Dogecoin begins to recover the momentum After a violent drop In early January 3, the movement, which was eliminated by many traders which he bet Continuation of the mountain. This decline He was not just another withdrawal, Because it meant the most significant decrease in Dogecoin in six months.

As the technical analyst Kevin (@kev_capital_ta) noted, Dogecoin has just finished his second vital correction in this ongoing bull cycle. In particular, the next move is the emphasis on 1 USD for Dogecoin. However, whether recovery is gaining adhesion to a immense extent since the next Bitcoin movement, because wider market moods still shape Dogecoin trajectory.

Dogecoin ends the second vital correction, repeating from the cycles of bulls

As he noted Kevin cryptographic analyst, a recent decrease in Dogecoin was the second vital withdrawal of this cycle. In addition, the last withdrawal resembles corrections perceptible in the previous cycle before Dogecoin He finally shot achieve your high time.

A recent decrease in Dogecoin reached the lower part of USD 0.2237 yesterday after $ 32% from USD 0.329 just 24 hours earlier. Interestingly, this decline meant that Dogecoin improved by about 58% compared to USD 0.49 in December 2024, as the analyst pointed out, it looks like a similar game at the beginning of 2021, when Dogecoin withdrew by about 56, 8% up.

Both cases were the second vital withdrawal in their relevant cycles, and if the pattern lasts like the first cycle, the latest immersion He could prepare the stage To the next leg above, so that Dogecoin finally interrupts above 1 USD.

Will the dog soon accumulate up to $ 1? The influence of bitcoin is crucial

The Dogecoin road to $ 1 is still intact, but the time of next growth depends on several factors and cracks above many resistance levels. One of the most noteworthy factors is the domination of Bitcoin on the cryptographic market.

As Kevin noted, Dogecoin’s ability to resume the hinges up to a immense extent to Bitcoin’s performance. The wider cryptocurrency market often follows the main Bitcoin leader, and if it maintains a stubborn shoot, the meme coin may soon follow in their footsteps. On the other hand, the fall or continuous consolidation of the Bitcoin price can lead to a similar movement for Dogecoin, As emphasized during the Bitcoin break Below $ 93,000 yesterday.

At the time of writing this writing, Doge trades for USD 0.2593 and begins to constantly push up after reflection for USD 0.223. The key area for recovering bulls is 0.33 USD, which has been resisting from January. The break above this level can signal the renovated stubborn rush, potentially setting Dogecoin to a constant climbing in the direction of 0.4 USD, and then 0.5 USD. Bitcoin also must be registered A noteworthy break above 100,000 USD.

A distinguished picture from Adobe, chart from TradingView.com