Dogecoin Price Prediction: The cryptocurrency market is likely witnessing a pre-halving consolidation, evidenced by a narrow range formation in Bitcoin<\/a>. While a majority of major altcoins follow the same trend, the leading meme cryptocurrency, Dogecoin, showcased a notable upswing hitting a 27-month high of $0.228.<\/span><\/p>\n However, the market is poised for a potential uptrend in the upcoming weeks as we approach April- the scheduled month for Bitcoin halving. Will this renewed market recovery push the DOGE price<\/a> to the $0.3 milestone?<\/span><\/p>\n <\/p>\n Also Read: Dogecoin Price Gains Momentum as Whales Dive In, Is $0.3 Next Stop?<\/a><\/p>\n The Dogecoin price<\/a> rebounded from its last correction in March\u2019s fourth week as buyers suitable support at the 50-day EMA. The positive turnaround uplifted the asset <\/span>from $0.122 to $0.21 high, registering 86% growth.<\/span><\/p>\n The rising price has also surpassed the last swing high of $0.192, providing buyers with the next stepping stone to prolong recovery. Amid the current consolidation trend in the market, the DOGE price sees a minor pullback of 8% in 72 hours currently trading at $0.21.<\/span><\/p>\n <\/p>\n With a market cap of $30.2 Billion, Dogecoin<\/a> holds its position as the 8th largest cryptocurrency as per Coinmarketcap.<\/span><\/p>\n However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.<\/span><\/p>\n Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin\u2019s price is likely to align with the bullish pattern formation.<\/span><\/p>\n <\/p>\n With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448.<\/span><\/p>\n Also Read: Top Analyst Predicts Bitcoin To Hit $75K, But There\u2019s A Catch<\/a><\/p>\n <\/p>\n Related Articles<\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nRounding Bottom Pattern Sets DOGE For Prolong Rally<\/b><\/h2>\n
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Technical Indicator<\/b><\/h2>\n
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