Dogecoin DOGE/USD opens the week down 6% after falling 17% over the past seven days, with traders expressing only moderate optimism for its future.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin DOGE/USD | $0.3175 | $46.9 billion | -6.2% | -17.5% |
| Shiba Inu SHIB/USD | $0.00002017 | $11.9 billion | -7.1% | -16% |
| Pepe PEPE/USD | $0.00001616 | $6.8 billion | -9.1% | -21.9% |
Trader Notes: Crypto trader Cephii observed the performance of Dogecoin compared to Solana SOL/USD, call it’s the “coin against the chain of infinite coins”.
He argues that Dogecoin could be the best buy from the fragmented liquidity of Layer-1, Layer-2 and even coins.
Altcoin Sherpa suggests that Dogecoin could offer “decent” upside when altcoins rebound, but is skeptical about leading the market like it did in November 2024.
He calls it a “good buy,” but advises traders to remain patient.
Trader Tardigrade emphasizes bullish signals for Dogecoin, citing fractal patterns and RSI alignment as signs of an impending rally.
He urges patience, saying the coin could generate strong returns in the near future.
Statistics: Whale alert datain an article on X on January 10, approximately 112.7 million DOGE, worth $37.99 million, was transferred from an unknown wallet to Coinbase.
Ali Martinez, Crypto Charts Analyst highlighted Saturday on X that whales purchased 470 million DOGE in the last 24 hours.
Data from Coinglass shows that DOGE Derivates trading volume soared 62.6% to $5 billion in the last 24 hours, while liquidations totaled $15.88 million, including 13 million dollars in long liquidations.
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