Cryptocurrency

Bitcoin

Dogecoin

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 <p class="paragraph">Dogecoin (DOGE), the popular meme-inspired cryptocurrency, has found itself confined to a narrow trading range recently, with its price struggling to make a noteworthy breakthrough beyond the $0.06 mark for the past two months.</p>
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 <p class="paragraph">This stagnation coincides with the ongoing uncertainty prevailing in the broader cryptocurrency market and a notable decline in Dogecoin’s daily transaction volume, underscoring waning network activity.&nbsp;</p>
 <p class="paragraph">However, on Friday, October 13, crypto analyst Ali Martinez delivered a dose of optimism to the Dogecoin community, with his latest <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> suggesting positive signals on the meme coin’s price chart.</p>
 <p class="paragraph">Notably, Martinez, better known as <em>ali_charts</em> on X.com, pointed out that Dogecoin is “approaching the apex” of a “multi-year descending triangle formation.”</p>
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 <p class="paragraph">As such, if the meme coin secures a weekly close above the $0.0835 mark, it could “trigger the beginning of a new DOGE bull run, potentially toward $1,” the cryptocurrency <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> highlighted.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/gvhKRDLrjsyeFxYuCwo4qNpRpDQJzSkmcDtQUsDhdPKxSSZOjiLROCp9guUz1bDdwleCD2meibiPOLK49y474_cvFeOQ27soyK12mbO9jsVQmgod-NyT_7ZDGjJOSSlItLCTQeilhuffrnsHwS1zEBY" alt>
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   DOGE reaching the apex of a descending triangle pattern. Source: Ali Martinez
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 <p class="paragraph">On the downside, investors should keep a close eye on the support located at $0.0482 as declining below this level could pave the way for a fresh yearly low, Martinez added.&nbsp;</p>
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  <p class="paragraph">“Yet, we must watch out for the $0.0482 support, as any sign of weakness around this level could lead to a new yearly low.”</p> <cite>– Martinez added. </cite>
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 <h2 class="wp-block-heading" id="h-doge-price-analysis">DOGE price analysis</h2>
 <p class="paragraph">At press time on October 16, Dogecoin was sitting at $0.06011, up 1.42% in the past 24 hours.</p>
 <p class="paragraph">Over the past week, the world’s biggest meme crypto asset rose around 2%, though its performance on the monthly chart stands at a negative 3.8%.&nbsp;</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/ikXWXQTvUQzLa_eplwphJOCsIEBgucwd8925F7IKGOnf1R3XTgrj34gDeDzzlK_9Ws7CFUFf-VdFRbaQWj_OXM1C72cJ_I6ESF5njlakh9JxQdo2Rm3EISO-Tj7aDQl3qVGLyK8ch6nPD2uwTlGCUew" alt>
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   DOGE 1-month price chart. Source: Finbold
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 <p class="paragraph">During this 30-day period, DOGE moved in a limited trading range of $0.057 to $0.064, recording just 13 green trading days over that run. Additionally, its price is currently trading below the 200-day moving average (MA).</p>
 <p class="paragraph">On a positive note, the cryptocurrency’s 30-day volatility sits at 2.18% and its 1-year price performance is still better than 70% of the top 100 crypto assets.&nbsp;</p>
 <p class="paragraph"><em>Disclaimer:</em><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/price-prediction-for-doge-as-expert-hints-at-bull-run-toward-1-tbt66538.html">https://thebittimes.com/price-prediction-for-doge-as-expert-hints-at-bull-run-toward-1-tbt66538.html</a></p>

Price prediction for DOGE as expert hints at ‘bull run toward $1’

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