{"id":372643,"date":"2024-02-28T00:00:34","date_gmt":"2024-02-27T18:30:34","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=372643"},"modified":"2024-02-27T15:29:10","modified_gmt":"2024-02-27T09:59:10","slug":"why-dogecoin-might-reach-an-ath-in-q2-2024","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-dogecoin-might-reach-an-ath-in-q2-2024\/","title":{"rendered":"Why Dogecoin might reach an ATH in Q2 2024"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">DOGE was up by more than 5% in the last 24 hours.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Dogecoin was mimicking its last bully cycle\u2019s performance, and several metrics also looked bullish.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As <\/span><a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin\u2019s [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> price turned bullish, several other cryptos also followed a similar trend, and <\/span><a href=\"http:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> was one of them. While the meme coin\u2019s price surged, it replicated a pattern that it had earlier showcased during the last bull rally, hinting at a further uptrend.\u00a0<\/span><\/p>\n<h4><b>Dogecoin is getting off the leash<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">AMBCrypto <\/span><a href=\"http:\/\/ambcrypto.com\/doge-gearing-up-for-a-rally-answering-the-how-when-and-why\/\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> a few days ago that Dogecoin\u2019s price was in a consolidation zone, meaning that it was moving sideways. Such episodes are often followed by days of high volatility. That turned out to be true on this occasion, as the meme coin\u2019s value surged. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, DOGE was up by more than 5.5% in the last 24 hours alone. At the time of writing, DOGE was trading at $0.0908 with a market capitalization of over $13 billion, making it the 10th largest crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, if the latest data is to be considered, DOGE\u2019s price might witness a further bull rally as it was mimicking its last bull cycle\u2019s actions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ali, a popular pseudonymous crypto analyst, posted a <\/span><a href=\"https:\/\/twitter.com\/ali_charts\/status\/1762004965349113863?t=G6MDca1XnCUzIuLnk5r0Tg&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> on 26th February mentioning that DOGE\u2019s price appeared to mirror patterns observed in its past bull markets. If the trend continues, then investors might witness a parabolic breakout of DOGE in April.\u00a0<\/span><\/p>\n<p><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx.jpg\"><img decoding=\"async\" class=\"aligncenter wp-image-372698 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx.jpg\" alt=\"\" width=\"2254\" height=\"1518\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx.jpg 2254w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx-300x202.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx-1024x690.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx-768x517.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx-1536x1034.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/GHPmKaKXUAA_Srx-2048x1379.jpg 2048w\" sizes=\"(max-width: 2254px) 100vw, 2254px\" \/><\/a><\/p>\n<h4><b>What investors should expect<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Since this was a somewhat long-term analysis, AMBCrypto checked DOGE\u2019s current state to understand whether there is anything in store in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Our analysis of Santiment\u2019s data revealed that DOGE\u2019s social volume remained high, thanks to its bullish price action. This also positively affected market sentiment, as Dogecoin\u2019s weighted sentiment graph went up in the recent past.\u00a0<\/span><\/p>\n<figure id=\"attachment_372645\" aria-describedby=\"caption-attachment-372645\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024.png\"><img decoding=\"async\" class=\"wp-image-372645 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.22.18-27-Feb-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-372645\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">To understand whether the on-going bull rally would last, we then had a look at DOGE\u2019s daily chart. The analysis revealed that DOGE\u2019s MACD displayed a bullish crossover. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, its Relative Strength Index (RSI) also registered an uptick, indicating that the chances of a continued northward price movement were high. The meme coin faces strong resistance near $0.097, and a breakout above that level might help DOGE reach new highs in the coming weeks.\u00a0<\/span><\/p>\n<figure id=\"attachment_372646\" aria-describedby=\"caption-attachment-372646\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59.png\"><img decoding=\"async\" class=\"wp-image-372646 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59.png\" alt=\"\" width=\"2560\" height=\"1432\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/DOGEUSDT_2024-02-27_12-25-59-2048x1146.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-372646\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 DOGEs worth today<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Apart from these aforementioned metrics and indicators, the meme coin\u2019s network activity also remained on par. A look at Santiment\u2019s data pointed out that DOGE\u2019s daily active addresses remained high throughout the last week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Moreover, its transaction count was also high, which is generally a positive signal for a crypto.\u00a0<\/span><\/p>\n<figure id=\"attachment_372647\" aria-describedby=\"caption-attachment-372647\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024.png\"><img decoding=\"async\" class=\"wp-image-372647 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/02\/Dogecoin-DOGE-12.27.14-27-Feb-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-372647\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin\u2019s price exited from a consolidation phase, hinting at a bull rally that might help it reach a new ATH\u00a0<\/p>\n","protected":false},"author":75,"featured_media":372649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,4,20],"tags":[],"class_list":["post-372643","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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