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<img width="1920" height="1080" src="https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1.jpg" class="attachment-full size-full wp-post-image" alt="Dogecoin Price Skyrockets Ahead Of DOGE's 10th Anniversary, What's Next?" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1.jpg 1920w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-1536x864.jpg 1536w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-sw-1920x1080-1-150x84.jpg 150w" sizes="(max-width: 1920px) 100vw, 1920px">
Dogecoin, the no.1 meme coin is going to complete its 10th anniversary on December 6. The meme coin has completed a decade since its launch in 2013. To celebrate the milestone, the Dogecoin community has organized a party event in virtual space. 
Amid all this, the <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">Dogecoin price</a> surged immensely breaking the $0.08 resistance finally to move towards the $0.12 mark. At the press time, Dogecoin price was trading at $0.10 with a 24-hour trading volume of $2.4 billion. This marks a 15.53% increase in the previous 24 hours and a 25.85% increase in the last 7 days. 
<h2 id="dogecoin-price-targeting-a-10-rise">Dogecoin Price Targeting a 10% Rise</h2> 
Historically, between December 6-7 mostly Dogecoin price has plunged. However, the current scenario is different. The crypto market is fuelling by an astounding rise in Bitcoin’s value taking other <a href="https://coingape.com/glossary/altcoins/" target="_blank" rel="noopener">altcoins</a> along with the <a href="https://coingape.com/glossary/bull-market/">bull market</a>. 
The social trend plays an important role in deciding DOGE prices. The increasing Dogecoin’s social trend also suggests that people might enter the market to make a profit. 
Dogecoin (DOGE) has recently broken the rising megaphone chart pattern from the top, surpassing the significant $0.1 resistance after 8 months. The previous resistance, now acting as support at $0.08, witnessed substantial trading volume, surpassing that of many other altcoins. Notably, the 50-day moving average is positioned at $0.06, significantly below the current trading price. 
The 14-day <a href="https://coingape.com/glossary/rsi-relative-strength-index/" target="_blank" rel="noopener">Relative Strength Index (RSI)</a> at 79 indicates an overbought condition, suggesting a potential impending correction. The current surge driven by events may lead to a subsequent slump as the impact fades. Short sellers may enter the market, inducing sell pressure that could potentially drive the price below $0.09. 
Also Read:&nbsp;<a href="https://coingape.com/breaking-societe-generale-launches-euro-stablecoin-for-mass-crypto-trading/" target="_blank" rel="noopener">Societe Generale Launches Euro Stablecoin For Mass Crypto Trading</a> 
<h2 id="doge-network-activity-surges">DOGE Network Activity Surges</h2> 
In Q4 2023, Dogecoin maintains its dominance in the mega-cap memecoin sector, leading the month-on-month price performance. The surge in DOGE’s daily transactions emerges as a key catalyst for the latest price upswing, as reported by on-chain data tracker IntoTheBlock. 
Despite concerns of an imminent price correction sparked by a sharp reduction in DOGE transactions from 1.7 million to 525,830 between Nov 28 and Dec 2, the Dogecoin network has experienced a remarkable revival amidst the broader crypto market rally this week. 
Following a brief dip to 525,830 on Dec 2, DOGE transactions have surged by nearly 300%, crossing the 1.46 million mark on Dec 4. The increased activity underscores Dogecoin’s resilience and its capacity to rebound in response to market dynamics. 
Also Read:&nbsp;<a href="https://coingape.com/whales-reallocate-over-83-mln-xrp-as-price-plummets-below/" target="_blank" rel="noopener">XRP News: Whales Reallocate Over 83 Mln XRP As Price Plummets Below $0.62</a> 
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Dogecoin Price Skyrockets Ahead Of DOGE’s 10th Anniversary, What’s Next?

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