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CAN DOGE REACH $1$DOGE *Dogecoin (DOGE)* has always been in the spotlight due to its meme coin status and strong community. It’s not just the tweets of *Elon Musk* that have kept it in the limelight, but also the impressive price rallies driven by these moments. So, when analysts mention a chart formation that could *catapult Dogecoin* over *$1*, it’s definitely worth looking into. Let's explore what's going on and if this is a realistic expectation. --- *The Bullish Chart Formation: What Does It Mean?* According to the article, the analyst sees *bullish chart patterns* developing in *Dogecoin*. These formations are often indicators of potential price action. Here's a general breakdown of what this might mean: 1. *Consolidation Phase*: A common bullish formation starts with a period of *consolidation*, where the price trades within a tight range. It forms a *base* for the next breakout. If Dogecoin is currently in this phase, it suggests that investors are patiently waiting for a breakout. 2. *Breakout to1*: After a consolidation phase, when there is *strong buy pressure*, the price could break through resistance levels, potentially leading to a *bullish breakout*. If the analyst is suggesting a push over 1, it means *Dogecoin’s next resistance* is key. 3. *Volume and Momentum*: A key part of chart formations is volume. Higher *buying volume* is often needed to support the breakout. If Dogecoin sees a surge in volume and momentum, it could validate the bullish formation and push towards higher levels. — *Why1 Could Be Significant* *1* is a psychological barrier for many traders, and it’s a *key milestone* for any meme coin. If Dogecoin does hit1, it could mark *new highs* and attract *more investors* who want to get in on the action. However, breaking through $1 would require a *massive influx of buyers*, and given the size of Dogecoin's *market cap*, it would be a significant leap. --- *Risks to Consider* While the *technical chart formations* look promising, it’s important to note that *meme coins* like Dogecoin are *extremely volatile* and driven by *external factors* like market sentiment, celebrity influence, and overall market conditions. Here are a few things to watch out for: 1. *Hype-Driven Volatility*: Meme coins can *skyrocket* when the hype is strong, but they can also *crash quickly* when the hype fades. Always monitor the market closely and *have an exit strategy*. 2. *Market Conditions*: The broader market plays a big role. If *Bitcoin* or *Ethereum* sees a major downturn, it could *drag down the entire market*, including Dogecoin. — *So, Should You Buy Dogecoin Now?* If you're considering *Dogecoin*, here’s what I would suggest: - *Do your own research*: Understand the *chart patterns* but also the *broader market* conditions. - *Keep an eye on volume*: A breakout above1 would likely require *massive volume* and *bullish momentum*. - *Have an exit plan*: Meme coins can be *volatile*, and it’s essential to take profits when possible, especially when you're dealing with speculative assets. --- *Conclusion: Is Dogecoin Ready for 1?* While the *chart formation* could point to a bullish future for Dogecoin, *1* is no easy feat for a meme coin with a massive supply. However, if *volume* and *market conditions* align, it’s possible for *Dogecoin* to make a run at $1. But remember, the crypto market is unpredictable, and you should always trade with caution and *manage your risk*. Good luck out there! 🚀

The post Charles Hoskinson Slams USAID for Funding Book Linking Bitcoin to Extremism” appeared first on Coinpedia Fintech News In a latest development, Charles Hoskinson, founder of Cardano, has criticized the U.S. Agency for International Development (USAID) for funding a book that links Bitcoin to right-wing extremism. WikiLeaks recently revealed that USAID funded a book connecting Bitcoin and cyberlibertarianism to right-wing ideologies. The book, Cyberlibertarianism: The Right-Wing Politics of Digital Technology, authored by David Golumbia, links Bitcoin to extremist ideologies. Published by the University of Minnesota Press, it reportedly received over $80,000 in funding from the U.S. government, according to WikiLeaks. Hoskinson expressed his frustration on social media, calling this portrayal of Bitcoin “garbage.” So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism. I'm so done with this garbage https://t.co/hG9ViJiW0A — Charles Hoskinson (@IOHK_Charles) February 10, 2025 This controversy arises amid broader scrutiny of USAID’s activities. The Trump administration has recently issued an executive order leading to a funding freeze for the agency, affecting its global humanitarian efforts. Reports indicate that some USAID staff are also on leave, with the agency’s future unclear. Backing, Cardano founder Charles Hoskinson, Representative French Hill, chairman of the House Financial Services Committee (HFSC), recently commented on USAID’s spending. He mentioned that Elon Musk’s Department of Government Efficiency (DOGE) is looking into the agency’s budget. Hill also pointed out that Secretary of State Mike Rubio, who oversees USAID, will be involved in decisions about its future funding. Hoskinson’s criticism highlights the ongoing debate about how Bitcoin is portrayed and the role of government funding in crypto research. Bitcoin supporters argue that these narratives try to undermine decentralized technologies, which they see as tools for financial inclusion and economic freedom.

Dogecoin ($DOGE ) has faced a sharp downturn this month, continuing a bearish trend that began in December when it hit a peak of $0.4835. The decline aligns with broader altcoin struggles as market sentiment remains in "fear" territory, with the Fear and Greed Index hovering around 35. However, technical indicators suggest a possible reversal could be on the horizon. Why a DOGE Rebound Looks Likely One key metric, the Market Value to Realized Value (MVRV) ratio, indicates that DOGE has entered the "opportunity zone." Historically, whenever this indicator drops to similar levels, Dogecoin has experienced a sharp recovery. Santiment data shows that a past drop to this level led to a 45% rally in December, pushing DOGE to $0.4332. If history repeats, a similar move could take the price back to $0.3640 and possibly higher. Moreover, Trader Tardigrade, a well-known analyst, notes that DOGE is now in the “accumulation zone.” He believes the coin often goes parabolic after dipping from consolidation phases. If this pattern holds, DOGE could retest the $1 resistance in the long run. Key Levels to Watch Immediate support: $0.20 – A break below invalidates the bullish outlook. Resistance targets: $0.3215 (38.2% Fibonacci) and $0.3836 (23.6% Fibonacci). With historical trends and technicals aligning, DOGE could soon surprise the market with a strong comeback. Will this be the next breakout rally?

#Dogecoin Bullish Falling Wedge Nears Breakout 🔥 $Doge often forms large Falling Wedge before the pumps 🚀 A SURGE is imminent.

Eric Balchunas shared his predictions regarding the approval likelihood of spot cryptocurrency ETFs in 2025. Balchunas forecasts that Litecoin ($LTC ) and Dogecoin (DOGE) have the highest chances of approval, with probabilities of 90% and 75%, respectively. Solana (SOL) follows with a 70% chance, while XRP has a lower probability of 65%.