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The Dogecoin price prediction has recently shown strong bullish momentum, breaking through the key resistance at $0.140 and continuing its rise.
Dogecoin Prediction Statistical Data:
- Dogecoin Price Now – $0.145
- Dogecoin market capitalization – $20.6 billion
- Circulating supply of Dogecoin – 146.4 billion
- Total Dogecoin supply – 146.4 billion
- Dogecoin Coinmarketcap Ranking – #8
It is often recommended to get involved in crypto projects as early as possible, especially considering the rise of certain tokens since their creation. Take, for example, the journey of Dogecoin: from its all-time low of just $0.0005052 on May 7, 2015, it has skyrocketed an impressive 162,206.04%. Even with the current market fluctuations, where its 24-hour range is between $0.1384 and $0.1495, the token’s growth trajectory highlights the potential long-term value that early investors can reap. Although it is down 81.19% from its all-time high of $0.7376 in May 2021, such volatility is typical in crypto markets, making timing and factor research crucial .
DOGE/USD Market
Key levels:
Resistance Levels: $0.170, $0.180, $0.190
Support Levels: $0.120, $0.110, $0.100
DOGE/USD has recently shown strong bullish momentum, breaking through key resistance at $0.140 and continuing its rise. After retesting this level, the price could enter a critical resistance zone between $0.145 and $0.150, where it could later serve as a major psychological level. The presence of several minor resistance points in this range makes it difficult to pinpoint the exact resistance level, but overall, DOGE has maintained its bullish outlook.
Dogecoin Price Prediction: Dogecoin pushes higher
According to the daily chart, the long-term outlook for DOGE remains positive. Although a short-term pullback is expected, the coin’s strong fundamentals, coupled with sustained market interest, suggest that Dogecoin is on track to reach higher price levels in the coming weeks. Traders should prepare for temporary volatility but remain optimistic that DOGE’s bullish performance will continue. However, any bearish movement below the moving average could hit the supports at $0.120, $0.110, and $0.100.
Looking ahead, DOGE/USD faces strong resistance as the coin moves to cross the upper boundary of the channel. The next price target is likely around $0.170, $180, and $0.190, respectively. A temporary pullback to the $0.135 or $0.130 level appears likely due to the resistance encountered and typical weekend market conditions. Traders should be wary of this short-term resistance while focusing on broader market trends and volume dynamics.
DOGE/BTC heads north
Compared to Bitcoin, DOGE price may break above the upper boundary of the channel if the coin remains above the 9 and 21 day moving averages. However, if the coin is soaring higher, the nearest resistance is set at 230 SAT. Technically, the price can follow the upward movement as the 9-day MA rises above the 21-day MA.
Meanwhile, if Dogecoin price declines and heads towards the lower boundary of the channel, it could reach the support level of 185 SAT and below. Nonetheless, any further bullish movement above the upper boundary of the channel could allow the market to form a new uptrend, which could reach the potential resistance at 235 SAT and above.
Nonetheless, @CryptoZeinab, who has over 98,000 followers on X (formerly Twitter), noted that $DOGE has broken out of its downtrend. The price is starting to show bullish momentum, with targets set at $0.155, followed by $0.168.
$DOGE has broken out of the falling wedge pattern.
The price is starting to look bullish and is heading towards 0.155 cents, followed by 0.168 cents next. pic.twitter.com/hh74qk1BYC
– Crypto Zeinab (@CryptoZeinab) October 19, 2024
Alternatives to Dogecoin
Dogecoin is currently trading around $0.145 and may soon break the upper limit of its ascending channel. The closest resistance level within this channel is at $0.150, followed by another at $0.160. If the market gains momentum, new resistance could be encountered near the channel boundaries. Meanwhile, traders are turning their attention to Pepe Unchained, a cryptocurrency booming in the meme coin space. Pepe Unchained has already raised over $21 million and is seeing strong daily investments of $200,000-$250,000. Project leadership is focused on building a sustainable and innovative platform, positioning it to potentially outperform its competitors.
Pepe Unchained Updates Website As This Token May Lead Meme Coins Soon
As the crypto market matures and new developments emerge, including potential integrations and upgrades, Dogecoin is well-positioned for future growth. Now is a great time for investors to consider adding Dogecoin to their portfolios, as its potential for significant gains during the next bull market remains strong. Don’t miss the opportunity to invest in a token that has repeatedly defied expectations.
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- Over $10M Raised at ICO – Ending Soon
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