Home > Information news > Dogecoin Price Prediction:Bulls hold support, expect a surge

Dogecoin Price Prediction:Bulls hold support, expect a surge

Release: 2024/02/05 20:31 Reading: 911

Original author:Coingabbar

Original source:https://coinmarketcap.com/community/articles/65c0cee87147b27d37feb737

Dogecoin Price Prediction:Bulls hold support, expect a surge

  • DOGE established a support base near $0.07500 and successfully breached both the $0.09000 level and a descending triangle pattern.

  • However, the subsequent price surge proved short-lived, leading to a decline below $0.08000.

  • On the daily chart, $DOGE exhibits tight trading within a narrow range, characterized by short candle bodies.

  • The #Dogecoin price trend remains above the 200-day Exponential Moving Average (EMA).

  • A descending triangle pattern is evident in the price action, maintaining a continuation of lower highs.

  • The recent bounce back faces resistance from the 50-day EMA, suggesting the potential for a double bottom reversal.

  • For a potential recovery wave, the price needs to clear the $0.0830 levels.

  • According to Coingabbar Price Analysis, indicates that the minimum Dogecoin Price Prediction 2030 will be around $1.00.

KEY LEVELS :

RESISTANCE LEVEL : $0.08500-$0.09100

SUPPORT LEVEL : $0.07600-$0.07200

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice

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.