Convergence

Dogecoin

bullish

<ul class="wp-block-list"> 
 <li>DOGE trades at $0.1334, marking a gain of 9.10% over the last 24 hours.</li> 
 <li>The meme coin has witnessed a 24-hour liquidation of $5.45 million.</li> 
</ul> 
The Dogecoin (DOGE) price is on the rise, potentially shifting toward a bullish pattern, as recent technical indicators hint at the growing positive momentum. DOGE took hold of its ground at a potential resistance level, likely preventing further decline. 
DOGE’s price has surged over 9.10% in the last 24 hours. Notably, DOGE managed to record a high of $0.1359 and a low of $0.1208. Meanwhile, the meme coin’s daily trading volume has dropped down by 14% to $1.95 billion.&nbsp; 
At press time, Dogecoin was trading at $0.1334 with a market cap of $19.54 billion, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>. Moreover, the meme coin has witnessed a 24-hour liquidation of $5.45 million, as per Coinglass <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">data</a>. 
Notably, an analyst suggested that the <a href="https://x.com/btc_MasterPlan/status/1847024480826040816" target="_blank" rel="noreferrer noopener nofollow">price</a> of DOGE could reach $0.13 while everyone is asleep, in light of the potential price movement of DOGE.&nbsp; 
<h3 class="wp-block-heading" id="h-will-the-bullish-momentum-persist">Will the Bullish Momentum Persist?</h3> 
DOGE has registered a substantial price <a href="https://thenewscrypto.com/will-dogecoin-doge-challenge-previous-trends-after-a-11-surge/" target="_blank" rel="noreferrer noopener">surge</a> over the last seven days, with a 24% increase. At the beginning of the week, the meme coin was trading at $0.1074. In the following days, the token’s price steadily mounted to a high of $0.1274 without a fall back to the downside.&nbsp; 
If DOGE manages to climb further and break above the $0.1370 level, then it will likely test the $0.1415 resistance soon. However, if the bearish pressure pulls back the price and falls below $0.1268, it might test the $0.1220 <a href="https://thenewscrypto.com/can-doge-recover-from-market-lows-amid-whale-purchases/" target="_blank" rel="noreferrer noopener">support</a> zone.&nbsp; 
In addition, the Moving Average Convergence Divergence (MACD) of Dogecoin is currently above the signal line, suggesting a bullish sentiment that may impact its price momentum. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXchyGnmqMeBEQCmuzAZpYK5l4FbFpOvCP2YNhD8jGvWqZ1hrx-glV2WMT1zInRV6zmUx7d43M9KgiYkrthqLK7kOiqe4aQ41U-OSh9RO-SGItz8m5tw7Xu-IPE2cIF4_CCfB5zAXDDBEp-PzzM5U7FPjIDI?key=IYBKoG6JtB0U2THWXbdDcw" alt="">
 </figure>
</div> 
Notably, the current price momentum of DOGE triggered it to enter the overbought zone in the market, as indicated by the daily relative strength index (RSI) positioned at 70.60. Besides, the current brief bullish pattern and a buy signal are highlighted by the short-term 9-day MA standing above the long-term 21-day MA.&nbsp;

Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump

Table of Contents

TheNewsCrypto

Other articles published on Oct 18, 2024

Spot Bitcoin ETFs record over $2.1b inflows in five-day streak, breaking $20b mark

UAE’s Free Economic Zone to Introduce Legal Framework for DAOs

Bonk Coin Holders Switch To New Popular Meme Coin Cutoshi (CUTO) And Sui (SUI)

Grayscale Files to Convert Digital Large Cap Fund into Mixed Crypto ETF

Canary Capital Second to File for XRP ETF

Truth Terminal becomes the first AI crypto millionaire

Join our free newsletter for daily crypto updates!