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<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

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