{"id":1213,"date":"2024-11-11T09:00:26","date_gmt":"2024-11-11T09:00:26","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/this-crypto-trader-correctly-called-dogecoin-price-break-above-0-3-back-in-october-the-true-target-will-shock-you\/"},"modified":"2024-11-11T09:00:26","modified_gmt":"2024-11-11T09:00:26","slug":"this-crypto-trader-correctly-called-dogecoin-price-break-above-0-3-back-in-october-the-true-target-will-shock-you","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/this-crypto-trader-correctly-called-dogecoin-price-break-above-0-3-back-in-october-the-true-target-will-shock-you\/","title":{"rendered":"This Crypto Trader Correctly Called Dogecoin Price Break Above $0.3 Back In October, The True Target Will Shock You"},"content":{"rendered":"

Crypto trader Melika correctly predicted that the Dogecoin<\/a> price would rally to $0.3 back in October. Interestingly, this was only the trader\u2019s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term.\u00a0<\/p>\n

Dogecoin Price To Rise To $3.80 In The Long Term<\/h2>\n

In the TradingView post<\/a>, Melika predicted that the Dogecoin price could rise to $3.80 in the long term. The crypto trader gave these price targets back in October based on a cup-and-handle pattern<\/a> forming on Dogecoin\u2019s chart. This is a bullish continuation pattern in which the price rallies after a consolidation phase.\u00a0<\/p>\n

\"DOGE<\/p>\n

Back in October, Melika stated that if the handle pattern completes and breaks upward, the Dogecoin price could reach $0.38 and $0.52 as immediate targets. He added that a breakout above the pattern\u2019s neckline could lead to a long-term price target in the $3.80 area<\/a>, which aligns with higher resistance levels, which he highlighted on the chart.\u00a0<\/p>\n

In a recent update on the October post, Melika confirmed that the trade is still active and that the Dogecoin price is heading toward the target. As such, Dogecoin will likely rally to $0.52 soon enough and then $3.80 in the long term.\u00a0<\/p>\n

\"DOGE<\/p>\n

Crypto analyst Dima James<\/a> also recently highlighted a cup-and-handle pattern that was forming for DOGE, as he predicted that the Dogecoin price could reach $10. The analyst noted that the meme coin has formed this bullish pattern in every market cycle. Dogecoin rallied over 3,300% in 2016 and 12,000% in 2021 after this cup-and-handle pattern formed.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

DOGE Completes First Weekly Golden Cross In Four Years<\/h2>\n

Self-acclaimed DOGE lead analyst on X Kevin Capital<\/a> revealed that Dogecoin has completed the textbook weekly Golden Cross for the first time in four years, with the 50 SMA crossing the 200. The analyst noted that this signals that the Dogecoin price will likely rise soon enough.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

He further revealed that in 2020, when the Golden Cross<\/a> happened, the Dogecoin price dipped for a couple of weeks before surging to new all-time highs. As such, he warned market participants to be slightly cautious in the short term since Dogecoin could again experience a correction, just like in 2020. However, he added that if the Bitcoin price decides to maintain its upward trend, then DOGE will also do so.\u00a0<\/p>\n

Meanwhile, in another X post, Kevin Capital opined that a Dogecoin price rally to $3.90 in this market cycle looks unlikely. He added that a rise to $1.80 is also a stretch but can definitely happen depending on Bitcoin\u2019s performance in this bull run<\/a>.\u00a0<\/p>\n

At the time of writing, the Dogecoin price is trading at around $0.28, up over 25% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto trader Melika correctly predicted that the Dogecoin price would rally to $0.3 back in October. Interestingly, this was only the trader\u2019s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term.\u00a0 Dogecoin Price To Rise To $3.80 In The Long Term In the…<\/p>\n","protected":false},"author":1,"featured_media":1214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[24,14,25,26,17,136,137,138,135,139,140,141,142],"class_list":["post-1213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-cryptocurrency-market-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/1213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=1213"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/1213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/1214"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=1213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=1213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=1213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}