{"id":399795,"date":"2024-06-16T10:30:11","date_gmt":"2024-06-16T05:00:11","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=399795"},"modified":"2024-06-16T09:56:09","modified_gmt":"2024-06-16T04:26:09","slug":"dogecoin-price-prediction-look-out-for-these-short-term-targets","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-price-prediction-look-out-for-these-short-term-targets\/","title":{"rendered":"Dogecoin price prediction &#8211; Look out for these short-term targets!"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Dogecoin\u2019s price dropped by over 7% over the past week<\/span><\/em><\/li>\n<li><em>Sings of a trend reversal can be clearly seen though<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> investors have been having a hard time lately, especially on the back of the memecoin&#8217;s multiple price corrections on the charts. It might get worse though, with some datasets suggesting that investors might have to wait longer to see DOGE rise again. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s have a closer look at what\u2019s going on.\u00a0<\/span><\/p>\n<h2>Dogecoin investors under pressure<\/h2>\n<p><span style=\"font-weight: 400;\">CoinMarketCap\u2019s <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that the world\u2019s largest memecoin\u2019s price dropped by more than 7% in the last seven days. In fact, in the last 24 hours alone, the memecoin\u2019s price dropped by over 4%. At the time of writing, DOGE was trading at $0.1363 with a market capitalization of over $19.7 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to the latest price decline, only 77% of DOGE investors now remain in profit, according to IntoTheBlock\u2019s <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, KNIGHT $INJ TO 100$, a popular crypto analyst, recently <\/span><a href=\"https:\/\/x.com\/cryptoknight890\/status\/1801429166749008248\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">revealed<\/span><\/a><span style=\"font-weight: 400;\"> that the memecoin\u2019s price is still in its accumulation phase. In doing so, the analyst hinted at a few more slow-moving weeks ahead. However, once the memecoin exits this phase, investors might witness a massive price surge on the charts. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If this analysis is to be believed, then a breakout above the accumulation zone might allow Dogecoin to touch $1 too.\u00a0<\/span><\/p>\n<h2>Volatility might increase sooner<\/h2>\n<p><span style=\"font-weight: 400;\">Though the aforementioned assessment suggested a few slow-moving days, AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that the bulls might soon take over. For instance, DOGE\u2019s funding rate has declined substantially in the last few days. Generally, prices tend to move the other way than the funding rate, hinting at a bull rally. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On top of that, DOGE\u2019s open interest also dropped along with its price. A decline in this metric is a sign that the ongoing price trend might end soon. The memecoin\u2019s MVRV ratio also registered a slight improvement on 15 June, indicating a possible trend reversal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from these, Dogecoin\u2019s weighted sentiment graph also moved up &#8211; A sign of bullish sentiments outweighing bearish ones across the market.\u00a0<\/span><\/p>\n<figure id=\"attachment_399797\" aria-describedby=\"caption-attachment-399797\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-399797 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024.png\" alt=\"Dogecoin's funding rate dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-16.06.51-15-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399797\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Like the aforementioned metrics, a few of the market indicators also looked pretty optimistic. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, both DOGE\u2019s Chaikin Money Flow (CMF) and Relative Strength Index (RSI) registered upticks, hinting at a price hike soon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the Money Flow Index (MFI) remained bearish as it headed south on the charts.\u00a0<\/span><\/p>\n<figure id=\"attachment_399799\" aria-describedby=\"caption-attachment-399799\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10.png\"><img decoding=\"async\" class=\"wp-image-399799 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10.png\" alt=\"\" width=\"2560\" height=\"1375\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-15_16-08-10-1200x645.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399799\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check the <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Finally, AMBCrypto\u2019s analysis of Hyblock Capital\u2019s data revealed that if DOGE turns bullish, then its price might first touch $0.147 as liquidations would rise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> A successful breakout above that level would allow DOGE to hit $0.15. Nonetheless, if the bearish trend continues, DOGE might drop to its support level near $0.131. <\/span><\/p>\n<figure id=\"attachment_399800\" aria-describedby=\"caption-attachment-399800\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-399800 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM.png\" alt=\"\" width=\"2560\" height=\"1179\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-300x138.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-1024x471.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-768x354.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-1536x707.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-2048x943.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-15-at-4.11.21\u202fPM-1200x553.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-399800\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin\u2019s price is still in the accumulation zone, but patience might be key. <\/p>\n","protected":false},"author":75,"featured_media":399808,"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":[6427,6428],"class_list":["post-399795","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","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin price prediction - Look out for these short-term targets! 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