TL;DR

• DOGE is down

• SHIB is down

• Shiba Inu, Bonk, Pepe Prices Rebound: Beware of Dead Cat Bounce

• FARTCOIN Surges as Binance Announces Futures Listing

• Meme Coin Trader Records $3M Profit With ELIZA Trading Amid Launch Controversy

• Deep Worm Price Rockets 180% With Arthur Hayes Predicting Further Rally

• Shiba Inu Coin Lead Slams Litecoin As It Changes Identity To Meme Coin

Dogecoin Price

Crypto is up this week, with DOGE being down 22.61% and SHIB down 22.69%:

Dogecoin (DOGE) Weekly Analysis

Market Overview

Dogecoin (DOGE) has experienced a volatile week, with its price dropping by 4.54% in the past 24 hours to $0.3119 as of the latest update. Its market cap stands at $45.95 billion, with a 24-hour trading volume of $5 billion. Notably, DOGE’s circulating supply is near its maximum cap of 147.3 billion coins. A positive development for Indian investors is the ability to view DOGE prices in INR, reflecting its growing global accessibility.

Despite the recent dip, analysts like Dima James and Trader Tardigrade remain optimistic. Dima predicts DOGE could reach a cycle high of $80 by mid-2025, citing historical patterns and Bitcoin’s influence. He projects DOGE’s cycle peak will occur three to four weeks after Bitcoin’s top, expected between February 11 and May 7, 2025. Meanwhile, Trader Tardigrade points to technical indicators like the Fibonacci level and the Gaussian channel, suggesting DOGE may have found a local bottom and is poised for a bullish reversal.

Technical Analysis

DOGE’s short-term price movement has been marked by strong resistance and potential support levels. It recently halted its downtrend near the Gaussian channel’s mid-band, indicating a pause in selling pressure. A Doji Dragonfly candle on the daily chart adds weight to the argument for a local bottom. Traders eye $0.33 as a critical price point, with a break above this range signaling the potential for a rally toward the psychological $1 mark.

Subscribe to Premium to read the rest.