Dogecoin Price Pumps, But Here\'s Why the Meme Coin King is Just Getting Started

There's no big meme coin mania without Dogecoin's pumps. Last week was very decent for DOGE holders, with the price surging 17%.

Dogecoin (CRYPTO: DOGE) price is up over 17% in the past week, continuing its strong rally in 2023.

What Happened: Dogecoin price is trading at $0.13 at the time of writing on Friday morning. DOGE price has ranged from a low of $0.11 and a high of $0.14 in the past seven days.

A technical analysis by altFINS on DOGE price indicates a bullish breakout from the Falling Wedge pattern, above the $0.126 key level and 200-day moving average.

This breakout could signal a trend reversal, presenting a potential 30% upside to $0.17, with a suggested stop loss at $0.114.

The Falling Wedge pattern usually results in a bullish breakout. As the price breaks the upper trend line, it is expected to pump higher.

While swing traders may trade emerging patterns between convergence lines, most traders should wait for a completed pattern with a breakout before placing a BUY order.

Momentum is currently bullish, with the MACD Line crossing above the MACD Signal Line.

The price is also not considered overbought or oversold based on RSI-14 levels (RSI > 30 and RSI

For support and resistance levels, the nearest support zone is at $0.10, followed by $0.075. The nearest resistance zone sits at $0.17.

According to altFINS’ analysis, the next crucial level to watch is $0.17, which would be a 30% pump from the current price.

See More: Best Cryptocurrency Scanners For Beginners

Dogecoin Price Prediction 2025, 2030, 2040

Many analysts and traders have varying price predictions for Dogecoin in the future. Some believe that DOGE price could hit $1 or even higher in the next bull run.

However, it is important to note that these predictions are based on technical analysis and speculation, and crypto prices are known to be volatile and unpredictable.

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