Dogecoin Moves Into Demand Zone After 10% Fallout – Is A Bounce Coming?
According to a new technical analysis by DD Trading On X (former Twitter), Dogecoin (DOGE) has just moved into a key demand zone after experiencing a steep 10% drop from former highs. The analyst suggests that the meme coin is poised for a short-term recovery to new levels if the daily price low holds. Dogecoin […]
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Dogecoin (DOGE) has been swirling downwards since the latter part of 2021, specifically in November. DOGE is currently up by 0.88% or trading at $0.06247 Dogecoin has been trailing down since November 2021 DOGE showing some bearish movement DOGE has been on a rollercoaster ride with up and down sequences. The popular dog meme coin is seen to have rallied the previous month generating double-digit gains in terms of percentage. One significantly rally is in August when DOGE managed to surge from a low of $0.059 peaking to a high of $0.087. Dogecoin is currently sitting in a demand zone seen....
Dogecoin (DOGE) is currently trading at a pivotal level following a 17% retrace from its recent highs around $0.179. This pullback has brought DOGE to a significant demand zone, catching the attention of top analyst Daan, who recently shared a technical analysis identifying this level as an opportunity for accumulation. According to Daan, the current support zone could act as a launchpad if buying pressure intensifies, positioning DOGE for a potential rebound. However, the upcoming days are expected to bring heightened volatility and uncertainty, primarily due to the approaching US....
After a brief display of bullish momentum on Thursday, Dogecoin began its bearish price action, falling as low as $0.201. In 1 month, DOGE’s price has declined by almost 40%, triggering speculations about a possible bear market phase. However, the dog-themed meme coin could still experience a rebound as it moves into a key zone. […]
Bitcoin lost its footing above $40,000 once more over the weekend and has been on a downward trend since. This is not a shocking move given that the last two moves into the $40-$44K range had ended the same way. However, this third time has come with a much lower momentum, raising concerns regarding the ability of the digital asset to establish any semblance of support below this level. No Demand Established A fall below $40K shortly after breaching it is not unheard of in the history of bitcoin. In fact, given the highly volatile nature of the digital asset, moves like these are expected....
Dogecoin‘s persistent bearish performance might be coming to an end shortly as the meme coin appears to have formed a bullish chart pattern, capable of igniting upward momentum. With price movements eyeing a bounce toward the upside, crypto analysts anticipate an upsurge for DOGE to new highs. A Major Breakout Brewing For Dogecoin Dogecoin’s recent […]