{"id":628047,"date":"2025-02-19T13:53:53","date_gmt":"2025-02-19T13:53:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=628047"},"modified":"2025-02-19T13:53:53","modified_gmt":"2025-02-19T13:53:53","slug":"dogecoin-price-prediction-as-elon-musk-proposes-a-5000-doge-dividend-for-taxpayers-traders-flock-to-this-ico-offering-free-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-as-elon-musk-proposes-a-5000-doge-dividend-for-taxpayers-traders-flock-to-this-ico-offering-free-bitcoin","title":{"rendered":"Dogecoin Price Prediction: As Elon Musk Proposes A $5,000 \u201cDOGE Dividend\u201d For Taxpayers, Traders Flock To This ICO Offering Free Bitcoin"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Dogecoin price climbed over 1% in the last 24 hours to trade at $0.2532 as of 03:28 a.m. EST on trading volume that plunged 6% to $1.3 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This slight uptick in the DOGE price comes as the Department of Government Efficiency (DOGE) head, Elon Musk, said on X that he would ask President Donald Trump about a proposal for a &ldquo;DOGE Dividend&rdquo; that would give taxpayers a refund check of $5,000 funded by the savings from DOGE.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Will check with the President<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1891967592048611532?ref_src=twsrc%5Etfw\">February 18, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Dogecoin Price Analysis: Key Support Holding &ndash; Is A Rebound Coming?<\/h2>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">DOGE price<\/span><span style=\"font-weight: 400\"> <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\">experienced<\/a> a significant parabolic rally in late 2024, with prices surging from below $0.10 to nearly $0.45. However, after reaching this peak, DOGE entered a distribution phase, where price consolidation took place before eventually breaking down.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The chart shows a clear support zone (purple box) around $0.30, which previously acted as a strong demand zone, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xce6160bb594fc055c943f59de92cee30b8c6b32c\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> data.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this support was broken, leading to a deeper correction towards the 200-day Simple Moving Average (SMA) at $0.2361. Currently, the Dogecoin price is hovering just above this long-term support, indicating that it could act as a key decision point for the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 50-day SMA (white line) at $0.3191 is above the current price, acting as a dynamic resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The orange resistance line ($0.45) marks the previous peak, and for the price of Dogecoin to resume its bullish momentum, it would need to reclaim this level. Until then, the market remains in a corrective phase with downside pressure still in play.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Relative Strength Index (RSI) stands at 36.88, indicating that DOGE is approaching oversold conditions. If the RSI drops below 30, it would suggest extreme bearish sentiment, potentially leading to a short-term bounce.<\/span><\/p>\n<figure id=\"attachment_628048\" aria-describedby=\"caption-attachment-628048\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-628048\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19.png\" alt=\"Dogecoin Price Chart Analysis. Source: GeckoTerminal\" width=\"1637\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19-768x312.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DOGE_2025-02-19_11-28-19-1536x625.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-628048\" class=\"wp-caption-text\">Dogecoin Price Chart Analysis. Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>DOGE Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">DOGE is currently in a retracement phase, testing a key support zone around the 200-day SMA. If buyers step in at this level, the Dogecoin price could see a short-term bounce toward $0.30 &ndash; $0.32, where the 50-day SMA and former support now act as resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the $0.2360 support fails, DOGE could decline further, with the next major support around $0.20. For a full bullish reversal, the price of DOGE must reclaim the support of the $0.30 &ndash; $0.33 range, breaking back above the previous consolidation zone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are piling into a new Bitcoin-themed meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTC Bull Token (BTCBULL)<\/span><\/a><span style=\"font-weight: 400\"> that will give free Bitcoin to token holders. 99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n<p><iframe title=\"This Brand New Meme Coin Could Make Us Rich As Bitcoin Rises! Huge 10x Potential?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/J89DrxgxC2U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>BTC Bull Token Presale Closing In On The $3 Million Mark<\/h2>\n<p><span style=\"font-weight: 400\">Investors are pouring into the BTC Bull Token presale at a record rate, with over $2.3 million raised in a week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTC Bull Token vows to help fire the Bitcoin price to beyond $1 million, while paying BTC rewards to investors at every key milestone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you hold BTCBULL tokens in Best Wallet, you&rsquo;ll earn BTC airdrops when Bitcoin&rsquo;s price reaches $150,000 and $200,000 for the first time.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; $BTCBULL is Live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/BTCBULL_TOKEN?ref_src=twsrc%5Etfw\">@BTCBULL_TOKEN<\/a> is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.<\/p>\n<p>With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.&hellip; <a href=\"https:\/\/t.co\/BMzBHcLltU\">pic.twitter.com\/BMzBHcLltU<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1888934061848334357?ref_src=twsrc%5Etfw\">February 10, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, a huge BTCBULL token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the Community Sale purchase amount.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Between each significant Bitcoin price milestone and subsequent BTC airdrops, there will also be BTCBULL token burns.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTCBULL token holders also have an opportunity to earn passively through the project&rsquo;s staking platform, which offers a massive 184% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00237 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy BTCBULL here before a price hike in 21 hours to secure the best deal.<\/span><\/a><\/p>\n<h3>Related News:<\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/michael-saylors-strategy-to-raise-another-2-billion-to-buy-more-bitcoin\"><span style=\"font-weight: 400\">Michael Saylor&rsquo;s Strategy To Raise Another $2 Billion To Buy More Bitcoin<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/most-trending-cryptocurrencies-on-polygon-amber-soul-stone-gains-network-mylovelycoin\"><span style=\"font-weight: 400\">Most Trending Cryptocurrencies on Polygon<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/trending-coins-on-geckoterminal-wall-street-pepe-ski-mask-dog-pi-network-ai\"><span style=\"font-weight: 400\">Trending Coins on GeckoTerminal &ndash; Wall Street Pepe, SKI MASK DOG, Pi Network AI<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":628055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-628047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin Price Up 1% As This ICO Offers Fee Bitcoin<\/title>\n<meta name=\"description\" content=\"The Dogecoin price jumped 1% after Elon Musk proposes a $5,000 &quot;DOGE Dividend&quot; as traders rush to this ICO offering free Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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