Doge
Bitcoin Wobbly at $70K, Dogecoin’s Rise Above $0.2 Continues (Market Watch)
Bitcoin went as high as $71,700 yesterday but failed to overcome the $72,000 level and has returned to around $70,000 as of now. Most altcoins are also quieter today, with red dominating almost all charts. DOGE and BNB, though, are well in the green. BTC Retraces to $70K The past five days or so went…
Bitcoin went as high as $71,700 yesterday but failed to overcome the $72,000 level and has returned to around $70,000 as of now.
Most altcoins are also quieter today, with red dominating almost all charts. DOGE and BNB, though, are well in the green.
BTC Retraces to $70K
The past five days or so went a lot better than the previous week when Bitcoin slumped hard by over ten grand to a low of under $61,000. It recovered some of the losses last weekend and went on the offensive on Monday and Tuesday.
Wednesday saw another leg up that resulted in BTC jumping to a 15-day high of $71,700. However, the bears intercepted the move and pushed the cryptocurrency south hard. In a matter of hours, the asset fell by over three grand to just over $68,000.
Nevertheless, it quickly started recovering the lost ground and spiked to $71,500 once again yesterday. The scenario repeated, though, and Bitcoin couldn’t go any further. The rejection has been less violent, at least for now, and BTC currently trades at around $70,000. It’s worth noting that there are signs of upcoming volatility today and during the weekend.
Its market capitalization has slipped to $1.375 trillion on CoinGecko, and its dominance over the altcoins has retraced slightly to 49.7%.
DOGE Keeps Rolling
The largest meme coin went on a massive roll yesterday as it surpassed $0.2 and reached $0.23 intraday for the first time in over three years. Despite retracing slightly since then, DOGE is still 5% up on a 24-hour scale and sits north of $0.21.
Bitcoin Cash was the other notable gainer yesterday. Just a few days ahead of its second halving, BCH is up by 3% again today and trades above $580. Binance Coin is also in the green from the larger-cap alts.
In contrast, ETH, SOL, XRP, ADA, AVAX, TON, SHIB, DOT, and LINK have all retraced by somewhere between 1% and 3%.
The total crypto market cap has retraced by about $30 billion and is down to $2.770 trillion on CG.
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Cryptocurrency charts by TradingView.
Doge
Dogecoin (DOGE) Ready to Pop? Here’s What These Analysts Predict
TL;DR Dogecoin is showing bullish momentum, breaking past key support levels, with analysts eyeing short-term targets as high as $0.28. However, there are also some warning signs on the DOGE front, such as declining trading volumes and retail interest. Further Gains Ahead? The price of Dogecoin (DOGE) has pumped by almost 5% in the past…
TL;DR
- Dogecoin is showing bullish momentum, breaking past key support levels, with analysts eyeing short-term targets as high as $0.28.
- However, there are also some warning signs on the DOGE front, such as declining trading volumes and retail interest.
Further Gains Ahead?
The price of Dogecoin (DOGE) has pumped by almost 5% in the past 24 hours, currently trading at around $0.17 (per CoinGecko’s data). Some popular analysts believe there is much more room for growth based on the potential breakout of key levels.
On May 6, Ali Martinez – an X user who often explores the meme coin’s performance – claimed that DOGE “is testing key support” around $0.167. He thinks that holding this zone could spark a rebound toward $0.175 and even $0.183. Dogecoin did not struggle with that task, and as mentioned above, rallied beyond $0.17.
For their part, Efloud described $0.169 as the low time frame (LTF) support level. “I don’t see a big problem if (the) price doesn’t lose this zone. This zone may work as (a) support area on pullbacks.”
The X user also told their more than 170,000 followers that a further ascent would depend on the potential rise above $0.174.
Trader Tardigrade assumed that DOGE’s chart has recently formed a so-called “Diamond Bottom” reversal pattern, suggesting a possible shift to an uptrend. The industry participant set a short-term target of around $0.28.
Kamran Ashgar chipped in, too. They think DOGE “is waking up,” and when it does, it may fuel an overall revival of “the whole meme coin army.”
What Are Indicators Suggesting?
Contrary to the bullish predictions outlined by the analysts above, some metrics signal that the meme coin might suffer a setback soon.
Data compiled by the blockchain analysis platform Arkham shows that DOGE exchange inflows have surpassed outflows in the past week. This hints at a shift from self-custody methods toward centralized platforms and could increase the immediate selling pressure.
Additionally, DOGE’s trading volume has been on a significant decline in the past month, while the interest in it has faded lately. The Google searches involving the leading meme coin in the last weeks are far from the peaks observed in November last year and February 2025. Diminished interest in the asset may signal waning investor confidence, especially from retail.
Finally, let’s observe DOGE’s Relative Strength Index (RSI), which measures the speed and magnitude of the latest price changes. The momentum oscillator varies from 0 to 100, and readings below 30 indicate the token could be overbought and headed for a rally. Conversely, anything above 70 is considered bearish territory.
On May 6, the ratio dropped to 30, but it rose in the following hours. It is currently set at around 50, which is a neutral zone.
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Doge
Crypto X Chart Analyst: Dogecoin Swing Pattern Could Top $0.8 By August
A Crypto X chart technical analyst just pointed out a pattern in Dogecoin’s price that could mean the meme coin is the underdog in crypto markets at the moment. Crypto Chart Trader Gives Dogecoin Thumbs Up #Dogecoin consistently finds support at previous swing highs. It just rebounded from support matching a previous swing high.$DOGE may…
Doge
Warning: Dogecoin (DOGE) Risks a 65% Price Crash if It Doesn’t Reclaim This Support Level
TL;DR Despite a recent uptick, one analyst warns that DOGE’s price could plunge significantly if it stays below a certain support zone. Others, though, foresee a rally to as high as $0.44, citing specific technical chart patterns. Is DOGE Poised for a Massive Slump? The price of the largest meme coin has been on an…
TL;DR
- Despite a recent uptick, one analyst warns that DOGE’s price could plunge significantly if it stays below a certain support zone.
- Others, though, foresee a rally to as high as $0.44, citing specific technical chart patterns.
Is DOGE Poised for a Massive Slump?
The price of the largest meme coin has been on an uptrend in the past week, rising by 3% and currently trading at around $0.16. However, some analysts believe a collapse could replace the minor resurgence if Dogecoin (DOGE) fails to rise above a specific level.
Ali Martinez told his 135,000 followers on X that the meme coin’s valuation could plummet by 65% to as low as $0.06 if it doesn’t turn the resistance at $0.17 into support.
Certain technical indicators also suggest DOGE could be on the verge of a pullback. One example is the Relative Strength Index (RSI), which is a momentum oscillator that measures the speed and magnitude of recent price changes in a particular asset. It varies from 0 to 100 and helps traders determine whether a token is overbought or oversold, which in turn could signal a reversal point.
Readings above 70 typically indicate that the asset has entered overbought territory and might be headed for a correction. On the contrary, anything below 30 is considered a bullish factor. DOGE’s RSI has been on the rise in the past 24 hours, currently set just south of the bearish ratio of 70.
An important event that could catalyze further gains for the meme coin is the potential approval of a spot DOGE ETF in the United States. The prominent names racing to launch such a product include Grayscale, 21Shares, Bitwise, and others.
Earlier this year, the approval odds (before the end of 2025) on Polymarket stood at over 75%. In the past several weeks, though, the chances started to erode and currently stand at 52%. Moreover, the odds of the investment vehicle seeing the light of day before July 31 dropped to 20%.
The Bullish Predictions
Crypto X is full of analysts who believe Dogecoin has yet to chart substantial peaks. ZAYK Charts recently assumed that the price has completed a breakout on a falling wedge pattern, suggesting this could result in a pump to almost $0.28.
Clifton Fx shared a similar thesis. They claimed DOGE “is forming a falling wedge on the 2d timeframe,” predicting that a breakout might trigger a price explosion to as high as $0.44.
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