Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Dogecoin Update: Why $0.42 is Key to DOGE’s Next Target
Altcoins

Dogecoin Update: Why $0.42 is Key to DOGE’s Next Target

2024-11-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Dogecoin breaks below the wedge pattern, but there is a potential double bottom at $0.38.
  • DOGE social sentiment is rising as financing rates reach new peaks.

Dogecoin [DOGE] recently showed its potential for a rally as the price moved within a certain price range between $0.42 and $0.38.

Observing the chart, DOGE broke towards the $0.38 mark, indicating a possible double bottom formation that could cause a 22% price increase.

This pattern suggested a pivotal moment; If DOGE manages to hold and sustain the price above the $0.42 level, it could soar past the 22% increase from the current price. On the other hand, failure to regain this level could continue the downtrend.

Dogecoin DOGEDogecoin DOGE

Source: trading view

For traders looking for a more conservative approach, waiting for a clear break above the resistance at $0.42 could be a safer bet.

Such a breakout would confirm strong bullish momentum, which would likely initiate a sustained upward trajectory. This critical juncture requires vigilant observation as it could likely determine DOGE’s market direction in the near term.

Social dominance and sentiment

DOGE continued to solidify its position as the dominant memecoin in the social media space, ranking third on the list of most popular tokens.

This spotlight on Dogecoin highlighted its continued popularity and potential for a rally beyond 22% gains if the price remains above $0.42, driven by speculative interest, during this historic bull rally in the crypto markets.

Among the meme coins, Dogecoin, together with PNUT and PEPE, led the wave of discussions on social media, underlining DOGE’s strong presence and influence.

Source: Santiment

With Bitcoin ranking seventh among several memecoins in the discussion figures, this illustrated the shift in investor focus towards more speculative assets.

See also  XRP Ledger sees a sharp decline in the key benchmark that threatens to send the XRP price to $0.2

The DOGE crowd’s enthusiasm indicated continued bullish sentiment. The Smart Money was also bullish Market Prophet on

This dynamic could further strengthen Dogecoin’s market position and attract both seasoned traders and newcomers seeking quick profits in a vibrant market environment.

Open interest rates and financing rates

Dogecoin’s OI-weighted funding rate has generally hovered around 0.0158% lately, indicating a balance between buyer and seller sentiment.

Sharp spikes in the funding rate, both upward and downward, indicated short periods when long or short positions faced higher costs.

Recently, the funding rate experienced a spike that coincided with a noticeable increase in the price of DOGE, especially after it rose above $0.42.


Read Dogecoins [DOGE] Price forecast 2024–2025


Source: Coinglass

This spike indicated increased activity and could indicate increased speculative interest or leverage in the market.

If the high financing rate continues, it could indicate an impending price correction due to over-indebtedness of traders, which would affect DOGE’s price stability. Conversely, a normalization of financing rates to near zero could stabilize price movements, leading to an increase above 22%.

Next: Crypto’s Future Under Trump: Executives Urge a Shake-Up at the SEC

Source link

Dogecoin DOGEs Key Target update
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Galaxy’s Novogratz says crypto will see favorable regulation regardless of who wins the election

2024-07-02

Will Bitcoin Fall Another 40%? “Nothing but air,” analyst claims

2024-05-02

It’s Hot Girl Summer, for Bitcoin!

2023-07-06
Editors Picks

Tether and Medoo collaborate to launch Blockchain Academy in Vietnam

2025-01-25

Senator Lummis Advocates for Bitcoin Reserve by Converting US Gold Holdings

2024-11-18

Louisiana announces that state services can now be paid for with Crypto

2024-09-19

Algorand Foundation and the core nuclear ‘Build on blockchain’ series for market leaders

2025-04-20

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,874.87-1.38%
  • ethereumEthereum(ETH)$2,447.48-4.07%
  • tetherTether USDt(USDT)$1.000.06%
  • rippleXRP(XRP)$2.34-3.69%
  • binancecoinBNB(BNB)$642.79-1.26%
  • solanaSolana(SOL)$163.40-6.13%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.219395-4.20%
  • cardanoCardano(ADA)$0.73-4.94%
  • tronTRON(TRX)$0.265559-3.06%
  • suiSui(SUI)$3.72-5.94%
  • chainlinkChainlink(LINK)$15.36-4.71%
  • avalanche-2Avalanche(AVAX)$21.97-6.77%
  • stellarStellar(XLM)$0.282709-4.02%
  • hyperliquidHyperliquid(HYPE)$25.71-5.56%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189523-4.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-1.27%
  • bitcoin-cashBitcoin Cash(BCH)$386.91-4.32%
  • litecoinLitecoin(LTC)$96.70-3.12%
  • the-open-networkToncoin(TON)$2.95-6.31%
  • polkadotPolkadot(DOT)$4.55-6.28%
  • moneroMonero(XMR)$344.430.32%
  • bitget-tokenBitget Token(BGB)$5.13-2.97%
  • pepePepe(PEPE)$0.000013-6.06%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.41%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.82-5.68%
  • bittensorBittensor(TAO)$402.17-6.91%
  • aaveAave(AAVE)$225.83-3.36%
  • nearNEAR Protocol(NEAR)$2.73-5.82%
  • aptosAptos(APT)$5.09-3.71%
  • okbOKB(OKB)$51.94-2.85%
  • ondo-financeOndo(ONDO)$0.91-4.70%
  • kaspaKaspa(KAS)$0.106901-7.36%
  • ethereum-classicEthereum Classic(ETC)$18.06-3.88%
  • internet-computerInternet Computer(ICP)$5.12-4.56%
  • gatechain-tokenGateToken(GT)$21.36-1.62%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-3.69%
  • crypto-com-chainCronos(CRO)$0.094117-6.43%
  • mantleMantle(MNT)$0.73-2.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231742-4.73%
  • vechainVeChain(VET)$0.027584-4.80%
  • render-tokenRender(RENDER)$4.49-5.63%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.356799-9.83%
  • filecoinFilecoin(FIL)$2.81-3.93%
  • algorandAlgorand(ALGO)$0.217737-4.80%
  • arbitrumArbitrum(ARB)$0.381192-4.89%
  • bitcoinBitcoin(BTC)$103,874.87-1.38%
  • ethereumEthereum(ETH)$2,447.48-4.07%
  • tetherTether USDt(USDT)$1.000.06%
  • rippleXRP(XRP)$2.34-3.69%
  • binancecoinBNB(BNB)$642.79-1.26%
  • solanaSolana(SOL)$163.40-6.13%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.219395-4.20%
  • cardanoCardano(ADA)$0.73-4.94%
  • tronTRON(TRX)$0.265559-3.06%
  • suiSui(SUI)$3.72-5.94%
  • chainlinkChainlink(LINK)$15.36-4.71%
  • avalanche-2Avalanche(AVAX)$21.97-6.77%
  • stellarStellar(XLM)$0.282709-4.02%
  • hyperliquidHyperliquid(HYPE)$25.71-5.56%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.24%
  • hedera-hashgraphHedera(HBAR)$0.189523-4.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-1.27%
  • bitcoin-cashBitcoin Cash(BCH)$386.91-4.32%
  • litecoinLitecoin(LTC)$96.70-3.12%
  • the-open-networkToncoin(TON)$2.95-6.31%
  • polkadotPolkadot(DOT)$4.55-6.28%
  • moneroMonero(XMR)$344.430.32%
  • bitget-tokenBitget Token(BGB)$5.13-2.97%
  • pepePepe(PEPE)$0.000013-6.06%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.41%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.82-5.68%
  • bittensorBittensor(TAO)$402.17-6.91%
  • aaveAave(AAVE)$225.83-3.36%
  • nearNEAR Protocol(NEAR)$2.73-5.82%
  • aptosAptos(APT)$5.09-3.71%
  • okbOKB(OKB)$51.94-2.85%
  • ondo-financeOndo(ONDO)$0.91-4.70%
  • kaspaKaspa(KAS)$0.106901-7.36%
  • ethereum-classicEthereum Classic(ETC)$18.06-3.88%
  • internet-computerInternet Computer(ICP)$5.12-4.56%
  • gatechain-tokenGateToken(GT)$21.36-1.62%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-3.69%
  • crypto-com-chainCronos(CRO)$0.094117-6.43%
  • mantleMantle(MNT)$0.73-2.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231742-4.73%
  • vechainVeChain(VET)$0.027584-4.80%
  • render-tokenRender(RENDER)$4.49-5.63%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • ethenaEthena(ENA)$0.356799-9.83%
  • filecoinFilecoin(FIL)$2.81-3.93%
  • algorandAlgorand(ALGO)$0.217737-4.80%
  • arbitrumArbitrum(ARB)$0.381192-4.89%