{"id":639600,"date":"2024-09-04T01:30:31","date_gmt":"2024-09-04T01:30:31","guid":{"rendered":"https:\/\/www.wncen.com\/?p=639600"},"modified":"2024-09-03T13:21:48","modified_gmt":"2024-09-03T13:21:48","slug":"dogecoin-bullish-time-to-buy","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bullish-time-to-buy\/","title":{"rendered":"Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?"},"content":{"rendered":"

Crypto analyst Ali Martinez<\/span><\/a> has highlighted a major indicator for <\/span>Dogecoin (DOGE)<\/span><\/a>, which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent.\u00a0<\/span><\/p>\n

TD Indicator Flashes Buy Signal For Dogecoin<\/h2>\n

Martinez revealed in an\u00a0 X (formerly Twitter) <\/span>post<\/span><\/a> that the <\/span>TD indicator<\/span><\/a> is flashing a buy signal for Dogecoin. He added that the foremost meme coin is also showing a <\/span>bullish divergence<\/span><\/a> against the relative strength index (RSI) on the 4-hour chart. The crypto analyst noted how these positive signs suggest that a potential price rebound for Dogecoin is on the horizon.\u00a0<\/span><\/p>\n

Related Reading: PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent?<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Dogecoin\u2019s price action has remained tepid so far, as the meme coin continues to range at the <\/span>crucial price level of $0.10<\/span><\/a>. However, these technical indicators show that Dogecoin could soon achieve a successful breakout above $0.10 and rise to new highs. Dogecoin\u2019s price recovery will also largely depend on Bitcoin\u2019s price action.\u00a0<\/span><\/p>\n

Data<\/span><\/a> from the market intelligence platform <\/span>IntoTheBlock<\/span><\/a> shows that Dogecoin\u2019s correlation with Bitcoin is at 0.91, indicating a strong positive price correlation between the prices of both crypto assets. As such, Bitcoin, being the flagship crypto, will need to make a bullish move soon enough so that Dogecoin can also enjoy a bullish reversal.\u00a0<\/span><\/p>\n

This reversal should happen soon enough, with crypto analysts like <\/span>Mikybull Crypto<\/span><\/a> predicting that Bitcoin will enjoy a huge rally in the coming weeks. The analyst predicted that the flagship crypto could reach a new <\/span>all-time high (ATH)<\/span><\/a> on its next leg up. This will undoubtedly pave the way for Dogecoin to surpass its <\/span>year-high of $0.22<\/span><\/a>, which it reached when Bitcoin hit its current ATH of $73,000 earlier in March of this year.\u00a0<\/span><\/p>\n

DOGE Could Reach $0.30 \u201cWithin Few Days\u201d<\/h2>\n

Crypto analyst World of Charts<\/span><\/a> has predicted that Dogecoin could surpass its year-high of $0.22 and reach $0.30 within a few days. He made this prediction while noting that the meme coin is consolidating within a <\/span>falling wedge<\/span><\/a>. He claimed that a breakout will send Dogecoin to this price level if the falling wedge plays out.\u00a0<\/span><\/p>\n

Related Reading: Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Trader Tardigrade<\/span><\/a> also recently made a bullish case for Dogecoin. He noted that the meme coin had formed the second low after the last touch to the support. He revealed that in previous cycles, Dogecoin pumped \u201cdrastically\u201d right after the second low. This also suggests that a mega rally is on the horizon for Dogecoin. Based on the chart he shared, Dogecoin could rise to <\/span>as high as $4<\/span><\/a> when it witnesses this parabolic move.\u00a0<\/span><\/p>\n

At the time of writing, Dogecoin is trading at around $0.099, up over 3% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price recovers above $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":"

Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent.\u00a0 TD Indicator Flashes Buy Signal For Dogecoin Martinez revealed in an\u00a0 X (formerly Twitter) post that the TD indicator is flashing a buy signal for Dogecoin. He added that the foremost meme coin is also showing a bullish divergence against the relative strength index (RSI) on the 4-hour chart. The crypto analyst noted how these positive signs suggest that a potential price rebound for Dogecoin is on the horizon.\u00a0 Related Reading: PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent? Dogecoin\u2019s price action has remained tepid so far, as the meme coin continues to range at the crucial price level of $0.10. However, these technical indicators show that Dogecoin could soon achieve a successful breakout above $0.10 and rise to new highs. Dogecoin\u2019s price recovery will also largely depend on Bitcoin\u2019s price action.\u00a0 Data from the market intelligence platform IntoTheBlock shows that Dogecoin\u2019s correlation with Bitcoin is at 0.91, indicating a strong positive price correlation between the prices of both crypto assets. As such, Bitcoin, being the flagship crypto, will need to make a bullish move soon enough so that Dogecoin can also enjoy a bullish reversal.\u00a0 This reversal should happen soon enough, with crypto analysts like Mikybull Crypto predicting that Bitcoin will enjoy a huge rally in the coming weeks. The analyst predicted that the flagship crypto could reach a new all-time high (ATH) on its next leg up. This will undoubtedly pave the way for Dogecoin to surpass its year-high of $0.22, which it reached when Bitcoin hit its current ATH of $73,000 earlier in March of this year.\u00a0 DOGE Could Reach $0.30 \u201cWithin Few Days\u201d Crypto analyst World of Charts has predicted that Dogecoin could surpass its year-high of $0.22 and reach $0.30 within a few days. He made this prediction while noting that the meme coin is consolidating within a falling wedge. He claimed that a breakout will send Dogecoin to this price level if the falling wedge plays out.\u00a0 Related Reading: Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements Crypto analyst Trader Tardigrade also recently made a bullish case for Dogecoin. He noted that the meme coin had formed the second low after the last touch to the support. He revealed that in previous cycles, Dogecoin pumped \u201cdrastically\u201d right after the second low. This also suggests that a mega rally is on the horizon for Dogecoin. Based on the chart he shared, Dogecoin could rise to as high as $4 when it witnesses this parabolic move.\u00a0 At the time of writing, Dogecoin is trading at around $0.099, up over 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":639612,"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":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-639600","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-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nMajor Dogecoin Indicator Flashes Bullish, Is It Time To Buy?<\/title>\n<meta name=\"description\" content=\"Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. 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. 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:\/\/www.wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?","url":"http:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bullish-time-to-buy\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bullish-time-to-buy\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Dogecoin-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Dogecoin-price.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-09-04T01:30:31Z","datePublished":"2024-09-04T01:30:31Z","dateModified":"2024-09-04T01:30:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/dogecoin\\\/dogecoin-bullish-time-to-buy\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/dogecoin\\\/dogecoin-bullish-time-to-buy\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin-price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-09-04T01:30:31Z\",\"datePublished\":\"2024-09-04T01:30:31Z\",\"dateModified\":\"2024-09-04T01:30:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Dogecoin-price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/639600"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=639600"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/639600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/639612"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=639600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=639600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=639600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}