Dogecoin

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 <p>One of the most popular meme coins on the market is amid a positive rally, with one major hurdle keeping <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> from possibly doubling its price. Indeed, one rather large obstacle stands in between the leading meme coin and a massive run that would solidify its bullish sentiment.</p>
 <p>Currently, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> is trading for $0.0815 and is up 2.71% over the last 24 hours. However, crypto analyst Ali Martinez has pointed out the major hurdle that awaits at the $0.087 mark. Resiliency beyond that mark could mean a massive upward trajectory for the meme coin.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp" alt="dogecoin doge" class="wp-image-119843" srcset="https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 550w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 800w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Dogecoin Surpasses 5 Million Addresses Amid Profitable Streak</strong></p>
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 <h2 class="wp-block-heading" id="h-one-hurdle-stands-in-the-way-of-dogecoin-price-doubling">One Hurdle Stands in the Way of Dogecoin Price Doubling?</h2>
 <p>Within the history of the digital asset sector, few tokens are as well known as <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>. Created as a meme of Bitcoin, the asset quickly established itself as a viable contender within the market. Subsequently, it created its very own subsect of digital asset, the meme coin.</p>
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 <p>Now, amid positive sentiments for the digital asset, there could be a far greater rally in-store. Indeed, Dogecoin could be set to double its price if it were to overcome one major hurdle standing in its way.</p>
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    <p lang="en" dir="ltr">#Dogecoin | On the weekly chart, $DOGE faces a major hurdle at $0.087. This crucial level is marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week EMAs.<br><br>Breaking past this barrier could open the gates for #DOGE to nearly double its price,… pic.twitter.com/ALOUDuwKAy</p>— Ali (@ali_charts) November 28, 2023
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 <p><strong>Also Read: Old <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>, New Tricks: Surge in Movement and Whale Activity</strong></p>
 <p>Specifically, Martinez notes the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Subsequently, he notes that “breaking past this barrier cold open the gates for DOGE to nearly double its price,” continuing its positive momentum.</p>
 <p>Moreover, Martinez noted that the aiming target after such a breakthrough would be $0.14. Additionally, the development arrives as the asset has recently observed 5 million DOGE addresses. The news solidifies the prevalence of the overall asset and its continued reach within the market.</p>
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 <p>A surge in <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>’s daily activity was also reported, noting the overall positive feelings abounding its performance. The $0.87 hurdle is certainly a difficult one to surpass, but it is not impossible. Over the last 7 days, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> has seen its value jump 11.02%, with the monthly chat showing an increase of 18.97%. Subsequently, reinforcing the possibility for such an obstacle to be overcome.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-how-doge-could-be-set-to-double-its-price-tbt72135.html">https://thebittimes.com/dogecoin-how-doge-could-be-set-to-double-its-price-tbt72135.html</a></p>

Dogecoin: How DOGE Could Be Set to Double its Price

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TheBitTimes

Ďalšie články zverejnené 30. 11. 2023

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