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Dogecoin

Doge Jump 7% as Musk Touts “D.O.G.E” at Trump’s CampaignIn a surprising twist, Dogecoin ( CRYPTOCAP:DOGE ) surged 7% late Thursday, crossing the 13-cent mark for the first time since late July. The price rally came after Elon Musk introduced his concept for a "Department of Government Efficiency" (D.O.G.E) during a Pennsylvania town hall in support of Donald Trump’s presidential campaign. The proposed department, aiming to streamline government spending, has sparked a wave of speculative trading in Dogecoin, fueled by Musk’s association with the popular meme coin. Musk’s D.O.G.E Proposal: A New Meme to Power Dogecoin? At the town hall, Musk suggested the creation of D.O.G.E as part of Trump’s broader political agenda, a department aimed at making government spending more efficient while reducing bureaucracy. The idea of running government departments with corporate-like incentives caught the attention of the crypto community, leading to a surge in interest in Dogecoin. Musk’s consistent backing of Dogecoin, combined with his growing political influence, has played a significant role in the market’s reaction. Crypto traders are now speculating that a Trump victory in 2024 could lead to more mentions of “D.O.G.E” in government, driving retail attention back to Dogecoin in a big way. Dogecoin’s 7% Price Surge: Fundamentals at Play Dogecoin’s 7% price jump brought its value to over 13 cents, outperforming the broader market. Bitcoin, by comparison, rose just 1% in the same 24-hour period. Over the past week, DOGE has gained more than 22%, making it one of the top-performing major tokens. Several key factors contributed to this rise: 1. Musk’s Influence: Musk’s public support of Dogecoin has always been a catalyst for price movements. From Tesla to SpaceX, Musk’s ventures have regularly featured Dogecoin in some form, further legitimizing it in the eyes of retail investors. 2. Open Interest Surge: Open interest in Dogecoin-denominated futures spiked to over 5 billion tokens, a clear sign that volatility is on the horizon. Higher open interest alongside rising prices indicates that bullish momentum is strengthening. 3. Political Implications: As Musk positions himself as a supporter of Donald Trump’s campaign, some traders believe that a future Trump administration could lend more credence to the D.O.G.E meme, keeping Dogecoin in the spotlight. Technical Analysis: Can DOGE Reach $1? From a technical standpoint, Dogecoin is currently trading within an overbought region, with a Relative Strength Index (RSI) of 78. This suggests that while the recent price surge is impressive, there may be some short-term pullbacks due to profit-taking. However, the longer-term outlook remains optimistic. - Support and Resistance Levels: Dogecoin’s immediate resistance level sits at $0.14, while support is around $0.12. A sustained break above the $0.14 mark could pave the way for Dogecoin to challenge higher levels. - DCA Strategy: Traders looking to capitalize on Dogecoin’s potential should consider a Dollar Cost Averaging (DCA) strategy, buying during dips to mitigate risk. Given the market’s volatility, DCA allows investors to build a position over time, reducing exposure to sudden market corrections. - Dogecoin to $1?: The age-old debate about whether Dogecoin can reach $1 continues to linger. While some analysts point to the fragmentation of liquidity among numerous meme coins as a reason for Dogecoin’s underperformance, others argue that Dogecoin’s familiarity and the paradox of choice could work in its favor. When retail investors are faced with hundreds of new meme coins, many may choose to stick with what they know—Dogecoin ( CRYPTOCAP:DOGE ). The Road Ahead: Memecoins and the Retail Investor One of the most interesting aspects of the current memecoin market is the sheer number of options available to retail investors. Platforms like Pumpfun and GraFun have enabled the creation of millions of new meme coins, fragmenting liquidity and making it harder for any single coin to dominate. However, this same fragmentation could ultimately work in Dogecoin’s favor. As one prominent trader noted: *"When retail is presented with the option of choosing between a million different meme coins, they’re likely just going to go for the biggest and most familiar one they played with last cycle. DOGE to $1 is a meme until it isn't." The increasing complexity of the memecoin market, combined with Musk’s continued influence, could indeed set the stage for Dogecoin to break past the elusive $1 mark in the future. For now, the best course of action for traders is to remain vigilant, stay informed about market developments, and consider gradual accumulation during dips. Conclusion While Dogecoin’s future is always uncertain, its recent performance shows that it continues to be a major player in the cryptocurrency space. Musk’s influence, combined with the speculative buzz around the D.O.G.E meme, suggests that Dogecoin ( CRYPTOCAP:DOGE ) could continue to surprise traders and investors alike. Whether or not it reaches $1 remains to be seen, but Dogecoin’s ability to rally in the face of both market and political developments is undeniable. As always, traders are advised to manage their risk, take advantage of dips, and keep an eye on the memecoin landscape.
Long
by DEXWireNews
DOGE - Watch These 3 BULLISH SIGNSDOGE has given us THREE very bullish indications: - Successful W-Bottom Pattern in the Daily - Higher lows Doge is also one of few alts that has been gradually making HIGHER HIGHS. This shows that the buyers have been driving the price up constantly. Furthermore, the daily price has reclaimed and CLOSED candles above the 200d moving averages; another strong bullish sign: With the current momentum and buying pressure showing up, it seems likely that DOGE will smash right through the next resistance zone as pointed out. (That is, naturally, IF BTC remains stable over the weekend). _____________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance. Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern . I expect Dogecoin will fall to $0.119(at least/-10%) . Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
DOGEUSD Hit its 1DMA200. Rejection or breakout? Pick your poisonDogecoin (DOGEUSD) hit yesterday its 1D MA200 (orange trend-line) for the first time since July 29. A little before that date on the last High (July 21), the Lower Highs trend-line started, which is currently exactly on the 1D MA200. As a result today's pull-back is so far a double level rejection (1D MA200 and Lower Highs trend-line). As long as it stays intact, there are more probabilities to pull-back towards the 1D MA50 (blue trend-line) again, which held twice this month already (closed all candles above it). In that case, our Target is 0.11000. If on the other hand the 1D MA200 breaks first, we will accept the loss on the short (tight SL anyway) and buy the break-out targeting 0.14380 (Resistance 1). The 1D MACD formed a Bullish Cross on Monday, which favors the bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSD
by TradingShot
2
Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon: Click chart above to see the detailed analysis👆🏻 It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start. Levels to watch: $0,12 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
19
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
Dogecoin Revival: The Meme Coin Market is Heating Up Again!CRYPTOCAP:DOGE looks really good here. For the first time since the March highs, it seems like there’s life in the market. Many of the new meme coins have been surging extensively, like $ANDY, MYX:TURBO , $POPCAT, and whatever cat or frog coins you can think of. It seems like the time for doggy coins is approaching once again. I’m betting on some of the Solana ecosystem as they tend to go much higher, but it’s always good to have CRYPTOCAP:DOGE as a barometer for anticipating trends. SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:SHIB are also showing similar patterns.
Long
by ZelfTrade
1
DOGEUSD The new Bullish Wave is taking off.Dogecoin just turned bullish today on its 1D technical outlook (RSI = 58.168, MACD = 0.002, ADX = 16.620) after its 1D RSI spent the first 2 weeks of October sideways, forming the bottom. This is a bottom similar with late Aug-Sep and during that time the 1D MA50 held six different 1D candles. The pattern is a Channel Up the past 10 weeks and today's candle has confirmed the start of the new Bullish Wave. We expect at least another +43.58% rise from the bottom (TP = 0.14450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOGEUSDLong
by InvestingScope
5
DOGE - Dictated by Market SentimentNormal price setup is approaching a key level. The yearly level needs to hold, or things could quickly turn bearish. I remain cautiously optimistic because this level presents a pivotal opportunity and is the lowest-risk entry available. I'm not entering the trade right now as I’m risk-averse at the moment. It could be an optimal play, but #Bitcoin is still weaker than I’d like it to be. This chart represents about 90% of what the Altcoin market looks like. If you’re overexposed, be prepared to act quickly or have hedges in place in case the situation flips. Let's wait for the weekly close before making any moves on this and the rest of the Altcoins.
by ZelfTrade
Dogecoin ($DOGE) Primed for a Rally as Key Metrics Turn BullishDogecoin ( CRYPTOCAP:DOGE ) has been showing promising signs that it could be on the verge of a significant rally, with on-chain data pointing to bullish developments. Increased short-term trading activity, whale accumulation, and a surge in active addresses suggest that CRYPTOCAP:DOGE could soon see a strong upward price movement. Whale Accumulation One of the most telling indicators of Dogecoin’s potential rise is the behavior of large holders, or "whales." According to recent data from Santiment, whales holding between 1 and 10 million CRYPTOCAP:DOGE have accumulated over 2.07 billion CRYPTOCAP:DOGE in just one week. This level of whale activity marks the largest accumulation of Dogecoin since January and signals growing confidence among larger holders. Historically, whale accumulation precedes significant price rallies, as these large investors often have insider knowledge or access to market trends. Active Addresses Surge In the last few weeks, the number of active Dogecoin addresses surged to over 133,880, the highest level in eight months. This sharp increase in participation demonstrates renewed interest in CRYPTOCAP:DOGE from both new users and long-term holders. A rise in active addresses typically reflects increased trading activity, which could lead to higher demand and, in turn, upward price momentum. Increased Short-Term Trading Activity Another key metric supporting a potential rally is the surge in short-term trading activity. Over 110,000 short-term traders have been actively trading CRYPTOCAP:DOGE in the past week, far surpassing other meme coins like Shiba Inu and Pepe. This heightened trading volume highlights that CRYPTOCAP:DOGE remains a favorite for speculative traders looking to capitalize on quick price movements. As trading volume grows, it often precedes larger, sustained rallies, especially in the memecoin sector. Historical Patterns Dogecoin’s recent price movement aligns with its historical behavior following breakouts from a multi-year descending triangle pattern. This particular technical setup has been a precursor to major price rallies for CRYPTOCAP:DOGE in the past, with the coin experiencing surges of up to 200% after similar breakouts. For example, CRYPTOCAP:DOGE saw a 200% price increase after breaking out of this pattern in 2015, and another massive rally followed similar breakouts in 2017 and 2021. Currently, Dogecoin ( CRYPTOCAP:DOGE ) is showing signs of breaking out from another descending triangle, which could lead to a midterm rally pushing the price up to $0.2236. At the time of writing, CRYPTOCAP:DOGE is trading at $0.1111, reflecting a 2.92% increase in the last 24 hours. If the historical trend holds, this breakout could set the stage for another significant bull run. Rising Trend Channel and RSI Technically, CRYPTOCAP:DOGE is trading within a rising trend channel, showing upward momentum. The Relative Strength Index (RSI) currently sits at 61.90, indicating that the asset is neither overbought nor oversold. An RSI in this range suggests that there is still plenty of room for upward price movement without the risk of an imminent correction. Moreover, the appearance of a bullish engulfing pattern on the daily price chart signals that Dogecoin could be gearing up for further gains, especially after a period of consolidation. Key Levels to Watch The $0.12 pivot is a critical level for Dogecoin ( CRYPTOCAP:DOGE ). If the price can break and hold above this point, it could signal the start of a new rally, potentially pushing the price toward $0.2236 in the midterm. Additionally, with Bitcoin ( CRYPTOCAP:BTC ) trading at $65,000, the broader crypto market sentiment could positively influence Dogecoin’s price, as altcoins often mirror Bitcoin's movements during bull runs. Broader Market Conditions In addition to on-chain data and technical analysis, broader macroeconomic factors could play a role in Dogecoin’s price trajectory. The overall crypto market sentiment has been improving, driven by positive investor sentiment and rising interest in digital assets as inflation concerns persist. Dogecoin ( CRYPTOCAP:DOGE ) has historically benefited from such bullish market conditions, especially when key figures like Elon Musk or other high-profile endorsers mention the coin. Conclusion: Is CRYPTOCAP:DOGE Ready for a 200% Surge? Dogecoin’s recent price action and on-chain metrics suggest that the memecoin could be primed for a substantial rally. Whale accumulation, a surge in active addresses, and increased short-term trading activity all point to growing confidence in CRYPTOCAP:DOGE ’s future. Technically, Dogecoin’s breakout from a descending triangle pattern and its rising trend channel further support the possibility of a 200% surge, with a target price of $0.2236 in the coming weeks. While the cryptocurrency market remains volatile, and CRYPTOCAP:DOGE ’s memecoin status leaves it vulnerable to speculative trading, the signs are positive for those looking for the next major rally. As always, investors should proceed with caution, but the stars seem to be aligning for another impressive Dogecoin ( CRYPTOCAP:DOGE ) bull run.
Long
by DEXWireNews
4
DOGE: No play zone inside the boxAs long as Doge ranges between $0.14 and $0.08, it is a no trade for me. I got stopped out back in august and ever since, haven't found a good entry spot. Price action is choppy and corrective. Each pump or dump are being met with resistance. I need to see a break beyond the box and a complete sequence in direction to enter the market with some confidence. On the upside, want to see a move above $0.17, better yet, a move above $0.22 and then a retrace back into the box to gain support. On the downside, want to see either a support on the trendline or break the trendline in 5 waves. If we see a support on the trendline, Doge might be in for a longer correction in a very large triangle. Long story short, want to see something other than this drag to consider getting back in Doge.
CRYPTO:DOGEUSD
by mukit1
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD). We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info. As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH. Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
9
DOGE at a Critical Juncture: Breakout Signals Potential RallyMarket Overview: Dogecoin (DOGE/USD) has broken above a key diagonal trendline, suggesting a potential shift in its long-term trajectory. The recent price action also includes a higher-high, and if a higher-low forms during the current pullback, it would solidify a short-term bullish trend. Price Targets: If the breakout holds, Dogecoin could target previous swing highs in the $0.13-$0.14 range. Monitoring the volume profile is key, as strong buying volume will confirm the momentum of this breakout. #Dogecoin #DOGE #CryptoAnalysis #BullishTrend #Breakout
COINBASE:DOGEUSDLong
by Richtv_official
Bitcoin Weekly Analysis : Bull or Bear? Let's See (READ CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the current price is around $62,640. We observed that after dropping to $60,000 due to the ongoing conflict between Iran and Israel, the price was met with strong demand and, as mentioned earlier, has rebounded 4% to the current level. If the conflict continues, there is a high probability that Bitcoin will See target levels below $60,000 and even $52,000. Therefore, keep in mind that the most crucial support level for Bitcoin at the moment is between $60,000 and $60,200. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
by ArmanShabanTrading
4