Bitcoin

Dogecoin

April

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Shiba Inu

<div class="finbold">
 <p class="paragraph">As the cryptocurrency market resumes its <a rel="noopener noreferrer nofollow" title="bullish" href="https://thebittimes.com/tag/bullish.html">bullish</a> run that has seen Bitcoin (BTC) climb back above the critical level at $70,000 and continue further up, Dogecoin (DOGE) is no exception, and its current chart patterns suggest even more impressive gains to follow for the doge meme coin.</p>
 <p class="paragraph">Specifically, Dogecoin is demonstrating a bull flag on its daily chart and if it manages to break out of it, its next target might be at a massive $0.4, according to the most recent observations shared by pseudonymous crypto trading expert <em>Trader Tardigrade </em>in an X post on April 11.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="735" height="872" src="https://cdn.thebittimes.com/images/2024/04/11/c1db7e0d66495b0992d56a5c6ee9175f.webp" alt="Dogecoin price chart pattern analysis" class="wp-image-168218" srcset="https://cdn.thebittimes.com/images/2024/04/11/c1db7e0d66495b0992d56a5c6ee9175f.webp 735w, https://cdn.thebittimes.com/images/2024/04/11/c1db7e0d66495b0992d56a5c6ee9175f.webp 253w" sizes="(max-width: 735px) 100vw, 735px">
  <figcaption class="wp-element-caption"><em>Dogecoin price chart pattern analysis. Source: </em><em>Trader Tardigrade</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-dogecoin-price-prediction">Dogecoin price prediction</h2>
 <p class="paragraph">At the same time, many are speculating on whether Dogecoin will enter a new parabolic run based on the optimistic sentiment surrounding the upcoming ‘Doge Day’ on April 20, during which its supporters will mark with various activities dedicated to its promotion and driving up its value.</p>
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 <p class="paragraph">Furthermore, the team of experts over at blockchain and crypto market intelligence platform <em>IntoTheBlock </em>has earlier pointed out that DOGE was up by more than 10% in the previous 30 days, and that it would need to “solidly break the $0.20” to continue.</p>
 <p class="paragraph">Notably, this is where about 32,000 crypto wallets held 3.78 billion DOGE at a loss, and breaking through the above level could push to new highs, according to the platform’s data regarding addresses in/out the money around specific prices shared in an X post on April 9.</p>
 <figure class="wp-block-image"><img decoding="async" width="800" height="143" src="https://cdn.thebittimes.com/images/2024/04/11/632f1f465895aa0966ea8b51f9b670b7.webp" alt="DOGE holders in/out of the money around price" class="wp-image-168217" srcset="https://cdn.thebittimes.com/images/2024/04/11/632f1f465895aa0966ea8b51f9b670b7.webp 800w, https://cdn.thebittimes.com/images/2024/04/11/632f1f465895aa0966ea8b51f9b670b7.webp 300w, https://cdn.thebittimes.com/images/2024/04/11/632f1f465895aa0966ea8b51f9b670b7.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>DOGE holders in/out of the money around price. Source: </em><em>IntoTheBlock</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-why-is-doge-going-up">Why is DOGE going up?</h2>
 <p class="paragraph">Meanwhile, Dogecoin was at press time changing hands at the price of $0.192, which indicates a 3.59% increase in the last 24 hours, an advance of 4.92% across the previous seven days, and a more significant gain of 11.99% on its monthly chart, as per the latest data.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/11/ab0d83bb7407d12b59ebd7476d65a56e.webp" alt="Dogecoin price 30-day chart" class="wp-image-168216" srcset="https://cdn.thebittimes.com/images/2024/04/11/ab0d83bb7407d12b59ebd7476d65a56e.webp 750w, https://cdn.thebittimes.com/images/2024/04/11/ab0d83bb7407d12b59ebd7476d65a56e.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Dogecoin price 30-day chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">So why is DOGE going up? As it happens, in addition to the excitement over Doge Day being just around the corner, this crypto meme asset is also creating positive sentiment thanks to the rising number of Dogecoin millionaires, or DOGE wallets holding more than $1 million in DOGE.</p>
 <p class="paragraph">On top of that,&nbsp;the return of the meme coin mania, during which assets like Shiba Inu (SHIB) and Pepe (PEPE) have also recorded significant gains, has affected the growth in price for the favorite cryptocurrency of Tesla (NASDAQ: TSLA) CEO Elon Musk.</p>
 <p class="paragraph">That said, trends in the crypto sphere can sometimes change on a whim, which is why doing one’s own due diligence, investigating the asset, and weighing all the risks before investing a significant amount of money in any asset is essential.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-flies-bullish-flag-as-doge-day-draws-near-targets-0-4-tbt85112.html">https://thebittimes.com/dogecoin-flies-bullish-flag-as-doge-day-draws-near-targets-0-4-tbt85112.html</a></p>

Dogecoin flies bullish flag as DOGE Day draws near; Targets $0.4

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