{"id":122937,"date":"2023-07-15T18:47:57","date_gmt":"2023-07-15T18:47:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-dogecoin-price-recliam-0-08-mark-amid-market-surge-crypto-news\/"},"modified":"2023-07-15T18:48:00","modified_gmt":"2023-07-15T18:48:00","slug":"can-dogecoin-price-recliam-0-08-mark-amid-market-surge-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-dogecoin-price-recliam-0-08-mark-amid-market-surge-crypto-news\/","title":{"rendered":"Can Dogecoin Price Recliam $0.08 Mark Amid Market Surge?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154344\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/16000048\/QEBvrCiR-e1689445883971.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Dogecoin Price\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/16000048\/QEBvrCiR-e1689445883971.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/16000048\/QEBvrCiR-e1689445883971-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/16000048\/QEBvrCiR-e1689445883971-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/16000048\/QEBvrCiR-e1689445883971-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 5 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">In the daily time frame chart, the Dogecoin price showed the formation of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/rising-wedge-pattern-how-to-trade-with-it-on-a-crypto-price-chart\/\">rising wedge pattern<\/a>,  Using the pattern&#8217;s support trendline, this popular memecoin witnessed silent recovery in the past five weeks registering a growth of 37.6%.  Will the chart setup lead to further growth in DOGE price?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also<\/strong> <strong>read<\/strong>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/dogecoin-price-analysis-will-doge-buyers-hold-0-07-buyers-as-fud-rises\/\">Dogecoin Price Analysis: Will $DOGE Buyers Hold $0.06 Support As Market FUD Rises?<\/a><\/p>\n<h2><b>Dogecoin Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A breakdown below the support trendline of the wedge pattern could tumble the $DOGE price by 20%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The recently reclaimed 50-day EMA bolsters buyers to prolong the current recovery.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The 24-hour trading volume in the Dogecoin coin is $941.6 Million, indicating a 26% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin Price \" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/QEBvrCiR.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/QEBvrCiR.png\" alt=\"Dogecoin Price \" width=\"1946\" height=\"1104\"\/><\/noscript>Source-<\/span><span style=\"font-weight: 400;\">tradingview<\/span><span style=\"font-weight: 400;\"> <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amidst the recent recovery in the crypto market, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/dogecoin\/\">dogecoin price<\/a> managed to rechallenge the upper resistance trendline of the wedge pattern.  In theory, this pattern is a downtrend continuation pattern that offers a resting period for sellers to regain strength.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Until the two trendlines of this pattern are intact, the asset price is likely to resonate within them and extend a minor recovery.  As of press time, the DOGE price trades at $0.0723 and shows a rejection candle near the upper trendline.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">A possible reversal from this overhead resistance may plunge the price back to a lower trendline.  However, a breakdown below the support trendline is needed to complete this pattern which could potentially push the prices to the $0.053 mark.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Will Dogecoin Price Retake $0.75 High?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Considering the bullish sentiment in the market, the Dogecoin price may witness a rare-case scenario of surpassing the upper trendline.  This bullish breakout with a daily candle closing will accelerate the bullish momentum and surge the memecoin 21% higher to hit $0.083.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> above 60% reflects the bullish momentum that is growing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The 200-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA slope<\/a> aligned with $0.0748 creates a high supply zone.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154344\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154344\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 5 minutes ago In the daily time frame chart, the Dogecoin price showed the formation of a rising wedge pattern, Using the pattern&#8217;s support trendline, this popular memecoin witnessed silent recovery in the past five weeks registering a growth of 37.6%. Will the chart setup lead to further growth in DOGE price? Also read, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-122937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=122937"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122937\/revisions"}],"predecessor-version":[{"id":122939,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122937\/revisions\/122939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/122938"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=122937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=122937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=122937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}