{"id":42933,"date":"2023-01-31T18:55:45","date_gmt":"2023-01-31T18:55:45","guid":{"rendered":"https:\/\/egrowonline.com\/?p=42933"},"modified":"2023-01-31T18:55:45","modified_gmt":"2023-01-31T18:55:45","slug":"dogecoin-gearing-to-bounce-back-can-doge-succeed","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=42933","title":{"rendered":"Dogecoin Gearing To Bounce Back \u2013 Can Doge Succeed?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">A popular crypto trader, Bluntz, <a target=\"_blank\" href=\"https:\/\/twitter.com\/SmartContracter\/status\/1620263345080385536\" rel=\"noopener nofollow\">forecasted<\/a> a significant price rally for Dogecoin against Bitcoin today<\/span><span style=\"font-weight: 400\">. Bluntz tweeted to his followers that the DOGE\/BTC trading pair is \u201cgearing for a revenge pump for probably 100% or more.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on his chart analysis, Bluntz identified that Doge had formed a bullish pattern that may surprise the crypto community. Bluntz seems convinced that Doge will continue to surge its price, thus cautioning that investors would be careless for missing out on this potential opportunity.\u00a0<\/span><\/p>\n<figure id=\"attachment_518180\" aria-describedby=\"caption-attachment-518180\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-518180 size-large\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-860x453.jpeg\" alt=\"Dogecoin DOGE DOGEUSDT\" width=\"860\" height=\"453\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-860x453.jpeg 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-460x242.jpeg 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-768x404.jpeg 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-1536x809.jpeg 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-750x395.jpeg 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1-1140x600.jpeg 1140w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/01\/Dogecoin-DOGE-DOGEUSDT-1.jpeg 1711w\" \/><figcaption id=\"caption-attachment-518180\" class=\"wp-caption-text\">DOGE poised for further profits against Bitcoin? Source: Bluntz via Twitter<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Bluntz\u2019s sentiment appears to be backed by other crypto market analysts who are also confident that Doge is destined for massive growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bluntz also disclosed that the Dogecoin\/USD trading pair has finally broken out of a consolidation channel, indicating that Doge is \u201cloading and set to <a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/dogecoin\/dogecoin-whales-move-large-bearish-doge\/\" rel=\"noopener\">lead the altcoin season<\/a>.\u201d He said it is just a matter before the meme crypto witnesses a huge price uptick.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Does Dogecoin Have More Potential Than Bitcoin?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">For investors seeking to invest in cryptocurrencies, <a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/breaking-news-ticker\/dogecoin-surges-6-after-elon-musk-unveils-crypto-payment-master-plan\/\" rel=\"noopener\">Dogecoin<\/a> is one of the major altcoins that can prove to be a better investment choice.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dogecoin is currently the ninth-largest cryptocurrency. However, Dogecoin seems a good option for investors willing to take on a little risk.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Doge\u2019s price appears relatively much less volatile than BTC\u2019s price. As a result, its<\/span> <span style=\"font-weight: 400\">price\u2019s relative stability<\/span><span style=\"font-weight: 400\"> makes many investors consider it a more suitable currency for daily transactions than BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite some of the selling points that Dogecoin has over Bitcoin, BTC still has significant advantages over the Shiba Inu-themed crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTC\u2019s value is significantly higher than Doge\u2019s. Bitcoin\u2019s all-time high is over $69,000, while Dogecoin is around $0.70. The price difference shows why millions of people invest in Bitcoin because they deem it a reliable long-term value store.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the public eye, high-net-worth investors are less confident in investing huge amounts of funds in Dogecoin. Instead, institutional investors prefer Bitcoin as their investment choice. In that sense, Doge is likely to lag behind <a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-correction-22k-2\/\" rel=\"noopener\">Bitcoin<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Doge Price Analysis<\/span><\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, Dogecoin is trading its price at $0.09, up 7.39%, with a trading volume of $1.3 million in the last 24 hours, as per<\/span><a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">Coinmarketcap<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So far, the Dogecoin trading chart shows ranging vector candles to the upside,<a target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/dogecoin-price-prediction-doge-0-10\/\" rel=\"noopener\"> indicating that the crypto asset is currently bullish<\/a>. Furthermore, the movement seems to be targeting a closer higher high, which could result in a further price surge. The buyers appear to be taking control and pushing the price above.\u00a0\u00a0<\/span><\/p>\n<figure style=\"width: 1575px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/f1VFKC5T\/\" alt=\"DOGE price chart on TradingView\" width=\"1575\" height=\"880\" \/><figcaption class=\"wp-caption-text\">DOGE price is moving sideways on the 4-hour chart. Source: DOGE\/USDT on <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/1ig5lzU2\/?symbol=FX%3AGBPUSD\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">If Doge maintains its bullish trend, then in the next few days, it will likely soar toward the resistance level of $0.1507. But if the coin sees a price correction, it will retreat to $0.07.<\/span><\/p>\n<p>Featured image from Unsplash, Chart from TradingView.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMibWh0dHBzOi8vd3d3Lm5ld3NidGMuY29tL2RvZ2Vjb2luLTIvZG9nZWNvaW4tZ2VhcmluZy10by1ib3VuY2UtYmFjay1hZ2FpbnN0LWJpdGNvaW4tZG9lcy1kb2dlLWhhdmUtdGhlLWVuZXJneS_SAXFodHRwczovL3d3dy5uZXdzYnRjLmNvbS9kb2dlY29pbi0yL2RvZ2Vjb2luLWdlYXJpbmctdG8tYm91bmNlLWJhY2stYWdhaW5zdC1iaXRjb2luLWRvZXMtZG9nZS1oYXZlLXRoZS1lbmVyZ3kvYW1wLw?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto trader, Bluntz, forecasted a significant price rally for Dogecoin against Bitcoin today. Bluntz tweeted to his followers that the DOGE\/BTC trading pair is \u201cgearing for a revenge pump for probably 100% or more.\u201d Based on his chart analysis, Bluntz identified that Doge had formed a bullish pattern that may surprise the crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32643,"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":[210,291,85,296,3625],"class_list":["post-42933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bounce","tag-doge","tag-dogecoin","tag-gearing","tag-succeed"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/Dogecoin-1.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42933","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=42933"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42933\/revisions"}],"predecessor-version":[{"id":42934,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42933\/revisions\/42934"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/32643"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42933"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}