2024

Dogecoin

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<p>The post <a href="https://coinpedia.org/price-analysis/doge-price-braces-for-26-explosive-jump-in-february/">DOGE Price Braces for 26% Explosive Leap Past $0.10 This Week!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the markets remain slow on Monday, the blues are affecting the major altcoins and resist any sharp movement in the bigger coins. Similarly, the biggest meme coin in history, the DOGE price trend, is sticking to the 200D EMA.</p> 
<p>However, the rising network activity boosts the anticipation for a bull run in Dogecoin as the parabolic growth catches the eye of the industry. Will this recovery drive the DOGE price beyond $0.10? Read our <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">DOGE price prediction</a> NOW to find out.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-dogecoin-under-pressure-eyes-bullish-recoil">Dogecoin Under Pressure Eyes Bullish Recoil</h2> 
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 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-1024x464.png" alt="" class="wp-image-267017" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/05124523/image-34.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Source: <a href="https://www.tradingview.com/x/17iJ3vS8/">Tradingview</a></p> 
<p>Maintaining a lower high trend continuation, the DOGE price action forms a descending triangle, with the 200D EMA as the baseline. Moreover, the declining trend in trading volume teases a sideways continuation.&nbsp;</p> 
<p>However, the growing RSI divergence in the daily chart teases a bullish surge coming for the mem coin in the week. Currently, Dogecoin is trading slightly above the 200D EMA at $0.0776.</p> 
<p>With the 890,000 new Dogecoin addresses, the growth over the DOGE network is remarkable over the week. However, the lack of reflection in the DOGE price teases a quick move if the overall market recovers.&nbsp;</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Dogecoin network activity goes parabolic — Will DOGE price follow?<br><br>Dogecoin network activity has surged in the past week, but DOGE price hasn’t moved yet.<br>Dogecoin is experiencing a significant increase in its network activity. Data from market intelligence firm IntoTheBlock… <a href="https://t.co/7bS4jGYhcv">pic.twitter.com/7bS4jGYhcv</a></p>— talkboutmegain (@Talkboutmegain) <a href="https://twitter.com/Talkboutmegain/status/1754041570326917165?ref_src=twsrc%5Etfw">February 4, 2024</a>
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<p>Further, as per @ali_charts, a crypto analyst, the Bollinger bands indicate the tightest squeeze in this memecoin since October 2023. This increases the chances of a breakout to enter a supersonic price move.&nbsp;However, the breakout of either bands will provide a better entry signal for sideline traders. </p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The Bollinger Bands on <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> four-hour chart are experiencing the tightest squeeze since October 2023, signaling an impending spike in <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> price volatility. <a href="https://t.co/ynQNXVfhxI">pic.twitter.com/ynQNXVfhxI</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1754293256597475664?ref_src=twsrc%5Etfw">February 4, 2024</a>
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<h2 class="wp-block-heading" id="h-will-doge-price-reach-0-10">Will DOGE Price Reach $0.10?</h2> 
<p>As the RSI divergence grows intense and the network health fuels the bull run anticipation, the squeezing DOGE price shows high breakout potential. With the breakout momentum, Dogecoin can easily challenge the bearish presence at the $0.10 mark.&nbsp;</p> 
<p>On a contrary note, if the consolidation breaks below the 200D EMA, the altcoin may drop to $0.075.</p>

DOGE Price Braces for 26% Explosive Leap Past $0.10 This Week!

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