Fun

Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To $1 Resume?

News Feed - 2025-02-04 11:02:45

Este artículo también está disponible en español.


Dogecoin is beginning to regain momentum after a sharp dropin the early hours of January 3, a move that liquidated many traders who had been bettingon continued upside. This decline wasn’t just another pullback,as it marked the most significant Dogecoin price drop in six months.


As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery gains traction will largely depend on Bitcoin’s next move, as broader market sentiment continues to shape Dogecoin’s trajectory. Dogecoin Completes Second Major Correction, Echoing Past Bull Cycles


As noted bycrypto analyst Kevin, Dogecoin’s recent drop was its second major pullback this cycle. Furthermore, the recent pullback closely resembles corrections seen in the previous cycle before Dogecoin eventually shot upto reach its all-time high.  Related Reading Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash 2 weeks ago


The recent drop saw Dogecoin reach a bottom of $0.2237 yesterday after a 32% fall from $0.329 just 24 hours earlier. Interestingly, this drop meant Dogecoin had corrected by about 58% from its $0.49 in December 2024. As pointed out by the analyst, this looks much like a similar playout in early 2021, when Dogecoin retraced by about 56.8% on its upward move. DOGE makes second major pullback | Source: Kevin on X


Both instances were the second major pullback in their respective cycles, and if the pattern holds like the first cycle, the latest dip may have set the stagefor the next leg higher for Dogecoin to finally break above $1. Will DOGE Rally To $1 Soon? Bitcoin’s Influence Is Key


Dogecoin’s road to $1 is still intact, but the timing of the next surge depends on a few factors and breaks above multiple resistance levels. One of the most notable factors is Bitcoin’s dominance in the crypto market. Related Reading Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 2 weeks ago


As Kevin pointed out, Dogecoin’s ability to resume its uptrend hinges largely on Bitcoin’s performance. The broader crypto market often follows Bitcoin’s lead, and if it maintains bullish momentum, the meme coin could soon follow suit. On the other hand, a fall or continued consolidation of the Bitcoin price could lead to a similar move for Dogecoin, as highlighted by Bitcoin’s breakbelow $93,000 yesterday. 


At the time of writing, DOGE is trading at $0.2593 and is starting to push steadily upwards after bouncing off at $0.223. The key area for bulls to reclaim is $0.33, which has acted as strong resistance since January. A break above this level could signal renewed bullish momentum, potentially setting up Dogecoin for a steady climb toward $0.4 and then $0.5. Bitcoin also needs to registera notable break above $100,000. DOGE trading at $0.26 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

News Feed

NYCB stocks flip wildly as banks brace for end to fed bailouts
Martin Young4 hours agoNYCB stocks flip wildly as banks brace for end to fed bailoutsStock prices for the embattled lender have slumped 83% since the beginning of 2024, hitting an all-time low this week before rebounding
Regina Sadykova10 hours agoCrypto VC: Token investing and the next bull run with Digital Wave FinanceCointelegraph sits down with Digital Wave Finance to talk about investment strategies and what could catalyze the next
FivebalanceUSA Exploring Adding ShibaInu Token as an Additional Reward
FivebalanceUSA Exploring Adding ShibaInu Token as an Additional Reward press release PRESS RELEASE. Miami, FL – As the first and only company publicly known to date to use bl
Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi
Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
BRICS Nations "Coalescing Against the Dollar," Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency In spite of turbulence in traditional glob
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based in
Bitcoin whale demand accelerates, but price jump could ‘take weeks’ — Analysts
Ciaran Lyons2 hours agoBitcoin whale demand accelerates, but price jump could ‘take weeks’ — AnalystsThe break in Bitcoin’s daily downtrend and heightened demand from whales indicate Bitcoin’s price could jump,
Video: Tesla Model 3 Bursts Into Flames TWICE After Autopilot Crash
TwitterFacebookLinkedInThis shocking video shows a Tesla Model 3 burst into flames - TWICE - after a Moscow crash. That won"t help Tesla"s "explosive" reputation. | Source: AP Photo / Jae C. Hong
Dencun upgrade goes live on Ethereum mainnet
Zoltan Vardai10 hours agoDencun upgrade goes live on Ethereum mainnetDencun, the biggest upgrade since the Merge, has just gone live on the Ethereum network.9939 Total views6 Total sharesListen to article 0:00NewsOwn thi
Turner Wright3 hours agoUS lawmakers allege CCP connection in calling for SEC, DOJ investigation of PrometheumRepublican members of Congress stepped up their allegations of Prometheum’s ties to the Chinese Community Pa
US Senators Introduce ‘Lawful Access to Encrypted Data Act’ — With Backdoor Mandate
US Senators Introduce "Lawful Access to Encrypted Data Act" — With Backdoor MandateUS lawmakers have introduced the Lawful Access to Encrypted Data Act to ensure law enforcement c
Robinhood to Launch Crypto Trading Internationally — Sees ‘Immense Potential’ in Crypto Economy
Robinhood to Launch Crypto Trading Internationally — Sees "Immense Potential" in Crypto Economy Robinhood has “set aggressive goals to start opening its crypto platform up