{"id":561012,"date":"2023-11-16T18:00:03","date_gmt":"2023-11-16T18:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=561012"},"modified":"2024-06-11T14:31:14","modified_gmt":"2024-06-11T14:31:14","slug":"dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08\/","title":{"rendered":"Dogecoin Begins Climb: Key Price Targets Set Following Breakout From $0.08"},"content":{"rendered":"

The king of the memecoins, Dogecoin (DOGE), has been following the general sentiment in the crypto market as it breaks out from a critical level. The token experienced selling pressure on low timeframes but seems poised for further profits. <\/strong><\/p>\n

Related Reading: Dogecoin Price Chart Described As \u2018Beautiful\u2019 By Crypto Analyst<\/a><\/div>\n

As of this writing, Dogecoin (DOGE) trades at $0.078 with a 1% loss in the last 24 hours. Over the previous seven days, the memecoin held 6% in profits, operating as a top performer in the top 10 by market capitalization.<\/p>\n

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

Dogecoin On Route For $0.10? Analyst Makes Bullish Case<\/h2>\n

As mentioned, the Dogecoin rally has found hurdles over today\u2019s trading session, with the price returning below the critical level at $0.08. Crypto trader Rekt Capital claims<\/a> that the recent price action confirmed a bullish trajectory for the token.<\/p>\n

The chart below shows that Dogecoin completed a path from its yearly lows at $0.052 across October and November. As the bulls pushed upwards, the cryptocurrency broke its descending channel, setting a path towards the area above $0.11, last seen in 2022.<\/p>\n

\"Dogecoin
DOGE’s price breaks out of the descending channel. Source: Rekt Capital o X<\/figcaption><\/figure>\n

DOGE Price Likely To Return To All-Time High<\/h2>\n

A separate report<\/a> from another crypto trader looks at Dogecoin over high timeframes. The token is close to completing a bigger breakout over its Bitcoin (BTC) trading pair on this horizon.<\/p>\n

Related Reading: Dogecoin Vs. Shiba Inu: Which Meme Coin Is More Profitable For Holders?<\/a><\/div>\n

The analyst cites a series of positive fundamentals for Dogecoin, including its scalability and \u201clow energy consumption\u201d transactions. On the chart above and pointing to the moving average convergence\/divergence (MACD) indicator, the analyst stated:<\/p>\n

In the $DOGE \/ $BTC trading pair, bullish patterns and indicators have been observed in the higher timeframes. Notably, a falling wedge pattern is evident in the 4-day timeframe, accompanied by a bullish crossover in the MACD indicator.<\/p><\/blockquote>\n

\"Dogecoin
DOGE’s price attempts to complete a bullish pattern on the 4-day chart. Source:
Naemrr on X<\/a><\/figcaption><\/figure>\n

It remains to be seen if DOGE can return to its 2022 and 2021 high against its Bitcoin and USDT trading pairs. The bullish momentum in the crypto market is holding, albeit with an increase in selling pressure, possibly triggered by speculators taking profit at current levels.<\/p>\n

Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

The king of the memecoins, Dogecoin (DOGE), has been following the general sentiment in the crypto market as it breaks out from a critical level. The token experienced selling pressure on low timeframes but seems poised for further profits. Related Reading: Dogecoin Price Chart Described As \u2018Beautiful\u2019 By Crypto Analyst As of this writing, Dogecoin (DOGE) trades at $0.078 with a 1% loss in the last 24 hours. Over the previous seven days, the memecoin held 6% in profits, operating as a top performer in the top 10 by market capitalization. Dogecoin On Route For $0.10? Analyst Makes Bullish Case As mentioned, the Dogecoin rally has found hurdles over today\u2019s trading session, with the price returning below the critical level at $0.08. Crypto trader Rekt Capital claims that the recent price action confirmed a bullish trajectory for the token. The chart below shows that Dogecoin completed a path from its yearly lows at $0.052 across October and November. As the bulls pushed upwards, the cryptocurrency broke its descending channel, setting a path towards the area above $0.11, last seen in 2022. DOGE Price Likely To Return To All-Time High A separate report from another crypto trader looks at Dogecoin over high timeframes. The token is close to completing a bigger breakout over its Bitcoin (BTC) trading pair on this horizon. Related Reading: Dogecoin Vs. Shiba Inu: Which Meme Coin Is More Profitable For Holders? The analyst cites a series of positive fundamentals for Dogecoin, including its scalability and \u201clow energy consumption\u201d transactions. On the chart above and pointing to the moving average convergence\/divergence (MACD) indicator, the analyst stated: In the $DOGE \/ $BTC trading pair, bullish patterns and indicators have been observed in the higher timeframes. Notably, a falling wedge pattern is evident in the 4-day timeframe, accompanied by a bullish crossover in the MACD indicator. It remains to be seen if DOGE can return to its 2022 and 2021 high against its Bitcoin and USDT trading pairs. The bullish momentum in the crypto market is holding, albeit with an increase in selling pressure, possibly triggered by speculators taking profit at current levels. Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"author":535,"featured_media":561022,"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":[134,6664,1785,7,79600,90102,90103,8375],"class_list":["post-561012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-altcoin","tag-crypto","tag-doge","tag-dogecoin","tag-dogeusdt","tag-dogeusdt-price-analysis","tag-dogeusdt-price-chart","tag-elon-musk"],"acf":[],"yoast_head":"\nDogecoin Begins Climb: Key Price Targets Set Following Breakout From $0.08<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE), has been following the general sentiment in the crypto market as it breaks out from a critical level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Begins Climb: Key Price Targets Set Following Breakout From $0.08","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/dogecoin-doge-dogeusdt.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/dogecoin-doge-dogeusdt.jpg?fit=640%2C320"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","doge","dogecoin","dogeusdt","dogeusdt price analysis","dogeusdt price chart","elon musk"],"dateCreated":"2023-11-16T18:00:03Z","datePublished":"2023-11-16T18:00:03Z","dateModified":"2024-06-11T14:31:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Begins Climb: Key Price Targets Set Following Breakout From $0.08\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-begins-climb-key-price-targets-set-following-breakout-from-0-08\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/dogecoin-doge-dogeusdt.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/dogecoin-doge-dogeusdt.jpg?fit=640%2C320\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"doge\",\"dogecoin\",\"dogeusdt\",\"dogeusdt price analysis\",\"dogeusdt price chart\",\"elon musk\"],\"dateCreated\":\"2023-11-16T18:00:03Z\",\"datePublished\":\"2023-11-16T18:00:03Z\",\"dateModified\":\"2024-06-11T14:31:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/dogecoin-doge-dogeusdt.jpg?fit=640%2C320","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561012"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=561012"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/561022"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}