Top Analyst Shares Dogecoin Road to $10, Calls Holders ‘Absolute Legends’
By: bitcoin ethereum news|2025/05/03 03:45:01
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

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.

Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned

Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.

The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.

Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM

On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.

《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI

Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?

500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111

AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?
1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base
2. Biggest Gainers/Losers: $DRV, $LYN
3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.