Dogecoin Gears Up For 60% Move—Will It Be Up Or Down?
An analyst has explained how Dogecoin could be primed for a 60% price move. Here’s the range that could end up deciding the direction of the break. Dogecoin Is Nearing The End Of A Triangle Pattern In a new post on X, analyst Ali Martinez has talked about how Dogecoin is currently looking from a technical analysis (TA) perspective. Below is the chart shared by the analyst that shows the trend in the 1-day price of DOGE. As displayed in the graph, the daily Dogecoin price has been trading inside what appears to be a triangular channel. A triangle is a TA pattern that forms whenever an....
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In a fresh 12-hour chart shared on X, independent technician Cantonese Cat (@cantonmeow) underscores what he calls a “Bollinger Band squeeze” on Dogecoin, hinting that volatility could be about to erupt. Dogecoin Bollinger Bands Hint At ‘Huge Move’ The chart, captured at 03:54 UTC on May 21, fixes the memecoin at $0.22967 while the 20-period simple moving average (the Bollinger basis) tracks marginally lower at $0.22717. The upper and lower bands are parked at $0.24260 and $0.21175 respectively, compressing the trading envelope to barely three US cents and leaving just a 13.6% gap between....
Data shows the Bitcoin Fear & Greed Index has returned back to the neutral territory, a sign that investors are losing optimism. Bitcoin Fear & Greed Index Has Reset Back To Neutral The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Dogecoin Gears Up For 60% Move—Will It Be Up Or Down? The index makes use of the data of these five factors in order to determine the trader mentality: trading volume, market cap dominance,....
The Dogecoin price has been struggling in the market as bears have dominated in the last couple of months. This has seen the meme coin crash below $0.15, taking investor sentiment down with it. However, as the altcoin seems to be setting up for a recovery with multiple bullish formations. Analysts Call Breakout For Dogecoin Price In an analysis on X (formerly Twitter), Crypto School pointed out that the Dogecoin price continues to hold support above $0.15. This suggests that bulls are making their stand at this level and is now a pivotal level for the altcoin. This means that what the....
Despite experiencing a price rut lasting for the majority of 2014, Dogecoin has clawed its way back up the cryptocurrency market cap charts. After rising 18% on September 4, The Dogecoin price has continued its climb. Over the past week, the Dogecoin price has climbed more than 40%. Now, Dogecoin sits fifth among altcoins in total market cap. CCN examines the Dogecoin price charts. Dogecoin Price Rally Continues. September has been a great month for altcoins. In general, most top altcoins have seen their market caps increase, even as the Bitcoin price has struggled. Top 20-altcoins such as....