Latest Dogecoin Milestone Suggests Recovery Trend May Just Be Starting
Dogecoin has touched yet another milestone that suggests that the digital asset is heading towards higher prices. Its holder count which had grown exponentially in the year 2021 had begun to fall following the crash from the all-time high. This persisted for some time but it seems that this metric is once again picking up […]
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The crypto market has been on a recovery trend and with it have been digital assets like Dogecoin and Shiba Inu. Both assets had touched points they hadn’t seen in months following the crash but have since recovered some of their lost value. To be clear, Dogecoin and Shiba Inu are still a long way […]
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
Key Highlights. Another attempt to pierce 70.0 Satoshis failed, as Dogecoin price continues to consolidate. Buyers look like setting up for a rally as all major indicators point more gains. A 4-hours close above 70.0 Satoshis might be a catalyst for an upside move. Dogecoin resiliency was surprising, which increases the chance of it trading higher in the near term. Trend Line Support. Dogecoin price recently traded a touch higher above 70.0 Satoshis to trade as high as 71.8 Satoshis where it struggled. The price moved back lower and currently trading around an important bullish trend line....
Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well. Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet,....
An analyst has explained how a pattern forming in the Dogecoin price may suggest a rally to $1, if historical trend repeats this time as well. Dogecoin 1-Week Price Appears To Be Forming A Classic Pattern In a new post on X, analyst Ali has discussed how DOGE seems to have been showing a classic pattern in its weekly price once again. This trend involves a technical analysis (TA) pattern called the “Descending Triangle,” which, as its name suggests, is shaped like a triangle. The pattern involves two trendlines between which the price of the asset consolidates; one of these is....