Tag Archives: DOGE news

Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?

September 4, 2024 RecentlyHeard Leave a comment

Scott Matherson is a distinguished crypto author at NewsBTC with a knack for capturing the heart beat of the market, overlaying pivotal shifts, technological developments, and regulatory adjustments with precision. Having witnessed the evolving panorama of the crypto world firsthand, Scott is ready to dissect complicated crypto subjects and current them in an accessible and interesting method. Scott’s dedication to readability and accuracy has made him an indispensable asset, serving to to demystify the complicated world of cryptocurrency for numerous readers.

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Scott’s affect isn’t just restricted to the numerous discussions that his publications have sparked but additionally as a guide for main tasks within the house. He has consulted on points starting from crypto laws to new know-how deployment. Scott’s experience additionally spans group constructing and contributes to plenty of causes to additional the event of the crypto business.

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Scott stands regular within the frontlines of the crypto revolution and is dedicated to serving to to form a future that promotes the event of know-how in an moral method that interprets to the advantage of all within the society.

Bitcoin

Analyst Says Dogecoin Price Will Surge 2,500% To $2.55, Here’s When

August 11, 2024 RecentlyHeard Leave a comment

Following its worth surge in 2021, Dogecoin has develop into probably the most sought-after cryptocurrencies, with many anticipating a repeat of this efficiency. Since then, the Dogecoin worth has did not surge, leaving buyers wanting extra. Nevertheless, this era of poor efficiency could also be drawing to an in depth as a crypto analyst expects a major worth surge for the meme coin.

Dogecoin Value Headed For A New All-Time Excessive

Regardless of seeing a restoration from the latest market crash, the Dogecoin worth remains to be nicely beneath its all-time excessive worth of $0.07376 recorded in Could of 2021. For some, this can be a unhealthy signal, whereas others imagine that it implies that the meme coin is at stage for getting.

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One of many crypto analysts who’ve maintained their bullish stance on Dogecoin is Alan Santana. In a latest evaluation, Santana revealed his excessive expectations for the Dogecoin worth, predicting that the most important meme coin by market cap is headed for a brand new all-time excessive worth.

Within the evaluation, the crypto analyst revealed that he expects that the Dogecoin worth will finally attain as excessive as $2.55. This worth level, if achieved, would imply that the Dogecoin worth will see an over 2,500% enhance in worth from its present worth.

Maybe much more fascinating than the value level is the timeframe for this. Santana expressed that he expects the DOGE worth to attain this goal by 2025. It will additionally imply a 200% enhance from its present all-time excessive as nicely.

When Is The Finest Time To Purchase DOGE?

The crypto analyst additionally took time to remind readers of the significance of holding. Among the different issues outlined embody not being grasping, not being in a rush, and never making an attempt to solely promote the highest. Moderately, the crypto analyst believes that now’s the time to purchase and the one time to promote is within the yr 2025.

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In response to Santana, it doesn’t matter the place one buys Dogecoin now. So long as the value crosses $1, it might imply income no matter when the cash have been purchased. “The vital factor is to purchase pink, when costs are low,” the analyst mentioned. “The vital half is to enter the market when issues are boring and persons are away. That is the perfect time to purchase. If there may be pleasure and hype, it implies that it’s already too late.”

Lastly, the crypto analyst factors out the truth that the market strikes in waves, that means it doesn’t go up or down eternally. For Dogecoin, Santana acknowledged: “It has been happening, quickly it’ll begin to go up.”

Dogecoin price chart from Tradingview.com — DOGE worth wobbles with bearish strain | Supply: DOGEUSDT on Tradingview.com

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Bitcoin

Dogecoin Open Interest Sees Sharp 24% Drop, Where Does Price Go From Here?

August 6, 2024 RecentlyHeard Leave a comment

The entire open curiosity of any asset may also help to slim down what merchants are doing in terms of a coin, and Dogecoin is not any totally different. As with all metric, an increase or fall inside a time period could be important as merchants select to take or not take positions in that asset. In Dogecoin’s case, there was a decline within the open curiosity during the last week, and this might have some implications for the DOGE value going ahead.

Dogecoin Open Curiosity Falls 24%

In response to knowledge from Coinglass, the Dogecoin open curiosity has fallen 24% within the final week alone. This determine comes from July 18 when the open curiosity hit $707 million, going into August, with a complete open curiosity worth of $420 million.

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This decline within the Dogecoin open curiosity follows the market crash that has rocked cryptocurrencies, ultimately sending the DOGE value under $0.09 by Monday. It reveals a drastic discount within the variety of open positions, suggesting a discount in curiosity.

This isn’t the bottom that the Dogecoin open curiosity has been this 12 months. Nonetheless, it’s attention-grabbing as a result of present situation of the market. For instance, the Dogecoin value has erased most of its features from final 12 months, pushing it again towards February 2024 lows.

The correlation between the Dogecoin value and the open curiosity is now extra evident with this crash. Within the time that the open curiosity has fallen 24%, the Dogecoin value has seen round a 40% lower in value.

What Does Historic Knowledge Say?

With the correlation between open curiosity and the Dogecoin value, utilizing historic knowledge might assist to slim down what could be on the horizon for Dogecoin. For instance, the final time that the Dogecoin open curiosity noticed a pointy drop, the value additionally adopted.

In March 2024, the DOGE open curiosity peaked at $2.21 billion, and the value noticed its highest stage to this point this 12 months as effectively. Following this, there was a crash in open curiosity and the DOGE value went from $0.22 to $0.18 alongside it, all within the month of March.

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This implies that for a restoration to start for the Dogecoin value, an increase within the open curiosity could be a very good growth. If the open curiosity flattens out from right here, then the Dogecoin value might enter a part of consolidation that might see it tread round $0.08 for some time.

Primarily, nonetheless, a restoration for the DOGE value could be imminent if the Bitcoin value had been to start rising once more. On this case, a market-wide rally would see Dogecoin comply with, breaking the present bearish pattern.

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Bitcoin

Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why

August 2, 2024 RecentlyHeard Leave a comment

The Dogecoin worth reaching double-digits stays a dream for its die-hard neighborhood, regardless of the meme coin failing to assert $1 even until now. However, expectations that Dogecoin will ultimately cross $10 stay excessive as one analyst has given explanation why the most important meme coin by market cap is about to surge by greater than 7,200%.

Dogecoin To Stage A Log Breakout

Crypto analyst Javon Marks took to X (previously Twitter) to share an attention-grabbing growth on the Dogecoin chart. Marks factors out {that a} Log Breakout may very well be on the horizon for the meme coin, which could lead on to an enormous surge in worth.

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The explanation for the analyst’s optimism towards the Log Breakout are what transpired for Dogecoin the earlier two instances that it has appeared. The primary time this Log Breakout was accomplished for DOGE was again within the 2017-2018 bull market. This resulted in a 9,472% worth enhance, taking Dogecoin from a low of $0.0002 to a excessive of $0.01858.

Then once more, within the 2020-2021 bull market, Dogecoin would endure one other Log Breakout, this time resulting in an much more distinguished rally than earlier than. This was the legendary 28,882% rally of 2021 when the DOGE worth went from $0.0012 to nearly $0.74.

Given this historic efficiency and considering that breakouts like these typically rhyme with their earlier appearances, the crypto analyst believes that the Dogecoin worth is about to endure one other main rally quickly.

How Far Can DOGE Rise?

In his evaluation, Marks presents his personal expectations for the Dogecoin worth ought to the Log Breakout be accomplished. In accordance with the chart shared within the X put up, Marks expects an at the very least 7,200% enhance within the DOGE worth from the present degree. This could put the meme coin above $10 for the primary time in historical past.

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The crypto analyst explains that every Log Breakout has led to a bigger rally than the final, so this might imply that the DOGE worth may rally increased. Nevertheless, with the Dogecoin market cap already so giant, such immense rallies may very well be hard-fought from right here.

Along with Dogecoin, Shiba Inu is one other meme coin that the crypto analyst is bullish on. In an earlier evaluation, Marks identified that the second-largest meme coin by market cap had confirmed a macro Hidden Bullish Divergence. Given this, he expects that the Shiba Inu worth may rise 354% from its present degree to achieve its all-time excessive ranges round $0.000081.

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Bitcoin

Can Dogecoin Replicate Its 2021 18,000% Run? Here’s What The Chart Says

July 28, 2024 RecentlyHeard Leave a comment

Crypto analyst Kevin (previously OG Yomi) has made a bullish case for Dogecoin (DOGE). Based mostly on his evaluation, the foremost meme coin might replicate its 2021 bull run when it loved a value achieve of 18,000%.

Dogecoin Might Quickly Replicate Its 2021 Bull Run

Kevin instructed in an X (previously Twitter) submit that Dogecoin might quickly replicate its 2021 run when it made a value achieve of 18,000%. This got here following his assertion that DOGE is 2 to a few weeks away from reaching its first weekly golden cross in 4 years. The analyst famous that the meme coin went “parabolic” for six straight months and loved a value rally of 18,000% the final time this occurred in 2021.

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Supply: X

Crypto analysts like Javon Marks have additionally raised the potential for Dogecoin replicating its 2021 run and even surpassing it at completely different factors on this market cycle. Marks predicted that the foremost meme coin might get pleasure from a value rally of over 21,000% in this bull run and rise to $17. This prediction is predicated on Dogecoin’s historic breakout development, by which the meme coin has loved extra important value rallies in each subsequent bull run.

Extra just lately, Marks acknowledged that Dogecoin’s rise to $0.6533 is simply a matter of time and that the meme coin might get pleasure from a 90% value rally to $1.25. Whereas the analyst’s value prediction of $17 is undoubtedly bold since it is going to give Dogecoin a market cap of about $2.4 trillion, the value goal of $1 seems to be extra possible, and this can be a value degree that another analysts, like Altcoin Sherpa, have agreed that DOGE can attain.

Within the meantime, buyers hope that Dogecoin can efficiently obtain the Golden Cross and that historical past will repeat itself. DOGE is effectively in want of such a transfer, contemplating how the foremost meme coin has underperformed compared to different main meme cash like Pepe (PEPE), Floki (FLOKI), and Dogwifhat (WIF).

One Final Alternative To Purchase DOGE

Crypto analyst The Cryptomist just lately instructed that buyers can have one final alternative to purchase Dogecoin at a reduction earlier than it makes its parabolic transfer. Based mostly on a rising wedge sample highlighted on Dogecoin’s chart, she predicts that the foremost meme coin will nonetheless drop to as little as $0.08 and probably $0.05.

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Nevertheless, she is bullish on Dogecoin long-term, stating that the foremost meme coin has a “excessive likelihood” of reaching $1 this yr. Crypto analyst Crypto Kaleo additionally just lately predicted that Dogecoin might drop to as little as $0.08 earlier than it runs to $1.

On the time of writing, Dogecoin is buying and selling at round $0.129, up over 4% within the final 24 hours, in keeping with information from CoinMarketCap.

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Bitcoin

Here’s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It

July 22, 2024 RecentlyHeard Leave a comment

On Sunday, the Bitcoin value noticed a sudden crash that despatched the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash noticed $2,000 wiped off the Bitcoin value in mere minutes, bringing it again down under $66,000. Whereas this decline didn’t final on the time, there have been a number of elements behind it, which inflicted fear in crypto buyers throughout the house.

Why Did The Bitcoin Value Fall?

The Bitcoin value crash under $66,000 had one main issue behind it and that was the US President Joe Biden. For months now, the battle between President Joe Biden and former US President Donald Trump had raged on, with the 2 being the main candidates for the place.

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Nonetheless, on Sunday, President Joe Biden made a stunning revelation, saying that he was formally stepping down from the presidential race. Within the announcement on X (previously Twitter), which has thus far garnered over 330 million views, Biden mentioned that he was going to prioritize his duties as a president for the rest of his present 4-year time period, rejecting the Democratic Celebration nomination.

In the identical announcement, President Biden supplied his assist to Vice President Kamala Harris, to tackle the presidential ticket for the Democratic Celebration. He additionally urged the social gathering supporters to come back collectively and beat Donald Trump, who’s the strongest opponent thus far.

pic.twitter.com/RMIRvlSOYw

— Joe Biden (@JoeBiden) July 21, 2024

Following the announcement, the crypto market responded rapidly, with the Bitcoin value plunging sharply. On the identical time, cash like Dogecoin and Shiba Inu adopted go well with, dropping round 3% every in response to the announcement.

Dogecoin, Shiba Inu Refuse To Keep Down

Identical to the plunge in value, the Bitcoin restoration was simply as swift, rising to new month-to-month highs. The value finally crossed $68,000 on Sunday, taking the crypto market with it. In response, Dogecoin and Shiba Inu adopted, notching notable good points from their lows.

For Dogecoin, the value rose again above $0.14 after falling under $0.128. This noticed its total each day good points on the time shoot up above 4%, with its each day buying and selling quantity additionally seeing a big climb above $20 billion in in the future.

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In the identical vein, the Shiba Inu value additionally rose from its lows of $0.0000173 to rise above $0.0000184. Nonetheless, not like Dogecoin, the Shiba Inu each day buying and selling quantity stays muted, with round $383 million on the time.

As for the Bitcoin value, it continues to guide market bullishness, nonetheless holding the $67,000 assist following the restoration. This interprets to an roughly 12% improve within the crypto’s value within the final seven days.

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Bitcoin

Dogecoin Flashes Same Pattern That Led To 2021 Surge, Here’s The Target

July 16, 2024 RecentlyHeard Leave a comment

Crypto analyst Dealer Tardigrade has highlighted a historic sample that led to the Dogecoin worth surge in 2021. Based mostly on his evaluation, the foremost meme coin is prepared for the same worth rally, which may occur quickly sufficient.

Dogecoin Repeating Chart 2021 Sample

Dealer Tardigrade talked about in an X (previously Twitter) submit that Dogecoin is repeating the identical chart sample from 2021. He famous that the meme coin was “able to go” and steered that Dogecoin’s worth rally would start as soon as the bull run returns into full gear. Dogecoin made an unimaginable run of over 28,000% in 2021, which means that such a formidable worth rally is likely to be on the horizon once more for the foremost meme coin.

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Supply: X

Crypto analyst Javon Marks had beforehand predicted that Dogecoin would make a greater run than it did within the 2021 bull run. He made this prediction as a result of the meme coin has at all times surpassed its earlier run in each subsequent bull run. Based mostly on this, Marks predicted that Dogecoin may rise to as excessive as $17 on this market cycle.

Crypto analyst Ali Martinez additionally as soon as predicted that Dogecoin may rise to double digits on this market cycle. He made this prediction whereas noting that the meme coin mirroring its 2021 sample. He added that this could possibly be a “huge parabolic bull run” for Dogecoin if that had been the case.

These crypto analysts type an extended checklist of individuals who’ve made bullish predictions for Dogecoin. Though not as bullish as Marks and Matinez, somebody like crypto analyst Kevin (previously OG Yomi) has predicted that Dogecoin may rise to as excessive as $3 on this bull run. Crypto analyst Altcoin Sherpa additionally predicted that Dogecoin will finally rise to $1in this market cycle.

In the meantime, crypto analyst Andrew Kang made a bullish case for Dogecoin heading into the latter elements of the bull run. He said that meme cash account for a lot of the altcoins that can make new highs by year-end or the start of 2025.

DOGE Prepared For A Enormous Reboud

Dealer Tardigrade not too long ago predicted that Dogecoin may rise to as excessive as $0.14 when it makes this “large rebound.” He made this prediction whereas stating that the meme coin has been “enjoying Wyckoff Accumulation,” which means that Dogecoin whales have been including their positions. The crypto added that “spring is right here proper now,” alluding to the large bounce that Dogoicoin may make from its present worth degree.

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Dogecoin was some of the affected cash following the current market downtrend. This was primarily because of the meme coin’s sturdy worth correlation with Bitcoin. Nonetheless, with the flagship crypto again above $60,000, Dogecoin additionally seems primed for a large rally, which may ship its worth to new highs.

On the time of writing, Dogecoin is buying and selling at round $0.11, up over 3% within the final 24 hours, based on knowledge from CoinMarketCap.

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Bitcoin

Dogecoin Price In Trouble Amid 108 Million DOGE Dump On Robinhood

July 11, 2024 RecentlyHeard Leave a comment

Dogecoin has been in a worth decline for the previous seven days as the whole crypto market continues to be dominated by a worry sentiment. Moreover, the meme cryptocurrency lately encountered rejection resulting from contemporary bearish strain. This occurred because the cryptocurrency tried to get better a number of the losses it had sustained final week.

In keeping with varied social media posts by whale transaction tracker Whale Alerts, there have been a number of situations of huge Dogecoin transfers out and in of exchanges throughout this worth decline, with the latter being prevalent and contributing to the decline. Notable amongst these transfers is the switch of 108.5 million DOGE tokens into Robinhood

DOGE Worth In Bother

Transaction particulars from the blockchain present that the 109 million DOGE tokens have been transferred from a non-public tackle “DF8jRK” to “DHQsfy,” an tackle linked to the American retail crypto platform Robinhood.

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On the time of switch, the tokens have been collectively value $11.58 million, making it one of many largest Dogecoin transactions in 30 days. Consequently, the switch to Robinhood, a serious crypto change, suggests the whale could also be making ready to promote their DOGE holdings, which may drive the worth down.

🚨 108,572,027 #DOGE (11,580,883 USD) transferred from unknown pockets to #Robinhoodhttps://t.co/rKRBitf8Qy

— Whale Alert (@whale_alert) July 8, 2024

Typically talking, whale transfers into cryptocurrency exchanges like this one contribute to a pessimistic sentiment amongst retail buyers. It’s attention-grabbing to notice {that a} thorough examination of the info on the blockchain reveals that this isn’t the primary time that the unnamed whale tackle has moved huge quantities of Dogecoin tokens to Robinhood in what seems to be selloffs. As reported by NewsBTC, an analogous transaction occurred in October 2023, when 71.2 million DOGE tokens have been dumped into Robinhood by tackle “DF8jRK.”

What’s Subsequent For Dogecoin?

This newest sell-off on Robinhood is simply the most recent setback for the favored meme cryptocurrency, which has been experiencing a difficult stretch.

Over the previous month alone, DOGE has shed round 25% of its worth, bottoming out under $0.10 for the primary time since February. Consequently, the meme cryptocurrency has misplaced a sizeable chunk of the positive aspects it had collected through the first half of the 12 months, when it peaked at $0.22.

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On the time of writing, DOGE is buying and selling at $0.108 and remains to be in an energetic sell-off within the broader cryptocurrency market. In keeping with common price knowledge from IntoTheBlock, Dogecoin bulls would want to slice by many resistance factors round $0.109, $0.113, $0.117, and $0.1209 earlier than regaining full bullish momentum from retail buyers. This requirement for bullish momentum was additionally reaffirmed by Crypto Each day Commerce Alerts, which identified that the worth of DOGE should stabilize above $0.1080 and $0.1150 to be thought of bullish.

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Bitcoin

Comparing The Profitability Of The Top Meme Coins

July 6, 2024 RecentlyHeard Leave a comment

Holders of the highest meme cash have witnessed tough worth motion prior to now few weeks. The vast majority of meme cryptos have crashed exhausting over the last week, with losses of over 20% in every asset throughout the board. Notably, holders of the highest meme cash Dogecoin, PEPE, and Shiba Inu have been disillusioned, as the value drop means a lot of them have now fallen out of profitability.

Curiously, IntoTheBlock’s “In/Out Of The Cash” metric exhibits a various degree of profitability in every meme coin, and it looks like SHIB holders are presently feeling the warmth essentially the most.

Evaluating The Profitability Of The High Meme Cash

Dogecoin, Shiba Inu, and PEPE are the highest OG meme cash. Dogecoin and Shiba Inu have grown through the years and are pushing themselves to the easiest as they give the impression of being to improve from the meme token standing. PEPE, the most recent of the bunch, just lately joined the ranks after robust rallies in.

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March and Might. Nevertheless, current market dynamics have seen these fun-branded cryptocurrencies taking a brutal beating, with every plunging over 20% and over 40% prior to now seven and 30 days respectively.

Dogecoin, the OG meme coin and king of the meme market, has plummeted by 24% and 41.8% prior to now seven and 30 days, respectively. The self-proclaimed “Dogecoin killer,” Shiba Inu, has additionally misplaced a few of its bites in current weeks and is down by 23.5% and 49% prior to now seven and 30 days, respectively. Even the web’s favourite frog, PEPE, couldn’t escape the downturn. The meme-inspired crypto has been down by 34.5% and 45.6% prior to now seven and 30 days, respectively.

IntoTheBlock’s profitability metric follows wallets which are “within the cash,” “on the cash,” and “out of the cash.” “Within the cash” tracks these making a revenue on the present worth, whereas “out the cash” tracks these in losses. In keeping with the International In/Out of the Cash, 3.43 million Dogecoin addresses, representing 54.05% of complete addresses, are nonetheless in revenue, whereas 1.77 million addresses, representing 27.93% of complete addresses, are actually at a loss.

Equally, 58% of PEPE holders (155,810 addresses) are within the cash, whereas 32.36% (86,940 addresses) are in losses. Then again, solely 20.47% (274,540 addresses) of SHIB holders are getting cash at its present worth, whereas a 52.46% majority (703,700 addresses) are swimming in losses.

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Is It Time To Purchase Dogecoin, Shiba Inu, And PEPE?

On the time of writing, Dogecoin is buying and selling at $0.09535, Shiba Inu is buying and selling at $0.00001321, and PEPE is buying and selling at $0.000007991. Whereas all three cryptos are nonetheless susceptible to additional worth declines, the current double-digit dips might current a horny alternative for meme coin fans to “purchase the dip.”

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Bitcoin

Dogecoin Flashes Major Bullish Signal On 3-Day Chart, Here’s The Target

July 2, 2024 RecentlyHeard Leave a comment

Dogecoin (DOGE) may very well be on the point of a significant bullish reversal based mostly on a technical indicator not too long ago flashing a bullish sign for the meme coin. Whereas highlighting the bullish sign, crypto analyst Ali Martinez additionally hinted at how excessive Dogecoin may rise when this reversal happens.

A Rebound For Dogecoin On The Horizon

Martinez talked about in an X (previously Twitter) put up that the TD Sequential is presenting a purchase sign on Dogecoin’s 3-day chart, thereby “predicting a rebound of 1 to 4 candlesticks for DOGE.” Primarily based on the chart he shared, Dogecoin may take pleasure in a reversal to round $0.17, the realm wherein it started its downtrend in early June.

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Supply: X

An enormous rebound for Dogecoin will undoubtedly be a welcome improvement for its holders, who’ve needed to take care of the meme coin’s bearish outlook for a while now. Dogecoin didn’t make any spectacular rally, whereas different foremost meme cash rallied following Roaring Kitty’s return.

In the meantime, the meme coin took one of many worst hits following the latest avalanche that plagued the crypto market. Bitcoin led altcoins on a downward development in direction of the top of June. Nonetheless, with the flagship crypto reversing and again above $63,000, Dogecoin may additionally take pleasure in a formidable restoration from its present worth degree.

Furthermore, information from the market intelligence platform IntoTheBlock reveals a sturdy optimistic correlation between Dogecoin’s worth and Bitcoin’s. As such, Dogecoin may considerably transfer to the upside because the flagship crypto rebounds.

Crypto analyst Kevin (previously OG Yomi) additionally not too long ago offered a bullish narrative for Dogecoin. He said that his indicator had flashed a weekly purchase sign for the primary time because the meme coin was at $0.05. Moreover, Kevin famous that Dogecoin is about two inexperienced weekly candles away from confirming its first weekly golden cross in 4 years. He claimed that that is one thing to look at, suggesting that Dogecoin’s rally may very well be parabolic when this occurs.

DOGE Might Attain $0.6 On Subsequent Leg Up

Crypto analyst Javon Marks not too long ago predicted that Dogecoin may attain $0.6 on its subsequent leg up. He said that the transfer in direction of the breakout goal at $0.6533 “could also be a matter of time, and costs may very well be getting ready right here for a break above.” The crypto analyst appeared assured as he once more reaffirmed {that a} worth rally of over 400% to succeed in this goal may already be loading.

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Marks had beforehand predicted that Dogecoin would rise to as excessive as $17 on this bull run. He claimed that such a meteoric transfer was attainable based mostly on the meme coin’s historic development. He famous that the foremost meme coin has all the time made a bigger run in each subsequent bull run, that means it may take pleasure in a rally that can overshadow its worth transfer of twenty-two,800% within the 2021 bull run.

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