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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/dogecoin-rally-begins-will-doge-price-jump-10x-to-reach-1/">Dogecoin Rally Begins, Will DOGE Price Jump 10x To Reach $1?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Taking a bullish stand in the Uptober season, the DOGE price rose by 21% in the last two weeks of October. Sustaining the uptrend momentum, Dogecoin gives a long-term pattern breakout, teasing a trend reversal to reach the $0.10 mark. 
Moreover, recently, the $3 million short Liquidations showcased a stronger bullish support for the memecoin. As the biggest meme coin per market cap, <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin price predictions</a> hint at a bull run as 2023 ends. 
<h2 class="wp-block-heading" id="h-uptrend-begins-in-dogecoin">Uptrend Begins In Dogecoin!</h2> 
Captain Faibik, a crypto trader and analyst, tweets about the possibility of a Dogecoin reaching the $1 mark in this bull run.&nbsp; 
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 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> Bull run has officially Started <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> could reach $1 within the next 6 Months. Mark my Words. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.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">#Crypto</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> <a href="https://twitter.com/hashtag/DOGEUSDT?src=hash&amp;ref_src=twsrc%5Etfw">#DOGEUSDT</a> <a href="https://t.co/6EhArkRIir">pic.twitter.com/6EhArkRIir</a>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1722464961648079330?ref_src=twsrc%5Etfw">November 9, 2023</a>
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The DOGE price action analysis displays a rally ready to begin by showing a triangle breakout in the long-term weekly chart. Accounting for slightly more than a 1000% jump, Dogecoin presents itself as a great investment opportunity.&nbsp; 
Given a 6 months timeframe, Captain Faibik remains optimistic about the breakout rally reaching the psychological mark of $1.&nbsp; 
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 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-1024x480.png" alt="" class="wp-image-243272" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/09112016/DOGEUSD_2023-11-09_10-12-40.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
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Following the double bottom reversal from $0.057, Dogecoin prices continue to form higher high formations and ride the market recovery rally as Bitcoin touches $36K. Further, the uptrend in DOGE price exceeds the 200-day EMA to reach the $0.077 mark.&nbsp; 
With a price jump of 30% in the last three weeks, the meme coin gives a bullish breakout of a long-coming falling wedge. As the uptrend concludes the prevailing medium-term downtrend, the breakout rally continues to gain momentum.&nbsp; 
Currently, the DOGE price is trading at $0.0770 with an intraday growth of 2.39%, reflecting a boost in momentum. Moreover, the bullish engulfing candle teases a new breakout entry spot for sideline traders.&nbsp; 
Technical indicators: 
MACD indicator: The MACD and signal lines continue the uptrend after avoiding a death cross event.&nbsp; 
EMA: The declining gap between the 50-day and 200-day EMA teases a golden crossover possibility. The crossover will certify the trend reversal in meme coins and signal an entry spot for buyers.&nbsp; 
<h2 class="wp-block-heading" id="h-will-doge-price-reach-1">Will DOGE Price Reach $1?</h2> 
Following the wedge breakout and the triangle breakout in the weekly chart, the DOGE price rally is about to begin. Further, the upcoming bullish catalysts like the golden crossover, $0.10 breakout, and the upcoming altseason can fuel the rally in meme coins.&nbsp; 
Therefore, the possibility of Dogecoin reaching the psychological mark of $1 seems highly likely. However, the volatility in crypto, especially meme coins, is notable and may result in some shakeouts.&nbsp; 
On the flip side, a fall below the $0.070 mark can result in a price drop to $0.066.

Dogecoin Rally Begins, Will DOGE Price Jump 10x To Reach $1?

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