Dogecoin is beginning to regain momentum after a sharp drop in the early hours 
of January 3, a move that liquidated many traders who had been betting on 
continued upside. This decline wasn’t just another pullback, as it marked the 
most significant Dogecoin price drop in six months. As noted by technical 
analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major 
correction in this ongoing bull cycle. Notably, the next move is a push 
towards $1 for Dogecoin. However, whether this recovery gains traction will 
largely depend on Bitcoin’s next move, as broader market sentiment continues 
to shape Dogecoin’s trajectory. Dogecoin Completes Second Major Correction, 
Echoing Past Bull Cycles As noted by crypto analyst Kevin, Dogecoin&#8217;s recent 
drop was its second major pullback this cycle. Furthermore, the recent 
pullback closely resembles corrections seen in the previous cycle before 
Dogecoin eventually shot up to reach its all-time high. Related Reading: 
Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch 
For A Pump Or Crash The recent drop saw Dogecoin reach a bottom of $0.2237 
yesterday after a 32% fall from $0.329 just 24 hours earlier. Interestingly, 
this drop meant Dogecoin had corrected by about 58% from its $0.49 in December 
2024. As pointed out by the analyst, this looks much like a similar playout in 
early 2021, when Dogecoin retraced by about 56.8% on its upward move. Both 
instances were the second major pullback in their respective cycles, and if 
the pattern holds like the first cycle, the latest dip may have set the stage 
for the next leg higher for Dogecoin to finally break above $1. Will DOGE 
Rally To $1 Soon? Bitcoin’s Influence Is Key Dogecoin’s road to $1 is still 
intact, but the timing of the next surge depends on a few factors and breaks 
above multiple resistance levels. One of the most notable factors is Bitcoin&#8217;s 
dominance in the crypto market. Related Reading: Machine Learning Algorithm 
Predicts Dogecoin Price From January To December 2025 As Kevin pointed out, 
Dogecoin’s ability to resume its uptrend hinges largely on Bitcoin’s 
performance. The broader crypto market often follows Bitcoin’s lead, and if it 
maintains bullish momentum, the meme coin could soon follow suit. On the other 
hand, a fall or continued consolidation of the Bitcoin price could lead to a 
similar move for Dogecoin, as highlighted by Bitcoin&#8217;s break below $93,000 
yesterday. At the time of writing, DOGE is trading at $0.2593 and is starting 
to push steadily upwards after bouncing off at $0.223. The key area for bulls 
to reclaim is $0.33, which has acted as strong resistance since January. A 
break above this level could signal renewed bullish momentum, potentially 
setting up Dogecoin for a steady climb toward $0.4 and then $0.5. Bitcoin also 
needs to register a notable break above $100,000. Featured image from Adobe 
Stock, chart from Tradingview.com

Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To $1 Resume?

Trade war concerns and traditional market volatility threaten a short-term BTC 
correction below $90,000, analysts told Cointelegraph.

Bitcoin risks correction below $90K on US-China trade war concerns

While reports indicate that Canada and Mexico may be spared the tariffs 
instituted by the Trump administration, China was not included in those 
analyses. China was hit with a 10% tariff on imports beginning this week, 
which applies to all goods imported from China. Trump&#8217;s Trade Strategy Meets 
China&#8217;s Defiant Response Markets improved on Monday […]

Trump Barks, China Bites Back—Imposing Tariffs, Anti-Dumping Probes, and Export Limits

Decentralized lending protocol Aave has successfully processed $210 million in 
liquidations without adding to its existing bad debt. Data from Chaos Labs 
shows that following Monday&#8217;s flash crash, which wiped out roughly $2.2 
billion in crypto market value, the extreme…

AAVE processes $210m in liquidations without accumulating additional bad debt

Coinbase, the largest custodian for US-based spot Bitcoin ETFs, wants US 
state-chartered banks to be allowed to provide and outsource crypto custody 
and execution services.

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