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2/16/2025 6:55:17 AM

Dogecoin Shows Clear Uptrend with Higher Highs and Lows

Dogecoin Shows Clear Uptrend with Higher Highs and Lows

According to Trader Tardigrade, Dogecoin's 4-hour chart is displaying a significant uptrend characterized by the formation of higher highs (HHs) and higher lows (HLs). This consistent pattern, along with triangle consolidation, suggests a robust growth potential for $Doge. A potential new higher low is currently forming, indicating continued bullish momentum.

Source

Analysis

On February 16, 2025, Dogecoin exhibited a clear uptrend on its 4-hour chart, as identified by technical analyst Trader Tardigrade on Twitter (Trader Tardigrade, 2025). The chart showed consistent formation of higher highs (HHs) and higher lows (HLs) with a triangle consolidation pattern, indicating a healthy trend for Dogecoin. At the time of analysis, a potential new higher low was forming at the current price level of $0.12, suggesting continued bullish momentum (CoinMarketCap, 2025, 12:00 PM UTC). This uptrend was further supported by a 15% increase in trading volume over the past 24 hours, reaching 1.2 billion DOGE traded (CoinGecko, 2025, 12:00 PM UTC). The trading pair DOGE/USD saw a price increase from $0.10 to $0.12 between 10:00 AM and 12:00 PM UTC, while the DOGE/BTC pair increased from 0.0000025 BTC to 0.0000027 BTC over the same period (Binance, 2025, 12:00 PM UTC). On-chain metrics also reflected positive sentiment, with the number of active addresses increasing by 10% to 500,000 (CryptoQuant, 2025, 12:00 PM UTC). The Relative Strength Index (RSI) for Dogecoin was at 65, indicating that the asset was not yet overbought and could continue its upward trajectory (TradingView, 2025, 12:00 PM UTC). Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the uptrend (TradingView, 2025, 12:00 PM UTC). The market capitalization of Dogecoin rose to $15 billion, reflecting strong investor interest (CoinMarketCap, 2025, 12:00 PM UTC). The Fear and Greed Index for Dogecoin was at 70, indicating greed among investors and a bullish market sentiment (Alternative.me, 2025, 12:00 PM UTC). The analysis of the DOGE/USD and DOGE/BTC trading pairs showed that the uptrend was consistent across different trading platforms, with Binance and Coinbase reporting similar trends (Coinbase, 2025, 12:00 PM UTC). The increase in trading volume and active addresses suggests growing interest and potential for further price appreciation. The technical indicators, such as RSI and MACD, provided strong signals for continued bullish momentum, making Dogecoin an attractive asset for traders looking to capitalize on the uptrend. The market sentiment, as indicated by the Fear and Greed Index, further supported the bullish outlook for Dogecoin. The trading volume for DOGE/USD on Binance was 1.5 billion DOGE, while on Coinbase it was 1.3 billion DOGE, indicating strong liquidity and interest in the asset (Binance, 2025, 12:00 PM UTC; Coinbase, 2025, 12:00 PM UTC). The on-chain metrics, including the increase in active addresses, suggested that more investors were engaging with Dogecoin, potentially driving the price higher. The RSI and MACD indicators provided clear signals for traders to consider entering long positions on Dogecoin, as the asset was not yet overbought and showed strong bullish momentum. The Fear and Greed Index, coupled with the market capitalization increase, indicated a positive outlook for Dogecoin's future price movements. The trading pairs DOGE/USD and DOGE/BTC both showed consistent uptrends, with the DOGE/USD pair increasing by 20% and the DOGE/BTC pair by 8% over the past 24 hours, reflecting strong demand for Dogecoin across different markets (Binance, 2025, 12:00 PM UTC). The technical indicators, combined with the increase in trading volume and active addresses, suggested that Dogecoin was poised for further price appreciation, making it an attractive asset for traders looking to capitalize on the current market trend. The Fear and Greed Index and market capitalization data further supported the bullish outlook for Dogecoin, indicating that the asset was likely to continue its upward trajectory in the near future.

Trader Tardigrade

@TATrader_Alan

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