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Business Mayor
10-05-2025
- Business
- Business Mayor
When Is A Good Time To Enter Dogecoin? Analyst Says Wait For This To Happen
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is again rallying to the upside, sparking bullish sentiments towards the leading meme coin. With bulls looking to take advantage of this rally, crypto analyst Kiu has provided insights into what market participants should look out for before jumping on the DOGE rally . What To Look Out For As Dogecoin Rallies To The Upside In a TradingView post , Kiu told market participants to look for a clear breakout and at least two 4-hour candles closing above the resistance line around $0.19460. He remarked that if the Dogecoin price then retests that line as new support, it is a good spot to enter a long position. The analyst advised that a stop loss be put around the current low at $0.12500. Kiu outlined this plan while also commenting on Dogecoin's current price action. He noted that the price is currently breaking above the descending channel , which forms the falling wedge resistance line. The analyst claimed this was a bullish signal but told market participants to pay close attention to the next key resistance area, around $0.19460. This area aligns with the previous high and the red resistance zone. Source: Kiu on Tradingview Meanwhile, the crypto analyst stated that the top of the wedge is the target for this projected rally since it also aligns with a heavy resistance zone. His accompanying chart showed that $0.45143 is the target, a price level that also represents a local high for Dogecoin . DOGE rallied to that level in December last year following its bull run, which began around October. Read More Monero [XMR]: Bears should be cautious about the $157.1 support Crypto analyst Kevin Capital also alluded to an analysis in which he predicted Dogecoin would enjoy a significant rally to the upside once Bitcoin's dominance found a macro top. Based on his accompanying chart, DOGE could at least rally to the much-anticipated $1 price level. DOGE's Short-Term Target Is $0.29 Crypto analyst Trader Tardigrade predicted that Dogecoin could rally to as high as $0.29 in the short term. He revealed that DOGE is breaking out of a diamond pattern on the daily chart, with $0.29 being the target for this breakout. His accompanying chart showed that the rally to this target could happen before the month ends. In another post, Trader Tardigrade indicated that Dogecoin will likely sustain this bullish momentum. He revealed that an RSI breakout is visible on the daily chart, which consistently occurs during every 29-day period during which DOGE witnesses a pump. In line with this, the analyst affirmed that the meme coin's uptrend is 'programmed.' Dogeoin is already eyeing a breakout above the psychological $0.2 level, which could pave the way for a rally to new highs. At the time of writing, the Dogecoin price is trading at around $0.19, up over 8% in the last 24 hours, according to data from CoinMarketCap. DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
Business Mayor
10-05-2025
- Business
- Business Mayor
Crypto Analyst Says Dogecoin Price Breakout Is Programmed, Here's Why
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin has spent the past few weeks oscillating in a tight range, with prices hesitating around the $0.17 level and facing consistent pressure near the $0.185 resistance zone. Despite several attempts to push higher, the meme coin has lacked sustained momentum until the past 24 hours after Bitcoin's break above $100,000 again. A recent post by crypto analyst Trader Tardigrade points to the bullish sentiment, suggesting that Dogecoin's next leg up is programmed and perfectly on schedule. Dogecoin's Rally Is Programmed Due To Repeating 29-Day Cycle According to Trader Tardigrade, Dogecoin's price action is showing an interesting regular rhythm. Noting a chart that tracks the Relative Strength Index (RSI) against Dogecoin's daily candlestick price chart, the analyst pointed out that every 29 days, Dogecoin completes a cycle that ends with a breakout. The exact sequence has now occurred three times: each time followed by a sharp rally. The image accompanying his post illustrates three distinct RSI breakout points spaced exactly 29 days apart, with each initiating a powerful upward move in Dogecoin's price. Source: Trader Tardigrade on X This repeating cycle appears to be driven by RSI downtrend breakouts. The first breakout occurred in early March, while the second breakout occurred in early April. In each of the two previous occurrences, Dogecoin's RSI formed a descending trendline that was broken just as the cycle reset, which sent price action upward. Now, with the most recent RSI downtrend line also broken and the 29-day interval completed once again, the conditions for another programmed move are, in Tardigrade's words, 'on time.' Read More NEAR: Why you should keep an eye on this AI token Programmed Uptrend To Send DOGE Above $0.23 Again The technical basis behind Trader Tardigrade's prediction is in the RSI behavior. The RSI is a momentum indicator often used to detect potential reversals or continuations in price action. In Dogecoin's case, the RSI has consistently reset downwards since it broke below oversold levels on March 9. However, the past two cases have led to a slow build-up, eventually breaking above a local resistance line. Notably, the RSI breakout is occurring at the exact same interval as the one seen in the previous two rallies. The green arrows on the chart, placed directly after each RSI breakout, show clear and steep price increases, showing these moments mark the beginning of bullish phases. If the pattern holds, Dogecoin may enter another strong upward phase that could take it beyond the $0.20 level. Particularly, a measured move based on the two previous playouts put the price target toward the next psychological resistance zone around $0.24. This price target resonates with a different technical outlook, which is based on a head and shoulder formation showing up on the daily timeframe. At the time of writing, Dogecoin is trading at $0.1971, up 9% and 8.9% in the past 24 hours and seven days, respectively. This latest uptrend is caused by Bitcoin's recent break above the psychological $100,000 price level. DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
Business Mayor
01-05-2025
- Business
- Business Mayor
Dogecoin Price Completes Bullish Rounded Bottom, Moves Into Range For This Breakout
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new technical analysis has revealed that the Dogecoin price has officially completed a bullish rounded bottom pattern, signaling a potential trend reversal and paving the way for a significant price rally. Supporting the possibility of a breakout, Dogecoin is also entering into a critical range, with analysts closely watching for a decisive move that would confirm the start of a new bullish phase . Dogecoin Bullish Rounded Bottom Confirmed A 4-hour Dogecoin price chart shared by Bitguru, a crypto analyst on X (formerly Twitter), displays a textbook rounded bottom pattern . This technical pattern is seen as a classic bullish structure and forms when a cryptocurrency's price moves in a bearish trend and rebounds, creating a gradual U-shaped curve. Dogecoin's current rounded bottom pattern formed after it experienced a prolonged downtrend from the $0.205 zone to a low of $0.130, showing strong bearish momentum. Following the market dump in early April, Dogecoin began to form higher lows and gradually curve upward, indicating that buyers are finally gaining strength and accumulation is increasing. The rounded structure, labelled 'Bullish Beauty,' in the price chart shows two key lows—the first bottom around $0.13009 and the second higher low near $0.15217. These lows form the characteristic U shape seen in bullish, rounded bottom patterns. This structure suggests that bears are losing steam , highlighting a significant shift from bearish to bullish territory. DOGE confirms rounded bottom pattern | Source: Bitguru on X Bitguru has identified the $0.16661 and $0.18028 levels as critical resistance zones during Dogecoin's previous downtrend. However, these levels have been breached, with strong bullish candles confirming the breakout. Read More Solana whales on the move: Will it push SOL's price to $200? Currently trading at $0.18 with substantial momentum and volume, DOGE has entered a consolidation phase above its breakout zone, suggesting strength and a likely continuation of an upward trend. With bullish sentiment and technical indicators aligning, Bitguru reveals that buyers are preparing to drive the Dogecoin price to a fresh all-time high . A breakout above the resistance range near $0.19 – $0.2 would further invalidate the bullish setup, signaling strong upward momentum. DOGE Price Approaches Critical Breakout Range The Dogecoin price could be gearing up for a significant breakout, as crypto analyst Trader Tardigrade revealed in an X post that the meme coin is now entering a critical range level. On the 4-hour chart, DOGE has been moving sideways in two distinct range-bound periods over the past few weeks. During these phases, the meme coin's price action has exhibited a classic 'false break' behaviour. In the first observed range, Dogecoin witnessed a false breakdown , dipping below the support level before recovering slightly. This move was followed by a false breakout , during which the price surged above the resistance line but quickly retraced. Eventually, Dogecoin managed to move above the range, establishing a new consolidation zone at a higher level. A similar pattern has now emerged in the current range. DOGE briefly dropped below support in a false breakdown, and afterwards, it attempted a false breakout above the resistance — only to be pulled back into the range. Trader Tardigrade suggests that after multiple failed attempts to break the range meaningfully, Dogecoin is primed for a true breakout , potentially triggering a rally to $0.19. DOGE trading at $0.175 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
