Dogecoin (DOGE) Under Pressure—Continues Sliding Into Bear Territory
Dogecoin started a fresh decline below the $0.1850 zone against the US Dollar. DOGE tested $0.1450 and is now consolidating below the $0.1650 resistance. DOGE price started a fresh decline below the $0.2000 and $0.1850 levels. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery if it clears the $0.1620 and $0.1680 resistance levels. Dogecoin Price Dives Further Dogecoin price....
Related News
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....
The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the bear territory. As ADA continues on this trend of low momentum, hot on the heels of the market decline, indicators have proven to not be in the favor of the token’s value. Market Declines By $80 Billion During the weekend, the market had suffered consistent dips. Following the price of the leading cryptocurrency Bitcoin, most....
Dogecoin (DOGE) has long been a favorite among cryptocurrency enthusiasts, known for its strong community and meme-driven appeal. However, as the market continues to evolve, many Dogecoin (DOGE) investors are exploring new opportunities that offer additional profit potential. One of the latest tokens capturing the attention of DOGE holders is Mpeppe (MPEPE). With its innovative […]
East London burger vendor Burger Bear reports that 25% of its revenue is now settled in cryptocurrencies, having started accepting bitcoin in November. According to Tom Reaney, Burger Bear's founder, 60% of the cryptocurrency share taken by his pop-up burger stall is in bitcoin, while the rest is in dogecoin. And it's the devotees of the Shiba Inu-inspired currency that have most surprised Reaney. "We have people coming from all over the world to pay with DOGE," Reaney said. "We had a guy from Switzerland last week who told me he was in London on holiday and that he came to hunt me down to....
Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum. Traders Short DOGE Amidst Dogecoin Price Crash The Dogecoin price has crashed again, losing more than 25% of its value […]