- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Dogecoin Forms Diamond Bottom as Analysts Eye Breakout to $0.35
By: cryptofrontnews|2025/05/08 11:30:02
0
Share
Dogecoin forms rare Diamond Bottom, signaling a potential bullish reversal from recent downtrend.Technical support at $0.165–$0.17 remains crucial as analysts target a breakout toward $0.35.Rising holding time and whale accumulation suggest strong investor confidence ahead of ETF news.Dogecoin's daily chart appears to be forming a "Diamond Bottom" Reversal Pattern, suggesting a potential shift for $DOGE from a recent downtrend to an uptrend. This pattern, often observed during market transitions, is supported by technical signals and market data that indicate a possible breakout from consolidation.Technical Analysts Spot Diamond Bottom FormationAccording to analysis prepared by Trader Tardigrade, Dogecoin’s price structure on the daily chart is forming a rare diamond bottom pattern. This pattern typically suggests a bullish reversal after a prolonged downtrend. The breakout range is estimated between $0.165 and $0.17.https://twitter.com/TATrader_Alan/status/1919755043605250072Trader Tardigrade also shared that if the breakout occurs, the price could rise by over 105%, targeting a move towards $0.35. On the same chart, a green arrow suggests a potential extension beyond this level. The Price Momentum Oscillator (PMO) has recorded a bullish crossover. This development, paired with increasing holding time from investors, may support further gains if the price holds above support levels.Source :Ali Charts(X)Another analyst, Ali Charts, noted Dogecoin is testing support at $0.167. He stated, “Holding this level could spark a rebound toward $0.175 and potentially $0.183.” Both analysts emphasized that staying above $0.165 is essential for the bullish structure to stay valid.Market Conditions and Investor Behavior Show SupportDogecoin has shown price strength since rebounding from $0.14 earlier in April. It is now trading near $0.169. According to an observation by MasterAnanda, Dogecoin’s chart shows repeating patterns of previous cycles that preceded strong upward moves.Source :MasterAnanda(X)On-chain data from IntoTheBlock shows average holding time has increased by over 526% in the last 90 days. This suggests reduced short-term selling pressure and growing long-term investor interest. Also, whale activity has increased, with over 100 million DOGE moved to a private wallet recently. Analysts estimate ETF approval could push DOGE prices between $0.34 and $0.50. This aligns with the upper breakout levels seen in current technical setups.The post Dogecoin Forms Diamond Bottom as Analysts Eye Breakout to $0.35 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
You may also like
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
App