Cryptocurrency

Bitcoin

Dogecoin

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 <p class="paragraph">As the <a rel="noopener noreferrer nofollow" title="major" href="https://thebittimes.com/tag/major.html">major</a>ity of assets in the cryptocurrency sector are back to trading in the green, Dogecoin (DOGE) is facing a <a rel="noopener noreferrer nofollow" title="major" href="https://thebittimes.com/tag/major.html">major</a> obstacle to bullish continuation, but if it manages to <a rel="noopener noreferrer nofollow" title="overcome" href="https://thebittimes.com/tag/overcome.html">overcome</a> it, the famous dog-themed meme digital asset might <a rel="noopener noreferrer nofollow" title="double" href="https://thebittimes.com/tag/double.html">double</a> its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p>
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 <p class="paragraph">Specifically, this major hurdle for Dogecoin currently stands at $0.087, marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week exponential moving averages (EMAs), as observed by the crypto analyst Ali Martinez on November 28.</p>
 <p class="paragraph">According to the renowned crypto trading expert, the ninth-largest cryptocurrency by market capitalization “breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14,” as illustrated in the chart pattern analysis.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/_lh5z5qZB2JY6iRPSLgSklcMKBi58Gph1SnB50BuQtz25zC1M9HXHaXPAUZoc0ldbewoiaKLS3BJhXxdkfHcOsM54FjyB-VOzVTxFC3k0BAWGbvGsCpwallLjvB60HnjFQC117X-5soZ91-z9gRS0So" alt width="834" height="445">
  <figcaption class="wp-element-caption"><em>Dogecoin price action analysis. Source: </em><em>Ali Martinez</em>
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 <p class="paragraph">Meanwhile, Dogecoin has recently also recorded a massive milestone of 5 million DOGE addresses with a balance, coinciding with a remarkable surge in Dogecoin’s daily user activity, which saw 168,500 active addresses in one day, the highest engagement in 20 months, as Finbold reported on November 28.</p>
 <h2 class="wp-block-heading" id="h-doge-price-analysis">DOGE price analysis</h2>
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 <p class="paragraph">At press time, this crypto asset is trading at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.0827, which represents a 5.87% gain in the last 24 hours, in addition to advancing 11.02% across the previous seven days and increasing its value by 18.97% on its monthly chart, according to the latest data retrieved on November 29.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/8YWmNlptJPPWNm6ySDkCsb28NFEDwCSGISvCJzlqhTeu63MO06rUMETelbmNEX62QheX6fW0ECs5pL5dBvAFBvT1-Xgxyf25FR55GozsqZ4sNgIy4cd7b2PRU80h7NRTscO7dOZzrehMoStN4Tw3Fhc" alt>
  <figcaption class="wp-element-caption"><em>DOGE 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Martinez’s predictions might indeed come true, considering that DOGE is getting very close to the major resistance he described above, particularly in combination with the massive interest from crypto traders and investors indicated in the address activity.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><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/doge-could-double-its-price-if-it-overcomes-this-major-hurdle-tbt72059.html">https://thebittimes.com/doge-could-double-its-price-if-it-overcomes-this-major-hurdle-tbt72059.html</a></p>

DOGE could ‘double its price’ if it overcomes this major hurdle

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