What’s Going On With The Dogecoin Price?

bitcoinist2025-04-28 tarihinde yayınlandı2025-04-29 tarihinde güncellendi

Özet

With the broader crypto market witnessing a bullish reversal, the Dogecoin price is again looking to reclaim the psychological $0.2...

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With the broader crypto market witnessing a bullish reversal, the Dogecoin price is again looking to reclaim the psychological $0.2 level. Crypto analysts such as Master Kenobi have suggested that the leading meme coin is primed to reach new highs.

Dogecoin Price Ready To Breakout From Falling Wedge

In an X post, crypto analyst Trader Tardigrade stated that the Dogecoin price is showing a breakout from a falling wedge. This came as he revealed that a bullish cross has occurred on the Stochastic Relative Strength Index (RSI) biweekly chart. His accompanying chart showed that DOGE could break above the $0.2 price level on this move.

Interestingly, in another X post, Trader Tardigrade predicted that the Dogeocoin price could soon outperform the Bitcoin price. The analyst revealed that the current On-Balance Volume (OBV) pattern on the DOGE/BTC chart mirrors the previous one. He added that this pattern emerged just before the leading meme coin outperformed the flagship crypto from October to December 2024.

The crypto analyst remarked that given that both price action and indicators show the same pattern, he believes the Dogecoin price will soon “drastically” outperform Bitcoin. DOGE could enjoy massive gains if it replicates it price performance from October to December 2024. The meme coin had underperformed for most of 2024 but ended the year on a high as it went on to record the most year-to-date (YTD) gain among the top 10 cryptos by market cap.

Trader Tardigrade also believes that another bull run may be imminent for the Dogecoin price. He revealed that DOGE has broken down to its Round Bottom in this cycle. Based on this, he asserted that a “massive” bull run is imminent for the leading meme coin. His accompanying chart showed that DOGE could reach as high as $2.8 when it records this massive bull run.

Update On The DOGE Macro Chart

In an X post, crypto analyst Master Kenobi provided an update on the macro chart for the Dogecoin price. He stated that the macro chart and a comparison of the current configuration with the situation in 2017 reveal that the meme coin has all the necessary ingredients for a “massive” pump.

The crypto analyst also revealed that the 21-day EMA on the 3-day chart indicates that the Dogecoin price current outlook is bullish. He remarked that additional factors such as bullish divergence and the breaking of the trendline on the Relative Strength Index (RSI) also reinforce this bullish outlook. It is worth mentioning that the analyst recently predicted that the leading meme coin could rally to a new all-time high (ATH) by June.

At the time of writing, the Dogecoin price is trading at around $0.18, up in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Dogecoin Sets Sight On A New All-Time High – Here’s Where This Major Rally Will Begin

3 days ago

This Dogecoin Ascending Trendline Sent Price Rallying 200% And 400% Before, Analyst Sees 600% Surge To $0.93 This Time

3 days ago

İlgili Okumalar

Bitcoin Price Hits Weekly High. What Happened to Cryptocurrencies

Bitcoin's price briefly rose above $90,000 for the first time in a week on December 29th, reaching a high of $90,300 before trading around $89,600. The broader cryptocurrency market cap increased by 1.8% to $3.02 trillion. Ethereum also saw a 2.7% rise, trading above $3,000 again. Despite this short-term price increase, the market remains in a state of "extreme fear," with the sentiment index at 24 out of 100. A significant bearish trend persists, as U.S. spot Bitcoin ETFs recorded a net outflow of $782 million last week, bringing the total outflow for December to over $1 billion. Similarly, Ethereum ETFs experienced outflows. Analysts note that Bitcoin is posting its worst quarterly performance in 2.5 years, having declined 22.7% since October. For a sustained bullish reversal, Bitcoin must not only break but also hold above the $90,000 level. Key factors needed for a market recovery include renewed inflows into spot ETFs, positive regulatory progress in the U.S., and a favorable macroeconomic backdrop.

RBK-crypto2 dk önce

Bitcoin Price Hits Weekly High. What Happened to Cryptocurrencies

RBK-crypto2 dk önce

Gambling or Cognitive Monetization? Deconstructing the Smart Money Path and Eleven Arbitrage Strategies in Prediction Markets

The article "Gambling or Cognitive Monetization? Deconstructing the Smart Money Path and Eleven Arbitrage Strategies in Prediction Markets" explores the rise of prediction markets as a high-potential sector in crypto, expected to surge around the 2026 FIFA World Cup. Unlike traditional crypto trading, prediction markets focus on probability-based outcomes rather than price speculation, attracting "smart money" through sophisticated strategies. Key data shows platforms like Polymarket and Kalshi have seen trading volumes spike 3-7x during recent market downturns, though the total market size remains early-stage at ~$385 billion—far below major exchanges but with trillion-dollar potential by 2030. Eleven arbitrage strategies are detailed: 1. **Math Arbitrage**: Exploiting pricing imbalances (e.g., YES + NO < 1). 2. **Cross-Platform Hedging**: Capitalizing on odds discrepancies across markets. 3. **High-Probability "Bonds"**: Betting on near-certain outcomes for small, steady returns. 4. **Initial Liquidity Sniping**: Scripts grab low-priced shares at market creation. 5. **AI Probability Modeling**: Using AI to identify mispriced events. 6. **AI Information Gaps**: Leveraging speed advantages in news digestion. 7. **Correlated Markets**: Profiting from delayed reactions in related events. 8. **Automated Market Making**: Earning fees via liquidity provision. 9. **Whale Tracking**: Copying high-success addresses. 10. **Exclusive Research**: Monetizing private or grassroots data (e.g., election insights). 11. **Oracle Manipulation**: Exploiting UMA’s optimistic oracle flaws—though upgrades aim to fix this. Prediction markets thrive by offering a "truth machine" for the information age: they aggregate collective wisdom via monetary stakes, convert expertise into profit, and lower entry barriers with simple binary options. However, risks include short market cycles, low liquidity in niche events, manipulation, and regulatory uncertainty. The core remains a math-driven battlefield where cognitive edge—not just capital—wins.

marsbit9 dk önce

Crypto Prices Soar Across the Global Market, Year-End Enthusiasm?

Cryptocurrency prices have surged across the global market, with the total market cap briefly surpassing the $3 trillion milestone. Bitcoin (BTC) reclaimed the $90k level, rising 2.74% to $90,023.28, with predictions suggesting it could reach around $103,282 in the next three months. Ethereum (ETH) broke the $3,000 barrier, increasing 2.64% to $3,014.26, and is projected to potentially hit $5,385.25. Other major tokens like BNB, SOL, LINK, and ZEC also saw gains. The meme coin segment followed the bullish trend, with DOGE and SHIB rising 2.21% and 1.11%, respectively. PEPE and MemeCore (M) also recorded increases. Looking ahead, predictions for early 2026 remain optimistic, with BTC potentially reaching a new all-time high of $126,198.07 by year-end and ETH possibly reclaiming its previous peak of $4,953.73. The article emphasizes that crypto investments are volatile and require thorough research and risk assessment.

TheNewsCrypto12 dk önce

Crypto Prices Soar Across the Global Market, Year-End Enthusiasm?

TheNewsCrypto12 dk önce

All-In on Crypto, Leverage Maxed Out: Why Do Young People Prefer Gambling Over Hard Work?

The article explores the rise of "long-term speculation" as a dominant socio-economic theme, arguing that younger generations are increasingly turning to high-risk, high-reward financial activities like cryptocurrency trading, prediction markets, and sports betting because traditional paths to wealth accumulation—such as stable careers, home ownership, and gradual savings—are no longer viable. Driven by unaffordable housing, stagnant wages, generational wealth inequality, and the threat of AI-driven job displacement, young people feel economically trapped. Social media exacerbates this by constantly showcasing unattainable lifestyles, creating a perpetual sense of lack. With basic survival needs met but higher aspirations blocked, they seek control and meaning through speculation, where even a small chance of success feels more rational than certain stagnation. Platforms facilitating this behavior—exchanges, prediction markets, sportsbooks, and educational content sellers—profit regardless of user outcomes. The author frames this not as financial illiteracy but as a rational response to systemic failure, predicting that speculative behavior will persist as economic conditions worsen. The piece concludes with a moral reflection on the phenomenon, acknowledging its tragic nature while recognizing the strategic opportunities it presents for platforms and informed participants.

marsbit20 dk önce

All-In on Crypto, Leverage Maxed Out: Why Do Young People Prefer Gambling Over Hard Work?

marsbit20 dk önce

Polkadot’s price set to rally past $2? Possible, ONLY if…

Polkadot (DOT) has shown short-term bullish momentum, gaining 4.41% over the past week and breaking key resistance levels at $1.75 and $1.85 on the 4-hour chart. This suggests a potential rally toward the $2.00–$2.11 resistance zone, possibly even testing the weekly supply area at $2.50. However, the longer-term trend remains bearish since March 2025, with selling pressure and bearish momentum evident on higher timeframes. Traders may profit from the current bounce, but a drop below $1.82 would invalidate the bullish setup. Investors should exercise caution due to overall market fear and light demand.

ambcrypto24 dk önce

Polkadot’s price set to rally past $2? Possible, ONLY if…

ambcrypto24 dk önce

İşlemler

Spot

Futures

What’s Going On With The Dogecoin Price?

Özet

Dogecoin Price Ready To Breakout From Falling Wedge

Update On The DOGE Macro Chart

Sign Up for Our Newsletter!

Scott Matherson

Related Posts

Dogecoin Renewed Upward Trend To Continue? Bullish Cross Emerges On DOGE Chart

Dogecoin Flashes Multiple Bullish Flags All Pointing To $1

Dogecoin Price To $0.9: Formation That Led To Previous Rallies Makes A Comeback

Dogecoin Price Prints Cup-Shaped Recovery At Key Support Ready For 20% Breakout