Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money?
Dogecoin is facing a confusing technical setup as technical analysis warns of a major higher-timeframe move that could first send DOGE into a deeper accumulation zone. The chart appears bearish at first glance, but the inverted price scale changes the reading, turning the projected drop into a longer-term bullish setup that points to $1, $2, and eventually $5. Dogecoin Is Approaching Its Smart Money Zone Technical analysis done by a crypto analyst known as Crypto Patel is built around the idea that Dogecoin may still need to push lower before its larger upside cycle begins. Crypto....
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Crypto analyst Cryptokijker has revealed that the Dogecoin price is poised for a breakout amid massive whales’ accumulation. The analyst also revealed the price targets that DOGE could reach following this breakout. Dogecoin Price Poised For Breakout Above $0.17 In a TradingView post, Cryptokijker predicted that the Dogecoin price is poised for a breakout above $0.1790. The analyst revealed that the targets on this potential breakout are $0.1840 and $0.1920. He noted that the price at this level is showing a neutral-bullish structure after the recent breakout above the Previous Day Low....
DOGE price rallied 98.5% in the last seven days following Elon Musk's acquisition of Twitter, pushing the crypto into the eighth position in global crypto rankings. Tesla CEO and billionaire Elon Musk’s acquisition of Twitter has tipped 62% of Dogecoin (DOGE) investors into profit, amid speculation that Musk’s Twitter-buy will be positive for the meme token.DOGE’s price rallied on Oct. 26 when billionaire entrepreneur Elon Musk changed his Twitter bio to “Chief of Twit” — the same day he visited Twitter’s San Francisco-based headquarters before officially closing the deal as the new owner....
Dogecoin is still facing a lot of bearish pressure amid the market decline, but with the price still fighting to hold the $0.2 support level, there is still the possibility of a bounce from here. There is also the fact that the meme coin seems to be following a trend that has been seen in […]
Crypto analyst Trader Tardigrade has provided insights into the current Dogecoin price action. The analyst revealed that Dogecoin is currently stuck in a range amid the recent crypto market crash and suggested what could happen if the foremost meme coin breaks out of this range. Dogecoin Price Stuck In A Range, What Could Happen Next? […]
In the last week, Bitcoin prices fell to around $65,000, resulting in a net loss of 6.74%. This recent decline underlines the asset’s struggles in March, which, despite periods of attempted price breakout, has witnessed an equal or greater pullback, producing a current net monthly loss of 4.4%. Amid this price instability, the Analytics page Easy On Chain has shared an interesting trend on smart money accumulation in the Bitcoin market. Related Reading: If Bitcoin Should Be Worth $280,000 Right Now, What’s The Real Value Of Dogecoin And XRP? Bullish Market Divergence Dominates Bitcoin....