{"id":248805,"date":"2024-02-17T00:38:37","date_gmt":"2024-02-16T19:08:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-a-1-breakout-impending-crypto-news\/"},"modified":"2024-02-17T00:38:40","modified_gmt":"2024-02-16T19:08:40","slug":"is-a-1-breakout-impending-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-a-1-breakout-impending-crypto-news\/","title":{"rendered":"Is a $1 Breakout Impending &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Dogecoin, the cryptocurrency inspired by a popular meme, has witnessed a remarkable upswing in its value as the broader crypto market displays optimistic signs. Over the last week, this digital coin and its counterparts, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> (BTC) and <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\"><span style=\"font-weight: 400;\">Ethereum<\/span><\/a><span style=\"font-weight: 400;\"> (ETH), have been enjoying a bullish trajectory.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has notably breached the $51,000 mark, catalyzing the momentum observed across the crypto sphere. Currently, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/dogecoin\/\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> is valued at $0.08523, marking an increase of over 1% in the last day alone.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><strong>Dogecoin Price Analysis: A Bullish Trend on the Horizon<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Since June 2023, Dogecoin\u2019s trading pattern has been noteworthy, characterized by its movement within a long-standing structure. It recently overcame a short-term diagonal barrier and is nearing a significant horizontal threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analysis weekly reveals that Dogecoin has been navigating through an ascending parallel channel since June of the previous year. A breakout occurred on December 4, propelling the currency to a peak of $0.108 that month, setting a new record for 2023.<\/span><\/p>\n<figure id=\"attachment_180850\" aria-describedby=\"caption-attachment-180850\" style=\"width: 1224px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Dogecoin-price-e1708108675354.png\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-180850\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Dogecoin-price-1224x643.png\" alt=\"Dogecoin Price\" width=\"1224\" height=\"643\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-180850\" class=\"wp-caption-text\">Dogecoin Price<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Lately, the price of the Dogecoin has fluctuated between $0.08 and $0.086. Despite the overall positive market trend, Dogecoin struggled to sustain its upward momentum, dropping below the critical $0.1 support level. However, the last few days, especially over the weekend, have shown a bullish pattern, with Dogecoin experiencing a rise of more than 5%.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Dogecoin\u2019s trading activity has recently taken a hit, with its 24-hour trading volume plummeting by more than 37%, now at $471 million. This downturn in trading activity ranks Dogecoin as the 10th largest <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\"><span style=\"font-weight: 400;\">cryptocurrency<\/span><\/a><span style=\"font-weight: 400;\"> by market capitalization, with its market value estimated at approximately $12.2 billion, according to insights from CoinMarketCap.\u00a0<\/span><\/p>\n<h2><strong>Will Dogecoin\u2019s Price Hit The $0.1 Level By The End Of March?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/popular-analyst-predicts-dogecoin-price-rebound-to-0-1\/\"><span style=\"font-weight: 400;\">DOGE<\/span><\/a><span style=\"font-weight: 400;\"> manages to surpass the $0.088 mark, it could be on track to encounter its next significant resistance at $0.102, potentially breaking free from its longstanding trading pattern. Achieving and maintaining a position above this critical juncture could open the door for Dogecoin to pursue a much more ambitious resistance level at $1.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the flip side, should Dogecoin\u2019s price fall beneath the $0.085 level, it might retract to the descending support trendline at $0.083. A bearish market sentiment could further pressure Dogecoin, leading to a potential decline toward a lower support level of $0.07.\u00a0<\/span><\/p>\n<h2><strong>Technical Indicators Signal a Bullish Outlook for Dogecoin<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) indicator presents a bullish trend, with a green histogram visible on the chart and the MACD line positioned above the signal line, suggesting a buying opportunity. The moving averages hint at a potential bullish crossover, indicating that significant price movements may be imminent.<\/span><\/p>\n<figure id=\"attachment_180849\" aria-describedby=\"caption-attachment-180849\" style=\"width: 1154px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-180849\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin Price\" width=\"1154\" height=\"652\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-768x434.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-150x85.png 150w\" data-lazy-sizes=\"(max-width: 1154px) 100vw, 1154px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-180849\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57.png\" alt=\"Dogecoin Price\" width=\"1154\" height=\"652\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-300x169.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-768x434.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/DOGEUSD_2024-02-16_21-30-57-150x85.png 150w\" sizes=\"auto, (max-width: 1154px) 100vw, 1154px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-180849\" class=\"wp-caption-text\">Dogecoin Price Chart: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/3X3dhZnK\/\">Tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Chaikin Money Flow (CMF) index, standing at 0.10, points towards a possible upswing. Meanwhile, the Relative Strength Index (RSI) for DOGE\/USD remains above 50, indicating a neutral market stance. The 20 Exponential Moving Averages and 50 EMA on the daily chart suggest a bullish inclination, with the 20 EMA positioned above the 50 EMA, further supporting the optimistic outlook for Dogecoin\u2019s price trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Related Articles<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/dogecoin-price-analysis-is-a-1-breakout-impending\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/dogecoin-price-analysis-is-a-1-breakout-impending\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA180848\">\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>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. 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async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin, the cryptocurrency inspired by a popular meme, has witnessed a remarkable upswing in its value as the broader crypto market displays optimistic signs. Over the last week, this digital coin and its counterparts, Bitcoin (BTC) and Ethereum (ETH), have been enjoying a bullish trajectory.\u00a0 Bitcoin has notably breached the $51,000 mark, catalyzing the momentum [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":243987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-248805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248805","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=248805"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248805\/revisions"}],"predecessor-version":[{"id":248806,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248805\/revisions\/248806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243987"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=248805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=248805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=248805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}