Ethereum

Rally

Cryptocurrency

Bitcoin

Dogecoin

<img width="1200" height="800" src="https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382.jpg" class="attachment-full size-full wp-post-image" alt="Dogecoin Price" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382.jpg 1200w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/12/dogecoin-yuzde-812-deger-kazandi-9EL-e1704351952382-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px">
Dogecoin price prediction: DOGE, the leading meme coin, is showing remarkable strength on Monday, outpacing&nbsp;<a href="https://coingape.com/markets/bitcoin-price-prediction-as-btc-makes-final-turn-into-pre-halving-rally-58000-next/">Bitcoin (BTC)</a>&nbsp;and other major altcoins. While most cryptocurrencies are facing headwinds, Dogecoin has risen by 4% in a day to $0.0874, with a trading volume of $577 million and a market cap of $12.5 billion. 
<h2 class="p1" id="dogecoin-price-prediction-doge-outpaces-bitcoin">Dogecoin Price Prediction: DOGE Outpaces Bitcoin</h2> 
Dogecoin holds above three bull market indicators backed by the 20-day Exponential Moving Average (EMA), the 50-day EMA and the 200-day EMA. 
In addition to this bullish outlook is a buy signal from the Moving Average Convergence Divergence (MACD) whose position above the neutral line reinforces the bullish grip. 
<figure id="attachment_181323" aria-describedby="caption-attachment-181323" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-181323" src="https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34.png" alt="Dogecoin price prediction chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34.png 2710w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/02/DOGEUSD_2024-02-19_21-18-34-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-181323" class="wp-caption-text">
 Dogecoin price prediction chart | Tradingview
 </figcaption>
</figure> 
Should DOGE break and close the day above the hurdle highlighted by the yellow band, buy orders will surge as traders rush to capitalize on the potential run above $0.1 and subsequently to $0.15. 
Failure to break above the range resistance could keep&nbsp;<a href="https://coingape.com/markets/dogecoin-price-prediction-as-pattern-signals-rally-0-1/">Dogecoin</a>&nbsp;moving sideways with the primary support at $0.075 (grey band) holding. 
Traders should also focus on buying dips. Many tokens including DOGE are quickly filling these gaps as they collect liquidity to keep moving higher. 
Several factors are preparing Dogecoin for a rally in the coming weeks including the persistent increase in the number of addresses. Blockchain data from IntoTheBlock DOGE addresses with balance ticked up to 5.9 million from 5.42 million on January 1. 
The meme coin’s 8% surge indicates that its adoption is rising steadily. More investors are flocking to DOGE, betting on a massive rally. If the momentum persists in the next months, Dogecoin’s price prediction of $0.15 could be too low, opening the door for a breakthrough above $1. 
<figure id="attachment_181324" aria-describedby="caption-attachment-181324" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-181324" src="https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z.png" alt="Dogecoin addresses with a balance" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z.png 1200w, https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z-300x200.png 300w, https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z-768x512.png 768w, https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z-150x100.png 150w, https://coingape.com/wp-content/uploads/2024/02/ITB_doge_total_addresses_dogecoin_2024-02-19T17_51_44.663Z-272x182.png 272w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption id="caption-attachment-181324" class="wp-caption-text">
 Dogecoin addresses with a balance&nbsp;| ITB
 </figcaption>
</figure> 
Over 87% of all Dogecoin holders are in profit compared to only 11% facing unrealized losses based on the IOMAP model by&nbsp;<a rel="nofollow" href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=inAndOut">IntoTheBlock</a>. The most significant support area runs from $0.0799 to $0.0825. 
<figure id="attachment_181325" aria-describedby="caption-attachment-181325" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-181325" src="https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24.png" alt="Dogecoin IOMAP model" width="2420" height="906" srcset="https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24.png 2420w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-300x112.png 300w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-1224x458.png 1224w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-768x288.png 768w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-1536x575.png 1536w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-2048x767.png 2048w, https://coingape.com/wp-content/uploads/2024/02/Screenshot-2024-02-19-at-21.18.24-150x56.png 150w" sizes="(max-width: 2420px) 100vw, 2420px">
 <figcaption id="caption-attachment-181325" class="wp-caption-text">
 Dogecoin IOMAP model | ITB
 </figcaption>
</figure> 
At least 312,500 addresses purchased 16.65 billion DOGE at an average price of $0.0811. Meanwhile, there are few and less impactful pain points on the upside, with the area between $0.09 and $0.093 standing out as the biggest stumbling block to the expected rally above $0.1. 
Dogecoin price has a bullish outlook as it enjoys solid support and faces little resistance. 
<h3 class="p1" id="related-articles">Related Articles</h3> 
<ul> 
 <li><a href="https://coingape.com/markets/ethereum-price-how-eth-supply-dynamics-give-it-an-edge-over-bitcoin/" target="_blank" rel="noopener">Ethereum Price: How ETH Supply Dynamics Give It an Edge Over Bitcoin</a></li> 
 <li><a href="https://coingape.com/markets/3-reasons-why-graph-grt-price-surge-over-50/" target="_blank" rel="noopener">3 Key Reasons Why Graph (GRT) Price Surge Over 50% In a Week</a></li> 
 <li><a href="https://coingape.com/markets/cryptocurrency-market-analysis-today-february-19th-eth-stx-wld/" target="_blank" rel="noopener">Cryptocurrency Market Analysis For February 19th: ETH, STX, WLD</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-how-doges-growing-adoption-could-trigger-rally-above-0-15/">Dogecoin Price Prediction: How DOGE’s Growing Adoption Could Trigger Rally Above $0.15</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction: How DOGE’s Growing Adoption Could Trigger Rally Above $0.15

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 19 thg 2, 2024

Nightingale Developer Removes AMD FSR 3 Support Ahead of Launch

Bitcoin dad’s beef with daughter goes viral after Musk response

Mass Exodus From Avalanche (AVAX) & Solana (SOL) Into Kelexo (KLXO) Presale As Investors Sell At ...

Ripple Hints at Big Custody Plans in New Job Offer

Partech secures $300m to invest in Africa, expands operations into Lagos with new office

BitcoinCash Weekly News February 19th 2024 by the Bitcoin Cash Foundation

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