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The Dogecoin price prediction renews the bullish trend after touching the 9-day moving average and hitting a daily high of $0.406.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.430
- Dogecoin market cap – $58.77 billion
- Dogecoin circulating supply – $146.90 billion
- Dogecoin total supply – $146.90 billion
- Dogecoin Coinmarketcap ranking – #7
Dogecoin (DOGE) is a prime example of the rewards of early involvement in crypto projects. Trading between $0.3815 and $0.4159 in the past 24 hours, DOGE remains significantly below its all-time high of $0.7376 (May 8, 2021). However, its meteoric rise from an all-time low of $0.00008547 (May 7, 2015) to current levels represents a staggering 464,612.9% increase, showcasing the potential of spotting and holding promising projects early. Despite being 46.15% below its peak, DOGE’s growth story emphasizes why timing and patience are crucial in the crypto space.
DOGE/USD Market
Key Levels:
Resistance levels: $0.520, $0.540, $0.560
Support levels: $0.280, $0.260, $0.240
Analyzing the DOGE/USD daily chart reveals a notable shift in momentum, with Dogecoin breaking out of its previous short-term downtrend. The price action shows consistent respect for key support levels, notably around $0.400, a solid foundation for bullish attempts. Recent candlestick patterns highlight the emergence of buyer strength, suggesting a transition into an uptrend that aligns with growing market optimism.
Dogecoin Price Prediction: DOGE May Continue the Bullish Movement
Looking at the daily chart, the Dogecoin price is likely to break more upsides as the price touches the daily high of $0.406. However, the moving averages (MAs) further confirm this momentum shift as the 9-day MA has begun to slope upwards and acts as dynamic support, with the price staying above this key average. Additionally, the 21-day MA shows signs of flattening, which could lead to a bullish crossover in the coming days. However, such a development would typically reinforce confidence among buyers and attract new market participants.
Nevertheless, the trend remains in the hands of the bulls, supported by the technical indicator, where the 9-day moving average keeps hovering above the 21-day moving average. Meanwhile, a break above the upper boundary of the channel may most likely push the coin to the potential resistance levels at $0.520, $0.540, and $0.560, while a break below the moving averages could lead to the supports of $0.280, $0.260, and $0.240, respectively.
DOGE/BTC Heads to the North
Against Bitcoin, the Dogecoin price is heading to the upside and trading above the 9-day and 21-day moving averages. Meanwhile, the bulls are now pushing the price toward the channel’s upper boundary; crossing above this barrier could take the price to the resistance level of 520 SAT and above.
However, if the coin heads to the downtrend, crossing below the 921-day moving average could bring it to the critical support level of 350 SAT and below. Meanwhile, the technical indicator shows that the 9-day MA remains above the 21-day MA, suggesting more bullish signals within the channel.
Nevertheless, @TATrader_Alan, a prominent analyst with over 64k followers on X (formerly Twitter), has identified consistent bullish signals on Dogecoin’s daily chart. According to their analysis, $DOGE is breaking out from another bullish pennant pattern, with a projected target of $0.830. 🚀🔥
Non-stop Bullish signals on #Dogecoin daily chart 🔥🔥$Doge is now BREAKING OUT from a Bullish Pennant again.
✍️ Target at $0.83 🚀 pic.twitter.com/IDTthbYctP— Trader Tardigrade (@TATrader_Alan) November 19, 2024
Alternatives to Dogecoin
The DOGE/USD chart signals a strong uptrend, aiming to break the $0.440 resistance, which could lead to a rally toward $0.500, provided buying momentum, market optimism, and volume remain strong. Simultaneously, Pepe Unchained, a promising new ICO blending meme coin popularity with real utility, has raised over $41 million, gaining traction in a bullish market driven by Bitcoin nearing all-time highs. Together, these developments underscore growing enthusiasm in the crypto space for both established tokens and innovative new projects.
PEPE UNCHAINED RAISES $41,000,000 Next 10X Potential Crypto
Pepe Unchained is a fast-rising ICO combining the viral appeal of meme coins like Pepe the Frog with real-world utility, including a decentralized exchange and staking. Offering a low entry price and high potential, this token presents a prime opportunity for investors seeking the next big breakout in the crypto space. Don’t miss your chance to invest early and maximize your gains.
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