Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3?

Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3?

The post Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3? appeared first on Coinpedia Fintech News

With a jump of ~7% in the past 24 hours, the DOGE meme coin has maintained its bullish sentiment in the cryptocurrency market. Notably, with a trading volume of $4.192 billion, the Dogecoin price is currently exchanging hands at $0.210.

Amid present market sentiments, will the DOGE price achieve a new yearly high over this weekend and head toward its $0.30 mark? Dive in to find out the possible short-term price action of this memecoin.

DOGE Price Bullish Momentum Sustains!

The memecoin has recorded 5 out of 6 green candles this week. This has resulted in its price surging 30.38% during this period. Moreover, the Dogecoin price has 2xed its long-term investor’s investment within the past 30 days with a jump of 98.28%.

DOGE Price Bullish Momentum Sustains!

Currently, this memecoin is trading above the $0.21 mark and is potentially heading toward its yearly high of around the resistance level of $0.2290 mark.

DOGE Meme Coin Technical Analysis

The EMA 50/200-day has displayed a significant action in the Dogecoin price chart after recording a Golden Cross. This highlights increased bullish sentiment in the market.

The Moving Average Convergence Divergence (MACD) has constantly displayed a green histogram for about a month with its averages recording aggressive growth in the 1D time frame.

Will Dogecoin Price Hit $0.3 This Moonvember?

If the memecoin leader maintains its value above the $0.21 mark, this will pave the path for it to retest its resistance trendline of $0.23. If the bullish sentiment intensifies at that point, this could potentially act as a catalyst in the DOGE coin price heading toward its $0.255 mark.

Conversely, if the sentiment turns negative, this could pull the Dogecoin price toward its lower support level of $0.155 this year.

Are you one of many who are eagerly waiting for this meme coin to achieve a new high? But uncertain about its price prospects? Read, our Dogecoin (DOGE) Price Prediction!

FAQs

Is Dogecoin price expected to rise?

With the ongoing trend, the DOGE coin may achieve the $0.25 mark shortly.

Is Dogecoin price expected to rise? With the ongoing trend, the DOGE coin may achieve the $0.25 mark shortly.

This memecoin with a potential surge may go as high as $1 during 2025.

Is Dogecoin buy or a sell today?

With the fear and greed index stabilizing at 73, Dogecoin is a potential buy today.

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