Key Insights

• The Dogecoin price broke out of a descending wedge at $0.232, signaling a potential bullish trend toward $0.31.
• DOGE trading volume surged 56.58% in 24 hours, hitting $3.13B, reflecting strong market activity.
• Liquidations topped $7M on April 23 and May 9 as short positions were wiped out during DOGE price spikes.

Dogecoin (DOGE) shows signs of a bullish breakout as it moves past a descending wedge pattern. The price recently crossed the $0.232 level, indicating a potential short-term upward trend. Current trading activity reflects a possible target of $0.31 based on technical indicators. Rising volume, increasing trader activity, and momentum-driven liquidations support a view of growing volatility in the DOGE market.

Dogecoin Price Breaks Above Descending Wedge Pattern

On the 1-hour chart from Binance, Dogecoin formed a descending wedge, often seen as a bullish reversal pattern. The price recently broke out from this wedge around the $0.232 level. This breakout came after a period of consolidation marked by lower highs and higher lows. The breakout may suggest a move toward higher Fibonacci levels.

Technical analysis shows Fibonacci retracement levels at $0.259, $0.294, and $0.314. If bullish momentum continues, these levels are being watched as potential resistance targets. The current price action of nearly $0.240 shows early signs of strength, supported by increased market volume.

Traders are now monitoring volume closely to confirm the breakout. If volume remains strong, DOGE may continue to move upward. However, if the breakout fails, support may be retested at $0.217 or even $0.206. The market remains volatile, and traders are advised to manage risk based on chart signals.

Liquidation Data Shows Rising Market Activity

Data from Coinglass reveals increasing DOGE liquidations in both long and short positions over recent weeks. Between mid-April and May 21, DOGE price stayed between approximately $0.13 and $0.26. Short sellers faced significant losses on April 23 and May 9. These liquidation events exceeded $7 million and coincided with price surges.

On May 19, a large liquidation occurred, reflecting a sharp price drop. This event suggests a temporary shakeout of bullish positions. Large liquidations on both sides point to high volatility in the market. Traders are reacting to quick price swings, which have increased recently.

Such data indicates uncertainty in the market, but it also shows heightened interest in DOGE. The frequent shifts between long and short liquidations suggest traders struggle to find direction. When combined with increasing volume, these liquidations may support larger upcoming price movements.

Market Metrics Reflect Strong Buying Interest

According to CoinMarketCap, DOGE is trading at $0.2395 with a 5.22% gain in the past 24 hours. Its market capitalization is now $35.77 billion, ranking it the eighth-largest cryptocurrency. The trading volume in the past 24 hours increased by 56.58%, reaching $3.13 billion. The volume-to-market cap ratio is 8.76%, reflecting active trading and liquidity.

The total and circulating supply of DOGE is 149.36 billion, with no fixed maximum supply. This inflationary supply model has not slowed recent interest in the asset. The price dipped to around $0.225 earlier but rebounded quickly to above $0.24. This rebound, supported by volume, shows strong intraday interest from buyers.

The upward move and rising volume suggest that investors are entering the market again. If this buying interest holds, the price may test upper resistance levels. Traders continue to monitor both volume and order book activity for short-term direction.

Monthly Chart Indicates Upward Momentum on the Dogecoin Price

According to the monthly chart on Coinbase, DOGE has risen by 39.80% this month and is valued at around $0.24077. At one point in the month, the price reached $0.25971; the lowest was $0.16420. Bollinger Bands and the Super Trend indicator indicate a more positive market view.

The price climbed above the middle Bollinger Band, a sign that the market may be about to break its consolidation and go up. The Super Trend exhibits support above $0.17100 and offers resistance around $0.35404. Such a difference indicates a chance for significant price changes ahead.

The MACD is showing a bullish crossover at the moment. Currently, the MACD line is 0.02832, the signal line is 0.02317, and positive bars are found on the histogram. This situation shows that things are gaining momentum. Traders are holding back until the monthly candle finishes to confirm the trend.

DOGE is starting to rise, according to the monthly chart. As the volume aligns with the trend, the above $0.25 and $0.31 levels could be checked for support. More long-term traders might use these levels as points in their decision-making.

Key Insights

• Sei price prediction eyes $0.34 as price holds rising channel structure.
• SEI/USD trades at $0.2454 and may reach $0.34 if rising price channel holds.
• Sei Giga upgrade boosts speed to 200K TPS, driving new user and developer activity.

Sei price prediction gained momentum as SEI/USD moved steadily within a rising parallel channel. At the same time, Sei topped EVM-compatible chains in address growth, with 1.6 million active addresses and a 101% surge in user activity. These factors, combined with protocol upgrades, are fueling bullish sentiment around SEI.

The token traded at $0.2454 during writing and may reach $0.34 if the current structure holds. Technical indicators and on-chain growth are reinforcing this outlook.

Sei Leads in Active Address Growth as Activity Surges

Sei has the greatest number of active address changes among all EVM-compatible chains, according to new data on the blockchain.

At present, there are 1,688,653 active addresses on the network and the number increased by 101% during the observed period. As a result, Sei is now ahead of Polygon, Ethereum and Ronin in terms of percentage growth.

Polygon and Ethereum are the top two, with 2.22 million and 2.25 million addresses each. Still, Sei’s quicker development reflects more people using the network and putting extra demand on it.

Other major players, Viction and Gravity, experienced high growth rates too, but their volumes were much lower than those of Sei.

Sei Giga and DeFi Ecosystem Drive Network Expansion

The rise in activity is partly due to the recent introduction of Sei Giga. The new version of the protocol launched the first EVM Layer 1 that uses parallel processing and Autobahn BFT consensus, with multiple proposers.

Sei Labs claims that Sei Giga can perform 5 gigagas of transactions each second, which is about 200,000 transactions per second.

Sei is now 50 times faster than it was in the previous version, Sei v2. It also provides a 400-millisecond block finality which helps make perpetuals and AMMs function more efficiently.

Consequently, Sei is drawing interest from both developers and traders who want faster completion of their transactions.

Moreover, TVL has experienced the same trend. Sei’s total value locked (TVL) is reported by DeFiLlama to be $527.93 million, which is 3.1% lower than the past day.

The company earns $8,110 a day from apps and $167 from chain sales. TVL is still very high, indicating that the ecosystem is being used and adopted more widely.

The trading of SEI futures has led to greater activity in the funding rates on most exchanges. According to Coinglass, after a period of negative funding rates on Binance and other exchanges from February to mid-April, May saw the rates become more positive.

It seems that traders are increasing their long interest, as they are willing to pay more to hold SEI positions, which have risen from $0.13 to $0.24.

SEI/USD Chart Structure Aligns With Bullish Sei Price Prediction

According to the SEI/USD 4-hour chart, the token is moving inside a rising parallel channel. As of writing, SEI is trading at $0.2454.

Since early April, the structure has stayed the same and if the channel holds, the next short-term goal is $0.3440 due to resistance at the upper trendline.

The market is considered overbought because the Stochastic Oscillator is above 97. However, it is showing strength because green bars are visible on the Awesome Oscillator. There has been little change in volume over the past week, which points to steady accumulation.

Fundamentals Could Set Stage for All-Time High Revisit

Sei reached its all-time high around $1.30. While current price action remains far from that peak, the combination of bullish on-chain metrics, consistent trading patterns, and upgraded network performance is renewing talk of an eventual breakout.

Open interest and funding rate trends show increasing trader conviction. As DeFi activity rises and new users join the network, SEI may attract more institutional and retail attention.

For now, the market remains focused on whether the rising channel will deliver a breakout toward the projected $0.34 zone. If so, the sei price prediction narrative could expand beyond short-term resistance and open room for retesting longer-term highs.

Key Insights

• $TRUMP coin gains traction with a high-stakes political dinner event.
• Meme coins surge as Bitcoin tops $111K, led by PEPE and Solana-based tokens.
• Dogecoin charts a breakout pattern with a target price near $0.31.

With the crypto market on a strong upswing, meme coins like Trump memecoin are attracting investors more because of huge gains. Rising Bitcoin and Ethereum prices have encouraged more investors to explore altcoins, with meme coins leading the way.

Meme Coins Surge as Crypto Sentiment Turns Positive

Notably, meme coins have experienced a surge in both value and trading lately. After Bitcoin reached $111,000 and the market became bullish, DOGE, PEPE, WIF, FLOKI, and BONK gained more than 10% in less than a day.

Over 24 hours, PEPE coin saw an 11.6% increase in its price and reached its highest ever trading volume of $2.3 billion. At the same time, WIF and BONK, meme coins connected to Solana, have seen more activity because of the increase in DeFi use on Solana.

The price increase is due to investors seeking out assets with a potential for big gains. Dogecoin, the original meme coin launched in 2013, has also shown strong signs of recovery.

Analyst Ali Martinez pointed out that it broke a bull pennant pattern, with predictions for a rally to $0.31. This represents a gain of almost 29% from the current price of $0.24.

Additionally, the volume of long positions in DOGE has grown substantially. Binance noted that the ratio of long to short positions among the top traders is 3.7.

Celebrity-Driven Meme Coins and the $TRUMP Coin Phenomenon

Adding to the meme coin buzz is the emergence of the $TRUMP coin, a politically themed meme coin. After being launched on Solana, the token caught attention when it was used as a pass to an exclusive dinner with Trump.

To attend the event held in his private club, investors had to swap $TRUMP tokens, and the top 25 spent a combined $111 million. Altogether, traders shifted more than $148 million in $TRUMP coin to join the dinner, making the event a record-breaking moment for meme coins.

However, many began to criticize this trend. Some were worried about how it opened political access to money from abroad and about whether it was ethical.

Despite the debates, the success of TRUMP showed that meme coins often rise based on popular culture, key personalities, and trending moments. Consequently, they offer both investment and regulatory challenges.

Meme Coins Ride High on Community Hype and Viral Trends

More so, the rally happening now points out that meme coins grow stronger when investors are feeling more optimistic. Their value is not typically tied to strong fundamentals or utility.

It is rather tied to community engagement, meme culture, and attention on platforms like X (formerly Twitter) and Telegram.

Besides, the current surge in interest in crypto is bigger than it has ever been before. While the 2021 bull market only had fast blockchains, this year’s rise of meme coins is backed by Solana and stronger overall crypto liquidity.

On-chain data showed that many new wallets are interacting with meme coins as their first crypto purchase. This suggests that they are still a key gateway for retail investors entering the market.

Caution Ahead Despite Gains in Meme Coins

While the sharp gains of meme coins are enticing, analysts caution against overexposure. These tokens are highly volatile and can experience rapid price changes. Their value often fluctuates due to influencer endorsements, social media trends, or coordinated group trades.

The lack of clear regulation and susceptibility to pump-and-dump schemes add risk. Notably, Institutional investors have largely stayed away from meme coins, preferring assets with clearer regulatory paths.

However, some retail traders see them as an opportunity for outsized returns during bull markets. For now, meme coins continue to dominate headlines, but investors advice approaching them with the same skepticism as any speculative asset.