Altcoin
Analyst Reveal When Dogecoin Price Could Hit $1 Based on This Pattern
Dogecoin price may be on the verge of another price rally, according to a market analysis comparing its current trend to the 2017 cycle. A detailed chart analysis suggests a similarity between DOGE price movements in 2017 and its trajectory in 2024.
The data shows that in 2017, the meme coin experienced a surge followed by a consolidation period lasting 115 days before another upward movement. The present cycle has now extended to 119 days, indicating a potential repeat of past trends. If the pattern holds, analysts predict DOGE price could reach the $1 mark by June 2024.
Analyst Predicts Dogecoin Price Could Hit $1 by June
Analyst Master Kenobi took to the X platform, formerly known as Twitter, to highlight a potential repetition of Dogecoin’s historical price cycle. According to his analysis, Dogecoin had a 115-day consolidation period between major price surges in 2017. The current market structure shows a similar pause, now lasting 119 days. This resemblance to past movements suggests that Dogecoin price could be approaching another breakout phase.
The analysis also points to technical indicators supporting this prediction. The Relative Strength Index (RSI) displayed a sharp increase during the initial rally in both cases, followed by a downward correction during the consolidation phase.
Once RSI stabilized in 2017, the price experienced another surge. A similar pattern appears to be forming in 2024, reinforcing the expectation of a possible upward movement.
Historical price cycles further strengthen the argument for a potential rally. The 2017 surge followed a prolonged accumulation phase, which appears to be repeating in the current cycle. If the top meme coin follows the same trend, analysts believe the meme coin rally could push DOGE toward the $1 mark in the coming months.
Technical Indicators Suggest a Meme Coin Rally
The analysis of Dogecoin price trends incorporates several technical indicators that align with the 2017 price cycle. Moving averages, RSI, and price action suggest that the current consolidation phase may be setting up for another strong rally.
More so, the Moving Average Convergence Divergence (MACD) indicator is signaling a potential bullish crossover as the blue MACD line is rising and appears to be crossing above the orange signal line. This crossover is a classic technical indicator of increasing bullish momentum, often interpreted as a buy signal by traders.
Additionally, the histogram bars have transitioned to blue, reinforcing the likelihood of an upward trend. As the histogram expands positively, it suggests growing buying pressure, which could push Dogecoin’s price higher in the coming sessions. This development indicates that momentum is shifting in favor of the bulls, potentially setting up a price recovery.
Furthermore, the Awesome Oscillator (AO) is reflecting a similar sentiment, as the histogram bars are beginning to lighten in color, transitioning from deep red towards green. This shift in momentum suggests that bearish pressure is weakening, and a potential reversal may be forming. If the AO continues to print green bars, it would confirm a bullish divergence, adding weight to the bullish case
At press time, the top meme coin is trading at $0.1743, reflecting a 5.34% surge in the past 24 hours. Additionally, the 24-hour trading volume has increased by 11.81%, reaching $1.16 billion, while its market cap stands at $25.89 billion, indicating strong bullish momentum.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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.
Solana price has gained by a strong 6% in the last 24 hours moving to $135 amid the optimism surrounding the launch of futures Solana ETF by Volatility Shares on Thursday. As a result, traders have charged in with daily trading volumes for SOL surging by 61% to more than $3.57 billion.
Solana Price Action Draws Trader Interest, Is Bottom In?
Today’s Solana price action happens along with significant trader interest in the altcoin. Popular crypto analyst Ali Martinez pointed out that the Solana futures open interest has shot up to $2.7 billion, the levels last seen in October 2024. This shows a renewed interest in the Solana derivatives market while signaling growing participation from investors and traders alike.
After hitting the highs of around $270 in November 2024, the Solana price corrected more than 50% from the top in just the last four months. However, market analysts believe that SOL is showing signs of a bottom formation, and could reverse its trajectory from here onwards.
As shown in the below image, the Solana price has broken out of the converging triangle pattern. As a result, the immediate target on the upside could be in the range of $150-$180. Once the bulls successfully cross this range, we can see another leg of the rally to %260 and beyond.
Tuesday’s FOMC meeting saw the Federal Reserve keeping interest rates unchanged at 4.5%, which is the expected line. Bitcoin and the broader crypto market took this as a positive indicator with investors showing strength. The current SOL price prediction by analysts suggests that the bullish sentiment is once again picking up with the hope of an altcoin market revival.
Solana ETFs Go Live Today
In a major development for the crypto community, Florida-based investment giant Volatility Shares will bring the first-ever futures Solana ETFs to the US market. This marks the stepping stone for getting the spot ETF products into the market in the future. This is the same trajectory that was followed to bring spot Bitcoin ETF and spot Solana ETF to the market.
Volatility Shares LLC will introduce two Solana Futures ETFs with tickers – SOLZ and SOLT. Here, the standard Solana ETF (SOLZ) will directly track Solana futures, while the leveraged Solana ETF (SOLT) will provide investors with double the exposure to Solana price movements.
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.
Ark Invest’s Cathie Wood is one of the outspoken supporters of crypto and blockchain technology. As the CEO of Ark Invest, Wood has built her credentials as a certified “stock picker,” pushing Ark Innovation Fund to $23 billion in assets. In addition to her lucrative selections, Wood is a well-known industry analyst.
In her latest statement, Wood predicts that most memecoins will become “worthless” since these assets only rely on celebrity hype, with no real-life use cases.
In an interview, Wood argued that combining artificial intelligence and blockchain technology generates millions of potentially worthless memecoins. She added that her company, Ark Invest, doesn’t plan to invest in memecoins.
Image: Gemini Imagen
Cathie Wood Says Most Memecoins Will End Up ‘Worthless’
Most of the so-called memecoins that are flooding the $2.6 trillion cryptocurrency space will probably end up “worthless,” according to @CathieDWood.
The combination of blockchain technology and artificial intelligence is… pic.twitter.com/n6j27oPP2m
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Value Soon?
In a Bloomberg interview, Cathie Wood expressed her sentiments on memecoins, a class of assets created using artificial intelligence and blockchain technology. According to her, many of these coins will soon become worthless.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP via Getty Images
Memecoins are types of digital assets that were initially created as jokes and a jab at the popularity of Bitcoin and often a reflection of trends and current events. Last February, the Securities and Exchange Commission (SEC) stated that such coins are not securities but are still regulated.
Buyers Of Memecoins, Beware
In the same Bloomberg interview, Wood talked about her insights and recommendations on meme cryptos. When asked about these assets, Wood reminded investors and holders. She shared that there’s a huge possibility that investors can lose money with memecoins and that regulators, including the SEC, will not take full accountability.
Wood’s statement comes amid an increasing attention and demand for these assets after US President Donald Trump took office. Trump launched a meme token that surged on the first few days but is currently trading at a loss.
Wood further stated that these memecoins would turn into “digital collector’s items”, and some of these may withstand the test of time, including TRUMP coin. Last January, Wood warned against investing in the TRUMP token, saying that this asset has no real-life utility.
ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY
ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A
— Arkham (@arkham) March 13, 2025
Wood Remains Bullish On Bitcoin And Other Altcoins
Meanwhile, Wood retained her bullish take on Bitcoin and the broader crypto market. She mentioned that the use cases for Bitcoin, Solana, and Ether are expanding and will become important to society.
Recent reports disclosed that Wood’s company recently bought 997 Bitcoins valued at $80 million through Coinbase, underscoring its commitment to the top asset.
Wood has consistently predicted that Bitcoin will pass $1 million in market value by 2030. However, Bitcoin is trading under $82k, down by about 13% this year.
Featured image from Pexels, chart from TradingView
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As Ethereum price climbed above the $2,000 mark, theories for a mega rally have taken a life of their own. Analysts say the bottom may be priced in for Ethereum (ETH) amid a wave of dour reports for the asset.
Ethereum Price Is On Course To Record New Highs
Ethereum is staging a strong recovery since it slipped below the $2,000 mark in early March. Several analysts say a rally for the largest altcoin is in the offing, citing a slew of technical indicators.
Pseudonymous crypto analyst Master Kenobi disclosed on X that indicators suggest that the bottom is already in for Ethereum’s price. Master Kenobi hinged his theory on a previous pattern from 2020 and the subsequent rally that followed for Ethereum.
According to Master Kenobi, a steep Ethereum price crash in 2020 laid the foundation for an all-time high with the analyst identifying a similar pattern in 2025.
“An identical ABCDE formation of roughly equal duration concluded with an induced panic crash exactly five years later,” said Master Kenobi.#
Master Kenobi highlighted a long-range hidden bullish divergence that is suggestive of weakening downward pressure for the Ethereum price. Since ETH slipped below $2K, selling pressure for Ethereum reached frantic levels, sparking outflows from ETFs running into a small fortune.
Several Dour Reports Threaten ETH’s Recovery
Despite the predictions for a rally, Ethereum price can experience a slump, ruining the party for investors. Standard Chartered slashed its ETH 2025 target by a jarring 60% from $10,000, casting a shadow of doubt on future price movement.
Apart from the recalibration of Standard Chartered’s end-of-year prediction, Ethereum DeFi lost $29 billion from its ecosystem over 30 days. There are whispers that the Ethereum price can reach $5,000 following the Pectra upgrade to the test net but a crash to $1,600 remains a plausibility.
At the moment, Ethereum is trading at $2,020 and is up by 4.40% over the last day. Daily trading volumes have spiked by 92% over 24 hours, settling at 20.27 billion in defiance of the grim reports for Ethereum.
Aliyu Pokima
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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