DOGE midterm potential #DOGE / USDT
DOGE is the leader of meme coins in cryptocurrency market
Forming falling wedge on weekly TF with potential round bottom pattern formation in midterm
Keep your eye on it
Dogecoin
Doge is overbought but could get a strong push DOGE is showing lots of strength in aligning itself with politics. Speculatively the utility of Dogecoin depends on the result of the elections however the risk is still there. From a price action perspective, the price is very extended to the upside making the way down possible. Momentum and trend oscillators are also overbought however it is possible to see one more move up into the extreme territory. Buying into a structure a setup can consider healthy risk management is the best option for a fresh long.
Memecoin SuperCycle started with $Doge #Dogecoin is the pioneer of memecoin culture, Supercycle will witness further sharp rises with #doge
Dogecoin (DOGE) Soars 11 Percent as All Eyes Turn to US ElectionIn the wake of U.S. election uncertainty and volatility surrounding Mt. Gox wallet activity, Dogecoin ( CRYPTOCAP:DOGE ) has emerged as a standout performer, soaring 11.3% over the past 24 hours. While leading cryptocurrency Bitcoin (BTC) slipped below $67,000, CRYPTOCAP:DOGE capitalized on favorable market sentiment and specific bullish catalysts, positioning itself as the biggest gainer in the market.
Election Impact and Speculation
The current market environment is fraught with uncertainty as investors keep a close watch on the high-stakes presidential election. Speculation surrounding a potential Donald Trump victory has introduced a fresh narrative into the crypto world, particularly for Dogecoin ( CRYPTOCAP:DOGE ). Crypto analyst and trader Satoshi Flipper suggests that a Trump win could spark a massive CRYPTOCAP:DOGE rally, possibly pushing the meme coin's price to $1. This projection is partly tied to the involvement of Tesla and SpaceX CEO Elon Musk, a known Dogecoin advocate, whose political and market influence could drive DOGE even higher.
On Polymarket, a leading crypto prediction platform, Donald Trump’s winning rate has climbed, adding a layer of intrigue to the market. Yet, despite this increase, Bitcoin has struggled, erasing recent gains and failing to break through significant resistance levels. DOGE, however, appears to be bucking this trend, benefiting from Musk's continued engagement and growing investor optimism.
Technical Analysis
Dogecoin's technical setup paints a picture of a bullish continuation, supported by a series of positive price actions. After breaking out from a descending channel, CRYPTOCAP:DOGE has been trading in an upward direction, forming a broadening wedge and an ascending triangle pattern. Both of these formations traditionally indicate bullish momentum, suggesting that the rally may have further to run.
Key levels to watch include strong support at $0.16490. If this level holds, the next resistance sits at $0.19432. A successful break above this resistance could propel Dogecoin toward $0.20251, its next upside target. The broader technical landscape remains favorable, with robust on-chain activity and a surge in buying pressure.
Whale Activity and On-Chain Metrics
The fundamentals behind Dogecoin’s rally are equally impressive. According to data from IntoTheBlock, CRYPTOCAP:DOGE has experienced a substantial increase in whale activity. The Whale Netflow metric indicates a net inflow increase from 45.3 million CRYPTOCAP:DOGE to 431.3 million CRYPTOCAP:DOGE , marking a staggering 957% rise. This suggests that large investors—holding over 0.1% of Dogecoin's total supply—are accumulating significant amounts of the meme coin, a strong bullish indicator.
Such whale accumulation patterns are often seen at market lows and typically signal confidence among major holders. The data further reveals that a net addition of 620.84 million CRYPTOCAP:DOGE to wallets owned by key market players underscores the growing belief in DOGE’s upward trajectory. Even though some of these holdings have shifted, net inflows remain positive, reinforcing the strength of the bullish momentum.
Market Sentiment and Trading Volume
Dogecoin's recent rally is backed by high trading volume, with a 24-hour volume of $3.68 billion and a market cap of $25.95 billion, placing it as the eighth-largest cryptocurrency by market capitalization. The steady increase in trading volume and price over the last 24 hours reflects renewed investor interest, fueled in part by macroeconomic events and speculative factors related to the election.
Looking Ahead: Will DOGE Reach New Heights?
As analysts and traders continue to watch Dogecoin’s price action closely, the general sentiment remains optimistic. Should the market dynamics align favorably, particularly with external catalysts like the U.S. elections, DOGE may have the momentum needed to test new resistance levels. The confluence of technical patterns, whale accumulation, and speculative interest provides a solid foundation for a continued rally.
Investors are advised to monitor key support and resistance levels and remain informed about broader market conditions. As the U.S. presidential election draws nearer, the narrative surrounding Dogecoin’s potential continues to captivate both retail and institutional investors.
Understanding the Dogecoin Hype: What Sets It Apart from BitcoinWhile Bitcoin, the cryptocurrency titan, Dogecoin, the meme coin birthed from a joke, has defied expectations and surged upwards. This unexpected surge has piqued the interest of investors and crypto enthusiasts alike, prompting the question: Why is Dogecoin rising while Bitcoin is falling?
The Elon Musk Factor
One of the primary drivers of Dogecoin's price surge is the unwavering support of tech billionaire Elon Musk. Known for his penchant for cryptocurrencies and his playful tweets, Musk has repeatedly endorsed Dogecoin, often referring to it as his "favorite cryptocurrency." His influence over social media and his massive following have propelled Dogecoin to new heights, attracting a dedicated community of "Dogecoin Army" supporters.
The Meme Coin Phenomenon
Dogecoin's rise can also be attributed to the broader meme coin phenomenon. Meme coins, often born from internet memes and viral trends, have gained significant traction in recent years. These coins, including Shiba Inu and Pepe Coin, have capitalized on social media buzz and community-driven enthusiasm. Dogecoin, as the original meme coin, continues to benefit from this trend.
Diversification and Risk Appetite
As Bitcoin's price fluctuates, investors may seek diversification within the cryptocurrency market. Dogecoin, with its relatively low price and high volatility, can be an attractive option for those looking to speculate and potentially earn significant returns. Additionally, as the broader cryptocurrency market matures, investors are becoming more comfortable with risk, leading to increased interest in meme coins like Dogecoin.
The Role of Exchanges and Trading Platforms
Cryptocurrency exchanges and trading platforms have played a crucial role in popularizing Dogecoin. By listing Dogecoin and providing trading pairs with major cryptocurrencies, these platforms have made it easier for investors to buy, sell, and trade the coin. The increased liquidity and accessibility have contributed to Dogecoin's price surge.
The Future of Dogecoin
While Dogecoin's future remains uncertain, its recent price surge highlights the unpredictable nature of the cryptocurrency market. The coin's success is largely driven by social media sentiment, Elon Musk's endorsements, and the broader meme coin phenomenon. As long as these factors remain positive, Dogecoin could continue to defy expectations and achieve new heights.
However, it's important to note that investing in cryptocurrencies, including Dogecoin, is highly speculative and carries significant risks. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
In conclusion, Dogecoin's rise amidst Bitcoin's fall can be attributed to a combination of factors, including Elon Musk's support, the meme coin phenomenon, diversification, and increased liquidity. While the future of Dogecoin remains uncertain, its recent performance has demonstrated the power of community and social media in shaping the cryptocurrency market.
$Doge 3D;CRYPTOCAP:DOGE 3D;
After the red downtrend breakout, we see that the confirmation for the uptrend with MSS has also been received. Then, with the support from the IMB zone, we can expect the rise to continue up to $0.2144.
With closes above this level, the next target will be $0.34.
It is normal to experience pullbacks after each target. These levels can be considered as profit sales and declines as re-entry zones.
#doge #elonmusk
Will Dogecoin continue its growth? Let's find out!Dogecoin (DOGE) has surged by 10% in the past 24 hours, emerging as the top performer among the top 10 cryptocurrencies. This rally follows the November 2 Doge Day celebration, which honored Kabosu, the Shiba Inu behind the original meme and a nod to Elon Musk’s influence on Dogecoin.
The primary catalyst appears to be the traditional Doge Day celebration pump, with the Dogecoin community recently adopting a second Doge Day celebration in Q4 since 2023. Additionally, Elon Musk’s vocal support for US Republican candidate Donald Trump has likely bolstered interest in DOGE, aligning it with the influence Musk holds within the community.
Weeks after the celebration last year, the cryptocurrency’s price went from $0.076 to $0.10. Since the price is increasing now and decoupling from the market, it appears that DOGE could be following a similar pattern.
On the chart, Dogecoin has been forming a bullish flag pattern.
If confirmed, the bullish flag could indicate that DOGE’s price is preparing for another surge, potentially driven by the recent catalysts mentioned above. Should that be the case, Dogecoin’s price might increase by 30% and hit $0.19 from the recent local bottom at $0.15.
On the other hand, external factors like a loss for Donald Trump could trigger a sell-off as Elon Musk’s Dogecoin impact might not be able to help the coin keep its strength. In that scenario, the price might drop to $0.17.
Dogecoin Huge Breakout - $1 Moonshot Ahead! DOGE Coin CRYPTOCAP:DOGE has just completed a powerful technical breakout after bouncing off strong support, surging beyond its long-standing consolidation channel. This move signals a potential start of an exciting bullish trend that traders and investors have been eagerly awaiting. The breakout has been confirmed by significant volume, adding credibility to the potential for further gains in the coming days.
The growing hype around MEME Coins is providing additional momentum for $DOGE. With widespread community enthusiasm and continued support from influential figures like Elon Musk, the coin could see rapid upward movement. The upcoming U.S. elections might also act as a catalyst, influencing CRYPTOCAP:DOGE ’s price action as broader market sentiment plays a role.
In terms of price targets, CRYPTOCAP:DOGE is currently eyeing $0.20 in the short term. For the mid-term, traders should watch for potential moves toward $0.50, while long-term expectations are set around the highly anticipated $1 mark. With such high targets, CRYPTOCAP:DOGE may see explosive gains, but as always, risk management is crucial. Setting a proper stop loss is essential to protect against volatility, ensuring you ride the wave while keeping your capital safe.
Given the strong technical breakout and current market conditions, something big seems to be on the horizon for $DOGE. Buckle up, because the next move could be massive!
Give me some energy !!!As you can see, the price has broken the head and shoulders pattern and is ready to rise. However, if the price can break through the wedge, we will see a good price increase. From a technical perspective, if these possibilities happen, the price will rise to the 0.618 Fibonacci line. Give me some energy, please!!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DC. $0.0014 price target.The falling wedge, as one of the basic patterns for this chart, is an excellent indicator of where the price will go in the medium term. Also, I noted potential trading levels, which in turn are resistance and, in the case of a bullrun and continuation of the upward trend, will be support levels.
DC. Patterns in price action.Quite an accurate test of the descending channel after breakout. Pay attention to the moving averages and probable price action. The patterns in price action may be similar. DC is on the cusp of global growth.
DOGEUSD: 1D Golden Cross calls for a massive rally.Dogecoin is bullish on its 1D technical outlook (RSI = 61.126, MACD = 0.011, ADX = 42.839) and is close to forming a Golden Cross on the 1D timeframe. That would be the first one since a year ago (November 2023) and technically it is a very bullish signal. The RSI pattern prompts to the November 2020 Golden Cross, which was formed also after a series of Golden Crosses since 2019 and after a Channel Down, which when broken to the upside initiated the massive rally of 2021. We can say that a 'conservative target' now is the 2.0 Fibonacci extension (TP = 0.64200).
See how our prior idea has worked out:
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DOGE Breakout Alert!Ready to ride the DOGE waves?
Here’s the scoop: if DOGE slips under $0.14, we could see a mellow glide down to $0.10. But if we catch some momentum and pop past $0.165, we’re in for a serious ride to $0.1756 and possibly cruising up to $0.1879! Hang loose and stay tuned for the moves!
Kris
#DOGE/USDT#DOGE
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1420
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1475
First target 0.1568
Second target 0.1650
Third target 0.1728
DOGE DOGECOIN Rejection and Support after Hello, dear HODLers!
This is Dogecoin, the biggest memecoin, on the weekly chart. Notice the price rejection at the 78.60% Fibonacci level for the coin's entire history—this is a strong level. We had a few days above this level, but now it's moving below, which could indicate a bull trap. We should wait for the weekly close before drawing any conclusions.
If the weekly close is above this level, higher prices are likely. However, if the weekly close is below, in my opinion, there are two key support levels to watch: first, the 200 MA, and then the green trendline, which has held for over two years. Both of these support levels are significant.
Let's see how this week closes. Feel free to leave any comments or questions.
Thank you for reading, and stay safe!
Analyzing Dogecoin (DOGE) on the 1-hour timeframeAnalyzing Dogecoin (DOGE) on the 1-hour timeframe, the price is approaching a resistance level marked by the pink zone. A breakout above this resistance could lead to a move towards the target area indicated by the blue zone.
Key Points:
Current Resistance: Pink zone on the chart.
Potential Target: Blue zone above the current resistance.
Action Plan: Monitor for a confirmed breakout above the pink zone before considering a long position towards the blue zone.
Always ensure proper risk management and wait for clear confirmation before entering a trade
DOGEUSDT Channel Breakout to the Up SideOn the daily timeframe, DOGEUSDT has broken and closed above the channel, signaling a bullish trend. Additionally, the price has moved above the previous high, indicating a potential shift in market structure. Last week, the market demonstrated strong bullish momentum by breaking out of the consolidation zone. Given these bullish indicators, the price may continue to rise, with the target being the resistance zone around 0.15860
Dogecoin: Elon Musk Wins Lawsuit Over PAC’s $1M Voter GiveawayIn a turn of events that's stirring both the political and crypto worlds, Elon Musk has scored a legal victory amid mounting controversies over his $1 million voter giveaway initiative. This comes as the U.S. election looms, with Musk's Political Action Committee (PAC), America PAC, under scrutiny for potentially swaying voters through financial incentives. While Philadelphia District Attorney Larry Krasner's efforts to halt the campaign have faced judicial setbacks, Musk's influence continues to ripple through the markets, notably impacting CRYPTOCAP:DOGE , a cryptocurrency closely associated with the Tesla CEO.
Legal Rulings and Election Implications
As of October 31st, Pennsylvania state judge Angelo Foglietta has allowed Musk's giveaway to proceed, pending further federal review. Krasner argues the PAC’s financial incentives could unduly influence the election process, citing the giveaway as potentially illegal under state consumer protection laws. However, Musk's defense frames the case as one raising federal questions around free speech and voter engagement, maintaining that the initiative falls within legal bounds as it targets voters in seven key swing states, including Pennsylvania, Arizona, and Michigan.
Federal prosecutors have issued warnings over the initiative, suggesting it may conflict with laws against compensating voters. Critics further question the transparency of Musk’s campaign, particularly concerning how recipients are chosen and how collected data is managed. Compounding the scrutiny, Musk has voiced support for Donald Trump and allocated substantial PAC funds to mobilize Trump’s base, with reports indicating over $120 million spent on outreach campaigns and social media efforts.
Musk’s Influence and CRYPTOCAP:DOGE Price Action
With Musk's prominent role as a driver of Dogecoin’s market value, his involvement in U.S. political controversies is also affecting CRYPTOCAP:DOGE ’s price action. The announcement and ongoing legal proceedings initially sparked volatility, as traders awaited clarity on Musk’s standing and broader market sentiment. Currently, CRYPTOCAP:DOGE is down 2.83%, yet technical indicators suggest that Musk's legal stance and the upcoming election could renew upward momentum if positive news emerges.
Despite recent downward pressure, CRYPTOCAP:DOGE ’s Relative Strength Index (RSI) holds at 63, signaling resilience within a still-active bullish trend. Moreover, the cryptocurrency’s price pattern showcases a symmetrical triangle, a technical structure typically indicative of a possible breakout. With the 63 RSI level implying remaining buyer interest, CRYPTOCAP:DOGE could shift positively if Musk’s influence within the crypto space is reinforced by the PAC’s successful performance or favorable election outcomes.
Analyzing CRYPTOCAP:DOGE ’s Technical Setup
As CRYPTOCAP:DOGE trades within a bullish symmetrical triangle, there are signs of an impending price move. Key support levels include $0.15, while resistance at the upper triangle boundary may test CRYPTOCAP:DOGE 's rally strength. If Musk’s influence reignites bullish sentiment in CRYPTOCAP:DOGE , the breakout from this pattern could result in substantial gains for holders. As the election and PAC developments unfold, Musk’s advocacy for CRYPTOCAP:DOGE , coupled with his high-profile election activities, are set to keep CRYPTOCAP:DOGE traders closely watching.
The Bottom Line
With Elon Musk entangled in election-related legal proceedings and Musk’s America PAC controversy looming large, the impact on CRYPTOCAP:DOGE remains a focal point for traders and enthusiasts alike. For those tracking CRYPTOCAP:DOGE , the correlation between Musk’s actions and the crypto’s price movement underscores his ongoing influence. As the election nears and the legal landscape shifts, Musk’s success in court may very well align with CRYPTOCAP:DOGE ’s next breakout, potentially providing significant opportunities for the coin’s traders.
SasanSeifi| Dogecoin on the Rise? Hey there, ✌ In the daily timeframe, Dogecoin BINANCE:DOGEUSDT has entered a ranging phase following a lengthy downtrend, effectively maintaining the vital support level at 0.90 cents. As depicted in the chart, the downtrend line has been decisively broken, with the price currently trading around 0.11300. This shift may signal a potential reversal in market sentiment.
🔶If Dogecoin manages to maintain the crucial range between 0.10000 and 0.096, it is expected to target short-term goals of 0.12500 and subsequently aim for the 0.14 to 0.15 cent range. These levels are pivotal for reinforcing a bullish trend.
🔵As the price progresses, it’s crucial to observe Dogecoin’s reaction around the 0.12500 level and the liquidity zone at 0.14. The expected trend is outlined in the chart, and the overall outlook currently leans bullish. Nevertheless, vigilance regarding market volatility remains essential.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
BTC/USD : To The Moon ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after our last analysis, Bitcoin rose over 10%, climbing from $66,500 to $73,600, now within just $100 of its all-time high. Following this move, Bitcoin saw a slight correction down to $72,000, and I still expect the previous high to be broken soon, with Bitcoin reaching higher levels. The next bullish targets are $77,000, $81,700, and $93,800.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
DOGEUSDT more gain Hello and greetings to all my valued followers and crypto enthusiasts. In this IDEA, I aim to provide some points and overview of the DOGEUSDT’s position. 🙌🐋
Its technical chart shows a steady upward trend, and it is currently positioned in an ascending channel. The most important support levels have been marked for you on the chart, and if new volume is injected into the market, we can expect a significant upward movement. 🚀📚
In the event of a decline, the target is indicated with a lighter arrow on the chart. ❌❗📚
🧨🧨🧨 Our team's main opinion is for further upward movement, with the possibility of observing neutral and ranging candles shortly. 🧨🧨🧨
some more fundamental and interesting point for DOGEUSDT:
Dogecoin boasts a vibrant and supportive community, which is one of its most distinguishing features. This community is composed of enthusiastic members who not only invest in and trade Dogecoin but also actively promote it across social media platforms and forums. They share memes, organize events, and spread awareness about the coin, helping to create a positive and welcoming atmosphere for both newcomers and seasoned investors. 📚💡
Moreover, this community is deeply involved in charitable initiatives. Over the years, Dogecoin supporters have rallied together to fund various causes, from sponsoring dog shelters to supporting educational projects and disaster relief efforts. This commitment to giving back enhances the coin's image and demonstrates the potential of cryptocurrencies to drive positive change. 📚💡
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Pepe | Meme Season Confirmed First Dogs then Apes and now its Frog mania ! Gentlemen welcome to crypto world. Pepe just hit a new ATH
The price of Pepe is $0.00000075 today with a 24hour trading volume of 140 million dollar. This represents a 125% price increase in the last 24 hours and a 1260% price increase in the past 13 days
PEPE is a memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s
0.0000004 to 0.0000008 was an easy trade and dont forget stop loss when you trade meme coins
Wen Pepe Inu !
#DOGE/USDT is up 123% already. It's just getting started!I posted about DOGE on August 9th when it was trading around $0.104, recommending an accumulation zone on the chart. The trigger zone was set at $0.11, and DOGE has since broken above long-term resistance, retesting the new support level for weeks.
If you bought the dip, you're likely seeing around a 123% profit from the low. Even if you didn't catch the exact bottom, most are sitting on 70%-90% gains, depending on the entry.
Here's why I believe DOGE can still perform well and possibly reach $1 in the coming days:
1. **Breakout Retest:** DOGE has broken out of its long-term accumulation channel and is now retesting that breakout.
2. **Weekly Doji:** A strong weekly Doji recently formed, suggesting increased buying pressure.
3. **Elon Musk Factor:** Musk could push DOGE again, potentially after this year's U.S. presidential election.
4. **Key Moving Averages:** DOGE is trading above the 200 EMA and is holding above the 100 EMA, signalling strength.
5. **RSI Indicator:** With an RSI around 55, there’s still plenty of room for growth.
6. **MEME Coin Season:** MEME coins, led by DOGE, are thriving this season, and the next bull run could further boost DOGE.
7. **Bullish Indicators:** Several technical signals suggest a potential bullish move.
My Plan: I’m holding DOGE on spot for the next 6 months and accumulating on any dips.
Remember, this isn’t financial advice. Do your own research before making any decisions.
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What do you think—can DOGE 5x from here, or is it just hype? Let me know your thoughts, and hit the like button if this was helpful!
