{"id":594776,"date":"2023-01-06T11:51:53","date_gmt":"2023-01-06T17:51:53","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/06\/this-is-when-dogecoin-price-may-rise-by-15x-to-reach-beyond-1\/"},"modified":"2023-01-06T11:51:53","modified_gmt":"2023-01-06T17:51:53","slug":"this-is-when-dogecoin-price-may-rise-by-15x-to-reach-beyond-1","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/06\/this-is-when-dogecoin-price-may-rise-by-15x-to-reach-beyond-1\/","title":{"rendered":"This is When Dogecoin Price May Rise by 15x to Reach Beyond $1"},"content":{"rendered":"
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Since reaching highs, Dogecoin, the largest memecoin by market capitalization, has plummeted drastically, currently falling over 90% from its highs despite not being significantly impacted by current market trends. The DOGE price broke above a descending trend that acted as strong resistance throughout December 2022.\u00a0<\/p>\n

During the recent upswing, the DOGE price<\/a> showed potential to rally to the midpoint of the recent downtrend. In the past few days, the price displayed precise signals indicating a change in market behavior.\u00a0<\/p>\n

Currently, bulls have regained levels above $0.07 after testing bottoms at $0.661. The price rose above the 200-day MA levels just before closing the previous day\u2019s trade, indicating a revival of the bullish trend.<\/p>\n

Trading View<\/figcaption><\/figure>\n

Moving within a constant ascending parallel channel since the beginning of 2023, the DOGE price is displaying immense strength, aiming to reclaim the lost levels above $0.08 very soon. Meanwhile, the trading volume also has intensified, largely dominated by the bulls, and hence the price is expected to remain inflated for a longer time. With a lower pace and reduced volatility, the asset may not attract the bears that may help the bull to hold the grip over the rally for a long time ahead.\u00a0<\/p>\n

The market sentiments in 2023 are assumed to be pretty lighter than in 2022 and hence the possibility of a constant upswing emerges. In the larger perspective, the Dogecoin price appears to be poised for a larger price action as the Bollinger Bands have squeezed in the daily chart. Additionally, the MACD is displaying the possibility of a bullish crossover as the price is about to rise above the 20-day SMA which represents the middle bands.\u00a0<\/p>\n

Besides, the bullish reversal of RSI, a couple of times denotes the self-assurance of Dogecoin(DOGE) price to reclaim the positions above $0.08 anytime from now.\u00a0<\/p>\n<\/div>\n

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Sahana Vibhute<\/a><\/h3>\n

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Sahana Vibhute<\/p>\n","protected":false},"excerpt":{"rendered":"

Since reaching highs, Dogecoin, the largest memecoin by market capitalization, has plummeted drastically, currently falling over 90% from its highs despite not being significantly impacted by current market trends. The DOGE price broke above a descending trend that acted as strong resistance throughout December 2022.\u00a0During the recent upswing, the DOGE price showed potential to rally<\/p>\n","protected":false},"author":1,"featured_media":594777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45671,4759],"tags":[],"class_list":{"0":"post-594776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"category-price"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/594776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=594776"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/594776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/594777"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=594776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=594776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=594776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}