Shiba

Rally

Bitcoin

Dogecoin

Terra

<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 Bitcoin price showcasing a weakening of bullish momentum at $52000, the majority of major coins, including <a href="https://coingape.com/blog/doge-and-shib-can-shib-go-as-high-as-doge/">DOGE</a>, spark a new correction. From the last swing high resistance of $0.088, the coin tumbled 7% to hit a low of $0.819, This reversal backed up decreasing volume suggesting the market participants are less interested in short positions.&nbsp; 
Also Read: <a href="https://coingape.com/dogecoin-whale-offloads-400-mln-doge-to-robinhood-price-to-hit-0-09/">Dogecoin Whale Offloads 400 Mln DOGE To Robinhood, Price To Hit $0.09?</a> 
<h2 id="b-will-doge-price-regain-0-1-before-feb-end-b">Will DOGE Price Regain $0.1 Before Feb-End?</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/h/HotR6O1Y.png" alt="BINANCE:DOGEUSDT Chart " width="1946" height="937">
 <figcaption class="wp-caption-text">
 Dogecoin Price Prediction| Tradingview
 </figcaption>
</figure> 
<a href="https://coingape.com/markets/dogecoin-price-analysis-is-a-1-breakout-impending/">Dogecoin’s</a> short-term movement exhibits a lateral trend oscillating between the support and resistance levels of $0.07 and $0.09, respectively. Utilizing the $0.07 level as foundational support, the DOGE price is forming a notable bullish reversal configuration known as the double bottom pattern.&nbsp; 
<blockquote>
 Amid a wider market resurgence, the cryptocurrency witnessed a 10% increase over a fortnight, reaching $0.0852. This momentum, spurred by the bullish pattern, suggests an imminent rise of 6.2% towards the $0.09 resistance threshold.
</blockquote> 
Should <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> successfully breach this critical point, it’s anticipated to trigger a bullish momentum, propelling the price by an additional 16% to achieve a target of $0.105.&nbsp; 
However, this upward trajectory towards $0.105 is expected to encounter significant resistance at a longstanding trendline, part of a symmetrical triangle pattern that has defined the broader, predominantly sideways market trend for nearly two years. 
Also Read: <a href="https://coingape.com/crypto-headlines-of-the-week-bitcoin-shiba-inu-terra-fuels-inferences/">Crypto Headlines Of The Week: Bitcoin, Shiba Inu, &amp; Terra Fuels Inferences</a> 
<h2 id="b-will-dogecoin-price-ready-for-uptrend-b">Will Dogecoin Price Ready for Uptrend?</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/g/gaJESlbh.png" alt="BINANCE:DOGEUSDT Chart" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Dogecoin Price Prediction| Tradingview
 </figcaption>
</figure> 
Analysis of the daily chart shows the anticipated rally to $0.0105 will face a major roadblock at the resistance trendline, a symmetrical triangle pattern. This chart has been active for nearly two years and the broader trend is sideways 
The persistence of selling pressure at this upper boundary could result in a continuation of DOGE’s sideways trading pattern. For a return to a bullish recovery trend, a breakthrough from this triangle pattern is necessary, setting a new potential target at $0.18, indicating a decisive moment for the Dogecoin price direction. 
<h2 id="b-technical-indicator-b">Technical Indicator</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily RSI slope above 55% indicates a positive sentiment among the market participants.</li> 
 <li style="font-weight: 400;" aria-level="1">Bollinger bands: An uptick in the Bollinger band indicator reflects the active bullish momentum in the market.</li> 
</ul> 
Related Article: <a href="https://coingape.com/markets/crypto-market-prediction-btc-52k-eth-xrp-doge-today-feb16th/">Crypto Market Prediction as BTC Rally Stalls at $52k: ETH, XRP, DOGE Analysis For February 16th</a> 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-as-pattern-signals-rally-0-1/">Dogecoin Price Prediction As Emerging Bullish Pattern Signals a Rally to $0.1</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction As Emerging Bullish Pattern Signals a Rally to $0.1

Table of Contents

Coingape News Media

Other articles published on Feb 18, 2024

Meme Moguls (MGLS) Attracts Dogecoin (DOGE), Pepe (PEPE), and Shiba Inu (SHIB) Investors, Making ...

Critical Levels Unveiled: Bitcoin’s $48,000 Danger Zone – Is a Reversal Looming?

Bitcoin ETFs Record $2.2 Billion Net Inflows In Past Week

VanEck Agrees to $1.75M Fine by SEC Over ETF Promotion Violation

Next Cryptocurrency to Explode Saturday, February 17 – Worldcoin, TRON, Stacks

Crypto Market Outlook: Analysts Discuss Potential Shifts in Bitcoin and Ethereum

Join our free newsletter for daily crypto updates!