Dogecoin Plunges 9% But Top Analyst Believes Meme Coin Could Stage A 'Strong' Rebound In Case This Happens

Aniket Verma

March 09, 2025

Influential cryptocurrency analyst Ali Martinez anticipated a significant rebound for Dogecoin (CRYPTO: DOGE) despite the market slump on Sunday.

What Happened: Martinez, known for spotting chart patterns and issuing price predictions, said in an X post that Dogecoin was nearing a critical support level at the lower boundary of the ascending channel.

“Holding above $0.16 could fuel a strong rebound,” the analyst projected.

An ascending channel pattern is a bullish continuation pattern that suggests that the bullish trend is likely to continue after a period of consolidation.

#Dogecoin $DOGE is nearing a crucial support level at the lower boundary of this channel. Holding above $0.16 could fuel a strong rebound! pic.twitter.com/foCUdbnTFZ
— Ali (@ali_charts) March 9, 2025

Martinez also drew attention to the surge in whale interest for the dog-themed cryptocurrency over the last few days.

About 1.7 billion tokens, worth $290 million at prevailing prices, were snapped by the largest DOGE whales in the last 72 hours, potentially paving the way for the next breakout.

The finding was corroborated by IntoTheBlock, which showed a 41% jump in DOGE transactions valued at over $100,000 in the last 24 hours.

The largest whales on the #Dogecoin $DOGE network have accumulated 1.7 billion DOGE in the last 72 hours, potentially positioning for the next big move! pic.twitter.com/G8vCHKNvMF
— Ali (@ali_charts) March 9, 2025

However, the crucial Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset's price indicator, flashed a "Sell" signal for DOGE, according to TradingView.

See Also: Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT

Why It Matters: Martinez’s bullish prognosis comes amid a volatile cryptocurrency market as leading cryptocurrencies, including Bitcoin (CRYPTO: BTC), witnessed a sharp sell-off on Sunday evening due to fears of a recession.

The slump comes after President Donald Trump signed an executive order to establish a Bitcoin Strategic Reserve and hosted the first-ever Crypto Summit at the White House.

Dogecoin hasn’t been insulated from the decline, as the world’s leading meme coin fell over 24% in the last week and more than 30% over a month.

Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1733, down 9.47% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the meme coin has tanked by 45%.

Image via Shutterstock

Read Next:

Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: ‘I Made The Promise’ -- BTC Dips 4%

Recommended

Global Demand for Defense Metals Is Surging 7X - Ad

Legally "Skim" $6,361 Into Your Account? - Ad

The Market Just Crossed a Dangerous Line - Ad

Popular

Dogecoin Grayscale ETF Set To Debut As Shiba Inu Burn Rate Surges 1,152%

Dogecoin (CRYPTO: DOGE) and Shiba Inu

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Washington's push for domestic copper, silver, gold, and tungsten is reshaping the resource landscape. Their neighbor's multi-metal hits, supported by $6M in federal funding and a 300%+ YTD surge, confirmed this Nevada corridor is the right kind of ground. Now another early-stage explorer has stepped into the same trend as interest accelerates.

Donald Trump Fueled Bitcoin's Rise Beyond $100,000 — Can BTC Survive His 2028 Exit?

Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto admin

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26?

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

Trump-Established Bitcoin Reserve And 'Digital Asset Stockpile' May Be Underwater

The “strategic national digital assets stockpile” established by the Trump administration is likely facing unrealized losses, a new report shows.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Trump's New Plan to Avert a Debt Crisis

Trump's New Plan to Avert a Debt Crisis - Ad

While the media focuses on tariffs and tax cuts, Trump quietly signed Senate Bill 394 - legislation that could end the debt crisis, fight inflation, and restore dollar supremacy. Wall Street insider Louis Navellier says this new law will affect how you spend, invest, and save for years to come.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Bernie Sanders Says Shutdown Fight Is About Trump Giving Trillion-Dollar Tax Breaks To 'Mr. Musk, Mr. Bezos' And Other Billionaires: 'Must Not Cave'

Sen. Bernie Sanders blamed President Donald Trump's billionaire-focused tax cuts for causing the record-breaking government shutdown, urging Democrats "not to cave" as the Senate moves toward a vote to reopen the government.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Elon Musk's Boring Company Fined Nearly $500,000 for Environmental Violations

The Boring Company, owned by Elon Musk, has been penalized with a fine of almost $500,000.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

All 4 Major Banks Race to Adopt 'Trump Dollars'

All 4 Major Banks Race to Adopt 'Trump Dollars' - Ad

JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are all rushing to adopt a new, upgraded version of the U.S. dollar that President Trump authorized this past summer. But acclaimed analyst, Louis Navellier, believes this isn't just a minor upgrade - it's a complete transformation to American money.

Supreme Court Grants Stay On Texas Congressional Map, AG Ken Paxton Says

The Supreme Court temporarily blocked a lower court's injunction on Texas' new congressional map.

A deal to end the government shutdown is on track but faces hurdles

WASHINGTON (AP) — A legislative package to end appears on track Monday after a handful of Senate Democrats joined with Republicans to break the impasse in what has become of federal , the longest in history.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Crash In BTC, ETH, Gold, Silves Prices, But Says He's Buying, Not Selling: Here's Why

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has shared his investment strategy amid predictions of an economic downturn.

This Millennial Sold His Startup for $532 Million — Now He's Back To Work Out of Boredom

Tom Grogan, co-founder of Wingstop UK, has expressed dissatisfaction with his newfound wealth following the sale of a majority stake in his business.

America Wants Less Reliance on Foreign Metals - And This Nevada Play Fits the National Shift

America Wants Less Reliance on Foreign Metals - And This Nevada Play Fits the National Shift - Ad

The U.S. is working to reduce dependence on China and Russia for strategic metals like copper, silver, gold, and tungsten. Guardian Metal's recent results confirmed these metals are active in this Nevada corridor - and its stock is up 300%+ YTD. A new explorer on the same belt is entering early as America pivots back to domestic supply.

Nvidia, AMD Lead Semiconductor Rally After Taiwan Semiconductor's Strong October Sales

Semiconductor stocks rise as tech giants reaffirm commitment to AI-driven investment and Taiwan Semiconductor reports strong revenue growth.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

Ionis Reports Substantial Drop In Acute Pancreatitis Events With Cholesterol Lowering Drug

Ionis' olezarsen cut triglycerides by up to 72% and reduced acute pancreatitis events by 85% in Phase 3 studies of severe hypertriglyceridemia.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Bitcoin Below $102,000 As 'Extreme Fear' Sentiment Takes Down Ethereum, XRP, Dogecoin

Bitcoin is trading below $102,000 on Wednesday, with the Fear and Greed Index dropping to extreme fear at 20. Over the past 24 hours, crypto markets saw over $1.7 billion in liquidations.

Apple's Satellite-Powered Features for iPhones: A Journey Spanning Over A Decade

Apple continues to make strides in its decade-old satellite connectivity project. The tech giant is reportedly developing a range of innovative features to enhance its satellite services.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Two Solar Stocks Surge In Momentum Amid Insatiable AI Power Demand

Canadian Solar and First Solar jump in momentum rankings as AI-driven energy demand and data center strategies boost solar stocks.

Uber CEO Dara Khosrowshahi Sees A 'Hybrid Future' Of Robotaxis And Human Drivers, Says AVs On Its Platform Can Make More Money

Uber CEO outlines hybrid future for company's platform amid autonomous driving push. Says AVs can generate more earnings on Uber platform.

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

The shutdown has disrupted air travel. Will that drive a surge in car rentals and train bookings?

NEW YORK (AP) — The U.S. has rattled air travel — most recently with an unprecedented effort from the Federal Aviation Administration at airports nationwide. And the disruptions are causing some to instead hit the road or buy a train ticket.

Is The Market Now Just The Mag-7? Investors Call Tech Concentration A Major Risk

AAII survey confirms growing concern over concentration of mega-cap tech stocks in S&P 500. Sentiment improving but not confident.

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26?

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Bangladeshi workers protest in Malaysia over unpaid wages and mistreatment claims

DHAKA, Bangladesh (AP) — About 100 Bangladeshi workers who were employed by Malaysian companies rallied Monday to demand unpaid wages, fair compensation and an end to alleged abuse by Malaysian employers.

Qatar Airways to sell its holdings in Hong Kong's Cathay Pacific for $896 million

DUBAI, United Arab Emirates (AP) — Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier's .

Trump's New Plan to Avert a Debt Crisis

Trump's New Plan to Avert a Debt Crisis - Ad

Ferrari CEO Confirms Electric Car Plans, Raises Full-Year Outlook

Ferrari N.V. stock rose after reporting Q3 results and guidance. Sales grew 7.4% and EPS beat estimates. Net revenues and adjusted EPS outlook raised.

Trending Now