Dogecoin to the Moon or Meme Dream Collapsing? Analysts Can’t Decide (But We’ve Got GIFs)

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TL;DR

  • Dogecoin barking up the bullish tree again, with analysts predicting wild highs of $0.28 🐕🚀
  • But… DOGE is also showing classic signs of a hangover: trading volume drooping, retail interest snoozing 😴


Could This Be Doge’s Comeback Tour? Spoiler: Even Analysts Don’t Know

Apparently, Dogecoin (DOGE) has woken up after a power nap and pumped nearly 5% in 24 hours, with CoinGecko beaming at its $0.17 glow. Some analysts are positively foaming—sorry, forecasting—about a breakout.

May 6: Ali Martinez, X (yes, “X”) user and meme coin prophet, clutched his chart and declared DOGE was “testing key support” at $0.167. As if by magic (or maybe bored whales), DOGE leapt above $0.17, causing a handful of traders to briefly consider hope as an emotion.

Meanwhile, Analyst Efloud labeled $0.169 the LTF (which, we’re told, does not mean “Literally Totally FOMO”) support level. Basically, don’t panic, unless you want to. “This zone may work as support on pullbacks,” they said, adding even more thrilling ambiguity.

Then there’s Trader Tardigrade (no idea if it’s a real tardigrade), who thinks a “Diamond Bottom” reversal pattern has formed, like a rhinestone collar for price hopes. His target? $0.28—enough for two lattes, maybe three.

Kamran Ashgar chimed in to say DOGE is “waking up” and might rally all the meme coins, possibly leading to mass hysteria on Crypto Twitter and the spontaneous formation of Shiba Inu cults.

Wait, Was That the Sound of the Party Ending?

Before you mortgage your house for DOGE, a little reality check: not everything’s wagging. Arkham’s blockchain goblins noticed more DOGE sloshing into exchanges than out, which could mean holders are prepping to sell off their precious meme stash faster than you can say “such disappoint.”

There’s also a mysterious vanishing act happening with DOGE trading volume, down like your motivation on Monday morning. Apparently, Google searches for Dogecoin have also faded—which is crypto speak for “no one’s searching for how to get rich quick with memes right now.”


As for the super-scientific Relative Strength Index (RSI): it’s like a dog at the park, running between bearish and bullish. On May 6, it nosedived to 30 (“bought too many treats”), but then trotted back to 50, meaning it currently lives in the “neutral zone,” also known as “nobody has a clue.”

Stay tuned for further drama, and maybe keep your wallet somewhere safe. Or not. 🤷‍♀️

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2025-05-07 21:04