Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Department Of Government Efficiency (dogegov.com) price

Department Of Government Efficiency (dogegov.com) priceDOGE

Not listed
$0.003092USD
-0.08%1D
The price of Department Of Government Efficiency (dogegov.com) (DOGE) in United States Dollar is $0.003092 USD.
Data is sourced from third-party providers. This page and the information provided do not endorse any specific cryptocurrency. Want to trade listed coins?  Click here
Sign up
Price chart
Department Of Government Efficiency (dogegov.com) price USD live chart (DOGE/USD)
Last updated as of 2025-12-18 21:30:51(UTC+0)

Live Department Of Government Efficiency (dogegov.com) price today in USD

The live Department Of Government Efficiency (dogegov.com) price today is $0.003092 USD, with a current market cap of $3.03M. The Department Of Government Efficiency (dogegov.com) price is down by 0.08% in the last 24 hours, and the 24-hour trading volume is $1.03M. The DOGE/USD (Department Of Government Efficiency (dogegov.com) to USD) conversion rate is updated in real time.
How much is 1 Department Of Government Efficiency (dogegov.com) worth in United States Dollar?
As of now, the Department Of Government Efficiency (dogegov.com) (DOGE) price in United States Dollar is valued at $0.003092 USD. You can buy 1DOGE for $0.003092 now, you can buy 3,234.58 DOGE for $10 now. In the last 24 hours, the highest DOGE to USD price is $0.003277 USD, and the lowest DOGE to USD price is $0.003076 USD.

Do you think the price of Department Of Government Efficiency (dogegov.com) will rise or fall today?

Total votes:
Rise
0
Fall
0
Voting data updates every 24 hours. It reflects community predictions on Department Of Government Efficiency (dogegov.com)'s price trend and should not be considered investment advice.

Department Of Government Efficiency (dogegov.com) market Info

Price performance (24h)
24h
24h low $024h high $0
All-time high (ATH):
$0.5154
Price change (24h):
-0.08%
Price change (7D):
-12.84%
Price change (1Y):
-97.31%
Market ranking:
#1506
Market cap:
$3,027,040.4
Fully diluted market cap:
$3,027,040.4
Volume (24h):
$1,034,516.68
Circulating supply:
979.12M DOGE
Max supply:
1.00B DOGE

AI analysis report on Department Of Government Efficiency (dogegov.com)

Today's crypto market highlightsView report

Department Of Government Efficiency (dogegov.com) Price history (USD)

The price of Department Of Government Efficiency (dogegov.com) is -97.31% over the last year. The highest price of in USD in the last year was $0.2720 and the lowest price of in USD in the last year was $0.002229.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-0.08%$0.003076$0.003277
7d-12.84%$0.003076$0.003624
30d-46.72%$0.002887$0.005972
90d-49.44%$0.002229$0.01253
1y-97.31%$0.002229$0.2720
All-time+374.73%$0.{4}2882(2024-08-20, 1 years ago)$0.5154(2024-11-13, 1 years ago)
Department Of Government Efficiency (dogegov.com) price historical data (all time)

What is the highest price of Department Of Government Efficiency (dogegov.com)?

The DOGE all-time high (ATH) in USD was $0.5154, recorded on 2024-11-13. Compared to the Department Of Government Efficiency (dogegov.com) ATH, the current Department Of Government Efficiency (dogegov.com) price is down by 99.40%.

What is the lowest price of Department Of Government Efficiency (dogegov.com)?

The DOGE all-time low (ATL) in USD was $0.{4}2882, recorded on 2024-08-20. Compared to the Department Of Government Efficiency (dogegov.com) ATL, the current Department Of Government Efficiency (dogegov.com) price is up 10625.81%.

Department Of Government Efficiency (dogegov.com) price prediction

When is a good time to buy DOGE? Should I buy or sell DOGE now?

When deciding whether to buy or sell DOGE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DOGE technical analysis can provide you with a reference for trading.
According to the DOGE 4h technical analysis, the trading signal is Strong sell.
According to the DOGE 1d technical analysis, the trading signal is Sell.
According to the DOGE 1w technical analysis, the trading signal is Strong sell.

What will the price of DOGE be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Department Of Government Efficiency (dogegov.com)(DOGE) is expected to reach $0.003362; based on the predicted price for this year, the cumulative return on investment of investing and holding Department Of Government Efficiency (dogegov.com) until the end of 2026 will reach +5%. For more details, check out the Department Of Government Efficiency (dogegov.com) price predictions for 2025, 2026, 2030-2050.

What will the price of DOGE be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Department Of Government Efficiency (dogegov.com)(DOGE) is expected to reach $0.004086; based on the predicted price for this year, the cumulative return on investment of investing and holding Department Of Government Efficiency (dogegov.com) until the end of 2030 will reach 27.63%. For more details, check out the Department Of Government Efficiency (dogegov.com) price predictions for 2025, 2026, 2030-2050.

Hot promotions

FAQ

What is the current price of Department Of Government Efficiency (dogegov.com)?

The live price of Department Of Government Efficiency (dogegov.com) is $0 per (DOGE/USD) with a current market cap of $3,027,040.4 USD. Department Of Government Efficiency (dogegov.com)'s value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Department Of Government Efficiency (dogegov.com)'s current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Department Of Government Efficiency (dogegov.com)?

Over the last 24 hours, the trading volume of Department Of Government Efficiency (dogegov.com) is $1.03M.

What is the all-time high of Department Of Government Efficiency (dogegov.com)?

The all-time high of Department Of Government Efficiency (dogegov.com) is $0.5154. This all-time high is highest price for Department Of Government Efficiency (dogegov.com) since it was launched.

Can I buy Department Of Government Efficiency (dogegov.com) on Bitget?

Yes, Department Of Government Efficiency (dogegov.com) is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy department-of-government-efficiency-token guide.

Can I get a steady income from investing in Department Of Government Efficiency (dogegov.com)?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Department Of Government Efficiency (dogegov.com) with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy crypto?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

Video section — quick verification, quick trading

play cover
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Buy Department Of Government Efficiency (dogegov.com) for 1 USD
A welcome pack worth 6200 USDT for new Bitget users!
Buy Department Of Government Efficiency (dogegov.com) now
Cryptocurrency investments, including buying Department Of Government Efficiency (dogegov.com) online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Department Of Government Efficiency (dogegov.com), and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Department Of Government Efficiency (dogegov.com) purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

DOGE/USD price calculator

DOGE
USD
1 DOGE = 0.003092 USD. The current price of converting 1 Department Of Government Efficiency (dogegov.com) (DOGE) to USD is 0.003092. This rate is for reference only.
Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.

DOGE resources

Department Of Government Efficiency (dogegov.com) ratings
4.6
100 ratings
Contracts:
0x1121...098AAc5(Ethereum)
Links:

Bitget Insights

AYONSAHA
AYONSAHA
7h
$DOGE pressure is building after prolonged compression. Price continues drifting beneath a dominant descending trendline while recent bounces fail to gain traction. 📉 Technical View: • Pattern: Cascading triangle breakdown with sequential consolidations • Bias: Bearish continuation could develop if price stays capped below diagonal supply • Key Level: 0.138 to 0.142 resistance band and 0.112 to 0.105 downside zone
DOGE-2.90%
decrypt
decrypt
7h
Morning Minute: Robinhood Pushes Deeper Into Prediction Markets
Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Morning Minute is a daily newsletter written byTyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minuteon Substack. GM! Today’s top news: Crypto majors mixed with BTC leading at $87,400 Coinbase rolled out several new products including prediction markets, stocks, equity perps, DEX and more DTCC to issue tokenized securites on Canton Network Citadel and other banks plan to spend $100M to counter crypto spend in 2026 elections Uniswap submits final proposal to turn fee switch on, burn 100M UNI 🎯 Robinhood Pushes Deeper Into Prediction Markets Robinhood isn’t treating prediction markets like an experiment anymore. They’re leaning all the way in. 📌 What Happened Robinhoodannouncedan expansion of its prediction markets offering, adding new NFL player-performance contracts alongside traditional game outcomes. Users can now trade on events like touchdowns and yardage totals, beyond just winners and spreads. The company also introduced “preset combo” contracts, which bundle multiple outcomes from a single game into one trade that only pays out if all conditions are met - effectively a parlay-style product. Robinhood said custom-built combos, where users create their own bundled outcomes, are planned for rollout in 2026. The firm also framed prediction markets as a standalone product line, pointing to a growing hub with thousands of live contracts across sports, politics, economics, and cultural events. And they noted that it’s their fastest-growing revenue line. 🗣️ What They’re Saying “Robinhood is ushering in a new era in which AI and prediction markets will come together to change the future of finance and news.” “I believe we’re at the very beginning of a prediction market supercycle and as it progresses, we should expect to see adoption and volumes continuing to grow, potentially into the trillions of contracts traded each year.”- Vlad Tenev, Robinhood CEO “Robinhood and Coinbase going hard on Prediction Markets and every major company looking to adopt one or build a strategy around them.” - Farokh Sarmad, President and Co-Founder of Myriad “Some people have already started to realize that using prediction markets can be cheaper than conventional fire, flood, and hurricane insurance.” - Vlad, Robinhood pic.twitter.com/mSSDvJqUVs — coughdrop (@CoughdropPeter) December 17, 2025 🧠 Why It Matters Prediction markets are clearly booming. What’s missing is deep liquidity, distribution, and scale. Power players like Robinhood leaning in can help solve those issues. A lot of innovative use cases of prediction markets (i.e. insurance, hedging against bad weather, etc.) are great in theory but not operationally possible right now due to limited market size. Once these markets are more mature, with more players and deeper liquidity, these kinds of use cases can be unlocked. So everyone who is pro-prediction market should be cheering this on. Robinhood shareholders should be cheering this on as well, as the stock popped 3% on the news of their prediction market direction (on a red day) and has jumped 20% since their original announcement. Robinhood is clearly betting on a prediction market supercycle—let’s see if they can help manifest it into reality… amp;amp;lt;span data-mce-type="bookmark" style="width:0px;overflow:hidden;line-height:0" class="mce_SELRES_start"amp;amp;gt;amp;amp;lt;/spanamp;amp;gt; 🌎 Macro Crypto and Memes A few Crypto and Web3 headlines that caught my eye: Crypto majorswere mixed;BTC+0.3% at $87,400; ETH -2% at $2,870; BNB -2% at $838, SOL -3% at $124 BEAT (+26%), Pippin (+9%) and CC (+4%)led top movers Coinbaseannouncedseveral new products last night, including prediction markets, stock trading, equity perps, AI advisors, borrowing, full DEX integration and more Senatorsproposedthe SAFE Crypto Act, creating a federal task force to coordinate agencies on crypto scam enforcement and investor protection The DTCCsaid it will issue tokenized securitieson Canton Network, starting with tokenized U.S. Treasuries Ex-Alameda CEO Caroline Ellisonleft federal prisonafter 11 months, moving to another government facility or home confinement to serve the rest of her 2-year sentence The acting CFTC Chair Caroline Phamleft to join MoonPayas its chief legal and administrative office Citadel and other big banksare planning to spend $100Min the 2026 midterms, potentially opposing pro-crypto spending Circleannouncedits Arc Builders Fund, meant to support early-stage teams building apps and services on Arc In Corporate Treasuries / ETFs The Bitcoin ETFssaw $457M in net inflowson Wednesday, the most in over a month Hut 8sharesjumpedafter the miner announced a $7B AI/data-center deal involving Google financing In Memes / Onchain Movers Memecoin leadersare mostly red;DOGE -2%, Shiba -5%, PEPE -4%, PENGU -6%, BONK -5%, TRUMP -2%, SPX -8%, and FARTCOIN -22% dydxannounced a partnershipwith Bonk to launch Bonk DEX 67(+86%), ALCH (+20%) and ACT (+25%) led top movers 💰 Token, Airdrop Protocol Tracker Here’s a rundown of major token, protocol and airdrop news from the day: The Rainbow Walletteamshared new detailson its class F token structure, solving the issue of tokens not equating to equity (ICO ends today) Football dot Funreachedtheir ICO soft cap of $3M yesterday ahead of today’s ICO closing Gondiintroduced new trade combinationsacross token types Uniswapsubmitted its proposalfor governance vote to burn 100M UNI and turn on fee switch Hyperlendannounced its airdrop terms and conditionsahead of its airdrop, with eligible participants on a 30-day clock to accept to qualify Solsticeannouncedits ICO coming on Legion on Dec 22 🚚 What is happening in NFTs? Here is the list of other notable headlines from the day in NFTs: NFT leaderswere mixed; Punks even at 27 ETH, Pudgy -1% at 4.62, BAYC -1% at 4.94 ETH; Hypurr’s +3% at 456 HYPE Rovers(+60%) were a notable mover
BTC-0.89%
DOGE-2.90%
Coinjournal
Coinjournal
10h
Dogecoin slides toward $0.10 as large investors cut exposure and bearish bets build
Dogecoin has extended its selloff, with bears targeting $0.10 as on-chain and derivatives data turn bearish. Large wallet holders are trimming DOGE positions, while short bets rise and retail interest fades. A hold above $0.12 could spark a relief rally toward $0.15–$0.18, but downside risks remain elevated. Dogecoin (DOGE) fell 3% on Thursday after falling about 4% in the prior session. The share of DOGE supply held at a profit has declined as large wallet holders reduce their positions. Derivatives market data points to a rise in bearish bets alongside waning retail participation. From a technical perspective, Dogecoin shows a bearish bias after slipping below its April low, with downside risk extending toward the $0.1000 level. Dogecoin sees weak investor interest Data from Santiment shows that wallets holding between 100 million and 1 billion DOGE now control 34.77 billion tokens, down from 36.14 billion on December 1. This investor group offloaded more than 1 billion DOGE on December 10 and has since kept holdings broadly unchanged. At the same time, the share of Dogecoin’s supply in profit has slipped to 50.70% from a December 3 peak of 53.95%, pointing to a gradual softening in demand. In derivatives markets, Dogecoin has also lost momentum. CoinGlass data shows that short positions in DOGE derivatives have risen to 53.91% from 52.59% on Wednesday. The increase in bearish positioning signals growing sell-side pressure and coincides with the liquidation of more than $5 million in DOGE long positions over the past 24 hours. Dogecoin price extends losses towards $0.12 Dogecoin has experienced a notable decline in recent sessions, slipping below key psychological levels and extending its losses into the $0.12 range. As of writing, DOGE traded near $0.125, reflecting a roughly 10% drop over the past week and 19% down over the month. The last 24 hours performance is a continuation of the downward momentum that began earlier in the month. This pullback follows a brief period of consolidation above $0.14, where buyers attempted to defend higher ground. However, increased selling volume and a breakdown across risk assets has seen Dogecoin dip below the $0.14 support level. On-chain data reveals reduced supply in profit, with large wallet investors trimming positions. Profit taking is contributing to the heightened volatility, with macroeconomic headwinds a notable factor. “Crypto stays caught in the macro crosscurrents. Potential MSCI index exclusions for crypto-treasury firms could trigger up to $2.8bn in passive outflows, pressuring fragile positioning,” wrote QCP Group analysts. The outlook is that crypto is facing an uneasy end to the year. DOGE downside risk grows Trading volumes have surged during downturns, indicating conviction among sellers. The Relative Strength Index on daily charts has dipped toward oversold territory, signaling intense bearish pressure but also potential for a short-term rebound if buying interest emerges. Nonetheless, the downside risk for Dogecoin appears to be escalating. Analysts are increasingly targeting $0.10 as a plausible near-term support level if bears maintain control. If DOGE sees a decisive close below the current support near $0.12, it could open the door to further declines. On the flip side, a hold above $0.12 might stabilize the price and allow for a relief rally toward $0.15 and $0.18. Investors should monitor key support levels closely, as a breach could confirm a deeper correction, whereas a bullish divergence in indicators might signal an impending turnaround. Share this article Categories Markets Tags Dogecoin News
DOGE-2.90%
Cryptonomist
Cryptonomist
10h
How to Make Money With AutoHash Cloud Mining: Proven Strategies That Still Work in 2025
SPONSORED POST* Summary Introduction: Why AutoHash Cloud Mining Still Attracts Real Users in 2025 What Is AutoHash Cloud Mining? How to Make Money With AutoHash Cloud Mining in 2025 1. Start With Free Hash Power to Understand Real Mining Output 2. Choose Short-Cycle Contracts for Capital Flexibility 3. Reinvest Strategically Instead of Over-Committing 4. Use AutoHash as a Passive Layer, Not a Trading Replacement Why Cloud Mining With AutoHash Remains Relevant in 2025 Final Thoughts Introduction: Why AutoHash Cloud Mining Still Attracts Real Users in 2025 As crypto markets mature in 2025, the question for everyday users is no longer whether blockchain infrastructure is profitable, but how to participate without the rising costs of hardware, energy, and technical complexity.This shift has pushed cloud mining back into focus—especially platforms that emphasize transparency, short contract cycles, and real mining output instead of speculative promises. Among these platforms, AutoHash has steadily gained attention as a Swiss-registered cloud mining service combining AI-driven allocation, renewable-energy mining farms, and entry-level access through free starter hash power. Rather than positioning itself as a “get-rich-quick” tool, AutoHash frames cloud mining as an infrastructure service—allowing users to earn daily crypto rewards without running any hardware. In this article, we explore what AutoHash is, how it works, and practical strategies users still rely on in 2025 to generate income through AutoHash cloud mining. What Is AutoHash Cloud Mining? AutoHash is a cloud mining platform operated under Blockchain Finance AG (Switzerland), designed to give users access to real mining hash power hosted in professional, renewable-energy mining facilities. Instead of purchasing ASICs or GPUs, users rent computing power through time-limited contracts. What differentiates AutoHash from earlier cloud mining models is its AI-driven allocation system, often referred to as smart or dynamic routing. This system automatically distributes hash power across supported assets—such as BTC, ETH, LTC, and DOGE—based on network difficulty and real-time efficiency, aiming for more consistent daily output. Key characteristics of AutoHash include: No mining hardware or maintenance required Daily mining rewards credited directly to the user account Short-cycle contracts rather than long lock-ups Renewable-energy mining farms in multiple regions A $100 free starter hash power option for new users to experience real mining output before committing capital This structure makes AutoHash especially accessible to beginners while remaining attractive to users who prefer predictable, infrastructure-based crypto income. How to Make Money With AutoHash Cloud Mining in 2025 1. Start With Free Hash Power to Understand Real Mining Output One of the most practical strategies in 2025 is starting with AutoHash’s free $100 trial hash power. Instead of simulated rewards or points systems, the trial connects users to actual mining cycles.This allows new users to observe: Daily reward timing Asset distribution behavior Withdrawal mechanics Contract transparency Using the free tier as a learning phase reduces risk and helps users understand how cloud mining income behaves under real network conditions. 2. Choose Short-Cycle Contracts for Capital Flexibility Unlike traditional cloud mining plans that lock users in for months or years, AutoHash emphasizes short-term contracts. These plans are structured to return both principal and mining rewards at maturity, offering greater flexibility. 👉Visit AutoHash now and claim $100 worth of free computing power! Below is an example of reference AutoHash contract plans commonly used by users in 2025: Program Name Contract Amount Term Daily Rewards Total Revenue Estimated ROI Geo Farm Starter $100 1 Day ~$3.00 ~$103.00 ~3.0% Hydro Smart Plan $500 2 Days ~$18.00 ~$536.00 ~7.2% AI Routing Pro $1,500 3 Days ~$45.00 ~$1,635.00 ~9.0% Multi-Energy Max $5,000 5 Days ~$170.00 ~$5,850.00 ~17.0% Figures are illustrative and based on typical market conditions. Mining output varies with network difficulty. Short cycles allow users to compound selectively, pause during volatile periods, or withdraw profits without being locked into long-term exposure. 3. Reinvest Strategically Instead of Over-Committing A common approach among experienced users is partial reinvestment. Rather than reinvesting all rewards, users often: Withdraw a portion of daily earnings Reallocate remaining funds into higher-efficiency contracts Adjust exposure based on market sentiment This strategy aligns cloud mining with broader portfolio management, positioning AutoHash as a supplementary income channel rather than a speculative bet. 4. Use AutoHash as a Passive Layer, Not a Trading Replacement Cloud mining works best when treated as infrastructure-level income, not active trading. AutoHash users in 2025 increasingly combine mining rewards with: Long-term holding strategies Staking or DeFi yield allocation Periodic profit conversion to stablecoins Because AutoHash mining does not require timing the market, it appeals to users seeking steadier, lower-stress participation in the crypto economy. Why Cloud Mining With AutoHash Remains Relevant in 2025 Despite market cycles, several structural trends continue to support cloud mining: Rising hardware and energy costs Increased regulatory pressure on home mining Growing demand for renewable-energy crypto infrastructure User preference for simplified, hardware-free participation AutoHash’s emphasis on Swiss corporate governance, AI-optimized routing, and transparent contract structures aligns well with these trends, helping explain why it continues to attract global users in 2025. Final Thoughts AutoHash does not position cloud mining as a shortcut to guaranteed profits. Instead, it presents a structured way to participate in real crypto mining without hardware, operational overhead, or technical barriers.For users who value flexibility, transparency, and renewable-energy mining, AutoHash cloud mining remains a practical option—especially when approached with realistic expectations and disciplined strategies. As cloud mining continues to evolve, platforms that focus on infrastructure quality rather than hype are likely to define the next phase of passive crypto participation. *This article was paid for. Cryptonomist did not write the article or test the platform.
BTC-0.89%
DOGE-2.90%
Crypto.News
Crypto.News
10h
Dogecoin price forms bullish reversal setup as whales buy and exchange balances drop
Dogecoin price has formed a bullish reversal pattern over the past two months, a breakout above which could likely lead to gains of nearly 65% in the coming weeks. Summary Dogecoin price is down 20% over the past month. Whales have increased their Dogecoin holdings over the past month. A falling wedge pattern has formed in the daily chart. According to data from crypto.news, Dogecoin (DOGE) price dropped to a yearly low of $0.124 on Thursday, Dec. 18, morning Asian time, down 20.4% over the past month and 70% below its year-to-date high of $0.414 reached in January. Its market cap stood at $18.9 billion, significantly below its yearly high of $61.2 billion. Dogecoin’s downtrend has been driven recently by investors turning risk-averse as the crypto market experienced significant volatility and a risk-off sentiment in late 2025, partly influenced by macroeconomic factors like Federal Reserve interest rate policy and an increase in U.S. unemployment rates, which led investors to rotate out of speculative assets. As a meme coin, Dogecoin’s value is heavily influenced by social media buzz and celebrity endorsements, and less by real-world utility. Such speculative assets typically experience sharp corrections when the hype surrounding them starts to wane. Despite this, a major catalyst has emerged that could improve investor sentiment for Dogecoin and potentially kickstart a recovery soon. Per data from Nansen, over the past 30 days, the amount of tokens held by the top 100 addresses in terms of total DOGE holdings has increased by 9% to 48.53 million. Within this, whales have also increased their holdings by 61.1% during the same period to 1.54 million tokens. Source: Nansen Renewed whale accumulation suggests that bullish momentum may be gradually building, and if sustained, could pave the way for a potential reversal in Dogecoin price in the short term. Dogecoin price analysis On the daily chart, Dogecoin price has formed a falling wedge pattern since mid-October. It is a bullish reversal pattern formed when price trends lower within a narrowing range, often signaling that selling pressure is starting to fade. Dogecoin price has formed a falling wedge pattern on the daily chart — Dec. 18 | Source: crypto.news Momentum indicators like the RSI, which currently stands at a reading of 33 and is close to the oversold threshold, suggest that buyers could begin stepping back in as downside momentum weakens. As reported by crypto.news earlier, Dogecoin price has also formed a double bottom setup, another telltale sign that sellers may be reaching exhaustion. For now, a breakout above $0.145, which forms the key psychological resistance to watch, could push Dogecoin price to as high as $0.20, up over 65% from the current price. A drop below the psychological support at $0.10, however, could invalidate the bullish outlook and lead to further downside pressure. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
DOGE-2.90%