{"id":432473,"date":"2024-10-13T09:30:19","date_gmt":"2024-10-13T04:00:19","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=432473"},"modified":"2024-10-12T16:14:17","modified_gmt":"2024-10-12T10:44:17","slug":"dogecoin-price-prediction-doges-short-term-price-targets-will-include","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-price-prediction-doges-short-term-price-targets-will-include\/","title":{"rendered":"Dogecoin price prediction &#8211; DOGE&#8217;s short-term price targets will include&#8230;"},"content":{"rendered":"<ul>\n<li><em>DOGE surged by 3.05% on the charts over the last 24 hours<\/em><\/li>\n<li><em>At the time of writing, the memecoin was stuck in a consolidation range between $0.1 and $0.13<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a>, the world&#8217;s largest memecoin by market cap, has appreciated by a significant margin over the past month. In fact, at the time of writing, DOGE was trading at $0.011, up 3.05% in the last 24 hours, with the memecoin gaining on the weekly and monthly charts too.<\/p>\n<p>And yet, despite the sustained hike in Dogecoin&#8217;s value, the memecoin remains almost 85% below its 2021 ATH of $0.73. At press time, it was also 51.32% below its yearly high of $0.228.<\/p>\n<p>Even so, many in Dogecoin&#8217;s community remain optimistic, especially in light of the crypto&#8217;s recent bullish action. Current market conditions have also left analysts betting on a potential memecoin-driven bull market.<\/p>\n<p>One of these analysts is <a href=\"https:\/\/x.com\/Kev_Capital_TA\/status\/1844725417569145294\">Kevin Capital<\/a> who suggested that DOGE is currently at the perfect buying opportunity, before it surges for real.<\/p>\n<h2>What does market sentiment say?<\/h2>\n<p>In his analysis, Kevin observed that Dogecoin is still attempting to create a successful bullish retest of a macro falling wedge. This, after completing its typical bull market 60% correction.<\/p>\n<figure id=\"attachment_432482\" aria-describedby=\"caption-attachment-432482\" style=\"width: 1596px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex.jpg\"><img decoding=\"async\" class=\"wp-image-432482 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex.jpg\" alt=\"\" width=\"1596\" height=\"925\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex.jpg 1596w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex-300x174.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex-1024x593.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex-768x445.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex-1536x890.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogex-1200x695.jpg 1200w\" sizes=\"(max-width: 1596px) 100vw, 1596px\" \/><\/a><figcaption id=\"caption-attachment-432482\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p>As such, a successful retest of this level will see DOGE hike to a local high, one surpassing the $0.13 resistance level.<\/p>\n<p>Historically, the last time Dogecoin broke from this channel, it went to climb to its ATH in 2021. In fact, even 2024&#8217;s breakout saw DOGE surge to a yearly high.<\/p>\n<p>Therefore, based on this analogy, a successful retest and breakout will push the memecoin&#8217;s price to a new high. At least on a yearly basis.<\/p>\n<h2>What does DOGE&#8217;s price chart say?<\/h2>\n<p>While the aforementioned observation is a positive one, it&#8217;s essential to determine what market fundamentals say.<\/p>\n<figure id=\"attachment_432477\" aria-describedby=\"caption-attachment-432477\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong.jpeg\"><img decoding=\"async\" class=\"wp-image-432477 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong.jpeg\" alt=\"\" width=\"1600\" height=\"494\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong.jpeg 1600w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong-300x93.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong-1024x316.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong-768x237.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong-1536x474.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogelong-1200x371.jpeg 1200w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/a><figcaption id=\"caption-attachment-432477\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>For example, Dogecoin&#8217;s long\/short ratio, a metric that examines the taker buy and sell volume, remained above 1 on the 4-hour charts.<\/p>\n<p>At press time, the long\/short ratio was 1.07. This suggested that long-position buyers have been dominant, with many investors anticipating the price to climb.<\/p>\n<figure id=\"attachment_432479\" aria-describedby=\"caption-attachment-432479\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot.png\"><img decoding=\"async\" class=\"wp-image-432479 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot.png\" alt=\"\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogespot-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-432479\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Additionally, Dogecoin&#8217;s Spot Netflow has remained negative over the past 2 weeks. This meant that investors are withdrawing their DOGE tokens from exchanges to private wallets.<\/p>\n<p>A sustained stay at this level will result in a supply squeeze, one which results in high demand with less supply &#8211; Driving prices up.<\/p>\n<figure id=\"attachment_432476\" aria-describedby=\"caption-attachment-432476\" style=\"width: 927px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions.jpeg\"><img decoding=\"async\" class=\"wp-image-432476 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions.jpeg\" alt=\"\" width=\"927\" height=\"557\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions.jpeg 927w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions-300x180.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions-768x461.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions-590x354.jpeg 590w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/dogeoptions-400x240.jpeg 400w\" sizes=\"(max-width: 927px) 100vw, 927px\" \/><\/a><figcaption id=\"caption-attachment-432476\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Finally, DOGE&#8217;s Options volume surged by 118.21% to $120.64 million. Such a surge usually entails that many traders are entering the market &#8211; A sign of rising market activity.<\/p>\n<p>Thus, an uptick in call Options volume implies that many investors are bullish and expect the price to rise even further.<\/p>\n<h2>Can Dogecoin finally rally?<\/h2>\n<p>According to AMBCrypto&#8217;s analysis, <a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\">DOGE<\/a> has faced multiple rejections at the $0.130 resistance level. Since the memecoin is experiencing positive market sentiment now, it may be well positioned for more gains on price charts.<\/p>\n<p>Right now, its price is stuck in the consolidation range between $0.1 and $0.13. A break above $0.13 will see DOGE hit a 3-month-high of $0.14. A breakdown will see the memecoin dip below $0.1.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is currently stuck in a consolidation range between $0.1 and $0.13. Can DOGE finally rally?<\/p>\n","protected":false},"author":94,"featured_media":432454,"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-432473","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 - DOGE&#039;s short-term price targets include...<\/title>\n<meta name=\"description\" content=\"Dogecoin [DOGE], the world&#039;s largest memecoin by market cap, has appreciated by a significant margin over the past month...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/dogecoin-price-prediction-doges-short-term-price-targets-will-include\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin price prediction - DOGE&#039;s short-term price targets will include... - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Dogecoin is currently stuck in a consolidation range between $0.1 and $0.13. 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