Is This the Start of Dogecoin’s Next Big Run?
The post Is This the Start of Dogecoin’s Next Big Run? appeared on BitcoinEthereumNews.com. Dogecoin, the original memecoin turned serious market contender, is back in the spotlight with a strong bullish surge that has caught the attention of both traders and long-term holders. After spending weeks consolidating below $0.17, DOGE price has broken out with conviction, crossing the $0.21 mark and flashing signals of an extended rally. With renewed retail interest, improving market sentiment, and visible strength on the charts, the big question is: Can Dogecoin price reach $0.25 in the coming days—or even go beyond it? This article dives deep into the latest price action, analyzes key technical indicators, and offers a data-backed prediction on what could come next for Dogecoin price. Dogecoin Price Prediction: Why Is Dogecoin Price Rising? DOGE/USD Daily Chart- TradingView Dogecoin (DOGE) price is showing strong bullish signals as it breaks past the $0.21 mark with increasing momentum. The current daily Heikin Ashi candle closed green with a +2.7% gain, marking the seventh consecutive green daily close—a clear indication that bulls are in control. This rally follows a solid accumulation phase below $0.17, and DOGE has now flipped resistance at $0.20 into support. The Relative Strength Index (RSI) has surged to 72.19, officially entering overbought territory. This means demand has rapidly outpaced supply. However, in strong uptrends, RSI can remain overbought for extended periods, hinting that this rally still has room to run before exhaustion. What Do the Charts Reveal? The chart shows a clean breakout above the previous short-term resistance level around $0.20. Dogecoin price is now eyeing the next major Fibonacci extension levels plotted on the chart: 0.618 Fib Extension: $0.216 1.0 Fib Extension: $0.228 1.618 Fib Extension: $0.249 Currently, DOGE price is trading at $0.21255, just under the 0.618 level. A confirmed daily close above $0.216 could push DOGE price to test $0.228 and possibly extend…
The post Is This the Start of Dogecoin’s Next Big Run? appeared on BitcoinEthereumNews.com.
Dogecoin, the original memecoin turned serious market contender, is back in the spotlight with a strong bullish surge that has caught the attention of both traders and long-term holders. After spending weeks consolidating below $0.17, DOGE price has broken out with conviction, crossing the $0.21 mark and flashing signals of an extended rally. With renewed retail interest, improving market sentiment, and visible strength on the charts, the big question is: Can Dogecoin price reach $0.25 in the coming days—or even go beyond it? This article dives deep into the latest price action, analyzes key technical indicators, and offers a data-backed prediction on what could come next for Dogecoin price. Dogecoin Price Prediction: Why Is Dogecoin Price Rising? DOGE/USD Daily Chart- TradingView Dogecoin (DOGE) price is showing strong bullish signals as it breaks past the $0.21 mark with increasing momentum. The current daily Heikin Ashi candle closed green with a +2.7% gain, marking the seventh consecutive green daily close—a clear indication that bulls are in control. This rally follows a solid accumulation phase below $0.17, and DOGE has now flipped resistance at $0.20 into support. The Relative Strength Index (RSI) has surged to 72.19, officially entering overbought territory. This means demand has rapidly outpaced supply. However, in strong uptrends, RSI can remain overbought for extended periods, hinting that this rally still has room to run before exhaustion. What Do the Charts Reveal? The chart shows a clean breakout above the previous short-term resistance level around $0.20. Dogecoin price is now eyeing the next major Fibonacci extension levels plotted on the chart: 0.618 Fib Extension: $0.216 1.0 Fib Extension: $0.228 1.618 Fib Extension: $0.249 Currently, DOGE price is trading at $0.21255, just under the 0.618 level. A confirmed daily close above $0.216 could push DOGE price to test $0.228 and possibly extend…
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