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Dogecoin (DOGE) price prediction

Updated: Apr 17, 2025
Published: Aug 7, 2024
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Dogecoin price prediction remains as volatile as ever, with its all-time high of $0.6878 driven by celebrity endorsements and viral trends pushing its value in unexpected directions. As one of the most recognised meme coins, Doge’s price continues to present opportunities for both high rewards and risks.

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We at Cryptonary provide you with the most accurate price prediction for all sorts of coins. You can also request an on-demand Doge price prediction by joining our Discord Community.

Our Price Prediction Model

We take a unique approach, steering clear of automated methods that often lead to inaccurate predictions. Accurately predicting crypto prices requires considering multiple factors.

That’s why our team of Cryptonary analysts conducts thorough research on each cryptocurrency, providing you with detailed price predictions based on technical analysis. This approach helps you make well-informed decisions to maximise your profits. Our predictions are rooted in solid technical analysis rather than general opinions or market sentiment. We also offer services like:

Our team has successfully predicted impressive gains for coins like Dogwifhat, Popcat, and SPX when their prices were as low as $0.005, $0.003, and $0.01, respectively. As of 9th December 2024, Dogwifhat is valued at $3.34, Popcat at $1.32, and SPX at $0.6441. Investors who acted on our guidance early on have enjoyed substantial returns.

Now, let’s explore our Dogecoin price prediction.

DOGE eyes rejection at $0.18

12 March 2025


DOGE  may see short-term relief bounces, but bearish momentum remains strong. With key resistance at $0.18-$0.20, traders anticipate rejection and further downside in weak liquidity conditions.


Market context

  • The softer CPI print has the potential to trigger a relief bounce, but meme coins remain among the weakest risk assets. They will likely participate in the bounce but ultimately roll over.
  • DOGE is showing early signs of bottoming, but this does not signal a full reversal. Instead, we anticipate a rally into resistance before further downside continuation.
  • The broader risk-off sentiment remains intact, meaning any bounces are selling opportunities.

Technical analysis & market mechanics

  • DOGE has retraced ~70% from cycle highs, printing a new low on March 11.
  • RSI is forming a wedge pattern, signalling a potential short-term bounce but still in a downtrend.
  • Immediate short-term resistance sits at $0.18 - $0.20-this is the most likely level for rejection.
  • A stronger relief rally could extend to $0.24, but momentum is expected to fade before then.
  • The downside target remains $0.10 - $0.12, aligning with RSI potentially entering oversold territory.
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  • Next Support: $0.1200
  • Next Resistance: $0.1800
  • Direction: bullish
  • Upside Target: $0.1200
  • Downside Target: $0.200

Trade plan: short setup on resistance

  • Short entry: If the price moves into $0.18 - $0.20, we will short aggressively, which stops at $0.22 and targets at $0.14, then $0.10 - $0.12.
  • Secondary short: If the price extends to $0.24, this strengthens conviction for an even stronger short setup.
  • If $0.14 breaks down, we step back and wait for confirmation before adding further shorts.

Cryptonary's take

DOGE is very similar to PEPE and will likely bounce in the short term, but this is a fading opportunity, not a reversal. The CPI print could create a temporary relief move, but again, liquidity conditions remain weak, meaning DOGE is unlikely to sustain gains. We expect rejection at $0.18 - $0.20, providing a clean, short setup for the next leg down.


Will DOGE hit the $0.10 downside?

05 March 2025


DOGE is holding key support, but caution remains as resistance looms. A breakdown could send prices lower, while RSI hints at a potential bounce. Market conditions will dictate the next move.

Technical analysis

  • $0.191 is key support, and the price is currently holding above it.
  • DOGE has held up well compared to the rest of the market but was also bid off the back of the Crypto Reserve news.
  • The price moved up 20% before fully retracing that move. DOGE has a key support at $0.191, which has held strong so far in recent context.
  • We have resistance at around $0.24 which was marked off the back of the crypto reserve pump.
  • RSI on the daily is just above oversold territory which may mean we can see a short-term bounce, particularly as the RSI sits above its moving average. A clear bull reversal would be a breakout of the RSI's downtrend line.
  • If a breakdown happens, $0.14 is the next major level where liquidity is positioned.
  • DOGE has already pulled back significantly, but further downside isn't off the table, especially if market-wide de-risking continues.
Dogecoin (DOGE) daily chart showing price action, key support and resistance levels, descending trendlines, RSI indicator, and potential downside target areas in a bearish market structure.
  • Next Support: $0.18360
  • Next Resistance: $0.2400
  • Direction: Neutral
  • Upside Target: $0.2400
  • Downside Target: $0.1000

Cryptonary's take

DOGE is in a different spot compared to most other assets, having already pulled back quite a bit. While $0.191 is holding for now, caution is needed, and this wouldn't be a level to bid. If market conditions worsen, $0.10 could come into play in the longer term and we have shorter-term support being $0.14, which price could roll over to after a little bounce to the upside. We'll monitor how this support holds up, but for now, the approach is to remain cautious.


Oversold DOGE eyes relief at $0.24

26 February 2025


Meme coin weakness continues as DOGE struggles to hold key support. With traders shorting and the price in a downtrend, can oversold conditions trigger a relief rally, or will further declines follow? Let’s analyze the latest price action.

  • DOGE currently has a negative Funding Rate of -0.006%, indicating that there is more interest amongst traders going Short than Long.
  • Price broke out of its downtrend but it unfortunately rejected the local resistance of $0.284.
  • Price then broke $0.24 and has pushed down to new lows.
  • Price has now seemingly found some support between the $0.203 and $0.219 zone.
  • The area of $0.181 to $0.219 is a big area of support, but granted it's a large zone.
  • The RSI is in oversold territory, and it's below it's moving average, whilst being in a longer-term downtrend. This isn't great. But, the oversold conditions could help produce a small bounce in the very near term, more of a small relief rally.
1. A daily chart of Dogecoin (DOGE) against USDT on Binance. Price is testing support around 0.21, with resistance at 0.284. RSI is oversold.
  • Next Support: $0.181
  • Next Resistance: $0.219
  • Direction: Neutral
  • Upside Target: $0.24
  • Downside Target: $0.181

Cryptonary's take

Like most Alts/memes, DOGE has pulled back substantially from its highs. Price has now entered what should be a relatively strong support zone whilst the indicators are oversold.

This may set up for a small relief rally in the immediate term, although we do think its upside is limited. It's possible we see a retest of $0.24, but perhaps that's as good as it gets in the short term. Beyond that, we expect $0.18 to be tested in the coming weeks/month.


Can DOGE hold $0.219 support?

18 February 2025


DOGE remains under pressure as resistance at $0.285 holds strong. With BTC showing weakness and RSI nearing oversold levels, can support at $0.24 hold, or is a retest of $0.20 coming? Let’s analyze the charts.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • DOGE has remained in its downtrend since the start of the year, and the rice broke out to the upside recently.
  • Price couldn't sustain a breakout and probably rejected the first potential stumbling block, which was the local horizontal resistance at $0.285. The price is now back towards the lows.
  • If $0.24 can't hold as local support, then the support area of $0.20 to $0.21 will likely be tested in the coming weeks and months. We're expecting this to happen.
  • The RSI is still in a downtrend, and it's not far away from being oversold, whilst it's also sat on top of its moving average. This may mean we can see some upside. But, it's not a strong enough signal, until we see a breakout of the RSI downtrend line, which is still a while away.
8. Dogecoins daily price action, showing resistance at 0.285 and potential downside targets at 0.20, with RSI reflecting a bearish trend.
  • Next Support: $0.219
  • Next Resistance: $0.285
  • Direction: Bearish
  • Upside Target: $0.285
  • Downside Target: $0.20

Cryptonary's take

We're watching DOGE closely as this is one of our main gauges as to whether Alts/memes can start moving more aggressively again. In the short term, we are expecting more downside, and we do see the $0.20 to $0.22 levels as likely to be retested.

For now, we'll remain patient and see if we're right on our thesis. And if we are, we'll come back and reassess as to whether we take action on DOGE in and around the $0.20 levels.


DOGE’s next move: $0.30 breakout or dip?

13 February 2025


Dogecoin struggles below $0.266 resistance, with downside pressure toward $0.22. A breakout above $0.30 is needed for bullish momentum, but short-term sentiment remains weak as DOGE trades within a tight range.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • Since DOGE wicked into the support zone of $0.20 to $0.22, it has rebounded and it has been range bound between $0.24 and $0.26.
  • Price is currently beneath the main structure, and in order for price to become structurally bullish again, it would need to reclaim back above $0.30 horizontal resistance, which we don't see as likely in the short or medium term.
  • Price is currently trying to break out of a local downtrend line, but it is running into the local horizontal resistance of $0.266.
  • The RSI is coming off of oversold territory and it is now above its moving average. This may allow for a move higher.
1. Dogecoin (DOGE) daily chart showing price action, key support and resistance levels, trendlines, and RSI indicator analysis for market direction.
  • Next Support: $0.22
  • Next Resistance: $0.26
  • Direction: Bearish
  • Upside Target: $0.30
  • Downside Target: $0.22

Cryptonary's take

Unless we can see a comfortable reclaim of the local horizontal resistance of $0.266, which we're not expecting. Then, we'll likely see $0.22 retested again. For now, DOGE doesn't look attractive to us here, and in the immediate term, we are expecting a retest of $0.24, and probably a retest of the main horizontal level at $0.22.


DOGE stuck between $0.22 and $0.30

05 February 2025


DOGE is stuck between $0.22 and $0.30, struggling to reclaim key levels. With RSI signalling oversold conditions, could a bounce be next? Let’s analyze the price action and see what’s ahead.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • DOGE has been downtrending since early December, and the rice has broken below the main horizontal support at $0.30.
  • During Sunday/Monday's capitulation event, the price wicked into the old horizontal levels and price bounced from $0.20.
  • Price is now range bound between $0.22 and $0.30, and we have little interest whilst it's in this range.
  • In order to get a bullish reversal, we'd need to see DOGE reclaim the $0.30 horizontal level.
  • The RSI is close to oversold territory, and it's currently printing a bullish divergence. This may help aid a move higher, potentially back into $0.29.
1. Dogecoin (DOGE) daily price chart on Binance, showing key support at 0.22 and resistance at 0.30. RSI indicates oversold conditions.
  • Next Support: $0.22
  • Next Resistance: $0.29
  • Direction: Neutral/Bearish
  • Upside Target: $0.30
  • Downside Target: $0.20

Cryptonary's take

Out of all the memes, DOGE was the last one to have a material breakdown, and it came during the liquidation event. But, DOGE now finds itself below the key bullish horizontal level of $0.30, which suggests we won't have any material upside (at least above $0.30) in the short term. In the immediate term, we're expecting the price to be range-bound between $0.22 and $0.29.

It may be worth a Long around the $0.22 area and just play a Long trade from the bottom of the range. But, other than that, we're not too interested in DOGE here, and we'll be patient and see how this move/range develops.


Dogecoin testing key $0.35 level

31 January 2025


Dogecoin ($DOGE) holds support at $0.30 and is testing resistance at $0.35. A breakout could push it to $0.40, but traders remain cautious. Can DOGE lead the meme rally?

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • DOGE has once again held the major horizontal support at $0.30, and the price has bounced from there.
  • Price is attempting a breakout of its main downtrend line, as well as its local downtrend line.
  • The key level for the price to reclaim will be the horizontal resistance of $0.35. Beyond that, $0.39 is the main horizontal resistance.
  • The RSI is in the middle territory, but it's also now butting up into its moving average, which may become resistance.
7. DOGEUSDT daily candlestick chart with resistance and support levels, downward trend line, and RSI indicator suggesting potential movement.
  • Next Support: $0.30
  • Next Resistance: $0.35
  • Direction: Neutral/Bullish
  • Upside Target: $0.40
  • Downside Target: sub $0.30

Cryptonary's take

Again, whilst we're sceptical of a major breakout, we're still watching intently. A breakout for DOGE above $0.35 would likely be mega and give other Alts/memes the fuel to run higher also. DOGE is also now the only major meme that's held its structure (it hasn't broken below key support of $0.30), whereas everything else (major memes-wise) has.

If DOGE can recover and break higher, that would be great for other memes. We're sceptical of a major breakout, and we think $0.35 might be a sticking zone for the price, but let's see how this unfolds over the weekend.


DOGE accumulation zones remain strong

30 January 2025


Market context

Dogecoin remains firmly within the $0.30-$0.35 buy box, showing resilience despite a 45% drawdown from its recent highs. It has recovered well and continues to hold strong at this accumulation zone. While Bitcoin remains dominant, Dogecoin's breakout from its bearish DOGE/BTC structure highlights its significance this cycle.

DOGE/USD analysis

  • Buy box: $0.30-$0.35 is still the key accumulation zone, supported by strong demand.
  • Price action: A weekly hammer candlestick is forming, indicating strong buyer interest. The weekly close will provide more clarity.
  • If support breaks: A break below $0.30 would require reassessing the buy box after a confirmed weekly close below this level.
Dogecoin (DOGE) daily chart on Binance highlighting key buy zone between $0.30-$0.35, with price action forming a potential reversal setup

Playbook

Spot accumulation: Continue building positions in the $0.30-$0.35 range, as it remains a high-probability zone.

Upside targets

  • DOGE/USD: First target at $0.43, with a mid-term target at $0.75.
  • DOGE/BTC: Targeting the October 2022 high.

Cryptonary's take

Dogecoin has held up well within its buy zone, showcasing resilience and strong support. The recovery from its recent drawdown highlights renewed interest and demand. While consolidation is possible, this remains an excellent area to accumulate, with clear upside targets and room for further growth.


Dogecoin eyes breakout at $0.415

24 January 2025


Dogecoin ($DOGE) hovers near $0.35 support, eyeing a potential move to $0.415 resistance. BTC’s market direction adds uncertainty—can DOGE break out or face downside risks? Let’s dive into the analysis.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • DOGE broke out of its downtrend line, but the rice was rejected into the horizontal resistance that was the old order block at $0.41.
  • Price has pulled back, and it is now testing the downtrend line as support, whilst it's also sat on top of the horizontal support of $0.35 (which was prior horizontal resistance).
  • It's pivotal that the price holds $0.35; otherwise, $0.30 will likely be tested, and beneath that, there's not a lot of support until around $0.20, so it's a really key level to hold.
  • The key level for price to break out from is the $0.40 to $0.415 range. This would likely send the price back to the highs.
  • The RSI has been range-bound and in a middle territory. However, currently, it is struggling to get above its moving average, meaning some downside might be possible.
7. Technical chart for Dogecoin (DOGE) showing resistance, support, and RSI analysis for potential price direction.
  • Next Support: $0.35 (then $0.30)
  • Next Resistance: $0.40 to $0.415Direction: Neutral
  • Upside Target: $0.415
  • Downside Target: $0.30

Cryptonary's take

Like BTC and the rest of the market, price action has been whip-sawing, and from a zoomed-out perspective, it's pretty boring. We'll ultimately wait to see how DOGE and its range resolves itself.

But a BTC moves down beneath $100k, and that could spell pain for some of these ALTS/Memes. For now, though DOGE is in an ok spot, it just needs to hold these key horizontal supports.

If BTC can hold up, then it's possible we will see DOGE move up from its current support back to $0.40. That'll then be the testing point as to whether it can break out or not. But again, this is another that's hard to call and likely just dependent on which way BTC breaks.


Dogecoin in 2025: Opportunities and Outlook

23 January 2025


Market context

Dogecoin has regained momentum, fueled by the Trump narrative and the Department of Efficiency, creating new demand and attention. Breaking out of its long-term bearish structure on DOGE/BTC, while Bitcoin remains one of the strongest-performing assets this cycle, is significant.

Few assets have managed to reclaim their March 2022 sell-off levels, let alone trade above them. Dogecoin has done both, solidifying itself as a leader among hype-driven assets.

DOGE/BTC

Looking at the DOGE/BTC chart from a macro perspective, Dogecoin has been in a clear downtrend since its peak in May 2021, followed by a series of lower highs:
  • October 31, 2022: A lower high formed.
  • March 2024: Another lower high, reinforcing the bearish trend.
However, the recent surge has broken this bearish structure, which is huge given Bitcoin's dominance this cycle. BTC has been the top performer and has pulled capital toward it, making this breakout even more meaningful.

We are now targeting the October 2022 high, as it serves as the next logical level for DOGE/BTC to test. Could DOGE/BTC reach its all-time high again? Potentially, as the cycle progresses, retail capital returns to the market. However, competing directly with BTC for capital this cycle will be tough, so keep expectations realistic while watching for continued strength.

1. Dogecoin to Bitcoin (DOGEBTC) chart showing a breakout from a long-term downtrend with resistance levels and potential upside targets.

DOGE/USD

Switching to DOGE/USD, we see a clear accumulation zone between $0.30 and $0.35. This area has consistently attracted aggressive buying, particularly during the surge from October 7th to November 25th, 2024, when demand picked up significantly.
  • Key Support: $0.30-$0.35 remains the primary accumulation area.
  • Upside Potential: The immediate upside target is $0.43, with a mid-term target of $0.75, which aligns with the all-time high.
From a probabilistic standpoint, the focus should remain on whether the price is more likely to revisit the $0.30 range for accumulation or push toward its next key level at $0.43. This buy zone is prime for low-leverage strategies, making it a great opportunity to gain exposure with manageable risk.

2. Dogecoin to USD (DOGEUSD) chart displaying accumulation zones, key support at 0.30-0.35, and upside targets at 0.43 and 0.75.

Open Interest

Open interest on Dogecoin has ramped up significantly, particularly over the last few months into 2025. When looking at the open interest chart dating back to 2021, this is the highest level we've seen by a mile, reflecting strong demand for leveraged positions on Dogecoin.

This increase in open interest, combined with aggressive buying in the spot market, highlights renewed interest in Dogecoin as a speculative asset. Although funding rates remain flat for now, the heightened open interest suggests that traders are positioning for significant moves, either to the upside or downside.

3. Dogecoin futures open interest chart depicting rising demand for leveraged positions alongside DOGE price trends over time.

Playbook

Spot accumulation

  • Build positions in the $0.30-$0.35 buy zone, which has proven itself to be a strong level of demand.

Low-leverage strategy

  • Utilize 2x or 3x leverage from around $0.30 for controlled exposure. This allows for a relatively low-risk approach while taking advantage of the clear accumulation zone.

Upside targets

  • DOGE/USD: Watch for $0.43 as the next key level and $0.75 as the mid-term target.
  • DOGE/BTC: Focus on the October 2022 high as the next key resistance level.

Cryptonary's take

Dogecoin is an asset that demands respect in this cycle. Despite BTC's strength, DOGE has broken out of its bearish DOGE/BTC structure, showing resilience and renewed attention from retail traders. The combination of the Department of Efficiency narrative, accessibility, and aggressive buying makes it a standout among hype-driven tokens.

While the market continues to front-run narratives, Dogecoin remains well-positioned to capitalize on retail capital and sentiment-driven demand. Stick to the $0.30-$0.35 buy zone, monitor BTC's dominance, and keep an eye on DOGE's ability to attract continued interest through its accessibility and narrative-driven appeal.



DOGE Defends $0.30 for Now

13 January 2025


Market context

The market sentiment has shifted into a relatively sideways or bearish outlook, and Dogecoin remains an asset that thrives on narratives and speculation. We previously analyzed the resilience of DOGE, noting how it maintained strong levels even during periods of market-wide retracement. Now, as we project forward, the broader macro sentiment and market behaviour will heavily influence its performance.

One of the key catalysts for DOGE’s recent outperformance was the Trump election narrative. The idea or connection the market made that Dogecoin could play a role in the “Department of Government Efficiency” or some form of adoption sparked speculative buying, leading to a massive rally. DOGE added an impressive $30 billion in market cap, rallying from $0.17 to $0.45 in a very short period. This performance was driven by pure speculative demand, and it was arguably one of the strongest narratives we’ve seen in the crypto space recently.

However, now that the initial hype has subsided, the focus shifts to how quickly these narratives materialize. The market will begin to price in the timeframe for implementation, such as whether crypto conversations under the Trump administration will lead to tangible developments anytime soon. This is important because speculative bidders who injected capital into DOGE at lower levels (around $0.17–$0.22) may start to take profits and rotate into other areas of the market.

Dogecoin (DOGE) trades near 0.32, testing support levels, with buy zones identified at 0.22-0.25 and 0.17-0.20.

Key levels to watch:

$0.30 Support Zone:

This level remains a key focal point. This is where a significant amount of demand has historically shown up, and it correlates strongly with Bitcoin’s reclaim of $91,000 during today’s market action. If DOGE can hold $0.30, we may see another round of speculative buying as participants step in to defend this area. It’s a psychological level that traders and investors alike will be watching closely.

$0.22–$0.17 Range:

This is where the initial move began during the Trump-driven rally. If the price breaks below $0.30, we would likely see DOGE revisit this zone, as it represents the base level of the previous rally.

This level would also align with where bidders previously entered to push prices upward, so it makes sense that this area would act as a strong support if tested again.

Price action and projection:

DOGE’s price action has always been narrative-driven, and while it performed exceptionally during the Trump speculation phase, the sustainability of this move now relies on how quickly the narrative can be reinforced. If broader cryptocurrency adoption or government efficiency conversations gain traction, DOGE may continue to see demand at higher levels.

However, given the current bearish-to-sideways market conditions, profit-taking and a gradual rotation into other assets are likely. We can anticipate some consolidation or retracement as the speculative fuel from the Trump narrative begins to fade.

Scenario 1 – Holding $0.30:

If $0.30 holds, we could see a range-bound structure form between $0.30 and $0.43, with buyers stepping in to defend key levels. A reclaim of $0.35 would indicate renewed momentum and open the door for a test of $0.43 resistance.

Scenario 2 – Breakdown to $0.22:

If $0.30 fails, the next logical level to watch would be $0.22, with an extended downside target at $0.17. This retracement would allow the market to reset, aligning with the levels where bidders originally entered during the Trump rally.

Macro Factors to Consider:

Trump administration’s impact:
  • The rally was built on the idea of potential crypto adoption or integration under Trump. However, how quickly these developments materialize will significantly influence speculative behaviour.
Market sentiment:
  • Broader market conditions remain key. With Bitcoin recently reclaiming $91,000, there’s potential for a short-term relief rally across alts like DOGE. However, sustained bullish momentum is unlikely without broader macro improvements.
Speculative rotations:
  • As the initial Trump narrative fades, speculative capital may rotate into other assets or narratives, leaving DOGE in a more neutral-to-bearish state until new catalysts emerge.

Cryptonary’s take

DOGE remains a standout speculative asset, and its ability to capture attention and capital during market-wide uncertainty is a testament to its strong narrative-driven performance. However, we need to remain cautious, given the speculative nature of the recent rally.
  • $0.30 is the key level to watch in the short term. It’s where demand has previously shown strength and correlates with BTC’s broader support levels.
  • A break below $0.30 would likely lead to a retest of $0.22–$0.17, which could present a long-term accumulation opportunity for those looking to position for the next cycle.
  • The broader narrative will depend on how quickly cryptocurrency gains attention in political and macroeconomic conversations. Until then, we expect sideways-to-bearish price action, with potential short-term opportunities around key levels.
We’ll continue to track DOGE closely over the next few weeks to see how these levels and narratives evolve.


$0.35 Crucial for DOGE’s Next Move

8 January 2024


DOGE:

Market context

DOGE remains a strong asset within its narrative, continuing to hold significance around our previously identified key levels. The initial $0.35 buy box saw a deviation, with the price dipping into the $0.30 region before reclaiming $0.35 on January 3rd. This reclaim marked a short-term bullish shift, but since then, we’ve begun to see a sell-off back into this key range.

The broader market context this week isn’t overly macro-heavy, but there is data to keep an eye on, and we are beginning to see direction emerge after a mild sell-off across the board. DOGE remains resilient, and this pullback is far from concerning. Instead, it presents clear levels to focus on for accumulation and positioning.

The key takeaway here is that DOGE continues to consolidate around reliable support levels. Price action reflects a healthy reset, setting the stage for a potential move higher.

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Price Action

$0.35 level:

The price was reclaimed at $0.35 on January 3rd after a deviation below, signalling buying pressure in this zone. However, the current sell-off has pushed us back into this region, presenting an opportunity to accumulate. If we hold $0.35, it could form a clean inverted head and shoulders pattern, which is bullish.

$0.30 level:

Our secondary buy box remains at $0.30, a level that has shown strong historical demand and acted as a significant floor during the last pullback. If the price moves lower, this level offers another solid opportunity to build positions. A move down to $0.30 could also form a double-bottom structure, adding to the case for a bullish continuation.

DOGE’s current price action reflects a classic consolidation phase, with both levels ($0.35 and $0.30) expected to hold as key support zones.

Playbook

Spot accumulation:

  • Primary buy zone: $0.35 – Accumulate on pullbacks into this level, particularly as it aligns with the reclaim and current retest.
  • Secondary buy zone: $0.30 – Strong historical support. If the price dips further, this level offers another opportunity for spot-building.

Upside levels:

  • $0.43: The next key resistance to target on a breakout.
  • $0.63: Mid-term target reflecting DOGE’s potential for momentum-driven upside as part of its bullish narrative.

Cryptonary’s take

DOGE’s pullback back into the $0.35 region is a natural and healthy development, allowing for further accumulation at key support levels. The deviation below $0.35 into $0.30 during the previous sell-off demonstrated the importance of these levels, with both zones offering solid opportunities to build positions.

DOGE’s ability to reclaim $0.35 and its resilience at these levels reinforce its bullish narrative. While some short-term selling pressure is expected, it’s nothing negative within the broader structure. Holding $0.35 would confirm an inverted head and shoulders pattern, while a dip to $0.30 could present a double-bottom opportunity.

The focus remains on these two accumulation zones, with upside targets of $0.43 and $0.63 still intact. Stick to the plan, manage your risk, and keep your eyes on these key levels.


DOGE aligns for bullish trends

1 January 2025


DOGE consolidates at $0.30 while Ondo retraces below $1.45. Both assets present prime accumulation zones, with key resistance levels marking the path for bullish continuation.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


DOGE:

Market context

The initial buy box, which cost around $0.35, failed, with DOGE experiencing a deeper push down to $0.30. While this might seem like a bearish move at first glance, it actually aligns well with our bullish view of DOGE, especially considering the impressive move off the back of Trump's election win. This deeper dip offers even better pricing for higher upside potential, reinforcing the idea that DOGE remains a strong asset within its narrative.

$0.30 significance

  • This level holds strong historical importance on both the buy and sell sides.
  • The recent catch of downside momentum at this level, combined with its historical relevance, suggests that $0.30 can act as solid support going forward.
The consolidation here is healthy and reflective of DOGE's resilience. Given the broader market context, holders are in a prime position to build based on this solid support zone.

A Dogecoin (DOGE) price chart showing key support and resistance levels at 0.30, 0.35, and 0.45 with RSI indicator.

Playbook

Spot accumulation

$0.30 is now the primary accumulation level. Build positions here, as the level aligns with historical demand and has shown strength in catching downside momentum.

Upside levels

  • $0.35: A key level to reclaim as part of a move back into a bullish trend.\
  • $0.43: The next resistance level to target on a breakout.
  • $0.63: The mid-term target remains intact, reflecting DOGE's bullish momentum-driven narrative.

Cryptonary's take

DOGE's pullback to $0.30, while unexpected, is far from a negative development. Instead, it reinforces the opportunity to build a stronger support level with greater upside potential. The historical significance of $0.30 as both a buy and sell level adds to its reliability as a solid support zone.

From a higher timeframe perspective, DOGE's price action remains strong, with no reason for concern. The current consolidation aligns with a healthy reset in the broader market, and DOGE holders would do well to accumulate here while keeping an eye on $0.35 as the next reclaim target. As always, stick to the plan and focus on the levels!


DOGE stable at $0.35

17 December 2024


Market context

DOGE continues to hold its key level at $0.35, a level we've been discussing for weeks as the primary accumulation zone. Bitcoin has been leading the market with a strong move over the last couple of days, printing new all-time highs of around $107,000.

Alongside this, BTC dominance has also shifted. After bottoming out in early December around 54.5%-55%, dominance has now climbed back to 57.4%, marking a clear retrace.

1. A Dogecoin (DOGE) chart on a daily timeframe showing a price consolidation near 0.35 with a buy box at support levels.

This dominance movement highlights the 5% range where capital is flowing between BTC and the rest of the market. Understanding this range is crucial for predicting where attention and liquidity will go next.

DOGE, being the 7th largest cryptocurrency by market cap, is naturally positioned as a key recipient of capital rotation. As Bitcoin continues to dominate the headlines with mainstream adoption and more people entering the market, assets like DOGE are typically among the first to gain attention in the next wave. This is standard market psychology and reinforces DOGE's role as a leading altcoin.

2. A Bitcoin dominance chart showing a retrace from recent highs to 57.5 with a red box marking a 5.64 downside.

Price action

  • Current positioning: DOGE is hovering above $0.35, the key level we've identified for weeks as the primary accumulation zone.
  • Potential pullback: A retrace to $0.35 represents a 13% downside move, which is very reasonable for DOGE, given its typical price behaviour.
  • Upside narrative: If BTC dominance begins to pull back, there's a strong case for capital rotating into larger assets like ETH, SOL, and DOGE, which could fuel DOGE's next leg up.
3. A zoomed-in Dogecoin (DOGE) chart with a downward trend, highlighting the 0.35 buy box as a critical accumulation zone.

BTC dominance is a key driver here. If dominance tops out and begins to pull back as BTC consolidates or retraces, we could see that capital flow into large-cap altcoins like DOGE. DOGE's recent history also supports this narrative.

The asset has consistently attracted attention during moments of capital rotation and remains a prime candidate for bids during a BTC slowdown. DOGE's position as the 7th largest crypto asset strengthens its case as a go-to asset for speculative capital once the broader market looks for rotation plays.

Playbook

Buy box:

  • $0.35 remains the key level to accumulate DOGE. This area offers an attractive risk-reward setup for both short-term traders and long-term holders.

Dollar Cost Average (DCA):

  • For those not looking to time the market, DCA strategies can also work well here, especially within the $0.35 range.

Cryptonary's take

DOGE remains one of the most exciting assets to watch in this cycle. Its position as a top 10 crypto asset makes it a prime candidate for capital rotation as BTC dominance begins to stabilize or pull back. The $0.35 level is where we'll continue to look for bids, as it aligns with historical price behaviour and market dynamics.

Whether you're accumulating through the spot or using DCA, this level offers an excellent entry for exposure to DOGE. While not much has changed from our previous analysis, the broader market context of BTC dominance and capital rotation further solidifies DOGE's position as a key player in the altcoin market.


DOGE Targets $0.43 Resistance Next

11 December 2024


Price action

In this analysis, we're zooming in on DOGE's price action, as we've already covered the market context extensively in the previous update. We marked a potential pullback into the $0.35 level, and it now looks like this might play out following the market-wide flush-out.

The steady grind upward that followed DOGE's huge move has transitioned into a consolidation phase with a clear battle between buyers and sellers. In this situation, decision-making becomes straightforward: what's more likely based on the context of the asset? Further immediate expansion seems unlikely, given the magnitude of DOGE's recent growth.

A slight pullback, which we projected, makes much more sense. After the flush out, DOGE has re-entered its range cleanly, showing resilience in the face of broader market weakness. Now, the $0.35 level comes into play, and we'll place a buy box there. It's worth noting DOGE's ability to hold up well through this pullback, reinforcing the volume and density of interest in the asset.

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Market mechanics

DOGE's funding rate hit a wild 0.0980% on December 5th, which was always going to lead to some form of correction. Funding rates that high show extreme long-side exposure, and corrections become inevitable. Now that we've returned to healthier levels, DOGE remains in a strong position, holding at the top of its range.

The high funding rates also reinforce the meme coin sentiment, highlighting the market's willingness to maintain outsized exposure to DOGE, a testament to its dominance in this narrative.

Playbook

Buy box

  • Place the buy box at $0.35, as this level has held historically and aligns with the current pullback dynamics. It's the key accumulation zone we're watching closely.

Upside levels

$0.43: Still the next resistance level to reclaim. A breakout above this would signal a renewed push higher. $0.63: The mid-term target remains intact and aligns with DOGE's overall momentum-driven narrative.

Key takeaways

DOGE's ability to hold up during the market flush-out speaks volumes about its volume density and the strength of demand. Stay patient and wait for confirmation of levels before adding leverage or trading exposure.

Cryptonary's take

DOGE's resilience through the recent correction is impressive. The $0.35 level now becomes the most important focus for accumulation. What stands out here is DOGE's ability to consolidate at the top of its range, even after a significant market-wide flush.

The extreme funding rates seen earlier this month highlight the speculative appetite for DOGE, reinforcing its position as the king of the meme coin narrative. This willingness to maintain long exposure, even during corrections, speaks to the broader sentiment surrounding DOGE.

For now, the buy box at $0.35 is the play, and we'll monitor how price action develops at this level. If DOGE can reclaim $0.43, the next leg up to $0.63 remains firmly in sight. As always, stick to the levels, manage risk, and don't chase trades unnecessarily.


DOGE momentum slows; key levels hold

02 December 2024


Market context

Since our last analysis, DOGE has experienced a slowdown in momentum, which is something we expected after its stellar performance in recent weeks. Let's not downplay that run: it was a significant statement for meme coins and a massive testament to DOGE's standing as a titan in the entire crypto space, not just among memes.

The market's willingness to inject such capital into a non-utility token, especially off the back of Trump's win, shows how open-minded participants are toward speculative assets in this cycle. The broader meme narrative seems alive and well, and DOGE continues to lead the charge, reinforcing its position as a benchmark asset for the sector.

3. Weekly chart for DOGE-USDT illustrating historical resistance levels at 0.35, 0.45, and 0.75 with a significant upward breakout.

DOGE price action

Looking at the technicals, we've seen a slight upward grind in price action, marked by diagonal resistance levels. This structure reflects typical accumulation behaviour by early participants combined with some opportunistic bidding from buyers riding the momentum. It's not flashy, but it's functional, hinting at sustained interest in DOGE despite the stall.

4. Daily chart for DOGE-USDT displaying price consolidation between 0.35 and 0.45 with a potential ascending breakout setup.

Playbook

Key levels to watch:

Buy zone

$0.35 remains the key support and accumulation level. This area has proven its strength historically and continues to show buyers stepping in during dips. We'll look to this level as the most probable reset zone before DOGE attempts another leg higher.

Upside targets

  • $0.43: The next significant resistance where we'll likely see price pause or consolidation.
  • $0.63: A mid-term target if $0.43 is cleared with strong conviction.
Curious about DOGE's next move? Our DOGE price prediction offers a deep dive into market trends!

Cryptonary's take

DOGE's performance has been brilliant, and even this recent stall in momentum doesn't change the bigger picture. It's still the leading meme coin, with massive speculative demand driving its cycles. The price action now reflects a healthy reset, with accumulation clearly visible. The $0.35 level remains the key area to focus on. If the price returns there, it offers a strong opportunity for entries or repositioning.

However, we'll continue to monitor how DOGE interacts with the $0.43 resistance, as a breakout there could reignite the trend and open the door to $0.63. For now, DOGE remains a top-tier setup in the meme coin narrative and a good indicator for retail participation in this cycle. Stay focused, stick to the levels, and adjust as new data unfolds.


DOGE targets $0.43 breakout next

27 November 2024


Market context

In our previous analysis, we highlighted the $0.35 bid box as a key support zone for Dogecoin, and this level has continued to hold strong. Price remains within our expected range, showing consistent demand at $0.35.

From a broader perspective, Doge is still positioned roughly 100% off its all-time high, but the consolidation above $0.35 suggests steady accumulation and growing interest, which may act as a foundation for the next move.

4. Dogecoin (DOGE) daily chart showing current price near 0.40 with marked bid box and critical support zone at 0.35

DOGE price action

The $0.35 level continues to act as a reliable support zone. Price has shown respect for this level multiple times, reinforcing its validity as a strong bid area. For this follow-up, we're maintaining $0.35 as the key buy zone while also watching for any movements toward our upside targets at $0.43 and $0.63.

There hasn't been a significant shift in market dynamics or mechanics since the last update, so this analysis will focus solely on price action and levels.

Playbook

Buy zone: $0.35 remains our primary accumulation zone for spot positions.

Upside targets: $0.43: The next significant level to watch for bullish continuation. $0.63: A medium-term target if $0.43 is cleared with strength.

Strategy: Look to accumulate within the $0.35 zone during pullbacks. Monitor price action closely at $0.43 for a potential breakout confirmation toward $0.63.

Cryptonary's take

The $0.35 level has continued to hold strong as a key buy zone for Dogecoin, with no major changes in market mechanics to note since our last analysis. While the price remains within our expected range, the consolidation and accumulation at these levels indicate the potential for further upside.

As we approach $0.43, keep an eye on how the price reacts- a breakout above this resistance could trigger a move toward $0.63. For now, stick to the plan, focus on $0.35 for entries, and watch for confirmations before positioning for the next leg up.


Doge: Critical levels for upside moves

19 November 2024


Market context

In our last analysis, we correctly identified the $0.35 bid box as a key support level for Dogecoin, and the price has respected this level beautifully. Since Sunday, $0.35 has acted as a key zone, holding firm despite increased activity in the market. This shows our accuracy in identifying actionable levels and highlights the strength of this support.

From a higher-level perspective, Doge is still about 100% off its all-time high, but the current price action suggests that it's building momentum for another potential leg up. With growing open interest and strong buyer interest, Doge remains well-positioned in this cycle.

1. Chart showing Dogecoins price trajectory, highlighting 0.35 support zone, potential bid box, and short-term upward resistance levels.

Market mechanics: Open interest and funding rate

Open interest

Open interest in Dogecoin has now reached its highest level ever, a major milestone that reflects significant leverage participation on both the buy and sell sides. The market is clearly heating up, with traders positioning heavily in anticipation of major moves. This heightened activity shows Doge's relevance and its ability to attract capital.

2. Open Interest chart for Dogecoin Futures, indicating sharp increases in leveraged positions alongside the assets price movement.

Funding rate

Funding ramped up significantly earlier today, on the 19th, peaking at 0.0546 before cooling to 0.02. While traders are slightly biased toward the long side, funding hasn't hit extreme levels of concern yet. However, elevated funding combined with all-time-high open interest signals a potentially volatile market. A short squeeze or liquidity flush could occur if momentum shifts too aggressively in either direction.

3. Dogecoins funding rate analysis, tracking fluctuations in weighted funding rates and highlighting bullish or bearish trader sentiment.

Playbook

Our playbook focuses on the $0.35 support zone, which has proven to be a solid area of demand. Price has retested this level early today and held well, reinforcing it as a reliable region for accumulation. This creates a strong foundation for potential upside, but we're also prepared for a deeper pullback if broader market conditions shift.
  • Buy box: Between $0.30 and $0.35, this remains an ideal accumulation zone for spot positions.
  • Upside targets: The next area of interest is $0.43, and a move above this level could pave the way toward $0.63, aligning with Doge's recent momentum.

Key levels

  • $0.30-$0.35: Spot accumulation zone.
  • $0.43: A significant level to watch for further upside as it's the recent high swing.
  • $0.63: The next potential target if Doge clears $0.43 with strength.

Risk management

With Doge's momentum increasing, it's important to manage risk appropriately:
  • Spot Positions: Focus on building at $0.30-$0.35. This range has shown consistent demand and offers a solid entry.
  • Leverage Trades: Be cautious with high open interest and funding levels. If you're considering leverage, wait for A+ level setups
  • Keep an eye on Bitcoin's price action, as broader market moves could influence Doge.

Cryptonary's take

We've been spot on with Doge from the $0.35 level to tracking its growing momentum. The increase in open interest and strong market participation shows that Doge is attracting attention this cycle. While it's not part of our holdings or CPRO picks, it's a key asset to monitor for market sentiment and broader implications. If the $0.35 level holds, Doge is well-positioned to push toward $0.43 and beyond.

For now, spot accumulation in the buy box looks like the best strategy, with leverage trades requiring extra caution due to market conditions. Stay sharp, stick to the plan, and let the levels guide you.

The memecoin supercycle is rewriting the rules, offering opportunities that could redefine your investment strategy. Discover why this moment is a game-changer for crypto enthusiasts.


DOGE: Critical levels for upside moves

14 November 2024


Market context

In our last analysis, we correctly identified Dogecoin's potential for a major upside move. We had pinpointed $0.13 as a critical breakout level, and that level has played out perfectly. Doge faced resistance at $0.13 back on September 28th and again on October 16th and 17th. When it finally broke out on October 26th, it came back to retest $0.13, signalling a major shift in market sentiment.

Sellers who previously kept pushing Doge down from this level seem to be out of the picture, paving the way for a more bullish stance. Fast forward, Doge has since captured a massive move, adding tens of billions to its market cap in the wake of this breakout. It's now the sixth-largest crypto asset by market cap, with nearly $30 billion in daily trading volume, showing how significant the interest and momentum behind Doge are.

Since November 8th, Doge's market cap surged from $28 billion to a high of $63 billion, an impressive $30+ billion gain. This indicates a powerful sentiment shift that's driving the asset forward in this cycle.

4. Dogecoin weekly chart with price breakout at 0.35, major resistance at 0.43, potential trajectory toward 0.65.

Currently, we're seeing Doge slightly overheated on the RSI, with readings around 90 on the daily timeframe, indicating the potential for a pullback. We're still significantly below the all-time high, with the price currently around 80% off that mark. But the momentum and sentiment indicate that reclaiming all-time highs is a real possibility this cycle.

4. Dogecoin weekly chart with price breakout at 0.35, major resistance at 0.43, potential trajectory toward 0.65.

Market mechanics: Open interest and funding rate

  • Open interest: Doge's open interest has spiked significantly. On October 7th, open interest sat around $554 million, but as of today, it's risen to $2.94 billion. This uptick indicates strong interest in Doge from leverage traders and suggests that the market is increasingly viewing Doge as a high-stakes asset.
6. Dogecoin futures open interest chart displaying sharp increase, reflecting heightened interest and potential volatility in Doges price.
  • Funding rate: On November 12th, Doge's funding rate hit 0.05, signalling high demand for leveraged longs. While it corrected to around 0.01, it has since inched back up to 0.02, showing a gradual buildup of bullish positioning. This isn't yet at unhealthy levels, but it's something to monitor closely, as it could indicate potential volatility or a short squeeze if bullish momentum continues.
7. Dogecoin OI-weighted funding rate showing positive funding spikes, indicating leveraged long interest and possible volatility ahead.

With elevated open interest and increasing funding rates, we're seeing clear signs that the market is heating up for Doge. This positioning underscores the potential for strong moves, but it also suggests that we should be cautious of pullbacks, especially if funding rates continue to climb.

Playbook

Our playbook now revolves around support at $0.35, recently reclaimed by Doge. This level has acted as a strong demand. Following the breakout on Saturday, Doge came down to retest $0.35 as support early this morning, showing a solid bullish reaction. We're establishing a "buy box" between $0.3 and $0.35 as an accumulation zone, providing an ideal entry region.

Given the overheated RSI and high open interest, we might see a pullback as some traders take profits. Our strategy is to watch for a retest of $0.35 or potentially down to $0.3 for a spot accumulation. If Doge holds these levels, we'll target the $0.43 level next. A clean break above $0.43 could pave the way for further upside, potentially pushing Doge toward $0.63.

8. Dogecoin 4-hour chart showing recent price support at 0.35 within bid box, targeting potential breakout zone above 0.43.

Key levels

  • $0.3 - $0.35: Accumulation zone or "buy box"
  • $0.43: Key breakout level for additional upside
  • $0.65: Target level upon successful breakout of $0.43

Risk management

With Doge's recent surge in demand and bullish momentum, you have to be smart here. Spot positions are recommended around the $0.3 - $0.25 region, given this zone's historical strength as support. Due to elevated open interest and funding rates, caution with leverage is advised. Additionally, keeping an eye on Bitcoin's price action and following the market directions as BTC's momentum could influence Doge's next move.

Cryptonary's take

We've been spot-on with Doge, from calling the $0.13 breakout to tracking its insane surge in demand. Doge has stepped up this cycle, pulling in massive trading volume and becoming a highlight asset in the market. While Doge isn't part of our holdings or in our CPRO picks, it's one we're watching closely because of its market influence. If Bitcoin keeps pushing, Doge could follow suit and make a serious run toward $0.63.

For now, spot accumulation between $0.3 and $0.35 looks solid, but if you're considering leverage, wait for clean retests or breaks to avoid getting caught in any shakeouts.


DOGE show strength amid bullish momentum

8 November 2o24


Market context

Following up on our previous Doge analysis, we've seen a strong price action sequence unfold. Initially, we highlighted $0.13 as a critical breakout and retest zone, which has played out as expected. Doge initially faced resistance at $0.13 in late September and mid-October, but the breakout on October 26th turned this level into solid support. This shift shows that sellers previously active around $0.13 have exited, allowing buyers to take control. The breakout has already delivered a 40% move, reaching $0.175.

We're seeing signs of profit-taking and minor exhaustion, but if Doge manages to establish $0.175 as new support, it sets the stage to target the next key level of $0.229. Doge is one of the few assets from the last cycle that has surpassed its March-April 2022 sell-off zone, showing its strength. This price action marks a higher high and higher low structure that suggests a sustained bullish shift as we approach $0.229.

1. Daily chart showing Dogecoin (DOGE) with key levels marked, indicating a potential continuation above the 0.175 support.

Playbook

Monitor Doge around the $0.175 level. A retest here could confirm support, offering a strong entry signal for targeting the $0.229 level.
  • Spot accumulation: Accumulate spot positions if Doge confirms $0.175 as support. Waiting for the retest at $0.13 could also offer a lower entry for a longer-term position.
  • Positioning strategy: Avoid adding positions around $0.15 without a confirmed breakout at $0.175, as there's potential for a retrace. If $0.175 holds, targeting $0.229 with additional spot accumulation makes sense.
  • Profit-taking: If Doge approaches $0.229, assess for profit-taking opportunities, as this is a significant resistance level.

Key levels

  • $0.175 - Established support and potential re-entry level.
  • $0.229 - Short-term target; a breakout level that could signal sustained bullish momentum.

Risk management

Doge has shown solid demand, but careful positioning is still critical. Bitcoin's price action above the $70k range may influence Doge's next moves, so it's essential to monitor BTC. For now, spot positions are favoured, as Doge is showing strength.

Cryptonary's take

Doge's performance has been strong, confirming our analysis around the $0.13 breakout. While Doge isn't part of our core holdings, it's shaping up to be a strong contender this cycle with the Trum & Elon duo narrative and Elons past support of Doge. naturally, people will look to bid on this narrative.

If momentum holds, particularly with BTC's influence, Doge could revisit levels like $0.175 and potentially hit $0.229. Spot accumulation at support levels is sensible, while patience with leverage is key to avoiding premature entries in volatile conditions. Remember what we taught about overheated mechanics in our live video a few weeks back? We must be cautious about increasing exposure when things get hot.


Dogecoin (DOGE) price prediction today: Can DOGE hold $0.13 support

29 October 2024


DOGE has bounced from $0.13 support with impressive momentum, nearing the $0.175 resistance. A break above could open a path to $0.229. This analysis reviews Dogecoin’s key levels and setup for potential upside as bullish sentiment remains strong.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Market context

In our recent analysis, we pinpointed the $0.13 level as a crucial breakout and retest zone for Doge, and it's playing out perfectly. We saw resistance at $0.13 on both September 28th and again on October 16th and 17th before Doge finally broke out, then came back and retested this level on October 26th.

This price action signals a clear shift-sellers who previously pushed down from $0.13 are now out of the market, leaving room for a more bullish stance from buyers at this key level.

Now that the breakout is in motion, Doge has already captured a nearly 34% upside move, bringing it close to our $0.175 target. We may see a brief stall or even a pullback at this level, but if Doge breaks $0.175, it opens up the potential to target $0.229.

It's important to note that Doge is one of the few assets from the last cycle that has now breached the March-April 2022 sell-off zone, a major inflexion point in the market. The breakout above the corrective flag pattern, first tested on September 26th, shows strong demand, with a clear higher high and higher low structure forming as we move closer to reclaiming $0.229.

6. Dogecoin daily chart showing breakout from 0.13 resistance, eyeing potential targets at 0.175 and 0.229 with upward momentum.

Playbook

We're keeping an eye on the 0.13 level as a foundation for continued upside. Spot accumulation was advised between $0.084 and $0.1, with a strategy to capitalize on the breakout and retest of $0.13. With momentum carrying Doge towards the next resistance at $0.175, we would wait for either a break and retest at $0.175 or a potential pullback to $0.13 to evaluate further positioning.

If Doge breaks $0.175 cleanly, we're looking to target $0.229. However, entering around $0.15 isn't ideal without seeing further confirmation of the breakout at $0.175, as we could experience a retrace. With seller pressure noted from May 23rd around the $0.15 level, it's best to wait for a solid break and retest this zone to confirm a shift in sentiment.

7. Dogecoin chart illustrating bullish continuation setup with breakout above key resistance, potential retracement, and next targets at 0.175 and 0.229

Key levels

  • $0.13 - Key support level
  • $0.175 - Immediate target and resistance
  • $0.229 - Longer-term target on a clean break of $0.175

Risk management

Doge has shown strong demand, but given the current levels and recent breakouts, patience with spot accumulation is advised. Bitcoin's momentum around $70k could influence Doge's next leg, so watching BTC action will be key here. For Doge, spot positions make sense; however, leverage isn't recommended until we see a clear retest or break of higher resistance levels, as market volatility could shift.

Cryptonary's take

Doge has shown impressive demand, capturing a strong upside since our call on the $0.13 breakout. While we're not invested in Doge, it's proving to be a strong performer this cycle. If momentum holds, especially with BTC's influence, Doge could replicate its past moves, potentially heading towards $0.175 and even $0.229. Spot accumulation at support levels appears wise, but staying patient with leverage is key here to avoid premature entries.


Can momentum push DOGE from $0.13 to $0.175?

16 October 2024


After breaking out above $0.13, DOGE is gaining momentum. Can it reach $0.175? Here’s what the charts are showing us about the next potential move.

Market context

We've seen significant pressure building around the $0.13 level for Doge. On 23rd September, we observed a breakout, which indicates a potential shift in momentum. Breaking through this level is a critical point for Doge as we've also broken out of a downtrend line. The breakout on 23rd September held above the key level of $0.13, which has been an important support and resistance area in the past.

Looking back at previous price action, we can see how Doge had to push through this level during prior moves, particularly back in March and before that. This gives us a strong indication that this breakout will be a bullish development, signalling potential further upside if we can sustain above this level.

1. Weekly Dogecoin chart showing a breakout from a descending channel, with a potential price target of 0.22900 USDT.

Playbook

  • If we maintain above $0.13, we could see further upside action. Bitcoin's momentum around the $68,000-$69,000 price point will be key in determining whether Doge and other similar assets break through their respective levels.
  • Doge has a history of strong moves, such as the 175% move we saw earlier this year in Feb after breaking out. This makes Doge an asset worth watching closely in the current market conditions.

Key levels

  • $0.13 (current critical level)
  • $0.175 (next target if momentum continues)

Risk management

Given the strong historical price action around the $0.13 level, it's essential to remain cautious with leverage positions. Patience and a spot accumulation strategy could be a wise approach if you're looking to build exposure to Doge. Keep a close eye on Bitcoin's price action around the $68,000-$69,000 level, as it could drive Doge's next leg up.

2. Daily Dogecoin chart depicting a breakout from a downtrend, with a forecasted price rise to 0.22900 USDT.

Cryptonary's take

Doge is in a pivotal moment. The breakout above $0.13 suggests potential for further gains, but it will largely depend on Bitcoin's ability to maintain momentum above its key levels. Doge has been a strong player before, and we may see it replicate its previous performance.

Watch for continued strength above $0.13, with a potential move towards $0.175 in the near future. Stay patient and manage risk carefully, as this could be an opportunity for spot accumulation rather than leveraging too early.


Can DOGE break $0.13 for a 70% rally?

7 October 2024


Market context

DOGE has been in a key breakout phase following a prolonged consolidation in a channel formation. On the weekly timeframe, we anticipated a breakout from the resistance trendline, which materialized during the week of September 23rd. This breakout was driven by a strong bullish push, largely off the back of the interest rate decision, aligning with broader market sentiment.

The price action has been impressive, wicking into the 0.13 level, which now stands as key resistance moving forward. This zone has historically played an important role, with Price consistently reacting to it across multiple tests.

The range bottom has now formed around 0.104, a significant support going forward. This level has held strong in recent weeks, showing the potential for DOGE to build off this structure. Given that Bitcoin held above 60K during the same period and showed a similar bullish reaction, DOGE is aligning with the broader crypto market sentiment, indicating strength at these levels.

2. Dogecoin price chart showing resistance at 0.175, potential breakout zones, and RSI indicator near the 48 level

During the daily timeframe, DOGE confirmed a breakout and retest of the trend pattern, with the price holding well above 0.104. This retest of the 0.104 level has historically been a solid indication of future upside, reinforcing the significance of this zone. What stands out is how DOGE has maintained strength post-breakout.

Multiple tests of this 0.104 support, combined with its strong reaction, give a solid case for potential continuation to the upside. We want to see a clean breakout of 0.13 resistance to confirm continued bullish momentum. Historically, this level has been tested several times, including key moments in mid-July and early March. A breakout above 0.13 would clear the path for further upside toward 0.175, aligning with broader bullish market movements.

3. Dogecoin price chart with support at 0.104 and resistance at 0.130, showing RSI nearing overbought conditions around 56

Playbook

Key Levels:
  • Support: 0.104
  • Resistance: 0.13 (short-term), 0.175 (medium-term target)
  • Long-term resistance: 0.22

Trading setup

The current range sits between 0.104 (support) and 0.13 (resistance), creating a solid trading zone. From a spot position, playing the bounce off 0.104 is a strong opportunity. The initial upside target sits at 0.175, which would represent a 70% gain. If the bullish momentum holds, the next significant level is at 0.22, offering a potential 120% return from the current range.

Risk management

The main confirmation we're looking for is a breakout above the 0.13 resistance level. Historically, this zone has been a significant point of resistance, with multiple tests in March, June, and July. A successful breakout beyond 0.13 would open up more upside potential, targeting 0.175 initially.

Market sentiment

DOGE remains one of the most popular meme coins, and while current market attention has shifted to other meme assets, its ability to hold structure here makes it a contender. What's particularly impressive is that DOGE has already broken the April 2022 sell-off, which is something very few assets have managed to do. The asset has performed well in comparison to other coins, maintaining strength in the current market environment.

Cryptonary's take

DOGE is holding up well, and while it's not currently in the Cryptonary portfolio, it shows promise. Its ability to break through significant levels and maintain momentum is solid. With a potential upside of 70% to 120% in the mid to short term, this is an asset worth monitoring closely. A breakout above 0.13 would give a clear path to the 0.175 target, and how DOGE handles this level will determine its next major move.


Will $0.23 be the next target for DOGE

27 September 2024


Overview

DOGE has proven its staying power by becoming a favourite for many investors and traders. As of today, DOGE is showing clear signs of bullish momentum. After a period of consolidation and a brief retracement, it's now on the move, trading at approximately $0.127 with an 8% gain just today.

DOGE's higher timeframe price action, specifically on the weekly chart, indicates that it has taken key support from the 200 EMA. Furthermore, DOGE's daily chart shows that it has been respecting its demand zones and breaking out of critical downtrend trendlines. This combination of bullish developments places DOGE in a favourable position as we analyse its potential move higher, especially given that Bitcoin (BTC) has been breaking through its own key resistances.

With this backdrop, let's dive into DOGE's weekly and daily charts and analyse its performance against Bitcoin (DOGE/BTC pair).

Weekly timeframe analysis (DOGE/USD)

DOGE has held up well on the weekly timeframe, using the 200 EMA as a crucial support level. After multiple tests, the price dipped below momentarily, leading to long liquidations, but this ultimately proved to be a liquidity grab before a reset and bounce back to higher levels.
  • 200 EMA support: DOGE's ability to consistently hold the 200 EMA suggests that this is a strong level of support, signalling the long-term health of the asset. Buyers have continued to step in at this level, pushing prices back up.
  • Bullish trendline break: DOGE has been consolidating for several weeks and has now broken out of a downtrend trendline, marked by the orange line on the chart. This breakout indicates that momentum is beginning to shift in DOGE's favour.
  • Key resistance levels: The first major resistance is at $0.1436, and breaking this would potentially trigger a much stronger rally. The next resistance is at $0.23, followed by the ATH zone. If these levels are flipped into support, DOGE could see a more significant move upward in the coming weeks and months.
1. DOGE-USD weekly chart showing strong bullish momentum with price holding above key support, targeting higher resistance levels.

Daily timeframe analysis (DOGE/USD)

On the daily timeframe, DOGE continues to show a strong bullish trend. The coin has respected the $0.10078 level as a significant support zone, which led to a major breakout after several days of consolidation. DOGE also took support from the daily demand zone, marked by the grey box on the chart, which is key to its recent price action.
  • Breakout from downtrend: DOGE has broken out of a downtrend trendline, resulting in a strong rally of 25%, moving from $0.10078 to $0.125.
  • Potential accumulation zone: The $0.10078 level, now flipped into support, offers a potential accumulation zone for investors looking for solid entries. Layering orders in this region provides a good risk-to-reward ratio, given DOGE's bullish momentum. Additionally, the $0.1436 resistance could act as a new support if flipped, offering another area for accumulation.
  • Next resistance levels: As DOGE pushes higher, the next key resistance zones to watch are $0.1436, followed by $0.23. Once $0.1436 is flipped, DOGE could move swiftly toward higher levels, including the ATH target.
By maintaining momentum and flipping these critical resistance levels, DOGE has the potential to continue its bullish run. Holding above these zones could trigger further accumulation and fuel a larger upward move.

2. DOGE-USD daily chart highlighting price movement testing a significant resistance zone, with potential for breakout above 0.14362.

DOGE/BTC pair analysis

The DOGE/BTC pair is crucial in analyzing DOGE's relative strength against Bitcoin (BTC). After a long downtrend, DOGE/BTC has recently broken out of a daily downtrend trendline. This breakout signals that DOGE is poised to outperform BTC, especially if Bitcoin continues its bullish run.
  • Higher highs and higher lows: The structure on the DOGE/BTC pair shows that DOGE has been forming consistent higher highs and higher lows, marked by the red dots on the chart. This indicates strength in DOGE's price action relative to BTC.
  • Demand zone bounce: DOGE/BTC found strong support in a daily demand zone, represented by the grey box on the chart. This zone acted as a springboard for the price to break out of its downtrend and move higher.
  • Potential outperformance: With both DOGE/USD and DOGE/BTC breaking key resistances, DOGE seems poised for outperformance against BTC. This is especially relevant as Bitcoin continues breaking key levels, further fueling DOGE's momentum.
3. DOGE BTC daily chart displaying bullish reversal from key support levels with a possible breakout as price climbs.

Cryptonary's take

DOGE appears to be gearing up for a notable bullish move, supported by strong technical signals on both the weekly and daily timeframes. The breakout from key downtrend lines, combined with the strength shown in the DOGE/BTC pair, underscores the potential for significant outperformance in the near future. If DOGE can flip the critical $0.1436 resistance into support, it could rally toward $0.23 and beyond, aligning with the broader market's bullish momentum.

That said, meme coins like DOGE come with inherent volatility and heightened risk. While technical indicators are signaling a potential breakout, it's essential to be cautious as DOGE remains susceptible to sharp corrections. Investors should closely monitor Bitcoin's performance, as its movement will heavily influence DOGE's trajectory. For those looking to accumulate, the current setup presents opportunities, but strategic risk management remains crucial in this high-risk asset class.


Will Dogecoin surpass $0.104 resistance?

29 August 2024


  • Firstly, we're looking at DOGE on the 3D timeframe in the chart, so please be aware of this.
  • DOGE has been in a general downtrend since mid-March and has now fallen into a zone of support between $0.093 and $0.10.
  • Alongside this, price is now also squeezing into the downtrend lines.
  • If price can form a base between $0.09 and $0.10 and push into the downtrend lines, then we may see a breakout.
  • For our theory to stand/hold up, we'd need to see price hold above $0.09. A breakdown of this level would see price fall into a lower range, which wouldn't support a significant move up.
A Dogecoin (DOGE USDT) 3-day chart showing support, resistance levels, downtrend lines, and RSI, indicating potential price movements.

Cryptonary's take

As a pure trade goes, DOGE looks attractive here. However, it depends on whether DOGE can break out from the downtrend lines. To do that, it'll need to hold above $0.09 in the coming week and also reclaim back above $0.104. Overall, we see this as a positive setup, though. A breakout of the downtrend lines could see price run to $0.137 in the coming month or so.


Will $0.13 trigger a reversal?

12 August 2024


Dogecoin has been trending downward, forming a well-defined descending channel.

Please note: The video above is set to start at the 21-minute 50-second mark, featuring an in-depth technical analysis of Dogecoin (DOGE).

However, the correction has been orderly, indicating that the market might be setting up for a potential reversal. We identified key levels at $0.084 and $0.13 as critical areas to watch. A break above $0.13 could signal the beginning of a bullish reversal, while a dip to $0.084 might present a more attractive entry point for accumulation.

We believe that Dogecoin's long-term potential remains positive, especially if it can hold above these key levels and break out of its current downtrend. Before entering new positions, traders should watch for signs of a reversal, such as a breakout above resistance or a strong bullish candlestick pattern.

The chart shows Dogecoin (DOGE) price analysis with key support and resistance levels, descending trend lines, and volume indicators.


Can $0.1 resistance hold?

8 August 2024


This article provides a comprehensive technical analysis of the current Dogecoin (DOGE) market trends.

Please note: The video above is set to start at the 10:04 minute mark, featuring an in-depth technical analysis of Dogecoin (DOGE).

Dogecoin is currently navigating a short-term bearish trend, exhibiting clear resistance around the $0.1 mark. This trendline has been well-respected, indicating a potential continuation of the current downward movement. However, the accumulation zone between $0.08 and $0.1 offers an attractive entry point for long-term investors.

Given Dogecoin's historical volatility, we anticipate significant price swings. However, maintaining positions within this accumulation region could provide substantial upside potential as market sentiment improves. Monitoring price action and key resistance levels will be crucial in managing this trade.

Educational insight: Trendline are powerful tools in technical analysis, helping to identify the direction and strength of price movements. By drawing trendlines, traders can visualise support and resistance levels and make informed decisions about potential entry and exit points. In Dogecoin's case, understanding these trends helps us navigate its inherent volatility effectively.


Dogecoin (DOGE) price prediction today: Will $0.10 break soon?

7 August 2024


Discover why Dogecoin traders should monitor the $0.10 level closely.

Please note: The video above is set to start at the 11:19 mark, featuring an in-depth technical analysis of Dogecoin.

Dogecoin (DOGE)

Dogecoin has been consolidating within a defined range after initial expansions, indicating a period of stability following significant price movements. This consolidation suggests that strong catalysts are required to drive future price movements. Monitoring this range closely can provide opportunities for accumulation as Dogecoin's price stabilises before the next potential surge. The asset's historical performance indicates that these periods of consolidation often precede significant upward movements.

Dogecoin's current trading range presents a strategic accumulation zone for investors. The defined range between key support and resistance levels offers a clear framework for making entry and exit decisions. By accumulating within this range, traders can position themselves to benefit from any future positive catalysts. The asset's tendency to experience sharp price movements following periods of consolidation underscores the potential for substantial returns.

Educational breakdown

Consolidation phases often precede significant price movements. By identifying these ranges and waiting for the right catalysts, traders can position themselves advantageously. Dogecoin's current state underscores the importance of patience and strategic accumulation in trading. Recognising consolidation patterns can help traders anticipate future trends and optimise their investment strategies.

alignnone wp-image-297737 size-large

What is Doge? Dogecoin (DOGE) is a cryptocurrency that started as a joke but quickly gained a large following due to its friendly and approachable nature. Now, it is the King of memes. Inspired by the popular Doge meme, Dogecoin is known for its strong community and widespread use in tipping and charitable donations. 

How to Buy: Via Centralized Exchange (CEX):

  • Choose a CEX like Binance, Coinbase, or Kraken.
  • Create and verify your account.
  • Deposit funds.
  • Navigate to the DOGE trading section and complete your purchase.
Contract Address: 0xba2ae424d960c26247dd6c32edc70b295c744c43

 

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