Can DOGE Hit $1.60 by 2026? The Wild Ride Continues! 🤪🚀

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Key takeaways (or as I like to call them, the “What The Heck?” moments):

  • Onchain data shows short-term holders are scrambling to accumulate like they’re in a clearance sale! 🛒

  • Technical patterns are doing the cha-cha, mirroring past Dogecoin bull cycles, hinting we could be dancing our way to a breakout phase of $1.60 by Q1, 2026! 💃🎉

Well folks, grab your helmets because Dogecoin (DOGE) took a nosedive on Oct. 10 like my uncle at a buffet – prices dropped from $0.25 to an embarrassing $0.08 in a sudden 66% flash crash! 🚀💥 But don’t worry, like a good sitcom, it bounced back to $0.20 faster than you can say, “Where’s my wallet?” Unfortunately, over $365 million in long positions were wiped out. Ouch! That’s four times the previous yearly high of $89 million in liquidations! Talk about a tough crowd! 😱

Now, hold onto your hats because onchain data suggests DOGE’s long-term fundamentals are more resilient than a cockroach after a nuclear war! 💪 Alphractal CEO Joao Wedson exclaimed that DOGE hasn’t even hit “euphoria” yet. Short-term holders are stacking up like they’re preparing for a zombie apocalypse! 🧟‍♂️ Joao also shrunk my hopes to mush when he mentioned DOGE reached its cycle top in December 2024, right at the CVDD Alpha metric, which sounds super techy and important. Who knew numbers could be so riveting? What’s next, a thrilling documentary? 🎬

Despite the weak 2024 top, Wedson is claiming that every DOGE top since 2016 has been captured by this model. If only my dating life could be so predictable! 😂

Recent Hodl Waves data indicates that a growing chunk of the DOGE supply is in the hands of investors with the attention span of a gnat-up to six months coin age! This is usually a sign of fresh speculative inflows, which usually means “Let’s gamble!” because as we all know, what could possibly go wrong? 🎲😜 Supportively, the MVRV Z-Score is still a far cry from the euphoric highs of 2021, suggesting we’re still in the “early bird” phase of an expansion. Get your umbrellas ready in case it rains money! ☔💵

Meanwhile, CryptoQuant’s data is showing retail positioning is as neutral as a Swiss diplomat-no signs of crazed speculation here! The current environment is like a Goldilocks situation where accumulation outweighs hype. But don’t fall asleep at the wheel yet, people! 😴

Now, don’t fret because this phase often leads to broader retail inflows. That means DOGE could be gearing up for a brand new rally that could take it to infinity and beyond before it peeks-much like my cousin’s quest for the perfect selfie angle. 📸🍾

Could Uncertainty Be a Bullish Signal for DOGE? 🤔

While sentiment around DOGE seems as cautious as a cat in a room full of rocking chairs after the flash crash, don’t lose hope because this very uncertainty has often been a bullish signal! And who would have thought? History is full of surprises! 🎩✨

Crypto trader EtherNasyonal spotted a pattern: every significant DOGE rally in history ignited after creeping above the 25-day moving average, breaking a long-term falling trend, and sneaking into a re-test phase. Sounds like the plot of a low-budget action flick, right? 🦸‍♂️ All these conditions are currently in place, and it seems DOGE typically goes on major runs when everyone else is doubting it. Talk about the underdog story! 🐶🌟

Similarly, market analyst Trader Tardigrade said that DOGE’s current structure is throwing it back to the 2014-2017 bull cycle. Can you say “deja vu”? Bring it on, 2026! Let’s target that juicy $1.60!💰🎈

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2025-10-15 19:55