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Dogecoin Price Prediction: DOGE, a leading meme coin, has experienced a significant downturn over the past 24 hours after the bearish trend. As of the time of the report, <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> is trading at $0.1159, with a strong decrease of 7.30% in the European trading session.&nbsp; 
According to data from <a rel="nofollow" href="https://coinmarketcap.com/currencies/dogecoin/">CoinMarketCap</a>, Dogecoin now ranks ninth by market capitalization, which has also dipped by 7% to $17 billion. The trading volume substantially increased, up 124% to approximately $724 million over the last 24 hours. 
<h2 id="span-style-font-weight-400-dogecoin-price-prediction-anticipating-the-next-moves-span">Dogecoin Price Prediction: Anticipating the Next Moves</h2> 
The meme coin Dogecoin has entered a phase of market stabilization over the last week, with its price orbiting the $0.12 mark. In recent times, specifically since early June, the cryptocurrency has seen a 26% reduction in value, breaching a critical level at $0.16.&nbsp; 
This shift has contributed to a pessimistic sentiment among traders, resulting in a downward price action. During the past week, Dogecoin’s trading activity fluctuated between $0.12 and $0.1180, mirroring broader market volatility prompted by a decrease in <a href="https://coingape.com/heres-why-bitcoin-price-fell-suddenly-below-65k/">Bitcoin price</a>, now below $63,000. 
<figure id="attachment_204006" aria-describedby="caption-attachment-204006" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-204006" src="https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42.png" alt="Dogecoin Price Prediction: Can DOGE Hit $0.09 This Week Despite a Bearish Trend?" width="1279" height="686" srcset="https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42.png 1279w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-36-42-150x80.png 150w" sizes="(max-width: 1279px) 100vw, 1279px">
 <figcaption id="caption-attachment-204006" class="wp-caption-text">
 Dogecoin Price Prediction
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</figure> 
This bearish trend is further evidenced by a 13% decrease in the daily count of active <a href="https://coingape.com/markets/dogecoin-price-prediction-as-whale-activity-surges-could-0-03-be-next-amid-bearish-trend">DOGE</a> addresses engaging in transactions, as reported by analytics firm <a rel="nofollow" href="https://app.santiment.net/charts">Santiment</a>. Moreover, data from <a rel="nofollow" href="https://app.intotheblock.com/register">IntoTheBlock</a> indicates a noticeable drop in the volume of large Dogecoin transactions within the last 30 days, signaling a potential pullback by major investors. 
<h2 id="span-style-font-weight-400-technical-indicators-point-to-continued-bearishness-span">Technical Indicators Point to Continued Bearishness</h2> 
<a href="https://coingape.com/markets/dogecoin-price-analysis-reasons-doge-sell-off-below-0-1-imminent">Dogecoin</a> is currently teetering on a pivotal support level. If this level breaks, DOGE could push the price below $0.11.&nbsp;Such a move would likely target a descent to the $0.1 support area. A further souring in market sentiment could drag Dogecoin down to the $0.09 mark. This scenario would indicate a market heavily dominated by sellers. 
Conversely, a revival in bullish forces might drive the <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/">Dogecoin price prediction</a> above the $0.12 threshold. Crossing this barrier could set the stage for an ascent toward $0.15, and if bulls mount more pressure, Surpassing the $0.2 mark could alter its typical trading dynamics, potentially setting sights on a $0.3 peak.&nbsp; 
The daily technical indicators for Dogecoin show that the cryptocurrency is in a downward trend. The Moving Average Convergence Divergence (MACD) shows a bearish signal. The MACD and signal lines trend below zero, generally indicating a selling opportunity. The Relative Strength Index (RSI) suggests that Dogecoin is entering oversold territory. 
<figure id="attachment_204004" aria-describedby="caption-attachment-204004" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-204004" src="https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14.png" alt="Dogecoin Price Prediction: Can DOGE Hit $0.09 This Week Despite a Bearish Trend?" width="1279" height="686" srcset="https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14.png 1279w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/06/DOGEUSD_2024-06-24_11-30-14-150x80.png 150w" sizes="(max-width: 1279px) 100vw, 1279px">
 <figcaption id="caption-attachment-204004" class="wp-caption-text">
 Dogecoin Price Prediction: Source: <a rel="nofollow" href="https://www.tradingview.com/x/kVKKr9oV/">Tradingview</a>
 </figcaption>
</figure> 
The Awesome Oscillator (AO) displayed a value of -0.02462, signaling potential bearish momentum as the red bars on the histogram extend below the zero line. The Average Directional Index (ADX) also stands at 39, suggesting a strong directional movement. 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-how-to-survive-escalating-doge-price-dive/">Dogecoin Price Prediction: How To Survive Escalating DOGE Price Dive</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: How To Survive Escalating DOGE Price Dive

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