Dogecoin Market Cap Tests Multi-Year Ceiling, Long-Term Momentum Still Intact
Dogecoin’s higher-time-frame structure is starting to look constructive again. In a technical analysis posted on X, crypto analyst EtherNasyonaL noted that Dogecoin’s market cap has completed a build, and momentum is ready, pointing to a cup-and-handle breakout retest breakout on the monthly market-cap chart. The chart he shared shows Dogecoin’s market cap hovering just under $30 billion, riding above its 25-month moving average with a gentle series of higher lows that has been developing since the 2022 bear market base. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says....
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Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE?....
Dogecoin Price Key highlights. Dogecoin price tested the dynamic resistance at the 100 SMA, which was enough to keep further gains in check. The short-term moving average is below the longer-term 200 SMA, indicating that the path of least resistance is to the downside and that further losses are likely. Dogecoin price is resuming its downside momentum, which might gain traction on a break of the previous lows at 47.7 Satoshis. Short-Term Consolidation Break. For now, dogecoin price is finding support around 47.7 Satoshis or the previous lows. A break below this short-term consolidation....
Dogecoin Price Key Highlights. Dogecoin price has been steadily trending lower, moving below a very long-term trend line visible on the daily and 4-hour charts. Price recently made a strong bounce up to the long-term resistance area, which continued to keep gains in check. Dogecoin price is set for further losses, as the descending trend line held as resistance and technical indicators support a continuation of the downtrend. Aiming for Previous Lows. With that, dogecoin price is back on track to test the previous lows around 36 Satoshis. Strong bearish momentum might even lead to a break....
Solana is trading at a critical level as the broader crypto market consolidates below key resistance zones. After an impressive 90% surge since early April, SOL has experienced a modest pullback, sparking speculation that this may be the final dip before a significant move higher. While many assets are struggling to maintain momentum, Solana has shown remarkable strength and resilience, bolstering bullish expectations. Related Reading: Dogecoin Momentum Fades – Analyst Expects $0.213 Retest Top analyst Cas Abbe shared a technical view suggesting that the long-term bullish structure for....
On its daily chart from Hitbtc, it can be seen that dogecoin price is gradually treading lower, creating a descending channel on the longer-term time frames. At the moment, the cryptocurrency is testing the channel bottom against bitcoin and may be due for a quick bounce higher if support holds. Dogecoin price has made long spikes around the channel support, suggesting that buyers are keen on making the bottom of the range hold. The longer-term moving average is treading below the short-term moving average, which means that the downtrend is likely to stay intact. Stochastic is moving....