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Dogecoin Price Prediction: DOGE, the cryptocurrency market’s most popular meme coin, has been riding a wave of bullish momentum, pushing its value beyond the $0.080 threshold. This marks a significant uptick in its valuation, with the <a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">Dogecoin price </a>trading at $0.08087, showcasing an increase of over 1% within the last 24 hours. Market experts are optimistic about Dogecoin’s growth trajectory, anticipating further gains.
<h2 id="strong-dogecoin-price-prediction-bullish-trends-and-market-optimism-strong">Dogecoin Price Prediction: Bullish Trends and Market Optimism</h2>
In recent trading sessions, Dogecoin’s price has been fluctuating between $0.080 and $0.08200, demonstrating a strong bullish trend. Over the past week, this pattern has contributed to an overall growth of approximately 2.90%. The cryptocurrency landscape has generally been favorable, with <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> breaching the $50k mark and <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> surpassing $2,600.
<figure id="attachment_180254" aria-describedby="caption-attachment-180254" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/Dogecoin-price-chart-e1707846222814.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-large wp-image-180254" src="https://coingape.com/wp-content/uploads/2024/02/Dogecoin-price-chart-1224x643.png" alt="Dogecoin price prediction" width="1224" height="643"></a>
 <figcaption id="caption-attachment-180254" class="wp-caption-text">
 Dogecoin price prediction
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Dogecoin’s trading volume has seen a remarkable 56% increase, reaching $479 million. Ranked 11th in market capitalization, Dogecoin’s market value is currently estimated at around $11.57 billion. This resilience and market dominance through the crypto bear market suggests the potential for further increases.
<h2 id="strong-dogecoin-price-prediction-analysts-forecast-bright-future-strong">Dogecoin Price Prediction: Analysts Forecast Bright Future</h2>
A crypto analyst, Captain Faibik, posits that Dogecoin is on the verge of a breakout from a symmetrical triangle pattern. This could potentially lead to a 30% surge, aiming for the 10-cent mark. For Dogecoin to maintain an upward trajectory, the Altcoin needs to consistently close above the $0.08 level.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> is on the Verge of Symmetrical Triangle Breakout..!!
 In Case of Upside Breakout, Expecting +30% Bullish Rally in the Short term. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://t.co/j1WL8mv33u" rel="noopener noreferrer nofollow">pic.twitter.com/j1WL8mv33u</a>
 — Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1757278097269719205?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
If <a href="https://coingape.com/markets/dogecoin-price-prediction-will-doge-surpass-0-1-january-end/" rel="noopener noreferrer nofollow">Dogecoin</a> manages to hold above the $0.080 support level, it might rebound to $0.085 and eventually hit the pivotal $0.1 threshold. This positive outlook hinges on the coin’s ability to navigate through key resistance points and sustain its momentum.
However, a failure to surpass the $0.0800 mark could lead to a decline. Immediate support lies near $0.078, with a more critical support level at $0.0760. A breach below this could see Dogecoin descending towards $0.0710.&nbsp;
<figure id="attachment_180252" aria-describedby="caption-attachment-180252" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-180252" src="https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47.png" alt="Dogecoin Price Prediction" width="1154" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47.png 1154w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47-768x434.png 768w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-13_20-35-47-150x85.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-180252" class="wp-caption-text">
 Dogecoin Price Chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/chart/PpwAwjR5/?symbol=COINBASE%3ADOGEUSD">Tradingview</a>
 </figcaption>
</figure>
The daily technical indicators paint a bullish picture, with the Moving Average Convergence Divergence (MACD) for DOGE/USD indicating a bullish crossover. The signal line is above the MACD line, suggesting increased buying pressure. The Average Directional Index (ADX) is at 9.66, forecasting a potential uptick. Meanwhile, the Relative Strength Index (RSI) for DOGE/USD remains below 50, presenting a neutral market stance. Most moving averages and oscillators on the 24-hour chart indicate an uptrend for Dogecoin.
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The post <a href="https://coingape.com/markets/dogecoin-price-prediction-as-bulls-bag-0-080-support-will-doge-trigger-30-rally/" rel="noopener noreferrer nofollow">Dogecoin Price Prediction As Bulls Bag $0.080 Support, Will DOGE Trigger 30% Rally?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Dogecoin Price Prediction As Bulls Bag $0.080 Support, Will DOGE Trigger 30% Rally?

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