Shiba

Rally

Parabolic

Dogecoin

Shiba Inu

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<p>The world’s largest memecoin Dogecoin (DOGE) joins the crypto market party registering 33% gains in the last 24 hours and shooting past $0.1 for the first time since November 2022. At press time, the Dogecoin (DOGE) price is trading 33% up at a price of $0.125 and a market cap of $17.91 billion.</p> 
<h3 id="the-dogecoin-doge-price-rally">The Dogecoin (DOGE) Price Rally</h3> 
<p>As the Dogecoin (DOGE) price shoots past 12 cents, the 24-hour trading volumes have also skyrocketed by a staggering 156% to $4.77 billion. Over the last week, the DOGE price has shot up by a staggering 50% suggesting the beginning of the next bull run.</p> 
<p>For the fourth time in its history, Dogecoin is signaling a two-week super trend buy signal. Each time this signal has been confirmed in the past, it has led to immediate parabolic price action for DOGE in the months that followed.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> for the 4th time in History is flashing a 2 week super trend buy signal. After each buy signal was confirmed it immediately began parabolic price action for the months ahead <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a>. 10 days to confirm this. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/ra5KOU3o5J">pic.twitter.com/ra5KOU3o5J</a></p> 
 <p>— Yomi (@OG_Yomi) <a href="https://twitter.com/OG_Yomi/status/1763009402326401049?ref_src=twsrc%5Etfw">February 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Furthermore, Dogecoin is also witnessing strong whale accumulation. Data from the blockchain tracking platform Whale Alert revealed that a whopping <a href="https://coingape.com/dogecoin-whales-accumulate-276-mln-coins-will-doge-reach-0-01/" target="_blank" rel="noopener">276.21 million DOGE</a> was accumulated from Robinhood, an American financial services company.</p> 
<p>According to Whale Alert’s data, two major whale transactions were responsible for accumulating this substantial amount from Robinhood. The first transaction showed the accumulation of 172.89 million DOGE, valued at $16.59 million, by the address DEndnpPewG…gWLmkNMAtU. Meanwhile, the second transaction indicated that the address DGG1Ght6LB…pcSXme8X5S acquired 103.32 million DOGE, totaling $9.87 million.</p> 
<h3 id="doge-price-target-and-memecoin-rally">DOGE Price Target and Memecoin Rally</h3> 
<p>Renowned cryptocurrency trading expert Ali Martinez has issued a bold forecast, envisioning a potential parabolic breakout for Dogecoin. Martinez predicts that Dogecoin could skyrocket to $1.7 by April, drawing insights from historical chart patterns and the ever-evolving dynamics of the market.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The price action of <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is showing familiar patterns reminiscent of its 2020 behavior. Back then, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> broke out from a descending triangle, entered a period of consolidation, and then skyrocketed by 28,770%. </p> 
 <p>Currently, <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> appears to be mirroring this pattern: having… <a href="https://t.co/69yXnlYRJd">pic.twitter.com/69yXnlYRJd</a></p> 
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1760921211251425472?ref_src=twsrc%5Etfw">February 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The recent Dogecoin price action has spurted a rally across the memecoin space. <a href="https://coingape.com/shiba-inu-rallies-over-20-shytoshi-kusama-spotlights-key-partnership/" target="_blank" rel="noopener">Shiba Inu</a> too has gained 20% in the last 24 hours and is currently trading $0.00001301 with a market cap of $7.67 billion. The daily trading volumes have also surged by 70% crossing $1.5 billion.</p> 
<p>Furthermore, the latest reports suggest that Shiba Inu is set to introduce a new privacy-centric network atop the Shibarium blockchain, enhancing the value proposition of SHIB tokens. At the same time, Shiba Inu Futures Open Interest has experienced a notable increase of 120%. Going forward, the Shiba Inu price might aim for crucial resistance levels at $0.0000119, $0.0000158, and $0.000018</p> 
<p>The post <a href="https://coingape.com/dogecoin-doge-price-jumps-30-past-12-cents-beginning-of-parabolic-rally/">Dogecoin (DOGE) Price Jumps 30% Past 12 Cents, Beginning of Parabolic Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Dogecoin (DOGE) Price Jumps 30% Past 12 Cents, Beginning of Parabolic Rally?

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