over $0.24 by May 11. Despite a minor pullback settling between $0.22 and $0.23, the crypto maintained an overall upward trend characterized by higher highs and higher lows. Notably, amid this price activity, futures markets show signs of an increase in speculative interest.Divergence Between Price and Dogecoin Open InterestGlassnode, an on-chain and financial insight provider, recently highlighted a divergence occurring between Dogecoin's spot price and futures interest. Typically, spot price movements align closely with speculative activity in futures markets, but the current situation differs. While Dogecoins price retraced from its peak near $0.25, speculative interest, as indicated by futures open interest, appears to have surged significantly.In earlier months, from mid-February to early March, Dogecoin experienced a brief rally above $0.23, accompanied by increased futures activity. However, as DOGEs price began to decline in subsequent weeks, futures open interest mirrored this downturn, eventually bottoming below $900 million by April. This correlation showed traders' cautious stance during declining or uncertain market conditions.The dynamics have shifted dramatically from late April when Dogecoin's price surged from around $0.15 to nearly $0.25 by early May then cooled down at the $0.22 level. Importantly, Dogecoin open interest has continued to increase, from $989 million to $1.62 billion this week, even after the price pulled back. Glassnode says this indicates persistent speculative positioning, a setup the analytic platform believes is worth monitoring.Notably, this rise in speculative activity can lead to heightened volatility. If bearish sentiment dominates, it may pressure the price lower. However, if too many traders are short, a short squeeze could trigger a sharp rebound. Long term, persistent speculation without fundamental growth may undermine price stability and investor confidence.Positive Funding Rates Indicate Bullish SentimentMeanwhile, the funding rate history for Dogecoin from Coinglass demonstrates a positive trend across major cryptocurrency exchanges as of May 13, 2025. Exchanges such as Bitmex, HTX, Gate.io, and Bitget reported funding rates at 0.0100%. Dogecoin Funding Rate HistoryDogecoin Funding Rate HistoryBinance and OKX also registered positive but slightly lower funding rates of 0.0036% and 0.0034%, respectively. Positive funding rates indicate that futures traders predominantly hold long positions, reflecting a bullish market outlook.Analysts Identify Critical Support LevelsAmid these positive futures market metrics, analysts on the social platforms are also bullish. Market analyst Rekt Capital noted a significant development in Dogecoin's weekly price action. Dogecoin achieved a weekly close above its pre-halving resistance level, marking a critical shift on its price chart. Previously acting as a resistance ceiling, this level has transitioned into a potential support zone following recent price activity.Rekt Capital emphasized this shift as a key technical pattern indicating ongoing bullish control. Currently, Dogecoin is undergoing a retest of this newly established support zone around $0.22. According to the analyst, successfully holding this support could set the stage for DOGE to target at least $0.27 as the next significant price level.

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Dogecoin Analysis: Will DOGE Retest $0.20 After 4% Pullback?

Dogecoin drops 4% to $0.2222 as Bitcoin retraces. Will DOGE revisit the $0.20 level amid a Double Top breakdown?As Bitcoin pulls back toward the $102,000 mark, meme coins are experiencing a sharp correction. Dogecoin has dropped nearly 4% today.Currently trading at $0.2222, Dogecoin marks its third consecutive red day following a 35% rally last week. Will this short-term pullback push DOGE to retest the $0.20 psychological level?Dogecoin Price Analysis Signals $0.20 Retest in Short-termAfter a significant surge to the $0.25 psychological resistance, Dogecoin entered a sideways phase. However, the loss of momentum during consolidation has led to the formation of a bearish Double Top pattern.Dogecoin price chartThe neckline of the pattern, located at $0.2225, previously acted as a support and triggered a bounce on May 11. However, with the recent intraday decline, DOGE has now confirmed a breakdown below the neckline with a decisive four-hour close at $0.2185.A minor recovery of 1.56% appears to be retesting the breakdown point. Based on the Double Top pattern, a further decline could test the $0.20 psychological support level. This also raises the risk of a breakdown below the 50-EMA, which currently sits at $0.2091.Additionally, the four-hour RSI has dropped from the overbought region to the midline during the consolidation and breakdown phase. This indicates fading momentum, increasing the likelihood of a deeper correction.If buyers fail to hold the $0.20 support, DOGE may decline further to test the 200-EMA near the $0.18 psychological level. On the other hand, a decisive four-hour close above $0.2225 would invalidate the bearish pattern and could propel DOGE toward the $0.2506 level, increasing the likelihood of a breakout.Downfall in DOGE Fuels Long LiquidationsAmid the broader market retracement, Coinglass data shows long liquidations have exceeded $500 million in the past 24 hours. Dogecoin alone has seen a spike in long liquidations, totaling $3.38 million in the last four hours and $21.72 million over the past 24 hours.This increase in long liquidations signals short-term bearish dominance in the derivatives market.DOGE Total Liquidations ChartAnalysts Predict Extended Rally for DogecoinIn a recent tweet, crypto analyst Ali Martinez highlighted Dogecoins bullish momentum as it approaches a critical resistance zone, ranging from $0.2490 to $0.27. This area previously acted as resistance during the February correction phase.A breakout above this range could drive DOGE toward previous highs near $0.48. However, failure to break out may result in a pullback toward $0.20 or even $0.1550.Despite short-term volatility, crypto analyst Jonathan Carter remains optimistic on Dogecoin. He points to a descending channel breakout on the 3-day chart, which has been forming since November 2024.As this breakout rally gains traction, Carter projects a price target of $0.4450, with intermediate resistances at $0.287 and $0.34.

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Analyst Shares Realistic Dogecoin Targets, Highlighting Critical Support and Resistance Levels

A recent analytical exposition has spotlighted crucial support and resistance levels, sharing realistic targets depending on the Dogecoin price action.Like most other cryptocurrencies, Dogecoin demonstrated sheer strength yesterday. Following a sloppy start to the day spurred by sideways macroeconomic trends, the prominent meme coin rebounded from an earlier plunge to close green at $0.1497.Interestingly, bullish sentiments have escalated with the rebound, with enthusiasts optimistic of a continued northward drive. Nonetheless, a TradingView analysis has dissected Dogecoins chart, providing a detailed price outlook for the meme coin.Commentary Highlights Possible ScenariosMarket watcher MonoCoinSignal confirmed Dogecoins resilience in the Monday analysis. He noted that contrary to market trends, the meme coin has kept its calm in the turbulent condition. The analyst cited DOGEs modest 0.11% increase while the global crypto market dumped by 4.4% as proof of this resilience.Nonetheless, he noted that Dogecoin still has mixed momentum. While whales massive accumulations spark bullish sentiments, the macro headwind emerging from Donald Trumps trade war could still hamper short-term price growth.As a result, he identified possible scenarios that could play out for Dogecoin. The commentary highlighted bullish and bearish cases for the token and realistic price targets ahead, depending on its reaction from the current level.Bullish Case for DogecoinMonnCoinSignal stressed that for a bullish scenario to develop, DOGE must hold its local support at $0.14. Notably, the leading meme coin dropped below the demand wall but quickly rebounded to reclaim higher prices.Dogecoin TargetsDogecoin TargetsFurthermore, the commentary highlighted that if Dogecoin breaks the local resistance at $0.15 with a substantial volume, it could surge to $0.16 in the short term. A sustained trend above $0.16 would make way for further highs, with the analyst pointing to a reclaim of the long-term resistance at $0.20.Meanwhile, another analyst had stressed the importance of the $0.16 level. Market expert Ali Martinez noted that the asset must hold above the level to keep the hopes of a rally to $7 alive.Bear Case for DogecoinNotably, MoonCoinSignal noted realistically that Dogecoin could see lower prices if it fails to break local resistance at $0.16. He identified a breach of the $0.14 price mark as an enabler to lower prices like $0.13 and even global support at $0.08 if selling pressure persists.With DOGE currently trading at $0.1515, it would capitulate a staggering 47% to the $0.08 support, which the commentator marked as its worst-case scenario.Moreover, the commentary stressed that this scenario may likely not play out if whale accumulation continues and the broader market sentiment flips bullish.

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