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Tesla/SpaceX centilionaire Elon Musk has once again sparked renewed optimism around the OG meme coin with his recent tweet, which indirectly referenced DOGE. What Was Musks New Tweet? Elon Musk may suggest establishing himself as the head of a new government institution if former Republican Presidential nominee Donald Trump retakes the White House in the […]
Dogecoin has had its ups and downs in the past seven days: from breaking down below a support at $0.095, to bouncing back up and hitting notable resistance at $0.099. Following this brief rally, Dogecoin experienced another downward shift as the bulls were unable to maintain the momentum. It dropped once again, breaking through several [...]
The post Dogecoin Price Prediction: Extended Consolidation Or A Break Below/Above? appeared first on Crypto Breaking News.
The post Elon Musks Latest Tweet Rescues Dogecoin from Price Crash, Heres How appeared first on Coinpedia Fintech News
On September 7, 2024, Tesla founder Elon Musk saved the price of Dogecoin (DOGE) from crashing amid bearish market sentiment. Due to the significant sell-offs by whales and institutions, the overall cryptocurrency experienced a notable price decline. Elon Musk Saves Dogecoin from CRASHING Amid this selling pressure, DOGE breached its crucial support level of $0.094 …
Dogecoin (DOGE), mm-bsd cryptocurrncy known for its nthusistic community, is crting buzz mong invstors nd trdrs. A rcnt nlysis by th stmd crypto nlyst Mstr Knobi indicts tht DOGE my b on th brink of notbl pric incrs drivn by blnd of tchnicl signls nd pst trnds. Knobis ssssmnt rlis on th […]
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
Dogecoin (DOGE) finds itself in a challenging position as bearish forces continue to dominate the market. Currently trading below a key descending trendline, DOGE faces mounting pressure that could push the price toward the critical $0.09149 support level. With the bearish trendline acting as a formidable resistance, any failure to hold this support could signal further downside movement. This article aims to provide a comprehensive analysis of Dogecoin’s current negative outlook, highlighting its position under the trendline resistance and the potential implications of a breach below the $0.09149 support level. By examining key technical indicators and market sentiment, the article seeks to offer insights into whether DOGE will continue its downward trajectory or find a reversal. With a market capitalization exceeding $14 billion and a trading volume surpassing $471 million, Dogecoin was trading at approximately $0.9683, reflecting a 1% increase at the time of writing. In the past 24 hours, its market cap has risen by 1.01%, while trading volume has declined by 3.71%. Price Action Analysis: Assessing The Downward Pressure On Dogecoin On the 4-hour chart, Dogecoin, trading below the 100-day Simple Moving Average (SMA), is exhibiting consistent bearish momentum. The cryptocurrency is currently consolidating just above the $0.09149 mark. Related Reading: Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy? This consolidation near a critical support level suggests that despite brief attempts to recover, selling pressure remains dominant. If DOGE fails to maintain its position above $0.09149, it could trigger an extended decline, potentially pushing the price lower as bears continue to exert control. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) is positioned at 45%, failing to rise above the 50% mark. This failure to gain traction above the midpoint reflects persistent pessimistic momentum, suggesting that downward pressure may continue, as the RSIs position below 50% reinforces the likelihood of further bearish activity in the market. On the daily chart, Dogecoin is still demonstrating notable bearish movement below the 100-day SMA and the trendline. The cryptocurrency is currently approaching the support level at $0.09149, indicating ongoing downward pressure and the potential for more declines if this support fails to hold. Finally, the RSI signal line on the 1-day chart has fallen to 41%, slipping below the 50% threshold, reflecting a shift in momentum that could lead to additional downward movement in DOGE’s price. Potential Scenarios: What Could Happen If DOGE Breaks $0.09149? If Dogecoin breaches the $0.09149 support level, several scenarios could unfold. A successful break below this key support might intensify the downbeat trend, potentially driving DOGE toward the $0.07456 support range. Should this level be breached, the price could further decrease to test the $0.0559 support mark, and possibly explore even lower support zones. Related Reading: Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump? Conversely, if Dogecoin holds above $0.09149 and reverses its decline, it could indicate a bullish turnaround, which might set the stage for a rally toward the trendline resistance. A successful break above this trendline could trigger a significant uptrend, possibly pushing DOGE toward $0.1293 and beyond. Featured image from Unsplash, chart from Tradingview.com
Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent. TD Indicator Flashes Buy Signal For Dogecoin Martinez revealed in an X (formerly Twitter) post that [...]
The post Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy? appeared first on Crypto Breaking News.
Th cryptocurrncy mrkt hs xprincd shrp downturn ovr th pst six months, with mjor plyrs lik Bitcoin (BTC) nd Ethrum (ETH) sing notbl pric dclins. Similrly, Dogecoin (DOGE), th lding mm coin, hs not scpd this trnd, suffring significnt drop in vlu. In Mrch 2024, DOGE pkd t $0.22, but it hs sinc […]
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
After a long stretch of muted price movement, the original meme coin Dogecoin (DOGE) has finally entered a position where it could prepare for a parabolic upsurge. Based on a classic bullish reversal setup, the DOGE price looks well-positioned to gain an impressive 50%. DOGEs Technicals Flip Bullish A pseudonymous technical analyst who goes by […]
Binance Pool now supports merged mining for Litecoin (LTC), offering rewards in LTC, Dogecoin (DOGE), and Bellscoin (BEL). (Read More)
Binance Pool launches Bellscoin (BEL) merged mining, allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL. (Read More)
While a Bitcoin payment option for Teslas merchandise seems far-fetched in the near future, the Elon Musk-owned electric car company could soon reintroduce DOGE payments.
The cryptocurrency sphere is alive with significant updates. Dogecoin’s latest price forecast indicates a likely 91% surge, and Near Protocol’s collaboration with Nillion aims to boost privacy and AI innovations. Amid these developments, BlockDAG is capturing the spotlight with its $1 million giveaway. So far, the BlockDAG presale has accumulated
Solana has the highest number of daily active addresses among the top ten cryptocurrencies in the industry.
Dogecoin (DOGE) whales are back, grabbing the spotlight in the crypto sphere with a recent 1.4 billion DOGE buying spree.
Veteran commodity trader Peter Brandt recently drew attention to Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, suggesting a potential bullish breakout. Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181. DOGE peaked at $0.2100 in March before entering its descending pattern. Now, signs indicate that DOGE might be breaking free from this downward trend. Brandt emphasized that the longer-term chart for DOGE could be considered “constructive,” supporting his analysis with the encouraging message, Get along little doggie. So far, DOGE has been riding the positive wave seen in the broader crypto market. The asset’s price climbed 8.2% in the past 24 hours, trading at around $0.1235. While this upward trend aligns with the market’s general bullish sentiment, Brandts technical analysis suggests that DOGEs breakout could signal the beginning of a more sustained upward movement. Other Bullish Indicators for DOGE’s Momentum Peter Brandt’s observation is not the only bullish sentiment surrounding Dogecoin. Another prominent crypto analyst, Ali, recently noted that DOGE appears to be showing strength. In an X post uploaded on September 26, Ali pointed out that DOGE has experienced a Relative Strength Index (RSI) and price breakout from multi-month downtrends. Furthermore, the asset has received a buy signal from the SuperTrend indicator. These developments indicate that momentum is potentially shifting toward the meme-based cryptocurrency. Before DOGEs surge above $0.12 today, Ali had set specific conditions for a full-fledged bullish rally for the asset. These conditions included breaking the descending trendline of RSI on the daily chart and pushing past a resistance level of $0.11. #Dogecoin is gearing up for a bullish breakout! Watch for two key signals: First, RSI breaking the descending trendline on the daily chart. And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F Ali (@ali_charts) September 19, 2024 With DOGE successfully achieving both conditions, the analyst’s sentiment has grown increasingly positive about the possibility of an extended rally. Related Reading: Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear? DOGE’s ability to break key technical levels provides a favorable outlook for further price appreciation, indicating that the current rally might not be just a short-term burst. Featured image created with DALL-E, Chart from TradingView
Analysts predict a possible surge of up to 1,150%, as bullish trends gain strength. Could DOGE be gearing up for a major breakout?
Dogecoin is trading above $0.12 after a 20% pump over the past two days, reigniting investor enthusiasm. The meme coin had been struggling to break past the $0.11 mark, leaving investors frustrated as other cryptocurrencies surged. The recent breakout has lifted sentiment, with Dogecoin now eyeing higher targets. Analysts believe that this momentum could lead to further gains as DOGE successfully clears key resistance levels. Related Reading: XRP Struggles Below $0.60 Metrics Reveal Growing Selling Pressure One prominent analyst has even set a bullish target of $0.20 in the coming weeks, suggesting that Dogecoin could see another significant rally if the broader market remains strong. The recent breakout could signal the beginning of a more extended uptrend, especially if DOGE can maintain support above $0.12 and continue attracting buying interest. Investors will be keeping a close eye on how Dogecoin performs in the days ahead. Dogecoin Price Rising Fast Dogecoin is now testing crucial supply levels around $0.125, a price point not seen since late July. As the entire crypto market surged, sentiment shifted rapidly from fear to hope. Investors are now eyeing Dogecoin with renewed optimism, anticipating further gains in the coming weeks. Prominent analyst TraderNJ recently shared a detailed technical analysis on X, highlighting key resistance levels for DOGE at $0.149, $0.178, and $0.208. TraderNJ expressed strong confidence in the meme coins performance, predicting that Dogecoin could hit the $0.20 mark in no time at all. This bullish outlook reflects the high expectations surrounding Dogecoin, as historical patterns show that when meme coins start to rally, they often experience rapid price acceleration. Dogecoins current price action suggests that a breakthrough past $0.125 could open the door for significant upward momentum. The crypto market has shown resilience and a tendency to surprise skeptics, and Dogecoin is no exception. If DOGE manages to break above its immediate resistance levels, it could potentially trigger a fast-paced rally, similar to its historical price movements. Related Reading: Cardano (ADA) Eyes 20% Price Surge Funding Rate Suggests Increasing Demand Traders and investors are closely monitoring Dogecoins performance as it tests these crucial levels. A sustained push above $0.125 would be a positive signal, reinforcing the bullish sentiment and potentially attracting more buying interest. However, the meme coins notorious volatility means that sharp fluctuations could accompany any breakout. As optimism builds, the next few weeks will be critical for determining whether Dogecoin can maintain its momentum and achieve the price targets set by analysts like TraderNJ. DOGE Price Action: Key Levels To Watch Dogecoin (DOGE) is currently trading at $0.124 after two days of impressive gains and renewed market excitement. The meme coin recently closed above the daily 200 exponential moving average (EMA) at $0.117, a critical indicator that it had not surpassed since late July. Reclaiming this level suggests a potential shift in momentum, indicating long-term strength and a more positive outlook for the weeks ahead. However, sustaining this upward trend will require DOGE to maintain its position above the 1D 200 EMA and continue to challenge higher supply levels around $0.14. If the price manages to break through this resistance, it could pave the way for further gains and solidify its bullish trend. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed On the flip side, if Dogecoin fails to hold above the 1D 200 EMA, the bullish scenario could quickly reverse. A retracement to lower demand levels around $0.105 would then be expected, potentially signaling a pause in the recent rally. Investors are watching closely to see if Dogecoin can maintain its momentum or if it will face another pullback, as it has in previous months. The next few days will be crucial for determining the meme coin’s short-term direction. Featured image from Dall-E, chart from TradingView
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