Dogecoin

Million

<div class="watcher-guru">
 <p>One of the most popular meme coins on the market is amid a positive rally, with one major hurdle keeping <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> from possibly doubling its price. Indeed, one rather large obstacle stands in between the leading meme coin and a massive run that would solidify its bullish sentiment.</p>
 <p>Currently, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> is trading for $0.0815 and is up 2.71% over the last 24 hours. However, crypto analyst Ali Martinez has pointed out the major hurdle that awaits at the $0.087 mark. Resiliency beyond that mark could mean a massive upward trajectory for the meme coin.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp" alt="dogecoin doge" class="wp-image-119843" srcset="https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 380w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 550w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 800w, https://cdn.thebittimes.com/images/2023/11/30/8c7b262293913c977d9b49436b5915e5.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
 <p><strong>Also Read: Dogecoin Surpasses 5 Million Addresses Amid Profitable Streak</strong></p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-one-hurdle-stands-in-the-way-of-dogecoin-price-doubling">One Hurdle Stands in the Way of Dogecoin Price Doubling?</h2>
 <p>Within the history of the digital asset sector, few tokens are as well known as <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>. Created as a meme of Bitcoin, the asset quickly established itself as a viable contender within the market. Subsequently, it created its very own subsect of digital asset, the meme coin.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Now, amid positive sentiments for the digital asset, there could be a far greater rally in-store. Indeed, Dogecoin could be set to double its price if it were to overcome one major hurdle standing in its way.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#Dogecoin | On the weekly chart, $DOGE faces a major hurdle at $0.087. This crucial level is marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week EMAs.<br><br>Breaking past this barrier could open the gates for #DOGE to nearly double its price,… pic.twitter.com/ALOUDuwKAy</p>— Ali (@ali_charts) November 28, 2023
   </blockquote>
  </div>
 </figure>
 <p><strong>Also Read: Old <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>, New Tricks: Surge in Movement and Whale Activity</strong></p>
 <p>Specifically, Martinez notes the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Subsequently, he notes that “breaking past this barrier cold open the gates for DOGE to nearly double its price,” continuing its positive momentum.</p>
 <p>Moreover, Martinez noted that the aiming target after such a breakthrough would be $0.14. Additionally, the development arrives as the asset has recently observed 5 million DOGE addresses. The news solidifies the prevalence of the overall asset and its continued reach within the market.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p>A surge in <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>’s daily activity was also reported, noting the overall positive feelings abounding its performance. The $0.87 hurdle is certainly a difficult one to surpass, but it is not impossible. Over the last 7 days, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a> has seen its value jump 11.02%, with the monthly chat showing an increase of 18.97%. Subsequently, reinforcing the possibility for such an obstacle to be overcome.</p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>Dogecoin</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-how-doge-could-be-set-to-double-its-price-tbt72135.html">https://thebittimes.com/dogecoin-how-doge-could-be-set-to-double-its-price-tbt72135.html</a></p>

Dogecoin: How DOGE Could Be Set to Double its Price

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Sui Surpasses $150M in TVL, Showcasing Blistering DeFi Momentum

The identity of the mysterious whale that accumulated 10 thousand Bitcoins in November has been r...

SEC Chair Gary Gensler Remains Tight-Lipped on Future of Spot Bitcoin ETFs

Grayscale readies GBTC for Bitcoin ETF future with key amendments

Bitcoin’s Rally Amidst Halving Anticipation: Analysts Predict Major Upsurge

SEC Chair Gary Gensler Maintains Silence on Future of Spot Bitcoin ETFs Amid Ongoing Reviews

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!