Fun

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

News Feed - 2024-11-15 12:11:00

Este artículo también está disponible en español.


The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formationof a new Department of Government Efficiency (DOGE) to be led by Elon Musk and Vivek Ramaswamy. Interestingly, Dogecoin is up by about 250% in the past 30 days, far outpacing that of Bitcoin’s 40% increase in the same timeframe. 


This Dogecoin price overperformanceagainst the Bitcoin price has seen the DOGE/BTC pair breaking above a descending trendline. Notably, crypto analyst KALEO forecasts substantial gains for Dogecoin against Bitcoin, noting a significant breakout in the DOGE/BTC pair. Analyst Says A 175% Dogecoin Price Surge May Be On The Horizon


Crypto analyst KALEO highlighted a promising outlook for the Dogecoin pricewith his recent analysisof the DOGE/BTC trading pair. According to the price chart shared by the analyst, the Dogecoin/Bitcoin pair has been trending downwards since the first half of 2021. This downward path has been full of lower highs and lower lows, leading to the creation of a channel downtrend on a higher timeframe (HTF). However, the recent performance saw the pair break out of the upper trendline. Related Reading Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? 2 days ago


Interestingly, the last time this happened was in early 2021, just before the crazy 175% rally that sent the Dogecoin price surging to the current all-time high of $0.7316. He pointed out that the current Dogecoin price movement reflects similar momentum, suggesting another rapid 175% rise could be imminent.


KALEO emphasized that recent market conditions, Dogecoin’s resilience, and growing interest stemming from Donald Trump and Elon Musk’s DOGE’s department have contributed to a favorable setup for a potential rally. 


“With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push again, I wouldn’t be surprised to see something similar here,” he commented. Source: X Dogecoin Accumulation Points To A Continued Price Surge


Aside from the technical analysis of the Dogecoin price breakout above Bitcoin, KALEO also points out an interesting accumulation trend in the last 48 hours after the breakout. As it stands, the DOGE/BTC pair seems to be taking a breather and is now consolidating within a range.  Related Reading Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins 2 days ago


He noted that the current accumulation phase is taking place just above the higher timeframe resistance level, setting a strong foundation for Dogecoin’s next bullish move. This accumulation trend has served as a launchpad in past rallies, and this could also repeat itself soon.


The broader crypto market landscape also supports KALEO’s bullish prediction for Dogecoin against Bitcoin. Not only is Dogecoin set to keep outperforming Dogecoin, the projected Dogecoin rallyis going to be more pronounced considering the Bitcoin price is also projected to keep climbing.


At the time of writing, Dogecoin is trading at $0.401, while Bitcoin is trading at $90,800. DOGE price at $0.4 | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz
Ciaran Lyons2 hours agoMemecoins are a ‘cornerstone’ of crypto — Galaxy’s NovogratzGalaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there,” but others in the cryp
Can Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In
Este artículo también está disponible en español. As 2024 nears its conclusion, Ethereum price fluctuations are being closely monitored. The trajectory of the cryptocurre
Bitcoin Bull Market Remains Intact Unless This Support Breaks – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Price Holds Above $68,000, But TD Sequential Sounds Sell Alarm
Este artículo también está disponible en español. The Bitcoin price has not quite been able to replicate its midweek form over the weekend, hovering around the $68,000 le
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG press release PRESS RELEASE.MetaGods, the world’s first play-to-earn 8-bit action role-playing game bu
Bridgewater CIO Warns of Deeper, Longer, and ‘Much More Painful’ Recession Than What We’re Accustomed To
Bridgewater CIO Warns of Deeper, Longer, and "Much More Painful" Recession Than What We"re Accustomed To Bridgewater Associates’ co-chief investment officer has warned about
Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review
Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review As July begins and markets remain bearish, there&#
Will the Harris-Walz presidential campaign prioritize crypto policy?
Turner Wright4 hours agoWill the Harris-Walz presidential campaign prioritize crypto policy?With the US election in November and polls showing Harris in a dead heat with Donald Trump in battleground states, Democratic vo
Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues
Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues BTC was trading higher on hump day, as bullish momentum picked up as the wee
Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March
Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March The total value locked (TVL) in decentralized finance (defi) during the first week of April
Price analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Rakesh Upadhyay6 hours agoPrice analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONBitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.3220 Total views26 Total sha
Bitcoin gains $1.2K in 1 hour as BTC price rebounds on Ether ETF launch
William Suberg8 hours agoBitcoin gains $1.2K in 1 hour as BTC price rebounds on Ether ETF launchBitcoin and Ether volatility continue as crypto traders react positively to Ether ETF trading volumes.6146 Total views9 Tota