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<img width="1200" height="681" src="https://coingape.com/wp-content/uploads/2023/11/5D1nPJhV-e1699359020696.png" class="attachment-full size-full wp-post-image" alt="DOGE price" decoding="async" style="float:right; margin:0 0 10px 10px;">
<p><span style="font-weight: 400;">Dogecoin Price Prediction: In the span of the last three weeks, the DOGE price has seen a <a href="https://coingape.com/dogecoin-price-prediction-as-devs-gear-up-for-major-network-upgrade-breakout-to-0-1-imminent/">commendable recovery</a>, climbing from $0.0573 to $0.073, which translates to a 27.62% increase. The daily chart suggests this uptick is part of the formation of a <a href="https://coingape.com/glossary/double-bottom-pattern/">double-bottom pattern</a>, a bullish reversal configuration that often indicates rising buying pressure and can precede significant upward price movements. Is this the right time to buy based on this pattern?</span></p> 
<p>Also Read: <a href="https://coingape.com/bitcoin-btc-price-consolidates-as-analyst-predicts-next-stop/">Bitcoin (BTC) Price Consolidates as Analyst Predicts Next Stop</a></p> 
<h2 id="b-will-doge-price-regain-0-1-in-november-b"><b>Will DOGE Price Regain $0.1 in November?</b></h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The double bottom pattern sets the Doge rally to $0.011 when projecting a potential gain of 50%.</span></li> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The memecoin price is trading above the daily EMAs(20, 50, 100, and 200) the market sentiment is currently bullish</span></li> 
 <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The 24-hour trading volume in Dogecoin is $909 Million, indicating an 89% gain.</span></li> 
</ul> 
<p><span style="font-weight: 400;"><img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/5/5D1nPJhV.png" alt="Dogecoin Price Prediction" width="1946" height="1104">Source-Tradingview&nbsp;</span></p> 
<p><span style="font-weight: 400;">Amid the widespread uncertainty in the crypto market, the <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> recovery halted at $0.07 wavering in a sideways action. Despite the turbulence, the resurgence of interest in altcoins has seen the DOGE price continue its recovery this week, reinforcing the formation of the double-bottom pattern.</span></p> 
<blockquote>
 <p><span style="font-weight: 400;">According to this technical formation, this <a href="https://coingape.com/meme-coin/">memecoin</a> could experience an additional 14% increase, aiming for the neckline resistance at $0.083. A successful breach of this resistance could significantly amplify the bullish trend and solidify the foundation for a prolonged recovery phase.&nbsp;</span></p>
</blockquote> 
<p><span style="font-weight: 400;">The price target emerging from the double bottom pattern suggests a rally potentially reaching as high as the $0.11 level, mirroring the distance between the support base and the neckline.</span></p> 
<p><span style="font-weight: 400;">Nevertheless, it’s important to note that the confluence of the neckline with a long-standing declining resistance trendline could present a substantial challenge, threatening to uphold the existing bearish trend.</span></p> 
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     <span class="d-flex " id="live-price-data-fix"> <a href="https://coingape.com/price/converter/doge-to-usd/?amount=1" class="pr-0 align-items-center fw7 d-flex f16"><img src="https://static.coinpaprika.com/coin/doge-dogecoin/logo.png" class="maincoinimgdat mr-2" width="25px">1 DOGE to USD </a> <span class="ml-1 mr-1"> = </span> <span class="currentPrice  f15 fw6">$0.0739888</span></span> <span class="down-prices d-on price-indicator fw7 f14"> -1.21% <span class="fw5 f13 text-dark"> (24h)</span> </span> 
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<h2 id="strong-doge-vs-shib-performance-strong"><strong>DOGE vs SHIB Performance</strong></h2> 
<p><img decoding="async" class="aligncenter size-full wp-image-163629" src="https://coingape.com/wp-content/uploads/2023/11/image_2023-11-07_17-20-21-e1699358834576.png" alt="Doge Vs SHIB" width="1200" height="675">Source: Coingape| Dogecoin Vs Shiba Inu Price</p> 
<p><span style="font-weight: 400;">Looking at the past three months, both the Dog-themed memecoin Shiba Inu and Dogecoin have reaped the benefits of the October surge. Yet, a detailed analysis of their market performance reveals that <a href="https://coingape.com/price/shiba-inu/">Shiba Inu price</a> has been markedly more volatile, with pronounced price fluctuations. Consequently, more cautious traders might find Dogecoin more appealing given its relative stability and the potential for sustained upward momentum.</span></p> 
<ul> 
 <li aria-level="1"><b>Relative Strength Index: </b><span style="font-weight: 400;">The <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> slope below 60% suggests that while there is buyer interest, there is a lack of aggressive momentum for sustained upward progress.</span></li> 
 <li aria-level="1"><b>Exponential Moving Averages: </b><span style="font-weight: 400;">The 20-and-200-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMAs</a> are on the verge of a bullish crossover that could fortify buyer confidence and support the continuation of the recovery trend.</span></li> 
</ul> 
<p>The post <a rel="nofollow" href="https://coingape.com/markets/dogecoin-price-prediction-bullish-pattern-sets-recovery-0-1/">Dogecoin Price Prediction: Bullish Pattern Sets Recovery Beyond $0.1, But There’s a Catch</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

Dogecoin Price Prediction: Bullish Pattern Sets Recovery Beyond $0.1, But There’s a Catch

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