{"id":550515,"date":"2023-09-08T12:40:28","date_gmt":"2023-09-08T12:40:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=550515"},"modified":"2023-09-08T10:38:12","modified_gmt":"2023-09-08T10:38:12","slug":"dogecoin-poised-150-surge-key-price-levels-watch","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-poised-150-surge-key-price-levels-watch\/","title":{"rendered":"Dogecoin Poised for a 150% Surge? Key Price Levels to Watch"},"content":{"rendered":"<p>The price trajectory of Dogecoin has been significantly influenced by Elon Musk&#8217;s tweets about the meme coin in recent weeks and months. Notably, Dogecoin ascended past the $0.1589 mark in November 2022, following Musk&#8217;s <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-on-fire-rallies-after-elon-musk-twitter-deal-confirmation\/\" target=\"_blank\" rel=\"noopener \">acquisition<\/a> of Twitter. Since then, however, DOGE has been on a pronounced downtrend.<\/p>\n<p>The anticipation of Musk introducing Dogecoin as a payment method on Twitter remains palpable within the DOGE community. However, outside this sentiment is not shared, underscored by the stark decline in DOGE trading volume, suggesting a diminished presence of speculators and traders.<\/p>\n<p>If Musk does integrate DOGE on Twitter, the price reaction is likely to be swift. But what is a good entry price?<\/p>\n<h2>Monthly Chart DOGE\/USD<\/h2>\n<p>While many older altcoins are plumbing new lows, Dogecoin exhibits a more resilient sideways accumulation pattern on its monthly chart. This chart reveals that the $0.0480 mark is pivotal for Dogecoin. Should DOGE maintain its stance above this price, it could present a viable opportunity for long-term spot investors.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin-price-analysis-is-it-clawing-its-way-out-of-the-crab-market\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019?<\/a><\/div>\n<p>This price level is especially interesting as it coincides with the 100-week EMA at $0.04886. However, it&#8217;s imperative to acknowledge the inherent unpredictability associated with Dogecoin&#8217;s long-term trajectory, given its meme coin status.<\/p>\n<figure id=\"attachment_550528\" aria-describedby=\"caption-attachment-550528\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550528 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?resize=3628%2C1672\" alt=\"DOGE price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-17-00.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550528\" class=\"wp-caption-text\">DOGE price, 1-month chart | Source: DOGEUSD on TradingView.com<\/figcaption><\/figure>\n<h2>Weekly Chart Dogecoin<\/h2>\n<p>The 1-month chart delineates a clear downtrend. DOGE could fall towards the lower trendline at $0.0480 before another run towards the upper trendline at $0.075. Remarkably, the 30-month low of June 2022 is also located near the trend channel low at $0.0488.<\/p>\n<p>If DOGE bounces up from here, the price would have to face the 61.8% Fibonacci retracement at $0.0909. A retest of the breakout from the downtrend could occur here. If the bulls succeed, the 50% Fibonacci retracement level at $0.1093 and the 38.2% Fibonacci retracement at $0.1169 could come into focus. The final target is the November 2022 high at $0.1589 where huge selling pressure is to be expected. At current price, DOGE would need to gain over 150% to reach this level.<\/p>\n<figure id=\"attachment_550527\" aria-describedby=\"caption-attachment-550527\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550527 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?resize=3628%2C1672\" alt=\"Dogecoin price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-14-47.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550527\" class=\"wp-caption-text\">DOGE price poised for 150% surge?, 1-week chart | Source:<a href=\"https:\/\/www.tradingview.com\/x\/srUnrgkr\/\" target=\"_blank\" rel=\"noopener nofollow\"> DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Daily Chart DOGE\/USD<\/h2>\n<p>The 1-day chart underscores the persistent downtrend Dogecoin has been grappling with since December of the preceding year. This downtrend, demarcated by a descending trend channel, remains unbroken. Late in July, DOGE recoiled from the upper boundary of this channel, only to descend once more.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-slide-persists-elon-musk-bio-revelation\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Slide Persists Despite This Elon Musk Biography Revelation<\/a><\/div>\n<p>Alarmingly, pivotal support levels, inclusive of the 200-day EMA, have been compromised, hinting at a potential bearish trajectory. Current chart configurations suggest that DOGE might revisit its annual nadir at $0.05593 shortly. In a more bearish projection, a decline to the lower confines of the descending channel, oscillating between $0.05 and $0.048, is plausible.<\/p>\n<figure id=\"attachment_550537\" aria-describedby=\"caption-attachment-550537\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-550537 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?resize=3628%2C1672\" alt=\"Dogecoin price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/DOGEUSD_2023-09-08_12-28-05.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-550537\" class=\"wp-caption-text\">DOGE price, 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/nodFH4oS\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Conversely, if DOGE steers clear of registering a new annual low, especially if the broader market sentiment experiences an upswing (perhaps due to the <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/analyst-blackrock-bitcoin-spot-etf-may-unlock-trillion\/\" target=\"_blank\" rel=\"noopener \">approval<\/a> of a Bitcoin Spot ETF), the entry point for prospective investors might materialize sooner. For a substantial price resurgence, it&#8217;s imperative for DOGE to rebound from this potential new low with a robust buying volume, indicating renewed interest and liquidity for the meme coin.<\/p>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from TradigView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price trajectory of Dogecoin has been significantly influenced by Elon Musk&#8217;s tweets about the meme coin in recent weeks and months. Notably, Dogecoin ascended past the $0.1589 mark in November 2022, following Musk&#8217;s acquisition of Twitter. Since then, however, DOGE has been on a pronounced downtrend. The anticipation of Musk introducing Dogecoin as a payment method on Twitter remains palpable within the DOGE community. However, outside this sentiment is not shared, underscored by the stark decline in DOGE trading volume, suggesting a diminished presence of speculators and traders. If Musk does integrate DOGE on Twitter, the price reaction is likely to be swift. But what is a good entry price? Monthly Chart DOGE\/USD While many older altcoins are plumbing new lows, Dogecoin exhibits a more resilient sideways accumulation pattern on its monthly chart. This chart reveals that the $0.0480 mark is pivotal for Dogecoin. Should DOGE maintain its stance above this price, it could present a viable opportunity for long-term spot investors. Related Reading: Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019? This price level is especially interesting as it coincides with the 100-week EMA at $0.04886. However, it&#8217;s imperative to acknowledge the inherent unpredictability associated with Dogecoin&#8217;s long-term trajectory, given its meme coin status. Weekly Chart Dogecoin The 1-month chart delineates a clear downtrend. DOGE could fall towards the lower trendline at $0.0480 before another run towards the upper trendline at $0.075. Remarkably, the 30-month low of June 2022 is also located near the trend channel low at $0.0488. If DOGE bounces up from here, the price would have to face the 61.8% Fibonacci retracement at $0.0909. A retest of the breakout from the downtrend could occur here. If the bulls succeed, the 50% Fibonacci retracement level at $0.1093 and the 38.2% Fibonacci retracement at $0.1169 could come into focus. The final target is the November 2022 high at $0.1589 where huge selling pressure is to be expected. At current price, DOGE would need to gain over 150% to reach this level. Daily Chart DOGE\/USD The 1-day chart underscores the persistent downtrend Dogecoin has been grappling with since December of the preceding year. This downtrend, demarcated by a descending trend channel, remains unbroken. Late in July, DOGE recoiled from the upper boundary of this channel, only to descend once more. Related Reading: Dogecoin Price Slide Persists Despite This Elon Musk Biography Revelation Alarmingly, pivotal support levels, inclusive of the 200-day EMA, have been compromised, hinting at a potential bearish trajectory. Current chart configurations suggest that DOGE might revisit its annual nadir at $0.05593 shortly. In a more bearish projection, a decline to the lower confines of the descending channel, oscillating between $0.05 and $0.048, is plausible. Conversely, if DOGE steers clear of registering a new annual low, especially if the broader market sentiment experiences an upswing (perhaps due to the approval of a Bitcoin Spot ETF), the entry point for prospective investors might materialize sooner. For a substantial price resurgence, it&#8217;s imperative for DOGE to rebound from this potential new low with a robust buying volume, indicating renewed interest and liquidity for the meme coin. Featured image from iStock, chart from TradigView.com<\/p>\n","protected":false},"author":571,"featured_media":550518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,79599,8375,4257,88681],"class_list":["post-550515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogeusd","tag-elon-musk","tag-twitter","tag-x"],"acf":[],"yoast_head":"\n<title>Dogecoin Poised for a 150% Surge? Key Price Levels to Watch<\/title>\n<meta name=\"description\" content=\"If Musk integrates Dogecoin on Twitter, the price reaction is likely to be swift. 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