Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup
In a dramatic reversal, Dogecoin (DOGE) plunged from around $0.34 as low as $0.20, wiping out nearly 40% of its value before finding tentative stability near $0.25 at press time. However, crypto analyst “Coosh” Alemzadeh (@AlemzadehC) maintains a bullish long-term outlook, sharing a weekly chart of DOGE/USD and remarking, “DOGE: Looking really good here,” despite the recent turmoil. Why Dogecoin Is Still Looking Bullish The unexpected news of new tariffs by the Trump administration on major trading partners like China, Mexico, and Canada on Friday has sent shockwaves across financial....
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A newly released video analysis by crypto commentator asif.eth (@asifeth) makes the case that Dogecoin is currently trading at what he calls a heavily undervalued level. He offered an explanation of why he believes the coin’s ongoing correction may have just concluded—a process he interpreted through an Elliott Wave lens and, more specifically, an ABC corrective pattern. Has Dogecoin Finished Its ABC Correction? In his discussion, the analyst described how Dogecoin had exhibited a pronounced rise, after which he saw “the first A correction and after that we got a B higher high, higher low…....
Dogecoin has suffered some of the worst of the crypto bear market after taking a severe hit to its price. In response, DOGE transactions had plunged rapidly, which suggests that the digital asset is falling out of favor with investors. However, despite these bearish trends, one crypto analyst still sees a surge in the future […]
Crypto analyst Trader Tardigrade has predicted that Dogecoin could rally 3,000% to a new all-time high (ATH) of $4. The analyst highlighted a bullish setup, indicating that the leading meme coin has formed a base that could spark a parabolic rally to the upside. Dogecoin Eyes Rally To $4 With This Bullish Setup In an X post, Trader Tardigrade stated that Dogecoin’s launch pad is set and that the setup before a massive surge is in place. His accompanying chart showed that DOGE could reach $4, seeing as this launchpad has formed. Such a move could mirror the 2017 bull cycle, where the meme....
The Dogecoin price has failed to revisit its all-time high of 2021 and is, in fact, trading 75% below its $0.73 ATH after a series of crashes rocked the crypto market. These crashes were spurred by US President Donald Trump declaring an all-out tariff war. Interestingly, the market recovery has once again been triggered by […]
An interesting setup observed by crypto analyst Bitguru could suggest that the Dogecoin price is on the path to another major recovery. This setup has previously led to major rallies in the past, having produced similar results at two separate times. Thus, it is not a stretch that the crypto analyst expects that Dogecoin will replicate this move once the setup is complete again. Dogecoin Moving Out Of Consolidation The trend that the crypto analyst highlights has to do with the overall trend and movement of the Dogecoin price during each rally. So far, each rally seems to be mirroring the....