Rally

2024

Dogecoin

Captain

Verge

<ul>
 <li>Dogecoin (DOGE) price climbed approximately 3% this week, nearing $0.0811.</li>
 <li>DOGE exhibits a symmetrical triangle consolidation pattern, suggesting potential high volatility.</li>
 <li>Analysts anticipate a breakout if DOGE breaches triangle resistance at $0.09, potentially leading to a 30% surge.</li>
</ul>
<p>The price of the meme cryptocurrency <a href="https://thenewscrypto.com/?s=Dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) has climbed roughly 3% this week to trade near $0.0811. The mid-cap altcoin now signals an imminent bullish breakout as technical and on-chain factors align for further upside after a grueling two-year bear market.</p>
<p>A confluence of tailwinds seems to be propelling the Elon Musk-backed token as the wider crypto space awakens from its slumber in 2023. For starters, Dogecoin has carved out a symmetrical triangle consolidation on its price chart, typically a precursor to high volatility.</p>
<h2 class="wp-block-heading" id="h-can-dogecoin-surge-higher">Can Dogecoin surge higher?</h2>
<p>Crypto analyst Captain Faibik notes DOGE appears on the verge of breaching triangle resistance around $0.09. A convincing move above that level could ignite a 30% price explosion toward the psychologically important 10 cent mark.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> is on the Verge of Symmetrical Triangle Breakout..!!<br><br>In Case of Upside Breakout, Expecting +30% Bullish Rally in the Short term. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://t.co/j1WL8mv33u" rel="noopener noreferrer nofollow">pic.twitter.com/j1WL8mv33u</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1757278097269719205?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Additionally, if Dogecoin can close consistently above its 200-week moving average, currently around $0.06, it would confirm a new rising trend emerging. This key moving average held stoutly as support during past crypto bull runs.</p>
<p>Fundamentals likely support the bullish DOGE narrative as well. Statistics show the network now supports nearly 7 million non-zero addresses, highlighting deep liquidity. Also, real-world integration continues to expand through payments and an upcoming SpaceX moon project.</p>
<p>Of course, sustaining any post-breakout Dogecoin upside hinges on broader crypto strength persisting. However, with Bitcoin crossing $50,000 this week for the first time since 2021, the environment seems ripe for mean coin mania to return.</p>
<p>So as legacy holders continue accumulating DOGE near multi-year lows, the stage may be set for fireworks if overhead resistance gives way. The coming weeks seem poised to redefine Dogecoin’s outlook after years of false starts. An enduring break past 10 cents would reinvigorate the bull case for one of crypto’s most iconic pioneers.</p>

Dogecoin (DOGE) Poised for 30% Breakout Rally to 10 Cents, Here’s Why

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 14 thg 2, 2024

Bitcoin Soars, Hitting New Biennial Peak as Market Cap Exceeds $1 Trillion

Bitcoin Price Hits $51K: Greed Fuels Rally, But Caution Urged

Two outsiders, Celestia (TIA) & Kaspa (KAS), continue to profit, but why is DeeStream (DST) presa...

Ripple Acquires Standard Custody & Trust To Expand U.S. Financial Product Offerings Despite Ongoi...

Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

Angel Drainer targets users with malicious Safe contract: $403K stolen

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!