{"id":12598,"date":"2022-04-02T21:06:00","date_gmt":"2022-04-02T21:06:00","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12598"},"modified":"2022-04-02T21:06:00","modified_gmt":"2022-04-02T21:06:00","slug":"dogecoin-price-could-outperform-dogecoin-killer-shiba-inu-as-doge-targets-0-25","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12598","title":{"rendered":"Dogecoin price could outperform Dogecoin-killer Shiba Inu as DOGE targets $0.25"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Dogecoin price action continues to recover from ten-month lows.<\/strong><\/li>\n<li><strong>DOGE could outperform several major cryptocurrencies on a confirmed breakout.<\/strong><\/li>\n<li><strong>There are risks to the downside, but the threat is limited.<\/strong><\/li>\n<\/ul>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-signals-a-60-bull-rally-ahead-202204011013\" rel=\"noopener\">Dogecoin price<\/a> is nearing an important bullish breakout level that could trigger a massive upswing this weekend. It would be the strongest bullish signal in almost a year if confirmed.<\/p>\n<h2 class=\"fxs_headline_medium\">Dogecoin price set to return to the $0.25 value area<\/h2>\n<p>From an Ichimoku perspective, <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/how-dogecoin-price-entered-a-new-bull-run-with-significant-upside-potential-202203301416\" rel=\"noopener\">Dogecoin price<\/a> action is very close to confirming an Ideal Bullish Ichimoku Breakout. The only condition missing is a daily <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\/candlestick-patterns\" rel=\"noopener\">candlestick<\/a> close above the Ichimoku Cloud.<\/p>\n<p>On May 31, 2022, the price level that DOGE needed to close at to confirm an Ideal Bullish Ichimoku Breakout was $0.16 \u2013 but that threshold has now dropped. The threshold for Saturday is daily close at or above $0.146, and by Sunday, it drops even further to $0.14.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637844792969204513.png\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637844792969204513.png\" style=\"width: 3068;height: 1748\" \/><\/a><\/p>\n<p><small>DOGE\/USD Daily Ichimoku Kinko Hyo Chart<\/small><\/p>\n<p>The daily Ichimoku chart compliments a hypothetical long opportunity on the $0.01\/3-box reversal Point and Figure chart for Dogecoin price. The long idea is a buy stop order at $0.17, a stop loss at $0.13, and a profit target at $0.29.<\/p>\n<p>The entry at $0.17, if triggered, would confirm the breakout above a double-top and simultaneously establish a Bear Trap pattern in Point and Figure analysis. That the Bear Trap forms at the ultimate swing low of the current downtrend gives the bullish breakout a high probability of succeeding and sustaining for a long time.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637844793478416208.png\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637844793478416208.png\" style=\"width: 3068;height: 1748\" \/><\/a><small>DOGE\/USD $0.01\/3-box Reversal Point and Figure Chart<\/small><\/p>\n<p>The hypothetical long opportunity for <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-prediction-doge-on-track-to-025-202203292118\" rel=\"noopener\">Dogecoin price<\/a> represents a 3:1 reward for the risk. A three-box trailing stop would help protect any profit made post entry. Buyers should anticipate significant selling pressure against the critical psychological price level of $0.25 before moving towards the projected profit target of $0.29.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Dogecoin price takes another jab at $0.16 as DOGE attempts to break out\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/J3FRPDqwV2U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-could-outperform-dogecoin-killer-shiba-inu-as-doge-targets-025-202204021948\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price action continues to recover from ten-month lows. DOGE could outperform several major cryptocurrencies on a confirmed breakout. There are risks to the downside, but the threat is limited. Dogecoin price is nearing an important bullish breakout level that could trigger a massive upswing this weekend. It would be the strongest bullish signal in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[291,85,742,253,531,195,252,1142],"class_list":["post-12598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogecoinkiller","tag-inu","tag-outperform","tag-price","tag-shiba","tag-targets"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/dogecoin-200x200-637483778649728159_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12598"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12598\/revisions"}],"predecessor-version":[{"id":12599,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12598\/revisions\/12599"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/356"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12598"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}