ReportWire

Tag: meme coin

  • What The Dogecoin Recovery From This Accumulation Zone Means For The Price

    Dogecoin (DOGE) has recently seen a major recovery from a critical accumulation zone, which a crypto analyst believes could set the stage for a stronger rally to or above $1. The massive price surge comes after months of consistent declines, during which the dog-themed meme coin has failed to break through resistance amid volatility and persistent market sell-offs. 

    Dogecoin Rebounds 46% From Accumulation Zone

    Market analyst Crypto Patel has released a fresh evaluation of Dogecoin’s price behavior, pointing to a key accumulation zone that has sparked a notable recovery in the meme coin. The analyst highlighted a significant shift in Dogecoin’s momentum and price direction after it climbed roughly 46.94% from a strong support area and accumulation zone near $0.0375. The jump included a recent 8.57% daily increase, which propelled DOGE toward $0.113. 

    Related Reading

    Crypto Patel has said that short-term traders can consider taking profits at current high levels. In contrast, long-term traders are encouraged to view any decline from $0.113 to the $0.06 to $0.08 range as a gradual accumulation opportunity, with expectations that the meme coin’s next bullish targets will extend to $1 and $2. 

    The accumulation zone, marked in green on the analyst’s chart, represents a multi-year base that has held since earlier cycles, with the Dogecoin price respecting it as a higher-timeframe support. Crypto Patel noted that DOGE previously recorded two major breakouts before reaching this zone. The first breakout occurred at the lower boundary of a descending channel between points 1 and 2 on the chart, followed by a second breakout from a later consolidation phase that pushed prices higher.

    Source: Chart from Crypto Patel on X

    After these moves, Dogecoin’s price pulled back and retested key levels before settling into the current accumulation zone. The meme coin is now showing renewed bullish momentum after months of decline, with price action pointing toward a move to higher levels. 

    Fibonacci extensions and measured move projections further indicate the likelihood of a significant upside, with one target on the chart pointing to $0.567, representing a potential 409% rally. Another target suggests an even higher price increase toward $2 and possibly $4 if bullish momentum persists. 

    Related Reading

    Although Dogecoin recovered to $0.11, its price has since declined to $0.10. CoinMarketCap’s daily chart shows that DOGE has declined by more than 11% over the past 24 hours. 

    Analyst Highlights Possible Invalidation Level 

    In his chart, Crypto Patel highlighted a potential invalidation area, warning that if it is crossed, Dogecoin could pull back and resume its previous downtrend. The invalidation level sits near $0.056, just below the accumulation zone. The analyst noted earlier that despite the recent recovery, the DOGE price could still revisit the $0.06 range, suggesting that a weekly close below this area could weaken the meme coin’s broader macro bullish structure.

    Dogecoin
    DOGE trading at $0.10 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured Image from Pixabay, chart from Tradingview.com

    Sandra White

    Source link

  • Dogecoin Crash Sends It To Key Demand Zone, Here’s The Level To Watch

    Tracking the broader crypto market decline, Dogecoin (DOGE) has crashed to new lows, sending it back to a key demand zone. Market analyst Eric Crypto has shared a detailed analysis, highlighting the significance of this level and predicting that a hold above it could trigger a major rebound and subsequent price rallies for Dogecoin. 

    Dogecoin Price Plummets To Key Demand Zone

    On January 31, Eric Crypto shared a technical price chart on X, showing that Dogecoin has dropped significantly from its late-year highs of around $0.26 and recently fell to about $0.11099. The move was accompanied by choppy price action and several volatility spikes before sellers finally pushed the price down into a clear support region. 

    Related Reading

    Following this drop, Eric Crypto noted that Dogecoin is now sitting right on a key demand zone near $0.11. He explained that the price briefly dipped below recent lows to grab liquidity before forming a visible base in this region. On the chart, this appears as a small consolidation box just above $0.11 following the sharp decline. 

    With price action now stabilizing at the base, Eric Crypto believes Dogecoin is positioned for a potential price bounce. He noted that if the meme coin can hold above the demand zone, it could stage a relief rally toward $0.14 could be its next move. Should bullish momentum continue, he added that higher targets around $0.18 and potentially $0.22 could come into play. 

    Source: Chart from Eric Crypto on X

    Considering Dogecoin’s price has declined to $0.103, a surge to $0.14 would represent a 36% gain. Additionally, a rally to $0.18 and $0.22 would reflect a potential increase of roughly 75% and 114%, respectively. 

    Eric Crypto concluded his analysis by characterizing Dogecoin’s current setup as one in which “risk is defined” and “upside is asymmetrical.” The analyst also urged investors to be patient as Dogecoin navigates a prolonged downtrend and aims for a recovery. 

    Analyst Says Dogecoin Looks Weak, But Can Still Recover

    In an updated analysis, crypto expert Bitguru said that Dogecoin is currently trading within a long consolidation zone around $0.10 after suffering a sharp decline from $0.24 and a subsequent liquidity sweep. He acknowledged that Dogecoin’s price currently appears weak, indicating that selling pressure remains. 

    Related Reading

    Despite this downtrend, Bitguru noted that holding the current consolidation base could trigger a rebound for Dogecoin. According to the analyst, if the dog-themed meme coin can hold support, it could begin a recovery toward the $0.13-$0.15 range. 

    On the flip side, the analyst warned that a breakdown below this support level could invalidate Dogecoin’s potential rebound. If this occurs, he stated that DOGE’s downside risk would remain open, meaning the price could slide again toward lower levels. 

    Dogecoin
    DOGE trading at $0.10 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Pngtree, chart from Tradingview.com

    Scott Matherson

    Source link

  • Dogecoin Roadblock At $0.15: Analyst Predicts The Next Major Level

    Dogecoin (DOGE) is showing signs of recovery as it attempts to break out of its ongoing bearish trend. However, a crypto analyst had identified a significant roadblock at $0.15, which could determine the meme coin’s next move. According to the analyst, if Dogecoin can decisively break through this resistance, its price could move toward a more bullish target, signaling a potential shift in market momentum. 

    Dogecoin Faces Major Resistance At $0.15

    Dogecoin is now attracting new attention as technical indicators suggest the meme coin may be preparing for a directional move after months of downside pressure. A recent analysis shared by pseudonymous market expert ‘World of Charts’ on X outlines a developing breakout structure that could define Dogecoin’s bullish trajectory. 

    Related Reading

    According to the expert, Dogecoin is trading near a key price area that is acting as a major barrier to further upward movement. The daily chart shows the meme coin trending lower since its record high in late 2024, with a series of lower highs and lower lows dominating price action. This decline eventually slowed as DOGE entered a tight consolidation range near the $0.122 level, highlighted on the chart with a blue horizontal box.

    Source: Chart from World of Charts on X

     In his analysis, World of Charts highlighted the blue horizontal zone as a key level to watch. He noted that after Dogecoin breaks out from the horizontal box, he expects it to move above the $0.122 resistance area. Once this happens, he has stated that the meme coin will likely start a move toward the next resistance zone between $0.15 and $0.16. 

    As mentioned earlier, the price range between $0.15 and $0.16 has been identified as a major barrier. If Dogecoin breaks through this area, it could trigger stronger upward momentum. Currently, the meme coin has surpassed the $1.22 mark and is trading above $1.25. Maintaining a position above this level could be the key to reversing its prolonged downtrend. 

    Dogecoin Setup Mirrors Bullish Past Cycle Patterns

    In a separate analysis, Bitcoinsensus has issued a bullish forecast for Dogecoin, highlighting a recurring pattern on its price chart. According to the X post, Dogecoin’s current price action is mirroring a historical pattern that has preceded massive rallies during the 2014-2017 and 2018-2021 market cycles. 

    Related Reading

    The pattern begins with an extended consolidation or accumulation phase followed by a sharp parabolic breakout upward. During the 2014-2017 cycle, Dogecoin recorded a massive gain of 5,858.67%, while the 2018-2021 cycle followed a similar trajectory, with prices surging over 21,457.13%.

    With this pattern now emerging in the current cycle, Bitcoinsensus predicts that Dogecoin will be on the verge of a similarly powerful rally. The projection estimates a potential gain of 3,146.88%, suggesting a possible rise from $0.125 to above $3. 

    Dogecoin
    DOGE trading at $0.12 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Scott Matherson

    Source link

  • Why Has The Solana Price Been In A Steady Downtrend Since January?

    Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months. 

    Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.

    Distribution Was Already Underway Before The January Peak

    Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it. 

    Related Reading

    The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally. 

    Source: Chart from Ardi on X

    After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.

    Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.

    On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.

    Is Solana’s Price Becoming Dependent On Memecoin Activity?

    Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.

    Related Reading

    Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January. 

    However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem. 

    At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.

    Solana
    SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Scott Matherson

    Source link

  • Solana Enters A Low-Interest Phase After November 2024 All-Time High — Here’s Why

    The story of Solana has shifted from a meteoric rise to a high-stakes battle for relevance. After reaching a historic all-time high in November 2024, the network has struggled to reclaim its former momentum. This loss of momentum reflects technical exhaustion and a market recalibration after an aggressive run-up. Thus, SOL has entered a new phase as investors assess whether fresh demand can emerge or if the network needs a new catalyst to reassert leadership.

    How Solana Momentum Fades After The November Peak

    Crypto trader Ardi has revealed on X that market interest has noticeably thinned ever since Solana set its $296 all-time high in November 2024. On-chain data has shown that buying pressure has been dominated almost by the retail-sized wallets, particularly those making purchases between $0 and $1,000.

    Ardi argues that while many observers point to micro conditions to explain the stalled price action, the tape reveals that the distribution has begun before the peak. The selling volume had already been accelerating for months before October 10, signaling that major players were planning their exits long before the drawdown. The data also confirms a massive divergence between demographics.

    Meanwhile, the mid-sized wallets involving $0 to $100,000, and the institutional-sized wallets involving $100,000 to $10 million in volume have been in a steady downtrend for roughly 13 months. Over the same period, retail wallets have shown a consistent uptrend, and are clearly convinced that SOL is still trading at a deep discount price. 

    This imbalance leads to the ultimate question: Is Solana’s value now intrinsically tied to memecoins? The correlation between SOL’s demand and the memecoin actively on the network has been near-perfect, which means that without the frenzy of the meme sector, most bids would largely be disinterested.

    What Comes After Memes Will Decide Solana’s Future

    An investor and trader, Jas pointed out that 2025 has definitely been a reset for Solana, but it isn’t over for the altcoin. SOL active monthly traders have fallen from roughly 30 million to under 1 million, a staggering 97% drop in network activity. The speculative engine was the memecoin boom that fueled its rise and also exposed its biggest vulnerability.

    Furthermore, SOL is down nearly 58% from its yearly high. SOL’s network revenue dropped fivefold year-over-year from $2.5 billion in 2024 to $500 million in 2025. The contrast with Ethereum is hard to ignore, and ETH generated $1.4 billion in revenue this year and outperformed SOL by 56% year-to-date. “SOL’s future may depend less on memes and more on what follows them,” Jas noted.

    Solana

    Godspower Owie

    Source link

  • Dogecoin Open Interest Crashes 50% From October Highs, Volume Is Worse, What’s Going On?

    Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin’s momentum. The latest figures reveal a significant pullback in derivatives activity and spot market participation, suggesting that traders may be retreating from speculative positions as volatility eases. 

    Dogecoin Open Interest Crashes Over 60%

    Dogecoin’s Open Interest has plunged dramatically from its October highs, reflecting a rapid exodus of leveraged traders from the market. According to CoinGlass, total exchange DOGE futures Open Interest has fallen over 62% from a peak of $5.03 billion on October 7 to $1.88 billion on October 28. This represents a drop to approximately 9.41 billion DOGE, valued at $ 0.20 per token.

    Related Reading

    Despite the decline in Open Interest, Binance, BitMEX, and Bybit continue to lead as the top exchanges with the highest Dogecoin futures activity. Still, the downturn has been widespread across exchanges. Kucoin recorded the largest drop in recent hours at 3.1%, followed closely by Bitget, which saw a 2.27% decline. Over the last 24 hours, Bitunix recorded the steepest drop in Open Interest, down 15.86%, while Crypto.com saw a 7.36% reduction. 

    Source: Chart from Coinglass

    Even Binance, which consistently leads Dogecoin futures trading, has seen a notable pullback. CoinGlass reports that the exchange’s Open Interest peaked at $964.7 million on October 7, marking a monthly high. Since then, it has fallen to $380.29 million (1.9 billion DOGE), representing a staggering 60.6% crash in just over three weeks.

    Dogecoin Sees Even Worse Decline In Volume

    Trading volume for Dogecoin has mirrored the collapse in Open Interest. CoinGlass data shows that Dogecoin’s futures volume heatmap across major crypto exchanges is in the red zone. Total trading volume had spiked to $20.45 billion on October 11, following the devastating crypto flash crash on October 10, but has since plummeted to $5.31 billion as of October 28. This represents a whopping 74% decline.

    Related Reading

    On individual exchanges, Binance’s DOGE trading volume dropped by 9.35% in the past 24 hours, while OKX saw a 13.69% decline. CoinEx recorded the largest volume decrease at 26.1%, followed by Gate.io at 23.94%. Popular exchanges like Bitget, Kucoin, and Bitunix also reported varying declines of 4.96%, 20.37% and 13.16%, respectively, as overall market liquidity thinned. 

    However, a few exchanges bucked the downward trend, recording slight gains. dYdX saw its DOGE volume surge by 167.61%, HTX increased by 49.93%, and Hyperliquid rose by 23.88%. Bybit and MEXC also recorded modest gains of 24.98% and 1.88%, respectively. 

    Alongside its decline in trading volume, CoinGlass notes that Dogecoin’s price performance has slipped. The meme coin is currently trading at $0.20, down 13.19% over the past 30 days and 2.86% in the last 24 hours.

    Dogecoin
    DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Scott Matherson

    Source link

  • Dogecoin Comeback Trail: RSI Breakout And Price Action Hint At A $0.21–$0.25 Surge

    Dogecoin is regaining its spark as technical indicators flash signs of renewed bullish momentum. Following a prolonged consolidation and a notable correction to $0.095, the popular meme coin is now showing encouraging signs of recovery. A quiet yet steady breakout in its price structure, supported by an RSI breakout from an inverse head-and-shoulders pattern, points toward strengthening market sentiment.

    Dogecoin’s Price Action Aligns With RSI Breakout Targets

    Trader Tardigrade, in his recent analysis of Dogecoin’s 4-hour chart posted on X, emphasized that the popular meme coin is maintaining a solid uptrend after a quiet but meaningful breakout. The move reflects growing bullish strength in the market as DOGE continues to trade above key support levels, signaling renewed interest from buyers after a period of consolidation. 

    He further explained that the RSI indicator is displaying an inverse head and shoulders breakout pattern, a technical signal that often precedes a strong bullish continuation. The development suggests that momentum is building in favor of the bulls, with the RSI likely to climb toward the overbought zone if buying pressure persists. 

    According to Tardigrade, if the current uptrend remains intact and the price continues to hold above key short-term supports, Dogecoin could advance toward its previous high near $0.21. Breaking above that level would not only validate the bullish structure but also potentially trigger a stronger rally, as it would confirm a shift in market sentiment toward sustained upside momentum.

    DOGE Shows Early Signs Of Rebound After Deep Correction

    Crypto analyst BitGuru revealed in a recent post on X that Dogecoin (DOGE) is finally showing the early signs of a potential rebound. This follows a prolonged period defined by a lengthy consolidation phase and a deep correction that pushed the price down to the $0.095 level. Such resilience, appearing after such an extended pullback, suggests that the market may finally be ready to stabilize.

    The analyst provided a clear technical trigger that would confirm a definitive shift in the short-term market momentum. For the momentum to truly take hold and build into a sustainable rally, the price must successfully sustain above the key $0.20 level. This acts as the necessary floor that buyers must establish and defend.

    If DOGE is able to achieve a confirmed hold above $0.20, the technical outlook suggests a clear path higher. Momentum would then be expected to build rapidly toward the next major resistance target, identified as the $0.25 zone, signaling a significant short-term bullish shift for the meme coin.

    Dogecoin

    Godspower Owie

    Source link

  • Crypto Analyst Says Dogecoin Price Is ‘Parabolic Coded’ To $1, Here’s What It Means

    Crypto analyst EtherNasyonaL has predicted that the Dogecoin price is well-primed for a parabolic rally. This came as he alluded to the meme coin’s historical performance, while declaring it was “parabolic coded.”

    Dogecoin Price Eyes Rally To $1 As Analyst Says Meme Coin Is ‘Parabolic Coded’

    In an X post, EtherNasyonaL predicted that the Dogecoin price could rally to the psychological $1 level, hinting that the meme coin was well-positioned for a parabolic rally. The analyst highlighted DOGE’s historical performance in the fourth quarter of 2023 and 2024, when it recorded gains of 246% and 373%, respectively. Based on this, he raised the possibility that the meme coin could also witness significant gains in this fourth quarter. 

    Related Reading

    EtherNasyonaL advised market participants to position themselves as the Dogecoin price eyes this parabolic rally to $1, which will mark a new all-time high (ATH) for the meme coin. In another X post, the crypto analyst again doubled down on his bullish forecast for the meme coin. He stated that the DOGE cycle 3 continues and is heading towards parabolic waves once again. 

    Source: Chart from Ether Naysonal on X

    EtherNasyonaL noted that in the first cycle, the Dogecoin price rose by 21,825%, while in the second cycle, the meme coin rose by 54,890%. He further remarked that DOGE is up 800% in this third cycle from its borrow to the December 2024 peak of around $0.48. The analyst added that Dogecoin has made massive jumps after every bottom in the past, suggesting that this time will not be different. 

    EtherNasyonaL claimed that the chart suggests that the Dogecoin price may be on the verge of another major move. His accompanying chart showed that DOGE could rally above $1.5 on this next leg to the upside. 

    ‘Conservative’ Target Of $11 For DOGE

    Crypto analyst Dima Potts predicted that the Dogecoin price could gain 37x from its start price this year of $0.31, reaching $11.71 by the end of the year. He described this as his conservative target, as he was avoiding projecting a 283x move, which will follow the pattern of the 83x and 183x gains the meme coin recorded in the first and second cycles, respectively. 

    Related Reading

    However, Dima Potts suggested that the Dogecoin price may be mirroring its historical price action. He revealed that DOGE is once again approaching the yellow resistance line, currently around $0.41 on the weekly timeframe. The analyst added that if the meme coin closes above this level, history suggests it could be on the verge of another massive rally, similar to the parabolic moves in past cycles.

    At the time of writing, the Dogecoin price is trading at around $0.25, up in the last 24 hours, according to data from CoinMarketCap.

    Ethereum
    DOGE trading at $0.24 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    Scott Matherson

    Source link

  • Analysts Predict Dogecoin Price Will Explode: Why The $1 Mark Is Inevitable

    Crypto analysts Kaleo and Mags have predicted that the Dogecoin price will witness a parabolic run, with the potential to reach the $1 mark. This comes amid the top meme coin’s downtrend, which puts it at risk of retesting the $0.2 mark. 

    Dogecoin Price Eyes Parabolic Rally To $1

    In an X post, Kaleo declared that the Dogecoin price will rip to new highs from its current level. He further remarked that it is only a matter of time before prices catch up with institutional interest coming from DOGE treasury companies and ETFs. In line with this, he advised market participants not to “sleep on the king of memes.”

    Related Reading

    Meanwhile, crypto analyst Mags indicated that the Dogecoin price could rally to as high as $1 on this projected parabolic rally. He suggested that there is no way that the “father of all meme coins,” which is supported and shilled by Elon Musk, wouldn’t be able to pull a 3x increase in this market cycle. 

    Mags asserted that the bull run is dedicated to meme coins and that the Dogecoin price will lead the meme coin supercycle round 2. It is worth mentioning that Elon Musk’s lawyer, Alex Spiro, is the Chairman of CleanCore, the foremost DOGE treasury company, which is looking to acquire up to 1 billion coins. The company already holds over 600 million DOGE. 

    As Kaleo noted, institutional interest has also picked up following the launch of REX-Osprey’s Dogecoin ETF, which became the first meme coin ETF to launch. The Dogecoin price had notably surged above $0.3 ahead of the ETF’s launch. However, it has been on a downtrend since the fund launched, indicating that this was a ‘sell the news’ event. DOGE is down over 12% since then, a development which also comes amid a broad crypto market downtrend. 

    DOGE Will Reach Its ATH At The Minimum

    Crypto analyst Javon Marks has predicted that the Dogecoin price will reach its all-time high (ATH) of $0.73 at the minimum. He claimed that, based on historical trends, up next for DOGE is a rally of over 195%, which will send the meme coin to a new ATH above $0.739. His accompanying chart suggested that DOGE can reach the psychological $1 level in the process. 

    Source: Chart from Javon Marks on X

    Meanwhile, crypto analyst Kevin Capital highlighted how the Dogecoin price rallied 400% to $0.48 within a short period last year. He noted that crypto does nothing until it does something, and that it requires an incredible amount of patience and skill. However, the analyst emphasized that anyone can pull off the biggest trade if they can identify and have the conviction to buy at the lows, suggesting that it may be a good time to buy the dip. 

    Related Reading

    At the time of writing, the Dogecoin price is trading at around $0.235, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

    Dogecoin
    DOGE trading at $0.23 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Scott Matherson

    Source link

  • Cycle 3 Expectations Show Dogecoin Price Could Cross $10 With This Decisive Break

    Crypto analyst DOGECAPITAL has predicted that the Dogecoin price could rally above $10. He revealed that the foremost meme coin needs to have a decisive break above a particular level for it to record this parabolic run to the upside. 

    Dogecoin Price Eyes Rally To $10 Based On Cycle 3 Expectations

    In an X post, DOGECAPITAL indicated that the Dogecoin price could rally to $10 based on historical cycle patterns. He noted that in Cycle 3, which is the current cycle, DOGE has already crossed critical price levels and is now approaching the $0.30 range again. The analyst claimed that if the pattern continues, a decisive break above this level could ignite the next parabolic run. 

    Related Reading

    This prediction came as DOGECAPITAL revealed that the Dogecoin price monthly chart reveals a recurring pattern in its price action across each major cycle. He further noted that in every cycle, bullish momentum tends to ignite as the DOGE price nears the intersection of the green and red lines. The analyst added that a parabolic rally typically follows once the price breaks above the yellow line.

    Historical pattern hints at a massive surge | Source: Chart from DOGECAPITAL on X

    DOGECAPITAL noted that, in Cycle 1, the Dogecoin price surged 9,221% almost immediately after crossing the green/red line intersection. Meanwhile, in Cycle 2, a similar setup led to a more parabolic rally of over 24,617% for the meme coin after the same crossover. Now, in Cycle 3, DOGE has crossed the green and red lines and is now looking to break above the yellow line for a parabolic rally beyond $10. 

    DOGECAPITAL stated that historically, each bull run has outperformed the last. He alluded to factors such as growing adoption, less inflation, rising institutional interest, and ongoing technological advancements as what could spark a greater rally in this cycle than the previous ones. 

    A Rally To A New ATH Is Imminent

    In an X post, crypto analyst Kevin Capital suggested that a Dogecoin rally to a new all-time high (ATH) is imminent. He noted that DOGE monthly Stoch RSI crosses during bear markets and bull markets have produced very predictable price action in the past. The analyst added that if the macro continues to align the way it is currently, then it will remain predictable, hinting at a rally to the upside. 

    Related Reading

    Kevin Capital noted that the stars need to align not just from a technical analysis perspective, but also in relation to monetary policy expectations and macroeconomic data. From a fundamentals perspective, it is also worth mentioning that the first spot Dogecoin ETF could launch this week after Rex-Osprey teased about the launch last week. 

    At the time of writing, the Dogecoin price is trading at around $0.23, up over 7% in the last 24 hours, according to data from CoinMarketCap.

    Dogecoin
    DOGE trading at $0.23 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    Scott Matherson

    Source link

  • Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

    New technical analysis suggests that the Dogecoin price is teetering at a pivotal point that could dictate its trajectory for the coming months. According to a crypto analyst, the meme coin faces two stark possibilities: a massive bullish breakout that could catapult DOGE by 800% to a new peak of $1.82, followed by a potential crash that may drag the meme coin’s value below $0.1. 

    Dogecoin Price To See Massive Rally Before Crash

    In an August 31 post on X social media, crypto analyst KrissPax announced that Dogecoin may be on the verge of a dramatic rally if historical price action and Fibonacci Extensions play out. He projected that DOGE could trade up to the 2.618 Fibonacci level this fall, which aligns with the $1.82 price mark. Such a bullish move would represent a remarkable 800% gain from the meme coin’s current value of roughly $0.218. 

    Related Reading

    KrissPax shared a chart showing multiple accumulation zones where Dogecoin held firm despite broader market corrections, indicating that long-term holders could be reinforcing price stability. Although the outlook points to an explosive upside potential for DOGE, the analyst also warned that a looming bearish scenario is still in play. 

    Based on the chart’s trajectory, once Dogecoin hits the projected $1.82 all-time high, the meme coin could experience a steep crash toward $0.09 (0.236 Fibonacci retracement), revisiting its weakest levels since 2023. KrissPax referred to this zone as a “gift” in his chart, suggesting it may offer a chance to accumulate at lower prices. 

    Source: Chart from KrissPax on X

    With the price now hovering near key resistance, Dogecoin appears to be approaching a decisive moment that could determine its next target. For investors, this presents a classic high-risk, high-reward setup that could offer strong gains to early accumulation ahead of a breakout or deliver significant losses if bearish pressure sends the meme coin plummeting. 

    Moving forward, KrissPax indicated that Dogecoin’s current low price, relative to its previous peaks, could be an opportunity for traders to add to their portfolios. He warns that hesitating to buy at discounted levels could result in being left out when DOGE begins another steep climb. 

    $0.23 Identified As Key Breakout Threshold

    In a separate X post, crypto market expert Ali Martinez shared his latest Dogecoin analysis, taking a more bullish stand. He pointed to a symmetrical triangle pattern forming on the Dogecoin 4-hour chart, where price action has been consolidating between tightening support and resistance lines. Based on his analysis, this type of formation often signals an impending breakout, with the direction ultimately determined by which boundary the pattern is breached. 

    Related Reading

    Martinez has identified $0.23 as the critical level to watch. If Dogecoin breaks above this threshold with convincing volume, it could trigger a fresh bullish rally toward higher resistance levels at $0.25, $0.28, and potentially $0.30. The analyst’s chart projection outlines a step-like ascent once the breakout is confirmed, suggesting a sustainable rally rather than an immediate spike.

    Dogecoin
    DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

    Scott Matherson

    Source link

  • Dogecoin (DOGE) Sets Sights on $0.150: Will The Rally Take Off?

    Dogecoin (DOGE) Sets Sights on $0.150: Will The Rally Take Off?

    Dogecoin is rising above the $0.1350 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1450 resistance.

    • DOGE price started a fresh increase above the $0.1320 resistance level.
    • The price is trading above the $0.1350 level and the 100-hourly simple moving average.
    • There is a key bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair (data source from Kraken).
    • The price could gain bullish momentum if it clears the $0.1450 and $0.1465 resistance levels.

    Dogecoin Price Eyes More Upsides

    Dogecoin price started a fresh increase above the $0.1200 resistance zone. DOGE gained traction for a move above the $0.1320 resistance zone, beating Bitcoin and Ethereum. There was also a move above the $0.1350 and $0.1400 resistance levels.

    The price traded as high as $0.1467 and recently saw a minor downside correction. The price dipped below the $0.1420 level. It traded below the 23.6% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1467 high.

    However, the bulls are active above the $0.1350 level. There is also a key bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.1320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1465 level. The next major resistance is near the $0.1480 level.

    A close above the $0.1480 resistance might send the price toward the $0.1520 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585.

    Are Dips Supported In DOGE?

    If DOGE’s price fails to climb above the $0.1465 level, it could start another decline. Initial support on the downside is near the $0.1420 level. The next major support is near the $0.1400 level.

    The main support sits at $0.1335 or the 50% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1467 high. If there is a downside break below the $0.1335 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 in the near term.

    Technical Indicators

    Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

    Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

    Major Support Levels – $0.1465 and $0.1500.

    Major Resistance Levels – $0.1420 and $0.1335.

    Aayush Jindal

    Source link

  • BONK Jumps 20% As ‘Dog Season’ Starts, Analyst Says

    BONK Jumps 20% As ‘Dog Season’ Starts, Analyst Says

    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

    Christian Encila

    Source link

  • Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure

    Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure

    Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at around $2.45 trillion — a 94.5% change one year ago.

    In what could be a knock-on effect from the traditional market, which saw the Japanese yen tumble to a 34-year low against the U.S. dollar, leading cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE) all saw their prices drop in the last 24 hours. 

    Bitcoin

    Per data from CoinMarketCap, Bitcoin is currently priced at $63,284, which is a 2.32% drop from 24 hours ago.

    In that period, the number one crypto recorded a trading volume of $22.89 billion, which was the second-highest amount in the last 24 hours.

    BTC 24-hr price chart | Source: CoinMarketCap

    While Bitcoin’s price is still more than 118% higher than it was at the same point a year ago, it is in the red over several other time frames.

    For instance, the current price signifies a 10% dip over 30 days, a 6.7% drop across a fortnight, and a more modest 1.3% loss in the last seven days.

    Solana 

    On its part, Solana — fifth on the list of the biggest cryptocurrencies by market cap — saw its price go down by more than 4% in 24 hours.

    Currently, the coin is changing hands at $137.21 and has a 24-hour trading volume just north of $2.4 billion.

    Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure - 2
    SOL 24-hr price chart | Source: CoinMarketCap

    SOL has not fared any better over different time frames either.

    The current price represents a 25.6% drop from where it was 30 days ago, per data from CoinGecko.

    It also marks a nearly 8% dip across 14 days, as well as a 2.6% loss over 7 days.

    Ethereum

    Ethereum seems to have bucked the general negative trend, albeit rather modestly. At the time of writing, it was trading at about $3,137, which is a 0.23% uptick over the last day.

    The slight bump was accompanied by a 24-hour trading volume of $10.26 billion, making ETH the third most traded cryptocurrency after Tether and Bitcoin.

    Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure - 3
    ETH 24-hr price chart | Source: CoinMarketCap

    Ethereum’s gains over seven days are more significant, with the current price being a 4% improvement on where it was a week ago.

    However, the bearish sentiment that seems to have washed over the crypto market in the last month has not spared ETH either. It has lost more than 12% of its value in that time.

    Dogecoin

    Dogecoin — the largest meme token — also shed some of its value in the last 24 hours.

    The dog-themed coin shed nearly 3% of its price in that time. Trading at about $0.1451, Dogecoin’s value is also more than 30% lower than its level from a month ago.

    Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure - 4
    DOGE 24-hr price chart | Source: CoinMarketCap

    Its performance is reflected among other meme coins, including Pepe (PEPE), Dogwifhat (WIF), and Shiba Inu (SHIB), which are all currently in the red, with losses ranging between 2.82% and 7.87%. 

    Julius Mutunkei

    Source link

  • Coinbase to launch perpetual futures for PEPE

    Coinbase to launch perpetual futures for PEPE

    Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin.

    Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform will be available from April 18.

    “Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.”

    Coinbase announcement

    Amid the news, PEPE’s value reacted with an immediate rise of nearly 10%, according to CoinMarketCap. PEPE showed a 6.5% gain over the previous 24 hours, reaching $0.0000074.

    24-hour chart of PEPE from CoinMarketCap

    Previously, Coinbase had reservations about listing PEPE, citing its association with controversial hate symbols. However, the decision to list PEPE futures indicates a shift, likely influenced by market demand and the meme coin trend.

    PEPE is the fourth largest meme coin by market capitalization, valued at $3 billion. The market’s enthusiasm for meme coins and PEPE’s prominence as a leading Ethereum (ETH) token likely influenced Coinbase’s decision to explore futures trading for PEPE.

    PEPE’s value surged 350% in a week at the beginning of March, making it the third-largest meme coin by market capitalization with a 600% monthly increase. The meme coin’s current momentum, marked by significant withdrawals and investments, underscores a widespread “Extreme Greed” sentiment among its investors.


    Follow Us on Google News

    Bralon Hill

    Source link

  • Pump.fun finds revenue behind meme coin-centric platform launch

    Pump.fun finds revenue behind meme coin-centric platform launch

    Pump.fun, a meme coin creation and trading platform, has reported a staggering revenue of $5.2 million in just 38 days.

    According to DefiLlama, the platform generated $528,000 in fees yesterday alone. Initially rolled out for Solana (SOL) tokens in January, the platform broadened its horizon by integrating support for the Ethereum Layer 2 network, Blast, the following month.

    Pump.fun has quickly become a hot topic among the crypto meme coin community. The platform allows virtually anyone to create and launch a new token that is instantly tradable, without seed liquidity, and costs less than $2.

    The platform also aims to prevent rugpulls, a common scam in the crypto world.

    “Each coin on Pump is a fair-launch with no presale and no team allocation,” the platform asserts.

    Daily chart of fees and revenue for Pump.fun from DefiLlama

    The process of creating a token on Pump.fun is straightforward. Deployers select a name, ticker, and image. Creators can immediately start trading on a bonding curve—a mathematical model that determines the price of a token based on its supply, usually increasing as more tokens are bought.

    When a token’s market capitalization hits a predetermined threshold, liquidity is deposited to a decentralized exchange and burned, enhancing stability and trust in the newly launched tokens.

    The unique approach offers a stark alternative to traditional token launches, often fraught with high costs, complexity, and risks, including susceptibility to scams during presales.


    Follow Us on Google News

    Bralon Hill

    Source link

  • Cat-themed tokens continue to surge as MEW leads the meme coin charts

    Cat-themed tokens continue to surge as MEW leads the meme coin charts

    As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. 

    The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. 

    However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. 

    Cat in a Dogs World (MEW), one of the latest Solana-based cat meme tokens, rallied by 110% today after launching earlier this week. Within just 48 hours of trading, the token reached a $200 million market cap. 

    Lookonchain says several early traders have made millions with MEW, starting trading as low as 30 SOL. One trader turned a $6,000 investment into $530,000 in hours. The hype behind MEW seems to be shifting interests, as meme coins enthusiasts constantly look for the next promising presale in the bull market. 

    The rising interest in meme coins drives Solana’s market performance, as the altcoin gained nearly 70% in March. 


    Follow Us on Google News

    Mohammad Shahidullah

    Source link

  • OKX to end USDT pairs in EU, yet to list Solana meme coins

    OKX to end USDT pairs in EU, yet to list Solana meme coins

    OKX has decided to discontinue Tether’s USDT trading pairs within the EEA, aligning with the EU’s forthcoming MiCA regulation. 

    The EU’s Markets in Crypto-Assets (MiCA) regulation introduces several restrictions and obligations, particularly targeting stablecoins and the broader spectrum of crypto-asset service providers. 

    Although the regulation does not specifically ban Tether (USDT), it imposes strict requirements on stablecoins issuers, particularly those considered significant due to size, user base, or market impact, a reason why market leaders like OKX are removing USDT trading pairs from the platform. 

    This strategic withdrawal precedes the EU’s expected enforcement of the Markets in Crypto-Assets (MiCA) regulation, which is set to be fully operational by Dec. 30 of this year. OKX customer support revealed this earlier today to several users. However, USDT trading pairs are still visible on the platform. 

    Furthermore, OKX, recognized as the second largest offshore exchange, has notably refrained from listing any recent Solana-based meme tokens. Given the recent popularity of meme coins like Bonk and Dogwifhat, this has surprised the crypto community. 

    Several users have continuously urged the platform to list these popular tokens. However, in a statement today, OKX CEO Star Xu emphasized that the platform will always prioritize tokens with proven utility and potential for early-stage investment. Xu also addressed the community’s efforts to influence listings through social media, stating that such actions would not impact the committee’s decisions and urging halting these practices.

    Xu’s response was a surprising strategy from the exchange, given that major competitors, like Binance, were proactive in listing the trending meme coins very early. The latest Solana meme coins, such as BONK and WIF, have rallied over 3,000% since their launches. Not listing them means OKX has opted not to profit from some of the largest trading activities in the current bull market. 


    Follow Us on Google News

    Mohammad Shahidullah

    Source link

  • Solana, Jupiter are top gainers amidst meme coin craze

    Solana, Jupiter are top gainers amidst meme coin craze

    Despite the market’s notable liquidation, Solana and Jupiter have recorded double-digit growth, becoming the top gainers Friday.

    The crypto market has been down by nearly 5% since yesterday, as Bitcoin dropped to $65,000 for the first time in over a week. Ethereum and Dogecoin also dropped almost 10% after seeing week-long rallies.

    Despite this brief decline, Jupiter and Solana continue to rally amid increased trading volume and positive market sentiment. SOL gained nearly 10% today, and Solana-based meme coins have experienced record-high gains throughout this bull market. Dogwifhat (WIF) reached a new all-time high of $3.47 yesterday, recording a 534% monthly growth. 

    Another newly launched Solana meme coin, Book of Meme (BOME), went viral on social media and has increased 560% since yesterday. The high demand for the BOME/SOL trading pair has also impacted Solana’s price today. BOME’s initial market started just below $10 million and soared to $510 million within a day of trading. 

    On the other hand, Jupiter’s (JUP) rally can be closely attributed to its record trading volume in March and the initiation of its first launchpad program, LFG, which is designed to support new market projects. 

    Jupiter also saw its highest trading volume only two weeks into March. The platform’s largest trading month was December, at $16.6 billion. Up to March 14th, the exchange had already crossed $20 billion, reflected in JUP’s market price. 

    Jupiter exchange monthly trading volume | Source: Jupiter Station

    Jupiter’s record trading volume is also linked to Solana, as SOL/USDC and SOL/WIF were the most traded pairs on the exchange in March. Regarding daily trading volume, SOL/BOME was today’s most traded pair on the DEX. 

    Solana-based meme coins and their availability on Jupiter have positively affected both altcoins, as the tokens have successfully survived the recent liquidation phase in the bull market. 


    Follow Us on Google News

    Mohammad Shahidullah

    Source link

  • Solana’s Biggest Memecoin Gains $681,000 In 3 Days

    Solana’s Biggest Memecoin Gains $681,000 In 3 Days

    Dogwifhat (WIF) has emerged as an unlikely hero, defying the odds and wagging its pixelated tail all the way to the top of the Solana meme coin food chain.

    From Humble Beginnings To Sin City Lights

    Dogwifhat, sporting a logo featuring a Shiba Inu sporting a stylish knit cap, started as just another meme coin vying for attention in the crowded digital landscape. However, a recent community-driven fundraising campaign propelled WIF into the spotlight.

    By collectively raising over $680,000, the Dogwifhat faithful secured a prime advertising spot – a giant image of their beloved canine mascot plastered across the dazzling Las Vegas Sphere. This audacious move, fueled by internet enthusiasm and a dash of canine cuteness, sent shockwaves through the crypto-verse.

    As of today, the market cap of cryptocurrencies stood at $2.4 trillion. Chart: TradingView.com

    Memecoin Mania On Solana’s Speedy Blockchain

    Solana, a blockchain known for its blazing-fast transaction speeds and lower fees, has become a breeding ground for meme coins. Dogwifhat exemplifies this trend.

    Unlike its meme coin cousin Dogecoin, which operates on its own blockchain, WIF leverages Solana’s technological prowess. This translates to a smoother trading experience for users, with minimal transaction fees and the ability to seamlessly interact with other blockchain ecosystems.

    Industry experts like Ryan Selkis, CEO of Messari, point to these features as key differentiators for Solana, making it a prime playground for the next generation of meme coins.

    WIF seven-day price ascent. Source: Coingecko

    Dogwifhat: More Than Just A Pretty Shiba Inu?

    The astronomical rise of Dogwifhat has sparked conversations about its potential to transcend its meme coin origins.

    Proponents argue that WIF’s association with the fast-growing Solana network and its focus on community engagement could pave the way for a more substantial role in the world of decentralized finance (DeFi).

    The project itself claims to be “the most sophisticated meme coin ever made,” hinting at potential future developments beyond just viral appeal. However, skeptics remain cautious, highlighting the inherent volatility of meme coins.

    Featured image from Meme Arsenal, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

    Christian Encila

    Source link