Dogecoin (DOGE) Bears Dominate — Price Action Suggests More Downside Ahead
Dogecoin struggled to rise above $0.2180 and corrected some gains against the US Dollar. DOGE is now consolidating and might decline below $0.1920. DOGE price started a fresh downside correction below $0.2050. The price is trading below the $0.240 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2025 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1880. Dogecoin Price Dips Again Dogecoin price started a fresh increase after it settled above....
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Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
Dogecoin is staging a powerful comeback, reinforcing its resilience in the volatile crypto market. After enduring periods of uncertainty and downward pressure, DOGE has managed to reclaim the crucial $0.18 level, a price point that is now acting as a key battleground between bulls and bears. This level has emerged as a defining line in the sand; holding above it could fuel a strong rally, while dropping below might open the door for further declines. With increasing trading volume and renewed interest from investors, the stage is set for an intense showdown. Technical indicators suggest....
While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. 12 months ago dogecoin was swapping hands for $0.44 per unit on Doge Day and today the meme-based crypto asset is down 65.3% from that value.
Last Year During Doge Day, Dogecoin Was up 18,299% and Saw Fresh New Price Highs
Last year, the popular meme-token dogecoin....
Billy Markus, the co-founder of Dogecoin, explained on Wednesday that an Ethereum bridge to the Doge network would bolster the dogecoin ecosystem. Markus also said that non-fungible token (NFT) markets “would help Dogecoin” as well.
Dogecoin Co-Creator Thinks 2 Ideas Could Help the Doge Network
The popular crypto asset dogecoin (DOGE) has gained a whopping 7,500% during the last 12 months and reached a high of $0.731 per unit on May 8, 2021. However, DOGE is down 72% since that all-time high and 25.4% during the last month.
While the Dogecoin co-founder....
Dogecoin (DOGE) is once again making waves in the crypto market. This time, it’s due to a fascinating technical pattern forming on its price chart: a symmetrical expanding triangle. Known for signaling periods of heightened volatility and potential breakout opportunities, this pattern has traders and investors on the edge of their seats, wondering what’s next for DOGE. The symmetrical expanding triangle is a rare and dynamic formation, marked by its widening price range and converging trendlines. For Dogecoin, this pattern reflects a tug-of-war between bulls and bears, with neither side....