Dogecoin

bullish

Bitcoin

when

<p><a href="https://u.today/dogecoin-doge-crashes-to-012-on-coinbase-but-this-market-metric-hints-at-hope" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE), the king of the meme coins, appears set for a rally that could see its price soar by up to 30%. As per the Bollinger Bands signal, a rebound is imminent, and it could see DOGE soar to over $0.16 if market indications align.</p>
<h2 id="bollinger-bands-indicate-dogecoin-could-target-0-16">Bollinger Bands indicate Dogecoin could target $0.16</h2>
<p>According to<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">CoinMarketCap data</a>, Dogecoin’s lower Bollinger Bands show the meme coin’s price at $0.1226, while the upper bands sit at $0.1554. If market forces align and ecosystem bulls support the meme coin, a rally is possible.</p>
<p>Notably, the difference between the lower and upper Bollinger Bands is approximately 30%. Thus, if DOGE breaks by at least this percentage, the asset could climb over $0.16.</p>
<p>Within the last 24 hours, Dogecoin has climbed from a low of $0.1207 to $0.1285. This suggests that the meme coin is in a bullish mode and could continue on this momentum. As of press time, Dogecoin is changing hands at $0.1257, which represents a 3.36% increase within the period.</p> <img src="https://u.today/sites/default/files/inline-images/screenshot%20%2829%29.png" alt="Dogecoin price chart">
<p>The trading volume has also soared by 5.39% to $1.38 billion as investors rekindle interest in the meme coin amid a market rebound. The crypto market is posting a notable recovery and has climbed by 1.79% in the last 24 hours.</p>
<p>Dogecoin’s current price is an improvement from the last 24 hours, when it dropped to $0.1226, which<a href="https://u.today/dogecoin-up-2563-in-liquidation-imbalance-as-crypto-meltdown-persists" rel="noopener noreferrer nofollow">triggered 2,563% in liquidation</a>. The development caused significant losses for bullish traders, causing concerns for investors.</p>
<h2 id="rsi-shows-bearish-pressure-easing-for-dogecoin">RSI shows bearish pressure easing for Dogecoin</h2>
<p>Meanwhile, technical indicators indicate that the bearish momentum is flattening. The asset’s Relative Strength Index (RSI) is at 40.3, which signals that the meme coin might sustain the current rebound moves.</p>
<p>Dogecoin has been signaling bullish moves this January, with investors betting on a rally. With the broader crypto market rebound showing recovery and Bitcoin also climbing, DOGE is likely to achieve the $0.16 price zone if volume continues to soar.</p>
<p>As U.Today reported, on-chain analytics platform Santiment highlighted Dogecoin as one of the crypto assets<a href="https://u.today/dogecoin-doge-back-on-traders-radar-after-key-move-details" rel="noopener noreferrer nofollow">generating hype among traders</a>. Such a development amid a broader recovery is likely to act as support for Dogecoin's bullish rise.</p> <a href="https://u.today/dogecoins-doge-30-price-breakout-incoming-bollinger-bands-signal" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Dogecoin's (DOGE) 30% Price Breakout Incoming, Bollinger Bands Signal

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