![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Dogecoin (DOGE) Price Has Bounced Back From Its Crucial Support Levels, Trading 2.54% Up
Mar 15, 2025 at 06:42 pm
Crypto market analysts are hopeful of a Dogecoin price rally all the way to $6 as the bulls take charge, bouncing back from the support of $6.
Dogecoin price has bounced back from its crucial support levels at $0.16, trading 2.54% up, and moving back to its weekly resistance of $0.175. On-chain data also shows that the DOGE address activity has surged by 400% amid strong investor sentiment. Some market analysts believe that the gates for a parabolic rally in Dogecoin are still open.
Crypto market analysts are hopeful of a Dogecoin price rally all the way to $6 as the bulls take charge, bouncing back from the support of $6. Popular crypto analyst Ali Martinez displays Dogecoin’s price movement on a weekly timeframe from 2015 through early 2025.
The technical analysis shows DOGE trading within a long-term logarithmic upward channel defined by parallel trend lines. As we can see from the above image, as long as DOGE holds above the crucial support levels, it can rally further all the way to $6 and beyond.
Active DOGE Addresses Spikes 400%
Citing on-chain data from Santiment, crypto analyst Ali Martinez highlighted a major spike in Dogecoin (DOGE) network activity. According to the report, active Dogecoin addresses have surged by 400%, reaching nearly 395,000. This significant uptick in activity underscores growing interest in the popular meme coin.
Moreover, analyst Ali Martinez also pointed out the Stochastic RSI crossover for the Dogecoin price, referring to it as the starting point of the new bullish phase. A bullish crossover in the Stochastic RSI on Dogecoin’s weekly chart could signal a potential sharp rally, based on historical trends.
Previous instances of this crossover have led to significant price surges, with gains of 88%, 187%, and even 444%.
While the expectations of a parabolic Dogecoin price rally to $6 could be far-fetched for now, it is still aiming for 200-300% gains from here onwards. Prominent crypto analyst Marzell has highlighted a critical support level for Dogecoin (DOGE) in recent technical analysis. According to the analyst, maintaining the $0.14750 level is crucial for a bullish breakout scenario.
Moreover, the analyst added that DOGE is showing promising signs of a breakout from its current falling wedge pattern. If the support holds firm, the analyst predicts a strong rally, potentially pushing DOGE prices toward the $0.46 to $0.65 range.
An increase in the DOGE user engagement could provide the meme coin the necessary momentum needed to overcome resistance levels and initiate a bullish trend.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
- "The Bank of Korea has expressed reluctance regarding discussions about including Bitcoin in foreign exchange reserves."
- Mar 16, 2025 at 01:45 pm
- "On the 16th, the Bank of Korea responded to written inquiries from Representative Cha Gyu-geun of the Joguk Innovation Party, a member of the National Assembly's Planning and Finance Committee, stating that "a cautious approach is needed regarding the inclusion of Bitcoin in foreign exchange reserves."
-
- Mutuum Finance (MUTM) Attracts Furious Investor Interest as Its Presale Speedily Advances
- Mar 16, 2025 at 01:45 pm
- With its presale speedily advancing — with Phase 3 tokens at $0.02 flying off the shelves in advance of a likely price hike — Mutuum Finance (MUTM) is attracting furious investor interest.
-
- Sleep Token are back with Even In Arcadia, their fourth album and first under RCA Records, set for release on May 9.
- Mar 16, 2025 at 01:05 pm
- The album follows their acclaimed third album,Take Me Back to Eden. To celebrate the announcement, the group has unveiled their new single, “Emergence,” which is also available on seven-inch vinyl.
-
-