Top Analyst Shares Dogecoin Road to $10, Calls Holders ‘Absolute Legends’
By: bitcoin ethereum news|2025/05/02 19:45:01
0
Share
A recent Dogecoin chart by analyst “Steph is Crypto” highlights that DOGE continues to hold a rising trendline, with the latest bounce indicating renewed bullish momentum. Dogecoin’s recent price action reflects resilience despite a brief bearish dip. After dropping from a high of $0.19 to a low of $0.16 earlier this week, the coin swiftly rebounded to around $0.185, signaling renewed buying interest at lower levels. Analysts have since identified multiple structural price levels that continue to guide Dogecoin’s trajectory across various timeframes. Dogecoin Road to $10 For instance, a chart from Steph highlighted a significant long-term rising support line, labeled the “Legendary trend-line.” This trendline connects three major price lows over several years. It started in early 2020 above $0.001, followed by a touchpoint above $0.06 in 2024, and most recently at approximately $0.13 in 2025. At each of these levels, the price bounced, suggesting consistent defense of this trendline. The support level around $0.13 marked the most recent contact with the trendline, which preceded the latest price recovery. Notably, Dogecoin has not breached this line during any of the recent market cycles. According to the same chart, the formation indicates the potential for a long-term rally, with a speculative price target of $10. This would represent a 5,440% increase from the current price level. According to Step, those still holding DOGE are “absolute legend.” #DOGECOIN road to $10! If you’re still holding $Doge , you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 A More Conservative Outlook On a separate note, chart data from Trader Tardigrade focuses on daily timeframe signals, predicting a more conservative outlook. His analysis identifies a recurring pattern where Dogecoin bounces off an ascending trendline, forming higher lows each time. These price structures are often preceded by fake reversals ahead of the main breakouts. Specifically, in September of the previous year and April 2025, DOGE followed this bounce-and-breakout pattern. Each event aligned with a rounded bottom in the RSI curve. Historically, such RSI patterns have led to strong rallies, especially when curving upward past the 50 mark. The analyst’s chart sets an intermediate target at $1, contingent on the current bullish setup holding. Historical Pullback Behavior and Structural Consistency In yet another chart update, Trader Tardigrade examined Dogecoin’s price action over a 3-day timeframe, identifying a consistent pattern of prior swing highs serving as future support. In late 2023, DOGE broke past the $0.098 resistance, then tested and held that level as support in early 2024. A similar pattern occurred when a July 2024 swing high of $0.145 was revisited and confirmed as support in April 2025. Furthermore, the February 2025 high of $0.29 marked another key reference point before the price corrected. The return to the $0.145 support in April maintained the structural integrity seen in past cycles. Following this pullback, the next resistance has been projected above $0.23, with the potential to reach $0.80, a level that would surpass Dogecoin’s previous all-time high of $0.73. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/02/top-analyst-shares-dogecoin-road-to-10-calls-holders-absolute-legends/?utm_source=rss&utm_medium=rss&utm_campaign=top-analyst-shares-dogecoin-road-to-10-calls-holders-absolute-legends
You may also like
Bitdeer unveils $36M Nevada factory to shake up Bitcoin mining
Perplexity Fine-Tuned a Chinese AI Model to Match Claude Opus 4.8 at One-Third the Cost
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
A Comprehensive Analysis: Starting from 1996, Who is Laying the Foundation for the Next Generation of Capital Markets
Luke Dashjr, the Biggest Anti-Spammer of Bitcoin, Inscribed Phrases on the Network in 2011
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
Bitdeer unveils $36M Nevada factory to shake up Bitcoin mining
Perplexity Fine-Tuned a Chinese AI Model to Match Claude Opus 4.8 at One-Third the Cost
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


