Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025

First Look: Inside United’s Newest Denver Club

July 29, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»Dogecoin price prediction – Assessing if a surge to $0.50 is possible now
Crypto

Dogecoin price prediction – Assessing if a surge to $0.50 is possible now

December 14, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

“`html

  • Dogecoin’s selling pressure was weak and the $0.35 demand zone might not be breached soon
  • The consolidation around $0.35-$0.45 could give DOGE bulls strength to drive the next rally in the coming weeks

Dogecoin [DOGE] formed a double bottom pattern on the price chart, one that promised a strong rally was brewing. However, the technical indicators and the liquidation levels showed that a short-term range formation was possible.

Which way will the leading memecoin run in?

Dogecoin defends local demand zone

DOGE 1-day Price Chart

Source: DOGE/USDT on TradingView

A set of Fibonacci retracement and extension levels were plotted based on the rally made in November. The $0.143-level, the high from July, was used as it had been flipped to support. Below the local demand zone at $0.36-$0.38, the $0.272 and $0.215 levels were highlighted as key supports.

As things stand, it may be unlikely that DOGE would fall to these levels anytime soon. The RSI fell to 53 to reflect muted bullish momentum on the daily timeframe. And yet, it stayed above neutral 50 to show that buyers still had the upper hand.

The OBV was above the local highs that DOGE formed on its way up in November. If the OBV falls below the marked levels, a bearish bias can be adopted. At the time of writing, the evidence pointed towards relatively weak selling pressure.

Liquidation heatmap showed momentum is likely to remain neutral

Dogecoin Liquidation Levels

Source: Coinglass

The 3-month look-back period revealed a cluster of liquidation levels at $0.485 and $0.355. The latter coincided with the local demand zone and could be revisited in the coming days or weeks.

Further south, a band of liquidity was building up at $0.34. These liquidity pools can attract prices south.

Dogecoin Liquidation Levels

Source: Coinglass

Zooming in on the liquidation heatmap, we can see that the $0.395 and $0.425 levels have noticeably high liquidity. Given the lack of momentum on the daily chart and the stalemate between buyers and sellers, it is possible that Dogecoin forms a short-term range.


Realistic or not, here’s DOGE’s market cap in BTC’s terms


A move beyond $0.43 in the coming days would be an early clue that the $0.5-level would be retested soon. Meanwhile, a fall below $0.395 and $0.355 could set DOGE up for a deep, prolonged correction.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Next: Solana: If SOL breaks $230, THIS price target will fall next

“` sentence: Please make sure to complete the task before the deadline.

Assessing Dogecoin prediction price Surge
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025

Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Sell in May and go away? 3 reasons why that’s a risky strategy

May 28, 20250 Views

How to retire early: 7 steps to chase your dream

September 28, 20240 Views

Iranian hacker group aims at US election websites and media before vote, Microsoft says By Reuters

November 7, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Crypto

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 20250
Personal Finance

First Look: Inside United’s Newest Denver Club

July 29, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.