Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next 📈
Dogecoin entered an extended accumulation range after hitting a new yearly peak in May 2024. Since then, the price has fluctuated widely, presumably giving investors time to enter back into the meme coin at lower prices. However, with the market on a decline and expectations for a recovery on the horizon, Dogecoin investors seem to be done with their buying. This signals that the drawn-out accumulation trend could be at an end, something that could be bullish for the meme coin’s price.
Crypto analyst, VIAQUANT, on the TradingView website, has suggested that the Dogecoin accumulation trend is finally at its end. The crypto analyst points to an important indicator, namely the Moving Average, and their positioning being the evidence that this is the case.
According to VIAQUANT, the Dogecoin price has defended multiple moving averages on important timeframes. This development shows not only strength, but an end to the accumulation phase. The important moving averages here are the 21 Moving Average, the 100 Moving Average, and the 200-Day Moving Average.
The analysis points out that on the 3-day chart, the Dogecoin price has held the 200 Moving Average. Next is the 100 Moving Average on the weekly chart, even after a rapid decline over the last week. Last but not least is the 21 Moving Average, which continues to hold tightly on the monthly chart. Given these developments, the crypto analyst believes that these moving averages being held show that the Dogecoin accumulation phase has ended. Not only that, they posit that this also means that the meme coin could be gearing up for another price recovery from here.
Presently, Dogecoin prices are still struggling against the headwinds of the bearish crypto market. But if VIAQUANT’s analysis is correct, then this could only be short-lived from here. Given how much the coin has fallen in the last few months, a bounce from here could be phenomenal.
The crypto analyst points to a similar accumulation trend that took place at the start of 2024. Following that, the DOGE price had bounced more than 100%. Taking that scenario and using it in the current situation, the analyst pegs the Dogecoin price for another 100% surge. This would mean that the price would cross $0.2. Interestingly, the crypto analyst does not expect this move to take long. The chart shows that the move above $0.2 would be completed sometime in November, meaning a 3-month timeframe for the analysis to play out.
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Dogecoin alert: Here’s why a DOGE rally could be just around the corner!
Dogecoin (DOGE) Price Targets $0.1930 With Golden Crossover
Dogecoin (DOGE) Price Eyes 90 Cents Despite Short-Term Correction
Is Dogecoin (DOGE) Ready for Its Next Big Move? Analysts Think So
Dogecoin Set to Surge This Month
Top Trader Predicts Dogecoin Price To Reach $0.37 in Two Weeks
Dogecoin Price To $0.5 Ahead? Whale Sacks 87M DOGE Sparking Optimism
Dogecoin Price Forecast: Analyst Explains Why Selling DOGE Early is a Big Mistake
Dogecoin Fair Price at $2+ Will These Altcoins Steal the Spotlight with Larger Gains?
Dogecoin (DOGE) Price Soars with Whale Activity: Will It Hit $0.37 by October?
Dogecoin’s latest bullish flag pattern can push DOGE’s price to…
Dogecoin mirrors a key 2020 pattern, and that means DOGE will now…
Dogecoin Price Forecast: $1.00 Is Possible, But This Rival Could Hit the Mark Sooner
Dogecoin targets $0.20: Perfect time to buy DOGE’s dip?
Dogecoin poised for 50% rally? Key levels to watch out for
Dogecoin Price Targets $0.1835, Breaks Social Activity Records
Dogecoin Price Eyes $0.2 Rally As Analyst Identifies ‘Bottom Formation’
Dogecoin update: Why $0.42 is key for DOGE’s next target
Dogecoin Price Prediction: What’s Next After 150% Surge?
Dogecoin Price Prediction: Dogecoin Pumps 15% and Pepe Unchained Could Explode Next
Will Dogecoin finally break THIS level after BTC’s surge to $71K?
Top Expert Hints Dogecoin Price Could Hit $15
Is a +200% rally on the cards for Dogecoin? This trader thinks so …
Will Dogecoin (DOGE) Hit $0.22? Insights from Market Sentiment
Countdown to Riches: Will Dogecoin Price Repeat History in 43 Days?
Is Dogecoin Price Heading To $1 in this Crypto Bull Market?
Will DOGE Price Soar Over $10 As Famous Pattern Re-Emerges
Dogecoin Price Prediction: Top Crypto Expert Backs DOGE to $2.8, Pepe Unchained Could Also Explode
Dogecoin Price Holds Key Support, Analyst Eye $0.162 Rally
Short Term 800x Rally for the Dogecoin Price if this Happens, but this DOGE Killer will Rise 8000x in the Long Run
Here’s What Needs to Happen for Dogecoin Price to hit $3: Analyst Explains
Will Dogecoin Price Soar To $1.8 After Clearing A 3-Year Resistance?
Dogecoin Price Prediction: What’s Next After 147% Surge?
Dogecoin To Rally 500%? Predictions and Potential Breakout Ahead
Can Dogecoin reach $1? THESE factors could be key!
Will Dogecoin (DOGE) Continue Its Rise? Two Experienced Analysts Evaluated and Announced Their Price Predictions!
Will Dogecoin Price Soar Over $10 As Famous Pattern Re-Emerges
Dogecoin’s surge in retail FOMO: Can a dip fuel DOGE past $1?
Dogecoin (DOGE) Price Technical Analysis: Bullish Pattern Forms as Price Surpasses $0.40
Dogecoin: Examining if THIS key level can help DOGE hit $0.56
Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3?
Analyst Reveals Why Dogecoin Price Can Rally To $2 And Flip Solana, BNB
Rare Indicator Hints $1 Dogecoin Price Is Inevitable In November?
Dogecoin Price Analysis: Bull Run Targets $0.50 This November?
Can Dogecoin Price Reach ATH If It Mirrors Its 2021 Rally?
Dogecoin mirrors Bitcoin: This high correlation means DOGE will now…
Is Dogecoin’s price tracing its pattern from 2017 and 2020 again?
Rekt Capital Predicts Dogecoin Price Momentum
Dogecoin (DOGE) Market Analysis: Bulls Target $0.50 After November’s 161% Gain
Dogecoin (DOGE) Set to Hit New ATH? Key Indicators for the Dogecoin Bull Run, Will Elon Musk Factors Be Considered?
Dogecoin Heading Towards the Next Target at $0.6-A New ATH at $1 Is Loading for the DOGE Price Rally
This Dogecoin Price Pattern Will Push DOGE Closer to $1
Dogecoin’s surge hits snag: What’s next for DOGE?
Crypto Analyst Explains Why Dogecoin Price Will Hit $1
Dogecoin Price Prediction: Bullish Rally Hints A Retest At $0.5?
Dogecoin rally ahead? Assessing if DOGE can jump 90% to $0.82
Bitcoin vs. Dogecoin: Is DOGE poised to defeat BTC with a 2400% rally?
DOGE Price Eyes Triangle Breakout: Can It Surpass $0.50?
Dogecoin to $10? Analyst projects 23x rally based on historical trends
Dogecoin Price Breakout Could Start Second Phase of Bull Run
Dogecoin (DOGE) Price: Shows Strength at $0.42 Level Following Market Recovery
Dogecoin (DOGE) Price: Consolidates Near $0.44 as Trading Volume Rises
Analyst Reveals What Next For Dogecoin Price As DOGE Turns 11
Dogecoin (DOGE) Breakout Alert! Bulls Eye 30% Rally
Dogecoin Price Eyes $1 Boom, Mirroring Iconic 2021 Bull Run
Dogecoin rides Bitcoin’s rally to set a short-term target – Details
Dogecoin’s bullish breakout: Is $0.66 DOGE’s next stop?
Top Analyst Ignores Dogecoin Price Crash: Sees DOGE Hitting $18
Here’s Why Dogecoin Price Is Ready For Next Leg To $1
Dogecoin Shows Signs of Historical Trend Repetition: What Investors Should Consider
Could Dogecoin (DOGE) Be Setting the Stage for a Potential Bull Run After Recent Price Rebound?
Dogecoin Indicates Potential Ascendancy Towards $0.66 Amid Increased Trading Activity and Bullish Sentiment
Large Dogecoin Transactions Spark Possibilities for Price Surge Amid Analyst’s Bullish Pattern Insights
Could Dogecoin (DOGE) Be Poised for a Bullish Turn Amid Rising Social Activity and Market Sentiment?
Could Dogecoin (DOGE) Possibly Reach $0.37 by Month-End Amid Growing Retail Interest?
Could Dogecoin’s Recent Bullish Reversal Signal a Potential Rally Above $0.10?
Exploring Potential Upside: Could Dogecoin (DOGE) Be Setting the Stage for a Significant Rally?
Could Dogecoin (DOGE) Be On the Brink of a 200% Surge? Insights on Recent Breakout Patterns
Could Dogecoin (DOGE) Approach $10? Expert Insights and Potential Price Levels Ahead
Potential Signs of a Dogecoin (DOGE) Bull Run as Uptober Approaches
Dogecoin Poised for Breakout Amid Whale Accumulation and RSI Surge: Eyes on $0.11 Resistance
Could Dogecoin (DOGE) Be Poised for a Comeback This Uptober Amid Market Volatility?
Dogecoin’s Bullish Momentum Suggests Potential Climb Toward $1 Amid Targeted Consolidation Against Bitcoin
Could Dogecoin (DOGE) Be Poised to Approach the $1 Mark Amidst a Bullish Market?
Dogecoin Price Surge Possibilities: Analysts Suggest Over 1,000% Increase Amid Market Activity and ETP Launch
Dogecoin’s Potential Path to $0.50: Analyzing Trends and Indicators for a Possible Uptrend
Dogecoin’s Breakout Above $0.32 Suggests Potential for Further Upside Momentum in the Crypto Market
Dogecoin Price Poised for $0.15 Surge Amid Network Growth and Bitcoin Correlation