Dogecoin

World

Elon

<div class="finbold"> 
 <p class="paragraph">Despite many assets in the cryptocurrency industry starting to move in a more positive direction, Dogecoin (DOGE) seems to still be waiting for an upwards trigger, but one crypto expert believes that traders of the popular doge meme token might not wait for much longer.</p> 
 <p class="paragraph">As it happens, popular pseudonymous crypto market analyst <em>CoinsKid </em>has shared his view that Dogecoin could “run to $0.49 and beyond” in the near future, as “invalidation is losing the bottom of the potential C wave in May at $0.11929,” as he explained in an X post on May 17.</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="800" height="389" src="https://cdn.thebittimes.com/images/2024/05/17/02034ea1f3a09f136e398d01be4028bc.webp" alt="DOGE price action analysis. Source: CoinsKid" class="wp-image-176512" srcset="https://cdn.thebittimes.com/images/2024/05/17/02034ea1f3a09f136e398d01be4028bc.webp 800w, https://cdn.thebittimes.com/images/2024/05/17/02034ea1f3a09f136e398d01be4028bc.webp 300w, https://cdn.thebittimes.com/images/2024/05/17/02034ea1f3a09f136e398d01be4028bc.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption">
   <em>DOGE price action analysis. Source: </em><em>CoinsKid</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-doge-price-prediction">DOGE price prediction</h2> 
 <p class="paragraph">Indeed, the current DOGE chart pattern emerged just a couple of days after the crypto trading <a rel="dofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> observed the “textbook inverse head &amp; shoulders on the daily for DOGE,” the structure also known as a reverse head and shoulders, which hints at an upward <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trend, or a bearish-to-bullish trend reversal.</p> 
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6"> 
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5"> 
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"> <path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path> 
   </svg> Picks for you </h3> 
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0"> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Chinese home <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s fall by largest amount in history <span class="self-center text-xs text-slate-500">2 mins ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     How to become rich overnight: Myths, truths, and practical tips <span class="self-center text-xs text-slate-500">34 mins ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     We asked ChatGPT-4o what’s the best cryptocurrency for the gaming industry <span class="self-center text-xs text-slate-500">2 hours ago</span> 
   </div> 
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
     Sell Alert: Bitcoin faces imminent correction <span class="self-center text-xs text-slate-500">2 hours ago</span> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="800" height="390" src="https://cdn.thebittimes.com/images/2024/05/17/dee026948150103924a0b77320658d4a.webp" alt="DOGE inverse head and shoulders pattern. Source: CoinsKid" class="wp-image-176513" srcset="https://cdn.thebittimes.com/images/2024/05/17/dee026948150103924a0b77320658d4a.webp 800w, https://cdn.thebittimes.com/images/2024/05/17/dee026948150103924a0b77320658d4a.webp 300w, https://cdn.thebittimes.com/images/2024/05/17/dee026948150103924a0b77320658d4a.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption">
   <em>DOGE inverse head and shoulders pattern. Source: </em><em>CoinsKid</em>
  </figcaption>
 </figure> 
 <p class="paragraph">Meanwhile, another pseudonymous crypto analyst, <em>World Of Charts</em>, is less bullish, albeit nonetheless predicting that Dogecoin could increase its <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> very soon, setting the target to between $0.27 and $0.30, days after <a rel="dofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> known as <em>Behdark</em> suggested a “long-term bullish rally.”</p> 
 <figure class="wp-block-image size-full">
  <img loading="lazy" decoding="async" width="800" height="452" src="https://cdn.thebittimes.com/images/2024/05/17/f1c9fe0a3a71573ef0d3262a1e65aa4a.webp" alt="DOGE price action analysis and prediction. Source: World Of Charts" class="wp-image-176514" srcset="https://cdn.thebittimes.com/images/2024/05/17/f1c9fe0a3a71573ef0d3262a1e65aa4a.webp 800w, https://cdn.thebittimes.com/images/2024/05/17/f1c9fe0a3a71573ef0d3262a1e65aa4a.webp 300w, https://cdn.thebittimes.com/images/2024/05/17/f1c9fe0a3a71573ef0d3262a1e65aa4a.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption">
   <em>DOGE price action analysis and prediction. Source: </em><em>World Of Charts</em>
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="h-doge-price-analysis">DOGE price analysis</h2> 
 <p class="paragraph">For now, Dogecoin is changing hands at $0.15266, suggesting a decline of 0.58% in the last 24 hours, an advance of 2.37% across the previous seven days, and an accumulated gain of 0.27% on the monthly chart, according to the most recent <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> data retrieved on May 17.</p> 
 <figure class="wp-block-image size-full">
  <img loading="lazy" decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/05/17/3a5f2c237eba7738988cad442611535c.webp" alt="DOGE price 7-day chart. Source: Finbold" class="wp-image-176515" srcset="https://cdn.thebittimes.com/images/2024/05/17/3a5f2c237eba7738988cad442611535c.webp 750w, https://cdn.thebittimes.com/images/2024/05/17/3a5f2c237eba7738988cad442611535c.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption">
   <em>DOGE price 7-day chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure> 
 <p class="paragraph">All things considered, the beloved doge meme token, favored by Tesla (NASDAQ: TSLA) CEO Elon Musk, could, indeed, surge toward the highly optimistic price target at $0.49, especially after recently considering the fact that it has recently broken out from a resistance trend line.</p> 
 <p class="paragraph">However, things in the crypto market can sometimes change rapidly, so doing one’s own research and carefully weighing all the risks instead of blindly relying on other people’s recommendations and opinions is essential when investing in any of its assets.</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> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/market-expert-sets-doge-price-to-0-49-and-beyond-soon-tbt88646.html">https://thebittimes.com/market-expert-sets-doge-price-to-0-49-and-beyond-soon-tbt88646.html</a></p>

Market expert sets DOGE price to ‘$0.49 and beyond’ soon

Table of Contents

TheBitTimes

Other articles published on May 18, 2024

Factors That Could Boost XRP to $1.68, Enthusiasm Grows For this Emerging AI Altcoin

Here are Bitcoin’s new levels to watch as bulls prepare to break resistance

Genesis Global gets court approval to distribute billions to creditors, DCG challenge gets rejected

Nigerian Court Denies Bail To Binance Executive Accused Of $35M Laundering Charges

Genesis Debt Repayment: Creditors To Get Greater Priority Over DCG

DWF Labs Deposits 3M TOKEN to Gate.io, What’s Their Strategy?

Join our free newsletter for daily crypto updates!