Cardano

Dogecoin

Dogecoin could be gearing up for another rally toward $0.1 according to one crypto analyst. The analysis puts the meme coin in a unique position for a breakout after some indicators have lined up in favor of a sustained recovery. 
<h2 class="p2" id="dogecoin-50-day-ema-lines-up">Dogecoin 50-Day EMA Lines Up</h2> 
Crypto analyst Alan Santana put forward another bullish analysis for the <a href="https://bitcoinist.com/dogecoin-2200-buy-doge/">Dogecoin price</a>. The forecast hinges on the 50-day exponential moving average (EMA) of <a href="https://bitcoinist.com/x-plans-to-launch-payments-service-in-2024/">DOGE</a> which has turned bullish after a long stretch of bearishness. Thus resistance has been a bone of contention between bulls and bears but finally, it has rested in the favor of the bulls. 
The chart is compared to that of <a href="https://bitcoinist.com/cardano-ada-price-30/">Cardano</a> which recently broke out of a months-long consolidation. Santana explains from here that after a new daily high, all price retracements and swings will stay above the 50-day exponential moving average. 
From here, there are three target prices outlined in the chart. The first price target sits at the $0.03 mark, constituting a 19.46% increase from the current price level. Then comes the next price target placed at the $0.09449 level. This second level translates to a 34.74% price increase. 
<img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/i/A4qfTESG/" alt="Dogecoin price chart from Tradingview.com" width="3084" height="1794"> 
The very last price target for Dogecoin as revealed by the crypto analyst is the ever-elusive $0.1 mark. While being the highest, it translates to a 44.27% increase. This would inadvertently mark the start of another bull market for the DOGE price, especially if the EMA50 continues to hold. 
<h2 class="p2" id="doge-bullishness-goes-round">DOGE Bullishness Goes Round</h2> 
Santana’s forecast for Dogecoin is bullish but it is not the most bullish prediction for the meme coin. Another analyst has also <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-meteoric-37500-26/" rel="nofollow noopener" target="_blank">said that the meme coin is very bullish</a>, putting it at a $26 price target in the next bull run. This would constitute a 37,500% rally, one that would rival its legendary 2021 rally. 
Another crypto analyst Ali Martinez has also <a href="https://bitcoinist.com/dogecoin-2200-buy-doge/">shared</a> a very bullish outlook for Dogecoin. According to Martinez, the price of Dogecoin could surge past $1.6 soon. The forecast stems from the fact that the TD Sequential indicator had flashed bullish and saw confirmation of a buy signal. 
Another analyst also <a href="https://bitcoinist.com/dogecoin-price-prediction-24000-16/">puts the price at double-digit</a>, gunning for the $14 mark with Dogecoin. This 27,500% rally saw the $0.0588 level placed at the bottom and from where the price rally would begin. And interestingly, this point has held with <a href="https://bitcoinist.com/x-plans-to-launch-payments-service-in-2024/">Dogecoin maintaining momentum</a> above $0.067. 
The <a href="https://bitcoinist.com/dogecoin-price-forecast-can-doge-breach-0-1/">DOGE price</a> is, however, not having the best day given that its price is down 2.77% in the last day. It has also fallen to the 9th spot on the list of largest cryptocurrencies, with Cardano (ADA) taking the 8th spot. 
<img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/V9bczKTY/" alt="Dogecoin price chart from Tradingview.com" width="2650" height="1758">

Dogecoin Primed For Breakout: Three Targets To Put Price Above $0.1

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