Dogecoin

Based

bullish

<p>With the memecoin market cap hitting $69.80 billion, Dogecoin is leading the memecoin wave. Dogecoin price has increased by 23% in the last 24 hours and has reclaimed a $0.20 psychological mark. Further, with the 24-hour high at $0.2193, Dogecoin has hit a market cap of $30.32 billion.&nbsp;</p>   
<p>As the trading volumes inch closer to $10 billion, Dogecoin price analysis reveals a massive upside potential. Will this bull run extend to the long-awaited $1.001 price target? Let's find out.</p>   
<h2 class="wp-block-heading" id="h-doge-price-breakout-run-eyes-52w-high">DOGE Price Breakout Run Eyes 52W High</h2>   
<p>In the daily chart, the Dogecoin price action reveals a falling wedge breakout rally gaining momentum. This has led to a surge above the 78.60% Fibonacci level at $0.1930. With three consecutive bullish candles, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC price</a> has increased by nearly 40% within 72 hours.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/06124034/image-70-1024x510.png" alt="DOGE price chart" class="wp-image-376475">
</figure>   
<p><a href="https://www.tradingview.com/x/O0QWmUj2/" target="_blank" rel="noreferrer noopener">TradingView</a></p>   
<p>As the Dogecoin price reclaims the $0.20 psychological mark, the golden crossover between the 50-day and 200-day <a href="https://coinpedia.org/traders/exponential-moving-average-ema/" target="_blank" rel="noreferrer noopener">EMA</a> gains gap. Furthermore, the 100-day EMA completes a crossover above the 200-day EMA. Hence, the exponential moving averages support an uptrend continuation.&nbsp;</p>   
<p>Similarly, in support, the rising momentum has led to a positive continuation between the <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" target="_blank" rel="noreferrer noopener">MACD</a> and signal lines with resurfacing bullish histograms. The intraday candle shapes a massive bullish engulfing candle and teases a new 52-week high above the $0.22899.&nbsp;</p>   
<p>Based on the Fibonacci retracement levels, a breakout above the 52-week high will likely result in a price jump to $0.2976 or the 1.618 Fibonacci level.&nbsp;</p>   [post_titles_links postid="376643"]   
<h2 class="wp-block-heading" id="h-will-dogecoin-price-hit-1">Will Dogecoin Price Hit $1?</h2>   
<p>In the weekly chart, based on the Fibonacci retracement over the 2021-22 bearish cycle, Dogecoin price action shows a rounding bottom reversal from the 200-week EMA. This surpasses the 23.60% Fibonacci level at $0.1770 and is heading towards the $0.25 or 38.20% level.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/06124032/image-69-1024x510.png" alt="Dogecoin price chart " class="wp-image-376474">
</figure>   
<p><a href="https://www.tradingview.com/x/am3rWSq4/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>As the weekly EMAs align positively with the MACD and signal line, marking a positive crossover, Dogecoin shows a rounding bottom breakout potential. The neckline of the rounding bottom pattern coincides with the 52-week high. A bullish breakout could likely result in a price jump to $0.5690 by the end of the year.&nbsp;</p>   
<p>However, for an extended run to the $1 price target, the meme coin must surpass the $0.5690 neckline. This will significantly increase the chances of Dogecoin price hitting the 1.272 Fibonacci level at the $1 psychological mark.&nbsp;&nbsp;</p>   
<p>Also read: <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin price prediction </a>for 2024-2030.</p>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1730876844027">
  <strong class="schema-faq-question">Will Dogecoin (DOGE) Price Hit $1?</strong> 
  <p class="schema-faq-answer">As the crypto bull run begins, Dogecoin (DOGE) price chances of reaching $<strong>1 </strong>in 2025 have significantly increased.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730876891159">
  <strong class="schema-faq-question">What is the value of 1 DOGE?</strong> 
  <p class="schema-faq-answer">The current market value of 1 Dogecoin is <strong>$0.2042</strong></p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730876910929">
  <strong class="schema-faq-question">What is the immediate price target for Dogecoin?</strong> 
  <p class="schema-faq-answer">The breakout rally in Dogecoin above <strong>$0.23 </strong>can reach <strong>$0.3463</strong>.</p> 
 </div> 
</div>

Is Dogecoin Price Heading To $1 in this Crypto Bull Market?

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