Based

2024

Toncoin

Dogecoin

Reversal

Dogecoin Price Analysis: <a href="https://coingape.com/markets/dogecoin-price-analysis-key-support-level-to-post-bitcoin-halving/">DOGE</a>, the largest meme cryptocurrency by market cap recently rebounded from the 50% retracement level at $0.14, following the completion of the fourth Bitcoin halving. On Monday, the <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/">BTC price</a> reclaimed $65000 support triggering a relief recovery in the broader market. Will the post-halving rally bolster the Dogecoin price to surpass the $0.2 barrier? 
Also Read: <a href="https://coingape.com/sponsored/sagemate-predicts-toncoin-to-15-tami-crypto-bullish-on-dogecoin-as-kangamoon-maintains-its-impressive-price-rally/">Sagemate Predicts Toncoin to $15, Tami Crypto Bullish on Dogecoin, As KangaMoon Maintains Its Impressive Price Rally</a> 
<h2 id="b-will-doge-price-reversal-surpass-0-2-b">Will DOGE Price Reversal Surpass $0.2?</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/6/6SGK3i1b.png" alt="CRYPTO:DOGEUSD Chart " width="1946" height="893">
 <figcaption class="wp-caption-text">
 Dogecoin Price| Tradingview
 </figcaption>
</figure> 
In the week of the fourth Bitcoin Halving, the <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/">Dogecoin price</a> bottomed its current correction trend at the confluence of 50% Fibonacci retracement level and $0.14 support. The renewed demand pressure has uplifted the DOGE price by 12.2% within five days to currently trade at $0.158. 
<blockquote>
 If the buying momentum persists, the DOGE price is poised for another 10% surge and challenges the downsloping trendline which led to the current correction trend. A successful breakout above this barrier will signal an end-of-correction trend and bolster buyers for higher rallies.
</blockquote> 
A post-breakout rally could chase a potential target of $0.2, followed by $0.22. 
Also Read: <a href="https://coingape.com/sponsored/analysts-back-dogecoin-to-1-with-traders-also-bullish-on-new-dogeverse-meme-coin/">Analysts Back Dogecoin to $1 With Traders Also Bullish On New Dogeverse Meme Coin</a> 
<h2 id="strong-analyst-highlights-key-technical-pattern-for-dogecoin-s-bullish-outlook-strong">Analyst Highlights Key Technical Pattern for Dogecoin’s Bullish Outlook</h2> 
Renowned crypto trader Alicharts has shared an intriguing chart pattern for Dogecoin, hinting at its potential trajectory. According to the analysis, Dogecoin has recently broken out of a descending triangle formation, a technical indicator that traders often interpret as a bullish sign. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is showing its classic pattern once again! <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> is currently consolidating after breaking out from a descending triangle. 
 Based on past trends, we might just see <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> rocket towards $1 in the coming weeks! <a href="https://t.co/dEWeVWLIHR">pic.twitter.com/dEWeVWLIHR</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1781994369316225274?ref_src=twsrc%5Etfw">April 21, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Based on historical trends, the DOGE price has exhibited this pattern on two previous occasions, each preceding significant bull runs. If these patterns continue to be reliable indicators, Dogecoin might be poised for an aggressive ascent toward the $1 threshold in the forthcoming weeks. 
<h2 id="b-technical-indicator-b">Technical Indicator</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The DOGE price rebounded from the 100-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> slope, indicating the border on this asset remains bullish.</li> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> slope reverted to a neutral zone reflecting a positive shift in market sentiment.&nbsp;</li> 
</ul> 
The post <a href="https://coingape.com/markets/historical-patterns-hints-dogecoin-price-target-1-in-weeks/">Historical Patterns Hints Dogecoin Price May Target $1 in Upcoming Weeks</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Historical Patterns Hints Dogecoin Price May Target $1 in Upcoming Weeks

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