CryptoMediaClub
Tuesday, June 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Dogecoin Price Poised to Double – Will This Key Resistance Level Trigger a 100% Rally?

03.09.2024
A A
0
125
VIEWS
ShareShare

The Dogecoin price could be set to more than double in the coming weeks, as the DOGE price threatens a breakout above a key resistance level.

The Dogecoin (DOGE) price was last changing hands just under $0.10, just above multi-week lows that it hit earlier in the day.

Dogecoin has been stuck in a falling wedge pattern since its price topped out near $0.23 earlier this year.

TradingView user MyCryptoParadise_Simon shared an article where he predicted a major surge should this falling wedge structure break.

DOGE would probably need to close around $0.12 to confirm a breakout above this wedge and above its 50DMAs.

The first major bullish target would be a retest of May’s highs around $0.17.

That would mark a near 100% rally for the Dogecoin price. But a retest of yearly highs near $0.23 would become very likely should this level go.

Dogecoin Price Poised to Double

This Catalyst Could Drive New Meme Coin Season and Double the Dogecoin Price

Looking at chart patterns and predicting major breakouts is all well and good, but are there any upcoming real world catalysts to drive such a move?

Yes, absolutely. The US Federal Reserve is on the cusp of beginning a new rate cutting cycle for the first time since 2020.

Past rate cutting cycles have been associated with parabolic rallies in crypto prices.

Fed interest rate cuts follow two trajectories:
1) a response to deflationary shocks (a.k.a. crises)
2) a response to gradually easing inflation
We are in the latter scenario, which almost always results in a big risk-on rally. pic.twitter.com/zTVefTWkAs

— Jonah (@jvb_xyz) September 2, 2024

While a new meme season is unlikely to kick off the day that the Fed cuts interest rates for the first time, as liquidity begins to flow into broader financial markets, risks are tilted towards exaggerated risk taking.

It makes sense then for traders to position themselves for sudden and un-expected price pumps.

The Dogecoin price could finally reach the $1 level that its community has longed for in the coming years.

That would mark a 10x rally from current levels.

Catalysts such as the possibility that Elon Musk includes Dogecoin as a major part of a future X payments system could help the Dogecoin price along the way.

But for investors looking to bag 50-100x gains, they will need to get into new meme coins before they go mainstream.

One such new Base meme coin that has been turning a lot of heads is a fun new token called Base Dawgz (DAWGZ).

We're making moves in this period!
3.2 million raised for $DAWGZ 🪂 pic.twitter.com/tw6cIdhNOP

— Base Dawgz (@BaseDawgz) August 30, 2024

Base Dawgz comes packed with multi-chain bridge utility and is currently available in presale.

Eager investors have already piled over $3.2 million into the meme coin, which is currently offering a huge 712% staking yield.

Cryptonews.com’s in-house presale analyst Crypto Arjay explains in the below video why DAWGZ has 100x potential.

DAWGZ is set to launch on DEXs on the 4th of September at 5pm CET at a price of $0.008582.

Learn More Here

The post Dogecoin Price Poised to Double – Will This Key Resistance Level Trigger a 100% Rally? appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Whale Signal or Exit? XRP Price Prediction After 44M Tokens Leave Exchange
All news

Whale Signal or Exit? XRP Price Prediction After 44M Tokens Leave Exchange

03.06.2025
0

The XRP price has slipped by 8.2% to $2.14 amid a broader market cooldown following last month’s rally.Yet fresh signs...

Read moreDetails
CertiK Says $302M Lost to Web3 Scams, Hacks, and Exploits in May

CertiK Says $302M Lost to Web3 Scams, Hacks, and Exploits in May

02.06.2025
Strategy Doubles Down on Crypto with $75M Purchase of 705 Bitcoin

Strategy Doubles Down on Crypto with $75M Purchase of 705 Bitcoin

02.06.2025
CAR to Tokenize 1,700 Hectares of State Land

CAR to Tokenize 1,700 Hectares of State Land

02.06.2025
Czech Minister Steps Down, Opposition Calls for Govt to Resign Over $46M in BTC ‘Donated’ from Convicted Criminal

Czech Minister Steps Down, Opposition Calls for Govt to Resign Over $46M in BTC ‘Donated’ from Convicted Criminal

02.06.2025
Load More
Next Post
Another Argentinian Province Launches Probe into Worldcoin Operations

Another Argentinian Province Launches Probe into Worldcoin Operations

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Privacy Coin BEAM Defies Trends Soaring 4% While Crypto Market Is In a Standstill

Privacy Coin BEAM Defies Trends Soaring 4% While Crypto Market Is In a Standstill

9 months ago

Binance to Terminate Crypto Debit Cards for LatAm and Middle East Users Next Month

2 years ago
Shiba Inu Exhibits This New Rise as Shibarium Hype Intensifies

Shiba Inu Exhibits This New Rise as Shibarium Hype Intensifies

2 years ago
Bitcoin Price Hovers Below $26,000 Mark Amid Bear Dominance

Bitcoin Price Hovers Below $26,000 Mark Amid Bear Dominance

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Strategy Doubles Down on Crypto with $75M Purchase of 705 Bitcoin

Crypto Traders Make Urgent Shift to Short-Term Strategies Amid Market Uncertainty

CAR to Tokenize 1,700 Hectares of State Land

Czech Minister Steps Down, Opposition Calls for Govt to Resign Over $46M in BTC ‘Donated’ from Convicted Criminal

Crypto Market Shifts: Altcoin Season Index Plunges to 22, Confirming Bitcoin Season

Kazakhstan to Explore Blockchain Implementation in Stock Market

Trending

Whale Signal or Exit? XRP Price Prediction After 44M Tokens Leave Exchange
All news

Whale Signal or Exit? XRP Price Prediction After 44M Tokens Leave Exchange

03.06.2025
0

The XRP price has slipped by 8.2% to $2.14 amid a broader market cooldown following last month’s...

CertiK Says $302M Lost to Web3 Scams, Hacks, and Exploits in May

CertiK Says $302M Lost to Web3 Scams, Hacks, and Exploits in May

02.06.2025
Bitcoin Correction: Is This the Opportunity for a Stunning New All-Time High?

Bitcoin Correction: Is This the Opportunity for a Stunning New All-Time High?

02.06.2025
Strategy Doubles Down on Crypto with $75M Purchase of 705 Bitcoin

Strategy Doubles Down on Crypto with $75M Purchase of 705 Bitcoin

02.06.2025
Crypto Traders Make Urgent Shift to Short-Term Strategies Amid Market Uncertainty

Crypto Traders Make Urgent Shift to Short-Term Strategies Amid Market Uncertainty

02.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz