When Is A Good Time To Enter Dogecoin? Analyst Says Wait For This To Happen
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Dogecoin is again rallying to the upside, sparking bullish sentiments towards the leading meme coin. With bulls looking to take advantage of this rally, crypto analyst Kiu has provided insights into what market participants should look out for before jumping on the DOGE rally .
What To Look Out For As Dogecoin Rallies To The Upside
In a TradingView post , Kiu told market participants to look for a clear breakout and at least two 4-hour candles closing above the resistance line around $0.19460. He remarked that if the Dogecoin price then retests that line as new support, it is a good spot to enter a long position. The analyst advised that a stop loss be put around the current low at $0.12500.
Kiu outlined this plan while also commenting on Dogecoin's current price action. He noted that the price is currently breaking above the descending channel , which forms the falling wedge resistance line. The analyst claimed this was a bullish signal but told market participants to pay close attention to the next key resistance area, around $0.19460. This area aligns with the previous high and the red resistance zone.
Source: Kiu on Tradingview
Meanwhile, the crypto analyst stated that the top of the wedge is the target for this projected rally since it also aligns with a heavy resistance zone. His accompanying chart showed that $0.45143 is the target, a price level that also represents a local high for Dogecoin . DOGE rallied to that level in December last year following its bull run, which began around October.
Read More Monero [XMR]: Bears should be cautious about the $157.1 support
Crypto analyst Kevin Capital also alluded to an analysis in which he predicted Dogecoin would enjoy a significant rally to the upside once Bitcoin's dominance found a macro top. Based on his accompanying chart, DOGE could at least rally to the much-anticipated $1 price level.
DOGE's Short-Term Target Is $0.29
Crypto analyst Trader Tardigrade predicted that Dogecoin could rally to as high as $0.29 in the short term. He revealed that DOGE is breaking out of a diamond pattern on the daily chart, with $0.29 being the target for this breakout. His accompanying chart showed that the rally to this target could happen before the month ends.
In another post, Trader Tardigrade indicated that Dogecoin will likely sustain this bullish momentum. He revealed that an RSI breakout is visible on the daily chart, which consistently occurs during every 29-day period during which DOGE witnesses a pump. In line with this, the analyst affirmed that the meme coin's uptrend is 'programmed.' Dogeoin is already eyeing a breakout above the psychological $0.2 level, which could pave the way for a rally to new highs.
At the time of writing, the Dogecoin price is trading at around $0.19, up over 8% in the last 24 hours, according to data from CoinMarketCap.
DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
2 hours ago
- Associated Press
ZA Miner Unveils 2025 Dogecoin & Ethereum Cloud Mining Event
London, UK, June 22, 2025 (GLOBE NEWSWIRE) -- Free $100 trial contract and new ETH mining plans roll out alongside upgraded referral bonuses London, UK – ZA Miner today launched an enhanced wave of cloud mining offerings as part of its 2025 Growth Event. This release introduces new Ethereum (ETH) contracts and a free $100 Dogecoin trial, all designed to help users generate passive crypto income without the complexities of hardware management, perfectly timed to capture interest during recent market fluctuations. What's in the 2025 Growth Event? Why Now? Following crypto's recent gains and a renewed public appetite for easier entry into mining, ZA Miner's flexible contracts and free entry point offer an approachable way for users to participate, without the hassle of buying and maintaining equipment. Features & Infrastructure Strength Event Highlights & Timeline How It Works Final Notes ZA Miner's mid-2025 Growth Event offers a simplified, low-entry path to crypto mining—without hardware, hidden fees, or technical hurdles. With a free trial, transparent daily payouts, and solid infrastructure, this rollout is built for anyone interested in passive earnings through cloud mining. ZA Miner is a UK-based cloud mining provider offering simple, secure, and sustainable crypto mining solutions for individuals worldwide. With a focus on accessibility, clean energy, and automated passive income. Disclaimer: Name: ZA miner Email: [email protected]
Yahoo
2 hours ago
- Yahoo
Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran
Bitcoin briefly fell below $99,000 on Sunday to its lowest level in more than six weeks as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. After trending sharply higher between early April and late May, the cryptocurrency has consolidated within a descending channel. Investors should watch crucial support levels on Bitcoin's chart around $100,000 and $92,000, while also monitoring resistance levels near $107,000 and $112, (BTCUSD) briefly fell below $99,000 on Sunday as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. The digital currency moved as low as $98,200 on Sunday afternoon, its lowest level since May 8, amid uncertainty about the geopolitical and economic outlook after the U.S. late Saturday entered a conflict between Israel that had intensified over the past week. In recent trading, bitcoin had rebounded to about $101,200 but was still well down from its high last Monday of near $109,000. Below, we take a closer look at bitcoin's chart and apply technical analysis to identify crucial price levels worth watching out for. After trending sharply higher between early April and late May, bitcoin has consolidated within a descending channel. Over the past week, the cryptocurrency's price has retraced toward the pattern's lower trendline, an area on the chart that closely aligns with the psychological $100,000 level. Moreover, recent selling has coincided with the relative strength index falling below its neutral threshold, signaling weakening price momentum. Let's identify crucial support and resistance levels on Bitcoin's chart. Investors should initially monitor the $100,000 level. This area on the chart is likely to gain significant attention near the descending channel's lower trendline and a range of corresponding trading activity stretching back to last November. A decisive close below this level could see the cryptocurrency's price revisit lower support around $92,000. Investors may seek buying opportunities in this area near a horizontal line that links a series of price action on the chart between November and April. The first resistance level to watch sits around $107,000. The cryptocurrency could face overhead selling pressure in this location near the descending channel's top trendline, which also closely aligns with prominent peaks that formed on the chart in December and January. Finally, buying above this level could see BTC bulls push the price toward $112,000. Investors who have accumulated bitcoin during its recent retracement could decide to lock in profits near last month's high, which also marks the cryptocurrency's all-time high. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
This Crypto Trader Put His Life Savings on the Line—And His $170K Bitcoin Prediction Could Change Everything
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Jesse Eckel thought he had crypto figured out. The trader, who admits his 'entire life savings is in crypto,' started 2024 with bold predictions: a Bitcoin strategic reserve, major market dips, and explosive altcoin seasons. Some calls hit—others missed spectacularly. Now, after what he calls being 'completely wrong' about market timing, Eckel has thrown out his old playbook entirely. His new analysis suggests we're not even close to the real crypto boom yet—and when it arrives, it could be unlike anything we've seen before. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . For years, crypto traders have relied on a straightforward model: Bitcoin halving events every four years trigger bull markets, followed by 'alt seasons' where smaller cryptocurrencies explode in value. Eckel built his strategy around this framework—until it nearly cost him everything. 'My entire life savings is in crypto, so being wrong costs me heavily in blood,' Eckel explained in a recent "Milk Road" podcast. His wake-up call came when what looked like an alt season in late 2024 turned out to be what he now calls an 'Oat season'—a pale imitation lacking the fundamental drivers of real crypto booms. The problem wasn't just bad timing. The entire four-year cycle model, Eckel realized, was 'outdated.' Digging deeper into market mechanics, Eckel discovered that crypto cycles aren't really about Bitcoin halvings at all. They're about something much bigger: the global debt system breaking down roughly every four years. Here's how it works: When financial systems face serious stress, policymakers panic and inject massive amounts of liquidity—what Eckel colorfully describes as 'green ooze' pumped into a failing tire. This isn't sustainable economic policy; it's what economist Lawrence Leard calls 'mega advanced fraud on the highest level scale.' The key insight? It's not about total money supply, which always increases. It's about the year-over-year growth rate of that supply. Looking at the data, major spikes in M2 growth aligned perfectly with crypto bull markets in 2013, 2017, and 2021. Trending: New to crypto? on Coinbase. Despite a 'pro-crypto administration' and improving regulatory environment, Eckel argues we're still missing crucial ingredients for a true alt season: Insufficient global liquidity growth: Money printing hasn't reached the levels needed to fuel a massive crypto rally Tight credit conditions: Liquidity needs to be 'abundant and widely available,' not just present Limited economic pain: The 'one ring to rule them all' that forces policy changes hasn't materialized yet What we've seen recently—including the post-Trump election rally—represents 'crypto native fuel' rather than the massive institutional and retail FOMO that characterizes real bull markets. Despite recalibrating his timing, Eckel maintains aggressive price targets: Bitcoin: $170,000 to $190,000, with potential for $250,000 if money printing accelerates dramatically Ethereum: $13,000 to $20,000, positioned as a 'catch-up trade' to Bitcoin's digital gold narrative These ranges depend entirely on the 'total size of the blob'—the magnitude of liquidity injection when the next crisis hits. Eckel's models suggest optimal conditions for an alt season could emerge by late 2025, though he acknowledges it might not arrive until early or late 2026. The timing depends on how quickly various 'policy points' flip positive: Tax cuts and deregulation Banking regulation changes (like SLR exemptions) International liquidity from China, Japan, and Europe US dollar weakness (affecting 40% of global debt)When the real alt season arrives, don't expect a repeat of previous cycles where 'everything goes up.' Eckel estimates 99.999999% of crypto tokens are essentially memecoins, with only 1,000 to 2,000 representing legitimate projects with actual utility, teams, and revenue. The next boom will likely reward quality over quantity, as retail investors burned by scams gravitate toward 'safe stuff' with real fundamentals. This represents a 'real movement from pumpamentals to fundamentals.' For investors willing to take significant risks, Eckel highlights two sectors: AI Tokens: Retail investors who missed Nvidia's (NASDAQ:NVDA) massive gains will chase crypto AI tokens for 'life-changing money.' His current pick is Unagi , a $9 million market cap project that pivoted from gaming to AI applications. Decentralized Science (DeSci): Adjacent to AI with 'sci-fi level vibes,' these tokens could benefit from crypto's tendency to fund speculative innovation. Eckel favors Researchcoin , a $36 million project co-founded by Coinbase (NASDAQ:COIN) CEO Brian Armstrong that aims to accelerate scientific research through blockchain-based funding and peer review. Eckel's analysis suggests we're in a unique moment: crypto infrastructure is stronger than ever, regulatory headwinds are easing, and institutional adoption continues—but the massive liquidity event that triggers generational wealth creation hasn't happened yet. For investors, this creates both opportunity and risk. Those who position themselves correctly before the next crisis-driven money printing cycle could see extraordinary returns. But timing remains everything, and as Eckel learned the hard way, being early can be just as costly as being wrong. His strategy reflects this reality: 'heavily betting on alt season' while acknowledging that 'if it doesn't hit, I'm screwed.' It's a high-stakes approach that few retail investors should replicate entirely, but his framework offers valuable insights for anyone trying to navigate crypto's increasingly complex cycles. The question isn't whether another crypto boom will come—it's whether you'll recognize the real signals when they arrive. Read Next: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article This Crypto Trader Put His Life Savings on the Line—And His $170K Bitcoin Prediction Could Change Everything originally appeared on
