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<p>As per crypto analyst Ali Charts, <a href="https://captainaltcoin.com/dogecoin-doge-price-is-gearing-up-for-another-bullish-leg-heres-why-0-20-is-next/" target="_blank">Dogecoin (DOGE)</a> is showing signs of a potential breakout that could result in a price rally of up to 45%. However, his analysis also suggests that there might be short-term volatility before this upward movement occurs.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-doge-pattern-points-to-a-potential-breakout-strong"><strong>DOGE Pattern Points to a Potential Breakout</strong></h2> 
<p>Ali Charts’ analysis, shared on X, reveals that Dogecoin is trading within a descending channel pattern. This pattern, characterized by declining highs and lows, has been guiding the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank">meme</a> coin’s price action for some time.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Dogecoin</a> keeps flirting with a bullish breakout, but patience might be key! The Stochastic RSI just had a bearish crossover, hinting at a potential short-term correction before the next move. <a href="https://t.co/IZNsTJHksT" target="_blank" rel="nofollow">pic.twitter.com/IZNsTJHksT</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1838778199561379896?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 25, 2024</a>
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<p>Currently, <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank">DOGE price</a> is nearing the upper boundary of this channel, which often signals a breakout if momentum shifts in a positive direction.</p> 
<p>Despite this, traders are advised to observe the market. The chart illustrates a possible 45% gain in price should the price break through this channel, but other indications, such as the Stochastic RSI, indicate that the path to higher prices may be complex.</p>  
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sei-price-explodes-but-will-sei-mirror-sui-and-solanas-runs/" target="_blank"><strong><em>SEI Price Explodes, But Will SEI Mirror SUI and Solana’s Runs?</em></strong><br></a></p> 
<h2 class="wp-block-heading" id="strong-stochastic-rsi-shows-bearish-crossover-strong"><strong>Stochastic RSI Shows Bearish Crossover</strong></h2> 
<p>In addition to the descending channel, Ali’s analysis highlights the Stochastic RSI indicator. Currently displaying a bearish crossover, this momentum indicator usually indicates a slowing down of upward momentum. The crossover implies that before Dogecoin resumes its possible surge, it could have a temporary downturn.</p> 
<p>Emphasizing the need of patience, Ali’s tweet cautioned traders about thinking through a little drop probability. The bearish crossover implies that before any consistent increase takes place, the price might have to consolidate.&nbsp;</p> 
<p>For Dogecoin in the near term, the declining channel pattern plus the bearish Stochastic RSI crossover offers a mixed picture. Although there is possibility for a price surge, it might follow a fleeting period of instability.</p> 
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noreferrer noopener nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noreferrer noopener">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noreferrer noopener">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noreferrer noopener nofollow">FREE Telegram group.</a></strong></em></p> 
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<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-price-could-rally-by-up-to-45-soon-but-theres-a-catch/">Dogecoin (DOGE) Price Could Rally by Up to 45% Soon, But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Price Could Rally by Up to 45% Soon, But There’s a Catch

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