Dogecoin (DOGE) Produces Long Wick on 1D Chart, IntelMarkets (INTL) Emerges as the Best Crypto to Buy Now

The next-generation altcoin has captivated the attention of the crypto community with its bullish price growth of over 810%.

Dogecoin (DOGE) price has caught the attention of investors once again with its long wick formation on the daily 1D chart. Top crypto analysts are predicting massive price pumps, with some expecting DOGE to skyrocket to $1. Meanwhile, IntelMarkets (INTL) has emerged as the best crypto to buy now.

Trader Tardigrade, a top crypto analyst, believes Dogecoin (DOGE) crypto still has the potential for a massive rally. According to Tardigrade, Dogecoin (DOGE) has produced a long wick on the daily chart.

The analyst noted that this same long wick occurred in late 2024 before the Dogecoin price rallied to $0.47. Now, the memecoin is again approaching a crucial price level.

Trader Tardigrade forecasts the value of this memecoin might pump to $1.10 in the coming months. Javon Marks, another analyst, says the Dogecoin crypto price might skyrocket to $0.6533 after a major breakout response.

If this happens, Javon expects another rally to $1.25111 in the subsequent days. In the meantime, the Dogecoin price is trading between $0.2237 and $0.3398 in the weekly timeframe.

CoinMarketCap data indicates its value has declined by 18.6%. The cryptocurrency is currently attempting to reclaim the $0.4 level after a recent downtrend on Monday.

Dogecoin Price Analysis: DOGE Price Drops After Recent Rally, Key Support At $0.34

Dogecoin (DOGE) price had a rough start to the week, as the meme coin dropped by 18% in the past seven days. After a recent rally, DOGE price faced a major breakout resistance at $0.47.

However, Dogecoin price faced a strong rejection at this level and dropped below the 50 moving average (4-hour chart). After breaking out of this support level, DOGE price dropped to a crucial support level at $0.34.

Dogecoin (DOGE) price is now trading above this support level, as bulls attempt to keep DOGE from falling further. If this support level breaks down, the next major support level is around $0.28.

On the upside, the first resistance level for DOGE price is around $0.4. Breaking above this resistance could lead to a move towards the next resistance level at $0.47.

Overall, Dogecoin (DOGE) price is still in a downtrend, but bulls are attempting to keep the meme coin from falling further. If the support level at $0.34 breaks down, DOGE price could fall further in the coming days.

Dogecoin (DOGE) is showing signs of strength despite the recent correction in the cryptocurrency market. The meme coin is up by 10% in the past 24 hours and is now trading at $0.38.

Dogecoin (DOGE) price had a good week, as the meme coin surged by 30% in the past seven days. After rising to a local high of $0.47, DOGE price faced a strong rejection at this resistance level and dropped back below the 50 moving average (4-hour chart).

If this support level breaks down, the next major support level is around $0.28. On the upside, the first resistance level for DOGE price is around $0.4. Breaking above this resistance could lead to a move towards the next resistance level at $0.47.

Overall, Dogecoin (DOGE) price is still in a downtrend, but bulls are attempting to keep the meme coin from falling further. If the support level at $0.34 breaks down, DOGE price could fall further in the coming days.