Shiba

2024

Dogecoin

Coin

<img width="1200" height="578" src="https://coingape.com/wp-content/uploads/2024/01/h6iFolkb-e1706626548584.png" class="attachment-full size-full wp-post-image" alt="Dogecoin Price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Dogecoin Price Prediction: Despite the wider market downturn, <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> has impressively maintained its value above the $0.075 support level. The cryptocurrency has rebounded three times from this mark, indicating active buyer accumulation at lower prices, which signals a positive sentiment in the market. However, Dogecoin’s upward movement is currently capped at the $0.0877 resistance level, leading to a period of lateral trading. Could the ongoing market reversal provide the necessary momentum for DOGE to initiate a lasting recovery? 
<h2 id="b-combined-support-bolsters-doge-for-fresh-recovery-b">Combined Support Bolsters DOGE For Fresh Recovery</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The DOGE price is trapped in a sideways trend wobbling between the $0.087 and $0.0753 horizontal levels</li> 
 <li style="font-weight: 400;" aria-level="1">A confluence of technical level at $0.075 creates a high demand zone for traders.</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in Dogecoin is $405.5 Million, indicating a 7.84% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/h/h6iFolkb.png" alt="Dogecoin Price Prediction" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Dogecoin Price Prediction| TradingView Chart
 </figcaption>
</figure> 
January 2024 has seen significant volatility for Dogecoin (DOGE), as its price fluctuated sharply between the $0.087 and $0.0753 levels. Despite the broader downturn in the cryptocurrency market, Dogecoin has impressively held above the $0.075 support level, indicating strong buyer interest at these lower prices.&nbsp; 
The daily timeframe chart reveals that this support level coincides with the 61.8% Fibonacci retracement level and the 200-day EMA, making it a key focus point for buyers. The recent rebound from the EMA slope has led to a 6.5% increase in Dogecoin’s value over the week, with its current price at around $0.081. 
<blockquote>
 Moreover, the <a href="https://coingape.com/dogecoin-new-addresses-soar-1100-doge-price-to-hit-0-1/">Dogecoin</a> network is experiencing an extraordinary surge in growth that has caught the crypto community’s attention. According to insights shared by renowned crypto analyst @ali_chart, new addresses on the Dogecoin network have surged by a staggering 1,100% over the past week.&nbsp;
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week! 
 On January 29 alone, a record-breaking 247,240 new <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> addresses were created, marking an all-time high. A sustained uptrend in network… <a href="https://t.co/7tNAPzJaP2">pic.twitter.com/7tNAPzJaP2</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1752256455762194482?ref_src=twsrc%5Etfw">January 30, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
On January 29th, the network saw a historic milestone with a record-breaking 247,240 new DOGE addresses created, setting an all-time high. This remarkable expansion in the network could have a positive impact on the value of $DOGE in the near future. 
<h2 id="b-will-dogeprice-regain-0-1-b">Will Dogeprice Regain $0.1?</h2> 
With the network’s development and a recovering broader market, the <a href="https://coingape.com/cuban-confirms-dallas-mavericks-still-accept-dogecoin-is-doge-set-for-a-rise-in-2024/">DOGE</a> price is poised to potentially break through the overhead resistance at $0.087. A successful breach of this resistance could amplify buying momentum and propel Dogecoin’s value by 22% to reach the upper boundary of a long-standing triangle pattern at $0.107.&nbsp; 
If this bullish breakout from the pattern occurs, it could signal an early indication of a trend reversal for Dogecoin. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Directional Moving Index: A potential bullish crossover between DI+ and DI- slope could assist DOGE in returning to a recovery state&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The flattish 50-and-200-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> reflects the short-term trend that is currently sideways.</li> 
</ul> 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/markets/3-best-crypto-to-buy-today-30-jan-btc-sol-manta/">3 Best Crypto To Buy Today 30 Jan: BTC, SOL, MANTA</a></li> 
 <li><a href="https://coingape.com/wen-crypto-solana-meme-coin-challenges-dogecoin-shiba-inus-dominance/">Solana’s WEN Meme Coin Challenges Dogecoin &amp; Shiba Inu’s Dominance</a></li> 
 <li><a href="https://coingape.com/markets/crypto-price-prediction-today-january-30-btc-avax-sui/">Crypto Price Prediction For January 30: BTC, AVAX, SUI</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-support-aligns-for-22-surge-doge/">Dogecoin Price Prediction: Multiple Support Aligns for a 22% Surge in $DOGE Value</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: Multiple Support Aligns for a 22% Surge in $DOGE Value

目次

Coingape News Media

2024年1月30日公開の他の記事

This Indicator Shows Kaspa is Bullish on All Timeframes; Will $KAS Hit New ATH in February?

Charles Hoskinson Dismisses Cardano’s ADA Drop Prediction

Floki restricts Hong Kong staking after Securities Commission’s warning

Altcoins to Look Out in February 2024: STORJ, RNDR, ICP, & FET Price to Rise High

dYdX Foundation seeks $30M funding for three-year plan

Binance Labs invests in Ethereum liquid restaking protocol Puffer

ニュースレターを購読して暗号資産の最新情報を毎日入手！