{"id":654708,"date":"2024-11-25T03:00:20","date_gmt":"2024-11-25T03:00:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654708"},"modified":"2024-11-24T12:59:34","modified_gmt":"2024-11-24T12:59:34","slug":"dogecoin-extends-rally-can-this-lead-to-a-breakout-above-0-82","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/dogecoin-2\/dogecoin-extends-rally-can-this-lead-to-a-breakout-above-0-82\/","title":{"rendered":"Dogecoin Extends Rally &#8211; Can This Lead To A Breakout Above $0.82?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week. However, the Dogecoin price kicked off a new 25% rally on Friday, November 22, to create a new 2024 high.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/top-analyst-claims-xrp-new-ath-is-just-around-the-corner-details\/\" target=\"_blank\" rel=\"noopener \">Top Analyst Claims XRP New ATH Is Just Around The Corner \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">Interestingly, this new rally saw the Dogecoin price break a bull flag to the upside. Such a rally has brought into focus the perspective of the Dogecoin price r<\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-next-big-run-is-imminent\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">eaching a new all-time high<\/span><\/a><span style=\"font-weight: 400\"> before the end of the year.<\/span><\/p>\n<h2><b>Dogecoin Price Rally Teases Breakout To $0.82<\/b><\/h2>\n<p><span style=\"font-weight: 400\">King of meme coins Dogecoin <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-doge-shows-energy-0-40\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">surged by about 25% <\/span><\/a><span style=\"font-weight: 400\">as the week drew to a close, reaching an intraday high of $0.4759 on Saturday. This rally is particularly noteworthy, as it suggests that the Dogecoin price has finally resumed another leg up after a brief consolidation since it hit $0.43 earlier on November 14.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Renowned crypto analyst Ali Martinez <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/49766702\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">highlighted <\/span><\/a><span style=\"font-weight: 400\">the significance of this rally in a post on X, drawing attention to Dogecoin&#8217;s decisive breakout above a bull flag pattern. According to Martinez, this technical breakout could set the stage for a much larger rally, with his projection targeting a bullish move toward $0.82. If achieved, this price level would represent an impressive increase of approximately 90% from the current Dogecoin price.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Dogecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOGE<\/a> is in the middle of a bullish breakout to $0.82! <a href=\"https:\/\/t.co\/KjLJQ7ZkNm\" rel=\"nofollow\">https:\/\/t.co\/KjLJQ7ZkNm<\/a> <a href=\"https:\/\/t.co\/Rib4XImoTT\" rel=\"nofollow\">pic.twitter.com\/Rib4XImoTT<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/49766702?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 23, 2024<\/a><\/p><\/blockquote>\n<h2><b>How Feasible Is The Dogecoin Rally To $0.82?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Before the Dogecoin price <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-fractal-points-ath\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">can rally to the $0.82 price<\/span><\/a><span style=\"font-weight: 400\"> level, it would first need to surpass its long-standing all-time high of $0.7316, a milestone that has remained unbroken for over three years. At the time of writing, Dogecoin is trading at $0.4287, reflecting a slight pullback from its recent intraday peak of $0.4759. <\/span><\/p>\n<figure style=\"width: 1634px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/NwvvQqBH\/\" width=\"1634\" height=\"883\"><figcaption class=\"wp-caption-text\">DOGEUSD is now trading at $0.40. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">This retreat shows that the consolidation phase is not yet complete, as resistance appears to have formed near the $0.43 level and has created a sell wall that must be overcome. <\/span><span style=\"font-weight: 400\">Breaking toward the all-time high would first require Dogecoin to achieve a decisive and sustained breach above the $0.43 threshold, which remains a critical level for regaining upward momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-whales-214-5-million\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">recent whale activity points<\/span><\/a><span style=\"font-weight: 400\"> to a potential upswing for the meme coin in in the coming week. On-chain data reveals that large holders, or &#8220;whales,&#8221; have been actively accumulating, purchasing over 550 million DOGE tokens worth an estimated $214.5 million. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/chainlink-rockets-20-whale-activity-sparks-break-from-bear-trend\/\" target=\"_blank\" rel=\"noopener \">Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend<\/a><\/div>\n<p><span style=\"font-weight: 400\">These whale addresses, which typically hold between 10 million and 100 million DOGE, are often seen as influential in shaping market trends. Their growing activity could signal confidence in the Dogecoin price and provide the necessary support for a significant break above $0.43 this week.<\/span><\/p>\n<p><em>Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week. However, the Dogecoin price kicked off a new 25% rally on Friday, November 22, to create a new 2024 high.\u00a0 Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner \u2013 Details Interestingly, this new rally saw the Dogecoin price break a bull flag to the upside. Such a rally has brought into focus the perspective of the Dogecoin price reaching a new all-time high before the end of the year. Dogecoin Price Rally Teases Breakout To $0.82 King of meme coins Dogecoin surged by about 25% as the week drew to a close, reaching an intraday high of $0.4759 on Saturday. This rally is particularly noteworthy, as it suggests that the Dogecoin price has finally resumed another leg up after a brief consolidation since it hit $0.43 earlier on November 14.\u00a0 Renowned crypto analyst Ali Martinez highlighted the significance of this rally in a post on X, drawing attention to Dogecoin&#8217;s decisive breakout above a bull flag pattern. According to Martinez, this technical breakout could set the stage for a much larger rally, with his projection targeting a bullish move toward $0.82. If achieved, this price level would represent an impressive increase of approximately 90% from the current Dogecoin price. #Dogecoin $DOGE is in the middle of a bullish breakout to $0.82! https:\/\/t.co\/KjLJQ7ZkNm pic.twitter.com\/Rib4XImoTT \u2014 Ali (@ali_charts) November 23, 2024 How Feasible Is The Dogecoin Rally To $0.82? Before the Dogecoin price can rally to the $0.82 price level, it would first need to surpass its long-standing all-time high of $0.7316, a milestone that has remained unbroken for over three years. At the time of writing, Dogecoin is trading at $0.4287, reflecting a slight pullback from its recent intraday peak of $0.4759. This retreat shows that the consolidation phase is not yet complete, as resistance appears to have formed near the $0.43 level and has created a sell wall that must be overcome. Breaking toward the all-time high would first require Dogecoin to achieve a decisive and sustained breach above the $0.43 threshold, which remains a critical level for regaining upward momentum. Interestingly, recent whale activity points to a potential upswing for the meme coin in in the coming week. On-chain data reveals that large holders, or &#8220;whales,&#8221; have been actively accumulating, purchasing over 550 million DOGE tokens worth an estimated $214.5 million. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend These whale addresses, which typically hold between 10 million and 100 million DOGE, are often seen as influential in shaping market trends. Their growing activity could signal confidence in the Dogecoin price and provide the necessary support for a significant break above $0.43 this week. Featured image from DALL-E, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":654712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86147],"tags":[142,6664,1785,7,83767],"class_list":["post-654708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin-2","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-meme-coins"],"acf":[],"yoast_head":"\n<title>Dogecoin Rally - Can This Lead To A Breakout Above $0.82?<\/title>\n<meta name=\"description\" content=\"Last week was another positive period for the Dogecoin price. 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