Dogecoin To The Moon? Price Eyes $0.27
By: cryptosheadlines|2025/05/04 15:00:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com After months of sluggish price action and sideways consolidation, Dogecoin (DOGE) may finally be on the verge of a meaningful breakout. Recent price movements, technical signals, and broader macroeconomic trends all appear to be converging in DOGE’s favor.Technical Breakout from Descending ChannelAccording to analysis, Dogecoin has officially broken out of a descending channel, a formation that has capped price rallies since the beginning of the year. The breakout is further validated by a successful retest of prior resistance, now turned support, suggesting a bullish reversal is underway.The immediate resistance lies at $0.27, but continued bullish pressure could push DOGE toward $0.39 and even $0.43 in the coming weeks. Meanwhile, support around $0.17 provides a safety net in the event of short-term pullbacks.Short-Term Price Action and Elliott Wave AnalysisRecent price behavior shows Dogecoin is in a micro-corrective phase, currently holding above a key support zone between $0.17 and $0.1777. This region was previously identified as a micro-support level, and the market has reacted accordingly, hinting that the fifth wave up in an Elliott Wave sequence may be starting.In the current wave count, analysts identify a potential three-wave move up, with Wave 3 peaking near the 138% Fibonacci extension at $0.196. If this structure holds, Wave 5 could extend toward the 161.8% level at $0.206 or the 178.6% level at $0.213. A confirmed break above $0.185 would strongly mean that the next bullish leg is underway.However, a decisive drop below $0.17 would cause a temporary delay in the anticipated rally. For now, the pullback appears corrective and shallow, which aligns with an ongoing uptrend.Macro Trends: Bitcoin, Global M2, and Dogecoin CorrelationBeyond the charts, macroeconomic indicators are adding fuel to the bullish case. One emerging narrative gaining traction among analysts is the correlation between cryptocurrency prices and global M2 money supply — a measure of the world’s money supply that includes cash, checking, and easily convertible near-money.According to one user, when applying a 110-day offset, there appears to be a consistent pattern between increases in M2 and DOGE price rallies — excluding outlier events like the post-Trump-election price surge.There has been a lot of talk about the correlation between the price of Bitcoin and the Global M2 money supply. But how about Dogecoin? With a 110 day offset and ignoring the $DOGE price craziness after the Trump election, there is a pattern relationship for when money flows... pic.twitter.com/zoBVGUQHBm— KrissPax (@krisspax) May 3, 2025If money continues flowing into assets like Dogecoin as global liquidity expands, especially during the summer, this correlation could become even more evident — reinforcing the bullish technical setup.Source link
You may also like

Wall Street's Most Mysterious Money-Making Machine, Crashing Bitcoin Price at 10 a.m. Sharp Every Day
Jane Street's reputation has continued to suffer in recent years

Key Market Information Discrepancy on February 26th - A Must-Read! | Alpha Morning Report
1. Top News: Major Cryptocurrencies, Including Bitcoin, Surge; Jane Street Halts "10 AM Dump" After Lawsuit
2. Token Unlock: $MIRA, $SAHARA, $HUMA, $BLAST, $ALOT

How was the Backpack staking token swap established?
Backpack is taking a path of unvalidated transactions, requiring a delicate balance between regulators, equity holders, and token stakers.

Can You Still Launch a VC Firm Today?
Put Your Reputation on the Line, Find a Clear Edge, Win a Few Key Trades, and Stay in It for the Long Haul

Claude Cowork Adds Scheduled Task, Jane Street Incident Continues to Stir, What's the Overseas Crypto Community Talking About Today?
What Was Trending for Foreigners in the Last 24 Hours?

Leveraging $6,000 to Move a $200M Market Cap? How Polymarket Creates an "Insider Trading Illusion"
After a large bet on Meteora on Polymarket, the price of MET rose instead of falling within an hour.
WEEX AI Hackathon: $8B Traded, Real AI Strategies Proven
How profitable is AI trading in real crypto markets? WEEX's $1.88M global AI hackathon reveals $8B volume, 227% ROI, API strategy data, and why only 8 of 37 traders made profit.

Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.
The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?
1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum
2. Largest Price Swings: $SN115, $RAVE
3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi
As DeFi matures and grows more complex, the Curator is becoming a key intermediary connecting risk and users.

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC
DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC
Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?
The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?
Based on historical experience, the most intense phase of this downturn may be about to end.
Wall Street's Most Mysterious Money-Making Machine, Crashing Bitcoin Price at 10 a.m. Sharp Every Day
Jane Street's reputation has continued to suffer in recent years
Key Market Information Discrepancy on February 26th - A Must-Read! | Alpha Morning Report
1. Top News: Major Cryptocurrencies, Including Bitcoin, Surge; Jane Street Halts "10 AM Dump" After Lawsuit
2. Token Unlock: $MIRA, $SAHARA, $HUMA, $BLAST, $ALOT
How was the Backpack staking token swap established?
Backpack is taking a path of unvalidated transactions, requiring a delicate balance between regulators, equity holders, and token stakers.
Can You Still Launch a VC Firm Today?
Put Your Reputation on the Line, Find a Clear Edge, Win a Few Key Trades, and Stay in It for the Long Haul
Claude Cowork Adds Scheduled Task, Jane Street Incident Continues to Stir, What's the Overseas Crypto Community Talking About Today?
What Was Trending for Foreigners in the Last 24 Hours?
Leveraging $6,000 to Move a $200M Market Cap? How Polymarket Creates an "Insider Trading Illusion"
After a large bet on Meteora on Polymarket, the price of MET rose instead of falling within an hour.