Is Dogecoin's Consolidation About to End? Is a Parabolic Rise or Plunge Next?
As the market rebounds from recent lows, Dogecoin (DOGE) is attempting to turn key areas back into support. Some analysts suggest that the cryptocurrency may be replaying its past trends, which could lead to significant volatility in the coming months. Dogecoin Reemerges in Parabolic Climb The largest market cap meme coin Dogecoin has been trading between $0.119 and $0.151 over the past month, reaching a one-month high of $0.156 during the rally in early January. Dogecoin retested the range low over the weekend, bouncing back 5% after finding support in the key $0.119-$0.120 region, close to current levels. The cryptocurrency is currently trying to return to the $0.1250 area to continue its rebound.
Why do BTC and ETH fall into turbulence again after the collapse of interest rate cut expectations? Key variables are approaching!
As of January 29, 2026, at 14:00, both Bitcoin (BTC) and Ethereum (ETH), the two major mainstream cryptocurrencies, have shown a pattern of rising and then falling, fluctuating downwards. After experiencing two rounds of ups and downs last night, Bitcoin is currently hovering around $88,200; Ethereum's movement basically follows Bitcoin's, failing to form an independent trend, with a current price of about $2,950.
Summary and outlook of macro news (1) Main bearish factors The Federal Reserve's hawkish stance suppresses market sentiment. In the early hours of January 28, the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate in the range of 3.5%-3.75% and did not signal any interest rate cuts, leading to a failure of the market's previous expectations for easing policies. This statement directly suppressed the willingness to allocate risk assets, and with cryptocurrencies being highly volatile, the momentum for capital inflows has noticeably weakened.
ADA has performed relatively weakly in this cycle, with the peak only reaching 40% of the previous cycle's high, and the price has already approached the previous cycle's low in the early stages of this bear market. Therefore, it is highly likely that the bottom of this bear market will be lower than the bottom of the previous bear market.
ADA may continue to decline along the cyclical channel shown in the chart and may test the lower edge of the channel when Bitcoin finds its bottom at the end of this year, with a target range possibly between 0.08 and 0.1.
Dogecoin price faces further decline, on-chain indicators issue warnings against buying?
Dogecoin has dropped by 0.27% in the past 24 hours, with a trading price of about $0.1219 at the time of writing. On-chain data shows that Dogecoin investors should exercise caution before building positions.
Historical context reveals the risks of entering the market too early. The last major recession in October 2023 caused profitability indicators to drop to 44.88%, far below current levels. This gap indicates that the market has not yet reached a true collapse point. The 'Coin Days Destroyed' (CDD) indicator adds a layer of concern for potential buyers. This indicator tracks the movement of tokens held for the long term, revealing when seasoned holders sell their positions. In June 2023, the CDD indicator saw a significant spike, coinciding with the bear market's low point. Current data shows that no similar selling events have occurred in this bear market cycle.
Cryptocurrency Market Showdown: Waiting for Two Macro 'Thunderclaps', Bitcoin Faces Ultimate Test at $90,000!
The cryptocurrency market faces a decisive battle today, with Bitcoin gathering strength before the $90,000 threshold. Global investors are holding their breath for the Federal Reserve's policy statement and former President Trump's public speech, as these two events are seen as key variables that could ignite the market. On January 28th in Beijing time, the volatility of the cryptocurrency market has dropped to an unusually low level, with Bitcoin's price narrowly consolidating around $89,000, while Ethereum barely maintains above the important psychological barrier of $3,000. Beneath the surface calm of the market, a storm driven by macro news is brewing.
Overall Market Situation: Sector Rotation in Low Volume Consolidation
Spot gold completed its rebound repair yesterday, with prices oscillating around 5080. This morning, the market experienced sudden volatility, triggered by Trump's 'yo-yo' remarks regarding the dollar, along with traders closely monitoring signals of potential joint intervention in the foreign exchange market by the US and Japan, which directly caused the dollar index to plummet significantly, briefly falling to a nearly four-year low of 95.51. #币圈
Intensifying Bull-Bear Battle in the Digital Asset Market: Bitcoin Stuck at $90,000, Is Safe-Haven Capital Flow Worth Watching?
The digital asset market has recently shown a fierce tug-of-war between bulls and bears, with Bitcoin continuing to fluctuate around the critical level of $90,000. As of the morning of January 27, its price has repeatedly consolidated within the range of $88,828 to $86,996, currently reported near $88,500; Ethereum, on the other hand, is operating within a narrow range of $2,875 to $2,949, still unable to effectively break above the psychological level of $3,000. Against the backdrop of rising global risk aversion, cryptocurrency assets are undergoing severe tests. In the past week, Bitcoin-related funds recorded an outflow of over $1.3 billion, while during the same period, the price of gold broke through $5,000 per ounce, setting a historical high. The divergence in capital flows has prompted the market to reassess the safe-haven properties of digital assets.
The reason why SOL fell so deeply in the last bear market was largely due to the FTX collapse leading to a mispricing; otherwise, it probably would not have broken through support area 1.
Although the peak of this bear market is only slightly higher than the peak of the last bull market, it is highly likely that this bear market will not retrace as deeply.
First, this time around, SOL will not be mispriced like it was during the FTX collapse. Secondly, Solana has already shed the negative reputation of being a "downtime chain" through technical upgrades; Finally, the Solana ecosystem has made significant progress in this bull market, even overshadowing Ethereum.
Therefore, it is unlikely that SOL will break through support area 2.
The probability of the bear market bottom being between 20-30 is quite high. #币圈
After the fluctuation range is broken, BTC and ETH are at a crossroads for directional choice!
Bitcoin maintained a sideways consolidation in the 90000–89000 range over the weekend, with price fluctuations relatively converging and market trading sentiment being cautious. However, last night the bearish forces significantly strengthened, and the price broke down through the key position of 88000, and at one point quickly dipped to around 86000 before stabilizing. Subsequently, low-level buying entered, and the price rebounded, having already returned above 87000 in the early session.
The trend of Ethereum is basically synchronized with Bitcoin but relatively weaker. During the weekend, ETH fluctuated around the 2950 line, failing to form an effective upward attack. Last night, the price broke below the 2900 support, and the downward pace accelerated, reaching a low of around 2780, followed by a technical rebound, and currently rebounding to around 2870.
First Death Cross in 2026 Signals Bearish Momentum?
Dogecoin has formed a bearish death cross on its four-hour chart, marking the first occurrence since 2026. This phenomenon suggests that as this popular meme cryptocurrency struggles to navigate a turbulent market environment, its price may face downward pressure. When the 50-period moving average crosses below the 200-period moving average on the four-hour chart, a death cross pattern occurs. This pattern forms after the convergence of the two indicators, confirming a bearish signal. Technical analysts often view the death cross as an indicator of momentum shifting towards selling pressure.
According to the analysis of the Rider algorithm, Cardano is currently trapped in a deep red zone. While some believe this is a solid bottom, Trend Rider believes it is a highly pressured and weak area where prices often consolidate for long periods, causing traders to fall into unproductive sideways trading.
Rider emphasizes that attempting to catch a bottom is almost impossible to succeed; it often results in either failing to take over or funds stagnating while other assets show more apparent upward momentum. Therefore, Rider's focus is not on buying at the lowest price, but on waiting for confirmation signals of a strong market return, as the key lies not in support levels but in breakouts.
Trend Rider expects Cardano to exhibit strong recovery ability, breaking free from its current predicament. Specifically, this analyst is closely watching whether Cardano can achieve a decisive breakout and ultimately close above $0.45. Until then, bears still control the market structure. Currently, Rider's strategy is to enter when prices are higher and momentum is confirmed, rather than betting on the so-called 'perfect bottom' and hoping it can hold. Now, the key to trading is timing, not seizing opportunities prematurely.
Tariff bearishness lifted, yet cryptocurrency prices weakened: Why is Bitcoin facing resistance at 90,000 and the rebound so feeble?
On January 23, Bitcoin and Ethereum's trends significantly diverged from the macro optimistic sentiment, showing a weak adjustment pattern. Bitcoin briefly rebounded to $90,335 in the evening but was subsequently hindered and fell back, hitting a low of $88,515, before entering a narrow consolidation around $89,500. It is currently trading at around $89,600. Ethereum performed even more weakly, with a rebound ending at $3,008, gradually falling to $2,907, and is now under pressure below $2,950.
This adjustment clearly reflects: As Trump lifted the tariff threat against Europe, the geopolitical tensions eased, and some short-term funds flowed out of the crypto market. Meanwhile, prices stagnated below the key technical resistance areas—Bitcoin $90,500-$91,000 and Ethereum $3,000-$3,050—indicating insufficient underlying buying momentum in the market, with the overall structure still in a weak state.
Solana price fluctuates within familiar ranges. As of the time of writing, the price of Solana (SOL) continues to fluctuate within a clearly defined range, with buyers consistently holding the demand area of $120-$125. Each time it drops below this area, a quick response is triggered to prevent the price from falling further. However, attempts to rise around $146 to $150 have repeatedly failed, aligning with the upper boundary of the consolidation range. Each rebound to this level loses momentum, forcing the price back down to near the midpoint of the range. The $135 area has played a role as a short-term pivot in recent trading, oscillating between support and resistance levels. Therefore, market volatility continues to be suppressed. The price of Solana is thus trapped between $120 and $150, reflecting that the market is in a state of balance rather than being directionally controlled.
As the daily RSI indicator has retreated from a recent high close to 70 down to around 40, market momentum continues to weaken. As of the time of writing, the RSI indicator is hovering around 43.8, confirming that upward pressure is easing but has not issued an oversold signal. This trend is crucial as the RSI indicator is still well above the threshold of 30, indicating that selling pressure is not dominant. However, the RSI indicator also struggles to return to the midpoint of 50, which limits the upward momentum during the consolidation phase. When the RSI flattens, it reflects price compression rather than trend acceleration. Therefore, momentum indicates that the market is softening rather than collapsing, and buyers will continue to enter to prevent momentum from deteriorating further.
Longs 'bloodbath'! Dogecoin liquidated $1.2 million in 4 hours, extremely oversold but hard to say rebound?
Dogecoin faced a severe liquidation event, with traders losing over $1.2 million in just four hours. As the overall digital asset market sharply declined, this meme cryptocurrency's liquidation imbalance rate reached 2563%.
Data from CoinGlass shows that long traders suffered the largest losses. This cryptocurrency dropped from an intraday high of $0.1263 to $0.1216 in just a few hours. The increasingly tense geopolitical situation has prompted investors to transfer funds from digital assets to traditional safe-haven assets like gold. Dogecoin's current trading price is $0.1260, having increased by 2.02% in the past 24 hours. Trading volume grew by 23.04%, reaching $1.3 billion, indicating that despite the price drop, market interest remains strong.
Geopolitical risks temporarily ease, market welcomes a breather: But this is not the beginning of a reversal, BTC and ETH key level battles intensify!
The recent market can be described as a 'roller coaster'. In the past few days, the geopolitical dispute over Greenland between the US and Europe, combined with risks related to Japanese government bonds, has caused global market risk appetite to plummet, with crypto assets being hit first, experiencing continuous downward pressure and a tense sentiment.
The turning point appeared last night. With Trump publicly stating that he would not impose taxes on Europe regarding the Greenland issue, market worries about an escalation of the trade war have clearly eased, allowing risk assets to breathe a sigh of relief for the first time in a while, and the crypto market has also stabilized. Morning Overview: Geopolitical turning point brings rebound, but wounds remain