---
title: "Can DOGE Breach $0.1 Barrier Amid Meme Coin Surge?"
url: https://diffcoin.com/can-doge-breach-0-1-barrier-amid-meme-coin-surge/
description: "Dogecoin (DOGE) is riding the bullish wave once again, experiencing a substantial rally with double-digit gains. Notably, selected tokens such as Pepe Coin"
published: 2023-10-27
updated: 2023-10-27
author: "Mila"
site: "Diffcoin"
---

# Can DOGE Breach $0.1 Barrier Amid Meme Coin Surge?

Dogecoin (DOGE) is riding the bullish wave once again, experiencing a substantial rally with double-digit gains. Notably, selected tokens such as Pepe Coin and Floki Inu have also joined the meme coin rally, surging by double digits within a week.

Market analysts and enthusiasts are attributing this surge to the ongoing excitement surrounding exchange-traded funds (ETFs), and the price momentum shows no signs of slowing down.

Kaiko, a prominent figure in the crypto market, was quick to [draw attention](https://twitter.com/KaikoData/status/1717481881728397660) to the impressive price hikes in the meme coin sector. Pepe Coin and Floki Inu, along with Dogecoin, have been leading this charge. The excitement surrounding these meme coins has created a positive atmosphere in the crypto sphere.

> [$AVAX](https://twitter.com/search?q=%24AVAX&src=ctag&ref_src=twsrc%5Etfw) and [$DOGE](https://twitter.com/search?q=%24DOGE&src=ctag&ref_src=twsrc%5Etfw) are up 10% while [$AAVE](https://twitter.com/search?q=%24AAVE&src=ctag&ref_src=twsrc%5Etfw) is down.25% over the past 24 hours.
> 
> Most markets continue to surge amid the ETF hype.
> 
> Source: [pic.twitter.com/8Wta3fws49](https://t.co/8Wta3fws49)
> 
> — Kaiko (@KaikoData) [October 26, 2023](https://twitter.com/KaikoData/status/1717481881728397660?ref_src=twsrc%5Etfw)

Kaiko pointed out that “most markets continue to surge amid the ETF hype,” indicating that the broader cryptocurrency market is also benefiting from this newfound optimism.

## **Dogecoin’s Role In The ETF Frenzy**

The cryptocurrency market has been buzzing with anticipation of a spot Bitcoin exchange-traded fund (ETF) for quite some time. This excitement has had a direct impact on Bitcoin’s prices, and it has spilled over into the altcoin sector, benefitting Dogecoin among others.

Traditionally, a surge in Dogecoin prices has signaled a local high for Bitcoin and other major tokens. As a result, traders are keenly monitoring the Bitcoin price as Dogecoin maintains its upward momentum.

```
DOGE market cap currently at $9.947 billion on the daily chart: TradingView.com
```

### **Caution Amid Overbought Conditions**

While the Dogecoin rally is capturing the attention of traders and investors, caution is warranted. The Relative Strength Index (RSI) on the four-hour chart is currently holding at 80, indicating that the market is in an overbought condition. This suggests that a correction may be on the horizon.

Traders are advised to keep a close eye on the RSI, and any signs of it retreating to the neutral area below 70 should be taken as a signal to close positions while remaining vigilant for potential buying opportunities during future price dips.

At the time of writing, the current price of Dogecoin, according to CoinGecko, stands at $0.070810, with a marginal 24-hour dip of 0.7%. However, the cryptocurrency has boasted an impressive seven-day rally of 18.9%, showcasing the resilience and enduring appeal of the meme-based digital asset in the face of ongoing market fluctuations.

In the midst of the meme coin surge, the question of whether Dogecoin (DOGE) can break through the $0.1 barrier looms large. As investors and enthusiasts closely monitor its price movements, the cryptocurrency market continues to be a hub of excitement and speculation.

*Featured image from Shutterstock*

[Source link](https://bitcoinist.com/dogecoin-price-forecast-can-doge-breach-0-1/)