Dogecoin (DOGE) Under Heavy Pressure—Is a Bottom in Sight?

Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin. As of this writing, DOGE is trading at $0.0653, down 4.5% in the last seven days, data from Coingecko show, Sunday. Tesla CEO Elon Musk has always been an avid Dogecoin supporter. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE. Suggested Reading | Cardano (ADA) Looks To....

After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick comeback. The question at hand is whether Dogecoin can seize this opportunity and emerge from its decline, as key indicators are currently displaying bullish signals. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Analysts Spot Signs Of A Bottom Some analysts contend that Dogecoin has already reached its lowest price point,....

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....

According to Dogecoin developer Michi Lumin, a DOGE transaction was sent via radio using a protocol called “Radio Doge.” Dogecoin proponents say Radio Doge will “enable access to dogecoin for people outside the reach of the internet.” 4.20 Dogecoin Sent via Radio Transmission On April 22, 2022, the first dogecoin (DOGE) transaction was sent via radio transmission with help from the global Starlink satellite network. The news was revealed by Dogecoin developer Michi Lumin who tweeted about the subject on Friday. “Hi. [I’m]....

Dogecoin started a fresh decline below the $0.1400 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1400. DOGE price started a fresh decline below the $0.1400 level. The price is trading below the $0.1380 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1375 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1400 and $0.1420. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below....