{"id":572316,"date":"2024-01-30T21:00:57","date_gmt":"2024-01-30T21:00:57","guid":{"rendered":"https:\/\/www.wncen.com\/?p=572316"},"modified":"2024-01-30T13:17:30","modified_gmt":"2024-01-30T13:17:30","slug":"dogecoin-doge-ready-to-pop","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-doge-ready-to-pop\/","title":{"rendered":"Dogecoin On The Verge Of Breakout: Crypto Analyst Says Get Ready For DOGE To Pop"},"content":{"rendered":"

Dogecoin (DOGE)<\/span><\/a> is getting ready to \u201cpop,\u201d as this crypto analyst predicts that the next move to the upside could see the meme coin break a critical resistance level. DOGE\u2019s price has, in recent times, lived off the hype <\/span>regarding several use cases<\/span><\/a> that could be added for it soon. However, it remains to be seen if these narratives can propel the meme coin to hit new highs.\u00a0<\/span><\/p>\n

Dogecoin Could Rise To $0.083 Soon<\/h2>\n

Crypto analyst Muro Crypto hinted in an X (formerly Twitter) <\/span>post<\/span><\/a> that another bounce by DOGE from its current support level might give it another push to break its current resistance levels. From the accompanying chart that he shared, one could see that the analyst was predicting that another move to the upside could see <\/span>DOGE<\/span><\/a> rise to as high as $0.083.\u00a0<\/span><\/p>\n

Related Reading: Renowned Crypto Expert Reveals Top 3 Altcoins Ready To Breakout In February 2024<\/a><\/div>\n

In a previous <\/span>X post<\/span><\/a>, Muro had shared his belief that DOGE was going to pop soon enough. Not long after, the meme coin saw a move to the upside. However, that <\/span>momentum didn\u2019t last<\/span><\/a> for long, as the analyst noted, with the meme coin dropping back to its entry point, halfway to the $0.83 target.\u00a0<\/span><\/p>\n

It is worth mentioning that DOGE has recovered and risen above the $0.80 psychological level, something which could mean that it was gearing up for a <\/span>further move to the upside<\/span><\/a>. Mark Cuban revealed that his Dallas Mavericks team still receives Dogecoin as a payment method, which has<\/span>\u00a0partly contributed to this most recent price surge.\u00a0<\/span><\/p>\n

The meme coin has also <\/span>recently rallied<\/span><\/a> on the back of speculations that the X platform could include DOGE as a payment method in its X Payments, which is expected to go live this year. The <\/span>fondness that Elon Musk<\/span><\/a>, who happens to own X, has for the meme coin is the primary driver behind this narrative.\u00a0<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGE price sitting at $0.081 | Source: DOGEUSD on Tradingview.com<\/a><\/pre>\n
Another Factor That Could Spark A Surge In DOGE\u2019s Price<\/h2>\n
Crypto analyst Ali Martinez<\/span><\/a> revealed in an <\/span>X post<\/span><\/a> that the Dogecoin network has been witnessing a \u201cremarkable surge in growth.\u201d <\/span>New addresses<\/span><\/a> on the network are said to have increased by a remarkable 1,1000% over the past week. Specifically, he highlighted how a record-breaking 247,240 new DOGE addresses were created on January 29 alone.\u00a0<\/span><\/p>\n
Related Reading: What Are The Top 8 DeFi And Web3 Wallets To Use In Crypto?<\/a><\/div>\n
The analyst noted how a sustained uptrend in the <\/span>network\u2019s expansion<\/span><\/a> \u201ccould soon reflect positively\u201d on DOGE\u2019s price. Usually, such a development means that more users are acquiring the meme coin, with an increased demand for the meme coin likely to spark a surge in its price.\u00a0<\/span><\/p>\n
At the time of writing, DOGE is trading at around $0.081, up in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin (DOGE) is getting ready to \u201cpop,\u201d as this crypto analyst predicts that the next move to the upside could see the meme coin break a critical resistance level. DOGE\u2019s price has, in recent times, lived off the hype regarding several use cases that could be added for it soon. However, it remains to be seen if these narratives can propel the meme coin to hit new highs.\u00a0 Dogecoin Could Rise To $0.083 Soon Crypto analyst Muro Crypto hinted in an X (formerly Twitter) post that another bounce by DOGE from its current support level might give it another push to break its current resistance levels. From the accompanying chart that he shared, one could see that the analyst was predicting that another move to the upside could see DOGE rise to as high as $0.083.\u00a0 Related Reading: Renowned Crypto Expert Reveals Top 3 Altcoins Ready To Breakout In February 2024 In a previous X post, Muro had shared his belief that DOGE was going to pop soon enough. Not long after, the meme coin saw a move to the upside. However, that momentum didn\u2019t last for long, as the analyst noted, with the meme coin dropping back to its entry point, halfway to the $0.83 target.\u00a0 It is worth mentioning that DOGE has recovered and risen above the $0.80 psychological level, something which could mean that it was gearing up for a further move to the upside. Mark Cuban revealed that his Dallas Mavericks team still receives Dogecoin as a payment method, which has\u00a0partly contributed to this most recent price surge.\u00a0 The meme coin has also recently rallied on the back of speculations that the X platform could include DOGE as a payment method in its X Payments, which is expected to go live this year. The fondness that Elon Musk, who happens to own X, has for the meme coin is the primary driver behind this narrative.\u00a0 DOGE price sitting at $0.081 | Source: DOGEUSD on Tradingview.com Another Factor That Could Spark A Surge In DOGE\u2019s Price Crypto analyst Ali Martinez revealed in an X post that the Dogecoin network has been witnessing a \u201cremarkable surge in growth.\u201d New addresses on the network are said to have increased by a remarkable 1,1000% over the past week. Specifically, he highlighted how a record-breaking 247,240 new DOGE addresses were created on January 29 alone.\u00a0 Related Reading: What Are The Top 8 DeFi And Web3 Wallets To Use In Crypto? The analyst noted how a sustained uptrend in the network\u2019s expansion \u201ccould soon reflect positively\u201d on DOGE\u2019s price. Usually, such a development means that more users are acquiring the meme coin, with an increased demand for the meme coin likely to spark a surge in its price.\u00a0 At the time of writing, DOGE is trading at around $0.081, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 Chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":572378,"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":[167,6664,26263,14690,1785,85675,90807,7,1803,1804,89722,79599,79600],"class_list":["post-572316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-price","tag-doge-price-prediction","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-prediction","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin On The Verge Of Breakout: Crypto Analyst Says Get Ready For DOGE To Pop<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is getting ready to \u201cpop,\u201d as this crypto analyst predicts that the meme coin 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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. 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