Zinger Key Points
- Dogecoin whales amassed 460 million DOGE as prices dropped 11% over the past seven days.
- Traders speculate on a potential 900% surge reminiscent of 2021, with one predicting a medium-term target of $0.55.
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Dogecoin DOGE/USD continues to trade sideways, but analysts still see bullish potential for the meme coin in the medium term.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.33 | $48.8 billion | +3.1% | -10.5% |
| Shiba Inu SHIB/USD | $0.00001878 | $11.06 billion | +3.2% | -8.9% |
| Pepe PEPE/USD | $0.0000128 | $5.4 billion | +0.6% | -17.9% |
Trader Notes: Crypto chart analyst Ali Martinez wonders if Dogecoin could replicate its explosive 900% rally from 2021.
Trader Tardigrade suggests bullish momentum based on Dogecoin’s activity in the Gaussian Channel.
He noted DOGE exited the red phase of the channel, retested the midline, and could be primed for two successive bull runs following this pattern
Similarly, Carl Moon pointed that Dogecoin has broken out of a falling wedge and is forming a symmetrical triangle.
He sees $0.55 as a realistic medium-term price target, provided bullish momentum sustains.
Statistics: Martinez highlighted whales having purchased 460 million DOGE during the recent price drop.
Over the past seven days, the meme coin is down 10%.
Coinglass data shows Dogecoin open interest spiked 1.6% to $3.97 billion, while derivates trading volume declined 40.6% in a single day.
Long liquidations stood at $1.07 million, the lowest since Jan. 11.
What's Next: The resurgence of whale activity suggests confidence among large holders despite broader market pessimism. Coupled with technical setups pointing to potential breakouts, analysts are cautiously optimistic about Dogecoin’s medium-term trajectory.
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