2024

Strong

Dogecoin

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The DOGE price shows a notable rise and sustained above the $0.1500 mark.</a></li>
 <li><span>2</span> <a>Bulls are gaining traction and making attempts to catch the $0.2000 mark soon.</a></li>
</ul>
<p>The beloved memecoin, DOGE, witnessed a giant bull run and indicated the potential of the bulls in the last sessions. The DOGE crypto entered the top 10 list with a remarkable surge of 40% this week and 98% in the previous month. The trend is intact, and the coin is poised to extend its upside to $0.2000 soon.</p>
<p>Following the crypto market surge, Dogecoin also replicated a strong buying interest with a notable bounce and glimpsed a multi-year range breakout, leading to a sharp surge in the last week. Amidst the volatile market, DOGE’s price persisted in upholding the gains and jumped above the key moving averages.</p>
<p>At press time, the Dogecoin (DOGE) price was trading at $0.1727 with an intraday drop of 1.00%, indicating neutrality on the charts. It has a weekly return ratio of 13.35% and 113.55% on a monthly basis. The pair of DOGE/BTC is at 0.00000237 BTC, and the market cap is $24.33 Billion. Analysts are bullish and suggest the DOGE coin price will continue to acquire gains and may soon register a sharp rally above the $0.2000 mark.</p>
<h2 class="wp-block-heading" id="strong-doge-regained-strength-a-strong-contender-to-look-out-for-in-2024-strong"><strong>DOGE Regained Strength: A Strong Contender to Look Out for in 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-1024x346.png" alt="Dogecoin price" class="wp-image-196798" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-278.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The above data shows Dogecoin’s price and volume graph (DOGE), signifying an impressive rise in the past sessions. Since the start of this month, aggressive buying momentum has led to a massive spike in price and trading volume. A golden crossover was witnessed, and significant investor interest led to a sharp jump of over 90% in the price this month. The trading volume replicated a massive bounce and pumped to $4.67 Billion. However, the intraday trading volume was noted at $2.37 Billion, with a drop of 12%.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-on-a-lowering-rate-what-does-it-mean-strong"><strong>Price Volatility on a Lowering Rate; What Does It Mean?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-1024x346.png" alt="Dogecoin price" class="wp-image-196799" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-279.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The price volatility keeps declining, with a steady price movement, and the curve witnessing a decline of over 30% to 0.018. However, the weighted sentiment bounced back from -0.070 to -0.061. It reveals that the sentiments are settled now, and investors are paying attention to the coin, leading to a rise in the past weeks. Furthermore, the market cap indicates an impressive increase of over 90% to $24.49 Billion.</p>
<h2 class="wp-block-heading" id="strong-social-dominance-and-development-activity-analysis-strong"><strong>Social Dominance and Development Activity Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-1024x346.png" alt="Dogecoin price" class="wp-image-196800" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-280.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The Social dominance activity witnessed stability near the mark of 0.972% and glimpses of neutrality, whereas the development activity declined and slipped to 0.619; a negative outlook was indicated through it.</p>
<h3 class="wp-block-heading" id="strong-total-supply-and-funding-rate-overview-strong"><strong>Total Supply and Funding Rate Overview</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="346" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-1024x346.png" alt="" class="wp-image-196801" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-1024x346.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-300x101.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-768x260.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-1536x519.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-750x254.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281-1140x385.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-281.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Santiment
  </figcaption>
 </figure>
</div>
<p>The total supply of Dogecoin keeps rising at 141.18 billion, whereas the total number of holders rose over 4% to 6.30 million, revealing the positive development by the investors. Moreover, the total funding rate noted a rise and jumped to 0.077%.</p>
<h3 class="wp-block-heading" id="strong-dogecoin-witnessed-range-breakout-can-doge-skyrocket-to-0-2000-strong"><strong>Dogecoin Witnessed Range Breakout; Can DOGE Skyrocket to $0.2000?</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-1024x474.png" alt="" class="wp-image-196802" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-282.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: DOGE Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, <a href="https://www.thecoinrepublic.com/2024/03/08/will-dogecoin-reach-1-a-complete-analysis-of-doge-meme-coin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> has given a multi-year breakout and replicated the bullish marubozu candlestick. Furthermore, the sellers look trapped, and buyers are aggressively uplifting the coin, leading to a sharp bounce of over 90% this month.</p>
<p>The Relative Strength Index (RSI) curve stays near 78 in the overbought zone, forming a positive divergence on the charts. Similarly, the MACD indicator shows a bullish crossover and replicates bull accumulation.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The Dogecoin (DOGE) price replicates a bullish momentum and has witnessed a range breakout on the charts. Furthermore, the trend is intact, and buyers persist in accumulation, which may soon lead to an intense bull rally.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1680 and $0.1600</p>
<p><strong>Resistance Levels:</strong> $0.1860 and $0.2000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Dogecoin Price Analysis: Are Bulls Getting Ready for a Rally?

Table of Contents

Thecoinrepublic.com

Other articles published on Mar 13, 2024

The Raffle Coin (RAFF) Presale Harnesses Huge Solana (SOL) & Ethereum (ETH) Investment As 100X Di...

Pepe Coin Soars 12% As Speculations Build Over Elon Musk’s PEPE Promotion

Bitcoin (BTC) at $80,000 Might Become Reality, Is XRP Breaking Down at $0.73? There's Major Probl...

Crypto Thief Behind $23.5 Million Bitrue Heist Resurfaces, Sells Millions in Ethereum

Bull Run Surge: Chainlink (LINK) & Polkadot (DOT) Investors Rush to Secure Kelexo (KLXO) Presale ...

5 Undervalued Cryptocurrencies Ready for 500% Growth

Join our free newsletter for daily crypto updates!