Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
DOGE Dog coin is about to usher in a parabolic rise? These signals suggest that it is possible that the craze for
memoin has long subsided or may even be forgotten, as evidenced by the sharp drop in the price of its leader. DOGE recently fell below US$0.07, setting a new low in the past three years, and has not yet been able to recover that price. Although there is still a 90% gap from the historical high in 2021, many well-known analysts believe that it is this downturn that may lay the foundation for the next round of major gains.
Is dogcoin about to enter a parabolic rise?
First, analyst Ali Martinez told more than 165,000 fans on his social platform that multiple indicators have collectively pointed to Dogecoin's bullish outlook. He pointed out that the original meme was approaching a parabolic rise after falling back to the bottom of its multi-year price channel. In addition, Martinez also mentioned that Dogecoin's weekly TD Sequential indicator has issued buy signals many times in a row. This rare phenomenon is seen by analysts as a potentially important warning that a rally may be imminent.
Internet activity has also increased significantly. The number of active addresses in Dogecoin jumped from 38,000 in July to 44,000 earlier this month, an increase of double-digit percentages. The analyst's core argument is largely based on Dogecoin's historical trend-it has repeatedly consolidated for long periods near the bottom of the long-term structure before exploding. Of course, investors should note that historical performance does not predict future price movements. However, Dogecoin has once again returned to the US$0.07 region, which means that its risk-reward ratio has changed significantly compared with the fanatical period of previous rounds of increases.
More supporting views
Martinez is not the only analyst who is optimistic about Dogecoin. Cryptocurrency analyst Crypto Patel also highlighted the asset's current position in the long-term fundraising structure. He has repeatedly pointed out that the US$0.07 to 0.10 range is the main funding area for Dogecoin, and believes that if this area can gain effective support again, it may eventually pave the way for a more ambitious target price. Some of his long-term forecasts now look bold-with a top price target of $4. However, to achieve this goal, Dogecoin needs to hit US$0.28 (the most realistic price) before it can hit new historical highs of US$1 and US$2.
Well-known trader Lucky told his nearly 2 million fans that the largest and earliest memecoin should be "closely watched", hinting that it could usher in a sizable rally in the coming weeks or months.
