A leading crypto analyst has further expressed their confidence that Dogecoin 
could be set for a bullish run in the current market cycle. This comes thanks 
to renewed buyer interest in the coin following its recent drop. Rising Volume 
Signals Strong Demand for Dogecoin In an X post, Crypto analyst Emilio Crypto 
Bojan described the latest drop in DOGE as a &#8220;generational entry&#8221; point. 
According to Bojan, trading volume began rising soon after the coin hit its 
low point, suggesting that many investors bought the dip rather than selling. 
Related Reading: Dogecoin Has Entered A Historically Red Month And The Result 
Could Be Catastrophic The meme coin fell by about 14% to $0.07763 during last 
week&#8217;s high-volatility period, when Bitcoin fell to $59,000. Bojan considers 
this a perfect moment to buy this coin at a low price. Since then, DOGE has 
recovered to around $0.08529. The coin has also maintained strong interest 
among traders, with a 24-hour trading volume of about $812.7 million and a 
market value of roughly $14.5 billion. Analysts are now closely watching the 
$0.099 price level. This is seen as an important resistance point for 
Dogecoin. Bojan believes that if the meme coin can move above $0.099 and stay 
there, it could confirm that buyers have regained control of the market. He 
expects the cryptocurrency to &#8220;pump hard&#8221; after reclaiming that level. 
Meanwhile, data from Santiment shows that wallets holding between 100 million 
and 1 billion DOGE have been reducing their holdings in recent weeks. These 
wallets now control 23% of Dogecoin&#8217;s circulating supply. The decline marks 
the lowest level in five months. At the same time, wallets holding more than 1 
billion DOGE, which are often associated with crypto exchanges, have increased 
their share of the circulating supply. Their holdings have risen to 47%, 
suggesting high activity among retail investors. Bullish DOGE Sentiment Builds 
Up Among Analysts Another analyst, Trader Tardigrade, recently pointed to a 
chart pattern that mirrors Dogecoin’s historic bull cycle. The analyst noted 
that the coin appears to be repeating the same sequence seen between 2014 and 
2017, where the coin went through a long consolidation period, followed by a 
falling wedge formation and then a breakout. Related Reading: Are Meme Coins 
Like Dogecoin And Shiba Inu Still Worth Buying? During the previous cycle, 
DOGE rallied by an astonishing 29,000% after the pattern was completed. Trader 
Tardigrade believes the current market structure looks quite similar, raising 
expectations that another powerful move could be developing. Adding to the 
bullish outlook, Ali Martinez noted that Dogecoin recently reached his target 
price of $0.0883. He said the meme coin is now testing the lower boundary of 
its current trading channel, which could determine its next move. As long as 
the coin remains above this support level, the analyst believes a recovery 
toward $0.1019 and possibly $0.1156 remains likely. At press time, the coin 
was valued at $0.08522, according to data from CoinMarketCap. Featured image 
from Pngtree, chart from Tradingview.com

A leading crypto analyst has further expressed their confidence that Dogecoin could be set for a bullish run in the current market cycle. This comes thanks to renewed buyer interest in the coin following its recent drop. Rising Volume Signals Strong Demand for Dogecoin In an X post, Crypto analyst Emilio Crypto Bojan described the &#8230;

Dogecoin Will ‘Pump Hard’ After This Happens, Analyst Clocks Generational Entry

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Dogecoin Will ‘Pump Hard’ After This Happens, Analyst Clocks Generational Entry

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