Bull Market

Dogecoin

Shiba Inu

<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/dogecoin-price-prediction-doge-price-to-hit-1-if-this-happens/">Dogecoin Price Prediction: DOGE Price to Hit $1 If This Happens</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In recent market trends, Dogecoin (DOGE) may be on the cusp of initiating a new bull run, aiming for the elusive $1 mark. Despite the ongoing bear market for this iconic meme cryptocurrency, some indicators suggest a potential upswing during the forthcoming altcoin season.&nbsp;</p> 
<p>DOGE price prediction in the market is uncertain due to the meme coin’s weak foundation. Even in its worst period, the dog-themed coin might soar in altcoin season. However, years of deep revisions raise questions like “Is Dogecoin dead?” Will Dogecoin rise? Dogecoin investment: good? Or will Dogecoin recover? Let’s examine the analyst prognosis for Dogecoin to dispel such fears.</p> 
<h2 class="wp-block-heading" id="strong-doge-to-reach-1-strong"><strong>DOGE to Reach $1?&nbsp;</strong></h2> 
<p>Crypto analyst and trader <a href="https://x.com/ali_charts/status/1712916304850493469?s=20">Ali Martinez</a> has shared insights into DOGE’s future price performance. According to Martinez, DOGE is currently completing a multi-year Descending Triangle pattern. If DOGE breaks free from this pattern and records a weekly candle close above the $0.0835 level, it might kickstart a fresh bull run, aiming to reach $1.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is approaching the apex of this multi-year descending triangle formation. <br><br>A weekly candlestick close above $0.0835 could trigger the beginning of a new <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> bull run, potentially toward $1. Yet, we must watch out for the $0.0482 support, as any sign of weakness… <a href="https://t.co/Emcwfyv6cE">pic.twitter.com/Emcwfyv6cE</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1712916304850493469?ref_src=twsrc%5Etfw">October 13, 2023</a>
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<p>He further shared his take on the future potential Dogecoin price performance. The expert believes the original canine cryptocurrency based on Shiba Inu memes may rise to as high as $1. The analyst stated that at the moment, DOGE is finishing its multi-year Descending Triangle pattern. BASED ON ALI’S X POST, once DOGE breaks out of it, it may begin rising, triggering a new bull run.</p> 
<h2 class="wp-block-heading" id="strong-how-and-when-doge-to-hit-new-ath-strong"><strong>How and When DOGE to Hit New ATH?&nbsp;</strong></h2> 
<p>The potential for Dogecoin (DOGE) to hit $1 hinges on a crucial threshold. If the weekly DOGE candle closes above the $0.0835 mark, it could herald the beginning of a new bullish surge, setting the stage for a push toward the long-awaited $1 milestone. However, caution is advised, with analysts emphasizing vigilance around the $0.0482 support level. Any signs of weakness at this point could precipitate a new yearly low.</p> 
<p>As of the latest update, DOGE is valued at $0.0586. This reflects an 8.46% drop from its October 2nd price of $0.0640. Encouragingly, Dogecoin has exhibited resilience, with a 2.31% gain over the past two days, indicating ongoing efforts at recovery. These fluctuations underscore the dynamic nature of the crypto market, where potential highs and lows are constantly in play.</p> 
<h2 class="wp-block-heading" id="h-don-t-fall-for-the-bull-market-trap"><strong>Don’t Fall for the Bull Market Trap.&nbsp;</strong></h2> 
<p>While Ali is optimistic about a bull run, Dogecoin developer @mishaboar delivers a sobering message to the crypto community: beware of the hype around impending bull markets. He labels crypto speculation as gambling, whether in Bitcoin or DOGE, and criticizes the market for being sentiment-driven. </p> 
<p>He added that crypto is a decentralized currency while promoting coding knowledge for a deeper understanding of economics and centralization risks. His warning challenges crypto enthusiasts to adopt a more informed and cautious approach in the face of market volatility.</p>

Dogecoin Price Prediction: DOGE Price to Hit $1 If This Happens

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