TronWeekly

Crypto World News

You are here: Home / Archives for Dogecoin News

Dogecoin News

DOGE Coin Millionaire Turns PEPE Rich After Losing DOGE Fortune in 2021

by

  • Glauber Contessoto, once a DOGE coin millionaire, has bounced back with over $1 million in PEPE spread across six wallets. 
  • He switched from Ethereum to PEPE in February 2025 after ETH dropped from $3,800 to $1,555, citing PEPE’s strong meme appeal and cultural edge.

DOGE coin millionaire Glauber Contessoto is back to making huge profits from crypto, but this time, it’s from a different meme coin. In early 2021, Contessoto made a huge bet on DOGE and made huge profits before the market crashed. Apparently, he put in about $180K into Dogecoin and turned it into $3 million only to watch it crash to about $200K when the market tumbled.

Now he’s back in the spotlight and riding a new meme-coin hype on PEPE. He’s using the lessons from his past experience to avoid the same mistakes and is carefully plotting his next move.

DOGE Coin Millionaire Shifts Memecoin Buy Strategy

According to his X post, Contesoto now holds over $1 million worth of PEPE spread across six wallets. He still owns his original 5 million DOGE, currently valued at around $990,000. Earlier in February, he switched his Ethereum holdings to PEPE after watching ETH fall from $3,800 to $1,555 over the course of 11 months. According to him, his decision to switch assets came from his convictions on PEPE in terms of memecoin. He believes it’s one of the few meme tokens with the DOGE level of recognition.

He also likes PEPE’s tone and edge, saying it captures the real, raw side of online culture in a way that DOGE doesn’t. Looking back, he admits holding meme tokens for too long during the last bull market and regrets not cashing out sooner. He now understands that buying is simple, but selling at the right time is tough.

Learning from experience, he plans to sell half of his DOGE by the end of 2025, aiming to avoid past mistakes.

More Reading: VIRTUAL Shows Signs of Recovery: Is a Bullish Breakout at Hand?


Dogecoin’s Bullish Momentum Builds Near $0.19 Threshold

by

  • Dogecoin’s RSI hitting 50 signals a bullish pattern, hinting at potential rallies near $1.
  • Key resistance at 50-day MA must break for DOGE to target $0.21, $0.25, up to $0.45.
  • DOGE trades near $0.19, stuck between $0.18-$0.19, awaiting a breakout above 50 EMA or breakdown below $0.18.

Dogecoin (DOGE) price appears poised for a significant upward move, according to analysts tracking its repeating price patterns and momentum indicators. Current technical setups hint that DOGE could revisit the $1 milestone, driven by recent Relative Strength Index (RSI) positioning, fractal symmetry, and key moving averages.

The 3-day RSI for Dogecoin has recently returned to the 50 level, a threshold it reached before previous price rallies. Analyst Trader Tardigrade highlighted that past DOGE rallies consistently occurred when the RSI hovered around this mid-range. This recurring pattern has been visible across many months, suggesting its reliability.

A recent tweet from Trader Tardigrade signals a possible bullish reversal for Dogecoin. The coin is retesting its earlier swing low, while the RSI forms a higher low, indicating a bullish divergence. This divergence signals waning bearish momentum, suggesting sellers are losing control.

GsoxGwzasAMxxf6

Monitoring Breakouts for Dogecoin’s Next Move

Over the last two months, Dogecoin has consistently found support near the $0.185 level, with a recent noticeable bounce from this floor. However, the 50-day moving average (MA 50) currently acts as resistance, capping price gains. Analyst Jonathan Carter emphasized that a decisive move above MA 50 could shift the trend positively.

If DOGE breaks above the 50-day moving average, several targets come into $0.21, $0.25, $0.31, $0.36, and $0.45. These targets align with historical resistance zones and volume clusters seen on the daily charts. A sustained move past $0.25 could open a path toward $0.45, and eventually refocus attention on the $1 level.

GshGkEpW0AAZbyV

Supporting the bullish outlook, a recent analysis noted Dogecoin exiting Base 3 of a parabolic structure, with Base 4 above $1 as the next target. Analysts also mention key liquidity around $0.187 and highlighted targets between $0.313 and $0.3597. A breakout past these could trigger momentum toward $0.40 and beyond.

The Dogecoin price is still close to $0.19, indicating that there is a status in the market as it is locked within a tight band from $0.18 to $0.19. The coin is a bit above the 100-day exponential moving average (EMA) which indicates a slow pace of a trend and the process to make the gains permanent. By moving sideways, the market situation is telling us there is either accumulation or no clear trend yet.

DOGEUSDT 2025 06 05 09 00 04

Without a breakout or surge in volume, DOGE’s current holding pattern could continue, with mild downside risks in the short term. Traders should monitor for a decisive break above the 50 EMA or a breakdown below $0.18 to confirm the next directional move amid broader crypto market uncertainty.

Read More: Dogecoin Price Forecast: Elon Musk’s Exit From Government Could Trigger 40% Rally

Dogecoin Chart Repeats 2017, 2021 Patterns — Is a Major Surge Coming?

by

  • Dogecoin trades near $0.228 and approaches the upper line of a wedge pattern.
  • Similar wedge formations in 2014–2016 and 2018–2020 led to big price jumps.
  • Traders expect a breakout soon, with some predicting Dogecoin could reach $1.

Dogecoin is once again drawing attention as technical signals on its weekly chart suggest a familiar pattern might be forming. A crypto analyst known as “Surf” recently posted an update on X, pointing to a potential breakout setup that looks similar to earlier ones that sent the coin surging in the past.

For context, the coin’s long-term chart shows a falling wedge that formed between 2014 and 2016, setting the stage for a surge in 2017. A second wedge followed from 2018 to 2020, leading to the historic run in 2021. Now, with a third wedge forming, hopes are rising that history might be gearing up to repeat.

With Dogecoin trading at around $0.228, the price is sitting near the upper boundary of the wedge. According to past trends, breaking that upper line could lead to a strong upward move.

DOGE 6
Source: Surf

Market watchers are talking about the coin potentially hitting $1, a level many in the community have long hoped for. Responding to Surf’s analysis, one user said there’s “not much work left to be done before [Dogecoin] takes off.” Another X user, Mark, commented, “$1 is a magnet,” with Surf replying in full agreement. 

Trader DK64Trades added more fuel to the bullish fire. He pointed out a key signal — whenever Dogecoin crosses above the 200 moving average on higher time frames, a strong rally usually follows. This, he believes, could push the coin beyond the $1 level during this cycle.

Dogecoin Bearish Signals Hint at Correction

At the same time, some warning signs remain. As of now, Dogecoin is priced at $0.228 and has shown a string of Doji candles over the past four days. These usually signal indecision in the market. It continues to hold above a $0.20 support level, with the 200-day Exponential Moving Average acting as another support at $0.2178.

DOGEUSD 2025 05 27 15 08 56
Source: TradingView

However, a double top pattern — often a bearish signal — has formed around the $0.25 supply zone and a resistance trendline stretching back to December. If DOGE closes below the neckline of this pattern at $0.2145, it could fall further, possibly revisiting the May low of $0.1667.

Adding to that pressure, the MACD indicator has moved beneath its signal line. That, along with bearish histograms, suggests sellers may have the upper hand for now. The Relative Strength Index has also dropped to 57, signaling fading strength among buyers.

If DOGE breaks above its current trendline, though, attention could shift to the $0.30 level. That mark has acted as both a support and resistance point in the past and might be a key target if momentum flips.

Read More | Crypto Kidnapping Cases Surge Globally, Binance Report Reveals

Dogecoin Eyes $0.30 as Bullish Flag Pattern Signals Breakout Potential

by

  • Dogecoin rebounded to $0.226 on May 21 after dipping from a high of $0.24.
  • Bullish flag and triangle patterns suggest breakout targets between $0.30 and $0.37.
  • 200-day EMA at $0.21 holds firm; RSI at 59 signals room for further upside.

Dogecoin is showing signs of renewed strength after a rollercoaster week. On May 14, 2025, the token touched a high near $0.24. By May 17, the price dipped slightly to just above $0.21. As of May 21, it has climbed back to $0.226, reflecting a daily increase of 1.49%. This swing in price has sparked fresh analysis about the coin’s next direction.

One of the key signals catching attention is a Bullish Flag pattern forming on the two-hour chart. This setup, identified by World of Charts, appears after a sharp rise followed by a short pullback in a downward channel. 

“$DOGE on verge of another breakout,” the analyst noted, adding, “Formed bullish flag, expecting move towards $0.30 after successful breakout.” A clean break above the flag could trigger a 33.33% price jump from current price levels.

DOGE
Source: World Of Charts

Support for this optimism comes from other technical patterns as well. Analyst Trader Tardigrade has highlighted a converging triangle taking shape on the daily chart. These setups, often seen before steep climbs, place potential breakout targets between $0.35 and $0.37. The triangle is situated just under the $0.25 level, a key area traders are watching closely.

On-Chain Trends Favor Dogecoin Rise

Beneath the charts, on-chain data is providing more signs of bullish pressure. Data from Coinglass’s OI-Weighted Funding Rate shows positive rates for Dogecoin. The current figure for DOGE stands at 0.0094%, indicating that traders holding long positions are paying short sellers. In crypto markets, that dynamic usually signals confidence in higher prices ahead.

DOGE 6
Source: Coinglass

Meanwhile, activity among dormant addresses has picked up, suggesting that long-time holders are beginning to move their DOGE. This kind of movement, paired with positive funding rates, has been a common pattern before earlier upswings.

There’s also notable behavior around Dogecoin’s long-term technical support. Over the past week, the coin has tested its 200-day Exponential Moving Average several times. This level, sitting at $0.21, has acted as a solid floor. The token is currently trading just above it, holding steady for now.

Upside Potential With Support Intact

If that support holds steady, Dogecoin might rise around 20% from its current position. That would bring the price near $0.27, which aligns with the 50% Fibonacci retracement level drawn from its August 2023 low of $0.05 to the December 2024 high of $0.48. This midpoint level often acts as a magnet for price.

DOGEUSDT 2025 05 21 16 16 11
Source: TradingView

The Relative Strength Index on the daily chart reads 59, putting it above the neutral line of 50. That points to continued buying strength, though not yet in overbought territory. It gives the bulls more room to run.

On the other side, if Dogecoin breaks below the 200-day EMA and fails to recover quickly, the price could slide further to its next weekly support level of $0.18.

Read More | Fetch.ai (FET) Forms Bullish Pattern: Cup & Handle Hints at $1.40 Rally

Dogecoin Price Breaks Out, Eyes $0.30 Rally Soon

by

  • Dogecoin breaks the bullish wedge pattern at $0.1750, signaling a strong trend reversal with increased buyer volume and market momentum.
  • RSI at 61.60 suggests bullish strength without overbought pressure, an ideal setup for a potential rally toward the $0.30 resistance zone.
  • Price consolidates above $0.22 support, forming a base that may serve as a launchpad for DOGE’s next upward surge.

Dogecoin (DOGE) is showing strong bullish signs after experiencing a technical breakout, which is igniting fresh investor interest. Currently, DOGE is trading at $0.2242, has a 24-hour trading volume of $1.79 billion, and has a market capitalization of $33.47 billion.

The 24-hour price change is up 2.61%, while the wider weekly valuation is registering price consolidation close to higher levels, which is a pattern that typically precedes more robust bullish continuation.

DOGE 1D graph coinmarketcap 1
Socure: CoinMarketCap

DOGE Breaks Out, Bulls Target $0.30

On the 4-hour chart, Dogecoin most recently crossed above a falling wedge structure near $0.1750, which is an upside-down or bearish pattern that generally predicts continuation or reversal of an ongoing trend.

The crossover was supported by higher trading volumes, which validated buying interest. The price jumped strongly after the breakout to about $0.1900 before registering signs of possible pullback at $0.1800 to retest the previous resistance trendline as support.

Investors observing DOGE are looking to the $0.22 zone as an area of consolidation, which currently is acting as interim support. The zone is significant in that it could be used as the platform from which DOGE’s next leg higher is launched.

The Relative Strength Index (RSI) stands at 61.60, which is a level that is indicating bullish momentum but not yet in an oversold position. Such is generally viewed as an optimal technical position for instruments ready to embark on a new upmove. Volume profile also confirms the bullish case, with a spike on breakout and continued interest thereafter.

A typical post-breakout pattern is back to the breakout price level, in this case, at $0.1800, before continuing higher. Traders are said to be taking on positions at these levels, waiting for an upside rally to the $0.30 resistance, which is an estimated 60% gain from the breakout level.

image 259 4
Socure: X

Over the past month, DOGE has fluctuated between $0.1400 and $0.2000, establishing a wide consolidation band. The recent breakout and price action above this range suggest a potential trend shift in favor of bulls. With a strong base forming around $0.22 and resistance levels gradually giving way, the momentum appears to be shifting.

Although optimism abounds about reaching $0.30, it is crucial to be mindful of crypto market volatility. Retracements and surprise changes remain likely, particularly considering larger market changes.

Yet, current indicators, past price action, and increased volume indicate that Dogecoin could be starting to find itself in an emerging growth phase, subject to confirmation of support levels in the coming days.

Related Reading | JPMorgan CEO Confirms Clients Can Buy Bitcoin, But No Custody Services Offered

Dogecoin Faces Critical Test At $0.214, Breakdown Could Trigger Steep Drop

by

  • Dogecoin is holding slightly above $0.214, a level that, if lost, could lead to further decline.
  • If Dogecoin falls below $0.2135, the price could crash down to $0.20 or $0.19.
  • The price needs to move above $0.222 and $0.2307 to break out of the current downtrend.

Dogecoin is showing signs of weakness as it sits just above a key price level that could trigger a further fall. The coin has lost most of the strength it built in late April and early May. After briefly pushing higher earlier this month, Dogecoin started to retreat, and now it’s under pressure again.

According to RLinda, a crypto analyst on TradingView, Dogecoin is testing a crucial level at $0.214. She called it a “retest of the panic zone.” If the price closes below this level, especially beneath $0.2135, a stronger downtrend could follow. That would clear out long positions and invite more sellers into the market.

The last bullish stretch ended between May 9 and 11, when the price touched the $0.26 area. RLinda described that range as the final part of a distribution phase. Since then, the coin has formed lower highs, showing signs of a correction phase. This pattern has formed a triangle on the 2-hour chart, a common sign of weakening momentum.

DOGE
Source: TradingView

Support and Resistance Levels Under Pressure

If the triangle structure breaks down, RLinda believes this could confirm stronger bearish sentiment. She warns this would open the door to deeper targets around $0.20, and even down to $0.19 if the pressure continues.

On the other hand, Dogecoin needs to reclaim resistance levels at $0.222 and $0.2307 to avoid this setup. Holding above $0.23, with consistent price action, could cancel out the current bearish tone.

Without that recovery, the downside remains open. The $0.2145 and $0.2135 levels are the final key supports preventing further declines. A close below $0.2135 would likely push the price into a lower trading zone, with limited support until around $0.20126 or $0.19298. The next few sessions could decide the direction.

Not all analysts are bearish. Another market watcher, Henry, sees a familiar pattern forming: accumulation, breakout, and then re-accumulation. He argues that if Dogecoin can stay above $0.22, a run toward $0.28 is possible. Henry also pointed to the daily chart where the MACD has flipped bullish again—similar to what happened before earlier rallies.

Dogecoin 13
Source: Henry

Signs of Buyer Strength Emerge

At the moment, the meme coin is hovering around $0.22, showing a slight gain of just over 1% in the past day. This small rise isn’t enough to call it a bullish reversal, but it shows that buyers are not completely out of the picture. If this trend holds, there may be a stronger attempt at recovery.

Still, the situation remains fragile. The coin is walking a thin line. A firm bounce from this area could revive bullish hopes, but a slip below could open the gates for further losses. RLinda made it clear that without a confirmed move above resistance, the trend is still tilted toward sellers.

While the broader sentiment is cautious, price action around $0.22 will likely shape the near-term outcome. For now, Dogecoin traders are watching that zone closely, waiting for the market to make its next move.

Read More | Ethereum Faces Resistance as Whales Offload $17.76M ETH

Dogecoin (DOGE) Breakout Brewing—Will It Hit $0.306 Soon?

by

  • Dogecoin forms a descending triangle with stable support at $0.215, indicating a possible breakout.
  • A confirmed breakout above $0.228 could trigger a rally toward $0.306 — a 38% gain.
  • Whale wallets added over 1 billion DOGE recently, now holding 25.97 billion tokens in total.

Dogecoin (DOGE) may be on the verge of a significant price move, according to chart analysis shared by market analyst CW. On May 18, CW posted a 4-hour chart of DOGE/USDT showing a descending triangle formation, often considered a precursor to a breakout.

The triangle pattern is forming with a series of lower highs and steady support around the $0.215 level. This structure signals a squeeze in price action, which typically results in a sharp move once a breakout occurs. CW chart shows that the price is nearing the apex of the triangle, suggesting a decisive breakout could happen soon.

DOGE’s short-term convergence breakout is imminent,” CW said.

Dogecoin
source: CW

According to CW, a break above the triangle’s resistance line could push DOGE up toward $0.306. This target is based on the height of the triangle, measured from the widest point of the pattern and added to the breakout level.

“If the convergence breakout is achieved, further rise to the $0.306 level is possible,” CW noted. The move would mark a 38% gain from the current trading range.

Bullish Momentum Builds for Dogecoin

At the moment, Dogecoin trades at $0.223. It has risen 2.96% over the past 24 hours and now stands above its 200 EMA, currently set near $0.216. That moving average serves as a critical support level and gives bulls confidence in holding their positions.

A clear push above $0.228 is seen as a confirmation level. If that happens, DOGE may then aim for the next resistance zone around $0.265, with $0.3 becoming a strong psychological and technical target after that.

DOGEUSD 2025 05 18 15 17 21
Source: Trading View

Volume has remained steady, and recent candles on the chart reflect growing buyer interest. If that buying pressure continues and is paired with a surge in volume, the price could break higher faster than expected. No signs of weakness have appeared yet.

Supporting the positive outlook, the Relative Strength Index (RSI) now reads 60.21. That places Dogecoin firmly in bullish territory but not at the point of being overbought. A reading above 50 suggests strength, and being under 70 shows that there’s still room for more gains. There’s no indication yet of a reversal on the horizon.

Whale Activity Signals Rising Confidence

Beyond the charts, on-chain data backs the growing optimism. Over the past month, major Dogecoin holders—commonly referred to as whales—have accumulated over 1 billion DOGE. These large wallets now control around 25.97 billion tokens. This increase in holdings is often seen as a sign of confidence, with accumulation hinting at expectations for a price rise.

Dogecoin 12
Source: Ali_Charts

Clear support levels are in place if the price sees a decline. The $0.216 level, which matches the 200 EMA, is the first safety net. If the price slips below that, there is added support at $0.205, matching the 100 EMA. A deeper decline that holds below $0.202 could erase the bullish setup and push the coin into another phase of sideways movement or even losses.

All signals, however, point upward at the moment. The $0.228 resistance is the line to watch. A confirmed move past that could ignite a rally toward the long-watched $0.3 mark, a level Dogecoin hasn’t reached in months. With momentum building and whales positioning, the coin appears set for a possible breakout.

Read More | PEPE Whale Buys $22 Million Worth of Tokens during memecoin market price drop

Dogecoin Gains 41% in a Month, Futures Data Suggests It’s Not Topping Yet

by

  • Dogecoin rose 41.18% in a month as trade war fears eased and crypto rebounded.
  • Whales added over 1 billion DOGE recently, bringing holdings to nearly 26 billion tokens.
  • Bull flag pattern suggests DOGE may hit $0.95, implying a possible 300% gain.

Dogecoin has surged 41.18% over the past month, fueled by easing trade war concerns and fresh momentum in the broader cryptocurrency market. The sharp rise has caught analysts’ attention, with many believing the upward trend still has room to run.

Analysis from CryptoQuant contributor burakkemeci points to a pattern that repeats during Dogecoin price peaks. A recent post shows that these tops often appear when there’s a spike in retail futures trading. Burakkemeci’s chart links these surges to intense activity in the futures market, especially from individual investors placing short-term bets.

Red bubbles in the chart show where retail speculation spikes. These red zones tend to match up with previous price tops, hinting that this kind of activity could signal an overheated market. The presence of these bubbles at price peaks suggests that too much trading by smaller investors could be a warning sign.

On the other hand, the same chart includes green and pink bubbles representing quieter retail activity. These areas lineup with more stable and healthier price behavior. Burakkemeci points to these times as possibly better for entering the market. 

Dogecoin 10
Source: CryptoQuant

Neutral Futures Zone Leaves Room to Climb

Though the price has recently surged, current Dogecoin futures activity still sits in a neutral zone. This lack of excessive trading from retail investors implies that a blow-off top has yet to form. According to the analysis, this may leave more room for Dogecoin to climb.

Adding strength to the current rally, Dogecoin’s on-chain activity and whale behavior show strong support. In a tweet posted by Ali Martinez, whales — large holders of the token — have added over 1 billion DOGE to their wallets in the past month. This brings their total to nearly 26 billion DOGE. Their accumulation indicates rising confidence from major investors and adds fuel to the bullish narrative.

The network has also grown more active. Daily transaction volume has neared $549 million, while the number of active daily addresses climbed to 69,200. These figures point to increased participation and utility, which often contribute to a healthy price surge.

Dogecoin 11
Source: Ali_Charts

Dogecoin Bull Flag Points to 300% Upside

A technical outlook from Bitcoinsensus supports the idea that Dogecoin’s rally may not be over. The analyst describes a clear pattern playing out on the weekly chart. The coin has been moving in impulsive waves, separated by short pullbacks — a setup that mirrors classic “bull flag” behavior.

Each breakout from this pattern has topped the previous one. The first major wave brought a 90% rise. The second gave traders a 215% gain, and the third delivered a jump of 440%. DOGE is now in wave 4, having just broken out of descending channel.

Dogecoin 10
Source: Bitcoinsensus

The analyst from Bitcoinsensus believes that the breakout could set the stage for a strong rally, with $DOGE aiming for a target of $0.95. That would mark a potential gain of over 300% from current levels. Chris, another analyst, forecasted a potential run to $1 before the end of summer.

As Dogecoin rides this wave of optimism, traders and investors are being reminded that watching futures activity — particularly surges in retail participation — could provide early warnings before any major reversals. For now, DOGE still has room to move, but all eyes remain on the signals flashing behind the price.

Read More | Dogecoin News: Major ETF Update, Active Addresses Surge 528% – Price Set To Follow?

Dogecoin Weekly Overview and Current Price Trends

by

  • Dogecoin saw a sharp rise above $0.180 on May 1 but quickly reversed, falling back to around $0.174 by May 4.
  • Momentum has cooled, with tightening Bollinger Bands and bearish indicators like RSI near 37 signaling weakening strength.
  • Key levels to watch are $0.170 for support and $0.180 as a cap on any near-term recovery.
  • A break below $0.17 could deepen the downtrend, keeping traders on edge for further moves.

Dogecoin (DOGE) showed notable volatility over the past week, starting with a dip around April 30, followed by a sharp recovery that peaked above $0.180 on May 1. However, the rally was short-lived, as selling pressure quickly set in, leading DOGE into a steady downtrend over the following days.

DOGE 7D graph coinmarketcap 3
Source: CoinMarketcap

By May 4, DOGE had retreated to around $0.174, erasing much of its earlier gains. The candlestick pattern reflects a classic “spike and fade” move, with decreasing volume late in the week, indicating cooling momentum. The key levels to watch going forward are $0.170 as immediate support and $0.180 as a resistance zone for any short-term recovery attempts.

Dogecoin Momentum Indicators Point to Bearish Outlook

Dogecoin (DOGE) has been edging lower, now trading near $0.173 after a 0.44% dip in the latest 4-hour session. Price action shows DOGE consolidating just above key support around $0.1735, while the Bollinger Bands are tightening, suggesting lower volatility in the near term.

Momentum indicators are tilting bearish. The RSI sits at 37.57 and 48.21, showing a loss of upward strength and moving toward oversold territory. The MACD is also leaning negative, with the MACD line (-0.00019) below the signal line (-0.00073), hinting at a potential continuation of the downward trend. Traders are watching the $0.17 support closely, as a break below could trigger further downside, while resistance remains capped near $0.18.

DOGEUSD 2025 05 04 08 53 03
Dogecoin Weekly Overview and Current Price Trends 21

With tightening technicals and bearish momentum dominating the charts, caution is advised for traders considering new positions. Dogecoin’s price movement in the coming days will likely be pivotal in setting the tone for its next major trend.

Related Reading | Pepe (PEPE) Faces Strong Correction, But Eyes Remain on 1,200% Breakout Potential

Analyst Says Dogecoin’s Momentum Strong Above $0.175, Targets Higher Levels

by

  • Dogecoin rebounded from $0.13009, forming a bullish cup pattern and holding above $0.17500.
  • Whale wallets accumulated 100 million DOGE in 7 days, signaling rising confidence and momentum.
  • Analysts see potential breakout to $0.19270 soon, with long-term target set at $0.704.

Dogecoin is showing signs of renewed energy as it maintains a solid position above $0.17500, attracting attention across the crypto world. BitGuru, a respected crypto analyst, highlighted that DOGE recently rebounded from $0.13009 and now displays a textbook cup-shaped pattern on the 4-hour chart, often seen as a bullish indicator. 

Earlier in April, Dogecoin endured a steep correction, tumbling to $0.13009 after a period of high volatility. It later regained ground, climbing to $0.16661 and briefly reaching $0.19270, showing strong resilience. BitGuru described that setup as a “bullish beauty,” emphasizing how the rising lows confirm market optimism and a recovery from prior weak zones around $0.18028.

As of now, DOGE is consolidating below the $0.18000 mark, holding its key support level well. BitGuru believes if it sustains momentum above $0.17500, the odds are strong for another breakout toward $0.18500, with a chance of revisiting the $0.19270 peak in the short term.

DOGE 2
Source: BitGuru

Dogecoin Whale Activity Boosts Confidence

Trader Tardigrade, another widely followed analyst, pointed out a new Upward Channel forming on the 4-hour chart, further supporting the bullish case. This technical formation could push the meme coin higher if current patterns hold steady. The growing optimism is not limited to technical charts. On May 1, Ali Martinez revealed a sharp increase in whale activity, noting that large holders scooped up 100 million DOGE in just seven days.

Martinez’s data showed that wallets holding between 1 million and 10 million DOGE were behind this accumulation. This influx from big players often signals brewing confidence and can set the stage for strong market movements.

Dogecoin
Source: Trader Tardigrade

In another recent update, a crypto analyst suggested that if DOGE manages to close the month above $0.20, it could ignite a rally aiming at the historic all-time high of $0.74. This potential move would mark a critical shift in market sentiment and likely draw in more investor interest.

Long-Term Prospects Eye Higher Targets

On April 27, MasterAnanda offered additional technical insights via TradingView, analyzing the broader picture. His analysis charted an ABC correction that began from the December 8, 2024 high of $0.4846. The correction’s first wave brought a 46% drop to $0.2626, followed by a 66% bounce to $0.4350. The C-wave then completed with a steep 70% fall, bottoming out at $0.1298.

From this foundation, Dogecoin has staged an impressive comeback. MasterAnanda now sees DOGE well below its former peaks but poised for what he described as an impulsive rally. His analysis sets a bold target at $0.704, underscoring the potential for significant upside if market momentum continues.

With bullish signals mounting, from whale accumulation to strong technical setups, DOGE seems prepared for another critical push.

Read More | Litecoin Price Analysis: Can LTC Break Past Resistance at $96?