DOGEUpdate

A crypto analyst has identified Dogecoin (DOGE) as a top buy opportunity, sharing a technical analysis of the meme coin’s future trajectory and potential for a significant price surge. While the analyst encourages investors to buy Dogecoin, he has discovered the emergence of two unique technical chart patterns in the 4-hour time frame that support his bullish forecast.

Here’s Why Investors Should Buy Dogecoin
CobraVanguard, a crypto analyst on TradingView, has announced a new buy opportunity for Dogecoin investors, identifying two bullish chart patterns that suggest a strong rally may be imminent. The first pattern, an Ascending Triangle, signals a potential price breakout to the upside. It is formed by a flat horizontal resistance line and a rising support line.

According to CobraVanguard, Dogecoin could rise to a new price high if these bullish patterns can successfully play out. Currently, DOGE is testing the resistance zone between $0.37 and $0.4, indicated by the green area on the chart’s Ascending Triangle. If the meme coin breaks past this resistance level, it could trigger a rally that propels DOGE to the $0.5 target. The analyst also believes that closing above the resistance area in the Cup and handle pattern could further bolster Dogecoin’s surge to the projected target.

In addition to these two unique bullish technical indicators, the Dogecoin’s chart mentions a possible Butterfly pattern that could influence its future price action. This harmonic pattern combines Fibonacci ratios and certain price movements to form a unique butterfly shape on a chart. It often signals trend exhaustion, potentially leading to a price reversal or a trend continuation at key levels.

While he has set the $0.5 target for Dogecoin, the TradingView analyst also revealed that the meme coin has the potential to aim for higher price levels if a breakout is sustained and momentum is maintained. Currently, the Dogecoin price is trading at $0.36, meaning a surge to $0.5 would require gains of up to 38.9%. According to CoinMarketCap, the meme coin has already increased by 6.3% in the last 24 hours after gaining over 15.8% over the past month.

Analysts Confirm DOGE’s Bullish Momentum
In another more recent X post, crypto analyst Trader Tardigrade announced the potential for a strong bullish momentum for DOGE. The analyst presented a Dogecoin macro chart, identifying a recurring pattern in it’s price movements.
The chart shows a long-term price pattern resembling a series of “Cup and Handle.” The two diagonal lines represent a rising channel within which price movements are bound. Additionally, the blue dots in the chart showcase past breakout points, where Dogecoin achieved a sharp price increase. Based on historical patterns, Trader Tardigrade predicts a significant DOGE rally towards higher targets at $65.

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Currently trading at 0.35881 USDT, $DOGE /USDT has gained 1.77%, signaling mild bullish momentum. Over the past 24 hours, $DOGE

has traded within a range of 0.34143 (low) to 0.36471 (high), supported by a significant trading volume of 1.23 billion DOGE, reflecting strong market activity and liquidity. The price action showcases a mix of bullish and bearish candlesticks, highlighting short-term volatility as it peaked at 0.36471 before experiencing a slight pullback.
🔑 Key Levels to Monitor
Support Level: 0.35444 – Holding above this level is crucial to sustaining upward momentum.
Resistance Level: 0.36471 – A breakout above this level could open the door to higher gains.
Traders should watch closely for price action around these levels. A bounce off support or a decisive breakout at resistance could signal profitable trading opportunities in the short term.
📊 Strategic Insights
For those seeking safer strategies, monitoring volume spikes and waiting for trend confirmations on higher timeframes can help reduce risk and secure potential gains. While the price is currently in a consolidation phase, an increase in buying activity or a strong breakout above 0.36471 could trigger further bullish momentum.
Conversely, if DOGE to hold above 0.35444, traders should remain cautious of a potential retracement. However, the ongoing liquidity and activity suggest a healthy market environment, offering opportunities for both intraday traders and swing traders.
Conclusion
$DOGE /USDT is exhibiting a steady upward trend with ample trading activity, making it a token worth keeping an eye on. As the price approaches critical levels, disciplined risk management and careful observation of market trends will be key to maximizing returns. With the broader crypto market gaining traction, DOGE could capitalize on its momentum in the coming sessions.
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Spirit Blockchain Capital says it is rolling out a yield-bearing strategy for its Dogecoin holdings while considering other treasury assets.

A firm that has adapted MicroStrategy’s Bitcoin reserve strategy with the meme coin Dogecoin has revealed plans to earn yield on its DOGE coins, with future ambitions to potentially offer products based on other major cryptocurrencies as investors look for new ways to get higher returns on their tokens.
Canadian investment firm Spirit Blockchain Capital said Thursday in a statement it intends to leverage its Dogecoin holdings through the new yield-generating strategy. The publicly traded company said the move will enable it to deliver value to its shareholders, in addition to expanding its treasury efficiency and enhancing the decentralized financial product adoption.

The initiative will serve as the bedrock for the company to launch potential yield-bearing strategies for other assets such as Bitcoin, Ethereum, Tether and Solana in the future, Spirit CEO Lewis Bateman said in a statement.

“We aim to unlock a previously untapped revenue stream while simultaneously positioning ourselves as a market leader in yield generation for not only Dogecoin, but the broader digital asset space,” Bateman said.

How exactly the company plans to generate yield on its DOGE treasury is unclear, however, and the firm did not respond to Decrypt’s requests for comment. Spirit Blockchain Capital did not announce an exact date for its yield-bearing strategy's rollout.

The company's announcement comes a few months after it acquired Dogecoin Holdings, a firm that is amassing DOGE as a treasury reserve asset. Spirit previously declined to disclose the size of its Dogecoin treasury to Decrypt, citing regulatory guidelines for its acquisition.
Yield-bearing financial instruments such as stablecoins have gained steam during this latest crypto market rally, with several major companies rolling out new tokens in recent months to meet sky-high investor demand.

Crypto investors can also earn yield on assets through such measures as staking—or locking up assets within a proof-of-stake network to earn interest-like token rewards—or pledging assets to crypto lending services.
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