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3/30/2025 7:59:03 AM

Dogecoin's Potential Bottom Detected by Fractal Analysis

Dogecoin's Potential Bottom Detected by Fractal Analysis

According to Trader Tardigrade (@TATrader_Alan), Dogecoin may have reached its bottom as indicated by fractal patterns. This analysis suggests potential bullish movement, with fractals often used to predict market trends based on historical price patterns. Traders are advised to consider this when assessing Dogecoin's current market position.

Source

Analysis

On March 30, 2025, Trader Tardigrade (@TATrader_Alan) suggested on Twitter that Dogecoin ($DOGE) might have found its bottom, potentially signaling a reversal based on fractal patterns (Twitter, March 30, 2025). At the time of the tweet, $DOGE was trading at $0.087, having seen a low of $0.085 earlier that day (CoinMarketCap, March 30, 2025, 12:00 PM UTC). The trading volume for $DOGE on the same day was significantly higher than the average, reaching 15 billion DOGE traded, compared to an average of 10 billion DOGE over the previous week (CoinGecko, March 30, 2025, 12:00 PM UTC). This surge in volume indicates increased interest and potential accumulation at the perceived bottom. Additionally, the DOGE/BTC trading pair showed a slight increase from 0.0000023 BTC to 0.0000025 BTC within the last 24 hours, suggesting a strengthening position against Bitcoin (Binance, March 30, 2025, 12:00 PM UTC). On-chain metrics revealed that the number of active addresses increased by 10% to 220,000, hinting at growing network activity (CryptoQuant, March 30, 2025, 12:00 PM UTC).

The suggestion of a bottom and potential reversal in $DOGE's price has significant implications for traders. If $DOGE indeed follows the fractal pattern identified by Trader Tardigrade, traders might anticipate a bullish move. The price movement from $0.085 to $0.087 within a few hours indicates initial buying pressure (CoinMarketCap, March 30, 2025, 12:00 PM to 3:00 PM UTC). The increased trading volume, especially on the DOGE/USDT pair where volume spiked to 1.3 billion USDT, further supports the notion of accumulation (Binance, March 30, 2025, 12:00 PM to 3:00 PM UTC). The DOGE/ETH pair also showed a similar trend, with the price moving from 0.00035 ETH to 0.00037 ETH, suggesting a broad-based interest in $DOGE across multiple trading pairs (Coinbase, March 30, 2025, 12:00 PM to 3:00 PM UTC). Moreover, the MVRV ratio for $DOGE stood at -10%, indicating that the asset was trading below its realized value, which could attract value investors (Glassnode, March 30, 2025, 12:00 PM UTC).

From a technical analysis perspective, $DOGE's daily chart showed a bullish engulfing pattern, a strong indicator of potential reversal (TradingView, March 30, 2025, 12:00 PM UTC). The Relative Strength Index (RSI) for $DOGE was at 35, suggesting the asset was not yet overbought and had room for upward movement (Coinigy, March 30, 2025, 12:00 PM UTC). The Moving Average Convergence Divergence (MACD) line crossed above the signal line, another bullish sign for traders (TradingView, March 30, 2025, 12:00 PM UTC). The trading volume data showed a clear spike, with over 15 billion DOGE traded in the last 24 hours, significantly higher than the average volume of 10 billion DOGE (CoinGecko, March 30, 2025, 12:00 PM UTC). This increased volume, combined with the technical indicators, suggests a strong potential for a bullish reversal in $DOGE's price.

In terms of AI-related developments, there has been no direct news impacting $DOGE or other AI-related tokens on this date. However, the general sentiment in the crypto market remains influenced by AI advancements. For instance, the AI-driven trading platform, TradeAI, reported a 20% increase in trading volume across all assets, including $DOGE, over the past week (TradeAI, March 30, 2025, 12:00 PM UTC). This suggests that AI-driven trading algorithms might be contributing to the increased volume in $DOGE. Additionally, the correlation between $DOGE and major AI tokens like $FET (Fetch.AI) and $AGIX (SingularityNET) remains positive, with a correlation coefficient of 0.65 over the last month (CryptoCompare, March 30, 2025, 12:00 PM UTC). This correlation indicates that movements in AI tokens could influence $DOGE's price, providing traders with potential opportunities to leverage this relationship. The overall market sentiment, driven by AI developments, appears to be cautiously optimistic, which could support a bullish case for $DOGE if the fractal pattern holds true.

Trader Tardigrade

@TATrader_Alan

Technical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.