Dogecoin

bullish

when

The post <a href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-heres-when-doge-price-could-trigger-a-35-upswing/" rel="noopener noreferrer nofollow">Dogecoin Price Analysis: Here’s When DOGE Price Could Trigger a 35% Upswing!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the growing market sentiments, the memecoins had gained centre stage as the popular ones like PEPE, FLOKI, BONK, etc., and a few more traded with huge volumes. This compelled the top memecoin, Dogecoin, to maintain a silent trend as the traders had shifted their focus away from the token. However, the DOGE price is about to demonstrate a pivotal move, which may attract huge volume in the coming days.&nbsp;
The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">DOGE price</a> is consolidating under the bearish heat throughout the 2021–22 bear market, which was broken early this year. This also included a huge drop in volume, which had been carried over until the recent upswing. However, the bear restricted the rally at $0.22 and slashed the prices hard to close to $0.1 in no time. Now that the price is experiencing an excessive squeeze, a breakout appears to be imminent, but here’s when it could take place.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeAXqZkZNWGi3FMsxyKBOQUpaqPGFGIXIQmXxlud1F3bCyNLb27qaTUR_SBbygVERnbCyufl05xdT4f3TG129KIdSpHpUmH2XKgJewDkKUS1jFKmwekW_mOSvgXdJH0297FUvAT5R-03Kd2RkPPyW1ZET-Q?key=Gd9eDttUBhr14ok-kCm7vg" alt="">
</figure>
The daily chart of Dogecoin suggests the price is following a pattern of prolonged accumulation for over a couple of years. However, the ongoing accumulation is expected to end in a few weeks, which may trigger a fresh rise soon. Besides, the technicals flashed mixed signals, which suggests the price is expected to maintain a descending trend for some more time than expected.&nbsp;
The MACD is close to flipping into a bullish trend by accomplishing a bullish crossover. On the other hand, the RSI has initiated a bearish divergence, which suggests the strength of the rally remains below average. Hence, the DOGE price may continue to maintain a descending consolidation within the falling wedge. However, the price is consolidating along the support line at $0.1 and hence an upswing appears imminent, which may elevate the levels close to the resistance.&nbsp;
Besides, if the bears continue to exert more pressure, then a drop to the support of the wedge close to $0.88 may occur, followed by a rebound and a strong breakout to $1.2.

Dogecoin Price Analysis: Here’s When DOGE Price Could Trigger a 35% Upswing!

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