Dogecoin Price
Can Dogecoin Price Compete With New Memes Like Fartcoin & ai16z?
Dogecoin price has rebounded recently, aligning with the broader recovery in the cryptocurrency market. Can Dogecoin compete with Solana meme coins like Fartcoin and Solana AI coin ai16z? These newer coins have seen significant price surges, attracting attention from investors. The rising popularity of these coins raises questions about the DOGE long-term position in the meme coin space.
Can Dogecoin Price Contest with New Meme coins?
Dogecoin price, the original meme coin, maintains a leading position with its strong market capitalization and established reputation. Emerging meme coins like Fartcoin and AI16z have gained attention, but Dogecoin’s resilience and partnerships set it apart.
Collaborations, such as the D.O.G.E. department initiative with Elon Musk, have bolstered its presence in the crypto market. Fartcoin price is trading at $1.34, with a 3% surge in the past day and more than $1 billion in market cap. Additionally, the Solana AI meme coin ai16z is trading at $1.98 with $2.16 billion market cap.
Dogecoin’s simplicity remains a significant advantage, making it user-friendly and appealing while surviving multiple market cycles. This streamlined framework ensures accessibility for new and seasoned investors alike.
Recent whale activity indicates growing confidence in Dogecoin, with substantial accumulation highlighting its enduring relevance amid rising meme coin competition.
Whales Accumulate 1.08 Billion DOGE
Crypto analyst Ali shared an X post highlighting a massive Dogecoin purchase by whale investors in the past 24 hours. The post revealed that over 1.08 billion DOGE tokens were accumulated by these large holders during this period. This surge in whale activity is a notable development for the meme cryptocurrency.
The chart included in the post illustrated a correlation between whale movements and the recent fluctuations in Dogecoin’s price. It showed a clear buying trend among addresses holding between 10,000 and 1,000,000 DOGE tokens. This behavior suggests increased confidence in Dogecoin despite its recent price volatility.
DOGE Technical Analysis: Can Dogecoin Hit $1?
Dogecoin has experienced a notable 270% surge in years 2024, with hopes for further rally in the year 2025. As of Friday, the DOGE price hovered at $0.3378, with a 1% in the past 24-hours.
Most of the cryptocurrency has seen a market recovery with BTC hovering above $95k fueling the market rally. With the surge in the crypto market and meme based coins may fuel the surge.
The Awesome Oscillator (AO) highlights weakening bearish momentum as green bars begin to appear. This trend suggests the possibility of a bullish reversal. The Moving Average Convergence Divergence (MACD) indicator shows a narrowing gap, indicating reduced selling pressure.
Dogecoin Price Targets
The Dogecoin price prediction points to the potential for a breakout as it consolidates near crucial resistance levels. DOGE price is approaching significant resistance at $0.50 and $0.736, presenting key hurdles for upward momentum.
If these levels are breached, a rally toward $1 could be in sight, representing a 201% increase from current levels. However, if bears gain another power the the meme-based coin might see a corrections.
To conclude the Dogecoin price strong foundation and whale accumulation showcase its resilience. However, competing with new memes like Fartcoin and ai16z poses challenges. Reaching $1 depends on breaking key resistance and maintaining momentum.
Frequently Asked Questions (FAQs)
Dogecoin’s resilience and whale activity give it a competitive edge.
They are new Solana-based meme coins gaining investor attention.
Key resistance levels are $0.50 and $0.736 for further rallies.
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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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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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The crypto market is facing heightened volatility as the risk of the US economy falling into a recession spiked. While some crypto tokens may withstand the ongoing crash, some could struggle under the heightened selling pressure and fearful market sentiment. As traders look to minimize their losses, here are four crypto tokens to sell to prevent long-term losses.
4 Crypto Tokens to Sell as Recession Risk Spikes
The cryptocurrency market was spooked after the risk of the US economy plunging into recession this year surged to 40%. President Donald Trump’s trade policies and tariff wars have sparked concerns about economic stagnation, forcing investors to move away from risk assets.
A poll by Reuters also stated that many economists anticipate that the economy will slow down due to tariff chaos. The poll further stated that shifting economic policies have made it harder for the Federal Reserve to track inflation, adding to the market uncertainty.
As crypto traders brace for more volatility ahead of US inflation data this week and the FOMC meeting next week, below are the four crypto tokens to consider selling to prevent long-term losses.
Ethereum (ETH)
Ethereum price fell below $1,900 for the first time since November 2023, making it one of the top crypto tokens to sell. During this decline, an ICO whale moved 7,000 ETH valued at more than $12M to the Kraken exchange, adding to the sell-side pressure. More whales have also been reducing their ETH holdings after selling 33,000 ETH in the last three days.
Institutions are also not willing to absorb the additional selling pressure. This is after spot ETH ETFs posted $122M in outflows in the last three consecutive days according to SoSoValue. As institutional demand weakens, ETH price is poised for more declines.
Solana (SOL)
If the US economy enters a recession, top USA coins such as Solana are poised to post the steepest declines, making SOL one of the crypto tokens to sell to avoid long-term losses. Solana price today trades at $124 after a significant 9% drop in the last nine days.
According to Lookonchain, whales are also selling Solana. This is after one large address sold 108,688 SOL for $12.2M. This whale sold SOL at a loss of $7.48M, suggesting a lack of optimism that the price could recover.
Solana price is also on the verge of a steep decline after the formation of a death cross. Once the altcoin confirms this crossover, it supports a bearish Solana price prediction and a high chance that the price will drop below $100 to the 123.6% Fibonacci retracement level of $73.
Dogecoin (DOGE)
Dogecoin price also shows a bearish outlook after falling by 16% in seven days. Following this decline, DOGE open interest has shrunk from $8 billion to $3 billion in less than three months, indicating that most traders are not opening new positions due to low conviction that the price might recover.
Dogecoin has breached the lower trendline of its descending parallel channel, which indicates that the bearish momentum is growing strong. The RSI is oversold and the Awesome Oscillator bars show a surge in selling activity.
Moreover, the declining stock price of Elon Musk’s Tesla could impact Dogecoin price leading to more losses. The lack of a bullish catalyst makes DOGE one of the top crypto tokens to sell.
TRUMP (TRUMP)
The TRUMP meme coin is also poised to record the most losses if the US economy falls into a recession. Therefore, it is one of the top crypto tokens to sell for traders looking to minimize losses.
With the hype around meme coins cooling down, there is a minimal chance that TRUMP price will recover. Therefore, even with sellers being exhausted as the oversold RSI shows, the weak demand could see TRUMP consolidating at the current low levels. The AO histogram bars also show rising bearish momentum, which will drive the price lower.
Final Thoughts on Top Crypto Tokens to Sell
Ethereum, Solana, Dogecoin, and TRUMP are some of the top crypto tokens to sell today if you are looking to avoid long-term losses. As the crypto market continues facing bearish pressure, these four altcoins could register significant price declines.
Frequently Asked Questions (FAQs)
The top crypto tokens to sell amid recession fears are Ethereum, Solana, Dogecoin and TRUMP.
These four crypto tokens could drop further due to a bearish technical outlook and rising selling pressure from both retail traders and whales.
The US economy could enter a recession this year according to experts, which is reducing the demand for risk assets.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
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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A recently published Dogecoin (DOGE) chart by analyst Paul (@Zig_ZagTrades) suggests that the popular meme-based cryptocurrency could slide as low as $0.12 in a final corrective phase before attempting a significant rebound. The 1-day chart, shared on X, outlines a textbook Elliott Wave structure that Paul interprets as a larger (A)–(B)–(C) correction, culminating in a potential Wave 2 near the $0.12–$0.15 region.
More Downside For Dogecoin Ahead?
In Paul’s analysis, Dogecoin has been tracing a five-subwave decline since reaching a prominent peak labeled as Wave 1 on his chart. This top coincided with a multi-day surge that lost momentum and reversed lower, leading to a series of smaller waves marked as 1, 2, 3, 4, and now 5. The analyst indicates that this fifth and final subwave is likely concluding a broader C wave (or 2nd wave if counting at a higher degree). Paul’s notations highlight a “GZ” (a “Golden Zone” commonly used by traders to pinpoint Fibonacci support clusters), and his markings pinpoint Fibonacci ratios that could define DOGE’s near-term floor.
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The chart shows a cluster of key retracement levels spanning from $0.16 down to the mid-$0.11 range. Paul highlights Fibonacci levels at 61.8% around $0.160257 and $0.150508, alongside deeper retracements at 78.6% near $0.118726 and a 100% projection around $0.126709. These numeric zones appear to bracket the “GZ” in which Paul believes DOGE may complete its final subwave. According to the chart, the $0.12–$0.15 pocket stands out as the most critical price territory for bulls seeking to halt the ongoing downtrend.
The path from the current price region toward this lower objective is labeled with a subwave count that suggests a final push beneath prior lows. Candlestick patterns on the chart confirm a sequence of lower highs and lower lows in recent weeks, a sign that the bearish momentum remains intact. Volume bars at the bottom indicate steady selling pressure accompanying downward impulses, in line with the view that DOGE could still be carving out its terminal leg of the correction.
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Paul’s use of Ichimoku Cloud settings shows that the price has consistently traded below the cloud since late January, indicating that DOGE has yet to reestablish any bullish momentum. The shaded green cloud area on his chart appears to have acted as dynamic resistance, backing up the notion that the market has remained in a corrective posture for several weeks. The analyst’s labeling of the waves beyond the purported bottom, marked as (1) to (5), suggests an expectation of an eventual upward cycle if and when the coin finds support in the “GZ” zone.
While the chart projects a subsequent rally from the anticipated low, no guarantees exist that DOGE will definitely hold the $0.12–$0.15 band. Failure to do so would theoretically extend the corrective pattern and undermine the bullish wave count, but Paul’s annotation implies that he sees the current downswing as a last flush of sellers. In his own words, “DOGE 1D: A Subwave 5 drop setting up a wave C/2 finish in the GZ for DOGE,” suggests an expectation of a local bottom in this area, although the market’s overall direction will hinge on whether enough buyers step in at those Fibonacci levels.
At press time, DOGE traded at $0.17
Featured image created with DALL.E, chart from TradingView.com
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