{"id":635498,"date":"2024-08-14T22:00:00","date_gmt":"2024-08-14T22:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=635498"},"modified":"2024-08-14T18:19:22","modified_gmt":"2024-08-14T18:19:22","slug":"dogecoin-rally-100-to-0-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-rally-100-to-0-2\/","title":{"rendered":"Dogecoin On Track To Rally 100% To $0.2; Crypto Analyst"},"content":{"rendered":"

Dogecoin has certainly dipped quite far from its highest point so far this year. While this sideways movement and a recent correction have lingered on for quite some time, the price action is a reflection of the<\/span> wider crypto market<\/span><\/a> movement. However, DOGE continues to attract <\/span>bullish opinions among traders<\/span><\/a>. Its popularity and status as the largest meme coin continue to generate optimistic sentiment within the trading community.<\/span><\/p>\n

Crypto analyst Astronomer believes DOGE is still prime for a strong bull run on the technical side of things. According to Astronomer, the current price structure of DOGE demonstrates a relative strength that sets it apart from other cryptocurrencies price action since Q4 2023, suggesting that the coin has the potential to recover and even thrive in the near future.\u00a0<\/span><\/p>\n

DOGE On Track To Rally Above $0.2<\/h2>\n

Astronomer’s DOGE technical analysis, which he <\/span>shared on<\/span><\/a> social media platform X, is based on the cryptocurrency’s price action since the fourth quarter of 2023. The crypto market kickstarted its recent market cycle in Q4 2023 after the applications of Spot Bitcoin ETFs by BlackRock and others.<\/span><\/p>\n

Related Reading: Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means<\/a><\/div>\n

This event marked the end of a multi-year bearish cycle, leading to bullish sentiment across the entire crypto market. As a result, many cryptocurrencies experienced substantial price increases, which pushed them to reach new multi-year highs.<\/span><\/p>\n

Although many market participants might argue the market is still largely in a bullish cycle, many cryptocurrencies have <\/span>corrected even below<\/span><\/a> Q4 2023 prices. However, Astronomer notes that DOGE stands out in this regard, as it has managed to maintain a price level above its Q3 2024 value.<\/span><\/p>\n

At the time of writing, DOGE is trading at $0.1057. Although the meme coin is still up by 29% from its price in the beginning of the year,<\/span> it has corrected <\/span><\/a>52% from its yearly high of $0.22. Additionally, DOGE has corrected by 12% from its Q3 2024 opening price of $0.121; a pivotal price point. According to crypto analyst Astronomer, all the cryptocurrency needs now is to break above a new local high to solidify the return of a bullish price run.<\/span><\/p>\n

Price Targets For Dogecoin<\/h2>\n

In terms of a price target, the Dogecoin\/Tether US price chart shared by the analyst predicts DOGE will double its current value and climb back above the $0.22 price point later this year. The analyst’s projections are even more bullish, suggesting that DOGE could surpass $0.26, which would represent a remarkable 145% increase from its current trading price.<\/span><\/p>\n

Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When<\/a><\/div>\n
\"Dogecoin\"
Source: X<\/figcaption><\/figure>\n

However, the recent DOGE price action suggests various resistances before $0.22. Nonetheless, the analyst remains confident that once DOGE successfully breaks through this local high, it could trigger a renewed and sustained upward movement, further fueling the bullish sentiment surrounding the coin.<\/span><\/p>\n

\"Dogecoin
DOGE price holding $0.1 | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin has certainly dipped quite far from its highest point so far this year. While this sideways movement and a recent correction have lingered on for quite some time, the price action is a reflection of the wider crypto market movement. However, DOGE continues to attract bullish opinions among traders. Its popularity and status as the largest meme coin continue to generate optimistic sentiment within the trading community. Crypto analyst Astronomer believes DOGE is still prime for a strong bull run on the technical side of things. According to Astronomer, the current price structure of DOGE demonstrates a relative strength that sets it apart from other cryptocurrencies price action since Q4 2023, suggesting that the coin has the potential to recover and even thrive in the near future.\u00a0 DOGE On Track To Rally Above $0.2 Astronomer’s DOGE technical analysis, which he shared on social media platform X, is based on the cryptocurrency’s price action since the fourth quarter of 2023. The crypto market kickstarted its recent market cycle in Q4 2023 after the applications of Spot Bitcoin ETFs by BlackRock and others. Related Reading: Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means This event marked the end of a multi-year bearish cycle, leading to bullish sentiment across the entire crypto market. As a result, many cryptocurrencies experienced substantial price increases, which pushed them to reach new multi-year highs. Although many market participants might argue the market is still largely in a bullish cycle, many cryptocurrencies have corrected even below Q4 2023 prices. However, Astronomer notes that DOGE stands out in this regard, as it has managed to maintain a price level above its Q3 2024 value. At the time of writing, DOGE is trading at $0.1057. Although the meme coin is still up by 29% from its price in the beginning of the year, it has corrected 52% from its yearly high of $0.22. Additionally, DOGE has corrected by 12% from its Q3 2024 opening price of $0.121; a pivotal price point. According to crypto analyst Astronomer, all the cryptocurrency needs now is to break above a new local high to solidify the return of a bullish price run. Price Targets For Dogecoin In terms of a price target, the Dogecoin\/Tether US price chart shared by the analyst predicts DOGE will double its current value and climb back above the $0.22 price point later this year. The analyst’s projections are even more bullish, suggesting that DOGE could surpass $0.26, which would represent a remarkable 145% increase from its current trading price. Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When However, the recent DOGE price action suggests various resistances before $0.22. Nonetheless, the analyst remains confident that once DOGE successfully breaks through this local high, it could trigger a renewed and sustained upward movement, further fueling the bullish sentiment surrounding the coin. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635541,"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":[1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-635498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin On Track To Rally 100% To $0.2; Crypto Analyst<\/title>\n<meta name=\"description\" content=\"Dogecoin has certainly dipped quite far from its highest point so far this year. 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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. 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. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin On Track To Rally 100% To $0.2; Crypto Analyst","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-rally-100-to-0-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-rally-100-to-0-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin_83874a.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin_83874a.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-08-14T22:00:00Z","datePublished":"2024-08-14T22:00:00Z","dateModified":"2024-08-14T22:00:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin On Track To Rally 100% To $0.2; Crypto Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-rally-100-to-0-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-rally-100-to-0-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin_83874a.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin_83874a.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-08-14T22:00:00Z\",\"datePublished\":\"2024-08-14T22:00:00Z\",\"dateModified\":\"2024-08-14T22:00:00Z\"}<\/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\/2024\/08\/Dogecoin_83874a.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/635498"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=635498"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/635498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/635541"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=635498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=635498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=635498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}