Before August comes to a close, DOGE is about to breach; September suggests a flamboyant rally at 50%. 

Elon Musk has reportedly been mum about Dogecoin for a number of months, implying that the partnership is over and it's time to move on.

With or Without Elon Musk, DOGE Price is Rising 

Whether Elon Musk is present or not, DOGE is progressing and can only rise. DOGE traders stepped on the gas and gave the cryptocurrency a powerful bullish stride, predicting the price will rise significantly. 

Because of the crisis in Ukraine, the massive inflation surge has been dooming the cryptocurrency market for several months. Positively, the price has blasted through its fourth consecutive week of increases and appears to know how to ride the wave.

For two weeks in a row, Dogecoin has been seen to be supported by the 55-day SMA that serves as its anchor. The discovery of throttles and pivots in August strongly suggests the presence of a breach. The price action is still being supported around $0.068, which suggests that the price may rise further and peak at $0.10, with returns of 50%. The RSI for DOGE indicates that it has not yet entered the overbought zone. 

The 55-day SMA indicates that there are some chances of a downtrend and that bears may attempt to push the price as low as $0.04, which would represent a 38% decline. The coin price could possibly crash to its lowest point at $0.007 if the bears manage to break through that barrier. 

Dogecoin Is About To Cross The $0.08 Mark 

One of the many cryptocurrencies that fell victim to the dangers of the crypto winter was Dogecoin. However, these cryptocurrencies managed to reverse course in June 2022 after hitting rock bottom, and they have since traded upward. DOGE is even attempting to double its numbers before the year is out. 

DOGE was able to return to the game after hitting rock bottom at $0.05. The persistent upward trend that DOGE is displaying is being accelerated by the impending merger with Ethereum.

Early this month, DOGE dropped out of the top 10 list of the largest cryptocurrencies, but it has since made a stunning comeback as prices have risen by as much as 8% in only the past 24 hours, with Polkadot being its closest rival. 

According to current market dynamics, DOGE could reach its high at $0.10, especially given the coin's ongoing upward trajectory. The $0.08 price zone is projected to be breached by DOGE, validating its ongoing upward trend. A possible correction to $0.07 may be on the horizon, but it will be brief, and DOGE will resume its ascent in search of $0.08 and beyond.

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