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According to Cointelegraph: Dogecoin’s price jumped by over 5% in the past 24 hours to trade at $0.3918, outpacing the broader cryptocurrency market, which saw a modest 0.9% rise. Several technical and on-chain metrics suggest that DOGE could be primed for new all-time highs in the coming weeks.Key Catalysts Driving DOGE’s Price RallyElon Musk and the D.O.G.E. InitiativeDogecoin’s bullish momentum has been fueled by heightened interest following U.S. President-elect Donald Trump’s victory and his announcement of the Department of Government Efficiency (D.O.G.E.), with Elon Musk and Vivek Ramaswamy appointed to lead it. Known as the "Doge Father," Musk’s involvement has amplified retail and institutional interest in DOGE.Social media mentions of Dogecoin have surged, indicating increasing attention, though data from Google Trends suggests that retail traders are still on the sidelines, leaving room for further price gains.Whale AccumulationOnchain data reveals that Dogecoin whales—addresses holding between 10 million and 100 million DOGE—accumulated approximately 140 million DOGE worth $56 million between Nov. 17 and 18. This accumulation followed a brief market correction, indicating large investors are positioning for higher future prices.Technical Indicators Signal Further UpsideBull Flag FormationFrom a technical standpoint, DOGE’s daily chart displays a bull flag pattern, a bullish continuation setup that suggests further gains. A breakout above $0.40, the upper trendline of the flag, could push DOGE’s price to $0.87, marking new all-time highs.Overbought SignalsHowever, caution is warranted as DOGE’s daily Relative Strength Index (RSI) remains in the overbought zone at 77. A pullback could see DOGE retest $0.355 or drop toward the $0.30 psychological level before resuming its uptrend.OutlookDogecoin’s rally, underpinned by technical patterns, whale accumulation, and increased social media buzz, indicates strong bullish momentum. As retail interest builds and onchain metrics improve, DOGE appears poised for further growth, with a potential target of $0.87 in sight.

According to BlockBeats, on November 16, prominent trader Eugene Ng Ah Sio shared insights on social media regarding the unexpected performance of certain cryptocurrencies. Ng highlighted that XRP, ADA, and DOGE have significantly outperformed other assets that were popular within the crypto Twitter community at the onset of the bull market. This development was not anticipated by Ng, yet he expressed his acceptance of the surprising trend.Ng's observations underscore a shift in market dynamics, where these cryptocurrencies have gained traction and surpassed expectations. The performance of XRP, ADA, and DOGE has caught the attention of traders and investors alike, as they continue to demonstrate resilience and growth in the evolving market landscape. This unexpected trend challenges previous assumptions about which assets would lead the market during this phase of the bull cycle.The commentary from Ng reflects a broader sentiment within the trading community, where adaptability and openness to market shifts are crucial. As the market continues to evolve, traders are encouraged to remain vigilant and responsive to emerging trends that may defy initial predictions. The success of XRP, ADA, and DOGE serves as a reminder of the dynamic nature of the cryptocurrency market and the importance of staying informed and flexible in investment strategies.

According to PANews, investors have officially withdrawn their appeal in the lawsuit accusing Elon Musk of manipulating the price of Dogecoin. This legal dispute has now come to a formal conclusion. The case, which attracted significant attention due to Musk's influence in the cryptocurrency market, centered around allegations that his public statements and actions led to artificial inflation of Dogecoin's value. The withdrawal of the appeal marks the end of a contentious legal battle that had been closely watched by both legal experts and cryptocurrency enthusiasts. The initial lawsuit claimed that Musk's tweets and public endorsements of Dogecoin were part of a deliberate strategy to manipulate the market for personal gain. However, with the appeal now retracted, the legal proceedings have been concluded without further escalation. This development is significant in the context of ongoing discussions about the impact of influential figures on cryptocurrency markets. Musk, known for his active presence on social media, has previously been credited with causing fluctuations in the value of various digital currencies, including Bitcoin and Dogecoin. The resolution of this case may set a precedent for how similar allegations are handled in the future, as the intersection of social media influence and financial markets continues to evolve.

According to U.Today, a significant figure in the Dogecoin (DOGE) community, known as "Mishaboar," has recently issued a crucial security warning. This advisory comes at a time when Dogecoin has experienced a remarkable increase of over 145% in the past ten days, reaching a value of $0.40 per coin and a market capitalization of $59.19 billion. Mishaboar's warning is not limited to Dogecoin holders but extends to the broader cryptocurrency community, highlighting security concerns with the widely used Phantom wallet. The recent update to the Phantom wallet has reportedly led to some users losing access to their digital assets. Originally designed for Solana, the wallet now also supports Bitcoin (BTC) and Ethereum (ETH) and is popular among meme traders. However, the latest update has introduced significant issues, causing setbacks for users. Reports indicate that the update can delete a user's seed phrase if it is not saved, potentially resulting in a loss of access to their assets. In one notable incident, the founder of a Solana-based project reportedly lost $1 million in POPCAT tokens due to this problem. Mishaboar advises Phantom wallet users to take immediate action by backing up their seed phrases to ensure future access. He emphasizes the importance of not storing large cryptocurrency holdings in smartphone wallets. Instead, he recommends using cold wallets or offline storage, which offer greater security. This advice is not only pertinent to Phantom users but also serves as a reminder to anyone using smartphone wallets to adopt better security practices. As the cryptocurrency market continues to attract more interest and prices rise, Mishaboar's statement underscores the necessity for crypto owners to actively protect their assets.

According to Cointelegraph: Dogecoin (DOGE) is showing strong potential for a significant rally, with technical indicators pointing toward a possible 1,000% gain, potentially pushing DOGE beyond the $1 mark. Following a recent 229% price surge in November, largely spurred by Donald Trump’s pro-crypto presidential win, Dogecoin has caught the attention of investors. Analysts suggest the memecoin could mirror its historic 2021 rally, which saw gains of over 7,000%.Dogecoin’s Bullish Pattern and Market MomentumVeteran trader Peter Brandt has highlighted an inverse head-and-shoulders pattern on Dogecoin’s weekly chart — a bullish signal that suggests more gains ahead. This pattern, combined with a “golden cross” on the weekly chart, could drive Dogecoin’s price to new highs. Crypto analyst Mikybull supports this outlook, forecasting a potential peak of $3 to $4 if the current market momentum holds, indicating a 1,136% rise from its current price.Key Levels to Watch: Support Zone at $0.30Dogecoin recently reached $0.44 on Nov. 12 before correcting to $0.34, oscillating between these levels. Analysts identify a crucial support area around $0.30 to $0.326, where a fair value gap aligns with the 50-day EMA. This range could act as a foundation for another leg up, with further gains likely if DOGE breaks above $0.44. Trump’s Win Fuels Dogecoin OptimismTrump’s pro-crypto stance, combined with his recent appointment of Elon Musk and Vivek Ramaswamy to the new Department of Government Efficiency (D.O.G.E.), has fueled investor interest in Dogecoin. The strategic moves and a potentially favorable regulatory environment may sustain bullish sentiment around DOGE, driving it closer to the $1 target.As DOGE’s chart patterns signal a bullish trend, and market sentiment remains strong, Dogecoin is well-positioned to continue its rally. However, experts caution that support at $0.30 will be crucial for sustaining upward momentum.

According to Benzinga: Dogecoin (DOGE) has seen an impressive 159% rally to $0.41 since the U.S. presidential election, driven by renewed optimism for a crypto-friendly environment under President Donald Trump and a broader cryptocurrency market surge. Bitcoin’s new all-time high has further contributed to this enthusiasm, sparking demand for meme-based assets like Dogecoin, which appeals to retail investors with its low price and high accessibility.Market Sentiment and Policy Speculation Drive Dogecoin HigherTrump’s campaign has generated excitement among crypto investors, with his messages suggesting support for a U.S. crypto economy. Expectations are rising that the Republican Party’s recent win will lead to policies favorable to digital assets, including corporate tax cuts and a stringent stance on inflation. As concerns over inflation grow, many investors are increasingly viewing cryptocurrencies as a hedge against dollar devaluation.Whale Moves 200 Million DOGE Amid Dogecoin’s 13% Daily Price RiseOn the back of Dogecoin’s rally, Whale Alert reported a large transfer of 200 million DOGE, worth nearly $45.7 million, from Robinhood to an anonymous wallet. This major transaction has stirred the crypto community, sparking various reactions and discussions on social media. Such substantial movements are often seen as a precursor to further price volatility, with traders keeping a close watch.According to analyst Ali Martinez, Dogecoin recently broke through the $0.198 resistance level, and if the meme coin continues to sustain above $0.20, it could enter a parabolic run. Over the past 24 hours, Dogecoin surged 13.28%, briefly reaching $0.232 before settling around $0.229 at the time of this report.As the pro-crypto sentiment grows and institutional interest in cryptocurrencies expands, Dogecoin’s community-driven appeal and market position as an entry-level asset could continue to boost its price trajectory.

According to Odaily, Nate Geraci, President of The ETF Store, recently shared insights on platform X, suggesting that the application for a spot DOGE ETF seems inevitable. Geraci anticipates that 2025 will be a remarkable year in this context.Geraci's comments highlight the growing interest and momentum in the cryptocurrency market, particularly concerning DOGE. The anticipation of a spot DOGE ETF application reflects broader trends in the financial sector, where digital assets are increasingly being integrated into traditional investment frameworks. This development is seen as a significant step forward for cryptocurrency, potentially opening new avenues for investors and enhancing the legitimacy of digital currencies in mainstream finance.The expectation for 2025 to be a 'crazy year' underscores the potential for significant changes and advancements in the cryptocurrency landscape. As regulatory frameworks evolve and more financial products are developed to accommodate digital assets, the market could witness substantial growth and transformation. This period may also see increased participation from institutional investors, further driving the adoption and acceptance of cryptocurrencies like DOGE.Overall, Geraci's remarks reflect a sense of optimism and anticipation within the cryptocurrency community, as stakeholders prepare for what could be a pivotal year in the evolution of digital finance.

According to Cointelegraph: Dogecoin (DOGE) is down today as traders capitalize on recent gains from the “Trump trade.” After reaching its highest level in five months, DOGE’s price correction suggests a profit-taking trend among traders following Donald Trump’s election win.DOGE Rally Shows Signs of OverheatingDOGE’s price fell by about 14% from a local high of $0.218, settling around $0.188 on November 7. The price dip comes as DOGE’s daily Relative Strength Index (RSI) crossed above 70, signaling an “overbought” condition. This RSI threshold often suggests that bullish momentum may be waning, leading to potential short-term pullbacks as the rally cools off. Additionally, DOGE’s recent RSI peak of 74.91 is lower than the October 9 high of 79.57, creating a divergence that could indicate weakening buying momentum.DOGE Futures Reflect Market IndecisionDOGE’s pullback coincides with a volatile futures market. Following Trump’s win, DOGE recorded around $63.83 million in liquidations, with nearly equal amounts in long and short positions. This balance of long and short liquidations indicates a turbulent market, with traders on both sides experiencing sharp price swings. High volatility in DOGE futures may prompt some traders to quickly lock in profits, contributing to today’s price retreat.DOGE Correction Risks and Key Resistance ZoneToday’s decline aligns with a recurring pattern as DOGE tests a long-standing resistance zone. This resistance level has served as a ceiling for DOGE since November 2021, with each test resulting in major corrections of 60% to 80%. If DOGE fails to break through, it risks a similar pullback, with the 50-week EMA at $0.120 potentially acting as a downside target for 2025.However, a decisive breakout above this resistance could pave the way for another rally, potentially reaching $0.221 by 2025, particularly if Trump’s pro-crypto stance and hype around Elon Musk’s hypothetical Department of Government Efficiency (D.O.G.E.) drive fresh momentum.

According to PANews, Tesla and SpaceX CEO Elon Musk recently expressed his criticism of the current U.S. immigration system on social media. Musk highlighted the difficulties faced by skilled individuals in legally immigrating to the United States, contrasting it with the relative ease of illegal entry. He questioned why it is harder for Nobel Prize winners to enter legally while criminals find it easier to cross the border illegally.Musk also mentioned his collaboration with former President Trump and DOGE to address this issue.

According to U.Today: Dogecoin (DOGE) is experiencing a surge in bullish momentum, with market analysts predicting further upward movement. Renowned on-chain analyst Ali Martinez has highlighted a potential breakout, suggesting that if Dogecoin maintains support at $0.139, the meme coin could rally to $0.175. Martinez’s recent tweet emphasized that breaking the $0.143 resistance level could lead to a substantial 25% price rally.Technical Analysis Points to Potential RallyDogecoin has been consolidating around the $0.11 mark, but a climb to the $0.175 target could transform this price point into strong support. This anticipated rally is notable, even though it falls short of Dogecoin's all-time high of $0.73 reached in May 2021. At the time of writing, Dogecoin is trading at $0.1472, with a 6.14% surge in the last 24 hours and a trading volume increase of 111.89% to $1.77 billion, indicating heightened market interest.Bullish Sentiment Dominates as DOGE Eyes $0.175With Martinez's consistent outlook, Dogecoin appears poised for continued gains. Should DOGE achieve the $0.175 target, it could set the stage for further bullish momentum in the coming weeks. Investors and traders will closely watch the $0.143 and $0.175 levels as critical points for future price movement. 

According to CoinDesk: The cryptocurrency market experienced a downturn as Bitcoin ETFs saw a net outflow of $80 million, breaking a seven-day streak of inflows. Leading the decline were major tokens like Dogecoin (DOGE) and XRP, which fell 5% and 4%, respectively, while Bitcoin struggled to maintain momentum after failing to break the $70,000 resistance level.Key Highlights:Bitcoin’s Struggle: Bitcoin dropped 1% after a failed attempt to rally towards $70,000. This influenced a broader market decline, with the CoinDesk 20 (CD20) index, which tracks the largest cryptocurrencies by market capitalization, falling by nearly 2%.Major Tokens Drop: Dogecoin (DOGE) and XRP led the losses among major tokens, both giving up gains from earlier in the week. DOGE had rallied on Elon Musk’s endorsement, while XRP benefited from positive fundamental developments.ETFs See Outflows: U.S.-listed Bitcoin ETFs saw $80 million in net outflows, with Ark Invest’s ARKB product losing a record $134 million. BlackRock’s iShares Bitcoin Trust (IBIT) led inflows with $42 million, while Fidelity’s FBTC and VanEck’s HODL brought in $8 million and $3 million, respectively.Stablecoin Concerns: Traders pointed to a lack of growth in stablecoin volume as a key reason for the market’s slowdown. Stablecoins, often used as liquidity for quick crypto purchases, have seen stagnant volume since late September, potentially signaling a broader market slowdown.Market Outlook: Despite the dip, some traders expect Bitcoin to reach $80,000 in the coming weeks, especially with the U.S. presidential election drawing near. However, concerns about liquidity and resistance levels remain.Mid-cap and low-cap cryptocurrencies saw little movement, though memecoin BONK and ApeCoin (APE) led losses, each dropping over 7%. Analysts noted that Bitcoin’s failure to break past $70,000 resistance and a pause in stablecoin liquidity are major factors contributing to the market’s current stagnation.

According to Odaily, Lookonchain monitoring has revealed that Dogecoin co-founder Shibetoshi Nakamoto, also known as Billy Markus (@BillyM2k), sold all his DOGE holdings in 2015 for $10,000 to purchase a car. The value of these tokens has since surged to over $9 million, with a peak value exceeding $45 million.Markus has created multiple new wallets to receive tips and has profited $780,000 this year by selling tokens he received for free. Three days ago, he sold BabyNeiro tokens he received for free, earning 12.2 BNB, equivalent to $7,243.

According to BlockBeats, on October 19, Runestone founder Leonidas expressed on the X platform that while other meme coins talk about decentralization, Dogecoin (DOG) has genuinely achieved it. Leonidas highlighted that Dogecoin operates under a CC0 license, allowing anyone to use DOG for any purpose without needing permission. He envisioned a community of hundreds of entrepreneurs bringing Dogecoin products to every corner of the world.

According to Cointelegraph, Dogwifhat (WIF), the largest Solana-based memecoin by market capitalization, has continued its recovery that began on Sept. 8. WIF has surged approximately 112% from its Sept. 6 low of around $1.4, reaching a four-month high of $2.97 on Oct. 16. Currently, WIF is trading at $2.63, marking a 3% increase over the past 24 hours and a 76% rise over the last 30 days.Dogwifhat's bullish performance aligns with similar upward trends in other top memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), which have seen gains of 23%, 9.8%, and 9.2% respectively over the past week. Among these, WIF has shown the most significant monthly gains, with a 30-day return of around 76%, surpassing DOGE's 34% and SHIB's 43%. In 2024, WIF has achieved year-to-date returns of approximately 1,392%, second only to Turbo (TURBO), a ChatGPT-coded memecoin that surged by around 4,570%. These substantial gains have likely attracted investor interest, leading to increased buying pressure.The rise in WIF's price over the last 30 days coincides with a significant increase in its open interest (OI). OI, a key metric for assessing market sentiment, rose by 50% from $322.2 million on Oct. 4 to a five-month high of $480.2 million on Oct. 15. Additional data from CoinGlass indicates growing demand for leveraged long positions in WIF, as shown by the OI-weighted futures funding rate. The current 0.0068% eight-hour rate translates to a 0.14% cost over seven days, suggesting that futures traders are bullish and expect further price increases.From a technical perspective, WIF's price action since early September has formed an ascending parallel channel on the daily chart. The lower boundary of the channel at $2.50 serves as immediate support, while the relative strength index (RSI) at 59 indicates favorable market conditions for further upside. Increased buying from current levels could push WIF's price to confront resistance at the middle boundary of the rising channel at $2.91. If it surpasses this level, WIF could reach the upper boundary at $3.42, representing a 28% gain from the current price. However, futures traders remain cautious, with $22.92 million in short positions at risk of liquidation if the price recovers to $3. A 5% decline to $2.5 would result in $3.84 million in long positions being wiped out.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to Cointelegraph: Dogecoin (DOGE), the largest memecoin by market capitalization, has experienced a notable 10% price surge in the past 24 hours, fueled by increasing trading activity and bullish sentiment among traders. Currently trading at $0.1262, DOGE has rallied 44% from its local low of $0.08888 on September 6, reaching its highest value since late September.DOGE Trading Volumes and Market Cap SoarTrading volumes have skyrocketed alongside the price surge, with DOGE's spot trading volume exceeding $1.8 billion on October 16, a 95% increase over the past day and a 165% rise over the past week. DOGE/USD daily chart. Source: TradingViewDOGE’s market capitalization has also reclaimed the $18 billion mark, reaffirming its status as the top memecoin in the market, according to CoinMarketCap data.DOGE was the most traded memecoin on October 16, surpassing Pepe (PEPE) by over $600 million in trading volume.Key Factors Driving DOGE's Bullish MomentumSeveral traders have expressed optimism about Dogecoin’s potential for continued growth. Technical analysis suggests that DOGE may break out of a multimonth downtrend. Pseudonymous crypto trader "Alstreet Bets" posted on X that "Doge is ready to run," while technical analyst "Mikybull Crypto" noted that DOGE has broken above a 180-day descending trendline. Key resistance levels to watch are $0.13 and $0.14, with some speculating that a "god candle" — a large bullish candlestick — could be on the horizon.DOGE/USD weekly chart. Source: TradingViewDOGE's moving average convergence divergence (MACD) indicator has produced a bullish signal, with the MACD line crossing above the signal line, suggesting that market conditions have flipped in favor of further upside.DOGE Eyes Higher Support LevelsDogecoin's latest rally has seen it flip crucial support levels, including the 50-week and 100-week simple moving averages (SMAs) at $0.1196 and $0.0970, respectively. Increased buying pressure from these support zones could push DOGE higher toward the March 2023 high of $0.2286.Meanwhile, futures traders remain cautious, as $587,344 in short positions could be liquidated if DOGE reaches $0.130. Conversely, a 10% price drop to $0.114 could trigger liquidations of long positions worth $1.73 million, according to data from CoinGlass.Rising Open Interest and Bullish SentimentDOGE's rally has been supported by rising open interest (OI) in its futures market. OI for Dogecoin surged to $755.5 million on October 16, up 27.3% from the previous day's $593.7 million. This increase in OI reflects growing market interest and could signal further price volatility.Additionally, the perpetual futures funding rate for DOGE has shown increased demand for leveraged long positions. The current eight-hour funding rate sits at 0.0102%, equivalent to 0.2142% over seven days, indicating traders are willing to pay more to maintain long positions. Sustained bullish sentiment could push prices even higher in the coming days.As Dogecoin breaks critical resistance levels and trading momentum builds, all eyes are on whether DOGE will continue its rally toward the $0.13-$0.14 range and potentially beyond.