Dogecoin To $0.15: Analyst Explains What Could Kick Off A Fresh Rally

An analyst has explained how Dogecoin has been forming a Falling Wedge pattern recently, breaking which may kickstart a new bull rally. Dogecoin Has Been Moving Inside A Falling Wedge Recently In a new post on X, analyst Ali Martinez has discussed a pattern that has recently been forming in the 1-day price of Dogecoin. The pattern in question is the “Falling Wedge” from technical analysis (TA), which is a type of Wedge. A Wedge pattern appears when the price of the asset consolidates between two converging trendlines (that is, the lines have different slopes and are angled inwards). Depending on where this consolidation is headed, the pattern is termed as Falling or Rising. Related Reading: Why Has Bitcoin Been Bearish Lately? CryptoQuant Head Chimes In In a Falling Wedge, the upper line of the pattern connects lower highs in the price, while the bottom one connects lower lows. Similarly, a Rising Wedge has the upper line joining together higher highs and the lower one with higher lows. Just like other TA consolidation patterns, the upper line may continue to act as a source of resistance in the near future, while the lower one may provide support. Also, a break out of either of these trendlines can suggest a continuation of pattern in that direction. Wedges specifically are considered to be formations that lead to a reversal, so a break in the direction opposite to that of the Wedge may be considered to be more likely. Dogecoin has recently been showing a Wedge-like consolidation towards the downside in recent months, so the coin may be forming a Falling Wedge pattern. Below is the chart shared by Ali that showcases this formation. As is visible in the graph, the Dogecoin price has recently made an apparent retest of the bottom line of this Falling Wedge pattern and has found support at it. Thus, it’s possible that DOGE may now see a surge towards the upper trendline. Before the coin retests the upper line, though, there is perhaps another important level it has to surpass first: the 0.236 Fibonacci Retracement level. Fibonacci Retracement levels are based on ratios that are found in the famous Fibonacci series. These levels correspond to the percentage of drawdown as measured between two fixed levels. In the current case, Ali has taken the top of the Falling Wedge as the start of these levels (that is, the 100% or 1 mark). Related Reading: Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market? The analyst notes that if Dogecoin can manage a sustained close above the $0.10 level (that is, above the 0.236 Fibonacci Retracement), it may be able to start a rally toward the $0.15 level. From the current price of the memecoin, such a potential run would mean an increase of around 53%. It now remains to be seen how DOGE develops in the coming days and whether it would be able to follow any similar trajectory or not. DOGE Price Dogecoin had fallen under the $0.090 mark a couple of days back, but the asset appears to have rebounded as it has now recovered to $0.098. Featured image from Dall-E, charts from TradingView.com

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PEPE Faces Key Support Test At $0.00000589 Will Bulls Hold The Line?

PEPE is facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question is whether the bulls can step in to defend this level or if PEPE is set for further declines.  This article will analyze PEPE’s recent price action as it nears the critical support level at $0.00000589 by examining key technical indicators and market dynamics. It will explore whether the bulls can mount a defense to prevent further losses or if the bears will drive the token lower, aiming to provide a potential future outlook for the cryptocurrency. With a market capitalization exceeding $2.8 billion and a trading volume surpassing $602 million, PEPE was trading at approximately $0.000006683, reflecting a 6.47% decrease at the time of writing. In the past 24 hours, its market cap has dropped by 6,47%, while trading volume has increased by 74.80%. Current Market Sentiment: Bearish Signals Dominate On the 4-hour chart, although PEPE is attempting to move upward, it has maintained its downward trajectory after successfully breaking below the $0.00000766 level, continuing to trade below the 100-day Simple Moving Average (SMA). The asset is moving closer to the $0.00000589 support level, with negative market sentiment persisting. Also, the Relative Strength Index (RSI) on the 4-hour chart is currently at 31%, indicating that PEPE is in the oversold zone. This level suggests that selling pressure has been strong, potentially hinting at a short-term rebound or consolidation if the bears do not maintain dominance. On the daily chart, PEPE has shown significant bearish momentum since breaking below the $0.00000766 level and trading under the 100-day SMA. While the cryptocurrency is currently attempting an upward move, this rebound could be short-lived due to the prevailing bearish sentiment, which continues to exert pressure on the price. Finally, the RSI signal line on the 1-day chart is currently sitting at 36% as it continues to trend below the 50% threshold, suggesting that PEPE remains under bearish pressure, with the potential for bears to regain control and push the price lower. Whats Next For PEPE: Outlook For The Coming Days The current bearish trend, marked by negative momentum indicators, suggests that the bears could drive the price of PEPE to the $0.00000589 support level. If this support is broken, it could trigger further bearish action, potentially pushing the asset down to the $0.00000398 support level and possibly lower. However, if PEPE bounces back at the $0.00000589 support, it could retrace towards the resistance level at $0.00000766. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001152 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com

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Dogecoin Falls Below Trendline Resistance, Eyes On $0.09149 Breach

Dogecoin (DOGE) finds itself in a challenging position as bearish forces continue to dominate the market. Currently trading below a key descending trendline, DOGE faces mounting pressure that could push the price toward the critical $0.09149 support level. With the bearish trendline acting as a formidable resistance, any failure to hold this support could signal further downside movement. This article aims to provide a comprehensive analysis of Dogecoin’s current negative outlook, highlighting its position under the trendline resistance and the potential implications of a breach below the $0.09149 support level. By examining key technical indicators and market sentiment, the article seeks to offer insights into whether DOGE will continue its downward trajectory or find a reversal. With a market capitalization exceeding $14 billion and a trading volume surpassing $471 million, Dogecoin was trading at approximately $0.9683, reflecting a 1% increase at the time of writing. In the past 24 hours, its market cap has risen by 1.01%, while trading volume has declined by 3.71%. Price Action Analysis: Assessing The Downward Pressure On Dogecoin On the 4-hour chart, Dogecoin, trading below the 100-day Simple Moving Average (SMA), is exhibiting consistent bearish momentum. The cryptocurrency is currently consolidating just above the $0.09149 mark.  Related Reading: Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy? This consolidation near a critical support level suggests that despite brief attempts to recover, selling pressure remains dominant. If DOGE fails to maintain its position above $0.09149, it could trigger an extended decline, potentially pushing the price lower as bears continue to exert control. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) is positioned at 45%, failing to rise above the 50% mark. This failure to gain traction above the midpoint reflects persistent pessimistic momentum, suggesting that downward pressure may continue, as the RSIs position below 50% reinforces the likelihood of further bearish activity in the market. On the daily chart, Dogecoin is still demonstrating notable bearish movement below the 100-day SMA and the trendline. The cryptocurrency is currently approaching the support level at $0.09149, indicating ongoing downward pressure and the potential for more declines if this support fails to hold. Finally, the RSI signal line on the 1-day chart has fallen to 41%, slipping below the 50% threshold, reflecting a shift in momentum that could lead to additional downward movement in DOGE’s price. Potential Scenarios: What Could Happen If DOGE Breaks $0.09149? If Dogecoin breaches the $0.09149 support level, several scenarios could unfold. A successful break below this key support might intensify the downbeat trend, potentially driving DOGE toward the $0.07456 support range. Should this level be breached, the price could further decrease to test the $0.0559 support mark, and possibly explore even lower support zones. Related Reading: Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump? Conversely, if Dogecoin holds above $0.09149 and reverses its decline, it could indicate a bullish turnaround, which might set the stage for a rally toward the trendline resistance. A successful break above this trendline could trigger a significant uptrend, possibly pushing DOGE toward $0.1293 and beyond. Featured image from Unsplash, chart from Tradingview.com

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Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?

Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent.  TD Indicator Flashes Buy Signal For Dogecoin Martinez revealed in an  X (formerly Twitter) post that [...]

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Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet

Arthur Hayes, co-founder and former CEO of the cryptocurrency trading platform BitMEX, has recently made headlines with significant investments in the memecoin sector, particularly through his notable purchase of Pepe (PEPE).  Hayes optimism towards memecoins, expressed in a recent social media post on X (formerly Twitter), has coincided with a significant surge in PEPE’s value, reflecting a broader resurgence in interest within the crypto market. PEPE Price Soars Following Hayes Investment On-chain analytics platform Lookonchain revealed that Hayes invested $250,000 in PEPE by purchasing approximately 24.39 billion tokens on Binance on Friday. This investment comes as PEPE is experiencing a notable upward trajectory, reaching its highest price in nearly three months at $0.0000109.  CoinGecko data shows that the token has recorded impressive gains of 34%, 45%, and 38% over the past week, two weeks, and month, respectively. The recent price movements of PEPE are further supported by a substantial increase in trading volume, which surged by 41% in the last 48 hours to nearly $2.5 billion. Related Reading: DogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming? This uptick in trading activity is indicative of heightened investor interest, likely fueled by a bullish sentiment following the US Federal Reserve’s decision to cut interest rates on September 18, which has provided a favorable environment for various cryptocurrencies, including the memecoin sector. Currently trading at $0.0000107, PEPE is up 17% in the latest trading hours. However, it remains down 37% from its all-time high of $0.0000171 reached in May. Despite this decline, Hayes’s endorsement appears to be a catalyst for continued investor interest. Support For Mog Coin And The Mother Iggy Token Hayes’s involvement in the memecoin space extends beyond PEPE. He has also shown support for two other tokens: Mog Coin (MOG) and the Mother Iggy (MOTHER) token, associated with Australian singer Iggy Azalea and built on the Solana blockchain.  While Lookonchain has not confirmed whether Hayes invested in these tokens as he did with PEPE, his endorsement has already positively impacted MOG’s price, which is currently trading at $0.00000165a gain of over 10% following Hayes’s announcement. MOG has recorded a colossal year-to-date surge of 10,398%, alongside a 5.70% increase in trading volume. Despite these gains, it remains 32% below its peak of $0.0000024 reached in July. Related Reading: Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here? Conversely, the MOTHER token has struggled to maintain momentum, trading down nearly 14% in the past 24 hours. However, it has seen substantial gains of 75% over the last week and 176% in the past two weeks, signaling that it remains an asset of interest despite recent volatility. Overall, Haye’s support for the memecoin sector shows the traction that this part of the market has gained over the past year in particular, outperforming the largest cryptocurrencies on the market by a clear margin. Featured image from DALL-E, chart from TradingView.com

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Aave Price Prediction for Today, September 28 AAVE Technical Analysis

Aave price prediction shows that AAVE continues its rally as the coin spikes higher to touch the resistance level of $172.49. Aave Price Prediction Statistics [...]

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Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the HorizonHeres Why

Veteran commodity trader Peter Brandt recently drew attention to Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, suggesting a potential bullish breakout. Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181. DOGE peaked at $0.2100 in March before entering its descending pattern. Now, signs indicate that DOGE might be breaking free from this downward trend. Brandt emphasized that the longer-term chart for DOGE could be considered “constructive,” supporting his analysis with the encouraging message, Get along little doggie. So far, DOGE has been riding the positive wave seen in the broader crypto market. The asset’s price climbed 8.2% in the past 24 hours, trading at around $0.1235. While this upward trend aligns with the market’s general bullish sentiment, Brandts technical analysis suggests that DOGEs breakout could signal the beginning of a more sustained upward movement. Other Bullish Indicators for DOGE’s Momentum Peter Brandt’s observation is not the only bullish sentiment surrounding Dogecoin. Another prominent crypto analyst, Ali, recently noted that DOGE appears to be showing strength. In an X post uploaded on September 26, Ali pointed out that DOGE has experienced a Relative Strength Index (RSI) and price breakout from multi-month downtrends. Furthermore, the asset has received a buy signal from the SuperTrend indicator. These developments indicate that momentum is potentially shifting toward the meme-based cryptocurrency. Before DOGEs surge above $0.12 today, Ali had set specific conditions for a full-fledged bullish rally for the asset. These conditions included breaking the descending trendline of RSI on the daily chart and pushing past a resistance level of $0.11. #Dogecoin is gearing up for a bullish breakout! Watch for two key signals: First, RSI breaking the descending trendline on the daily chart. And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F Ali (@ali_charts) September 19, 2024 With DOGE successfully achieving both conditions, the analyst’s sentiment has grown increasingly positive about the possibility of an extended rally. Related Reading: Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear? DOGE’s ability to break key technical levels provides a favorable outlook for further price appreciation, indicating that the current rally might not be just a short-term burst. Featured image created with DALL-E, Chart from TradingView

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Dogecoin Could Target $0.20 Soon, Analyst Predicts Is DOGE Primed For A Rally?

Dogecoin is trading above $0.12 after a 20% pump over the past two days, reigniting investor enthusiasm. The meme coin had been struggling to break past the $0.11 mark, leaving investors frustrated as other cryptocurrencies surged.  The recent breakout has lifted sentiment, with Dogecoin now eyeing higher targets. Analysts believe that this momentum could lead to further gains as DOGE successfully clears key resistance levels. Related Reading: XRP Struggles Below $0.60 Metrics Reveal Growing Selling Pressure One prominent analyst has even set a bullish target of $0.20 in the coming weeks, suggesting that Dogecoin could see another significant rally if the broader market remains strong.  The recent breakout could signal the beginning of a more extended uptrend, especially if DOGE can maintain support above $0.12 and continue attracting buying interest. Investors will be keeping a close eye on how Dogecoin performs in the days ahead. Dogecoin Price Rising Fast  Dogecoin is now testing crucial supply levels around $0.125, a price point not seen since late July. As the entire crypto market surged, sentiment shifted rapidly from fear to hope. Investors are now eyeing Dogecoin with renewed optimism, anticipating further gains in the coming weeks. Prominent analyst TraderNJ recently shared a detailed technical analysis on X, highlighting key resistance levels for DOGE at $0.149, $0.178, and $0.208. TraderNJ expressed strong confidence in the meme coins performance, predicting that Dogecoin could hit the $0.20 mark in no time at all. This bullish outlook reflects the high expectations surrounding Dogecoin, as historical patterns show that when meme coins start to rally, they often experience rapid price acceleration. Dogecoins current price action suggests that a breakthrough past $0.125 could open the door for significant upward momentum. The crypto market has shown resilience and a tendency to surprise skeptics, and Dogecoin is no exception. If DOGE manages to break above its immediate resistance levels, it could potentially trigger a fast-paced rally, similar to its historical price movements. Related Reading: Cardano (ADA) Eyes 20% Price Surge Funding Rate Suggests Increasing Demand Traders and investors are closely monitoring Dogecoins performance as it tests these crucial levels. A sustained push above $0.125 would be a positive signal, reinforcing the bullish sentiment and potentially attracting more buying interest. However, the meme coins notorious volatility means that sharp fluctuations could accompany any breakout. As optimism builds, the next few weeks will be critical for determining whether Dogecoin can maintain its momentum and achieve the price targets set by analysts like TraderNJ. DOGE Price Action: Key Levels To Watch Dogecoin (DOGE) is currently trading at $0.124 after two days of impressive gains and renewed market excitement. The meme coin recently closed above the daily 200 exponential moving average (EMA) at $0.117, a critical indicator that it had not surpassed since late July. Reclaiming this level suggests a potential shift in momentum, indicating long-term strength and a more positive outlook for the weeks ahead. However, sustaining this upward trend will require DOGE to maintain its position above the 1D 200 EMA and continue to challenge higher supply levels around $0.14. If the price manages to break through this resistance, it could pave the way for further gains and solidify its bullish trend. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed On the flip side, if Dogecoin fails to hold above the 1D 200 EMA, the bullish scenario could quickly reverse. A retracement to lower demand levels around $0.105 would then be expected, potentially signaling a pause in the recent rally. Investors are watching closely to see if Dogecoin can maintain its momentum or if it will face another pullback, as it has in previous months. The next few days will be crucial for determining the meme coin’s short-term direction. Featured image from Dall-E, chart from TradingView

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Dogecoin Price Predictions: Is DOGE Gearing up for a Massive Rally?

Here are some of the top DOGE price forecasts coming from popular analysts.

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Pendle Foundation, BitMEX Co-Founder Moving PENDLE To BinanceWhats Going On?

PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024. Whales Sending Tokens To Binance As prices cool off, there are emerging concerns. According [...]

The post Pendle Foundation, BitMEX Co-Founder Moving PENDLE To BinanceWhats Going On? appeared first on Crypto Breaking News.

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Crypto Price Analysis September-27: ETH, XRP, ADA, SHIB, and DOGE

This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum closed another good week with a 4% price increase. Buyers remain interested and managed to push the price above $2,600. The current target is $2,800, which will also act as key resistance. Momentum slowly turned bullish in September, […]

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Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?

After a long stretch of muted price action, Dogecoin has finally entered a position where it could be gearing up for a surge. With major developments such as an increase in participation from both small and large investors, as well as indicators turning bullish, the DOGE price looks primed for a major recovery. However, there could be a small roadblock for the meme coin when it comes to achieving this uptrend as one analyst has pointed out the possibility of a further crash from here. A Crash Or A Surge For DOGE? Crypto analyst Ali Martinez has presented a forecast for the Dogecoin price with mixed signals for the future. The analysis focuses on both the bullish and bearish possibilities for the meme coin as it continues to trade in a trading range. Both of these scenarios are possible, with the Stochastic RSI may win out this time. Related Reading: Shiba Inu On The Edge Of Historic Run As Investors Accumulate 770 Billion SHIB According to the analysis, the Stochastic RSI has made a bearish crossover for the Dogecoin price. This bearish crossover suggests that there is a price crash coming for the altcoin. In this case, the DOGE price could be falling below $0.1 again. Not only this, but Dogecoin may lose around 15% of its value if this bearish scenario were to play out. This could see the DOGE price fall as low as $0.087 in the worst case scenario. On the flip side, the Dogecoin price is also showing some bullish tendencies, as the crypto analyst points out. The price is apparently flirting with a bullish breakout, which could be significant if it plays out. In this case, the bullish breakout could see the meme coins price rise as high as $0.16 and that would mean a 45% breakout from the current price. #Dogecoin keeps flirting with a bullish breakout, but patience might be key! The Stochastic RSI just had a bearish crossover, hinting at a potential short-term correction before the next move. pic.twitter.com/IZNsTJHksT Ali (@ali_charts) September 25, 2024 Dogecoin Looking For A Breakout The crypto analyst has previously presented bullish scenarios for the Dogecoin price but chalked it up to two key signals. The first of which is the RSI actually making a successful break out of the descending trending on the daily chart. Second of these is a break above the $0.11 resistance on the chart. Related Reading: Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5 One of these signals had been triggered, with the RSI breaking the descending trendline. However, that has since changed as the Stochastic RSI has actually turned bearish in the meantime. The DOGE price is still trending below $0.1, suggesting that bears are still well in control of the price. These developments show more potential for the Dogecoin price to actually crash from here before a recovery. But in the event of a market-wide recovery, DOGE could end up following the uptrend regardless. Featured image created with Dall.E, chart from Tradingview.com

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SEC settles charges against TrueCoin, TrustToken over TrueUSD 

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

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Dogecoin Parabolic Rally To Trigger 5,500% Surge To $6, Heres When

Expectations for the Dogecoin price remain high as a crypto analyst has predicted a rally to a new all-time high for the meme coin. Not only does the analyst expect an eventual break above the coveted $1 level, they push further, expect Dogecon to put on a parabolic rally that could shock the crypto market. This could catapult the DOGE cryptocurrency forward, and put on a performance that could be reminiscent of its 2021 price surge. Dogecoin Completes Accumulation Phase In an analysis posted on the TradingView website, pseudonymous crypto analyst TradingShot has given a bullish forecast for the Dogecoin price. First, the analyst points back to a previous analysis first shared around a year ago. This analysis had predicted that the DOGE price would enter an accumulation phase before the surge. Related Reading: Diamond Hand Ethereum Whale Moves 15,000 ETH, Heres The Destination Fast forward to the present, the crypto analyst explains that Dogecoin did, in fact, enter this accumulation phase and completed it as predicted. This brings the crypto analyst to the next phase of the forecast, which is the price surge from here. As TradingShot explains, this accumulation phase was present in previous bullish cycle, making it an important fixture here. Furthermore, a bullish cross at the 1-Week 50 and 00-Moving Averages, as well as the 1-Week 100-Moving Average holding steady after coming to a Channel Down/Bull Flag, leads it into its Parabolic Rally phase, which is where the fun begins. Price Targets For DOGEs Parabolic Rally With the Dogecoin price now entering the parabolic rally phase of the forecast, the crypto analyst has presented the possible levels that the DOGE price could reach. For the most conservative lives, the crypto analyst predicts that a rise to $2 is possible. TradingShot refers to this 1,760% rally from the current level as the proper target for this cycle. Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish However, just like with any parabolic rally, there is the possibility that the price will continue to rise even after reaching its realistic target. In what the analyst calls an overextension case, they explain that the price could rise 5,500% to reach as high as $6. But there would have to be some new developments, such as some news/ fundamentals introduce new uses/ adoption for Doge and the market reacts with very aggressive capital inflows. As for the timeline for when this forecast would be realize, it doesnt seem too far off as the analyst puts it sometime in 2025.Using the previous cycle tops for Dogecoins parabolic rallies, TradingShot puts the pico top sometime around August 4, 2025. This means theres only 11 months left until this whole prediction could come to fruition. Featured image created with Dall.E, chart from Tradingview.com

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Dogecoin Open interest Remains Muted Below $500 Million, Whats Going On?

With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoins price. So, what could this muted open interest mean for the meme coins price going forward? Dogecoin Open Interest Fails To Move According to data from the Coinglass website, the Dogecoin open interest has failed to surpass the $500 million level once again. On Thursday, the Dogecoin open interest was $493.97 million, which is a long way from its all-time high. This comes even as the meme coins open interest surged 6.9% in the 24-hour period, with notable jumps across crypto exchange such as OKX and Bitget. Related Reading: October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000 Despite this increase, the Dogecoin open interest is still firmly below its August highs. The open interest started out in August above $618 million. However, since then, it has remained muted, suggesting that crypto traders have turned their attention elsewhere. Even more concerning is the fact that the open interest is more than 70% below its all-time high from March 2024. On March 29, 2024, the Dogecoin open interest had reached a new peak of $2.21 billion. But since then, the open interest has been seeing a steady decline. At Thursdays figures of $498 million, the DOGE open interest is now seeing a 77% decline from its Marchs figures. Why This Decline Could Be Good For DOGE The open interest gives the total of the open options or futures contracts in the market for a particular digital asset. Basically, it helps investors to tell if traders are betting heavily on the recovery or decline of a cryptocurrency or not. Related Reading: XRP Price Prediction: Crypto Pundit Predicts Historical 9,468% Pump To $27 Given Dogecoins data, it shows that traders are not exactly focused on the meme coin as they used to be. However, this is not always a bad thing, as periods of low open interest have often marked market bottoms. The low open interest usually gives investors a good time to enter into the coin, as the price often declines with the open interest. As the Bitcoin price recovers, it is expected that the Dogecoin price will follow, and when the open interest begins to recover, the DOGE price is expected to grow rapidly with it. A similar scenario was witnessed back in January 2024, with the open interest marking a bottom somewhere around $300 million. However, over the next few months, the open interest rose more than 630%, triggering an over 100% price surge for Dogecoin. If the same scenario plays out here, then the DOGE price could double once more. This would put the price firmly above the $0.2 level, especially with a bull run expected in the last quarter of the year. Featured image created with Dall.E, chart from Tradingview.com

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

Dogecoin is at a crucial price level following a market surge driven by the Federal Reserves announcement of a 50 basis point interest rate cut. The meme coin is on the verge of breaking a resistance that could ignite a rally to new highs. Analysts and investors are making bold predictions, with one analyst forecasting a “conservative” 1,000% surge if the price gains momentum. Related Reading: Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? DOGE has consistently traded above strong demand levels and targets local highs to break its current price structure. A change in this structure could result in a significant rally, lifting the entire meme coin market to new heights. With market sentiment increasingly bullish, the coming days will determine whether Dogecoin will capitalize on this opportunity. Dogecoin Analyst Expects $3 This Cycle The cryptocurrency market is experiencing a surge after weeks of selling pressure and uncertainty. This has raised optimism among investors waiting for a potential bull run that could begin in the next few weeks.  Dogecoin is trading at a critical level that could spark a rally to new highs. Notably, a well-known Dogecoin analyst, Kevin, has shared a bold prediction on X, presenting three possible scenarios based on how this market cycle plays out. Kevins technical analysis shows that Dogecoin is on the verge of breaking out of a falling wedge pattern, a classic bullish formation often associated with significant price gains. According to his analysis, DOGE is just a few green weeks away from achieving its first golden crossa key bullish signalin over four years.  Kevin offers three potential price targets depending on market performance: $0.93 if Dogecoin performs well, $2.27 if it experiences substantial outperformance, and $3.80 in an “astronomical” performance scenario. He notes that these outcomes largely depend on how the broader economic liquidity cycle evolves. Despite the excitement surrounding this prediction, Dogecoin faces potential risks. If the price action fails to keep pace with the crypto market, traders and investors could end up empty-handed.  Related Reading: XRP The Safest Investment To Make 100% ROI Former Asset Manager Shares Price Targets The coming weeks will determine whether Dogecoin can break out and target these ambitious price levels. With the broader market showing signs of recovery, all eyes are on DOGE to see if it can capitalize on the momentum and reach new heights. DOGE Holding Strong Above $0.10 Dogecoin is trading at $0.104 after a volatile Wednesday, during which the price surged 5% in less than 24 hours. DOGE is approaching key supply levels around $0.115 after successfully reclaiming the 4-hour 200 exponential moving average (EMA) at $0.102 and the 4-hour moving average (MA) at $0.101. This price action suggests short-term strength, sparking optimism among bulls eager to push the price to higher liquidity levels. However, there are risks if DOGE fails to maintain this momentum. If the price struggles to close above $0.108 in the coming days, it could lose its bullish support from these indicators, leading to a deeper correction. In that case, DOGE could potentially target lower prices around $0.097, and losing the 4-hour EMA and MA would indicate weakening momentum. Related Reading: Solana (SOL) Could Crash 40% If It Stays Below $140 Top Analyst Shares Insights Historically, meme coins tend to rise aggressively when they gain momentum. Any price movement in the coming days could trigger significant volatility. Featured image from Dall-E, chart from TradingView

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Dogecoin Forming First Golden Cross In 4 Years, Is A 3700% Rally To $3.8 Possible?

Dogecoin could be gearing up for another major surge in price as the meme coins chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE. Currently, the Dogecoin price is forming its first golden cross in four years, making this an important development for the meme coins price. Dogecoin Analyst Points out Golden Cross Dogecoin analyst Kevin Capital on X (formerly Twitter) has highlighted an important formation on the Dogecoin chart. According to the crypto analyst, the movement of the DOGE price over the last few months has been pushing it toward the formation of a Golden Cross. Related Reading: Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000 Now, a Golden Cross pattern is usually formed when a short-term moving average such as the 50-day moving average and a long-term moving average such as the 200-day moving average crosses. It usually happens that the short-term moving average crosses the long-term moving average from below. Presently, the short-term MA and the long-term MA are yet to cross, but the Golden Cross formation looks to be in the works. In the post, Kevin explains that the Golden Cross formation may happen in the next few weeks. Once this happens, it could signal the start of a bullish recovery, and according to Kevin, it would be the first Golden Cross in four years. DOGE Price Could Touch $3.8 The completion of the Golden Cross pattern could be the catalyst that sets the Dogecoin price on a path to a new all-time high. The first target for the Dogecoin price with this formation is $0.93. This would be an almost 1,000% increase from the current level, just around $0.1. Related Reading: Ethereum In 2021 Vs. 2024: Fractal Suggests Major Breakout In Q4 It doesnt end there, however, as the crypto analyst believes that there is a possibility that the Dogecoin price will go higher than this. In what he calls a Huge out performance, he says that the DOGE price could cross $2.2 if this happens. This would be an over 2,000% increase. The third and final target for the Dogecoin price with the Golden Cross formation is $3.8. The analyst explains, though, that it would take an astronomical performance for this to happen. Nevertheless, this would mean an over 3,700% increase from here. However, the crypto analyst explains that the Dogecoin price reaching these levels depends on how this economic liquidity cycle pans out. The current Dogecoin all-time high is $0.73, which means an 800% increase from here will solidify a new high. Featured image created with Dall.E, chart from Tradingview.com

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Dogecoin Miners In Accumulation Mode, But Is This Really Bullish?

On-chain data shows the Dogecoin miners have been accumulating recently. Here’s what this could mean for the memecoin, based on past pattern. Dogecoin Miner Supply Has Been Going Up For A While Now In a new insight post, the on-chain analytics firm Santiment has talked about the role of the miners in the different cryptocurrency markets like Bitcoin and Dogecoin. The indicator of interest here is the “Supply held by Miners,” which, as its name suggests, keeps track of the total amount of tokens that the miners of a network as a whole are carrying in their balance. Related Reading: Bitcoin Toughest Time Over: Why Q4 Could Be A Game-Changer When the value of this indicator goes up, it means the miners are receiving net deposits into their wallets right now. Such a trend implies this cohort may be in a phase of accumulation. On the other hand, the metric registering a decline suggests these chain validators are withdrawing a net number of tokens from their balance, potentially for selling purposes. First, here is a chart that shows the trend in the Supply held by Miners for Bitcoin over the past year: As is visible in the above graph, the Supply held by Miners and the Bitcoin price has shown some correlation during the past year. As Santiment has explained in the post: When miners choose to hold onto their coins rather than selling, its often a sign that they expect prices to rise, which can create positive momentum in the market. However, when they start offloading large amounts, it can put downward pressure on prices. Most recently, the BTC Supply held by Miners has been on the rise again after plunging to relatively low levels earlier. Thus, it would appear that these chain validators may be accumulating once more, which can be bullish for the asset. The relationship that miners show to the BTC price is similar to many other cryptocurrency networks. However, that is not the case with meme coins like Dogecoin. According to the analytics firm: If it’s a very speculative-driven asset, you can often pick up an inverse indication between what miners are doing and where the altcoin is going price-wise compared to Bitcoin. The inverse relationship is visible in the below chart for the Dogecoin Supply held by Miners. From the graph, it’s apparent that the Dogecoin Supply held by Miners had plunged back in January, but what followed this selloff from the miners was a sharp surge in the DOGE/BTC ratio. Related Reading: Altcoin Watch: Mega Whales Are Taking These Alts Off Exchanges Over the last couple of months, the chain validators of the asset have seen their supply register a rapid increase. Given the inverse relationship the metric and the price tend to follow, however, this accumulation could be a bearish sign for the asset. DOGE Price Dogecoin had made recovery beyond the $0.107 mark earlier, but the memecoin has since gone downhill as it’s back at $0.100. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Heres What Dogecoin Whales Are Doing Following The Recovery Above $0.1

The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this. As the price rebounds, these whales have increased their activity, moving billions of DOGE to and from their wallets. However, the net flow of these whale wallets paint a bearish story for the DOGE price. Dogecoin Whales Move Over $500 Million The large whale transactions tracked by the IntoTheBlock platform are transactions carrying $100,000 or more. These large transactions, although seeing a drawdown from the previous weeks figures, have maintained a reasonably high level. Over the last two days, the average number of whale transactions have come out to 800, showing that interest from the whales remain high. Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 While the whale transaction numbers actually saw a decrease between Sunday and Monday, going from 899 transactions to 818 transactions, the number of DOGE moved tell a different story. IntoTheBlocks data shows that 5.19 billion DOGE were moved on Monday compared to 4.59 billion DOGE on Sunday. In dollar terms, this translates to $522.89 million compared to $499.99 million. Nevertheless, these numbers show an average of $500 million being moved by these whales everyday. As the Dogecoin price continues to recover, the whale transactions could balloon from here as investors move to secure their positions. Where Are The Coins Headed? The net flow data for the large whale wallets can tell us where the whales are moving their DOGE coins. This data tracks the inflow and outflows from the Dogecoin whale wallets, meaning how much is entering the wallets and how many coins are leaving. As a result, it can show if these whales are buying or selling at this time. According to the IntoTheBlock data, the inflows into the wallets have declined, while the outflows from these large wallets have risen over the last few days. Inflows dropped from 37.4 million DOGE on Sunday to only 115.11 million DOGE on Monday. This shows that the Dogecoin whales have not been buying as much DOGE during this time. Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 In the same vein, outflows also surged from 18.37 million DOGE on Sunday to 107.71 million DOGE on Monday. This outflow trend suggests that Dogecoin whales are selling rather than buying. It explains the selling pressure on the coin over the last few days, making it hard to reclaim $0.1. However, net flow data, which shows the average of inflows and outflows, has remained almost flat. Nevertheless, the majority of Dogecoin holders look to be in it for the long term as 3.93 million addresses have held their DOGE coins for more than one year. 2.2 million addresses have been holding for between 1 and 12 months. This leaves only 113,660 addresses that have been holding for less than one month. Featured image created with Dall.E, chart from Tradingview.com

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Dogecoin At $0.1 Is A Gift, Falling Wedge Breaking Bullish To Send Price To $0.2

Dogecoin (DOGE) is currently trading at $0.102, but the popular meme-based cryptocurrency appears to be positioning itself for a potential move to the upside. Over the past five months, Dogecoin has largely traded in a downtrend with the formation of lower highs and lower lows. This consistent downward pressure has led to the development of a classic price pattern known as a falling wedge. According to a technical analyst who has been closely tracking Dogecoins movements, the daily chart suggests that the falling wedge is nearing its conclusion, and a bullish breakout is now in sight. If Dogecoin successfully breaks out of this wedge, the analyst projects a price target of $0.20. Dogecoin Falling Wedge Breaking Bullish A falling wedge is a narrowing price channel that typically signals a reversal from bearish to bullish momentum. The key feature of this pattern is that it shows a gradual reduction in the downward price movement as buyers start to step in, causing price consolidation. In the case of Dogecoin, this pattern was highlighted by a technical analyst known pseudonymously as Crypto Yapper on social media platform X.  Related Reading: Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80 According to the DOGE/USDT chart on the 1D candlestick, DOGE has largely been on a downtrend since it peaked at its yearly high of $0.22 in March. At one point, DOGE fell by 63% from $0.22 to a low of $0.08 on August 5. Following this low point in early August, Dogecoin has managed to stage a modest recovery, rising by approximately 25% to its current level. However, DOGE has yet to break above the upper resistance trendline of the falling wedge pattern. $DOGE almost Breaking Out ! This Falling Wedge on the #DOGE daily chart is close to breaking Bullish The break out target for #Dogecoin will be $0.20 pic.twitter.com/MoAQe1Xo6r Crypto Yapper (@CryptoYapper) September 14, 2024 Since bouncing off $0.088 on September 6, DOGE has traveled upwards to retest the upper trendline of the falling wedge at around $0.108. As noted by Crypto Yapper, a successful break to the upside would see DOGE doubling its current value and reaching $0.20. While this price target might seem modest at first glance, especially considering that Dogecoin had already surpassed $0.20 earlier in the year, it represents the cryptocurrencys recovery from its prolonged downtrend. This, in turn, could lead to a total change into bullish sentiment, with DOGE eventually breaking above $0.22. Related Reading: Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December Echoing the falling wedge pattern analysis is another DOGE trader (CryptoHotep). According to him, DOGE at $0.10 is a gift. His post featured a similar DOGE/USD price chart featuring the falling wedge pattern from $0.22, albeit with the upper trendline only. This comment was made regarding a forecasted breakout above the upper trendline. Although there wasn’t a projected price target, his comment showed this is probably the best time to buy DOGE before the projected breakout.  Featured image created with Dall.E, chart from Tradingview.com

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