{"id":648932,"date":"2024-10-20T20:00:55","date_gmt":"2024-10-20T20:00:55","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=648932"},"modified":"2024-10-20T07:39:35","modified_gmt":"2024-10-20T07:39:35","slug":"dogecoin-breaks-above-0-12-level-time-for-doge-to-catch-up","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/dogecoin\/dogecoin-breaks-above-0-12-level-time-for-doge-to-catch-up\/","title":{"rendered":"Dogecoin Breaks Above $0.12 Level \u2013 Time For DOGE To Catch Up?"},"content":{"rendered":"

Dogecoin (DOGE) has finally broken through the crucial $0.12 resistance level, marking a significant milestone as it surges to catch up with the broader crypto market rally. After weeks of struggling below that key supply zone, DOGE has made a strong move upward, sparking optimism among analysts and investors alike.\u00a0<\/span><\/p>\n

Many investors believe that this breakout could signal the start of a more sustained rally for the meme coin.<\/span><\/p>\n

Top analyst Daan recently shared key insights, pointing to a bullish outlook for Dogecoin in the coming weeks. According to his analysis, the breakout from $0.12 opens the door for DOGE to capitalize on the current market momentum.\u00a0<\/span><\/p>\n

Related Reading: Strong Buy Signal For DogWifHat (WIF) \u2013 Key Indicator Hints At Rally To $4<\/a><\/div>\n

As Bitcoin and other major altcoins continue to gain strength, Dogecoin investors are closely watching for confirmation of bullish continuation, hoping for further upside potential.<\/span><\/p>\n

With the market pushing higher and Dogecoin now breaking free from past struggles, many expect the meme coin to deliver impressive gains in the near term.<\/span><\/p>\n

Dogecoin Making Moves<\/span><\/h2>\n

Dogecoin has surged over 33% since Monday, and it is now holding above its previous resistance level, maintaining bullish price action. This rally has sparked optimism among analysts and investors, as the overall market sentiment remains positive, and many believe that Dogecoin is primed for further gains in the coming weeks.<\/span><\/p>\n

Top analyst and investor Daan shared a technical analysis on X<\/a>, highlighting the significance of DOGE\u2019s recent breakout. According to Daan, Dogecoin has successfully broken above the crucial $0.12 horizontal level and the Daily 200 moving average (MA).\u00a0<\/span><\/p>\n

\"Dogecoin
Dogecoin Broke above the $0.12 level and the daily 200 MA | Source: Daan on X<\/a><\/figcaption><\/figure>\n

He noted that this breakout signals “pretty much clear skies” for the meme coin, as there is little resistance above this point. However, he also emphasized that $0.12 remains a key level, serving as an invalidation point if the price were to drop below it.<\/span><\/p>\n

Despite the impressive performance of other meme coins in the market, Dogecoin has lagged behind in recent months. With this breakout, however, many believe that DOGE is finally catching up, and the coming weeks could see even more significant upside for the popular cryptocurrency.<\/span><\/p>\n

Related Reading: Ethereum Bullish Pattern Signals Upcoming Rally \u2013 Analyst Sets $2,870 Target<\/a><\/div>\n

As market conditions remain favorable, all eyes are on Dogecoin to see if it can continue building on this momentum and push toward higher price levels.<\/span><\/p>\n

DOGE Price Action<\/span><\/h2>\n

Dogecoin is currently trading at $0.14 after a 4% retrace from its recent high of $0.147. This surge saw DOGE break above both the 200-day moving average (MA) and the exponential moving average (EMA), confirming a bullish outlook for the meme coin in the coming weeks.\u00a0<\/span><\/p>\n

\"DOGE
DOGE setting new local highs | Source: DOGEUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

Analysts and investors are optimistic that Dogecoin will continue its upward momentum, fueled by positive market sentiment.<\/span><\/p>\n

However, there is a risk that DOGE may face downward pressure if it fails to hold above the crucial $0.129 mark, which aligns with the 200-day MA. <\/span><\/p>\n

A drop below this level could lead to a deeper retrace, testing the strength of the recent rally. With market conditions remaining volatile, the upcoming week will be key to determining whether DOGE can maintain its bullish trend or if it will enter a period of consolidation or further correction.<\/span><\/p>\n

Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs<\/a><\/div>\n

Traders are keeping a close eye on this support level, as a successful hold above $0.129 would likely signal more upside potential, while a break below it could dampen the current bullish sentiment. All eyes are on Dogecoin to see how it performs in the critical days ahead.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) has finally broken through the crucial $0.12 resistance level, marking a significant milestone as it surges to catch up with the broader crypto market rally. After weeks of struggling below that key supply zone, DOGE has made a strong move upward, sparking optimism among analysts and investors alike.\u00a0 Many investors believe that this breakout could signal the start of a more sustained rally for the meme coin. Top analyst Daan recently shared key insights, pointing to a bullish outlook for Dogecoin in the coming weeks. According to his analysis, the breakout from $0.12 opens the door for DOGE to capitalize on the current market momentum.\u00a0 Related Reading: Strong Buy Signal For DogWifHat (WIF) \u2013 Key Indicator Hints At Rally To $4 As Bitcoin and other major altcoins continue to gain strength, Dogecoin investors are closely watching for confirmation of bullish continuation, hoping for further upside potential. With the market pushing higher and Dogecoin now breaking free from past struggles, many expect the meme coin to deliver impressive gains in the near term. Dogecoin Making Moves Dogecoin has surged over 33% since Monday, and it is now holding above its previous resistance level, maintaining bullish price action. This rally has sparked optimism among analysts and investors, as the overall market sentiment remains positive, and many believe that Dogecoin is primed for further gains in the coming weeks. Top analyst and investor Daan shared a technical analysis on X, highlighting the significance of DOGE\u2019s recent breakout. According to Daan, Dogecoin has successfully broken above the crucial $0.12 horizontal level and the Daily 200 moving average (MA).\u00a0 He noted that this breakout signals “pretty much clear skies” for the meme coin, as there is little resistance above this point. However, he also emphasized that $0.12 remains a key level, serving as an invalidation point if the price were to drop below it. Despite the impressive performance of other meme coins in the market, Dogecoin has lagged behind in recent months. With this breakout, however, many believe that DOGE is finally catching up, and the coming weeks could see even more significant upside for the popular cryptocurrency. Related Reading: Ethereum Bullish Pattern Signals Upcoming Rally \u2013 Analyst Sets $2,870 Target As market conditions remain favorable, all eyes are on Dogecoin to see if it can continue building on this momentum and push toward higher price levels. DOGE Price Action Dogecoin is currently trading at $0.14 after a 4% retrace from its recent high of $0.147. This surge saw DOGE break above both the 200-day moving average (MA) and the exponential moving average (EMA), confirming a bullish outlook for the meme coin in the coming weeks.\u00a0 Analysts and investors are optimistic that Dogecoin will continue its upward momentum, fueled by positive market sentiment. However, there is a risk that DOGE may face downward pressure if it fails to hold above the crucial $0.129 mark, which aligns with the 200-day MA. A drop below this level could lead to a deeper retrace, testing the strength of the recent rally. With market conditions remaining volatile, the upcoming week will be key to determining whether DOGE can maintain its bullish trend or if it will enter a period of consolidation or further correction. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs Traders are keeping a close eye on this support level, as a successful hold above $0.129 would likely signal more upside potential, while a break below it could dampen the current bullish sentiment. All eyes are on Dogecoin to see how it performs in the critical days ahead. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":648933,"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":[92231,7,90338,92134,93159,1803,5786,89907,79600],"class_list":["post-648932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge-analysis","tag-dogecoin","tag-dogecoin-accumulation","tag-dogecoin-break","tag-dogecoin-bull-run","tag-dogecoin-news","tag-dogecoin-price-action","tag-dogecoin-rally","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Breaks Above $0.12 Level \u2013 Time For DOGE To Catch Up?<\/title>\n<meta name=\"description\" content=\"Dogecoin breaks $0.12 resistance, signaling bullish breakout. Analyst predicts further gains as market sentiment improves. 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