{"id":575010,"date":"2024-02-14T09:30:52","date_gmt":"2024-02-14T09:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=575010"},"modified":"2024-02-14T09:01:03","modified_gmt":"2024-02-14T09:01:03","slug":"dogecoin-poised-for-bullish-breakout-30-rally-predicted","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-poised-for-bullish-breakout-30-rally-predicted\/","title":{"rendered":"Dogecoin Poised For Bullish Breakout, 30% Rally Predicted?"},"content":{"rendered":"

Dogecoin (DOGE) enthusiasts and holders have had a glimmer of optimism to hold on to, as the meme token is currently posting gains of about 4.35% in the past seven days amidst <\/span>inflows into the crypto market<\/span><\/a>. This recent price action prompted an analysis from crypto analyst Captain Faibik, who predicts a 30% surge for DOGE.\u00a0<\/span><\/p>\n

Related Reading: These Dogecoin Whale Transaction Stats Spell Trouble Despite Ongoing Crypto Rally<\/a><\/div>\n

According to the analyst, the price of DOGE is on the verge of breaking out of a symmetrical triangle, putting the crypto back on track to climbing above the $0.1 price level again.<\/span><\/p>\n

Technical Analysis Points To Impending DOGE Breakout<\/h2>\n

Captain Faibik recently took to social media platform X to share a bullish prediction on DOGE. According to the 12-hour timeframe price chart shared by the analyst, the price of Dogecoin has been forming a downward-sloping triangle since it reached $0.1018 on December 12. Notably, price action illustrates a sequence of lower highs and higher lows between the trendlines, which shows that bears are gradually losing control of the market.\u00a0<\/span><\/p>\n

Lower highs and higher lows are generally considered bullish, as they typically indicate a consolidation phase before a potential trend reversal to the upside. Faibik’s technical analysis indicates<\/a> a likely 30% bullish breakout above $0.08199. If this turns out to be correct, a prolonged breakout might result in Dogecoin revisiting its December high around the $0.106 level by March.<\/span><\/p>\n

\n

$DOGE<\/a> is on the Verge of Symmetrical Triangle Breakout..!!<\/p>\n

In Case of Upside Breakout, Expecting +30% Bullish Rally in the Short term. \ud83d\udcc8#Crypto<\/a> #DOGE<\/a> #Dogecoin<\/a> pic.twitter.com\/j1WL8mv33u<\/a><\/p>\n

\u2014 Captain Faibik (@CryptoFaibik) February 13, 2024<\/a>\u00a0<\/span><\/p><\/blockquote>\n

Can DOGE Reenter The Top 10 Cryptocurrencies?<\/h2>\n

Recent market dynamics<\/span><\/a> have resulted in Dogecoin <\/span>losing its place<\/span><\/a> among the 10 biggest cryptocurrencies by market cap. Chainlink (LINK), the culprit, was able to displace Dogecoin from the 10th position after two weeks of intense price gain. <\/span><\/p>\n

During this period, Dogecoin also witnessed a <\/span>crash in whale transactions<\/span><\/a>, implying waning sentiment from these large holders.<\/span><\/p>\n

However, Chainlink’s rally seems to have slowed, with the crypto currently on a 4% correction from $20.82. Consequently, data from Coinmarketcap shows Chainlink is yet to gain a substantial distance ahead of Dogecoin in terms of market cap.\u00a0<\/span><\/p>\n

Chainlink is currently only ahead by $80.8 million, giving Dogecoin a chance to catch up. The 30% bullish breakout prediction above the current price level is enough to push Dogecoin back into the top 10 crypto assets.<\/span><\/p>\n

While another major <\/span>DOGE rally isn\u2019t guaranteed<\/span><\/a>, technical factors are lining up. The first resistance is at $0.083, and a decisive breakout above this level could give traders an entry opportunity. However, failing to break above this resistance level would invalidate a bullish run, and DOGE could fall back to $0.078.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Plunges 5% After Elon Musk Gets Called Back For Twitter Probe<\/a><\/div>\n

At the time of writing, DOGE is trading at $0.0818, down by 0.61% in the past 24 hours.<\/span><\/p>\n

\"Dogecoin
DOGE’s price trends sideways on the daily chart. Source: DOGEUSDT on Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Chart from Tradingview<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) enthusiasts and holders have had a glimmer of optimism to hold on to, as the meme token is currently posting gains of about 4.35% in the past seven days amidst inflows into the crypto market. This recent price action prompted an analysis from crypto analyst Captain Faibik, who predicts a 30% surge for DOGE.\u00a0 Related Reading: These Dogecoin Whale Transaction Stats Spell Trouble Despite Ongoing Crypto Rally According to the analyst, the price of DOGE is on the verge of breaking out of a symmetrical triangle, putting the crypto back on track to climbing above the $0.1 price level again. Technical Analysis Points To Impending DOGE Breakout Captain Faibik recently took to social media platform X to share a bullish prediction on DOGE. According to the 12-hour timeframe price chart shared by the analyst, the price of Dogecoin has been forming a downward-sloping triangle since it reached $0.1018 on December 12. Notably, price action illustrates a sequence of lower highs and higher lows between the trendlines, which shows that bears are gradually losing control of the market.\u00a0 Lower highs and higher lows are generally considered bullish, as they typically indicate a consolidation phase before a potential trend reversal to the upside. Faibik’s technical analysis indicates a likely 30% bullish breakout above $0.08199. If this turns out to be correct, a prolonged breakout might result in Dogecoin revisiting its December high around the $0.106 level by March. $DOGE is on the Verge of Symmetrical Triangle Breakout..!! In Case of Upside Breakout, Expecting +30% Bullish Rally in the Short term. \ud83d\udcc8#Crypto #DOGE #Dogecoin pic.twitter.com\/j1WL8mv33u \u2014 Captain Faibik (@CryptoFaibik) February 13, 2024\u00a0 Can DOGE Reenter The Top 10 Cryptocurrencies? Recent market dynamics have resulted in Dogecoin losing its place among the 10 biggest cryptocurrencies by market cap. Chainlink (LINK), the culprit, was able to displace Dogecoin from the 10th position after two weeks of intense price gain. During this period, Dogecoin also witnessed a crash in whale transactions, implying waning sentiment from these large holders. However, Chainlink’s rally seems to have slowed, with the crypto currently on a 4% correction from $20.82. Consequently, data from Coinmarketcap shows Chainlink is yet to gain a substantial distance ahead of Dogecoin in terms of market cap.\u00a0 Chainlink is currently only ahead by $80.8 million, giving Dogecoin a chance to catch up. The 30% bullish breakout prediction above the current price level is enough to push Dogecoin back into the top 10 crypto assets. While another major DOGE rally isn\u2019t guaranteed, technical factors are lining up. The first resistance is at $0.083, and a decisive breakout above this level could give traders an entry opportunity. However, failing to break above this resistance level would invalidate a bullish run, and DOGE could fall back to $0.078.\u00a0 Related Reading: Dogecoin Plunges 5% After Elon Musk Gets Called Back For Twitter Probe At the time of writing, DOGE is trading at $0.0818, down by 0.61% in the past 24 hours. Chart from Tradingview<\/p>\n","protected":false},"author":594,"featured_media":562994,"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":[1785,85675,91643,7,1804,1806,79600],"class_list":["post-575010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-price","tag-doge-price-forecast","tag-dogecoin","tag-dogecoin-price","tag-dogecoin-price-chart","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Poised For Bullish Breakout, 30% Rally Predicted?<\/title>\n<meta name=\"description\" content=\"Dogecoin enthusiasts and holders have had a glimmer of optimism to hold on to, as the meme token is currently posting gains of about 4.35%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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