Dogecoin Outpaces Bitcoin with 180% Post-Election Boom. When $1?In a much-wow fashion, Dogecoin DOGEUSD broke out of the pack with a 180% post-election rally. It did way better than Bitcoin BTCUSD . But what’s really behind the speculative gains and is there more room for growth? Like, say, can Dogecoin hit $1? It’s a possibility. Let’s dig into it.
We’ve all heard about Bitcoin BTCUSD — the orange coin that shook up the fabric of global financial markets and rewired how we think about money and investments. But a small yet mighty cryptocurrency is befriending the small yet ambitious trader.
Dogecoin DOGEUSD , the people’s digital asset and Elon Musk’s favorite coin, has posted some howling returns after Election Day vaulted Donald Trump to the top job in American politics. The Shiba Inu-themed coin has soared 180% since November 5, outperforming the big guy Bitcoin with its 30% rise for the same time span.
How did that happen? It’s mostly Elon Musk and his lofty aspirations for Dogecoin. “Supporting Doge wherever possible,” the Tesla boss said back in 2022. Conveniently placed front and center for the meme-loving crowds, this iconic meme token is easy to scoop up in boatloads, empowering retail investors with a feeling of accomplishment. Dogecoin’s price was last seen floating near 40 cents, up from 15 cents before the election result.
Bitcoin, on the other hand, is priced at just under $90,000 , powering higher in a record-setting run, and that makes it look much less affordable and less likely to appeal to retail traders. But looking at the plain price tag is misleading without factoring in the market cap, which shows you how much the token is worth.
In Dogecoin’s case, the 40 cents translate to something big. It’s no joke. Even though the sole purpose of Dogecoin was to be a joke. Back in 2013, Dogecoin was created as a satirical homage to Bitcoin. But if that coin back then had a puppy-like valuation of a couple millions, today it’s a $60 billion unleashed beast that's ready to chew up and spit out your portfolio. It holds about 2% dominance of the overall crypto market cap and it's worth more than Ford F , which churns out annual revenue of $180 billion and boasts a 121-year history.
Now digital-asset enthusiasts, especially the Dogecoiners around, are pinning their hopes on the iconic duo in the making — Donald Trump and Elon Musk. The two billionaires have apparently teamed up for the good of the crypto industry. Long story short — traders are betting on a crypto boom under President-elect Donald Trump.
And Dogecoin might get pulled into the mix. Elon Musk has already openly stated he’d be happy to get involved with politics. But not just any politics. DOGE politics. And it’s official — Trump said late Tuesday he’s tapping Elon Musk to lead a new department aptly called Department of Government Efficiency, or DOGE. The Tesla CEO will be joined by Republican presidential candidate Strive Asset Management co-founder Vivek Ramaswamy.
“I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”),” Trump said in the announcement , posted on his social media platform Truth Social.
The duo is teaming up to “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” the President-elect added.
All actions of the Department of Government Efficiency will be posted online for maximum transparency,” Musk said on his X platform . “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for the most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining 🤣🤣”
Given Musk’s unfaltering devotion to Dogecoin, it’s not unrealistic to predict a function for his beloved token in the newly-whipped-up department. In this context, a $1 price tag, according to many crypto faithful, might actually come to fruition at some point in the foreseeable future, propelling the cryptocurrency to a $130 billion market cap.
But with all that hype, it could be difficult to go beyond the chatter and think clearly. And on the flip side, it may look easy to buy a dog-themed coin and retrieve some of those gains you see on the screen. Be careful, though — chasing down that game could lead to Great Dane-gers.
Do you own any Doge? Or are you looking to buy if you’ve missed out on the red-hot beast-mode rally? Share your thoughts below and let’s spin up the discussion!
DOGEWORLD_30CEB8.USD trade ideas
DOGEUSD Its Parabolic Growth Channel targets minimum $3.500.Dogecoin (DOGEUSD) is having an excellent bullish run since our last buy signal (October 17, see chart below), hitting all targets in the process:
As the price broke above Resistance 2 as well, we now zoom out to the long-term charts again (1W time-frame) where Doge's historic trend is more clearly displayed. The underlying pattern that it may have gone unnoticed is a Parabolic Channel, which we call Doge's Parabolic Growth Channel (PGC).
This Channel encompasses all of Doge's Cycles and only broke once (to the upside) peaking during last Cycle's mania (April 2021). Furthermore, this week the 1W MA50 (blue trend-line) will complete a cross above the 1W MA200 (orange trend-line), forming the 1W Golden Cross, technically a very bullish pattern.
The last time this was formed was on the week of December 28 2020, right when the Bull Cycle's Parabolic Rally (green Rectangle) started. That reached the 1.618 Fibonacci extension and as mentioned rose even further, breaking above the PGC. The 1.618 Fib is of high importance as this is where the January 01 2018 High of the first Cycle was priced.
At the same time, the 1W RSI is already on a Bullish Cross since the week of October 07 2024, which is exactly what happened again during the previous two Cycles, where it preceded the Golden Cross of the price.
As a result, we believe that Doge has started its Parabolic Rally, the final and most aggressive part of the Bull Cycle, and based on the previous 1.618 Fib peaks, we are expecting at least a $3.500 High.
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👇 👇 👇 👇 👇 👇
DOGE UP DOGE UP
The weekly chart for Dogecoin/USD shows a breakout above the key resistance level at $0.2215, indicating the potential for the price to target higher levels. The current bullish momentum supports the outlook for a continued rise toward the next target at $0.3559.
DOGE - You Want It BIG Enough to Matter But NOT too Big It HurtsCouple weeks ago gave the buy for DOGE about the same time that Bitcoin was trying to break out. The breakout has happened but right into resistance, so what to do now?
There were a couple long setups that formed prior to taking this trade via inside bullish pinbars on the weekly chart. I always start with the weekly because you can get a good idea of order flow from it.
With Bitcoin and others looking bullish I went ahead and told our group I was buying some DOGE. Not a huge amount, but an amount that would matter if it was a winner winner chicken dinner.
The key in position sizing is that you want a position that is large enough it makes a difference when it wins, but no so big you get crushed when it doesn't. Always measure your risk.
So I threw $1500 at DOGE which was enough that if DOGE was a 4-5 bagger, I made a nice little meaningful profit, however if it went to 8 cents, $750 was not going to kill me.
I bet as if I want to go out for a nice steak dinner at Bern's or Charlies, but not so big I can't buy McDonalds if I LOSE. I don't want to be for McDonalds to begin with.
Even though DOGE is hitting resistance, I am more interested in buying more, not getting out. Sure you can trim out a little and take a profit here. Nobody lost money selling at a profit to early. BUT I believe this is just the start of a broader move so I am looking at adding to positions not get out.
There are a few more coins I am looking at but we need to be patient. Anyways will post in my group if an when I take additional trades.
SIZE MATTERS!
Dogecoin Analysis: Potential Cup and Handle Formationhello guys.
Pattern Identification: This chart suggests a potential "Cup and Handle" pattern, often considered a bullish continuation pattern. The rounded base forms the "cup," followed by a consolidation phase that could complete the "handle."
Support Levels:
The range between $0.05 and $0.07 shows strong historical support, providing a base for the current uptrend.
Additional support is seen around the 0.382 Fibonacci level, at approximately $0.0889, which aligns with previous resistance and current price action.
Resistance Targets:
If the handle pattern completes and breaks upwards, Dogecoin could potentially reach $0.38 and $0.52 as intermediate targets.
A breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, aligning with the higher resistance levels shown.
Outlook: A successful completion of this pattern might signal a bullish reversal for Dogecoin, but confirmation is needed. If it fails to hold support levels, the price could retest lower levels, particularly near the 0.618 Fibonacci retracement.
Doggy Style- I mostly use some specific projects to try to predict the next " Altcoin Rally ".
- I typically use Cardano or Doge because they are older and I can use indicators from earlier times.
- Yes doge is meme, but all altcoins are also Memes until they have a real use case right ?
- so you remember this BTC post i made in 2022 ? ( please check it )
- So this is almost exactly the same but with this graph i use :
- Tenkansen ( Yellow line )
- SenkouSpan ( Green line )
- so now check the compressing descending trend.
- check now both lines ( Yellow and Green ).
- Notice when the yellow line cross down the green, we go bear.
- Notice when the yellow cross up the green, we go bull.
- So what we can deduct? - Altcoins are not yet Bullish.
- But remember Altcoins will go parabolic at one point and you want to be there!
- When? - anyone knows the exact date but you need to understand " The Delay ".
- i will post in comments same chart but i will use BTC with same technic and you will get that BTC is already bullish.
Happy Tr4Ding !
DOGECOIN CONFIRMS WEEKLY GOLDEN CROSS (November 10, 2024)In this video, I look at a couple of bullish signs happening with our pi cycle top indicator & of course I include the weekly golden cross, which just closed!!!
Triangle breakdownHello you all would have seen the bull run I had predicted long time back ... Beware I am expecting a fall in crypto currency all, Are forming negative patterns at the top ... stay away from the trap
Gautam Khanna
GK trade Manthan
6 month bullish timelineI'm not trying to make my chart go famous. So no technical talk here. You know if you know. We have been waiting for this moment. It's time for a repeated timeline or the beginning of a new pattern.
Also, please keep the market cap argument in your wallet. Stop making that argument as if Doge never passed previous bitcoin highs, a corporation's market size, a nation's GDP, etc. Liquidity =/= market size.
Dogecoin - Get In Now Before It Hits $10!Dogecoin ( CRYPTO:DOGEUSD ) is about to repeat another bullish cycle:
Click chart above to see the detailed analysis👆🏻
Dogecoin just broke out of the previous bear market triangle pattern and is starting its next major bullrun. Looking at market structure, price action and previous cycles, Dogecoin could even hit two digits after is manages to break above the all time high. You know what's possible.
Levels to watch: $0.1, $0.2, $0.5, $10
Keep your long term vision,
Philip (BasicTrading)
DOGE cup an handle potentialCould there be a massive cup and handle potential for DOGE forming? The outline is there. But, it seems too bullish to stop there. This is certainly on the table of possibles, but we'll see what the outcome is. I'm still bullish on DOGE and will be up until the end of the year. But, we'll see what happens. Follow for more.
DOGEUSD targets $4 around August 2025As previous data indicates, DOGEUSD will reach to 1.618 log scale fib level in August 2025 which is $4.00.
Dogecoin pump this weekend perchanceI think dogecoin might break .22 resistance this weekend, Sat oct 9th and Tues 12th look like good times to run. Doge was at 50bill+ cap already without all the dope new recent developments, not too many haters and bears lately.
Breaking .22 will be much wow and super soon I think of course dont sue me i'm not your advisor or daddy.
GL Bulls and eat a wizard finger bears.
DOGE seasonDoge MVRV score is nowhere near the half of a overbought MVRV score. The top of this bull run will be epic. 1.5$/DOGE is my least bear case.
My entry is at 13 cents in Future trade.
Holding spot bags in wallet strong.
DOGE , prepare for next surge?DOGE has been in a consolidation phase since June 2024, fluctuating between 0.10 and 0.13. We're waiting for a breakout above 0.13, which aligns with the 200MA, to signal a potential bullish surge.
DOGE - Fractals & LevelsDoge invokes the emotion of LOVE.
BTC = Fear & Greed.
Love is the Answer according to the old hippies!
Doge Set to Rally After the Election!DOGE is showing potential for a strong move post-election, with traders anticipating increased volatility and upward momentum. Key levels and sentiment shifts will be crucial to watch as the market reacts to election outcomes.
Can DOGE Repeat Its Legendary Rally?
DOGEUSD is currently in a strong bullish momentum, supported by multiple technical signals aligning in favor of the bulls. The Signal Builder previously flashed buy signals, which were followed by a consistent upward trajectory.
Key Factors:
Bullish Ribbon and Support Rebound
The price is decisively trading above the EMA ribbon, indicating a sustained bullish trend. Notably, the recent rebound from the critical support level at 0.060 acted as a launchpad for this upward move, confirming its validity as a strong demand zone.
TSI (True Strength Index) Confirmation
The TSI has not only crossed above the zero line but also established a pattern of higher lows, signaling increasing bullish momentum. Historically, this indicator alignment has preceded significant upward moves in DOGE.
Fibonacci Extension Targets
If we project the previous bullish wave onto the current setup, similar conditions suggest potential targets at 0.800 and 1.280, derived from the 1.618 Fibonacci extension. These levels align well with historical resistance and psychological thresholds, making them logical points for profit-taking.
The market structure and the current momentum favor continued bullishness, provided DOGE maintains its position above the EMA ribbon. Watch the price action near key levels for confirmation of further upside potential.
👨🏻💻💭 What do you think? Are we ready for another Doge rally? 🚀 Drop your thoughts and let’s ride the wave together!
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I love dogs Dogecoin to 1.74Who doest like dogs? Looks like we had in the past a beautifull 5 waves up. Consalidating down but now looks like we will go right up again this alt season. Manage risk and see where we will go amigos.
DOGECOIN! TIME FOR A SHOW AROUND THE CORNER.Hello traders, after a long break, time to dust off your wallets ;)
We are starting the race for the best currency after Bitcoin.
DOGE takes second place in the top ten, after Goatseus Maximus, a cryptocurrency promoted by artificial intelligence, which has risen by over 40%.
It is worth noting that dogecoin peaked at $0.2156, the highest since early April. At this peak, this meme coin saw an increase of over 51% from its lowest level last Sunday.
The reason dogecoin is doing so well is that Elon Musk, the CEO of Tesla (NASDAQ:TSLA), X and Space X, has become one of Donald Trump’s most vocal supporters in recent weeks.
Musk has often said that dogecoin is his favorite cryptocurrency. The billionaire also designed the Department of Government Efficiency, a new government agency aimed at making the US bureaucracy more efficient, with the acronym DOGE in a deliberate nod to the meme coin.
It is therefore possible that DOGE will continue to rise if Trump's victory is confirmed and the Department of Government Efficiency becomes a reality. In the meantime, volatility may accompany us.
considering the time since the Bitcoin halving, which is 6-7 months, we can count on some earnings with great certainty/
- Of course, this is not an encouragement to invest, but only a curiosity.
Regards and I encourage you to follow.
Doge: Could history repeat itself?The last cycle and current cycle are looking extremely similar. Price finally decided on a direction, and it has been a ripper so far. Overlaying the parabolic run from last cycle may give us some ideas. Will it play out exactly? No one knows. Will there be pullbacks along the way? you bet your behind. I am gearing up for BTFD and have accumulated a little bit outside of the box. But I am not going to risk it all by going all in all at once. I will set stop loss even if it is a little far away from the liquidity grab areas...
DOGE x100 Trade In Play: x25 Profits Left. DOGE Update 🚀: After entering at $0.1, we’re now at $0.4, but there’s even bigger news beyond the price movement.
DOGE isn’t just a meme coin anymore—it's officially part of U.S. politics! President-elect Donald Trump announced the formation of the US Department of Government Efficiency, aka "D.O.G.E." with none other than Elon Musk set to lead it alongside former candidate Vivek Ramaswamy.
Their mission? Slash government waste, post spending reports, and let citizens vote on “insanely dumb” budget items. Following the announcement, Dogecoin spiked 20% before cooling off, reminding us that the DOGE rollercoaster is far from over. Even with the hype dips, DOGE has gained 300% since Trump’s election win.
With my $10 target in sight, there’s still a 25x potential from current levels.
Previous DOGE charts:
Stay tuned!
