TL;DR

• DOGE is down

• SHIB is down

• Shiba Inu, Bonk, Pepe Prices Rebound: Beware of Dead Cat Bounce

• FARTCOIN Surges as Binance Announces Futures Listing

• Meme Coin Trader Records $3M Profit With ELIZA Trading Amid Launch Controversy

• Deep Worm Price Rockets 180% With Arthur Hayes Predicting Further Rally

• Shiba Inu Coin Lead Slams Litecoin As It Changes Identity To Meme Coin

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Dogecoin Price

Crypto is up this week, with DOGE being down 22.61% and SHIB down 22.69%:

Dogecoin (DOGE) Weekly Analysis

Market Overview

Dogecoin (DOGE) has experienced a volatile week, with its price dropping by 4.54% in the past 24 hours to $0.3119 as of the latest update. Its market cap stands at $45.95 billion, with a 24-hour trading volume of $5 billion. Notably, DOGE’s circulating supply is near its maximum cap of 147.3 billion coins. A positive development for Indian investors is the ability to view DOGE prices in INR, reflecting its growing global accessibility.

Despite the recent dip, analysts like Dima James and Trader Tardigrade remain optimistic. Dima predicts DOGE could reach a cycle high of $80 by mid-2025, citing historical patterns and Bitcoin’s influence. He projects DOGE’s cycle peak will occur three to four weeks after Bitcoin’s top, expected between February 11 and May 7, 2025. Meanwhile, Trader Tardigrade points to technical indicators like the Fibonacci level and the Gaussian channel, suggesting DOGE may have found a local bottom and is poised for a bullish reversal.

Technical Analysis

DOGE’s short-term price movement has been marked by strong resistance and potential support levels. It recently halted its downtrend near the Gaussian channel’s mid-band, indicating a pause in selling pressure. A Doji Dragonfly candle on the daily chart adds weight to the argument for a local bottom. Traders eye $0.33 as a critical price point, with a break above this range signaling the potential for a rally toward the psychological $1 mark.

Market Outlook

Dogecoin enters its final cycle year, historically its most significant. Analysts anticipate 2025 could outperform previous cycles due to increased adoption and technological advancements. With DOGE showing signs of stability and potential for a bullish reversal, the meme coin remains a key contender for investors seeking opportunities in altcoins.

Financial News

Dogecoin Whale Purchases Signal Potential Price Movements

In a recent development, Dogecoin (DOGE) whales have acquired an additional 250 million DOGE, worth around $80 million, signaling significant institutional interest in the memecoin. This accumulation suggests that large investors are positioning themselves for possible market movements, especially in light of recent price fluctuations. While it remains uncertain whether these whales anticipate a rally or are simply navigating ongoing price swings, their actions highlight the dominant role whale transactions play in the Dogecoin market, often influencing sentiment and liquidity. Current price levels near $0.31 indicate a crucial point, with some market analysts expecting a rebound if DOGE can regain momentum.

Whale activity in the Dogecoin market has been a key factor in recent volatility, with large transactions often coinciding with significant price movements. The current market situation has created mixed sentiments, with some investors cautiously optimistic, while others remain uncertain due to declining trading volumes and diminishing retail enthusiasm. If DOGE can reclaim the $0.35 mark, it might spark bullish momentum, but failure to maintain support above $0.30 could lead to further downside. The coming weeks will likely determine whether Dogecoin can stabilize and recover from recent volatility.

FLOKI Forms Bearish Pattern Amid Short-Term Gains: Is It Time to Buy?

Floki (FLOKI) has recently formed a bearish double-top pattern on its one-day chart, signaling a potential downtrend despite a 9% gain in the last 24 hours. While the broader crypto market saw a recovery, FLOKI remains down by 21% over the past week. The formation of this double-top pattern indicates a prevailing negative long-term trend. If FLOKI fails to break resistance at the $0.000207 neckline, the downtrend could resume, leading to further price declines. However, a successful breakout above this level could lead to a reversal and more gains, suggesting that the memecoin is at a critical juncture.

Despite recent price action, the lack of conviction in the FLOKI market is evident in the decline of open interest, which fell by 10% despite the recent gains. This suggests that traders are not fully confident in the rally's sustainability, and low market participation could undermine the uptrend. Key support levels at the 200-day Simple Moving Average (SMA) of $0.000166 and a demand zone between $0.000166 and $0.000172 will be pivotal in determining FLOKI's future price direction. A drop below these levels could trigger panic selling, while maintaining these support levels could attract new buyers and sustain the uptrend.

Why DOGE's Road to $0.50 is Complicated: Retail Fatigue and Whale Influence

Dogecoin (DOGE) has been struggling to regain momentum as retail interest fades and the speculative nature of the memecoin market begins to show its impact. While DOGE saw a brief 11% jump amid a broader market recovery, it faces significant challenges in reaching its previous high of $0.50, a level it hasn't seen in three years. Despite a potential rebound indicated by its low Relative Strength Index (RSI), DOGE’s notorious volatility and the growing control of large holders (whales) suggest that any short-term gains may be fleeting. Retail investors, who have traditionally fueled DOGE's price movements, are showing signs of fatigue, and the increasing dominance of whales is shifting the market dynamics.

For DOGE to reach $0.50, it will need more than just speculative momentum. A perfect confluence of factors, including bullish Bitcoin momentum, a fresh influx of retail investors, and a reduction in whale manipulation, is required for a sustained breakout. Without these catalysts, DOGE may face continued consolidation, with large holders continuing to shape the market. In the short term, whale-driven buying could push DOGE back to the $0.40 mark, but whether it can break through the $0.50 barrier remains uncertain, and the risk for retail investors remains high.

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