Based

Bitcoin

Dogecoin

April

<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.</i></p> 
<ul> 
 <li><em>Dogecoin was trading just below the $0.1 level, a high not tested for a year</em></li> 
 <li><em>The next trend of Bitcoin could have a strong impact on DOGE</em></li> 
</ul> 
<p><a href="https://ambcrypto.com/search/dogecoin" target="_blank" rel="noopener" data-wpel-link="internal">Dogecoin [DOGE]</a> has performed well in the markets since October. In fact, a recent report highlighted that just another meme coin has <a href="https://ambcrypto.com/will-floki-end-the-year-outperforming-dogecoin/" target="_blank" rel="noopener" data-wpel-link="internal">outperformed DOGE</a> over the past week. Whether that trend can be maintained remains to be seen.</p> 
<p>What was clear, however, was that DOGE bulls had a strong conviction in the prevailing uptrend. The former resistance just below $0.1 was flipped to support, paving the way for another surge past highs not seen since last December.</p> 
<h3 id="one-after-another-each-of-the-previous-lower-highs-was-flipped-to-support">One after another, each of the previous lower highs was flipped to support</h3> 
<div id="attachment_358479" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358479" decoding="async" class="wp-image-358479 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price.png" alt="Dogecoin reaches another milestone by pushing past eight-month highs" width="1940" height="1099" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price.png 1940w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price-300x170.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price-1024x580.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price-768x435.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-price-1536x870.png 1536w" sizes="(max-width: 1940px) 100vw, 1940px"></a>
 <p id="caption-attachment-358479" class="wp-caption-text">Source: DOGE/USDT on TradingView</p>
</div> 
<p>The uptrend of Dogecoin began on 28 October when both the trendline resistance from November 2022, as well as the three-day market structure, were both breached. Since then, DOGE has inexorably advanced forward.</p> 
<p>The resistance at $0.1065 stretched back to February 2022. Back then, it served as a support for a few brief days before giving way. In December 2022 and April 2023, this region served as a supply zone. It was still a resistance zone, but the $0.095-level appeared to be flipped to support.</p> 
<p>The On-Balance Volume and RSI showed steady buying pressure and strong bullish momentum, respectively. DOGE offered a buying opportunity with invalidation just below $0.1, targeting $0.1065, $0.112, and $0.131.</p> 
<h4>Volatility of the past few days saw liquidity on both extremes swept</h4> 
<div id="attachment_358478" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358478" decoding="async" class="wp-image-358478 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock.png" alt="Dogecoin reaches another milestone by pushing past eight-month highs" width="1866" height="1027" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock.png 1866w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock-300x165.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock-1024x564.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock-768x423.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/PP-4-DOGE-hyblock-1536x845.png 1536w" sizes="(max-width: 1866px) 100vw, 1866px"></a>
 <p id="caption-attachment-358478" class="wp-caption-text">Source: <a href="https://hyblockcapital.com/liquidationlevel-heatmap" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">Hyblock</a></p>
</div> 
<p>On 11 December, Dogecoin climbed to $0.10725 and just a few hours later, descended to $0.0927. This came in the wake of heightened volatility across the market as Bitcoin tumbled from $44k to $40.4k.</p>  
<p style="text-align: center;">How much are <a href="https://ambcrypto.com/convert/100-doge-to-usd" target="_blank" rel="noopener" data-wpel-link="internal">1, 10, or 100 DOGE worth</a> today?</p>  
<p>At the time of writing, the liquidation heatmap showed that the next large pool of liquidity is at $0.088 to the south and $0.108 to the north. Based on AMBCrypto’s technical analysis, further upside is likely. A move below the $0.092-mark would indicate that $0.088 or lower is up next for the meme coin.</p>

Dogecoin’s 8-month high – What does its price prediction have in store?

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