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Bitcoin Bitcoin (BTC) $118,991.20 ↑ 0.73%
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XRP XRP (XRP) $3.26 ↑ 2.34%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.04%
BNB BNB (BNB) $855.76 ↑ 7.41%
Solana Solana (SOL) $191.92 ↑ 2.53%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.28%
TRON TRON (TRX) $0.32 ↑ 0.24%
Cardano Cardano (ADA) $0.84 ↑ 1.66%
Hyperliquid Hyperliquid (HYPE) $44.26 ↑ 2.52%
Sui Sui (SUI) $4.25 ↑ 0.66%
Stellar Stellar (XLM) $0.44 ↑ 0.40%
Chainlink Chainlink (LINK) $19.24 ↑ 2.54%
Hedera Hedera (HBAR) $0.28 ↓ -0.49%
Bitcoin Cash Bitcoin Cash (BCH) $578.71 ↓ -0.87%
Avalanche Avalanche (AVAX) $26.60 ↑ 6.23%
Litecoin Litecoin (LTC) $114.51 ↑ 0.24%
Toncoin Toncoin (TON) $3.42 ↑ 2.92%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.79%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.11%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.03%
Uniswap Uniswap (UNI) $11.04 ↑ 4.54%
Polkadot Polkadot (DOT) $4.26 ↑ 2.45%
Monero Monero (XMR) $325.64 ↓ -0.47%
Bitget Token Bitget Token (BGB) $4.67 ↑ 1.95%
Pepe Pepe (PEPE) $0.00 ↑ 2.98%
Dai Dai (DAI) $1.00 ↓ -0.02%
Cronos Cronos (CRO) $0.15 ↑ 4.38%
Aave Aave (AAVE) $305.42 ↑ 3.16%
Ethena Ethena (ENA) $0.69 ↑ 13.39%
Bittensor Bittensor (TAO) $430.77 ↑ 0.50%
NEAR Protocol NEAR Protocol (NEAR) $2.99 ↑ 2.83%
Ethereum Classic Ethereum Classic (ETC) $23.31 ↑ 2.12%
Pi Pi (PI) $0.45 ↑ 1.00%
Ondo Ondo (ONDO) $1.06 ↑ 0.74%
Internet Computer Internet Computer (ICP) $5.96 ↑ 4.52%
Aptos Aptos (APT) $4.96 ↑ 2.94%
OKB OKB (OKB) $49.34 ↑ 2.53%
Kaspa Kaspa (KAS) $0.10 ↑ 4.39%
Bonk Bonk (BONK) $0.00 ↓ -2.54%
Mantle Mantle (MNT) $0.82 ↑ 1.12%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 1.68%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.63%
Algorand Algorand (ALGO) $0.28 ↓ -0.24%
Arbitrum Arbitrum (ARB) $0.47 ↑ 4.02%
Render Render (RENDER) $4.37 ↑ 2.81%
VeChain VeChain (VET) $0.03 ↑ 1.46%
GateToken GateToken (GT) $18.33 ↑ 2.79%
Worldcoin Worldcoin (WLD) $1.23 ↑ 5.27%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
SPX6900 SPX6900 (SPX) $2.25 ↑ 13.82%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.36 ↑ 1.94%
Sky Sky (SKY) $0.10 ↑ 0.58%
Sei Sei (SEI) $0.35 ↑ 2.63%
Cosmos Cosmos (ATOM) $4.89 ↑ 2.04%
Filecoin Filecoin (FIL) $2.78 ↑ 3.24%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.78 ↑ 5.83%
Jupiter Jupiter (JUP) $0.61 ↑ 6.45%
Flare Flare (FLR) $0.03 ↑ 2.51%
Story Story (IP) $5.82 ↑ 6.24%
Injective Injective (INJ) $16.08 ↑ 5.82%
Quant Quant (QNT) $129.84 ↑ 2.66%
Celestia Celestia (TIA) $2.07 ↑ 6.02%
XDC Network XDC Network (XDC) $0.09 ↑ 1.59%
KuCoin Token KuCoin Token (KCS) $11.58 ↑ 0.69%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
Optimism Optimism (OP) $0.81 ↑ 11.08%
Curve DAO Token Curve DAO Token (CRV) $1.03 ↓ -5.89%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.13%
Stacks Stacks (STX) $0.85 ↑ 4.59%
Four Four (FORM) $3.47 ↑ 2.24%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.69%
PancakeSwap PancakeSwap (CAKE) $3.26 ↑ 15.00%
Immutable Immutable (IMX) $0.61 ↑ 1.60%
dogwifhat dogwifhat (WIF) $1.14 ↑ 5.62%
Ethereum Name Service Ethereum Name Service (ENS) $31.00 ↑ 2.25%
The Graph The Graph (GRT) $0.11 ↑ 4.23%
Lido DAO Lido DAO (LDO) $1.17 ↑ 7.53%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 0.76%
Kaia Kaia (KAIA) $0.17 ↑ 0.87%
Sonic Sonic (S) $0.34 ↑ 0.99%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -2.51%
Conflux Conflux (CFX) $0.19 ↑ 1.48%
Tezos Tezos (XTZ) $0.91 ↑ 2.55%
PAX Gold PAX Gold (PAXG) $3,345.10 ↓ -0.34%
Theta Network Theta Network (THETA) $0.94 ↑ 4.48%
Vaulta Vaulta (A) $0.58 ↑ 0.52%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ 0.00%
Raydium Raydium (RAY) $3.35 ↑ 8.41%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.39%
IOTA IOTA (IOTA) $0.22 ↓ -0.39%
Nexo Nexo (NEXO) $1.33 ↑ 1.71%
Gala Gala (GALA) $0.02 ↑ 3.48%
Tether Gold Tether Gold (XAUt) $3,341.35 ↓ -0.16%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.76%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 6.02%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.90%
Pendle Pendle (PENDLE) $4.66 ↑ 6.04%
Jito Jito (JTO) $2.07 ↑ 3.60%
Bitcoin Bitcoin (BTC) $118,991.20 ↑ 0.73%
Ethereum Ethereum (ETH) $3,896.08 ↑ 3.17%
XRP XRP (XRP) $3.26 ↑ 2.34%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.04%
BNB BNB (BNB) $855.76 ↑ 7.41%
Solana Solana (SOL) $191.92 ↑ 2.53%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.28%
TRON TRON (TRX) $0.32 ↑ 0.24%
Cardano Cardano (ADA) $0.84 ↑ 1.66%
Hyperliquid Hyperliquid (HYPE) $44.26 ↑ 2.52%
Sui Sui (SUI) $4.25 ↑ 0.66%
Stellar Stellar (XLM) $0.44 ↑ 0.40%
Chainlink Chainlink (LINK) $19.24 ↑ 2.54%
Hedera Hedera (HBAR) $0.28 ↓ -0.49%
Bitcoin Cash Bitcoin Cash (BCH) $578.71 ↓ -0.87%
Avalanche Avalanche (AVAX) $26.60 ↑ 6.23%
Litecoin Litecoin (LTC) $114.51 ↑ 0.24%
Toncoin Toncoin (TON) $3.42 ↑ 2.92%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.79%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.11%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.03%
Uniswap Uniswap (UNI) $11.04 ↑ 4.54%
Polkadot Polkadot (DOT) $4.26 ↑ 2.45%
Monero Monero (XMR) $325.64 ↓ -0.47%
Bitget Token Bitget Token (BGB) $4.67 ↑ 1.95%
Pepe Pepe (PEPE) $0.00 ↑ 2.98%
Dai Dai (DAI) $1.00 ↓ -0.02%
Cronos Cronos (CRO) $0.15 ↑ 4.38%
Aave Aave (AAVE) $305.42 ↑ 3.16%
Ethena Ethena (ENA) $0.69 ↑ 13.39%
Bittensor Bittensor (TAO) $430.77 ↑ 0.50%
NEAR Protocol NEAR Protocol (NEAR) $2.99 ↑ 2.83%
Ethereum Classic Ethereum Classic (ETC) $23.31 ↑ 2.12%
Pi Pi (PI) $0.45 ↑ 1.00%
Ondo Ondo (ONDO) $1.06 ↑ 0.74%
Internet Computer Internet Computer (ICP) $5.96 ↑ 4.52%
Aptos Aptos (APT) $4.96 ↑ 2.94%
OKB OKB (OKB) $49.34 ↑ 2.53%
Kaspa Kaspa (KAS) $0.10 ↑ 4.39%
Bonk Bonk (BONK) $0.00 ↓ -2.54%
Mantle Mantle (MNT) $0.82 ↑ 1.12%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 1.68%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.63%
Algorand Algorand (ALGO) $0.28 ↓ -0.24%
Arbitrum Arbitrum (ARB) $0.47 ↑ 4.02%
Render Render (RENDER) $4.37 ↑ 2.81%
VeChain VeChain (VET) $0.03 ↑ 1.46%
GateToken GateToken (GT) $18.33 ↑ 2.79%
Worldcoin Worldcoin (WLD) $1.23 ↑ 5.27%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
SPX6900 SPX6900 (SPX) $2.25 ↑ 13.82%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.36 ↑ 1.94%
Sky Sky (SKY) $0.10 ↑ 0.58%
Sei Sei (SEI) $0.35 ↑ 2.63%
Cosmos Cosmos (ATOM) $4.89 ↑ 2.04%
Filecoin Filecoin (FIL) $2.78 ↑ 3.24%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.78 ↑ 5.83%
Jupiter Jupiter (JUP) $0.61 ↑ 6.45%
Flare Flare (FLR) $0.03 ↑ 2.51%
Story Story (IP) $5.82 ↑ 6.24%
Injective Injective (INJ) $16.08 ↑ 5.82%
Quant Quant (QNT) $129.84 ↑ 2.66%
Celestia Celestia (TIA) $2.07 ↑ 6.02%
XDC Network XDC Network (XDC) $0.09 ↑ 1.59%
KuCoin Token KuCoin Token (KCS) $11.58 ↑ 0.69%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
Optimism Optimism (OP) $0.81 ↑ 11.08%
Curve DAO Token Curve DAO Token (CRV) $1.03 ↓ -5.89%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.13%
Stacks Stacks (STX) $0.85 ↑ 4.59%
Four Four (FORM) $3.47 ↑ 2.24%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.69%
PancakeSwap PancakeSwap (CAKE) $3.26 ↑ 15.00%
Immutable Immutable (IMX) $0.61 ↑ 1.60%
dogwifhat dogwifhat (WIF) $1.14 ↑ 5.62%
Ethereum Name Service Ethereum Name Service (ENS) $31.00 ↑ 2.25%
The Graph The Graph (GRT) $0.11 ↑ 4.23%
Lido DAO Lido DAO (LDO) $1.17 ↑ 7.53%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 0.76%
Kaia Kaia (KAIA) $0.17 ↑ 0.87%
Sonic Sonic (S) $0.34 ↑ 0.99%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -2.51%
Conflux Conflux (CFX) $0.19 ↑ 1.48%
Tezos Tezos (XTZ) $0.91 ↑ 2.55%
PAX Gold PAX Gold (PAXG) $3,345.10 ↓ -0.34%
Theta Network Theta Network (THETA) $0.94 ↑ 4.48%
Vaulta Vaulta (A) $0.58 ↑ 0.52%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ 0.00%
Raydium Raydium (RAY) $3.35 ↑ 8.41%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.39%
IOTA IOTA (IOTA) $0.22 ↓ -0.39%
Nexo Nexo (NEXO) $1.33 ↑ 1.71%
Gala Gala (GALA) $0.02 ↑ 3.48%
Tether Gold Tether Gold (XAUt) $3,341.35 ↓ -0.16%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.76%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 6.02%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.90%
Pendle Pendle (PENDLE) $4.66 ↑ 6.04%
Jito Jito (JTO) $2.07 ↑ 3.60%
Home News

Peter Brandt Sees Bitcoin Flashbacks in Dogecoin Charts—Is a Rally on the Horizon?

Victor by Victor
14 November 2024
in News, Cryptocurrency
Reading Time: 4 mins read
0
Peter Brandt Sees Bitcoin Flashbacks in Dogecoin Charts—Is a Rally on the Horizon?

Peter Brandt Sees Bitcoin Flashbacks in Dogecoin Charts—Is a Rally on the Horizon?

On Wednesday, veteran trader and chart analyst Peter Brandt shared on social media platform X what he sees as a potential similarity between Dogecoin’s (DOGE) recent price behaviour and Bitcoin’s (BTC) patterns back in 2015-2016.

photo 2024 10 21 08 49 01

Table of Contents

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    • YOU MAY BE INTERESTED
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    • Bonk Sees Solana Surge, Notcoin Game Adds Users, and MoonBull Whitelist Marks the Next Big Crypto Trend
  • Peter Brandt Expresses Enthusiasm on Dogecoin Chart Pattern
  • DOGE Jumps Toward Three-Year High After Trump Announcement
  • How Memecoins Indicate Retail Investors Activity

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According to Brandt, DOGE’s chart displays familiar technical patterns like a “blow-off top,” where a rapid price spike is quickly followed by a steep drop, along with a correction moving into a falling wedge, a double bottom, and a complex corrective phase. Brandt suggests that DOGE’s current stage could mirror where Bitcoin was in May 2016—possibly hinting at an upcoming trend reversal. 

He said: DOGE is at life cycle where BTC was in May 2016. It was the chart in Spring 2016 that first turned me onto bitcoin and I bought my first coin.

Peter Brandt Expresses Enthusiasm on Dogecoin Chart Pattern

In a recent post, he shared his excitement over dogecoin’s price movement, calling it a prime example of classic charting techniques in action and noting how well DOGE has aligned with these principles.  

Just last week, Brandt showed further optimism for dogecoin, predicting a major rally. He attributed this forecast to a strong technical signal and the influence of Elon Musk. Pointing to a “channel breakout” in DOGE’s chart, Brandt hinted that this pattern might signal new highs in the near future.

He also stressed Musk’s ongoing support as a significant boost to DOGE’s potential, summing it up with, “In Musk we Trust.”

Peter Brandt Sees Bitcoin Flashbacks in Dogecoin Charts—Is a Rally on the Horizon?
DOGE Daily Chart

DOGE Jumps Toward Three-Year High After Trump Announcement

Dogecoin jumped on Tuesday night, riding a wave of excitement after President-elect Donald Trump unveiled plans to establish a new Department of Government Efficiency. In his announcement, Trump referred to it as “DOGE,” sparking a rally in the popular cryptocurrency.

Trump’s statement revealed that Tesla CEO Elon Musk and Vivek Ramaswamy, former GOP presidential candidate and co-founder of Strive Asset Management, will lead the department. According to Trump, their mission is to “dismantle Government Bureaucracy, cut down on excessive regulations, slash wasteful spending, and streamline Federal Agencies.”

Following the news, Dogecoin surged nearly 20% before pulling back slightly. It has been a standout in the postelection rally, soaring 153% since Election Day, while Bitcoin saw a more modest 30% rise. The latest rally also pushed Dogecoin past XRP, making it the sixth-largest cryptocurrency by market cap.

How Memecoins Indicate Retail Investors Activity

Memecoins often reflect how much risk retail investors are willing to take on in the crypto market. When interest in these coins rises, it typically signals that everyday investors are ready to make bolder bets.

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Back in September, Trump suggested creating a commission focused on efficiency. Since then, Musk—who once called himself the “Dogefather” and is known for his market-moving comments on memecoins—has taken to his platform, X, to rename this proposed group the “Department of Government Efficiency” or “D.O.G.E.”

Peter Brandt Sees Bitcoin Flashbacks in Dogecoin Charts—Is a Rally on the Horizon?

Dogecoin gained traction in 2021 largely due to Musk’s steady promotion on social media. His support drove the coin to new heights, with his May posts helping Dogecoin soar to a record 67 cents, according to Coin Metrics. But his “Saturday Night Live” appearance, where he called it “a hustle,” caused its price to tumble soon after.

Currently, the broader crypto market has slowed from its postelection surge. Bitcoin is steady at around $87,000, after briefly touching $90,000 in late-afternoon trades. Meanwhile, crypto stocks like Coinbase and MicroStrategy are down slightly, slipping by 1% and 2% in after-hours trading.

In short, veteran trader Peter Brandt sees Dogecoin’s current price movements mirroring Bitcoin’s patterns from 2015-2016—a classic case for chart watchers. He notes technical signs like a “blow-off top” and a complex correction, suggesting a potential alignment.

Dogecoin’s latest spike, fueled by President-elect Trump’s mention of a “Department of Government Efficiency” (DOGE), shows how meme coins like Dogecoin capture the thrill-seeking spirit of retail investors. With growing excitement, Dogecoin continues to reflect speculative interest, signalling shifts in the broader crypto landscape.

For more information on how the US election impacts the economy, follow TurkishNY Radio on Tumblr, Telegram, and LinkedIn. 

Tags: DOGEdogecoinelon muskmemecoins
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