Dogecoin

<p><em><strong>Dogecoin (DOGE) on the daily chart has formed an asymmetrical triangle, where buyers are working to keep the price above $0.090, but sellers are pushing it down despite their efforts.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>The asymmetrical triangle formation hints at a possible breakout for DOGE. However, before any <a href="https://cryptosheadlines.com/us-cpi-inflation-at-3-2-potential-rally-for-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">potential rally</a>, the price of the cryptocurrency might drop. Currently, DOGE is priced at $0.084.</p><h3 id="strong-analyzing-doge-price-movement-strong"><strong>Analyzing DOGE Price Movement</strong></h3><p>Indicators from the Relative Strength Index (RSI) are hinting at a decline in bullish control over DOGE’s price. If the RSI reading falls below 50.00, there’s a possibility that DOGE could drop to $0.080. However, bullish <a href="https://cryptosheadlines.com/winklevoss-claims-sec-pushes-investors-towards-risky-crypto-products-and-ftx/" rel="noopener noreferrer nofollow">investors are likely to attempt to push</a> the price higher.</p><p>For instance, in case sellers manage to pull down the price, DOGE might decline to $0.0823, aligning with the 0.236 Fibonacci retracement level. If the <a href="https://cryptosheadlines.com/dogecoin-price-bounces-back-following-2023s-biggest-doge-shorting/" rel="noopener noreferrer nofollow">price bounces back</a> from this point, DOGE could initiate an upward trend towards $0.133, corresponding to the 4.236 Fibonacci retracement level.</p><p>Conversely, the bullish outlook may be invalidated if the price falls below $0.080. Such a scenario would indicate increasing bearish <a href="https://cryptosheadlines.com/ethereum-bows-to-selling-pressure-as-bears-maintain-dominance/" rel="noopener noreferrer nofollow">dominance amidst heightened selling pressure</a>. In this case, DOGE could descend towards $0.071, potentially hindering any significant relief rally.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-30.png?resize&#61;640%2C420&amp;ssl&#61;1" /></p><p>DOGE/USD Daily Chart (Source: <a href="https://www.tradingview.com/x/Z8ook9L6/" rel="noopener noreferrer nofollow">TradingView</a>)</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="analyst-predicts-massive-breakout-for-doge-potential-surge-to-10">Analyst Predicts Massive Breakout for DOGE: Potential Surge to $10</h3><p>According to analyst Ali Martinez, a recent post on X suggests that Dogecoin (DOGE) may experience a significant breakout beyond the anticipated rise to $0.133. Martinez pointed out a <a href="https://cryptosheadlines.com/bonk-price-prediction-chart-pattern-suggests-end-of-correction-0-000025-possible/" rel="noopener noreferrer nofollow">pattern on the weekly chart</a> reminiscent of one observed in 2020.</p><p><a href="https://cryptosheadlines.com/japan-explores-vc-investment-in-crypto-and-web3-startups/" rel="noopener noreferrer nofollow">Also Read:   Japan Explores VC Investment in Crypto and Web3 Startups</a></p><p>During that period, Dogecoin’s price surged by a staggering 28,770%. Martinez’s analysis indicates that a potential breakout from the descending triangle pattern could catalyze another <a href="https://cryptosheadlines.com/bitcoins-volatility-indicator-signals-bull-run/" rel="noopener noreferrer nofollow">bull run</a> for DOGE. Based on the chart shared by Martinez, he <a href="https://cryptosheadlines.com/bonk-price-prediction-experts-suggest-potential-surge/" rel="noopener noreferrer nofollow">suggests that DOGE could potentially</a> approach the $10 mark at some point.</p><blockquote>The price action of <a href="https://twitter.com/hashtag/Dogecoin?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> is showing familiar patterns reminiscent of its 2020 behavior. Back then, <a href="https://twitter.com/search?q&#61;%24DOGE&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> broke out from a descending triangle, entered a period of consolidation, and then skyrocketed by 28,770%.Currently, <a href="https://twitter.com/hashtag/DOGE?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> appears to be mirroring this pattern: having… <a href="https://t.co/69yXnlYRJd" rel="noopener noreferrer nofollow">pic.twitter.com/69yXnlYRJd</a>— Ali (&#64;ali_charts) <a href="https://twitter.com/ali_charts/status/1760921211251425472?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2024</a></blockquote><h3 id="technical-indicators-hint-at-doge-s-potential-upside">Technical Indicators Hint at DOGE’s Potential Upside</h3><p>On the 4-hour DOGE/USD chart, the Supertrend indicator revealed a sell signal near $0.089, explaining the struggle for the coin to surpass $0.090. However, the same indicator indicated a buy signal at $0.083.</p><p>Traders who purchase DOGE around this level might find profitability if the price rebounds from the lows. Additionally, the <a href="https://cryptosheadlines.com/smart-money-flows-in-shib-gala-chz-top-token-inflow-list/" rel="noopener noreferrer nofollow">Money Flow</a> Index (MFI) surged to $65.30, indicating a notable increase in capital inflow.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-30.png?resize&#61;640%2C420&amp;ssl&#61;1" /></p><p>DOGE/USD 4-Hour Chart (Source: <a href="https://www.tradingview.com/x/WG6zYqsB/" rel="noopener noreferrer nofollow">TradingView</a>)</p><p>This uptick serves as evidence of mounting buying pressure. With continued upward pressure, <a href="https://cryptosheadlines.com/doge-price-prediction-rally-with-5m-addresses/" rel="noopener noreferrer nofollow">DOGE’s price may be primed for a significant rally</a>. If the price manages to breach $0.090, DOGE could potentially target $0.13 in the short term.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Reasons Dogecoin (DOGE) Could Reach $10 During the Bull Run

目錄

CryptosHeadlines.com

在 2024年2月24日發表的其他文章

6 Top Crypto Projects Expected to Launch Airdrops This Year

Ripple’s XRP Maintains Popularity Despite Ongoing Legal Battle with SEC

Why Is the $50,000 BTC Support Level Rejecting Further Dips in Bitcoin’s Price?

Influencers Rush to Buy DeeStream (DST) Platform While Ethereum (ETH) Hits $3,000 Mark & Litecoin...

Shiba Inu whale reportedly offloads 421 billion SHIB

Renowned writer Robert Kiyosaki’s Bitcoin crash plan

訂閱免費電子報，每天收取加密貨幣最新動態！