{"id":567700,"date":"2024-01-02T16:00:32","date_gmt":"2024-01-02T16:00:32","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=567700"},"modified":"2024-01-02T11:57:42","modified_gmt":"2024-01-02T11:57:42","slug":"dogecoin-is-bullish-crypto-analyst","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/dogecoin\/dogecoin-is-bullish-crypto-analyst\/","title":{"rendered":"Dogecoin Is Bullish? Crypto Analyst Gives Reasons Why Investors Should Pay Attention"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/xrp-price-pump-now-or-never\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Jaydee<\/span><\/a><span style=\"font-weight: 400\"> has made a bullish case for <\/span><a href=\"https:\/\/bitcoinist.com\/similarities-dogecoin-and-pepe\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dogecoin (DOGE)<\/span><\/a><span style=\"font-weight: 400\"> as he outlined several reasons why a significant price breakout may be on the horizon for the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-10-largest-meme-coin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">foremost meme coin<\/span><\/a><span style=\"font-weight: 400\">. DOGE\u2019s price saw a 370x gain the last time the indicators Jaydee highlighted materialized.\u00a0<\/span><\/p>\n<h2>Why Crypto Investors Should Pay Attention To DOGE<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/x.com\/jaydee_757\/status\/73525541?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> on his X (formerly Twitter) platform, Jaydee noted three things that usually happen on the charts prior to DOGE experiencing a price breakout. The first indicator he mentioned was the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-prediction-analyst-hints-at-bull-run\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Moving Average Convergence Divergence<\/span><\/a><span style=\"font-weight: 400\"> (MACD). According to him, There is always a MACD bullish cross before DOGE sees a parabolic move.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/analysis\/xrp\/xrp-price-surge-crypto-analyst-predicts-various-bullish-scenarios-in-the-coming-days\/\">XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days<\/a><\/div>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-567704 aligncenter\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/01\/Dogecoin.png?w=460&#038;resize=460%2C236\" alt=\"Dogecoin\" width=\"460\" height=\"236\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/01\/Dogecoin.png?w=512 512w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/01\/Dogecoin.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\">Source: X<\/pre>\n<p><span style=\"font-weight: 400\">If so, then the Dogecoin rally may happen soon enough, as the crypto analyst mentioned that this indicator has been checked, suggesting that the bullish cross already happened. The second indicator he highlighted was the <\/span><a href=\"https:\/\/shenyangcang.com\/analysis\/xrp\/aso-bullish-cross-bull-run-start-xrp-crypto-analyst\/#:~:text=The%20ASO%20serves%20as%20a,or%20determining%20entry%2Fexit%20points.\"><span style=\"font-weight: 400\">Average Sentiment Oscillator<\/span><\/a><span style=\"font-weight: 400\"> (ASO). There is usually an ASO cross before the meme coin makes a significant move to the upside.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, unlike the MACD bullish cross, which seems to have already happened, this indicator is yet to materialize, as Jaydee stated that he is still awaiting this. This indicator looks like the only thing that is holding the potential DOGE breakout since the last and third indicator the crypto analyst referenced has already been \u201cchecked,\u201d too.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This third indicator is DOGE\u2019s price breaking out of <\/span><a href=\"https:\/\/bitcoinist.com\/1300-xrp-price-breakout-to-8\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">its multi-year trendline<\/span><\/a><span style=\"font-weight: 400\">. From the accompanying chart, which the analyst shared, DOGE saw parabolic moves in 2017 and 2021 when this happened. 2021 also happened to be the year that the meme coin rose to <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-10-largest-meme-coin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">its all-time high of $0.7<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With a parabolic move on the horizon, Jaydee remarked that he will be paying attention to DOGE for the next months. Everything seems to be pointing to a bullish move for the meme coin, as the crypto analyst also stated that DOGE\u2019s \u201cchart structure is amazing.\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/BDjjUX6U\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">DOGE bulls gaining control | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSD On Tradingview.com<\/a><\/pre>\n<h2>A DOGE Rally Is Long Overdue<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/dogecoin-reach-18-23000-surge\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">DOGE\u2019s price<\/span><\/a><span style=\"font-weight: 400\"> has been pretty tepid for a while as it continues to trade around the $0.09 price range. This shows that the meme coin is long overdue for a massive rally. That could happen soon as <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-god-candle\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">some price predictions<\/span><\/a><span style=\"font-weight: 400\"> hinted that 2024 was going to be a massive year for the crypto token.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/altcoin\/tellor-trb-75-price-crash\/\">Tellor (TRB) Leaves Market In Shock With 75% Price Crash, Here\u2019s What Happened<\/a><\/div>\n<p><span style=\"font-weight: 400\">Crypto analyst Captain Faibik, in particular, <\/span><a href=\"https:\/\/shenyangcang.com\/news\/dogecoin\/dogecoin-price-pump-to-0-7\/#:~:text=From%20the%20accompanying%20chart%20he,the%20first%20half%20of%202024.\"><span style=\"font-weight: 400\">had predicted<\/span><\/a><span style=\"font-weight: 400\"> that DOGE would see an \u201cepic pump\u201d this year that would see it revisit its all-time high. A move of such magnitude means that the crypto token could see a massive gain of 900%\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Dogecoin is still on course to <\/span><a href=\"https:\/\/shenyangcang.com\/news\/dogecoin\/dogecoin-to-the-moon\/\"><span style=\"font-weight: 400\">head to the moon<\/span><\/a><span style=\"font-weight: 400\"> as the ULA\u2019s Vulcan Centaur Rocket, which would be carrying a physical Dogecoin, is scheduled for launch on January 8. Such development could potentially spark a surge in the crypto token\u2019s price upon takeoff.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Dogecoin is trading at around $0.09286, up over 3% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Bankrate, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Jaydee has made a bullish case for Dogecoin (DOGE) as he outlined several reasons why a significant price breakout may be on the horizon for the foremost meme coin. DOGE\u2019s price saw a 370x gain the last time the indicators Jaydee highlighted materialized.\u00a0 Why Crypto Investors Should Pay Attention To DOGE In a post on his X (formerly Twitter) platform, Jaydee noted three things that usually happen on the charts prior to DOGE experiencing a price breakout. The first indicator he mentioned was the Moving Average Convergence Divergence (MACD). According to him, There is always a MACD bullish cross before DOGE sees a parabolic move. Related Reading: XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days Source: X If so, then the Dogecoin rally may happen soon enough, as the crypto analyst mentioned that this indicator has been checked, suggesting that the bullish cross already happened. The second indicator he highlighted was the Average Sentiment Oscillator (ASO). There is usually an ASO cross before the meme coin makes a significant move to the upside. However, unlike the MACD bullish cross, which seems to have already happened, this indicator is yet to materialize, as Jaydee stated that he is still awaiting this. This indicator looks like the only thing that is holding the potential DOGE breakout since the last and third indicator the crypto analyst referenced has already been \u201cchecked,\u201d too. This third indicator is DOGE\u2019s price breaking out of its multi-year trendline. From the accompanying chart, which the analyst shared, DOGE saw parabolic moves in 2017 and 2021 when this happened. 2021 also happened to be the year that the meme coin rose to its all-time high of $0.7. With a parabolic move on the horizon, Jaydee remarked that he will be paying attention to DOGE for the next months. Everything seems to be pointing to a bullish move for the meme coin, as the crypto analyst also stated that DOGE\u2019s \u201cchart structure is amazing.\u201d DOGE bulls gaining control | Source: DOGEUSD On Tradingview.com A DOGE Rally Is Long Overdue DOGE\u2019s price has been pretty tepid for a while as it continues to trade around the $0.09 price range. This shows that the meme coin is long overdue for a massive rally. That could happen soon as some price predictions hinted that 2024 was going to be a massive year for the crypto token.\u00a0 Related Reading: Tellor (TRB) Leaves Market In Shock With 75% Price Crash, Here\u2019s What Happened Crypto analyst Captain Faibik, in particular, had predicted that DOGE would see an \u201cepic pump\u201d this year that would see it revisit its all-time high. A move of such magnitude means that the crypto token could see a massive gain of 900%\u00a0 Meanwhile, Dogecoin is still on course to head to the moon as the ULA\u2019s Vulcan Centaur Rocket, which would be carrying a physical Dogecoin, is scheduled for launch on January 8. Such development could potentially spark a surge in the crypto token\u2019s price upon takeoff.\u00a0 At the time of writing, Dogecoin is trading at around $0.09286, up over 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Bankrate, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":567705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,89174,85675,89838,7,1803,1804,90097,79599,79600],"class_list":["post-567700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge-news","tag-doge-price","tag-doge-price-performance","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-performance","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Is Bullish? 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