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<img width="1200" height="681" src="https://coingape.com/wp-content/uploads/2023/11/TxInHWaI-e1700226272681.png" class="attachment-full size-full wp-post-image" alt="Doge price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Dogecoin Price Prediction: Bucking the trend of a broader market retracement, the DOGE price has exhibited a remarkable recovery, consistently climbing over the last three days. This surge, amounting to a 20% increase to reach a $0.087 peak, appears to be spurred by the exhilarating news of a physical <a href="https://coingape.com/astrobotic-to-send-dogecoin-to-the-moon-this-december-doge-price-to-rally/">Dogecoin mission to the Earth’s moon</a>. could this momentum fuel this memecoin’s ascent past the $0.01 threshold? 
Also Read: <a href="https://coingape.com/dogecoin-price-spikes-amid-astrobotics-launch-while-hbar-follows/">Why Dogecoin &amp; HBAR Are Rising Amid Crypto Market Downturn?</a> 
<h2 id="b-bullish-pattern-hints-rally-to-0-11-b">Bullish Pattern Hints Rally to $0.11</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Dogecoin price rising for 5 consecutive weeks with a substantial increase in volume indicates sustained momentum,</li> 
 <li style="font-weight: 400;" aria-level="1">The 20-day EMA slope is offering dynamic support to rising prices</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in Dogecoin is $1.9 Million, indicating an 87% gain.</li> 
</ul> 
<img decoding="async" src="https://s3.tradingview.com/snapshots/t/TxInHWaI.png" alt="TradingView Chart">Source-Tradingview&nbsp; 
Over the past 30 days, the <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> has traveled a sustained recovery, rising from the $0.057 level to a current trading price of $0.082, registering a gain of 45%. Amid this rally, the coin price witnessed two pullbacks indicating the buyers are managing to absorb the overhead selling pressure and make a strong strikeback. 
The Daily time frame Chart reveals that this rally is contributing to the formation of a bullish ‘<a href="https://coingape.com/glossary/double-bottom-pattern/">Double Bottom</a>‘ reversal pattern. Just today, the DOGE price surged by 10%, approaching the pattern’s neckline, potentially catalyzing this bullish formation. 
A daily close above $0.083 could convert this resistance level into a support platform, potentially paving the way for a 32% surge to the dual resistance at $0.11, marked by a downtrend line. This dynamic resistance has been a critical factor in the correction phase; thus, breaching it could signal a significant trend reversal. 
<h2 id="b-healthy-retracement-sets-higher-recovery-b">Healthy Retracement Sets Higher Recovery</h2> 
While an upward trajectory for the DOGE price seems probable, intermittent pullbacks might occur, serving to consolidate the bullish momentum. Historical data suggests these corrections align well with the 50% <a href="https://coingape.com/glossary/fibonacci-retracement/">Fibonacci retracement level</a>, an indicator of a robust pullback. Consequently, investors might consider the 50% or 38.2% Fibonacci levels as strategic points for setting stop-loss orders or reassessing their positions 
<ul> 
 <li aria-level="1">Stochastic Oscillator: Rising slopes in the %K and %D lines signal active bullish momentum, reinforcing the positive trend.</li> 
 <li aria-level="1">Exponential Moving Average: A ‘golden crossover’ between the 50-day and 200-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMAs</a> could strengthen buyer confidence, fueling the ongoing recovery.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/dogecoin-price-prediction-why-doge-recovery-is-set-to-32/">Dogecoin Price Prediction: Why $DOGE Recovery is Set to Extend 32%</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: Why $DOGE Recovery is Set to Extend 32%

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