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The post <a href="https://coinpedia.org/price-analysis/dogecoin-confirms-a-new-macro-uptrend-will-doge-price-make-it-to-0-3-this-month/">Dogecoin Confirms a New Macro Uptrend: Will DOGE Price Make It to $0.3 This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following a significant recovery in Bitcoin prices, the popular altcoins traded in different directions. Meanwhile, the popular memecoin, <a href="https://markets.coinpedia.org/dogecoin/" target="_blank" rel="noreferrer noopener">Dogecoin</a>, maintained a strong ascending trend, carrying expectations of a positive week ahead. After a brief upswing in the first few days of the month, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">DOGE price</a> is consolidating along with the gains. Hence, it indicates the price is preparing for the next price action, targeting $0.2 in the coming days.&nbsp; 
The price has been significantly high since the start of March, due to which the price has formed a head-and-shoulder pattern. However, the price bounced off from the neckline, nullifying the bearish prospects. Therefore, the current trade set-up suggests the price is strongly heading towards the lost levels at the resistance at $0.18, while in the larger prospects, $0.22 appears to be the target to be surpassed soon.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="500" src="https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-1024x500.png" alt="Dogecoin" class="wp-image-298145" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-1024x500.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-300x146.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-768x375.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-1536x750.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2-150x73.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/06161810/unnamed-2.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The long-term or monthly chart of DOGE price displays a clear bullish picture for the token. Regardless of the interim fluctuations, the token has been maintaining a steep upswing as the recovery seems to be within a parabolic curve. The token has been forming a similar pattern previously and after reaching the neckline, a major breakout leads the price towards the higher targets. Therefore, market participants may expect a continued upswing within a consolidated pattern until the price reaches the neckline at $0.28.&nbsp; 
Besides, the RSI displayed a bearish divergence in March and has again flipped back to a bullish range. Hence, the Dogecoin price, which has soared by over 3% in the past 24 hours and nearly 18% in the past week, is believed to surge by 20% to 25% in the next few days, reaching $0.22. 
Also Check Out : <a href="https://coinpedia.org/price-analysis/memecoins-regains-strength-as-bitcoin-recovers-wif-floki-doge-pepe-price-soar/">Memecoins Regains Strength as Bitcoin Recovers: WIF, FLOKI, DOGE &amp; PEPE Price Soar&nbsp;</a>

Dogecoin Confirms a New Macro Uptrend: Will DOGE Price Make It to $0.3 This Month?

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