Is Dogecoin (DOGE) Price Preparing for a Massive Move: Will a 20% Rise be Materliased With the Next Move?
Release: 2024/05/29 21:54 Reading: 771
Is Dogecoin (DOGE) Poised for a Substantial Rally: Can a 20% Surge Be Achieved?
Despite fluctuating market sentiments, many tokens struggle to maintain their gains. Dogecoin, the popular memecoin, is no exception and is preparing for a significant move. Currently trading within a tight range due to limited buying volume, can Dogecoin trigger a 20% upswing to overcome bearish pressure?
Dogecoin's rapid rise once overshadowed other cryptocurrencies. However, since its infamous 2021 decline, the memecoin has lost momentum. Additionally, newer memecoins have captured some of the spotlight, leaving Dogecoin in their shadow.
Now, Dogecoin mirrors the performance of other altcoins, and a sharp rise seems challenging but possible.
As illustrated in the graph, Dogecoin trades within an ascending range but also within a rising wedge. This pattern typically signifies a minor pullback, indicating a temporary weakening of bullish sentiment. The Directional Movement Index (DMI) is neutral, while the Ichimoku cloud suggests a potential reversal. However, for a bullish crossover to occur, further consolidation is necessary. Nonetheless, current conditions indicate accumulating pressure, likely resulting in a breakout, possibly to the upside.
Initially, Dogecoin's price could increase by 8-10%, reaching a key resistance level of $0.18. If bullish momentum persists, a rise above $0.2 is possible, potentially surpassing the current year's highs. This trading scenario suggests a low risk of a retracement, but if bears gain control, a decline below $0.15 could be imminent.
Recent news
More>- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
- PEPE Now Available for New York Users to Trade on Coinbase 11-28
- Tether Discontinues Support for EURT Stablecoin: Here’s Why 11-28
- Best Trending Meme Coins in December 2024: 6.5 Billion Coins Sold in BTFD Coin’s Ongoing Presale, Pepe Coin and Ponke on the Rise 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- Missed PEPE? Don’t Miss Out on This New Token That’s Breaking Records at Lightning Speed 11-28
- CHILLGUY meme coin could be at risk as smart money sells 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com