{"id":159348,"date":"2025-06-08T15:00:49","date_gmt":"2025-06-08T12:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159348"},"modified":"2025-06-08T05:32:42","modified_gmt":"2025-06-08T02:32:42","slug":"analyst-sees-signs-of-a-potential-dogecoin-comeback-as-memecoin-market-shows-early-strength","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-sees-signs-of-a-potential-dogecoin-comeback-as-memecoin-market-shows-early-strength\/","title":{"rendered":"Analyst Sees Signs of a Potential Dogecoin Comeback as Memecoin Market Shows Early Strength"},"content":{"rendered":"<p>Drawing on historical patterns and current market dynamics, Wedson outlined several indicators pointing to a possible rally on the horizon.<\/p>\n<p>One of the key insights from his breakdown involves liquidity patterns. Wedson pointed out that during Dogecoin\u2019s previous sharp correction, a significant $380 million in liquidity had become trapped around the $0.50 mark. Historically, he noted, periods of aggressive short accumulation followed by long accumulation phases have often preceded strong upward moves for DOGE.<\/p>\n<p>He also turned attention to the DOGE\/BTC trading pair, which is currently hovering near a critical support level reminiscent of its position just before the explosive 2021 rally. According to Wedson, if this level holds, Dogecoin could start drawing more attention than Bitcoin itself\u2014just as it did in past hype cycles.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/eu-eyes-defi-rules-without-defining-what-it-is\/\" title=\"EU Eyes DeFi Rules Without Defining What It Is\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-eu-europe-253311_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">EU Eyes DeFi Rules Without Defining What It Is<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Broadening the view to the memecoin sector as a whole, Wedson highlighted early signs of recovery in the Memecoin Index, a metric tracking the performance of 16 leading tokens in the category. After a prolonged downturn, the index is beginning to show bullish momentum\u2014another hint that sentiment may be shifting in favor of speculative assets like Dogecoin.<\/p>\n<p>Still, Wedson emphasized that while the overall market cap for memecoins is significantly larger than in previous years, key metrics like open interest and trading volume remain subdued. Current open interest stands at just $3.2 billion, with daily volume across the sector at about $12 billion\u2014far below Bitcoin or Ethereum levels.<\/p>\n<p>Whether Dogecoin is truly on the verge of a comeback remains to be seen, but Wedson\u2019s analysis offers an intriguing case for a potential shift in the memecoin narrative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Joao Wedson has sparked renewed interest in Dogecoin with a fresh analysis suggesting the popular memecoin could be gearing up for another major move.<\/p>\n","protected":false},"author":3,"featured_media":81052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-159348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is 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Wedson has sparked renewed interest in Dogecoin with a fresh analysis suggesting the popular memecoin could be gearing up for another major move.\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-08T12:00:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/photo_2023-05-30_16-26-14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" 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