DOGE-1

Dogecoin

Captain

Elon Musk

<p>The post <a href="https://coinpedia.org/price-analysis/dogecoin-doge-price-poised-for-30-spike-soon/">Dogecoin (DOGE) Price Poised For 30% Spike Soon</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Dogecoin (DOGE), the largest and oldest meme coin secured through a proof-of-work (PoW) consensus mechanism, has signaled a bullish outlook in the near term as Bitcoin (BTC) crossed $50,000 for the first time in 24 months. According to the latest market data, Dogecoin’s price gained about 3 percent in the past 24 hours to trade around $0.083 on Tuesday during the early London session.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-why-bet-on-doge-now">Why Bet on DOGE Now</h2> 
<p>The mid-cap altcoin – with a fully diluted valuation (FDV) of $12 billion and a 24-hour trading volume of about $400 million – has been preparing for an inevitable bullish breakout in the near term. Moreover, Dogecoin price has been trapped in a macro bear market consolidation for over two years and has undeniably accumulated significant buyers from retail and institutional investors.</p> 
<p>As of this report, the Dogecoin network had about 6.9 million non-zero addresses, thus helping increase its liquidity. Worth noting that Tesla CEO Elon Musk has given Dogecoin notable real-world utility, including payment integration and the upcoming DOGE-1 mission to the moon with SpaceX.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-price-analysis-and-short-term-expectations-nbsp">Dogecoin Price Analysis and Short-Term Expectations&nbsp;</h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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">#Crypto</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://t.co/j1WL8mv33u">pic.twitter.com/j1WL8mv33u</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1757278097269719205?ref_src=twsrc%5Etfw">February 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>From a technical standpoint, famous crypto analyst Captain Faibik expects the Dogecoin price to break out soon as bullish pressure increases. The crypto analyst highlighted that the Elon Musk-backed meme coin is on the precipice of a symmetrical triangle breakout that could lead to a 30 percent rally toward 10 cents. For the Dogecoin price to establish a rising trend, the meme coin has to consistently close above the 200 weekly Moving Average (MA).&nbsp;</p>

Dogecoin (DOGE) Price Poised For 30% Spike Soon

Table of Contents

CoinPedia News

Other articles published on Feb 13, 2024

Founders Fund Buys $200M Worth of BTC and ETH Ahead of the Bull Run

Huge Statement: Expert says Kelexo (KLXO) lending platform will hit 25x in months as Dogecoin (DO...

Ripple Secures Strategic Expansion In the U.S. Through Acquisition Of Standard Custody & Trust Co...

Ethereum Whale Goes All in on ETH in Brave Move as Price Skyrockets

Crypto Scammer Ian Freeman Ordered to Pay $3.5M Restitution

Why is the Crypto Market Up Today? Here Are The Top Factors

Join our free newsletter for daily crypto updates!