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

Elon's Optimus Could Mint New American Millionaires - Ad

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Social Security payments for Group 3 retirees will be sent on April 16, based on retirement date and birthdate.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

DOGE trumpets unemployment fraud that government already found

NEW YORK (AP) — The latest government waste touted by billionaire Elon Musk's cost-cutting Department of Government Efficiency is hundreds of millions of dollars in fraudulent unemployment claims it purportedly uncovered.

Betting Odds For Pope Francis Replacement Show Two Favorites, Plus This Global Event Has MLB Bettors Backing Nick Castellanos To Hit Home Runs

Pope Francis has died at the age of 88 leaving a vacancy for the position of the global head of the Catholic Church.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Trump Family Deepens Crypto Ties With Nearly $1 Billion on the Line

The Trump family has made substantial investments in the cryptocurrency industry.

Visa cancellations sow panic for international students, with hundreds fearing deportation

WASHINGTON (AP) — At first, the bar association for immigration attorneys began receiving inquiries from a couple students a day. These were foreigners studying in the U.S., and they'd their legal status had been terminated with little notice. To their knowledge, none of the students had committed a deportable offense.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Prince Harry appeals the loss of his UK security detail

LONDON (AP) — wants his British security detail restored and is taking his case to an appeals court.

4 dangerous assumptions that could hurt your retirement

Here are four dangerous assumptions that could hurt your retirement.

This "Awesome Resource" Could Power America for 30,000 Years...

This "Awesome Resource" Could Power America for 30,000 Years... - Ad

We sent one of our smartest researchers into the middle of the Utah desert with a film crew. Why? So he could lead an investigation into a radical new kind of energy that's so abundant, the Dept. of Energy says it could meet America's power needs for the next 2 million years.

Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs

MELBOURNE, Australia (AP) — Jesse Schiller and Rachel Evans are likely the only business owners on to be directly affected by the Trump administration's , as the South Pacific outpost they call home exports nothing to the United States.

Warren Buffett's Top Stock Picks Now Come With a 15% Income Bonus Through This Fund

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Keystone oil pipeline shut down after a rupture in rural North Dakota

BISMARCK, N.D. (AP) — The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin

In another interesting twist in the Satoshi Nakamoto saga, cryptocurrency lawyer James Murphy sued the U.S. government in an attempt to determine the identity of the pseudonymous Bitcoin (CRYPTO: BTC) creator.

Trump Exec Order to Help Restore Wealth for American Citizens?

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

Beyoncé Partnership, Strong Sales And Low China Exposure - Analyst Upgrades Levi Strauss To Buy

Levi Strauss & Co. (NYSE:LEVI) gets a bullish nod from BofA, highlighting its global brand strength, solid first-quarter results, and robust wholesale recovery. With low leverage and limited China risk, LEVI's diversified growth strategy fuel optimism.

Trump meets with the House GOP as his 'big' bill of tax breaks and spending cuts teeters

WASHINGTON (AP) — found himself in a familiar jam on Tuesday: Conservative Republican holdouts are stalling action on "big” bill of tax breaks and spending reductions, refusing to accept approved over the weekend because it doesn't cut enough.

50-Year Washington Insider Breaks Silence on Trump's Third Term

50-Year Washington Insider Breaks Silence on Trump's Third Term - Ad

After 50 years advising the Fed, CIA, and multiple Presidents, Jim Rickards is speaking out: Trump--or his proxy--could run and win again in 2028. And a bold move could give Americans a once-in-a-century shot to transform their finances.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

Corporate plane skids off runway into water in Oregon, injuring 5 people

NORTH BEND, Ore. (AP) — A small corporate plane skidded off a runway and into the water in southern Oregon Monday, injuring five people, officials said.

You Can Take a Stake in Elon's xAI Before May 1st...

You Can Take a Stake in Elon's xAI Before May 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

VinFast Auto Maintains EV Delivery Outlook Amid Macro Uncertainty Despite Q4 Margin Drag

VinFast posts wider-than-expected Q4 loss, revenue miss, and steep margin drop but maintains 2025 delivery growth target.

Iowa governor sues the Des Moines Register to stop request of emails she claims are protected

DES MOINES, Iowa (AP) — Iowa's governor on Friday sued the Des Moines Register over the newspaper's open records request, asking the court to validate her office's withholding of certain emails she claims are protected.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Shaq Regrets Ignoring Phil Jackson's Advice That Might Have Extended His Career: 'I Wish I Had Listened To Him'

Shaquille O'Neal, the basketball legend, has recently revealed a career-defining regret in his autobiography.

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Elon Musk's X sues to overturn Minnesota political deepfakes ban

MINNEAPOLIS (AP) — X Corp., the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates, saying it violates First Amendment speech protections.

Rubio Shutters Climate Office, Alarming Global Climate Advocates

Secretary of State Rubio is dismantling a key climate diplomacy office, a move that is throwing U.S. international environmental efforts into disarray just months ahead of critical global talks.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Odyssey Marine Exploration Stock Surges On Continued Momentum: What's Going On?

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) shares are trading higher Thursday, extending the momentum from a major intraday spike driven by reports of a forthcoming U.S. executive order favoring the deep-sea mining industry.

Regeneron Expands US Manufacturing With $3 Billion Fujifilm Deal

Regeneron signs $3 billion deal with FUJIFILM to expand biologics manufacturing in North Carolina, boosting U.S. capacity and long-term production.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

What's Going On With VeriSign Shares Friday?

VeriSign reported better-than-expected first-quarter earnings on Thursday after the market closed.

NEW THIS WEEK: Huge Energy Discovery In Utah

NEW THIS WEEK: Huge Energy Discovery In Utah - Ad

The Department of Energy says it could power America for millions of years, and both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested.

South Carolina Senate seek at hearing to remove state treasurer over $1.8B accounting error

COLUMBIA, S.C. (AP) — South Carolina's Republican-dominated Senate and its elected Republican treasurer faced off Monday in an extraordinary hearing as senators try to kick the treasurer over a $1.8 billion accounting error.

Trending Now