Rally

Dogecoin

Resistance

Time

<img width="1200" height="578" src="https://coingape.com/wp-content/uploads/2024/01/wOJt5Fbx-e1705935034193.png" class="attachment-full size-full wp-post-image" alt="Dogecoin Price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Dogecoin Price Prediction: <a href="https://coingape.com/dogecoin-doge-price-jumps-11-as-new-memecoin-revival-begins/?utm_source=sidebartabnews">DOGE</a>, the native cryptocurrency of the largest memecoin Dogecoin, is demonstrating notable resilience in the face of the prevailing market slump, maintaining its value above the key support level of $0.075. On January 19th, Doge witnessed a remarkable rebound, surging 21% from this support level to reach a weekly peak of $0.096.&nbsp; 
This surge in value is largely attributed to the optimistic sentiment among Dogecoin investors, fueled by the anticipation that Platform X will adopt Doge as a payment option following the introduction of its dedicated payments account, @Xpayment. 
<h2 id="b-key-resistance-breakout-hints-27-rally-ahead-b">Key Resistance Breakout Hints 27% Rally Ahead</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The DOGE price breakout from a downsloping trendline hints at the end of the correction trend.</li> 
 <li style="font-weight: 400;" aria-level="1">A long-tail rejection candle in the daily chart indicates the asset is sustainable above the $0.082 mark.</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in Dogecoin is $589.5 Million, indicating a 58% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/w/wOJt5Fbx.png" alt="Dogecoin Price Prediction" width="1946" height="937">
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 Dogecoin Price Prediction| TradingView Chart
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During the recent downturn in the crypto market, <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> experienced a notable pullback from $0.106, entering a corrective phase in mid-December. This three-week market decline, guided by a descending trendline, saw the coin’s value drop by 30% until it found reliable support at the $0.075 level.&nbsp; 
Interestingly, this support point aligned with the 61.8% Fibonacci retracement level, setting a strong foundation for a potential buyer’s comeback. On January 20th, the Dogecoin price marked an 11.7% increase, successfully breaking through the descending resistance trendline.&nbsp; 
<blockquote>
 This positive shift in momentum coincided with the introduction of Platform X’s payment service handle, @xpayments. This move has significantly energized <a href="https://coingape.com/dogecoin-rises-9-is-xs-dedicated-payment-page-fueling-the-surge/">Dogecoin</a> enthusiasts, boosting expectations for the cryptocurrency’s adoption as a valid payment option on the platform.
</blockquote> 
As of the latest update, Dogecoin is trading at $0.082, endeavoring to maintain its position above the recently breached trendline. If the buying interest continues, there is a potential for the coin to witness a 27.5% surge, aiming to retest the $0.106 resistance high.&nbsp; 
This bullish scenario hinges on the sustained buying pressure and market sentiment around Dogecoin’s possible integration into mainstream payment platforms. 
<h2 id="b-is-dogecoin-price-ready-for-uptrend-b">Is Dogecoin Price Ready for Uptrend?</h2> 
Although the immediate outlook for Dogecoin appears bullish, a broader examination of its long-term chart reveals a period of sideways trading that has persisted for nearly two months. This phase of consolidation is characterized by two converging trend lines, forming what is known as a symmetrical triangle pattern. 
The expected rally towards the $0.106 mark is particularly significant as it not only represents an upward movement in price but also signals a potential bullish breakout from the upper boundary of this symmetrical triangle. Such a breakout could provide buyers with a crucial opportunity to break free from the ongoing sideways trend, ushering in a new phase of upward momentum for Dogecoin 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Directional Moving Index: A bullish crossover between MACD and a signal the asset is returning to a recovery state&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The Dogecoin price jump above the daily <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMAs</a>(20, 50, 100, and 200) offers an additional edge to market buyers.</li> 
</ul> 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/markets/doge-free-fall-intensifies-eyeing-0-065-heres-how-to-time-dogecoin-price-bounce-back/">DOGE Free Fall Intensifies Eyeing $0.065, Here’s How To Time Dogecoin Price Bounce Back</a></li> 
 <li><a href="https://coingape.com/markets/crypto-price-prediction-today-january-22-btc-ada-sc/">Crypto Price Prediction For January 22: BTC, ADA, SC</a></li> 
 <li><a href="https://coingape.com/breaking-bitcoin-notes-25-mln-outflows-amid-etf-led-crypto-market-volatility/?utm_source=24hrsupdateall">Bitcoin Notes $25 Mln Outflows Amid ETF-Led Crypto Market Volatility</a></li> 
</ul> 
&nbsp; 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-will-doge-surpass-0-1-january-end/">Dogecoin Price Prediction: Will $DOGE Surpass $0.1 Mark Before January End?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: Will $DOGE Surpass $0.1 Mark Before January End?

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