doge
Dogecoin Rally To $0.35 Could Trigger Massive Short Squeeze
Published
5 days agoon
By
adminDogecoin (DOGE) could be on the cusp of a significant price move that might ignite a powerful short squeeze, according to analyst Ali Martinez (@ali_charts). He pointed out on January 27, via X, that “$766.45 million in short positions will be liquidated if Dogecoin DOGE rebounds to $0.35,” implying that bearish traders stand on precariously thin ice.
Massive Dogecoin Short Squeeze Incoming?
A look at the up-to-date liquidation heatmap from Coinglass shows hefty short positions clustered between roughly $0.339755 and $0.34368. Coinglass data shows $464.8 million at $0.339755, $534.79 million at $0.34054, $503.97 million at $0.341325, $433.04 million at $0.34211, and $325.29 million at $0.34368, bringing the total to around $2.26 billion in potential forced liquidations.
That figure underscores the magnitude of a possible short squeeze should DOGE climb above that tight range. Coinglass describes its heatmap as a way “to predict where liquidation levels are likely to initiate,” and has also underscored that “liquidations play a crucial role in the cryptocurrency market” because they can influence rapid price swings when traders with large leveraged positions are forced to close out.
Related Reading
Coinglass emphasizes the value of understanding “high liquidity areas,” since they can serve as magnet zones where big players, sometimes referred to as whales, seize the opportunity to execute sizable trades. Traders often jump on liquidation clusters at advantageous prices, which then paves the way for sharp reversals. In the case of Dogecoin, that magnet zone is now sitting just below $0.35.
Martinez’s analysis of DOGE aligns with the broader technical picture, which suggests the token may be at a make-or-break juncture. Since December 8, when Dogecoin briefly surged to $0.4834, the price action has been defined by a descending trendline. Although DOGE broke above this line on January 15, 2025—indicating a potential bullish shift—broader market volatility on January 26 quickly dragged it back below.
The result is a scenario in which the descending line, now around $0.335 to $0.34, stands as a formidable barrier. A successful breach of that zone could be pivotal, especially given the sheer concentration of shorts that Coinglass has identified just above it. Should DOGE rally enough to pierce that level, traders holding short positions may be forced to cover quickly, and that wave of buying pressure can rapidly accelerate an upward move.
Related Reading
Meanwhile, DOGE remains above the crucial 0.382 Fibonacci retracement near $0.313, a support level that prevented further downside during the latest market sell-off. The next technical support lies deeper on the chart, near $0.212 (0.236 Fibonacci retracement), where traders will be watching closely for any sign of weakening momentum.
On the upside, the 0.5 retracement at $0.394 remains a key pivot. A sustained recovery above that threshold might spark greater bullish confidence, with potential resistance emerging again around the 0.476 to 0.592 region if Dogecoin can regain enough force.
Featured image created with DALL.E, chart from TradingView.com
Source link
You may like
One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
Altcoins
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Published
16 hours agoon
February 2, 2025By
adminDogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This large-scale purchase underscores the renewed interest and growing confidence in Dogecoin’s future potential. As demand surges, crypto community members ponder the reasons behind the massive accumulation and the impact on the price of Dogecoin.
Related Reading
Dogecoin Whales Gobble Up 560 Million Tokens
Dogecoin‘s biggest players are back in action, as reports from crypto analyst Ali Martinez reveal that these deep-pocketed investors, often called “Whales,” have been aggressively adding to their Dogecoin holdings. Whale transactions, typically defined as transfers exceeding $100,000, have risen lately, suggesting strategic accumulation among investors.
Martinez disclosed in his X (formerly Twitter) post on January 31 that Whales have accumulated 560 million DOGE tokens in one week. This significant Whale activity comes after the market experienced a deep selloff, with many investors opting to liquidate their bags for profit due to bearish market conditions.
Following its explosive surge in December, Dogecoin has been struggling to reclaim previous price highs and spark a rally past its ATH of $0.74. The cryptocurrency had risen above $0.4 initially, triggering excitement amongst analysts as multiple bullish predictions spread the market. After this significant price increase, the Dogecoin price declined towards the $0.3 zone and has been attempting to break resistance levels ever since.
Due to bearish pressures and unexpected declines, the market experienced an intense sell off. However, now, Dogecoin whales seem to be diving back into the market with vigor, gobbling up as many DOGE tokens as possible.
Just before Donald Trump’s Presidential inauguration, Martinez reported in another X post that Dogecoin whales had initiated a monumental transaction, acquiring a whopping 1.83 billion DOGE tokens within 48 hours. This massive buying spree has caught the attention of crypto community members, with many pondering the impact of these large-scale transactions.
Notably, a crypto member, Mohd Atif, had commented on the recent rise in whale activity, highlighting that these Dogecoin Whales may possess insights into the meme coin’s future price trajectory, as a surge in accumulation often shows increased confidence in a cryptocurrency’s potential. The crypto member went on to predict that a $1 price leap for Dogecoin, possibly driven by the activities of these large-scale investors.
Analyst Predicts ‘Massive Rally’ For Dogecoin Price
While Dogecoin Whales are buying up more tokens, the price of the meme coin is getting ready for a potentially massive rally. Crypto analyst Trader Tardigrade shared a distinct price chart, highlighting past trends when Dogecoin experienced a rally to new highs.
Related Reading
In 2017, the meme coin skyrocketed to its highest level, experiencing a similar upward surge in 2021 during the previous bull run. With the 2025 bull market already ongoing, Trader Tardigrade believes that the Dogecoin price could have a repeat of historical trends and potentially surge to a new ATH target of $3.8.
Featured image from Pexels, chart from TradingView
Source link
Altcoins
Third Dogecoin ETF Filing Goes Live From Grayscale, Is DOGE Gearing Up For Rally To $1?
Published
24 hours agoon
February 1, 2025By
adminAsset manager Grayscale has become the third to file to offer a Dogecoin ETF, sparking a bullish sentiment in the DOGE community. This development has also raised the possibility of the Dogecoin price rallying to $1 soon enough.
Related Reading
Grayscale’s Dogecoin ETF Filing Sparks Optimism Of DOGE’s Rally To $1
Grayscale’s Dogecoin ETF filing has sparked optimism of a DOGE rally to $1. The New York Stock Exchange already filed the 19b-4 form with the US SEC to list and trade shares of Grayscale’s DOGE Trust. Grayscale is looking to convert the Trust into an ETF, which will make it tradeable on the NYSE.
This Dogecoin ETF filing, which is the third following the one from REX Shares and Bitwise, has further sparked optimism that DOGE could indeed reach the psychological $1 level. A potential Dogecoin ETF is bullish as it would drive institutional inflows into the DOGE ecosystem, sparking further rallies for the foremost meme coin.
Such fundamentals could serve as the catalyst for price predictions made by crypto analysts like Trader Tradigrade, who predicted that DOGE could rally above the $1 mark. In an X post, the crypto analyst remarked that the Dogecoin price is gearing up for a massive rally. His accompanying chart showed that the foremost meme coin could surge past the $1 mark and reach $3.8 when this rally occurs.
News around the Dogecoin ETF could spark a bullish reversal for the Dogecoin price, with this reversal already looking imminent. In another X post, Trader Tardigrade revealed that DOGE’s MACD Golden Cross is approaching. With the ascending triangle pattern and consecutive higher lows, the analyst further remarked that the meme coin could potentially reverse the downtrend into an uptrend.
DOGE’s Uptrend Could Begin This February
In a recent X post, crypto analyst Master Kenobi suggested that Dogecoin’s uptrend could begin this February. This came as the analyst alluded to DOGE’s performance last year. He noted that February 4th marked the first signs of an uptrend. With the month of February here again, Master Kenobi raised the possibility of history repeating itself.
However, it is worth mentioning that February isn’t exactly a historically bullish month for Dogecoin,. Since its launch in 2013, the foremost meme coin has recorded only an average monthly gain of 0.81% in February. However, as these analysts have suggested, there is still the possibility of a DOGE rebound this month, replicating the 50% gain recorded in February last year.
Ahead of this potential Dogecoin price rebound, Dogecoin whales have been actively accumulating. Crypto analyst Ali Martinez revealed that these whales have accumulated 560 million DOGE in the past week, which signals a renewed interest from large holders.
Related Reading
At the time of writing, the Dogecoin price is trading at around $0.32, down almost 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from TradingView
Source link
doge
Dogecoin May Face An ‘Ugly’ Drop Before The Weekend: Analyst
Published
2 days agoon
January 31, 2025By
adminIn a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin as weekend trading approaches. “If bears break this pattern, it’ll get ugly… especially since the weekend is coming,” Tapia warns.
Dogecoin Price Crash Incoming?
His chart posted via X depicts an ascending wedge formation running into a confluence of resistance between $0.338 and $0.343, as well as a notable support zone in the $0.31 region.
The chart highlights higher lows (marked as “LL” on the chart) forming the lower boundary of an ascending wedge. Meanwhile, overhead resistance (a rectangular zone around $0.338–$0.343) has repeatedly capped upward price movements. This wedge appears to be compressing price action—often a setup for a significant breakout or breakdown.
A horizontal resistance zone around $0.34 stands out. DOGE’s price has attempted multiple short-term moves above this level but failed to secure a confirmed breakout, suggesting sellers are firmly defending that zone.
Related Reading
On the downside, a green box spanning roughly $0.310 marks an area where buying interest has historically picked up. Below that level, the chart references a lower support marker near $0.262, indicating a more substantial potential drop if the wedge pattern breaks down decisively.
The analyst specifically points to the upcoming weekend as a wildcard. Historically, lower trading volumes on Saturdays and Sundays can exacerbate volatility. If Dogecoin fails to hold its rising trend line—currently near $0.328–$0.330—and liquidity thins out, the price could swiftly test the lower support around $0.310, or potentially slide toward the $0.262 zone if the selling momentum accelerates.
Related Reading
While a breakout above $0.343 could invalidate this bearish setup, Tapia’s cautionary note underscores the significance of a potential breakdown from the wedge formation. Weekend price action often diverges from midweek patterns due to reduced participation, meaning a sharp move in either direction could unfold more quickly than usual.
DOGE Needs To Hold $0.31
The daily chart supports Tapia’s thesis. There, Dogecoin (DOGE) finds itself under intensifying downward pressure as price action hugs a persistent downtrend line. After hitting a local high in December, DOGE has retreated below key exponential moving averages (EMAs). The 20-day EMA (currently at approximately $0.3457) and the 50-day EMA (near $0.3473) have both curved lower, signaling waning short-term momentum.
A glance at the chart reveals that DOGE is now just slightly above the 0.382 Fibonacci retracement level, calculated around $0.313. This Fib zone has acted as the most crucial support since mid-December, but any decisive daily close beneath it could accelerate selling. Traders are keeping a close eye on the 100-day EMA (around $0.3179), which is sandwiched just above this Fib level.
If the price fails to defend the area between $0.313 and $0.317, then eyes will turn to the 200-day EMA at roughly $0.2613 as a critical long-term support. If this level breaks to the downside as well, the 0.236 Fib at $0.212 could quickly become a reality.
Featured image created with DALL.E, chart from TradingView.com
Source link
One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst
Grayscale Investments Launches Bitcoin Miners ETF
What Are Pudgy Penguins? The Ethereum NFT Collection and Toy Brand
Cardano and XRP holders explore new meme coin sensation
BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs
TRUMP Price Crashes 13% Despite Donald Trump’s Pump Attempt, What’s Next?
XRP At Critical Juncture As Price Restests 21 EMA
Bitcoin and Gold Are the Cleanest Artificial Intelligence Plays, Says Macro Guru Luke Gromen – Here’s Why
Czech National Bank To Assess Bitcoin as Part of Reserve Strategy
ETH Outperforms, Gold hits ATH, Saylor on Forbes cover
How Many Official Trump Coins Are There?
Bitcoin Price (BTC) Sinks as Trump Starts Trade War
Why ETH May Drop Below $3,000 in February 2025
Dogecoin Whales Go Ham As They Buy 560M DOGE In One Week
Historical On-Chain Metric Suggests Bitcoin (BTC) Has More Room To Run, According to Glassnode – Here’s Why
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Aptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Crypto’s Big Trump Gamble Is Risky
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
A16z-backed Espresso announces mainnet launch of core product
Xmas Altcoin Rally Insights by BNM Agent I
Blockchain groups challenge new broker reporting rule
Trump’s Coin Is About As Revolutionary As OneCoin
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
Will Ethereum Price Fail $3,000 Breakout as Whale Selling Prolongs?
Charles Hoskinson Issues Major Cardano Lace Wallet Update
Spot ETFs Fail To Ignite Bitcoin Growth – Analyst
Trending
- 24/7 Cryptocurrency News3 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- 24/7 Cryptocurrency News3 weeks ago
Aptos Leverages Chainlink To Enhance Scalability and Data Access
- Bitcoin3 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Bitcoin3 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Opinion3 months ago
Crypto’s Big Trump Gamble Is Risky
- Price analysis3 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
- Blockchain3 months ago
A16z-backed Espresso announces mainnet launch of core product
- Video2 months ago
Xmas Altcoin Rally Insights by BNM Agent I