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 <p><a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> has been stuck on a downward trend line for nearly three years, with occasional price spikes, but none too large. However, Thursday marked a key achievement for DOGE that may see it start to rally. <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> reached a new yearly high of $0.106, breaking out from its descending resistance trend line.</p> 
 <p>The high was coincidentally reached on <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>’s 10th anniversary. The Relative Strength Index (RSI) for DOGE is above 50 and increasing, both signs of a positive trend in momentum. Furthermore, the RSI has nearly moved above 70 (green icon), crossing into overbought territory.</p> 
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  <img decoding="async" width="1024" height="681" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Dogecoin: Can DOGE Reach $0.50 in 2023?" class="wp-image-85870 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 1536w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 800w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp.webp 1920w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1024w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 300w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 768w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1536w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 380w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 550w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 800w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1160w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1920w" data-eio="j">
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   <img decoding="async" width="1024" height="681" src="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp" alt="Dogecoin: Can DOGE Reach $0.50 in 2023?" class="wp-image-85870" srcset="https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1024w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 300w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 768w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1536w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 380w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 550w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 800w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1160w, https://cdn.thebittimes.com/images/2023/12/08/bc82648840faed1a285812c06f70a812.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Forbes
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 <p><strong>Also Read: VanEck Predicts First Spot Bitcoin ETF Approval for Q1 2024</strong></p> 
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 <h2 class="wp-block-heading" id="h-will-dogecoin-rally-after-reaching-0-10">Will Dogecoin Rally after Reaching $0.10?</h2> 
 <p>As <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> gains momentum and successfully breaches various resistance levels, the prevailing question among investors centers on its potential to go as high as $1. The entire crypto market as a whole has been on the rise over the past month. While the latest prices of <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> have been bearish, the trend for DOGE has been rather bullish.</p> 
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 <p><strong>Also Read: Why is <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> up by 16% Today?</strong></p> 
 <p>Now that DOGE has broken past the descending resistance trend line, if it can stay on an upward trajectory to break the ascending resistance line, DOGE can begin a big rally. The resistance area this year for DOGE has been at $0.095. A successful breakout for <a rel="dofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> can lead to a 50% increase beyond $0.10 to the next resistance at $0.145.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/dogecoin-reaches-0-10-is-doge-set-to-begin-it-s-rally-tbt72987.html">https://thebittimes.com/dogecoin-reaches-0-10-is-doge-set-to-begin-it-s-rally-tbt72987.html</a></p>

Dogecoin Reaches $0.10, Is DOGE set to Begin It's Rally?

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