2 days ago
Dogecoin ( DOGE ) appears to be gearing up for a significant upward move after breaking out of a descending triangle pattern , a key technical setup often associated with major price surges. The breakout, as observed by Trader Tardigrade in a recent analysis , indicates a potential bullish shift that could see DOGE rallying to new short-term highs. According to Trader Tardigrade , this sets the leading memecoin for an “explosive surge” that could happen soon. “Dogecoin has broken out of the Descending Triangle at the bottom. This chart pattern could lead to an explosive surge for Doge afterwards.” – Trade Tardigrade Technical analysis: A bullish shift According to the analysis, the descending triangle on the daily chart established support at $0.31 during its consolidation phase, a level that now acts as a solid support zone. Currently trading above $0.33, this breakout level is key to sustaining bullish momentum. If DOGE holds above this zone, the price could target $0.42 as the first major resistance , representing a significant hurdle in its upward trajectory. DOGE price analysis chart. Source: Trader Tardigrade/X Moreover, a successful move beyond $0.42 could pave the way for DOGE to extend its gains toward $0.56. Taking an even more ambitious stance, Trader Tardigrade recently highlighted that DOGE has consistently respected its long-term trendline, signaling the potential for even more significant gains. As reported by Finbold, the analyst set a bold long-term target of $3.20 for DOGE, reflecting growing optimism about the cryptocurrency’s ability to sustain its bullish trajectory over time More bullish projections Adding to the optimism, Dogecoin enthusiast KrissPax highlighted the recent breakout from a two-week descending wedge pattern, signaling a potential bullish reversal for DOGE. Dogecoin has broken out of a 2-week descending wedge. After a retracement, we could see $DOGE back up over $0.40. pic.twitter.com/DoEGv3gqc4 — KrissPax (@krisspax) January 2, 2025 With the price now holding above key resistance levels, KrissPax suggests that a retracement to retest the breakout zone could set the stage for a rally beyond $0.40, driven by strong momentum and increasing trading volume. DOGE price analysis At press time, Dogecoin was trading at $0.3385, marking a notable 6.56% gain in the past 24 hours and an 8% rise on the weekly chart. DOGE one-day price chart. Source: Finbold If the cryptocurrency continues to respect key support levels and maintain its bullish momentum, it could be poised for further gains, making it one of the most closely watched assets in the digital assets space. Featured image via Shutterstock The post DOGE is set for ‘explosive surge’ as key pattern turns green appeared first on Finbold .
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Source: Finbold
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Cryptocurrency news cryptocurrency DOGE Dogecoin technical analysis
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Edith Yeung Explores Hong Kong’s Thriving Crypto Landscape
Edith Yeung highlights Hong Kong`s progress in cryptocurrency regulations. She emphasizes the importance of liquidity alongside licensing for market success. Continue Reading: Edith Yeung Explores Hong Kong’s Thriving Crypto Landscape The post Edith Yeung Explores Hong Kong’s Thriving Crypto Landscape appeared first on COINTURK NEWS . Finbold
Pepe the Boss (PEPEBOSS) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe the Boss could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe the Boss (PEPEBOSS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEBOSS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe the Boss can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe the Boss could become the next viral memecoin. Pepe the Boss launched with over $8,500 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe the Boss on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Boss by entering its contract address – 5pgsjH712NZ6eaKunsEfZarG9UotHaxvheW5E39a8NFX – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBOSS. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Finbold
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Ripple CEO Reveals 2025 Crypto Vision and What Lies Ahead
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