Rally

Dogecoin

Resistance

<img width="1200" height="681" src="https://cdn.coingape.com/wp-content/uploads/2023/12/10185528/Q9YEGPtH-e1702214750450.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:&nbsp;&nbsp;After overcoming the long-term correction phase for the entirety of 2023, <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> took a trend-reversal action with the October rally. Giving an overhead resistance trendline breakout in the weekly chart with the Uptober rally, the meme coin started a bullish frenzy. Starting the uptrend at $0.059 the buyers help DOGE leap off to the $0.10 psychological mark.&nbsp; 
With the momentum growing stronger, the DOGE price accounts for a 67% jump in the last eight weeks and approaches the next resistance at the $0.11 psychological zone. Will the dog-themed coin shoot past the resistance, or is a reversal looming at the corner? 
Also Read: <a href="https://coingape.com/dogecoin-doge-price-soars-vitalik-buterin-wants-twitter-switzerland/">Dogecoin (DOGE) Price Soars 10%, Vitalik Buterin Wants Twitter HQ In Switzerland</a> 
<h2 id="b-is-doge-heading-to-0-12-b">Is DOGE Heading to $0.12?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The DOGE price trend shows seven bullish candles in the last eight weeks, resulting in the ongoing breakout rally.</li> 
 <li style="font-weight: 400;" aria-level="1">The reversal rally surpasses the 200-week EMA and supports the bullish crossover with the 50-week EMA.</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in Dogecoin is $846 Million, indicating a 31% loss.</li> 
</ul> 
<img decoding="async" src="https://s3.tradingview.com/snapshots/q/Q9YEGPtH.png" alt="TradingView Chart"> 
In the last two months, the Dogecoin price has found an <a href="https://coingape.com/dogecoin-price-skyrockets-ahead-of-doge-10th-anniversary-what-next/">exponential increase</a> in the trend momentum, resulting in a sharp reversal. Mostly making bullish candles, the meme coin finally reaches the $0.10 mark within eight weeks.&nbsp; 
<blockquote>
 Starting the week at $0.085, the DOGE pricr experienced a sharp boost as the overall market bounced back. The meme coin approaches the overhead resistance zone, leading to a 15% jump and reaching a 52-week high of $0.10645.&nbsp;
</blockquote> 
In short, the momentum grows for meme coins with the trendline breakout and the overall market recovery. Currently, the Dogecoin trades at $0.0997 with an intraday gain of 1.12%. 
<h2 id="b-dogecoin-ready-for-a-take-off-b">Dogecoin Ready For A Take-Off!</h2> 
The Dogecoin (DOGE) recovery recently surpassing the $0.10 psychological level will bring notable changes in its market price. With a breakout rally, the meme coin will result in a brawl at the overhead resistance zone at $0.12. Further, the weekly chart signals a monumental breakout trend for Dogecoin if it exceeds $0.12 in 2024.&nbsp; 
<ul> 
 <li style="font-weight: 400;" aria-level="1">EMAs: An upswing in the market price drives the 50-week <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> on a positive track and teases a golden crossover with the 200-week EMA.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">MACD: The MACD and signal lines continue the upside rally and gain momentum as the bullish histograms rise.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/dogecoin-price-prediction-resistance-break-hints-22-rally/">Dogecoin Price Prediction: Key Resistance Breakout Hints 22% Rally Ahead</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: Key Resistance Breakout Hints 22% Rally Ahead

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