Dogecoin (DOGE) outlook: historical pattern suggests explosive price surges

Dogecoin (DOGE) outlook: historical pattern suggests explosive price surges
фото показано с : invezz.com

2023-7-24 10:49

The original meme coin Dogecoin has maintained bearishness for about nine months. While invezz.com reported that leading themed cryptos struggled as new competitors dominated the market, analysts believe DOGE is ready for another breakout.

Dogecoin’s price movements showcase a descending triangle formation, which generally suggests bullishness for crypto. Twitter analyst @ali-charts revealed DOGE’s potential massive surge if historical setups repeat.

Dogecoin’s potential surges

The analyst stated that DOGE prices skyrocketed by 23,200% the last time it printed a descending triangle on the 30-day chart. Nevertheless, Ali pointed out that a monthly candlestick closing beyond $0.80 is essential to authorize the anticipated surges.

DOGE formed five lower highs on its 7-day chart from May 2021 to October 2022. Dogecoin saw immense buying momentum on 24 October 2022, triggering a breach of a long-term downward trend.

The action yielded a massive 163% uptick within two weeks to create the $0.1580 local high. Since then, DOGE has printed five lower highs. The cryptocurrency has recovered to switch the $0.0707 obstacle into support.

History repeat could see bulls pushing the digital asset towards $0.1060 resistance. Nonetheless, surpassing the closes hurdle of $0.0814 is crucial for such a move.

While the Dogecoin price largely depends on speculations, experts expect increased volatility for the POW-secured crypto in the near term.

Meanwhile, the DOGE community awaits integration with Twitter 2.0 and Musk’s X financial site for amplified real-world usage.

Bullish markets welcome new participants in the crypto market, leading to increased investments. Moreover, meme coins have proved integral in any crypto market cycle. With backing from prominent individuals like Elon Musk, DOGE price could explode should the altcoin overcome its prolonged downtrend. The Tesla executive’s updated X bio includes the Dogecoin symbol.

Source – Twitter screenshot

Dogecoin enthusiasts should consider broader market outlook for potential price movements in the upcoming sessions. Cryptocurrency prices remains down on Monday, with Bitcoin changing hands below the crucial $30K zone.

The post Dogecoin (DOGE) outlook: historical pattern suggests explosive price surges appeared first on Invezz.

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.1714 (-0.23%)
Объем 24H $616.342m
Изменеия 24h: 2.07 %, 7d: -0.12 %
Cегодня L: $0.1709 - H: $0.1734
Капитализация $25.469b Rank 8
Цена в час новости $ 0.0746599 (129.57%)

doge dogecoin cryptos struggled leading reported new

doge dogecoin → Результатов: 126


Dogecoin Price Patterns: DOGE Remains Stable at $0.17, Investors Participate in Coldware Presale For Bigger ROI

As Dogecoin (DOGE) maintains its stable price of around $0. 17 amidst a fluctuating market, investors are increasingly turning to Coldware (COLD) for better long-term returns. Despite Dogecoin (DOGE)’s resilience and strong community support, Coldware (COLD) presents a more scalable and utility-driven solution, making it an attractive investment opportunity as the market braces for the next […] The post Dogecoin Price Patterns: DOGE Remains Stable at $0.

2025-3-22 19:00


DOGE To $42 Is Laughable: Saturated Meme Markets Bring PEPE Down As New Remittix Rise Has Functionality

The idea of a DOGE $42 prediction has been bouncing around after one analyst claimed Dogecoin could soar over 12,611% from its current $0.3333 price. Though it might be a fun thought, many doubt whether Dogecoin (or DOGE) can pull off such an epic rally especially now that the meme-coin market feels oversaturated with players [...]

2025-1-31 16:43


Фото:

Dogecoin Price Prediction: Can DOGE 3x and Reach $1 in Bull Run as Next-Gen Altcoin Gains Traction

Dogecoin (DOGE) is back in the spotlight, surging 163.0% this month to hit $0.426—its highest level of the year. With crypto influencer DonAlt predicting a “second leg” of growth and Elon Musk’s tweets fueling excitement, many wonder: can DOGE 3x and reach $1? Meanwhile, JetBolt (JBOLT) is making waves with […]

2024-11-22 15:32


Dogecoin Community Celebrates DOGE Day – What Is It All About?

Today, the Dogecoin community, including investors, traders, and enthusiasts, are rallying to celebrate “DOGE Day,” an annual event dedicated to the beloved doggy-themed meme coin, Dogecoin (DOGE). Related Reading: Kraken Sacks 15% Of Staff—A Strategic Pivot For Growth Or A Risky Gamble? As an unofficial holiday for the Dogecoin community, DOGE Day brings together different […]

2024-11-3 02:30