Dogecoin

bullish

Bitcoin

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<p>With a new 52-week higher formation at $0.4389, last seen in May 2021, the Dogecoin price rally is gaining momentum. Dogecoin's market cap exceeds $53B, accounting for nearly half of the meme coin's market cap, $110B.&nbsp;</p>   
<p>However, a pullback in Bitcoin results in a minor step back in the DOGE price.&nbsp; Will this pullback result in a bearish reversal in the biggest meme coin? Find out more about Coinpedia’s latest Dogecoin price analysis.</p>   
<h2 class="wp-block-heading" id="h-dogecoin-price-performance">Dogecoin Price Performance</h2>   
<p>With a rounding bottom breakout, the reversal rally exceeds the 61.80% Fibonacci level at $0.23. Last week, the Doge price jumped by 83.64%, followed by a 32% recovery this week.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/13131552/image-210-1024x509.png" alt="DOGECOIN Price Chart" class="wp-image-379214">
</figure>   
<p><a href="https://www.tradingview.com/x/baBxqfvE/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Currently, the Dogecoin price is trading at $0.3670, maintaining dominance above the 78.60% Fibonacci level at $0.3463. The bullish reversal in the meme coin started from the 23.60% Fibonacci level, slightly below the $0.10 psychological mark.&nbsp;</p>   
<p>Since then, the Doge price has increased by nearly 300% in less than three months. The bullish trend is approaching its all-time high level of $0.73905 at high momentum.&nbsp;</p>   
<p>As the buying pressure grows, the 50 and 200-week SMA lines give a golden crossover with an uptick in the 100-week SMA. Furthermore, the MACD and Signal lines skyrocket with a positive crossover with skyscraping bullish histograms.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-doge-price-targets">DOGE Price Targets</h2>   
<p>If the bull run sustains a closing price above $0.3463 this week, the Dogecoin price rally will likely extend to the $0.50 psychological mark.&nbsp;</p>   
<p>On the flip side, the intraday pullback of 3.24% could result in a minor retest of the $0.3463 or $0.30 levels. This will provide a retest opportunity for price action traders hoping for a post-retest reversal.</p>   
<p>Will the Dogecoin rally hit $1 in 2024? Read Coinpedia’s<a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener"> DOGE price prediction</a> for 2024-2030 to find out.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-faqs">FAQs:</h3>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731484030159">
  <strong class="schema-faq-question">What is the next target for Dogecoin’s bull run?</strong> 
  <p class="schema-faq-answer">The immediate target is $0.50, with the potential to challenge the all-time high of $0.73905 if the momentum sustains.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731484036249">
  <strong class="schema-faq-question">What key levels should traders watch?</strong> 
  <p class="schema-faq-answer">Key support levels include $0.3463 and $0.30, while resistance lies at $0.50 and the all-time high at $0.73905.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731484037065">
  <strong class="schema-faq-question">What signals indicate continued bullish momentum for Dogecoin?</strong> 
  <p class="schema-faq-answer">The golden crossover of the 50 and 200-week SMA, strong MACD histograms, and dominance above the 78.60% Fibonacci level at $0.3463 point to sustained bullish momentum.</p> 
 </div> 
</div>

Dogecoin Price Analysis: Bull Run Targets $0.50 This November?

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