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Dogecoin Price Nears Key Support as Analysts Predict Rally To $20
Published
2 days agoon
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admin
Dogecoin price is drawing increased market attention as it hovers near a critical support level. Analysts suggest that the current price range between $0.15 and $0.17 could represent the final opportunity for investors to buy before a potential breakout. Technical indicators point toward a bullish setup, with analysts predicting a long-term price target of $2.77. Others have proposed an even more ambitious projection of $20, assuming DOGE maintains its multi-year ascending trendline.
Can Dogecoin Price Surge to $20?
Dogecoin price is testing its support between $0.15 and $0.17, with technical indicators suggesting that the asset is in oversold territory. The Relative Strength Index (RSI) on the three-day chart is at historically low levels, which has previously signaled price reversals. Market analysts highlight that if the support level holds, it could create favorable conditions for an upward move.
Ali Martinez pointed out that Dogecoin price remains within a long-term ascending channel. According to his analysis, maintaining the $0.16 support level could lead to a substantial rally. If the price follows past trends, it may reach $2.77 based on Fibonacci extension projections. This would mark a new all-time high for the meme coin.


Other analysts suggest that if Dogecoin continues its multi-year trend and Bitcoin remains strong, DOGE could rally beyond $2.77. Some projections indicate a potential surge to $20 if the market cycle mirrors previous bull runs. However, maintaining support at the current levels is crucial for the top meme coin.
Historical Patterns Suggest a Meme Coin Rally
Additionally, Dogecoin price has historically followed a pattern of extended accumulation phases followed by strong parabolic rallies. Trader Tardigrade’s analysis outlines a cyclical trend where DOGE consolidates for an extended period before a meme coin rally.
Past breakout cycles have shown that Dogecoin price tends to surge after reaching oversold conditions during consolidation periods. The analyst highlights three previous breakout points, with the first occurring in 2017 and the second in 2021. Both instances led to rapid price increases as market sentiment shifted.


The current phase of accumulation, marked by strong on-chain activity and increasing trading volume, resembles these previous breakout patterns. If DOGE price follows its historical trend, it could soon enter another bullish phase.
Analysts Project $4.50 as a Possible Target
Another perspective on Dogecoin’s future price movement comes from its logarithmic growth trajectory. Based on historical patterns, DOGE has consistently formed higher peaks after each major rally, following a long-term logarithmic trend.
Trader Tardigrade’s projections indicate that if Dogecoin repeats its past cycle, it could reach approximately $4.50. The analysis suggests that if the current accumulation phase ends similarly to previous cycles, the next rally could push DOGE toward new price milestones.
Supporting the bullish meme coin rally prediction, a recent analysis revealed that Dogecoin price has reached a key support level, historically signaling a reversal. On-chain metrics indicate that the meme coin is following a macro trend within an ascending channel, suggesting that the recent dip may have marked the bottom.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Solana Cofounder Advocates For Decisive Governance As SIMD-228 Proposal Fails
Published
2 hours agoon
March 16, 2025By
admin
Following the failed bid of a proposal to change network tokenomics, Solana cofounder Anatoly Yakovenko has reiterated the need for decisive governance. Yakovenko argues that failing fast will do more for Solana than a slew of proposal approvals.
Solana Governance Has To Prioritize Speed And Incisiveness
Solana co-founder Anatoly Yakovenko has moved on from the community’s rejection of the Solana Improvement Document (SIMD)-0228. Yakovenko noted that despite the failed proposal, the speed of governance proceedings for Solana left an impressive mark.
The SIMD-0228 sought to change Solana’s tokenomics by introducing a dynamic inflation model, moving away from the network’s fixed inflation schedule. While the proposal split the network over centralization fears and disadvantages to smaller validators, Yakovenko highlighted the silver lining in its rejection.
Learning from the proposal, the Solana cofounder disclosed that the network’s governance must be “fast and decisive.” For Yakovenko, the quick resolution of the proposal frees up resources for the network to explore a better approach.
“How fast the ecosystem iterates is a thousand times more important than making sure that every proposal passes,” said Yakovenko.
Over 74% of validators participated in the vote with Yakovenko declaring support for the proposal. Big ecosystem players including VanEck supported the proposal amid speculation that Solana price will spike following the approval.
Bulls Eye Upward Movement For SOL Price
Despite the rejection of the proposal, bulls are still clinging to hope that SOL can go on a parabolic rally. The network has faced significant downward pressure in recent weeks, complicated by Alameda’s SOL unstaking. A steep drop in Solana DEX volume darkens the cloud for the future of the asset’s price.
However, analysts are keeping their eyes on the potential repeat of a 2021 pattern that can send SOL price to $4,000. There is speculation that Solana is on course to surpass Ethereum’s market capitalization.
Optimist are hinging their prediction on on-chain metrics and the soaring number of projects building on the network. In the short term, traders have their eyes on SOL to $200 before the end of March despite a looming death cross.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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21shares
21Shares To Liquidate Bitcoin and Ethereum Futures ETFs, Here’s All
Published
6 hours agoon
March 15, 2025By
admin
21Shares has announced that it is bringing down the curtain on its Bitcoin and Ethereum futures exchange-traded funds (ETFs). The issuer is eyeing March 28 as a tentative date for the liquidation of both ETFs amid a wave of new filings in the US.
21Shares Set To Liquidate Bitcoin and Ethereum ETFs
According to an announcement, crypto ETF issuer 21Shares has disclosed plans to ditch its Bitcoin and Ethereum futures ETFs. Per the announcement, the affected ETFs are the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF.
While the press release did not give clear reasons for the liquidations, it hinged its decision on a periodic review of its offerings. The statement cited a need to align existing product lineups with market dynamics and clients’ needs in a changing landscape.
However, pundits say the liquidations are a result of jarring ETF outflows in recent months.
Shareholders can sell their holdings up until March 27, a date touted as the last trading day for both ETFs. 21Shares plans to put the final nail in the coffin for both ETFs on March 28, liquidating all remaining assets.
“Shareholders who continue to hold shares of a Fund on the Fund’s Liquidation Date will receive a liquidating distribution with a value equal to their proportionate ownership interest in the Fund,” read the press release.
Increased ETF Activity In The Cryptoverse
Despite the wave of outflows, the ETF space is sizzling with frenetic activity. Buoyed by impressive returns, 21Shares slashed fees to 0.49% for its Bitcoin Ethereum Core ETPs.
Bitwise has rolled out its OWNB ETF to track companies holding Bitcoin on their balance sheets. Bitcoin ETF investors continue to put their faith in offerings in the face of price amid Rex Shares launching the first Bitcoin Corporate Bond Convertible ETF
Outside of Bitcoin, several issuers have filed for XRP, HBAR, DOGE, and AVAX ETFs with the US SEC. For Ethereum investors, CBOE has applied to the SEC to approve staking in Fidelity’s ETH ETF.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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BTC Regains $84K; ETH, XRP, SOL Pump
Published
22 hours agoon
March 15, 2025By
admin
The crypto market today (March 15) showcased notable rising trajectories, igniting investor optimism globally. Bitcoin (BTC) price regained a break above $84K intraday, while Ethereum (ETH), Solana (SOL), and XRP prices also pumped considerably. Simultaneously, meme coins witnessed remarkable intraday gains, in sync with today’s broader market trend. Besides, Kaspa (KAS) emerged as the day’s top gainer, leading the market’s price gains.
Crypto Market Today: BTC, ETH, XRP, SOL Prices Pump Sparking Optimism
The global crypto market cap gained nearly 3% in the past 24 hours, reaching $2.75 trillion. Further, liquidations across the sector was down 23% from yesterday, at $160.75 million (Coinglass data). As a result, crypto prices have prevented a downturn, embarking on a rising action as of early Asian hours on Saturday.
BTC Price Taps $85K Sparking Crypto Market Recovery Hope
As of press time, BTC price witnessed gains worth 3% intraday and exchanged hands at $84,433. The flagship coin’s bottom and peak over the day were recorded as $81,771.76 and $85,263.29, respectively. Bitcoin’s market dominance was up by 0.11% over the past day, reaching 60.88%. Overall, the flagship coin appears to be outperforming altcoins this Saturday, recovering after dealing with massive macro heat.
ETH Price Jumps 2%
ETH price gained nearly 2% in the past 24 hours and exchanged hands at $1,919. The coin bottomed and peaked at $1,883.69 and $1,945.09 intraday. Ethereum’s market dominance rested at 8.4% this Saturday, signaling an undermining performance in the alts sector. The second-largest crypto’s trading volume was also down by 35% to $11.58 billion today.
XRP Price Soars
XRP price witnessed a 6% uptick in the past 24 hours and exchanged hands at $2.43. The coin’s intraday low and peak were $2.28 and $2.44, respectively. Ripple’s native coin enjoys a bullish action amid soaring odds of an XRP ETF approval shortly ahead. On the other hand, CoinGape reported that Ripple minted 6.5 million RLUSD, adding a layer of intrigue to the coin’s price movements.
SOL Price Shoots Up 8%
SOL price witnessed a remarkable 8% increase intraday and closed in at $135. The coin hit a low and a high of $124.48 and $135.64 in the past 24 hours. Solana’s trading volume was also up by 15% to $3.17 billion. The coin sees price gains in sync with the broader trend.
Meme Crypto Market Today
Simultaneously, meme coins also witnessed considerable gains this Saturday, further solidifying investor optimism. Dogecoin (DOGE) price gained nearly 2% intraday and exchanged hands at $0.1729. Shiba Inu (SHIB) price soared over 3% intraday to reach $0.00001276. Even Pepe Coin (PEPE) price gushed over 3%, resting at $0.000007133.
Top Crypto Market Gainers Today
Kaspa (KAS)
Price: $0.08113
24-Hour Gains: +14%
Hyperliquid (HYPE)
Price: $14.23
24-Hour Gains: +11%
OKB (OKB)
Price: $46.25
24-Hour Gains: +10%
Top Crypto Market Losers Today
Pi (PI)
Price: $1.47
24-Hour Loss: -10%
Celestia (TIA)
Price: $3.51
24-Hour Loss: -3%
TRON (TRX)
Price: $0.2229
24-Hour Loss: -1%
Overall, traders and investors currently reflect an optimistic sentiment amid prices recovering from previous slumps. On the other hand, VanEck filed for an Avalanche ETF recently, adding to recent pro-crypto advancements across the globe.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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