The post Dogecoin Price Prediction: DOGE Price Breakout Ahead? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) has caught the attention of investors once again, thanks to a recent 12% spike after the Fed lowered interest rates. Now holding steady above $0.10, the big question is: could we be seeing the early signs of a bigger price jump? In this Dogecoin Price Prediction article, we’ll look at what’s behind Dogecoin’s recent moves, break down the market trends, and explore whether a potential breakout could be in the works for this popular cryptocurrency. How has the Dogecoin Price Moved Recently? DOGE/USD Daily Chart- TradingView  Dogecoin is currently priced at $0.109036, with a 24-hour trading volume of $53.01 billion and a market cap of $15.93 billion, giving it a market dominance of 0.71%. Over the past 24 hours, DOGE has seen a price increase of 1.09%. Dogecoin hit its all-time high on May 8, 2021, when it was valued at $0.738595. Its all-time low occurred on May 7, 2015, when it dropped to $0.00008547. Since its peak, the lowest price DOGE reached was $0.049701 (cycle low), and the highest was $0.227362 (cycle high). Currently, the sentiment around Dogecoin’s price prediction is neutral, with the Fear & Greed Index reading 59 (Greed). Dogecoin’s circulating supply stands at 146.09 billion DOGE, with a yearly inflation rate of 3.50%, which means 4.94 billion new DOGE were created in the past year. Is Dogecoin (DOGE) Price set for a Strong Rally? Image Source: IntoTheBlock Dogecoin (DOGE) appears to be on the verge of a potential rally, driven by a bullish accumulation trend observed among miners and large investors. This pattern has helped reduce sell-side pressure, allowing DOGE to outperform the broader market.  Notably, the increasing activity among whales, or large Dogecoin holders, suggests growing confidence in the asset. Historically, such accumulation at key support levels, like the $0.10 mark, has often…

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Filed under: News - @ September 25, 2024 8:22 am