{"id":36450,"date":"2024-02-26T15:53:41","date_gmt":"2024-02-26T19:53:41","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36450"},"modified":"2024-02-26T15:53:41","modified_gmt":"2024-02-26T19:53:41","slug":"dogecoin-price-echoes-past-bull-run-will-it-rise-above-1-soon","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/26\/dogecoin-price-echoes-past-bull-run-will-it-rise-above-1-soon\/","title":{"rendered":"Dogecoin Price Echoes Past Bull Run: Will It Rise Above $1 Soon?"},"content":{"rendered":"

The Dogecoin price has been trending sideways on low timeframes, but the cryptocurrency might be gearing up for a massive rally. The bull run across the nascent sector has been unkind to the king of the memecoins, but an analyst pointed at a potential change in direction towards a fresh all-time high. <\/strong><\/p>\n

As of this writing, DOGE has stalled at its current levels with a 2% loss over the past 24 hours. Over the previous seven days, the token has recorded similar performance, but it remains green on the 2-week and 30-day horizon.<\/p>\n

Dogecoin Price Aims For The Moon? 23,000% Rally Possible<\/h2>\n

According to analyst Ali Martinez, the Dogecoin price is moving<\/a> with previous bullish trends. Despite the low timeframe bearish momentum, the king of the memecoins could record a new massive rally above its current all-time high near the $0.80 level.<\/p>\n

As seen in the chart below, the Dogecoin price experiences a sideways trend, which can extend to 679 days before exploding into a new all-time high. On DOGE\u2019s weekly chart, the token records profits of 8,000% and 23,000% each time this happens.<\/p>\n

In late 2017, when the price of Bitcoin rose to $20,000, the Dogecoin price followed and broke the 679-day sideways trend with an 8,700% rally. In 2021, the memecoin experienced a similar breakout but with an even bigger rally.<\/p>\n

As the chart shows, Dogecoin might see an even bigger rally above $1 and $3 if this potential rally materializes. This price action is supported by DOGE\u2019s capacity to move more aggressively to the upside every time it breaks the long sideways trend.<\/p>\n

The analyst stated:<\/p>\n

The price action of #Dogecoin appears to mirror patterns observed in its past bull markets. If history repeats itself, we could see $DOGE enter a parabolic breakout around April!<\/p>\n

DOGE Price On The Short-Term<\/h2>\n

On low timeframes, the $0.10 level is critical resistance for the token to fulfill its bullish potential. NewsBTC reported<\/a> that the cryptocurrency hints at a potential breakout, but DOGE must recover the $0.0914 area before scoring further gains.<\/p>\n

This week, the crypto market might see opposition from macroeconomic developments, which could spark volatility. If the Dogecoin price can hold its ground, the possibility of a bull run will gain further momentum.<\/p>\n

Cover image from Dall-E, chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

The Dogecoin price has been trending sideways on low timeframes, but the cryptocurrency might be gearing up for a massive rally. The bull run across the nascent sector has been unkind to the king of the memecoins, but an analyst pointed at a potential change in direction towards a fresh all-time high. <\/strong><\/p>\n

As of this writing, DOGE has stalled at its current levels with a 2% loss over the past 24 hours. Over the previous seven days, the token has recorded similar performance, but it remains green on the 2-week and 30-day horizon.<\/p>\n

Dogecoin Price Aims For The Moon? 23,000% Rally Possible<\/h2>\n

According to analyst Ali Martinez, the Dogecoin price is moving<\/a> with previous bullish trends. Despite the low timeframe bearish momentum, the king of the memecoins could record a new massive rally above its current all-time high near the $0.80 level.<\/p>\n

As seen in the chart below, the Dogecoin price experiences a sideways trend, which can extend to 679 days before exploding into a new all-time high. On DOGE\u2019s weekly chart, the token records profits of 8,000% and 23,000% each time this happens.<\/p>\n

In late 2017, when the price of Bitcoin rose to $20,000, the Dogecoin price followed and broke the 679-day sideways trend with an 8,700% rally. In 2021, the memecoin experienced a similar breakout but with an even bigger rally.<\/p>\n

As the chart shows, Dogecoin might see an even bigger rally above $1 and $3 if this potential rally materializes. This price action is supported by DOGE\u2019s capacity to move more aggressively to the upside every time it breaks the long sideways trend.<\/p>\n

The analyst stated:<\/p>\n

The price action of #Dogecoin appears to mirror patterns observed in its past bull markets. If history repeats itself, we could see $DOGE enter a parabolic breakout around April!<\/p>\n

DOGE Price On The Short-Term<\/h2>\n

On low timeframes, the $0.10 level is critical resistance for the token to fulfill its bullish potential. NewsBTC reported<\/a> that the cryptocurrency hints at a potential breakout, but DOGE must recover the $0.0914 area before scoring further gains.<\/p>\n

This week, the crypto market might see opposition from macroeconomic developments, which could spark volatility. If the Dogecoin price can hold its ground, the possibility of a bull run will gain further momentum.<\/p>\n

Cover image from Dall-E, chart from Tradingview<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-36450","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=36450"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36450\/revisions"}],"predecessor-version":[{"id":36458,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36450\/revisions\/36458"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36450"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}