2024

Bitcoin

Dogecoin

<img width="1200" height="800" src="https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382.jpg" class="attachment-full size-full wp-post-image" alt="Dogecoin Price" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382.jpg 1200w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px">
Dogecoin Price Prediction: With the <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> stranded above the $42,000 mark, the altcoins are lost in a sea of indecisive trends. Amidst such conditions, the leading memecoin, DOGE, treads lightly with a consolidation in motion. With a bullish dominance at $0.075 preventing a drop below, Dogecoin struggles to regain momentum for an upside stroll. Will the meme coin rise back to $0.10 or drop below $0.075?&nbsp; 
<h2 id="strong-stable-support-bolster-doge-for-fresh-recovery-strong">Stable Support Bolster DOGE for Fresh Recovery</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The DOGE price shows a sideways trend at the base of the Bollinger bands.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">A confluence of technical level at $0.075 creates a high demand zone for traders.</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in Dogecoin is $204.5 Million, indicating a 21.45% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/9/9uPGvEsj.png" alt="Dogecoin Price Prediction" width="1815" height="836">
 <figcaption class="wp-caption-text">
 Dogecoin Price Prediction| TradingView Chart
 </figcaption>
</figure> 
Following a brief surge in demand that propelled the <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> to $0.0877, the momentum quickly dissipated, bringing the price back down to its local bottom. This retreat dampened hopes for an immediate recovery, yet the establishment of demand at $0.075 initiated a period of sideways movement.&nbsp; 
Amid this swift shift away from bullish sentiment, the Bollinger Bands indicate an impending squeeze, suggesting a tighter range of price movement is on the horizon. Additionally, a noticeable decline in trading volume points to dwindling momentum in Dogecoin’s market activity. 
<blockquote>
 Despite the reduction in momentum and volatility, the continuous growth of the Dogecoin network hints at a potential resurgence. This scenario presents sideline investors with an opportunity to capitalize on the consolidation phase as a moment to buy the dip.&nbsp;
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f436.png" alt="🐶" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>'s value is -23% since its top on Dec. 9th. But the <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#memecoin</a>'s wallets with &gt;0 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> coins has been growing at the fastest rate in the network's decade long history. 413.8K new wallets, mostly holding 0.001-1 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>, have been added in 2 weeks. <a href="https://t.co/GjDghuB9H9">https://t.co/GjDghuB9H9</a> <a href="https://t.co/l6Pv0KvkKW">pic.twitter.com/l6Pv0KvkKW</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1754692279934374330?ref_src=twsrc%5Etfw">February 6, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Moreover, a recent insight from analytics firm @Santiment highlights that <a href="https://coingape.com/dogecoin-adds-410k-new-wallets-doge-price-to-rebound/">Dogecoin</a> has experienced a record-breaking surge in its network, with more than 413,800 new wallets added in just two weeks. These wallets predominantly hold between 0.001 to 1 DOGE, indicating a significant influx of small-scale investors and a broadening of the coin’s investor base 
<h2 id="b-dogecoin-price-impending-a-decisive-breakout-b">Dogecoin Price Impending a Decisive Breakout</h2> 
Considering the bullish bounce back for the Dogecoin price comes with a sharp rise in trading volume, the meme coin can break above $0.0877. In such a case, the Bollinger bands will lead to an accumulation phase.&nbsp; 
Optimistically, the bullish breakout of $0.877 can prolong the uptrend in DOGE price to the psychological mark of $0.10. On the downside, a drop below $0.075 can drop the prices to $0.065. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The sideways movement in the daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> mimics the Dogecoin price. However, the sustenance above the halfway line adds brownie points to the bullish side.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Bollinger bands: A narrow <a href="https://coingape.com/education/bollinger-band/">Bollinger band indicator</a> reflects increased volatility in the market.</li> 
</ul> 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/is-dogecoin-price-poised-for-extreme-volatility-amid-dip-below-0-079/">Is Dogecoin Price Poised For Extreme Volatility Amid Dip Below $0.079?</a></li> 
 <li><a href="https://coingape.com/markets/sui-price-is-up-100-in-2024-but-why-are-eth-doge-and-op-breaking-out/">SUI Price Is Up 100% In 2024, But Why Are ETH, DOGE, And OP Breaking Out?</a></li> 
 <li><a href="https://coingape.com/dogecoin-doge-listed-on-top-indian-exchange-doge-to-rally/">Dogecoin (DOGE) Listed on Top Indian Exchange, DOGE to Rally?</a></li> 
</ul> 
&nbsp; 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-will-doge-0-1-in-february/">Dogecoin Price Prediction: Will $DOGE Surpass $0.1 Barrier in February?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: Will $DOGE Surpass $0.1 Barrier in February?

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