Price: $0.19595 0.8402%
Market Cap: 28.75B 1.1164%
Volume (24h): 4.37B 0.2%
Dominance: 1.1164%
Price: $0.19595 0.8402%
Market Cap: 28.75B 1.1164%
Volume (24h): 4.37B 0.2%
Dominance: 1.1164% 1.1164%
  • Price: $0.19595 0.8402%
  • Market Cap: 28.75B 1.1164%
  • Volume (24h): 4.37B 0.2%
  • Dominance: 1.1164% 1.1164%
  • Price: $0.19595 0.8402%
Home > Information news > Dogecoin Gains Momentum, Sets Sights on Reaching $0.15

Dogecoin Gains Momentum, Sets Sights on Reaching $0.15

Release: 2023/12/07 08:02 Reading: 367

Original author:Crypto News Land

Original source:https://coinmarketcap.com/community/articles/6570fceb84e172648db52168

Dogecoin Gains Momentum, Sets Sights on Reaching $0.15

  • Dogecoin aims for $0.15 after a 24% weekly gain, breaking key resistance.
  • Positive crypto market sentiment persists despite Bitcoin’s 75% Fear and Greed Index.
  • DOGE’s bullish shift is marked by a 50-day EMA breakthrough.

Dogecoin (DOGE) stands out, surging by an impressive 24% over the past week. This bullish momentum has catapulted DOGE beyond critical resistance levels, positioning it to target the significant milestone of $0.15.

Despite Bitcoin’s Fear and Greed Index hitting 75% in recent days, indicating a mixed sentiment, the overall outlook within the crypto sphere remains notably upbeat. The current market environment anticipates a potential retracement to crucial support levels.

Amid this broader bullish wave, Dogecoin has displayed notable strength and resilience. Having faced a challenging period during the bear market, with a drastic price drop of over 90%, DOGE struggled to regain bullish traction. However, recent developments have marked a significant shift in its trajectory.

Breaking free from its previous downtrend channel, Dogecoin surged past the pivotal 50-day Exponential Moving Average (EMA). This breakthrough serves as a clear signal of a transition from a bearish to a bullish trend, further solidified by a substantial rise above the key resistance level of $0.095.

The current market analysis suggests a robust posture for DOGE, holding firm above the crucial $0.095 mark. Analysts are eyeing a potential surge that could drive Dogecoin’s price toward the targeted zone of $0.15. This positive outlook is supported by its sustained position above the daily 50% Fibonacci retracement and reinforced by the strong buy volume highlighted by the Moving Average Convergence Divergence (MACD) indicator.

Presently exchanging hands at $0.1019, Dogecoin has recently crossed the psychological threshold of $0.10, showcasing a 15% surge in the last 24 hours. 

Read also:

The post Dogecoin Gains Momentum, Sets Sights on Reaching $0.15 appeared first on Crypto News Land.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.