{"id":653258,"date":"2024-11-15T22:30:40","date_gmt":"2024-11-15T22:30:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653258"},"modified":"2024-11-15T11:05:01","modified_gmt":"2024-11-15T11:05:01","slug":"dogecoin-price-hitting-1-analyst","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-hitting-1-analyst\/","title":{"rendered":"Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst"},"content":{"rendered":"

A crypto analyst, identified as \u2018Trading Jesus\u2019 on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin\u2019s resistance and support levels, the analyst has underscored the major hindrance to the meme coin<\/span> hitting the $1 milestone<\/span><\/a>.\u00a0<\/span><\/p>\n

Dogecoin Price Roadmap To The $1 Target<\/h2>\n

In his<\/span> X post<\/span><\/a>, Trading Jesus shared a<\/span> Dogecoin chart<\/span><\/a> on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36, the crypto analyst has indicated that the<\/span> next resistance level<\/span><\/a> for Dogecoin is $0.44.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE\/BTC Pair Records Major Breakout<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

This crucial level could trigger<\/span> major selling pressures<\/span><\/a> for the meme coin as investors start liquidating their holdings. However, if Dogecoin can successfully break above the $0.44 level, the meme coin could<\/span> enter a bullish phase<\/span><\/a>, with its next price high at around $0.56.\u00a0<\/span><\/p>\n

Trading Jesus has highlighted the $0.56 price increase as a<\/span> profit-taking level<\/span><\/a> at which traders and investors could begin selling their Dogecoin for potential gains. The analyst has also pinpointed a higher resistance level at $0.73336 if Dogecoin can maintain its bullish momentum above that level.\u00a0<\/span><\/p>\n

At the $0.73336 resistance level, Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone. His chart revealed<\/span> Dogecoin\u2019s next bullish target<\/span><\/a> to be $0.996 if its price continues increasing.\u00a0<\/span><\/p>\n

On the flip side, Trading Jesus has also shown the<\/span> support levels for Dogecoin<\/span><\/a> if it fails to break past key resistance levels. The first support at $0.34 represents a crucial level where buyers might step in if the price of Dogecoin drops. This support level ultimately acts as a barrier to prevent more price drops.<\/span><\/p>\n

If<\/span> Dogecoin declines<\/span><\/a> below the $0.34 support level, the cryptocurrency could experience further downward pressure, leading to a drop towards the $0.25 mark. If<\/span> more pullbacks occur<\/span><\/a>, Trading Jesus has revealed that the Dogecoin price could bottom to new lows around the $0.18 level.\u00a0<\/span><\/p>\n

Analyst Remains Bullish Despite DOGE’s 8% Price Decline<\/h2>\n

While analysts foresee the<\/span> Dogecoin price hitting $1<\/span><\/a>, others have predicted even higher all-time highs for the popular meme coin. A crypto analyst known as the \u2018Cantonese Cat\u2019 on X has<\/span> unveiled<\/span><\/a> a weekly DOGE price chart projecting a potential leap to $4.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It\u2019s Not All Bad News<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

In the chart, the analyst indicated that Dogecoin is on its way to hitting the $0.42 price level at the 0.786 Fibonacci level. Breaking past this level could trigger a surge towards the 1.618 Fib, representing a<\/span> price increase above $4.0<\/span><\/a>.<\/span><\/p>\n

The Cantonese cat has revealed that investors and traders likely have three to four weeks to accumulate at Dogecoin\u2019s current price of $0.36 before it shoots up to $4.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price looking at reversal | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst, identified as \u2018Trading Jesus\u2019 on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin\u2019s resistance and support levels, the analyst has underscored the major hindrance to the meme coin hitting the $1 milestone.\u00a0 Dogecoin Price Roadmap To The $1 Target In his X post, Trading Jesus shared a Dogecoin chart on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36, the crypto analyst has indicated that the next resistance level for Dogecoin is $0.44.\u00a0 Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE\/BTC Pair Records Major Breakout This crucial level could trigger major selling pressures for the meme coin as investors start liquidating their holdings. However, if Dogecoin can successfully break above the $0.44 level, the meme coin could enter a bullish phase, with its next price high at around $0.56.\u00a0 Trading Jesus has highlighted the $0.56 price increase as a profit-taking level at which traders and investors could begin selling their Dogecoin for potential gains. The analyst has also pinpointed a higher resistance level at $0.73336 if Dogecoin can maintain its bullish momentum above that level.\u00a0 At the $0.73336 resistance level, Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone. His chart revealed Dogecoin\u2019s next bullish target to be $0.996 if its price continues increasing.\u00a0 On the flip side, Trading Jesus has also shown the support levels for Dogecoin if it fails to break past key resistance levels. The first support at $0.34 represents a crucial level where buyers might step in if the price of Dogecoin drops. This support level ultimately acts as a barrier to prevent more price drops. If Dogecoin declines below the $0.34 support level, the cryptocurrency could experience further downward pressure, leading to a drop towards the $0.25 mark. If more pullbacks occur, Trading Jesus has revealed that the Dogecoin price could bottom to new lows around the $0.18 level.\u00a0 Analyst Remains Bullish Despite DOGE’s 8% Price Decline While analysts foresee the Dogecoin price hitting $1, others have predicted even higher all-time highs for the popular meme coin. A crypto analyst known as the \u2018Cantonese Cat\u2019 on X has unveiled a weekly DOGE price chart projecting a potential leap to $4.\u00a0 Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It\u2019s Not All Bad News In the chart, the analyst indicated that Dogecoin is on its way to hitting the $0.42 price level at the 0.786 Fibonacci level. Breaking past this level could trigger a surge towards the 1.618 Fib, representing a price increase above $4.0. The Cantonese cat has revealed that investors and traders likely have three to four weeks to accumulate at Dogecoin\u2019s current price of $0.36 before it shoots up to $4.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631782,"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":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-653258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nMajor Hindrances To Dogecoin Price Hitting $1 According 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-hitting-1-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-hitting-1-analyst\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Dogecoin_d04a7a.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Dogecoin_d04a7a.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-11-15T22:30:40Z","datePublished":"2024-11-15T22:30:40Z","dateModified":"2024-11-15T22:30:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-price-hitting-1-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-price-hitting-1-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Dogecoin_d04a7a.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Dogecoin_d04a7a.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-11-15T22:30:40Z\",\"datePublished\":\"2024-11-15T22:30:40Z\",\"dateModified\":\"2024-11-15T22:30:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Dogecoin_d04a7a.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=653258"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653258\/revisions"}],"predecessor-version":[{"id":653303,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653258\/revisions\/653303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/631782"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=653258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=653258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=653258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}