{"id":641088,"date":"2025-09-11T11:30:44","date_gmt":"2025-09-11T11:30:44","guid":{"rendered":"https:\/\/wncen.com\/?p=641088"},"modified":"2025-09-11T07:47:43","modified_gmt":"2025-09-11T07:47:43","slug":"analyst-eyes-7-dogecoin-jump-will-it-smash-the-0-15-barrier","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analyst-eyes-7-dogecoin-jump-will-it-smash-the-0-15-barrier\/","title":{"rendered":"Analyst Eyes 7% Dogecoin Jump\u2014Will It Smash The $0.15 Barrier?"},"content":{"rendered":"

The possibility of a Dogecoin market reversal has crypto observers interested in the meme coin. While it did record some gains in recent days, CoinCodex’s price prediction<\/a> still projects a 13% decline, which may further drive DOGE to $0.088742 by October 10, 2024.<\/p>\n

Related Reading: BNB Weekly Active Addresses Surge Over 6% \u2013 Is A Rally On The Way?<\/a><\/div>\n

This is despite an interesting observation by cryptocurrency analyst Master Kenobi. As Kenobi says, every downtrend is retreating in duration, which in turn means that the bears may exhaust themselves, and it could clear the way for a recovery.<\/p>\n

\n

The #DOGE<\/a> bear market consisted of three major downtrend cycles.
\nWhether it’s a coincidence or not, the first cycle lasted 540 days, nearly 1.5 years; the second lasted 364 days, exactly one year; and we are now concluding the third downtrend cycle, which lasted approximately 182\u2026 pic.twitter.com\/GToZmRaPCh<\/a><\/p>\n

\u2014 Master Kenobi (@btc_MasterPlan) September 9, 2024<\/a><\/p><\/blockquote>\n

He explained that the initial downtrend lasted 540 days, or approximately 1.5 years while the second cycle was 364 days. Against these, he said, the ongoing downtrend has seen only 182 days, or roughly six months. As a matter of fact, the compressing length of such cycles could be seen as a signal for a momentum shift, setting things up for a likely bull run.<\/p>\n

\"\"<\/p>\n

Dogecoin Price Action<\/h2>\n

Dogecoin<\/a> is currently trading at $0.1003, up 6% in the last seven days. The price had bounced off a support line of $0.089 and a bullish falling wedge pattern on DOGE’s daily chart has been identified. Dogecoin’s price would rapidly shoot to $0.15 if it maintains the level above $0.10, the chart suggests.<\/p>\n

\"\"
DOGE price up in the last week. Source: Coingecko<\/a><\/figcaption><\/figure>\n

Fear And Market Sentiment<\/h2>\n

Despite the recent upward movement, market sentiment still lies in fear. The Fear & Greed Index stands at 33 for now and illustrates the amount of fear investors have. This, despite the performance of Dogecoin in the last 30 days, which stood at 15 green days up.<\/p>\n

The price movements of DOGE, on the other hand, usually come pretty stable as the positivity rate stood at 50%. Volatility remains very low, standing at 4.38%. While stability can be reassuring, it also suggests that DOGE lacks the momentum for a major breakout.<\/p>\n

\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n

Mixed signals in the market have made investors wary of taking any particular call. Investors seem to be performing a balancing act between short-term optimism and longer-term risks. The low volatility and an equal number of green days signal consolidation without showing any reversal signals.<\/p>\n

Related Reading: Vitalik Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum<\/a><\/div>\n

Conflict In Forecasts<\/h3>\n

While some short-term indicators may have reflected the possibility of a rally, the longer-term forecast is bearish. According to CoinCodex<\/a>, this cryptocurrency might fall 13.78%, putting Dogecoin at $0.088742 by October 2024. The above forecast really conflicts with the current bullish momentum of this token.<\/p>\n

Dogecoin is, therefore, at a crossroads. While the short-term indications may suggest some bullish momentum, technical indicators and recent price action indeed support a plausible rally for the meme crypto.<\/p>\n

But until then, the bearish long-term forecast continues with ongoing market fear; it would be best to exercise caution. Investors will do well by keeping a close eye on the short-term price action and broader market development before making serious moves.<\/p>\n

Featured image from StormGain, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The possibility of a Dogecoin market reversal has crypto observers interested in the meme coin. While it did record some gains in recent days, CoinCodex’s price prediction still projects a 13% decline, which may further drive DOGE to $0.088742 by October 10, 2024. Related Reading: BNB Weekly Active Addresses Surge Over 6% \u2013 Is A Rally On The Way? This is despite an interesting observation by cryptocurrency analyst Master Kenobi. As Kenobi says, every downtrend is retreating in duration, which in turn means that the bears may exhaust themselves, and it could clear the way for a recovery. The #DOGE bear market consisted of three major downtrend cycles. Whether it’s a coincidence or not, the first cycle lasted 540 days, nearly 1.5 years; the second lasted 364 days, exactly one year; and we are now concluding the third downtrend cycle, which lasted approximately 182\u2026 pic.twitter.com\/GToZmRaPCh \u2014 Master Kenobi (@btc_MasterPlan) September 9, 2024 He explained that the initial downtrend lasted 540 days, or approximately 1.5 years while the second cycle was 364 days. Against these, he said, the ongoing downtrend has seen only 182 days, or roughly six months. As a matter of fact, the compressing length of such cycles could be seen as a signal for a momentum shift, setting things up for a likely bull run. Dogecoin Price Action Dogecoin is currently trading at $0.1003, up 6% in the last seven days. The price had bounced off a support line of $0.089 and a bullish falling wedge pattern on DOGE’s daily chart has been identified. Dogecoin’s price would rapidly shoot to $0.15 if it maintains the level above $0.10, the chart suggests. Fear And Market Sentiment Despite the recent upward movement, market sentiment still lies in fear. The Fear & Greed Index stands at 33 for now and illustrates the amount of fear investors have. This, despite the performance of Dogecoin in the last 30 days, which stood at 15 green days up. The price movements of DOGE, on the other hand, usually come pretty stable as the positivity rate stood at 50%. Volatility remains very low, standing at 4.38%. While stability can be reassuring, it also suggests that DOGE lacks the momentum for a major breakout. Mixed signals in the market have made investors wary of taking any particular call. Investors seem to be performing a balancing act between short-term optimism and longer-term risks. The low volatility and an equal number of green days signal consolidation without showing any reversal signals. Related Reading: Vitalik Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum Conflict In Forecasts While some short-term indicators may have reflected the possibility of a rally, the longer-term forecast is bearish. According to CoinCodex, this cryptocurrency might fall 13.78%, putting Dogecoin at $0.088742 by October 2024. The above forecast really conflicts with the current bullish momentum of this token. Dogecoin is, therefore, at a crossroads. While the short-term indications may suggest some bullish momentum, technical indicators and recent price action indeed support a plausible rally for the meme crypto. But until then, the bearish long-term forecast continues with ongoing market fear; it would be best to exercise caution. Investors will do well by keeping a close eye on the short-term price action and broader market development before making serious moves. Featured image from StormGain, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":641094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,1742,1785,7,84471],"class_list":["post-641088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-digital-currency","tag-doge","tag-dogecoin","tag-meme-coin"],"acf":[],"yoast_head":"\nAnalyst Eyes 7% Dogecoin Jump: Will It Smash The $0.15 Barrier?<\/title>\n<meta name=\"description\" content=\"The possibility of a Dogecoin market reversal has crypto observers interested in the meme coin. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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