Dogecoin’s Price: Will It Break the Internet or Just Your Wallet?

by

TL;DR

  • Analyst Ali Martinez is basically the Dogecoin whisperer; he thinks DOGE might bounce back if it stays above $0.17.
  • Rumor has it that a spot Dogecoin ETF could be the fairy godmother of crypto, turning DOGE into a pumpkin spice latte for investors.

The Bullish Scenario

So, let’s address the elephant in the room—or should I say the Dogecoin in the room? This “biggest meme coin” (no, not your uncle’s viral TikTok) is in a bit of a slump, trading at around $0.19—about as exciting as watching paint dry, but hey, at least it’s not zero! 🎨


But fear not! Dogecoin’s cheerleaders—aka analysts—are throwing some glitter on it. Our favorite Twitter-er, Ali Martinez, says if DOGE can hang on above the $0.17 support like a cat on a scratching post, we might just see it hit an “all-time high” of a mind-blowing $2.74. That’s a whopping 1,300% gain! Just think, your wallet could go from empty to “I can finally replace that 2005 flip phone!” 📱

Now, it’s worth mentioning that even though DOGE’s been as bouncy as a toddler on sugar, it’s managed to stay above that crucial $0.17 mark since… well, I don’t know, maybe since the last time we all thought those Crocs were a good idea? Remember November 2024? Yep, us neither.

And enter Trader Tardigrade—a name that sounds like a rejected Pokémon. They recently pointed out that DOGE’s Average Directional Index (ADX) might be hinting at some upward movement. The ADX is like the brainy friend who tells you if you’re heading toward the party or just wandering around in a circle, which in this case is probably a semi-respectable cocktail party with overpriced drinks.

Now don’t skip your yoga class right over to the DOGE camp just yet. The ADX can’t tell you if the trend’s gonna be higher than your hopes on a Friday night, or lower than your chances of scoring a date. It merely indicates if we’re going somewhere with this ride—or if it’s just a glorified Ferris wheel. 🎡

And let’s not forget about the Relative Strength Index (RSI), which is acting like it just saw a cute Dogecoin and is ready for a date. It’s hovering around 30, suggesting it might be oversold—like a Netflix show with a fiery plot twist. If you’ve been eyeing those DOGE stocks, they might be ready to rebound like your high school reunion that you definitely didn’t attend.

DOGE ETF on the Horizon?

Now, if you thought the previous analysis was heavy, here’s the possible gamechanger: a Spot Dogecoin ETF could be on the cards! That’s right, possibly getting you into DOGE without the hassle of needing a PhD in crypto trading! Some bigwigs like Grayscale and Bitwise are trying to make it happen. And you know what they say, “The SEC acknowledged it, so it must be legit.” Or something like that. 😏

This fancy investment vessel could make exposure to DOGE as easy as a Sunday morning brunch without the sticky syrup. 🥞 Think of it as a golden ticket into the crypto field without the muddy boots.

And the grapevine on X (the artist formerly known as Twitter) is buzzing that this ETF could drop sooner rather than later. Apparently, Polymarket is giving it a 66% chance of being approved by year’s end. That’s better odds than your Uncle Gary at bingo night! 🎉

Read More

2025-03-09 17:01