Will Dogecoin’s Post-Halving Wave Drive Prices Higher? Bullish Analysts Weigh In

Dogecoin Dogecoin News
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Crypto Writer
Crypto Writer
Arslan Butt
Author Categories
About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

dogecoin

Dogecoin price movements have sparked interest in its future potential, with many analysts providing optimistic Dogecoin price predictions.

Analysts like Rickus note a steeper trend angle in Dogecoin’s chart compared to previous cycles, predicting a breakout in five to six weeks and subsequent resistance retests.

This outlook is supported by growing transaction volumes and more daily active addresses.

With the number of addresses holding Dogecoin reaching 90 million, rising adoption highlights the potential for continued bullish Dogecoin price prediction.

Dogecoin Price Rally Driven by Increased Interest and Analyst Predictions

The recent upward rally in Dogecoin is driven by increased trader interest and improving key metrics. Analysts like Rickus note a steeper trend angle in Dogecoin’s chart compared to previous cycles, predicting a breakout in five to six weeks and subsequent resistance retests.

Additionally, MikybullCrypto anticipates a post-halving rally, highlighting bullish indicators such as growing transaction volumes (up 37.5%) and daily active addresses (up 2.3%).

The number of addresses holding Dogecoin has surged to 90 million, underscoring rising adoption.

These factors suggest bullish momentum for Dogecoin:

  • Growing transaction volumes: Up 37.5%
  • Increasing daily active addresses: Up 2.3%
  • Rising adoption: 90 million addresses holding Dogecoin

Analysts foresee potential breakout scenarios and post-halving rallies, supported by these strong adoption metrics.

The increased trader interest and improving key metrics indicate a promising future for Dogecoin.

Dogecoin Price Gain Support Amid Bullish Cryptocurrency Market

The recent support in Dogecoin can be attributed to the overall bullish sentiment in the cryptocurrency market, particularly fueled by Bitcoin’s robust performance.

Bitcoin has recently surged above $65,000, even reaching $66,000, driven by significant factors such as the launch of BlackRock’s iShares Bitcoin Trust and expectations of Federal Reserve interest rate cuts.

This positive momentum has impacted Dogecoin, with increasing investor confidence and heightened interest in digital assets contributing to its upward trajectory.

Both cryptocurrencies are benefiting from a weakened US dollar and broader market optimism, underscoring a favourable environment for digital currencies amidst global economic uncertainties.

Dogecoin Price Prediction

Dogecoin (DOGE)

is currently trading at $0.119136, experiencing a decline of 3.20% over the last 24 hours. The cryptocurrency has seen a substantial 24-hour trading volume of $697,615,560.

Dogecoin holds the 9th position on CoinMarketCap with a market capitalization of $17,295,525,785 and a circulating supply of 145,174,106,384 DOGE coins.

The 2-hour chart reveals that Dogecoin has breached its upward channel on the lower side, causing the price to drop towards the $0.1190 level. The Relative Strength Index (RSI) stands at 44.14, indicating a bearish sentiment in the market.

Additionally, the 50-day Exponential Moving Average (EMA) is positioned at $0.12024, which is slightly above the current price, acting as a resistance level.

Key price levels to monitor include the pivot point at $0.12013. Immediate resistance is identified at $0.12376, with further resistance levels at $0.12650 and $0.12956.

On the downside, immediate support is found at $0.11692, followed by $0.11401 and $0.11075. These levels are critical for traders to watch, as they will indicate the next potential movements for Dogecoin.

Traders should be cautious and observe any breaks above the $0.1200 level to consider potential bullish reversals.

Why Pepe Unchained ($PEPU) Deserves a Spot in Your Crypto Portfolio:

Meme coins are poised for growth, and $PEPU, as a promising newcomer, could offer substantial gains.

Presale Advantage: Investing in $PEPU now, during the presale, could lead to significant returns later, as highlighted by crypto experts like Jacob Crypto Bury.

Passive Income: The 499% APY staking feature provides an attractive opportunity for passive income.

Investor Confidence: With 321 million $PEPU tokens already staked, investors are demonstrating strong belief in the project’s long-term potential.

Don’t Miss Out on the Pepe Unchained Presale:

  • Secure Investment: Pepe Unchained’s smart contract has been thoroughly audited by Coinsult and SolidProof.
  • Easy Purchase: You can buy $PEPU with ETH, USDT, BNB, or a credit card.
  • Take Action: Don’t miss this chance to potentially become a millionaire or even a billionaire!

This sentiment is echoed by popular crypto YouTuber Jacob Crypto Bury, who sees significant growth ahead for meme coins this year and emphasizes the advantages of investing in presales such as Pepe Unchained.

Buy PEPU Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

More Articles

Features
Linea Airdrop: Will the Token Fail or Breathe Life into L2s?
Olga Primakova
Olga Primakova
2025-02-10 16:32:37
Blockchain News
Crypto Mixers Used Less By Ransomware Criminals, AI Agents Pose New Threat
Rachel Wolfson
Rachel Wolfson
2025-02-10 16:25:01
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors