{"id":550515,"date":"2023-09-08T12:40:28","date_gmt":"2023-09-08T12:40:28","guid":{"rendered":"https:\/\/wncen.com\/?p=550515"},"modified":"2023-09-08T10:38:12","modified_gmt":"2023-09-08T10:38:12","slug":"dogecoin-poised-150-surge-key-price-levels-watch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-poised-150-surge-key-price-levels-watch\/","title":{"rendered":"Dogecoin Poised for a 150% Surge? Key Price Levels to Watch"},"content":{"rendered":"<p>The price trajectory of Dogecoin has been significantly influenced by Elon Musk&#8217;s tweets about the meme coin in recent weeks and months. Notably, Dogecoin ascended past the $0.1589 mark in November 2022, following Musk&#8217;s <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-on-fire-rallies-after-elon-musk-twitter-deal-confirmation\/\" target=\"_blank\" rel=\"noopener \">acquisition<\/a> of Twitter. Since then, however, DOGE has been on a pronounced downtrend.<\/p>\n<p>The anticipation of Musk introducing Dogecoin as a payment method on Twitter remains palpable within the DOGE community. However, outside this sentiment is not shared, underscored by the stark decline in DOGE trading volume, suggesting a diminished presence of speculators and traders.<\/p>\n<p>If Musk does integrate DOGE on Twitter, the price reaction is likely to be swift. But what is a good entry price?<\/p>\n<h2>Monthly Chart DOGE\/USD<\/h2>\n<p>While many older altcoins are plumbing new lows, Dogecoin exhibits a more resilient sideways accumulation pattern on its monthly chart. This chart reveals that the $0.0480 mark is pivotal for Dogecoin. Should DOGE maintain its stance above this price, it could present a viable opportunity for long-term spot investors.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin-price-analysis-is-it-clawing-its-way-out-of-the-crab-market\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019?<\/a><\/div>\n<p>This price level is especially interesting as it coincides with the 100-week EMA at $0.04886. However, it&#8217;s imperative to acknowledge the inherent unpredictability associated with Dogecoin&#8217;s long-term trajectory, given its meme coin status.<\/p>\n<figure id=\"attachment_550528\" aria-describedby=\"caption-attachment-550528\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550528 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?resize=3628%2C1672\" alt=\"DOGE price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=3628 3628w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=1140 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550528\" class=\"wp-caption-text\">DOGE price, 1-month chart | Source: DOGEUSD on TradingView.com<\/figcaption><\/figure>\n<h2>Weekly Chart Dogecoin<\/h2>\n<p>The 1-month chart delineates a clear downtrend. DOGE could fall towards the lower trendline at $0.0480 before another run towards the upper trendline at $0.075. Remarkably, the 30-month low of June 2022 is also located near the trend channel low at $0.0488.<\/p>\n<p>If DOGE bounces up from here, the price would have to face the 61.8% Fibonacci retracement at $0.0909. A retest of the breakout from the downtrend could occur here. If the bulls succeed, the 50% Fibonacci retracement level at $0.1093 and the 38.2% Fibonacci retracement at $0.1169 could come into focus. The final target is the November 2022 high at $0.1589 where huge selling pressure is to be expected. At current price, DOGE would need to gain over 150% to reach this level.<\/p>\n<figure id=\"attachment_550527\" aria-describedby=\"caption-attachment-550527\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550527 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?resize=3628%2C1672\" alt=\"Dogecoin price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=3628 3628w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=1140 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550527\" class=\"wp-caption-text\">DOGE price poised for 150% surge?, 1-week chart | Source:<a href=\"https:\/\/www.tradingview.com\/x\/srUnrgkr\/\" target=\"_blank\" rel=\"noopener nofollow\"> DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Daily Chart DOGE\/USD<\/h2>\n<p>The 1-day chart underscores the persistent downtrend Dogecoin has been grappling with since December of the preceding year. This downtrend, demarcated by a descending trend channel, remains unbroken. Late in July, DOGE recoiled from the upper boundary of this channel, only to descend once more.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-slide-persists-elon-musk-bio-revelation\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Slide Persists Despite This Elon Musk Biography Revelation<\/a><\/div>\n<p>Alarmingly, pivotal support levels, inclusive of the 200-day EMA, have been compromised, hinting at a potential bearish trajectory. Current chart configurations suggest that DOGE might revisit its annual nadir at $0.05593 shortly. In a more bearish projection, a decline to the lower confines of the descending channel, oscillating between $0.05 and $0.048, is plausible.<\/p>\n<figure id=\"attachment_550537\" aria-describedby=\"caption-attachment-550537\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550537 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?resize=3628%2C1672\" alt=\"Dogecoin price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=3628 3628w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=1140 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550537\" class=\"wp-caption-text\">DOGE price, 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/nodFH4oS\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Conversely, if DOGE steers clear of registering a new annual low, especially if the broader market sentiment experiences an upswing (perhaps due to the <a href=\"https:\/\/wncen.com\/bitcoin-news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\" target=\"_blank\" rel=\"noopener \">approval<\/a> of a Bitcoin Spot ETF), the entry point for prospective investors might materialize sooner. For a substantial price resurgence, it&#8217;s imperative for DOGE to rebound from this potential new low with a robust buying volume, indicating renewed interest and liquidity for the meme coin.<\/p>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from TradigView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price trajectory of Dogecoin has been significantly influenced by Elon Musk&#8217;s tweets about the meme coin in recent weeks and months. Notably, Dogecoin ascended past the $0.1589 mark in November 2022, following Musk&#8217;s acquisition of Twitter. Since then, however, DOGE has been on a pronounced downtrend. The anticipation of Musk introducing Dogecoin as a payment method on Twitter remains palpable within the DOGE community. However, outside this sentiment is not shared, underscored by the stark decline in DOGE trading volume, suggesting a diminished presence of speculators and traders. If Musk does integrate DOGE on Twitter, the price reaction is likely to be swift. But what is a good entry price? Monthly Chart DOGE\/USD While many older altcoins are plumbing new lows, Dogecoin exhibits a more resilient sideways accumulation pattern on its monthly chart. This chart reveals that the $0.0480 mark is pivotal for Dogecoin. Should DOGE maintain its stance above this price, it could present a viable opportunity for long-term spot investors. Related Reading: Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019? This price level is especially interesting as it coincides with the 100-week EMA at $0.04886. However, it&#8217;s imperative to acknowledge the inherent unpredictability associated with Dogecoin&#8217;s long-term trajectory, given its meme coin status. Weekly Chart Dogecoin The 1-month chart delineates a clear downtrend. DOGE could fall towards the lower trendline at $0.0480 before another run towards the upper trendline at $0.075. Remarkably, the 30-month low of June 2022 is also located near the trend channel low at $0.0488. If DOGE bounces up from here, the price would have to face the 61.8% Fibonacci retracement at $0.0909. A retest of the breakout from the downtrend could occur here. If the bulls succeed, the 50% Fibonacci retracement level at $0.1093 and the 38.2% Fibonacci retracement at $0.1169 could come into focus. The final target is the November 2022 high at $0.1589 where huge selling pressure is to be expected. At current price, DOGE would need to gain over 150% to reach this level. Daily Chart DOGE\/USD The 1-day chart underscores the persistent downtrend Dogecoin has been grappling with since December of the preceding year. This downtrend, demarcated by a descending trend channel, remains unbroken. Late in July, DOGE recoiled from the upper boundary of this channel, only to descend once more. Related Reading: Dogecoin Price Slide Persists Despite This Elon Musk Biography Revelation Alarmingly, pivotal support levels, inclusive of the 200-day EMA, have been compromised, hinting at a potential bearish trajectory. Current chart configurations suggest that DOGE might revisit its annual nadir at $0.05593 shortly. In a more bearish projection, a decline to the lower confines of the descending channel, oscillating between $0.05 and $0.048, is plausible. Conversely, if DOGE steers clear of registering a new annual low, especially if the broader market sentiment experiences an upswing (perhaps due to the approval of a Bitcoin Spot ETF), the entry point for prospective investors might materialize sooner. For a substantial price resurgence, it&#8217;s imperative for DOGE to rebound from this potential new low with a robust buying volume, indicating renewed interest and liquidity for the meme coin. Featured image from iStock, chart from TradigView.com<\/p>\n","protected":false},"author":571,"featured_media":550518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,79599,8375,4257,88681],"class_list":["post-550515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogeusd","tag-elon-musk","tag-twitter","tag-x"],"acf":[],"yoast_head":"\n<title>Dogecoin Poised for a 150% Surge? Key Price Levels to Watch<\/title>\n<meta name=\"description\" content=\"If Musk integrates Dogecoin on Twitter, the price reaction is likely to be swift. 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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. 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