Ethereum

Dogecoin

bullish

Bitcoin

<p>After dropping more than 7 percent last week, Dogecoin (DOGE) has made a strong recovery from a key bullish breakout. The meme coin, with a fully diluted market valuation of approximately $16.2 billion and an average daily trading volume of around $799 million, gained over 2 percent in the last 24 hours, pushing its price above the crucial $0.11 support level during early Monday trading in the New York session.</p>   
<p>The<a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener"> Dogecoin price</a> rebound coincided with the <a href="https://coinpedia.org/news/crypto-market-today-oct-7th-2024-bitcoin-price-crosses-62k-altcoins-see-minor-price-pump/" target="_blank" rel="noreferrer noopener">Bitcoin price spike above $63k</a> earlier today, as investors repositioned their portfolios to match the escalating geopolitical tensions.</p>   
<h2 class="wp-block-heading" id="h-whale-investors-are-buying-should-you-too">Whale Investors Are Buying - Should You Too?</h2>   
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<p>According to on-chain data from IntoTheBlock, large Dogecoin holders acquired over 2 billion DOGE units, valued at more than $220 million, in the past week. Notably, last week’s whale accumulation marked the highest level since January, indicating increased interest from major investors.</p>   
<p>The Dogecoin network, secured by a<a href="https://coinpedia.org/beginners-guide/proof-of-work-pow/" target="_blank" rel="noreferrer noopener"> proof-of-work (PoW)</a> consensus mechanism, has seen a rise in crypto miners, particularly after Ethereum transitioned to a proof-of-stake (PoS) model. Currently, the Dogecoin network boasts over 7.4 million non-zero addresses, highlighting its growing user base.</p>   
<h2 class="wp-block-heading" id="h-doge-price-technical-analysis">DOGE Price Technical Analysis </h2>   
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<p>From a technical perspective, Dogecoin is forming a fractal pattern reminiscent of previous macro bull runs. After experiencing a retracement of over 65% in the past seven months, the analysis suggests that Dogecoin is well-positioned to embark on its next major bull run toward a new all-time high in the near term.</p>   
<p>Recent observations show that DOGE successfully retested the bullish breakout from a daily falling logarithmic trend. Additionally, it has rebounded from the 50-day <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">moving average (MA)</a>, signaling that bullish momentum is gradually gaining strength.</p>   
<h2 class="wp-block-heading" id="h-key-levels-to-watch"><strong>Key Levels to Watch</strong></h2>   
<p>However, for DOGE to maintain its upward trajectory, it must rally above the 50 and 200 MAs on the weekly timeframe. The formation of a death cross last year raises concerns about potential further retracement in the near term if these resistance levels are not overcome.</p>   [post_titles_links postid="361752"   
<p><strong>The Dogecoin price is on the move. Will it reach new heights, or will it face a setback?</strong></p>

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