Dogecoin (DOGE) Teases Golden Chance for 60% Price Jump

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE), the king of meme coins, has shown the potential to register a 60% price jump. The meme coin’s Bollinger Bands suggest that the DOGE price could soar to $0.15 if broader cryptocurrency market conditions align with the metric. Market data reveals that although the price is currently down, Dogecoin could climb from the $0.9 zone to as high as $0.15. As per the Bollinger Bands, the lower bands are hovering between $0.8683 and $0.9313. The upper band lies at $0.1356, which signals that the meme coin has the potential for higher price levels. Notably, if Dogecoin can shed a zero and reclaim the $0.10 level, as signaled by the Bollinger Bands, the meme coin could attempt a higher breakout. With Dogecoin already in oversold conditions and bearish momentum weakening, the meme coin could post a reversal and push higher. As of this writing, Dogecoin is changing hands at $0.09347, representing a 4.69% decline in the last 24 hours. The meme coin had previously hit an intraday peak of $0.09844 as it raised anticipation that it could maintain momentum to reclaim $0.10. However, a broader market sell-off and Bitcoin’s decline exerted pressure on altcoins, including Dogecoin. If this risk sentiment fades on the broader crypto market and Bitcoin regains its bullish climb, it could rub off on Dogecoin. This is because the meme coin is coupled to the leading digital crypto asset. On the positive side, Dogecoin’s technical structure shows the Relative S...