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<img width="1200" height="578" src="https://coingape.com/wp-content/uploads/2024/01/o3mEEHwW-e1704109795317.png" class="attachment-full size-full wp-post-image" alt="DOGE price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Dogecoin Price Prediction: Amid the current correction trend in the broader market, Dogecoin (DOGE) witnessed a <a href="https://coingape.com/dogecoin-whales-shift-438-mln-doge-as-price-dips-whats-next/">notable correction</a> from $0.107 resistance initiated in mid-December. This pullback plunged the coin price $0.09 down to the&nbsp; A Healthy retracement as per the Fibonacci retracement level indicating a significant possibility for uptrend continuation. 
Also Read: <a href="https://coingape.com/tesla-shifts-gear-in-2024-will-it-have-a-ripple-effect-on-dogecoin/">Tesla Shifts Gear in 2024: Will it Have a Ripple Effect on Dogecoin?</a> 
<h2 id="strong-is-doge-price-heading-to-0-1-strong">Is DOGE Price Heading to $0.1?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The Flag pattern breakout would signal the end of the correction trend.</li> 
 <li style="font-weight: 400;" aria-level="1">A bullish breakout from the flag pattern would indicate the end of the correction trendline.</li> 
 <li style="font-weight: 400;" aria-level="1">The 24-hour trading volume in Dogecoin is $2.58 Billion, indicating a 58% gain.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/o/o3mEEHwW.png" alt="Dogecoin Price Prediction" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Dogecoin Price Prediction| TradingView Chart
 </figcaption>
</figure> 
With a silent beginning anticipated in 2024, the <a href="https://coingape.com/price/dogecoin/">Dogecoin price</a> trend prolongs the correction phase teasing a sharp fall. However, the correction does project a bounce-back possibility when it arrives at a potential retest zone.&nbsp; 
The correction phase forms a falling channel pattern in the short term that completes a flag pattern with the prevailing uptrend. With the minor pullback bringing an entry for pullback traders, the 38.20% Fibonacci level highlights an entry at $0.088.&nbsp;&nbsp; 
<blockquote>
 The ongoing correction accounts for a drop of 16.2% as the DOGE buyers fail the dominance at the psychological mark of $0.10.&nbsp;
</blockquote> 
At press time the DOGE price continues the falling trend in a channel and showcases a potential retest at the bottom support levels at $0.88 and $0.83, provided that the selling pressure is sustained.&nbsp; 
However, the immediate support at $0.88 could lead to a quick recovery. On the flip side, a downside potential exists that may challenge the $0.77 support level.&nbsp; 
<h2 id="b-pullback-teases-bill-run-to-1-4-in-january-b">Pullback Teases Bill Run To $1.4 in January</h2> 
The New Year rally brings high anticipation to the bullish trend in the entire crypto market. With the high possibility of a surge in Bitcoin price, the meme coins will find an additional trend momentum to scale new levels.&nbsp; 
As the biggest meme coin, Dogecoin prices will skyrocket and gain momentum through their strong community support. Therefore the bull run can reach the $1.4 mark in the coming months.&nbsp; 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Moving Average Convergence/Divergence: A Bearish crossover state between <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a> and signal hints at an active correction trend</li> 
 <li style="font-weight: 400;" aria-level="1">Bollinger Band: The narrow range of the <a href="https://coingape.com/education/bollinger-band/">Bollinger Band indicator</a> accentuates increasing volatility and uncertainty in the market.&nbsp;</li> 
</ul> 
The post <a href="https://coingape.com/markets/dogecoin-price-prediction-hints-pullback-before-hitting-0-12-2/">Dogecoin Price Prediction Hints Last Pullback Before Hitting $0.12</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Dogecoin Price Prediction Hints Last Pullback Before Hitting $0.12

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