Dogecoin

bullish

World

Kevin

<p><a href="https://bitcoinist.com/x-dogecoin-payments-feature/" rel="nofollow">Dogecoin (DOGE)</a> was one of the tokens significantly affected by the recent crypto market crash. With the <a href="https://bitcoinist.com/crypto-market-recovery-ahead-jpmorgan-highlights-buy-the-dip-moment/" rel="nofollow">crypto market recovering</a>, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support.&nbsp;</p> 
<h2 id="dogecoin-bounces-off-key-support-with-0-1-in-sight">Dogecoin Bounces Off Key Support With $0.1 In Sight</h2> 
<p><a href="https://www.newsbtc.com/news/ripple/xrp-price-break-bull-pattern/">Crypto analyst World of Charts</a> mentioned in an X (formerly Twitter) <a href="https://x.com/WorldOfCharts1/status/1820666428694958471" rel="nofollow">post</a> that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give “massive returns” in the coming months.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-633715" src="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-1.png?w=460&amp;resize=460%2C261" alt="Dogecoin 1" width="460" height="261" srcset="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-1.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-1.png?w=460&amp;resize=460%2C261 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p><a href="https://bitcoinist.com/bitcoin-ethereum-outperform/#:~:text=Crypto%20analyst%20Crypto%20Kaleo%20has,to%20have%20on%20ETH's%20price." rel="nofollow">Crypto analyst Crypto Kaleo</a> <a href="https://x.com/vijaysiag/status/1820456154276975045" rel="nofollow">highlighted</a> Dogecoin’s impressive bounce above $0.09, with the critical support level of $0.1 currently in sight for the foremost meme coin. Like World of Charts, Crypto Kaleo also suggested that the recent price crash for DOGE was a massive investment opportunity considering the heights the meme coin could still reach in <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">this bull run.</a>&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-633716" src="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-2.png?w=460&amp;resize=460%2C208" alt="Dogecoin 2" width="460" height="208" srcset="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-2.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-2.png?w=460&amp;resize=460%2C208 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>The analyst labelled the drop below $0.1 as a “gift” while predicting that Dogecoin will still <a href="https://bitcoinist.com/dogecoin-doge-price-can-reach-1/" rel="nofollow">rise to $1</a> in the next few months. In a more recent analysis, Crypto Kaleo opined that the worst is over for Dogecoin and that DOGE’s drop to around $0.08 <a href="https://bitcoinist.com/can-dogecoin-reach-0-2/#:~:text=Crypto%20Analyst%20Reveals%20Bearish%20Expectations,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20CrediBULL%20Crypto%20has,low%20as%20%240.5%20soon%20enough." rel="nofollow">was likely the bottom</a>.&nbsp;</p> 
<p>He explained that he feels good about where major cap tokens have currently dipped to and doesn’t see them going much lower. As such, Dogecoin is unlikely to dip to between $0.06 and $0.07, which he had expected earlier. As to what is next for Dogecoin, Crypto Kaleo mentioned that the meme coin will experience “several months of chop” in the $0.08 to $0.13 range before it enjoys that parabolic rally to $1 in early 2025.&nbsp;</p> 
<h2 id="doge-not-yet-out-of-the-woods">DOGE Not Yet Out Of The Woods</h2> 
<p><a href="https://bitcoinist.com/crypto-analyst-says-dogecoin-could-rally-2500-presents-possible-targets/" rel="nofollow">Crypto analyst Kevin Capital</a> (formerly OG Yomi) recently offered a different view and <a href="https://x.com/Kev_Capital_TA/status/1820981869422293255" rel="nofollow">suggested</a> that DOGE could still experience a significant price drop before reclaiming the $0.1 support zone. The analyst claimed that Dogecoin is “definitely” still in a downtrend and “has a lot of work to do” before it can flip bullish on its current price structure.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-633717" src="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-3.png?w=460&amp;resize=460%2C269" alt="Dogecoin 3" width="460" height="269" srcset="https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-3.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/08/Dogecoin-3.png?w=460&amp;resize=460%2C269 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>However, he noted that the foremost meme coin showed a lot of “resilience” to close the three-day candle above the three-day 200 <a href="https://bitcoinist.com/is-bitcoin-heading-for-fresh-lows/" rel="nofollow">simple moving average (SMA)</a>. He further remarked that <a href="https://bitcoinist.com/dogecoin-ethereum-founder/" rel="nofollow">Dogecoin’s</a> successful break out above $0.143 would be key to creating a new bullish structure. Kevin is one of the crypto analysts who is most bullish on Dogecoin, as he once <a href="https://bitcoinist.com/crypto-analyst-says-dogecoin-could-rally-2500-presents-possible-targets/" rel="nofollow">predicted</a> that the meme coin could rise to as high as $3 in this market cycle.</p> 
<p>At the time of writing, Dogecoin is trading around $0.098, down almost in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/rMxocidY/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1518">

Dogecoin Bounces Off Key Support Following Crash Below $0.1

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