NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Dogecoin Rally Ahead? This Positive Correlation Data Points To A Potential 20% Jump For DOGE

Opeyemi Sule
Opeyemi Sule
1 year ago
3 mins read
XRP Price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Dogecoin has been one of the cryptocurrencies to watch in the past few weeks. However, the token’s price appears to be slowing down after recording significant bullish momentum.

Interestingly, there might be renewed optimism around the DOGE price, as a crypto analyst has offered insight on what to expect from the meme coin in the coming weeks.

Related Reading

Dogecoin

Dogecoin Falls While Others Rally, Is It Decoupling From The Market?

2 years ago

Dogecoin To Experience A 20% Price Rally?  

On Thursday, August 10, crypto analyst Ali Martinez shared data from IntoTheBlock, suggesting that DOGE might witness a positive price movement soon. This suggestion is based on the similarities in the price history of both Shiba Inu (SHIB) and Dogecoin. 

According to his post on X (formerly Twitter), there is a “strong” positive correlation of 0.74 between the two meme coins over the past two months. This indicates that when SHIB’s price shifts, the price of DOGE often moves in the same direction. 

Dogecoin

Source: TradingView/ali_charts

Interestingly, this hasn’t happened in the past few days, as the DOGE price has not taken significant action. The value of SHIB, on the other hand, has surged by 22% in the last seven days.

However, Ali Martinez noted that “given their high correlation coefficient,” a bullish price movement might still be on the horizon for DOGE. So, investors might want to keep a keen eye on the token’s performance in the coming days.

DOGE Price Stuck In A Range – Price Overview

Dogecoin has struggled to maintain the momentum garnered from Elon Musk’s support a few weeks ago. The meme coin has been trading mainly within a range since then, recording a mere 3.1% gain in the past week.

After reaching a 7-day high of $0.07658 on Saturday, August 5, the DOGE price shed all its gain to trade below $0.073. However, the token’s price is back up, hovering around its weekly high.

Related Reading

Dogecoin

Crypto Analyst Says It’s Time To Buy Dogecoin, Here’s Why

2 years ago

This price action underscores the meme coin’s unsuccessful attempts at breaking the $0.08 resistance level. DOGE trades about 5.5% down from the significant $0.08 zone after failing to breach it on July 31.

As of this writing, the Dogecoin price is $0.075739,  having leaped by 0.3% in the last 24 hours. With a nearly $10.7 billion market cap, DOGE ranks as the 8th-largest cryptocurrency.

CoinGecko data reveals that there has been a substantial boost in DOGE’s market activity, with a 17.6% increase in its daily trading volume. The cryptocurrency currently has a 24-hour trading volume of over $430.2 million.

Dogecoin

DOGEUSDT approaching the $0.08 level on the daily timeframe | Source: DOGEUSDT chart from Tradingview
Featured image from iStock, charts from TradingView
Tweet123Share196ShareSend
Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

DOGE Price Prediction

Dogecoin (DOGE) Slips Into Red Zone, Is a Bigger Crash Looming?

Dogecoin started a fresh decline below the $0.2320 zone against the US Dollar. DOGE is now consolidating and might dip...

Aayush Jindal 1 day ago
Dogecoin news

Is The Dogecoin Crash Over? Analyst Says This Is Crucial Now

The Dogecoin question of the summer—whether the crash is finally over—met a hard-edged reality check in crypto analyst VisionPulsed’s August...

Jake Simmons 2 days ago
Dogecoin

Dogecoin Holder Count Surges Toward New All-Time Highs — Here Are The Figures

Dogecoin, despite being held up around the $0.21 to $0.23 price zone, has seen its user base grow with adoption among...

Scott Matherson 2 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

Scott Matherson 7 minutes ago
Dogecoin

Alphractal Says Resilient Dogecoin Metrics Could Lead To Price Breakout

Scott Matherson 1 day ago
Dogecoin news

Dogecoin About To Explode? On-Chain Models Hint At A Massive Rally

Jake Simmons 1 day ago

Premium Sponsors

Press Releases

  • How Binance and ETHRANSACTION Are Revolutionizing Bitcoin...

    39 minutes ago
  • miner

    XRP Mastercard launches on the 25th, Gemini supports...

    8 hours ago
  • Bitcoin

    Bitcoin and XRP continue to fluctuate, and cloud mining...

    9 hours ago
  • ETHRANSACTION launches mobile app for mining BTC, earning...

    1 day ago
  • A legjobb megvásárolható altcoinok, amikor a Gemini csatlakozik a Coinbase-hez és a Bullish-hoz a Wall Streeten

    A legjobb megvásárolható altcoinok, amikor a Gemini...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.