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Dogecoin Price Eyes Rally to $1 As One Million DOGE Wallets Rising
Amid the broader crypto market uncertainty, Dogecoin price has been showing strength flirting above the crucial support of $0.16 with increased address activity and heavy accumulation by DOGE whales. On-chain indicators and technical charts have both shown strength that could help the meme coin achieve new heights from here onwards.
Dogecoin Price Rally to $1 Begins?
Prominent crypto analyst Trader Tardigrade has highlighted a significant development in Dogecoin’s weekly chart. The latest candle closed as a doji, a pattern often interpreted as a signal of potential trend reversals.
As shown in the above image, the trend reversal can lead to a Dogecoin price recovery all the way to $1 and beyond. Drawing comparisons to historical patterns, Trader Tardigrade noted that a similar doji formation preceded the last major surge in DOGE price.
The current chart formations in DOGE have led to growing trader optimism. As long the meme coin holds the support at $0.16, the chances of the uptrend remain intact. As of press time, the Dogecoin price is trading 3.05% up at $0.1675 with daily trading volumes jumping 13% to more than $1.06 billion. Also, as per the Coinglass data, the options trading volume has surged 31% to more than $96 billion. Some market analysts have also been predicting a parabolic DOGE rally to more than $20.
DOGE Address Activity Sees Huge Spike
Amid the strong correction in the meme coin sector over the past two months, the Dogecoin price has also been subject to 37% value erosion on the monthly chart. However, at the current support levels, DOGE is seeing a huge spike in address activity. Blockchain analytics platform Santiment highlights a promising trend: the number of wallets holding at least 1 million DOGE has been on the rise, even as prices declined.
Additionally, Dogecoin’s active addresses have surged, reaching their highest levels in four months. This uptick in activity suggests a renewed interest among holders and traders, signaling potential resilience for the meme coin in a challenging market environment.
Note that DOGE will need a boost from the overall crypto market in order to support the uptrend. Also, any positive development around Dogecoin ETF could serve as an additional catalyst for further momentum.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out.
The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism.
Ad Criticized For Insensitivity
The video depicted a character named “America” who was undergoing therapy; the character said he was having thoughts about “innovation.”
The therapist recommended that the subject concentrate on pronouns or the development of new genders rather than pursing technological innovation, like crypto, during the session.
“America” answered by stating a wish to “invent technologies, not genders.”
The look of disappointment from some individuals. Image: Gemini Imagen.
Critics have labeled the commercial as “offensive” and “tone-deaf,” some of which call it disrespectful to transgender and gender minorities.
Took them 9 hours to delete it.
Also all the major players in the Solana ecosystem suddenly delete their tweets promoting/supporting the ad and RT’d and liked takes about it being bad.
They approved this, supported it and celebrated it.
They rolled it back because it hurt… pic.twitter.com/kPMERDpTcn
— Adam Cochran (adamscochran.eth) (@adamscochran) March 18, 2025
Corporate executives voiced their criticism. Former Solana Foundation director David McIntyre argued that while Adam Cochran of Cinneamhain Ventures called the advertising “justly absurd,” the platform should have given positive messaging top priority over mocking important societal issues.
Sean O’Connor, operating chief at Web3 infrastructure firm Blocknative, did not mince words and unloaded an explicit message on X:
hey @solana – for real?
at a time when trans people are getting denied passports and being erased by the government… this is the ad you put out?
this is so fucking tone deaf https://t.co/p2hF5jIb9c
— sean o’connor | gas network ⛽ (@aseoconnor) March 17, 2025
Controversy Casts Doubt On Solana’s Values
The controversy has prompted inquiries regarding Solana’s ability to adhere to its stated principles. Just weeks prior, the Solana Foundation underscored the importance of diversity and inclusion at a conference in Singapore.
SOL market cap currently at $63 billion. Chart: TradingView.com
Its code of conduct explicitly safeguarded participants from harassment based on gender identity and expression. Currently, observers are debating whether the advertisement represents a strategic transition or an isolated gaffe by the organization.
Solana has not yet issued an official statement that elucidates the reason for the video’s removal. Critics contend that the decision to eliminate it was reactive rather than indicative of ethical reflection.
I deleted my initial take on the Solana ad today after some reflection.
At first I liked the ad because it struck a chord with me. I believe a whole generation of people was taught to focus on zero sum oppressor oppressed world views rather than positive sum techno…
— Tushar Jain (@TusharJain_) March 18, 2025
Industry Leaders Withdraw Their Support
Subsequently, certain initial supporters of the advertisement withdrew their endorsements. Initially, Tushar Jain, co-founder of Multicoin Capital, commended the video as “bold.” However, he later deleted his post and acknowledged that it alienated certain members of the community.
This incident underscores the increasing tensions within the crypto industry regarding political messaging and cultural commentary.
Featured image from Gemini Imagen, chart from TradingView
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Top crypto analysts across the globe recently rattled the broader market by forecasting a highly bullish outlook for Pepe Coin price. Amid an ongoing 22% weekly price rally, analysts like Ali Martinez, CryptoELITES, and World of Charts have predicted that a phenomenal bullish breakout for PEPE looms.
While one spotlights the potential for 40x gains, others reveal a bull run awaits, and thus 50%-60% pump looms. These bullish projections echoed an optimistic market buzz after the recent market turmoil, which slammed PEPE price by nearly 30% over the month.
Top Analysts Predict Pepe Coin Price Eyes Bullish Breakout
Crypto analyst ‘Ali Martinez’ took to X on March 18, stating that Pepe Coin’s price is eyeing a bullish breakout. As per the analyst, the meme coin has been shaping an inverse head and shoulders pattern on the hourly chart since the start of the month.
This formation embodies a key neckline resistance at the $0.0000075 price level. Further, the analyst reveals that the meme coin’s price formed a part of the right shoulder with its price action in the last 24 hours. Now, a sustained break above the mentioned neckline resistance could trigger a phenomenal 40% price upswing.
For those wondering, the inverse head and shoulders pattern is a formation on the price chart that suggests a potential reversal from a downtrend to an uptrend. Traders and investors usually anticipate gains in the wake of this formation, proving to be bullish news.
Has PEPE Price Already Bottomed?
Simultaneously, analyst ‘CryptoELITES’ took to X, stating that Pepe Coin price confirmed a bottom at $0.0000069834. The analyst called the dip, whilst the current price is already considerably up from this level.
At the time of reporting, PEPE token’s price traded at $0.000007181, soaring 6% intraday. The meme coin hit an intraday high of $0.000007582, briefly breaking the neckline resistance spotlighted by Ali Martinez.
While this action garners investor bullishness, analyst CryptoELITES believes that the pump is just the start, whereas a 40X target is right over the horizon.
Other Analysts Join The Fray
Simultaneously, analyst ‘World of Charts’ revealed on X that the frog-themed meme coin is trading in crucial areas while also spotlighting an inverse head and shoulders pattern. This forecast primarily added to market optimism as the analyst expects a 50-60% bullish rally after a successful breakout from similar resistance levels near $0.000007.
As a result, crypto market participants weigh significant optimism on Pepe Coin price amid renowned analysts’ bullish predictions. In addition, a PEPE price analysis by CoinGape also spotlights the same pattern, cementing investor sentiments of a bull run.
Market Dynamic Already Optimistic?
The meme coin is already up nearly 22% over the past week, per CoinMarketCap. Further gains remain awaited in light of the bullish predictions and an ongoing recovery sentiment brewing right ahead of the U.S. FOMC.
Coinglass data signaled renewed market interest in the asset amid the bullish predictions. The crypto’s futures OI rose by over 8% to $237.90 million recently. Further, the derivatives volume shot up by nearly 16% to $627.05 million.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi Network price slipped about 17% today, indicating a waning risk-bet appetite of the investors. Despite the buzz around the coin, the crypto has recorded significant losses lately, especially due to a lack of major announcements and updates regarding the token. Amid this, a Pi Coin enthusiast has revealed key reasons that might have triggered the recent selloff in the market.
Pi Network Price Slips 17%
Pi Network was one of the top laggards in the crypto market today, sparking concerns among traders. Pi Coin value was down more than 17% and exchanged hands at $1.16, while its one-day trading volume rose 54% to $551 million.
Notably, the latest loss comes as a huge Pi token unlock looms. For context, the unlock eventually increases the supply, causing pressure on the price. Besides, it has dampened the traders’ sentiment, resulting in the recent decline in the value.
Pi Coin Faces Major Selloff Amid Investor Concerns
Pi Coin’s recent price plunge has left many investors questioning the project’s long-term viability. Enthusiasts note that the drop directly correlates with declining public sentiment. One of the key triggers was Pi’s failure to secure a Binance listing, despite 86% of its community voting in favor.
This rejection has shaken investor confidence, further pressuring the token. Adding to the concerns, the Pi Core Team failed to deliver any groundbreaking updates on Pi Day, a crucial event for the community.
Many early miners, who have supported the project for years, are now openly criticizing the team for the lack of visible progress. With the project in development for six years, frustrations are mounting as expectations remain unfulfilled.
Lack of Development Roadmap Raises Red Flags
A major complaint among Pi Coin investors is the absence of a clear roadmap for the Open Mainnet launch. Unlike other crypto projects that provide transparent timelines, Pi Network has remained vague about its future developments. This uncertainty has led to growing skepticism, with some fearing that the project may never reach full decentralization.
In a recent social media post, Pi enthusiast Dr Altcoin pointed out that the crypto’s ranking has fallen to #13, with its price dropping below $1.30. He emphasized that the declining value reflects the community’s disappointment in the project’s progress. Without a roadmap, investors remain hesitant, leading to increased sell-offs.
Community Demands Transparency & Progress
The Pi Network community is calling for immediate action from the core team. Investors believe that for Pi Network price to regain momentum, the team must address the lack of trust by:
- Releasing a clear Open Mainnet roadmap.
- Launching the long-awaited 100 decentralized applications (DApps).
- Disclosing key investors and partnerships.
According to Dr Altcoin, these steps are crucial in restoring faith in the project and preventing further price declines. Without transparency and real progress, Pi Coin risks losing more support. However, a recent Pi price analysis hints at a 3X rally if Binance lists the token on its platform.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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