Can Dogecoin Really Reach $10?

Image Credit: The Mobile Indian Feb 24, 2024 By: Bhumi Shrivastava

Asymmetrical Triangle Formation

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RSI Signals

[{"selector":"#anim-861a9073-e974-42cb-a7bf-6e379409f628","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f7e5daf-cd34-4c65-93d1-3f847d2428ce","keyframes":{"transform":["translate3d(0px, 80.00877%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f13630bb-5310-43a2-b995-39bf0fbb9745","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3702e93c-4d08-4c8e-818f-887fc633ae22","keyframes":{"transform":["translate3d(0px, 191.52784%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab93df61-dedb-474d-9611-6768ca3a4b49","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5192ce9-96ed-415b-a03f-d97315035335","keyframes":{"transform":["translate3d(0px, 562.41816%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25f2dc5b-d6d1-4cdc-8a0b-be4543a8ee2e","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3768d215-3cba-4e5a-a154-41459985e141","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Relative Strength Index (RSI) hints at a decline in bullish dominance, with a drop below 50.00 possibly leading to a decrease in DOGE's price to $0.080. Image Credit: Synthesia

Fibonacci Retracement Levels

[{"selector":"#anim-5dfd4c87-5422-4810-97c8-12ec7026888e","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fdda293e-3bd2-446d-9055-cb85082554cc","keyframes":{"transform":["translate3d(0px, 77.72907%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-020720f8-eb73-484d-bf89-07411a66de93","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-229d5d02-384b-4236-baaa-1ad313e88439","keyframes":{"transform":["translate3d(0px, 225.37034%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81737d04-257b-4aba-90b6-5d57a574868d","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb1c1e6c-b94e-4fc9-a91e-1ef704b67776","keyframes":{"transform":["translate3d(0px, 500.65344%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f058f94-5434-44b6-a1bc-c3536d82740f","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c16ec0f3-956e-49f7-98b1-db494f2201b8","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If bears push the price down, DOGE could dip to $0.0823 before potentially rebounding and starting an uptrend towards $0.133. Image Credit: Elegant Themes

Bearish Scenario

[{"selector":"#anim-d058278c-b8f9-4500-8f32-bdd30daae00b","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8490913-0ce2-4efc-943a-8a1e8e372def","keyframes":{"transform":["translate3d(0px, 87.13991%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-476bc658-8016-4579-94a7-ba0b6c5e395c","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d562b3ab-6b35-4ce3-ad01-29434390a8c3","keyframes":{"transform":["translate3d(0px, 235.37030%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c8267e1-e6ee-4e6c-94fa-3925cda8be52","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b41b275-29ff-4f89-accd-1ffc0b00e3f3","keyframes":{"transform":["translate3d(0px, 512.41816%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cc96423-ab0a-4b4a-a64f-da14e163ed34","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d1b064e-f23e-4ba4-b0fa-50a04407de38","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A drop below $0.080 could signal bearish dominance, with DOGE potentially descending towards $0.071. Image Credit: Medium

Analyst's Bullish Thesis

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Supertrend Indicator

[{"selector":"#anim-89f01847-2107-47c8-8dc0-1607a2f7bdd8","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ee262fe-10f5-4a40-892a-5068f16ae45f","keyframes":{"transform":["translate3d(0px, 78.01827%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c73ba3f-c73a-4192-a026-9b4d0c0fd82e","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a957b17c-70f5-4038-9710-d336e6bc07fa","keyframes":{"transform":["translate3d(0px, 230.37037%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00bdecbf-a860-487c-b8f7-45b3851cf6c6","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32de7842-58bc-4b91-a5de-6d8941a5dc14","keyframes":{"transform":["translate3d(0px, 503.59458%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd8e06db-a1a5-420e-8738-39cc540cdae0","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32def298-e00c-4448-ba5f-6712657ac654","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Supertrend indicator on the 4-hour chart shows mixed signals, with a sell signal at $0.089 and a buy signal at $0.083. Image Credit: LinkedIn

Money Flow Index

[{"selector":"#anim-bc0d7b21-612c-4268-b79c-41658ecbb6bc","keyframes":{"opacity":[0,1]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b48860a-b915-4a83-897e-fd0f8d6a0783","keyframes":{"transform":["translate3d(0px, 78.93040%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b61e8fcb-bd8c-41a2-98ff-c269b5e8bdb9","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeeb6c7f-bea7-45b8-8a49-c5a8e95edf10","keyframes":{"transform":["translate3d(0px, 189.02787%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14efb4d6-e61d-476e-8002-c2e207089fa1","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bacf9e6a-fc72-4b4b-8f00-0909c7e6973a","keyframes":{"transform":["translate3d(0px, 558.24870%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05396f12-0195-48af-96f0-39924e87f552","keyframes":{"opacity":[0,1]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-003031dd-e9ce-4527-a81f-32ca566798fd","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":2,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The MFI indicates a surge in capital inflow, suggesting increasing buying pressure and the potential for a significant rally if DOGE br eaks above $0.090. Image Credit: Dogecoin

[{"selector":"#anim-4288be4c-3176-43bd-ad0a-223e2baf7977","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b0ae236e-9c37-4f18-8e1a-31e04350f2eb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Next: A Guide to Investing in NVIDIA Stocks See More