Dogecoin price analysis: DOGE bulls target $0.40 as crypto soars

2021-8-16 12:31

DOGE rose above $0.31 for the first time since mid-June

Dogecoin price soared last week and is up nearly 40% in the past seven days, with most of the gains recorded over the weekend as prices broke above $0.30 to reach weekly highs of $0.34.

Over the past 24 hours, the original meme coin's value has jumped 16%, and bulls could eye more gains this week. If the hype surrounding the coin continues to rally support, it could bring DOGE/USD towards the $0.40 mark.

At time of writing, Dogecoin's price is looking to bounce higher after a period of profit taking early this morning, which saw prices fall to lows of $0.29.

Dogecoin's market data from CoinGecko shows that daily trading volume has jumped to over $6 billion, with the market cap of $43.6 billion giving the seventh-ranked cryptocurrency a 2.09% market dominance.

Dogecoin price outlook

Dogecoin broke out of an ascending symmetrical pattern over the weekend and rose sharply before paring some of the gains as shown on the 4-hour chart. The upside saw DOGE break above the $0.31 resistance line for the first time since mid-June. 

DOGE/USD 4-hour chart. Source: TradingView

Currently, the 61.8% Fibonacci retracement level of the swing low to $0.16 provides support at $0.34. If bulls maintain the uptrend as suggested by the RSI and MACD indicators, the 78.6% Fib level should provide the next upside target around $0.38.

After this, buyers can target the round figure value at $0.40 and possibly the $0.45 zone.

On the downside, bulls can rely on support at the 20-day exponential moving average and the 50% Fib level, both of which are currently located around $0.30.  

The post Dogecoin price analysis: DOGE bulls target $0.40 as crypto soars appeared first on Coin Journal.

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.1397 (+0.05%)
Объем 24H $637.485m
Изменеия 24h: 0.09 %, 7d: -5.94 %
Cегодня L: $0.1397 - H: $0.14
Капитализация $22.582b Rank 9
Цена в час новости $ 0.3368 (-58.52%)

dogecoin doge price crypto soars bulls analysis

Источник: coinjournal.net

dogecoin doge → Результатов: 126


Is DOGE dead? why 50% analysts think it will fall 80% in 2026 as altcoins with real utility capture attention

The debate around Dogecoin’s downfall has returned, with nearly half of analysts forecasting that the meme coin could lose as much as 80% of its value by 2026. Despite hype surrounding a U.S. DOGE ETF and whale accumulation, experts argue that Dogecoin’s lack of fundamentals will make it difficult to compete with upcoming PayFi tokens, […]

2025-9-11 13:27


Dogecoin (DOGE) rises to $0.2257 with a 44% monthly surge but analysts say this token will bring much higher gains to early investors in 2025

Dogecoin (DOGE), the widely celebrated meme cryptocurrency, has seen an impressive 45% gain over the past month, currently trading at $0. 2404. This increment has captured significant attention from the crypto community, driven by heightened whale activity and bullish market sentiment.

2025-5-24 22:00


Dropping Dogecoin From Crypto Holdings? Coldware Completes 91% Of Presale Stage 1

Dogecoin (DOGE), once the poster child of meme-driven investing, is back in the headlines with analysts forecasting a potential 120% rally in April 2025. While that sounds promising on paper, many investors aren’t convinced it will be enough to keep Dogecoin (DOGE) relevant—especially with newer, utility-first projects like Coldware (COLD) quickly gaining traction.

2025-4-2 21:00


Dogecoin (DOGE) unlikely to hit $2, but $1.4 is within reach; Mutuum Finance (MUTM) gears up for 23401% surge in just  3 months

Dogecoin (DOGE) is the long-time favorite meme coin, captivating investors with its huge returns. Dogecoin is currently at $0.26, a modest increase of 0.15% from the previous close. While the $2 for Dogecoin dream remains on people’s tongues, all analyses point to a more viable target in the form of $1.4. This prediction is being […]

2025-3-4 22:15


Фото:

Dogecoin готовится к росту? Илон Маск заявил, что пора использовать DOGE по-крупному

Назначение Маска в новый департамент 2024 год стал прорывным для Dogecoin (DOGE). Мем-коин обновил трехлетний максимум, а также стал символом новой инициативы избранного президента США Дональда Трампа — Департамента правительственной эффективности (D.

2024-12-30 15:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

$25M DOGE whale alert: Can THIS crucial zone spark Dogecoin rally?

Key Takeaways  How does the first half of the analysis reflect DOGE’s resilience despite the whale inflow? The charts show DOGE holding key support, while netflows, price structure, and early momThe post $25M DOGE whale alert: Can THIS crucial zone spark Dogecoin rally? appeared first on AMBCrypto.

Dogecoin: Can DOGE breakout despite $700M whale sell-off?

Key Takeaways How are traders battling? Mid-tier whales bought 4.72 billion DOGE, while the big ones sold $700 million worth of the memecoins. Did DOGE price react? Dogecoin demonstrated resiliencThe post Dogecoin: Can DOGE breakout despite $700M whale sell-off? appeared first on AMBCrypto.

Dogecoin - Another 18% price drop may be on the cards because...

Key Takeaways What is the short-term outlook for Dogecoin? Though there seemed to be some evidence for accumulation on-chain, it likely isn't enough to prevent another 18% price slide . Why is suchThe post Dogecoin - Another 18% price drop may be on the cards because... appeared first on AMBCrypto.