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Dogecoin

DOGEUSD preparing a rally to $1.60Dogecoin (DOGEUSD) is trading on its 1D MA50 (blue trend-line) as despite yesterday's attempted break-out, the pull-back brought the price down around this key trend-line again. The key for buyers is now to turn this level into a Support and hold it, as this is what took place during the September - November 2024 rally. As you can see, once the price broke above the 1D MA50 and re-tested as Support, it sustained a 2-month rally, which reached the 3.0 Fibonacci extension from its bottom point (August 05 2024). We can clearly see how similar the two fractals are, both started with a correction (red Rectangle) and then after the bottom, a Channel Down (also evident on their 1D RSI sequences) paved the way for the rally. As a result, if DOGE tests the 1D MA50 again and holds it this time, we will have a confirmed buy signal to target $1.600 (Fibonacci 3.0 extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
5
Will Doge experience the same downfall as Trump-related coin?Hello and greetings to all the crypto enthusiasts, ✌ Reading this educational material will require approximately 10 minutes of your time. For your convenience, I have summarized the key points in 15 concise lines at the end . I trust this information will prove to be insightful and valuable in enhancing your understanding of Dogecoin and its role in the global financial landscape. Considering the increasing prominence of Dogecoin within Elon Musk's business ecosystem, alongside its widespread use in transactions across Musk-associated ventures, it is clear that Dogecoin has evolved into a significant asset under his influence. Musk's personal advocacy for Dogecoin has played a pivotal role in propelling the cryptocurrency into the mainstream, further solidifying his unique position as one of the most influential figures in the space. While Musk had previously commented on Bitcoin, it was his substantial involvement with Dogecoin that truly bridged the gap between the business world and the cryptocurrency sphere. In many ways, Dogecoin has become the first cryptocurrency to firmly connect Musk to the broader crypto universe, cementing its place in both the financial and digital landscapes. Given Musk’s vocal and continued support for Dogecoin, it is unlikely that the cryptocurrency will be abandoned or face a sharp decline in the immediate future. On the contrary, Dogecoin is more likely to continue benefiting from Musk’s endorsement and growing presence in the crypto space. Musk’s influence has consistently provided Dogecoin with a distinct advantage, and its relevance appears set to endure as long as he remains a key figure in the industry. However, it is important to acknowledge that the rapidly evolving cryptocurrency market means new competitors could emerge, potentially impacting Dogecoin's market share. A notable example of this dynamic can be seen in the rise of projects such as Floki, a cryptocurrency that capitalized on the trend of leveraging high-profile personalities and branding. Similarly, there is a possibility that new cryptocurrencies and blockchain projects, either tied to influential figures or emerging through novel technological advancements, could pose a challenge to Dogecoin's dominance. History has shown that when market sentiment shifts toward a new project, as seen with Trump-themed tokens, the market can experience significant turbulence. For instance, the introduction of a unified "Trump" token caused a sharp decline in the value of individual tokens associated with the former president, while the price of the consolidated token surged in a matter of days, illustrating the market’s tendency to react to branding efforts and centralized strategies. At present, there is growing anticipation surrounding the new initiatives being developed by the team behind Company X, particularly the upcoming launch of XMoney — a blockchain-powered platform that promises to revolutionize payment systems across Musk’s various ventures, including Tesla and SpaceX. This platform is designed to provide a seamless, decentralized payment infrastructure for all of Musk’s business activities, potentially increasing the demand for Dogecoin as a payment method. Such innovations could further cement Musk’s role as a leader in the integration of cryptocurrency within established industries. However, further clarity is needed to assess the long-term impact of these developments on Dogecoin and the broader cryptocurrency ecosystem. In addition to these projects, the connection between Elon Musk and former President Donald Trump is worth noting. Trump’s recent engagement with the cryptocurrency market, coupled with Musk’s own deep ties to crypto, has sparked new levels of interest in digital assets. This growing intersection between high-profile figures and the crypto space is injecting a fresh wave of volume into the market, providing additional upward momentum for Dogecoin and other associated assets. As the market responds to this new influx of attention and liquidity, it is conceivable that Dogecoin could benefit from this renewed interest, with its price being driven higher as a result. Looking at the technical side of things, the indicators for Dogecoin are becoming increasingly positive. Analysis suggests that the coin may be on the verge of a breakout from its current parallel price channel, signaling the potential for a significant price surge. If the asset can successfully break through key resistance levels, it could usher in a new bullish phase, leading to notable price appreciation in the short to medium term. This possibility is further supported by Musk’s continued influence in both the tech and crypto spaces, which often drives market sentiment in a way that is difficult to replicate. Moreover, the broader context of the cryptocurrency market points to several key trends that could shape the future trajectory of Dogecoin. The ongoing development of blockchain technology, the increasing institutional adoption of cryptocurrencies, and the growing recognition of crypto as a legitimate asset class all contribute to the long-term bullish outlook for many cryptocurrencies, including Dogecoin. As these factors converge, it is likely that Dogecoin will remain a key player in the market, provided it continues to evolve alongside the technological and regulatory changes taking place in the industry. The role of artificial intelligence (AI) in the crypto market cannot be overlooked either. As AI technologies continue to advance, they are expected to have an increasing influence on cryptocurrency trading and market dynamics. Musk, as a key figure in both AI development and the crypto space, may look to leverage AI-driven tools to further enhance Dogecoin's appeal and utility. The integration of AI into crypto trading platforms, risk management systems, and even blockchain applications could make cryptocurrencies like Dogecoin more accessible and efficient for users, boosting their mainstream adoption. Furthermore, the regulatory landscape surrounding cryptocurrencies will play a critical role in shaping their future. While the regulatory environment remains uncertain in many regions, the increasing push for clearer regulations could provide more stability to the market. As governments and financial institutions establish frameworks for crypto adoption, established cryptocurrencies like Dogecoin could see increased legitimacy and integration into traditional financial systems, further elevating their market position. 🧨 Our team's main opinion is: 🧨 Dogecoin’s growing role in Elon Musk’s business ventures has solidified its position in the crypto world. Musk's strong personal support has been crucial in driving Dogecoin's popularity, making it the first cryptocurrency that truly connected him to the space. As long as Musk continues to back Dogecoin, it's unlikely to face a significant decline, though competition from new cryptocurrencies or projects could pose a challenge. The recent launch of projects like Floki shows how quickly new assets can rise, and similar shifts could happen in the future. Musk's plans for XMoney, a blockchain payment system for his companies like Tesla and SpaceX, may increase demand for Dogecoin further. Additionally, Musk's relationship with Trump has added more attention to the crypto market, potentially driving Dogecoin's price higher. Technically, Dogecoin is showing positive signs, with analysts predicting a potential breakout. The ongoing growth of blockchain, increasing institutional interest, and advancements in AI could all contribute to Dogecoin’s future success. As the market matures and regulations become clearer, Dogecoin’s position in the crypto landscape remains strong, benefiting from Musk’s influence and the evolving crypto ecosystem. Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Education
by MadWhale
1
DOGECOIN - Time to buy again!As you can see, the price is forming two bullish patterns on the 4h timeframe, If my view is correct, DOGECOIN will rise to $0.50 . And if this pattern is correct and breaks, higher targets are possible. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Dogecoin(DOGE)Price Action Potential in 2025 $0.82, $1.11or $24?As of January 22, 2025, Dogecoin (DOGE) is trading around $0.38, showing signs of strong market interest. The recent price action reflects DOGE's resilience in the current market environment. Let's analyze its potential: Key Highlights: (1) Current Price Movement: 🟢 Trading Range: $0.3368 (low) - $0.3969 (high) 🟢 Daily Change: +2.67% (2) Recent Developments: Elon Musk’s involvement as head of the Department of Government Efficiency (DOGE) has significantly boosted investor confidence, resulting in an 88% price increase post-announcement. Price Predictions: 🟢 Short-Term Potential (Ali Martinez Analysis): If DOGE holds above $0.37, it could rally to $0.82, a 120% upside. 🟢 Mid-Term Projections (CoinCodex): Machine-learning models estimate DOGE could hit $1.11 by April 2025, marking a potential 200% gain. 🟢 Long-Term Speculation (Social Media Analyst): Some projections, though highly speculative, suggest DOGE could reach $24, contingent on significant market shifts. Market Sentiment & Risks: While optimism is high, the cryptocurrency market is inherently volatile. Key factors to watch include: 🟢 Regulatory changes impacting broader crypto adoption. 🟢 Macroeconomic trends like inflation and monetary policies. 🟢 Technological developments influencing DOGE’s utility and scalability. Conclusion: Dogecoin’s price action remains promising, but caution is advised. Always research thoroughly and assess your risk tolerance before making investment decisions. Study Source URLs: (1) Elon Musk's Appointment Impact: The Times - Will Dogecoin Price Be Boosted by Elon Musk’s New Job? (2) Ali Martinez Analysis: Blockonomi - DOGE Price Analysis: Key Indicators Point to Possible 120% Upside for Dogecoin (3) Mid-Term CoinCodex Prediction: The Tribune - Bullish Signals Indicate Dogecoin Could Hit $5, Say Crypto Experts (4) Long-Term Speculation: The Financial Analyst - Analyst Predicts Dogecoin Could Soar to $24, Sparking Community Buzz Feel free to share your thoughts and charts in the comments! 🚀
CRYPTO:DOGEUSDLong
by TMAX39
DOGE/USDT 1H: Bulls Eyeing $0.42!!DOGE/USDT 1H Chart Analysis (SMC Principles) Follow me for more if you respect my charts 🚀🚀🚀 Current Price: $0.37924 Key Points: Strong bullish momentum after breaking the equilibrium zone. RSI at 59 indicates strength with room to move higher. Break above the previous fair value gap (FVG) at $0.365. Premium zones identified at $0.40-$0.42. Trade Setup: Entry Zone: $0.378-$0.380 Targets: T1: $0.40 (premium zone). T2: $0.42 (major resistance). Stop Loss: Below $0.365 (recent FVG). Market Maker Analysis: Accumulation phase completed at $0.34-$0.35. Likely distribution zone above $0.42. No significant divergences present, supporting the bullish case. Risk Score: 7/10 (favorable risk-to-reward setup). Recommendation: Long positions favored with a confidence level of 8/10. Monitor for sustained volume and breakout confirmations above $0.40. Conservative position sizing advised due to broader market conditions. Confidence Level: 8/10 for bullish continuation.
Long
by Cryptokijker
Dogecoin Set to Surge 30% Amidst D.O.G.E. Launch RumorsDogecoin (DOGE), the iconic memecoin, is making headlines once again. Recent media reports suggest that the Department of Government Efficiency (DOGE) has launched an official website, allegedly featuring the Dogecoin logo as its avatar. While unconfirmed, this development has sparked significant interest and has already caused a 10% price surge within minutes. The Big Reveal: DOGE and the Government Efficiency Department The purported launch of the DOGE department’s official website, (doge.gov), is a potential game-changer for Dogecoin. If true, the alignment of a U.S. government entity with Dogecoin could propel the cryptocurrency to unprecedented heights. The memecoin community is abuzz with speculation, and we predict a 30% surge, forecasting a potential climb to $1 this week, assuming favorable market conditions. This rumor alone underscores the influence of strong fundamentals on Dogecoin’s market dynamics. The adoption of Dogecoin’s mascot by a government entity could cement its position as more than just a memecoin, bringing it closer to mainstream acceptance. Technical Analysis: Dogecoin’s technical indicators paint an equally bullish picture: 1. Relative Strength Index (RSI): Currently at 53, the RSI suggests that CRYPTOCAP:DOGE is neither overbought nor oversold, positioning it for a potential upward trend. 2. Volume Consolidation: Recent consolidation in trading volumes indicates an accumulation phase, often a precursor to a significant price movement. 3. Key Resistance Levels: A break above the one-month high of $0.43 could ignite a bullish spree, potentially setting the stage for a rally to $1. 4. Bullish Pattern: The 6% intraday price increase forms a bullish engulfing pattern, signaling strong buying momentum. Dogecoin’s Resilience and Appeal Dogecoin’s origins as a light-hearted, community-driven cryptocurrency have always set it apart. Created in 2013 by Billy Markus and Jackson Palmer, the Shiba Inu-themed coin quickly gained traction as a fun alternative to Bitcoin. Its accessibility and widespread appeal have made it a favorite among retail investors and crypto enthusiasts alike. Elon Musk’s support has further amplified Dogecoin’s popularity. As a vocal proponent, Musk’s tweets often trigger significant price movements, underscoring his influence on the cryptocurrency. Live Market Data - Current Price: $0.374961 - 24-Hour Trading Volume: $10,393,354,812 - Market Cap: $55,387,458,154 - Circulating Supply: 147,715,336,384 DOGE - 24-Hour Performance: Up 1.10% Conclusion: Is Dogecoin Ready for the Next Big Leap? Dogecoin’s recent developments and technical indicators suggest a bullish outlook. The rumored association with the Department of Government Efficiency could provide the fundamental catalyst needed to propel DOGE into a new phase of growth. Coupled with favorable technical signals, Dogecoin is poised for a trend reversal that could lead to significant gains. Investors and traders should keep a close eye on key resistance levels and market sentiment in the coming days. If the rumors prove true, Dogecoin’s journey from a meme to a mainstream cryptocurrency may reach new heights.
Long
by DEXWireNews
Dogecoin: Trading What You See, Not What You Hope ForThe crypto world is buzzing about the acronym D.O.G.E., with many hoping this hype will ignite a massive price explosion for Dogecoin. However, the market has repeatedly failed to deliver. In fact, every rally this year has been met with heavy selling. As I often say, " trade what you see, not what you dream of ." And from a purely technical perspective, what I see for Dogecoin right now doesn’t look promising. A Look Back: The Trump Pump and the Aftermath Dogecoin experienced a massive pump last year, fueled by Trump’s presidential election win. But after the initial euphoria, the market cooled down, and Dogecoin entered a correction phase. Leading up to Christmas, the price even temporarily dipped below the horizontal support level at $0.35. While the start of 2025 brought a recovery above this support, bulls have struggled to maintain their gains. The Current State of Dogecoin Even the brief spike two days ago, which initially looked promising, was quickly reversed. As of now, Dogecoin has returned to this critical $0.35 support line, showing continued weakness. What’s Next? Given the current price action, my expectation is that this support will eventually give way. If that happens, we could see Dogecoin drop to around $0.26, a level that might offer stronger support. The Bottom Line Dogecoin’s technicals suggest caution, not optimism. While the D.O.G.E. hype might tempt some into dreaming of another rally, the charts tell a different story. If you’re trading Dogecoin, stay focused on the reality of the price action and be prepared for potential downside. As always, trade wisely and stick to the facts, not the fantasies.
Short
by Mihai_Iacob
2
An Educational Journey into Technical Analysis with Dogecoin/USDIn this tutorial, we'll dive deep into the art of technical analysis using the Dogecoin USD chart as our canvas. You'll discover how to blend Fibonacci tools, Elliott Wave Theory, and the Wyckoff Method to forecast potential market movements. Whether you're new to trading or looking to refine your analytical skills, this guide will provide you with practical insights into identifying entry and exit points, understanding market phases, and preparing for future trends. Let's embark on this educational journey together to enhance your trading strategy toolkit. When in doubt, Zoom Out! Below I was looking at Arguments for a Significant Short Position Before the Continuation of the Bullish Trend and the Pursuit of New All-Time Highs Elliott Waves: From the bear market bottom at 4.5 cents, we started wave 1 and concluded with wave 5 at the current top. Following five waves, we expect an ABC correction. Waves A and B have been completed, and we are now in wave C. Fibonacci 1: Trend-Based Fibonacci Extension - From the all-time high (ATH) to the recent bear market bottom, then to the current 48-cent top. The 0.382 Fibonacci level suggests a target of 0.2130 for the upcoming drop, which I believe is necessary for liquidity ahead of the next upward movement. Fibonacci 2: Regular Fibonacci Retracement - From the bottom of wave 4 to the top of wave 5, the 0.618 level is at 0.235 cents. I've marked a green box between these two targets. See in the image below how Backtesting this strategy on the two previous cycles shows that before breaking ATHs, Dogecoin always hit this 0.382 Fib level! I use these 2 Fibonacci targets to place the green box between them and where I expect price to go in the newxt couple of weeks. Additional Observation: The green line below the 0.618 Fib retracement and above the 0.382 trend-based Fibonacci extension also marks a retest of the wave 3 high at 0.23 cents. Now that we've examined the macro perspective, let's Zoom In to the current action: Wyckoff Schematic: Check my previously published idea on Bitcoin, linked here, where Bitcoin is in a Wyckoff Distribution Schematic #1. Dogecoin seems to follow with Wyckoff Distribution Schematic #2. I've added vertical lines for phase separation, a red resistance box, and a green support box. Link to Richard D. Wyckoff, his Method and Story www.wyckoffanalytics.com . ABC Pattern: Wave A from top to bottom is exactly 0.222 cents or -45.81%, suggesting wave C should be of similar magnitude. Wave B measures 0.1724 cents and 65.65% to the upside. Using an arrow tool, the 0.222 cent drop points exactly to the 0.382 Fibonacci target from the trend-based extension we did in the macro analysis, now highlighted in yellow. Link to chart. Zooming in on the 4-hour Chart: I've drawn another Fibonacci retracement just for wave B, colored in turquoise blue. Notably, the 1.272 Fibonacci extension aligns with our macro 0.382 Fibonacci target, now colored yellow for clarity. Speculations for Future Moves: Fibonacci Circle and bottom timing prediction: Drawn from A to B, this circle in orange might help us predict when we hit the green box target at the bottom. Considering that the A drop measures exactly 12 days and 4Hours I have added another vertical line now marking a timeframe of 5 days from Thursday 30 January to Monday 3 February 2025 This is speculative but worth watching. It includes also a weekend so a CME gap before weekend plus filling the week after could also be in play. Wyckoff Phases: According to earlier discussions, we're moving through phases A to E. I've added a vertical line where the Fib circle crosses our 1.272 and 0.382 Fib levels, suggesting we'll enter phase E on January 23, 2025, potentially concluding by February 2, 2025. Predictive Arrows: Blue arrows indicate possible future price movements based on current patterns. After hitting our target, I'll analyze again and publish a new idea with plans for breaking the ATH and targets for the anticipated bull market. Enough for now, as it's getting late. Give me a follow, share if you liked this analysis, and stay tuned for updates.
BINANCE:DOGEUSDEducation
by Candle_Styx
2
SHIB1000USDT: Reversal or Breakdown? 📉 BYBIT:SHIB1000USDT.P is currently trading at a critical support zone around 0.019900 USDT . After multiple tests of this level, buyers are stepping in, but is it enough to trigger a rally? --- 🔑 Key Levels: Support: 0.018347 USDT — the last support level, a breakdown here could lead to further downside. 0.019825 USDT — current liquidity accumulation area. Resistance: 0.022000 USDT — the first target in case of a bounce. 0.026403 USDT — a liquidity zone that could act as a magnet if the price breaks through local resistances. --- 🚩 Trading Strategy: Entry Point: - Consider a long position if 0.019825 USDT holds with increasing volume. Stop-Loss: - Below 0.018347 USDT to minimize risks in case of a breakdown. Take-Profit Targets: 0.022000 USDT — first target for partial profit-taking. 0.026403 USDT — potential target if a bullish impulse kicks in. --- 📈 Technical Analysis: The price is testing a support level with repeated buyer reactions. A breakout could trigger a recovery phase with potential movement towards 0.026403 USDT. If the support fails, a drop to 0.018347 USDT is likely. --- 💡 Conclusion: The price is at a crossroads: a bounce could yield great profits, but a breakdown could spell trouble. Stay alert! What’s your take? Waiting for a retest or already in? Let’s discuss in the comments! 🚀
BINANCE:1000SHIBUSDT.PLong
by Max_Pr0fit
USDT.D : Roadmap For crypto market with USDT Hi Friends, As you can see in the Tether chart, we did not reach the previous low, but Bitcoin managed to experience its highest price. This is also a type of negative divergence. Please be very careful with Bitcoin. The market is very emotional. SecondChanceCrypto ⏰ 20/Jan/25 ⛔️DYOR Always do your research. If you have any questions, you can write them in the comments below and I will answer them. And please don't forget to support this idea with your likes and comments.
CRYPTOCAP:USDT.DLong
by Secondchancecrypto
1
Alikze »» DOGE|Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D 📣 BINANCE:DOGEUSDT 🟢 It is moving in an ascending channel that has had positive reactions to the trend line several times. 🟢 It is currently in the important area of ​​39 cents. If the price can stabilize above the 39 range, it can touch the nearby targets of 43 and 48 cents. 🟢 Therefore, by stabilizing in the 39 cents area, it will be able to break the supply area for the mentioned nearby targets. 💎 BINANCE:DOGEUSDT in the weekly timeframe: 💎Considering that in the weekly timeframe, Dogecoin has succeeded in breaking the triangle density, therefore, Dogecoin can continue its growth in this upward rally to the height of the triangle, which this growth from the golden area of ​​the previous wave can touch the target of the previous major ceiling and the $ 1.2 range. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
1
DOGE Potential 40% Increase Current Price Action: Dogecoin is trading at a critical support zone around $0.39, which previously acted as resistance. After breaking out of a rising wedge, the price retested the support, forming a potential base for another rally. 📈 Why a 40% Increase is Possible: 1️⃣ Strong Support Levels: The $0.38–$0.39 zone shows buying interest, creating a foundation for upward momentum. 2️⃣ Key Resistance Levels: A move above $0.42 could open the path toward $0.55, representing a ~40% increase from current levels. 3️⃣ Market Sentiment: Increased trading volume and positive momentum across the crypto market could further fuel DOGE's rally. 📌 What to Watch For: Confirmation of support holding at $0.38. Breakout above $0.42 for bullish continuation.
Long
by Charts_M7M
Update on Doge!BINANCE:DOGEUSDT last time we talked about Doge,The price was at the bottom but now It's reacting as expected to the first Major resistance. the price might wanna extend further but the resistance must be broken in order for us to be sure! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by Cryptonic_Trading
Nobody appreciates it !!!As I analyzed earlier, the price has increased, and now the price has broken through two ascending patterns of a triangle and a cup and handle. Now it's time for another rise, but if it were that easy, everyone would be wealthy. I think the price will fall below the support line of the triangle due to the liquidation of traders and then increase towards the target. So be caeful. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
DOGE to $1.16 is ProgrammedHistory doesn't repeat itself, but it often rhymes. Donald Trump, who is to assume office in a few days time, is an avid proponent of cryptocurrency. This entire bull run of 2024-2025 is based on memecoins, and it's hard to deny that attention will be shed on DOGE, the OG memecoin. From a technical analysis perspective, Dogecoin demonstrates perfect bounces off support and resistance of the fibonacci retracement levels. Drawing levels from its all time highs of 2021 to the lows of 2023, we have seen DOGE's impulsive and corrective waves perfectly strike the fib levels. Wave 1 formed its high at the 0.236 fib resistance, and wave 3 formed its high at the 0.618 fib resistance. We have recently seen local lows form at the 0.382 fib support, before a 12% spike in a single day. Given that extended wave 5s aren't unusual in the cryptocurrency space, and based on fractals from historical price action, it is not unreasonable to assume that DOGE can reach the 1.618 fibonacci resistance at $1.16, though I believe such highs may be short lived.
Long
by Michael_Wang_Official
DOGE on next leg up, as predictedI have been charting DOGE for years now. I called the crash from 80cents area and chart is linked below. I have been charting it since then and called most of the moves accurately. What we have now for DOGE is on this 5 day chart (right chart) it is at the similar stage as per the last cycle where red arrow is. Target is the rectangle box above. DOGE should hold the EMA21 on it's parabolic move up. Don't forget to smash that rocket like button.
BINANCE:DOGEUSDLong
by Pro_Trader_HTBB
3
DOGE Accumulates at $0.41: Bulls Eye $0.445 Targets!DOGE/USDT 4H Chart Analysis Market Structure: Current Price: $0.41. DOGE is in a clear accumulation phase, supported by institutional activity in the $0.36-$0.38 zone. Key Levels: Support: Accumulation zone: $0.36-$0.38. Resistance: T1: $0.425. T2: $0.445. Momentum Indicators: RSI: At 59.28, showing hidden bullish divergence, signaling strong potential for continuation. Volume Profile: Recent spikes in volume suggest institutional buying pressure. Trade Setup: Entry: $0.408-$0.412. Targets: T1: $0.425. T2: $0.445. Stop Loss: $0.388 (below the accumulation zone). Risk-to-Reward: Favorable with strong support levels holding. Confidence Level: 8/10 for bullish continuation. Market Maker Activity: Accumulation: Institutional buying is evident in the $0.36-$0.38 zone, preparing for a push toward higher price levels. Expectation: Price likely to target premium zones above $0.42, with market makers driving the trend. Considerations: Volume confirmation: Ensure continued strong buy volume near $0.42 for a successful breakout. Support integrity: Monitor the $0.408 level to ensure it holds for bullish momentum. Resistance reaction: Be cautious around $0.425-$0.445 for potential pullbacks or consolidations. This setup indicates a bullish continuation to $0.425 and $0.445, with accumulation driving the next leg up.
Long
by Cryptokijker
DOGE’s Next Move: Key Levels to WatchAfter a remarkable bull run from September to December 2024, DOGE concluded its rally with a rising wedge pattern, a sign of exhaustion. This structure also marked the completion of a 5-wave Elliott structure. The breakdown from the wedge came with a clean retest, followed by a significant drop. Current Market Outlook The new year began with a bullish rise, reaching the 0.618 Fibonacci retracement level at $0.364 (drawn from the high at $0.48434 to the low at $0.26216), a great short setup. Presently, DOGE appears to be forming an ABC corrective structure, with wave C in progress. Additionally, a Head and Shoulders pattern is developing, with the neckline sitting close to the yearly open at $0.316. Support and Confluence Zones 1.) Fibonacci Level: The 0.618 Fibonacci Retracement of the 5-wave structure is positioned at $0.2353, which aligns with the Head and Shoulders target for strong confluence. 2.) Fair Value Gap (FVG): There is an unfilled FVG and November’s untested high at $0.22888, which adds significant support confluence. 3.) Trend-Based Fib Extension: Using the Trend-Based Fib Extension from wave B, the 0.786 Fib lies near the $0.2353 - $0.22888 range for further alignment. 4.) Monthly Level: The monthly level at $0.22 strengthens the case for this zone being a critical support area. 5.) Fib Speed Fan: If price drops to the $0.2353 - $0.22 region between January 17th and the end of the month, the 0.75 Speed Fan Fibonacci will also align with the support zone, further emphasising its importance as the fair value trend line. Trade Setups Short Setup: Entry: Around the $0.397 0.618 Fib Retracement level Stop Loss: Above $0.43 Take Profit: Targeting around $0.25/24 Risk-to-Reward (R:R): ~5:1 Potential Long Setup: Entry: Within the $0.2353 - $0.22 support zone (confirmation needed) Stop Loss: Below $0.22 Take Profit: Targeting around $0.275
Short
by SiDec