The post Dogecoin (DOGE) Price Analysis: Time to Switch From Memecoin? This AI Altcoin Might Be the Best Option For 100x Gains appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE), the popular and largest meme coin in the cryptocurrency space, appears to be shifting towards a bullish trend after several days in a downtrend for DOGE price. As of January 30, 2025, along with other major assets, DOGE price seems to be recovering, forming a bullish price action. Though Dogecoin seems to be recovering, experts claim that the AI platform is gaining traction and attracting DOGE investors. The presale mania of IntelMarkets knows no bounds! DOGE Price Momentum: Dogecoin Gains Support With a positive market outlook, DOGE’s price is currently trading near $0.32 and has experienced a price surge. Following a DOGE price reversal from the crucial support level of $0.31, traders and investors have shown strong interest and confidence in the meme coin, resulting in an increase in trading volume, with the Dogecoin volume reaching $1.27 billion. According to expert technical analysis, DOGE price appears to be forming a bullish double-bottom price action pattern on the daily time frame. However, Dogecoin’s bullish price action is still in formation, and it is currently at a support level of $0.31, which has a history of strong bullish price reversals. Based on the recent price action, if DOGE price holds this support level, there is a strong possibility it could soar by 25% to reach the $0.41 level in the coming days. On the positive side, Dogecoin’s Relative Strength Index (RSI) currently stands at 45, indicating strong potential for the meme coin to rally further. Looking at the bullish price action and market sentiment, traders and investors have been betting on and accumulating the meme coin, the on-chain analytics firm Coinglass reported. Data from spot inflow/outflow revealed that exchanges had witnessed an outflow of a significant $11.50 million worth of Dogecoin. In the cryptocurrency landscape, outflow refers to the movement of…

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Filed under: News - @ February 2, 2025 12:17 am