Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/news/dogecoin/dogecoin-price-900-what-needs-to-happen/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Dogecoin To Soar 900%: Analyst Predicts What Needs To Happen
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dogecoin Price Could Soar 900%: Analyst Predicts What Needs To Happen

Jake Simmons
Jake Simmons
9 months ago
3 mins read
Dogecoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Since reaching its yearly high of $0.2288 on March 28, the Dogecoin price has plummeted by over 54%. From its all-time high in May 2021, the DOGE price has declined by more than 85%. Despite this downturn, crypto analyst Cryptorphic (@Cryptorphic1) suggests that a bullish reversal may be on the horizon.

Cryptorphic has conducted an in-depth analysis of the weekly DOGE/USDT chart, positing that Dogecoin could experience a substantial 900% surge in price. This optimistic forecast is underpinned by a combination of seven factors, ranging from technical indicators to broader market trends.

What Needs To Happen For Dogecoin To Skyrocket By 900%?

The chart shared by the analyst shows Dogecoin’s performance since February 2021, which is capped in a tightly bound channel. This channel was defined by consistent lower highs and higher lows forming a predictable pattern for over 1,127 days, until a notable change occurred. Based on this, Cryptorphic reveals seven arguments for being ultra bullish on DOGE.

Dogecoin price analysis
Dogecoin price analysis | Source: X @Cryptorphic1

#1 Breakout Above Accumulation Channel

In the last week of February 2024, DOGE experienced a breakout characterized by a massive candle that propelled it beyond the upper limits of this long-term channel. Following this breakout, Dogecoin entered a phase of retesting the upper boundary of the previous channel, a crucial phase for confirming the strength and potential longevity of the breakout.

Related Reading

Dogecoin

Dogecoin Price Looking Stronger – ‘Expect Massive Gains’, Analyst Predicts

10 months ago

The breakout is quite significant for occurring after over three years of price consolidation within a defined range. Such a long period of accumulation often sets the stage for massive price move once breached. A successful retest typically confirms the breakout’s validity and could signal a continuation of the upward trend.

#2 Strong Weekly Doji Candle

Another key aspect of what needs to happen is “printing a strong weekly Doji, signaling significant buying pressure from the bulls.” Such a candlestick on the weekly chart would be characterized by a small body with a long lower shadow, suggesting a victory for the bulls in a tug-of-war between buyers and sellers.

#3 The “Musk-Effect”

The mention of Dogecoin by Elon Musk, who may be promoting DOGE as a means of payment on X after the presidential election, could increase speculative sentiment. Musk’s tweets have had an extremely strong influence on the DOGE price in the past, but things have gone very quiet in recent months. “Elon Musk is likely to shill it after the presidential election this year,” the crypto analyst speculates.

#4 Moving Averages

From a technical standpoint, Dogecoin’s current position above the 200-day Exponential Moving Average (EMA) suggests a strong bullish sentiment in the long-term perspective. Conversely, its struggle to maintain above the 100-day EMA indicates immediate challenges. Thus, a decisive close above the 100-day EMA could be another major sign for a DOGE bull run.

Related Reading

Dogecoin price

Dogecoin Bounces Off Key Support Following Crash Below $0.1

10 months ago

#5 Relative Strength Index

The Relative Strength Index (RSI), currently below 45, supports the theory that there is “plenty of room to grow” without pushing the asset into the overbought territory. This is critical as it suggests that despite recent gains, the asset is not yet at risk of a major sell-off due to overvaluation, according to this metric.

#6 Market Trends

The analysis also highlights the current trend where memecoins are outperforming more fundamentally solid projects, indicating a market preference that could favor DOGE in a bullish cycle. This needs to continue. “MEME coins have been outperforming solid projects this season, and I believe DOGE will lead the charge in this bull run,” the analyst states.

#7 Weekly Close Above $0.11

Overall, the analyst claims that “Multiple indicators are suggesting a bullish move is on the horizon.” He plans to maintain a position in Dogecoin, with an intention to buy on dips—a strategy that leverages potential volatility for accumulation at lower prices.

The identified trigger point for a bullish acceleration is a weekly close above $0.11 in the grey liquidity area. A close above this threshold could catalyze the anticipated rally.

At press time, DOGE traded at $0.10432.

Dogecoin price
Dogecoin price, 1-week chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

selling dogecoin

Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself

Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for...

Scott Matherson 1 week ago
Dogecoin (DOGE) Slips

Dogecoin (DOGE) at Risk — Can Support Hold This Time?

Dogecoin started a fresh decline from the $0.2540 zone against the US Dollar. DOGE is now consolidating losses and might...

Aayush Jindal 1 week ago
Dogecoin price news

Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead

Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular...

Jake Simmons 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Where to buy Dogecoin

Dogecoin Is About To Enter It’s Worst Month In History – Why June Could Be Bloody

Scott Matherson 1 week ago
Dogecoin

Dogecoin Shows Signs Of A Trend Reversal With This Key Chart Pattern

Godspower Owie 1 week ago
Dogecoin Flashes Buy Signal – Key Indicator Hints At Rebound

Dogecoin Flashes Buy Signal – Key Indicator Hints At Rebound

Sebastian Villafuerte 1 week ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    2 weeks ago
  • Start RIPPLECOIN Mining cloud mining package through...

    2 weeks ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.