Dogecoin

bullish

2024

Bitcoin

<p>With the price of Bitcoin reclaiming $58K, the crypto market has recorded a strong bullish recovery. Moreover, the memecoin category has gained significant traction over the past week. This has resulted in many tokens recording double-digit gains.</p>   
<p>Following this, memecoin leader, Dogecoin (DOGE) price has successfully reclaimed the $0.1 mark. With this, questions like “How high is DOGE going?” and “Is this the right time to invest in memecoins?” have surfaced on the internet.</p>   
<p>Dive in as, in this article, we have covered the market sentiments, price analysis, and possible price targets of the largest memecoin by market capitalization.</p>   
<h2 class="wp-block-heading" id="h-doge-coin-price-on-the-verge-of-a-major-breakout">DOGE Coin Price On The Verge Of A Major Breakout?</h2>   
<p>With a jump of 3.26% within the past 24 hours, the Dogecoin price has successfully retested its support level of $0.101. Moreover, it is on the verge of testing its resistance trendline of the symmetric triangle pattern. However, the outcome of this is uncertain.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMypRf9IXiv9KYiiMcsjMspHvwhtjqT_GSi5C-6L9Dc0PZP0NfMJ3Wzp_voP45r1KgM2n7uW-4c5Rm4_Rztm5IKAUtnW44gZDpsvYyZWpEr4xCXLxvtzPxsJ_AW1InqagOyw-XcTmkYGcNmzxMRFGeJebr?key=516aoPRb9mBOeMcm36e6Qg" alt="Dogecoin Price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: DOGE/USDT
 </figcaption>
</figure>   
<p>Moreover, it has added 5.05% over the past week. Despite recording a correction of ~1% during the past 30 days it has recorded a Year-to-Date (YTD) return of 17.13%. With a market cap of $15.29 Billion, it has secured the 08th position in the market.</p>   
<h2 class="wp-block-heading" id="h-dogecoin-market-sentiments">Dogecoin Market Sentiments</h2>   
<p>The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram. Further, its averages show a rising pattern. This suggests an increase in the bullish action.</p>   
<p>Despite, the 50-day EMA acting as a resistance to the price chart in the 1D time frame, the averages have recorded a bullish curve in the longer time frame. This highlights that the memecoin leader will continue gaining value this week.</p>   
<h2 class="wp-block-heading" id="h-how-high-is-doge-going">How High Is DOGE Going?</h2>   
<p>A bullish breakout could result in it heading toward its resistance level of $0.12730. Moreover, if the market continues to gain momentum, the Dogecoin price may rise toward its upper high of $0.15575.</p>   
<p>On the flip side, a trend reversal could pull its price toward its support trendline of the triangle pattern. Further, an increased bearish action could result in it plunging toward its crucial low of $0.0780.</p>   
<p>Also read, <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin Price Prediction</a> 2024 - 2030</p>

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