• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Analysis: Can the Cryptocurrency Hold Its Ground?

user avatar

by Giorgi Kostiuk

3 months ago


Dogecoin is facing a critical moment as its price hovers around $0.33. This level is seen as significant support, and analysts are pondering potential scenarios.

Current Situation with Dogecoin

Dogecoin is at an important stage where buyers and sellers are battling for a key price level. After briefly dropping below $0.27 in December, its price quickly rebounded, forming a structure described by analyst Trader Tardigrade as a 'selling climax'. This technical pattern is often observed before a bullish reversal, indicating an exhaustion of sellers and a gradual return of buying pressure.

'Selling climax' indicates an exhaustion of sellers, allowing for the return of buying pressure.Trader Tardigrade

Whale Accumulation: A Signal for Growth?

The interest of whales, large holders of Dogecoin, is a key market evolution indicator. According to on-chain analysis data from Santiment, wallets holding between 10 and 100 million DOGE have accumulated over 470 million tokens in just 48 hours. This purchasing wave increased their total holdings to 22.56 billion DOGE, a high for the last 30 days. This strategy may indicate anticipation of a bullish movement, and analysts believe it reinforces the probability of a reversal.

Importance of Upcoming Days for Dogecoin

The coming days are crucial for Dogecoin. If the support around $0.315 withstands selling pressure, it could serve as a springboard for a bullish recovery. The current momentum may encourage a return of confidence to the market, but the crypto sector remains unpredictable. A breach of this key level could lead to a more pronounced correction.

Dogecoin's position at a key support line draws investors' attention as they anticipate a potential reversal. Whales' token accumulation also points towards a possible price increase. In the upcoming days, monitoring technical indicators and major investors' behavior will be vital to confirm or disprove the reversal hypothesis.

0

Share

Other news

Cardano's Leios Upgrade: Solana Speed with Full Decentralization

Cardano gears up for the Leios upgrade promising Solana-level speeds without compromising decentralization.

user avatarGiorgi Kostiuk

8 minutes ago

Crypto Market Financing Surges to $2.883 Billion in March 2025

Crypto financing hit $2.883 billion in March 2025, surpassing February's figures by 198%, led by CeFi projects.

user avatarGiorgi Kostiuk

8 minutes ago

Bitcoin Mining Growth and Its Market Impact in 2024

Bitcoin mining surge in 2024 due to enhanced computational power and efficiency.

user avatarGiorgi Kostiuk

8 minutes ago

Crypto Vision Conference 2025: A Spotlight on Metro Manila

Manila sets the stage for Crypto Vision Conference 2025: Blockchain, NFTs, and Web3 take center stage.

user avatarGiorgi Kostiuk

9 minutes ago

MAGACOINFINANCE's Rise: A New Player in the Crypto Market

MAGACOINFINANCE is catching traders' eyes in 2025 with its community strength and growth potential, reflecting early Solana dynamics.

user avatarGiorgi Kostiuk

9 minutes ago

Investors Are Massively Shifting from Ethereum to XRP, Says CryptoBull

Leading analyst CryptoBull notes growing interest in XRP as investors move away from Ethereum.

user avatarGiorgi Kostiuk

19 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.