Currencies32920
Market Cap$ 2.65T+1.86%
24h Spot Volume$ 115.23B+121.3%
DominanceBTC59.57%+0.51%ETH7.11%-2.64%
ETH Gas0.55 Gwei
Cryptorank
MainNewsCatching The...

Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar

Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar

Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level. 

Analyst Predicts 500% Surge For The Dogecoin Price

In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level.

Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level.

Dogecoin

Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin. 

The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3. 

Bullish Fundamentals Also Support A 5x Increase For DOGE

The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next.

Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trump’s administration. 

It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coin’s large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musk’s Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight. 

At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
Read the article at NewsBTC

Read More

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Amidst a broader crypto market crash, the Dogecoin price is down more than 20% in the...
Apr, 07, 2025
4 min read
by NewsBTC
Will Dogecoin Recover After Breaking Below Critical Support?

Will Dogecoin Recover After Breaking Below Critical Support?

Dogecoin has dropped to $0.1336 on the 4-hour chart, nearing its lowest value since N...
Apr, 07, 2025
2 min read
by TheNewsCrypto
MainNewsCatching The...

Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar

Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar

Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level. 

Analyst Predicts 500% Surge For The Dogecoin Price

In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level.

Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level.

Dogecoin

Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin. 

The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3. 

Bullish Fundamentals Also Support A 5x Increase For DOGE

The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next.

Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trump’s administration. 

It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coin’s large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musk’s Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight. 

At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
Read the article at NewsBTC

Read More

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Amidst a broader crypto market crash, the Dogecoin price is down more than 20% in the...
Apr, 07, 2025
4 min read
by NewsBTC
Will Dogecoin Recover After Breaking Below Critical Support?

Will Dogecoin Recover After Breaking Below Critical Support?

Dogecoin has dropped to $0.1336 on the 4-hour chart, nearing its lowest value since N...
Apr, 07, 2025
2 min read
by TheNewsCrypto