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Dogecoin has fallen by 7% in the past 24 hours, yet one analyst is predicting that the coin is at the beginning of a cycle that will see it push towards $8.50. The post Is Dogecoin About to Explode? Analyst Predicts 4,250% Surge to $8.50 appeared first on Cryptonews.
Dogecoin (DOGE) has taken a sharp hit, losing 57% of its value over the past three months as large holders offload their positions. While DOGE remains a well-known meme coin, its reliance on hype and lack of real utility have made it vulnerable to market shifts.
Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels.
The Dogecoin price has crashed over 12% in the last day, providing a bearish outlook for the foremost meme coin. This price crash has occurred due to several factors including the bearish sentiment following the White House Crypto Summit.
Bitcoin drops to $81K as Trump's Bitcoin Reserve order fuels uncertainty, liquidations, and market panic.
The market turbulence has continued to weigh down Dogecoin (DOGE) and the top altcoins. As of press time, Dogecoin was trading at $0.1745, down by 5.85% in 24 hours, per data from CoinMarketCap.
Crypto prices and stocks alike are falling Monday, with Bitcoin diving as traders react to President Trump's recession comments and more.
As the situation on the cryptocurrency market continues to be difficult for most people to understand, at least in the fundamental field, the only thing that continues to provide clarity is the price chart and the behavior of battle-tested indicators.
DOGE slides to $0.17 as whale sell-offs outweigh accumulation, casting doubt on a $0.20 recovery.
During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?
The crypto market cap continued to decline over the weekend as major cryptocurrencies extended their losses after investors were disappointed by Donald Trump's strategic Bitcoin reserve. A wave of uncertainty caused by new US trade tariffs also impacted investor sentiment.
A recently published Dogecoin (DOGE) chart by analyst Paul (@Zig_ZagTrades) suggests that the popular meme-based cryptocurrency could slide as low as $0.12 in a final corrective phase before attempting a significant rebound. The 1-day chart, shared on X, outlines a textbook Elliott Wave structure that Paul interprets as a larger (A)–(B)–(C) correction, culminating in a potential Wave 2 near the $0.12–$0.15 region.
Dogecoin (DOGE) and Shiba Inu (SHIB), popular meme coins in the cryptocurrency market, are at a critical point, as the year unfolds. With their quick rise driven by strong community support and social media buzz, these altcoins have gained the attention of traders.
Amid ongoing market uncertainty, the largest Dogecoin (DOGE) whale has begun showing interest and making a big move. On March 10, 2024, a prominent crypto analyst shared a post on X (formerly Twitter), revealing that the largest DOGE whale has accumulated a significant 1.7 billion meme coins over the past three days.
Big moves in the crypto world often get attention, but this one stands out. A staggering 360 million Dogecoin (DOGE), worth around $62.67 million, has just been transferred.
Dogecoin's price has dropped to $0.17 while active addresses surged 270%, with whales accumulating 1.7 billion DOGE as analysts watch key support at $0.16.
Amid the broader crypto market correction, the Dogecoin price has also tanked over 9% today testing its crucial support levels at $0.16. However, on-chain activity suggests that the positive momentum for DOGE could resume soon amid a 270% surge in active addresses over the last 24 hours.
Traders are now in a wait-and-watch mode as they approach the coming months, mainly eying macroeconomic data and decisions for cues on further positioning.
Dogecoin has dropped nearly 11% in the past 24 hours to $0.17, its lowest price since early November, and is down 30% over the last month.
Dogecoin (DOGE), the first cryptocurrency born from a famous internet meme, transitioned from a satirical jab at bitcoin to a globally recognized digital asset with a loyal community and real-world utility.
Influential cryptocurrency analyst Ali Martinez anticipated a significant rebound for Dogecoin (CRYPTO: DOGE) despite the market slump on Sunday. What Happened: Martinez, known for spotting chart patterns and issuing price predictions, said in an X post that Dogecoin was nearing a critical support level at the lower boundary of the ascending channel.
Dogecoin's price has struggled to reclaim the $0.20 level, with the meme coin slipping below this key threshold in recent trading sessions. After a brief attempt to push higher, Dogecoin has found itself consolidating close to $0.17, which is an important support level.
The recent White House Crypto Summit has affected major altcoins, leading to notable price declines and market shifts. What are the top crypto losers of the week?
Popular altcoins like Dogecoin and Cardano each dropped by more than 10% on Sunday before recovering slightly.
