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Doge

GPT 🐕💥 DOGE's Wedge Edge: Correction on the Horizon? 📉🔮The current price of Dogecoin (DOGE/USD) is $0.1927. 💲 Analyzing the daily chart, Dogecoin is forming a rising wedge pattern 📈, which is often considered a bearish chart pattern 📉. This pattern suggests that while the price is currently trending upward, a potential reversal and downward correction might be on the horizon 🔮. The convergence of the trend lines indicates that volatility is decreasing and a breakout is typically expected 💥. Given the current market sentiment and the technical pattern observed, a conservative approach would suggest a potential correction to the nearest Fibonacci retracement level, which might serve as a support 🛑. Based on the chart, if a bearish reversal from the wedge occurs, the price may correct towards the 0.236 Fibonacci level at approximately $0.12253 or potentially lower, depending on the strength of the breakout and market dynamics 📊. It's crucial to watch for a definitive breakout from the wedge to confirm this potential move 🔍. Keep in mind that the cryptocurrency market is highly volatile, and external factors can greatly influence price movements 🌪️. Remember, this is not financial advice but a technical analysis based on the current chart patterns 🧠.
Short
by Shibunacci
DOGE → The realization of the breakdown could give us 50-70%BINANCE:DOGEUSDT is attempting to break through the correction in order to continue the uptrend. On W1 the price enters a new channel and opens a new potential. On D1 a reversal pattern is forming with the subsequent formation of a pre-breakout formation. The market is buying back the fall in a few days and preparing for realization. This generally indicates a high interest in the coin. On W1 DOGE enters a new channel 0.16 - 0.34, which in general opens a huge potential for the meme coin in the medium and long term. On H4, the price breaks the bearish channel resistance (correction channel). A consolidation above the resistance and a retest of the 0.1800 area is being formed. A breakout of this line will open the potential for the coin and also confirm the end of the correction. Resistance levels: 0.1800, 0.20637 Support levels: 0.16900, 0.14528 I expect the realization of the breakout of resistance with the subsequent distribution of the price to the specified targets Regards R. Linda!
Long
by RLinda
13
Dogecoin Surges 7.5% on Saturday, Up by 4.19% Monday Morning On April 6, the cryptocurrency Dogecoin ( CRYPTOCAP:DOGE ) demonstrated a noteworthy surge, outperforming the broader cryptocurrency market with a 7.5% increase in its price to $0.186, up by 4.15% Monday morning now trading at $0.207 as at the time of writing compared to the market's overall gain of 1.71%. This price rally highlights a bullish trend among top meme coins, reflecting a growing appetite for risk among traders. Memecoins, known for their speculative nature due to their minimal underlying value, are considered high-risk investments within the cryptocurrency sector. This sets them in stark contrast to traditional safe-haven assets. Against this backdrop, the U.S. dollar is facing a decline in value against a basket of leading foreign currencies. The U.S. Dollar Index (DXY) highlights a negative correlation between Dogecoin ( CRYPTOCAP:DOGE ) and the dollar, indicating that the weakening dollar is temporarily enhancing the attractiveness of riskier investments like meme coins on April 6. Whale Alert noted significant trading activity, reporting an anonymous wallet acquiring 199.27 million CRYPTOCAP:DOGE in two transactions from Robinhood, totaling approximately $35.45 million. This substantial investment garnered significant attention, contributing to Dogecoin's price increase. Despite this, a decrease in Dogecoin whales - those holding large amounts of the coin - suggests a possible overvaluation of these transactions' market impact. Simultaneously, Dogecoin's market dynamics reveal a decline in open interest (OI) and funding rates for its perpetual contracts. From a peak of $2.21 billion on March 29, the OI dropped to $1.38 billion by April 6, indicating a potential reduction in trader engagement for various reasons, such as profit-taking or exposure reduction. The funding rate also saw a decrease to 0.0172% from a recent high of 0.106% on April 1, hinting at a lower inclination among traders to maintain long positions. This scenario, where reduced selling pressure accompanies a price increase due to traders closing their short positions, is evident in Dogecoin's market. Technically, Dogecoin ( CRYPTOCAP:DOGE ) is in an Ascending Triangle pattern with the daily price chart candle sticks indicating the "Three white soldiers" pattern indicating DOGE coin's Bullish streak. Further ascertaining DOGE's bullish momentum, is the Relative Strength Index (RSI) which sits at 60.
Long
by DEXWireNews
SHPINGHello, here i present to you my analysis on SHPING Token. This token is available on Coinbase and other top exchanges. First and foremost, this is not financial advise. All financial decisions are your sole responsibility. This is simply and analysis and opinion. My analysis is displayed on a 3 day time frame chart. As you can see Shping has broken an almost 2 year old trend line (in blue). It can be interpreted as a descending wedge pattern, as price action moves in a way where it reaches an inflection point and the price action is compressed into a tight trading range. This technical pattern is usually followed by an explosive move to the upside. For the past 4 mnths price action has gone flat between the levels of 0.006 ( in white) and 0.004 right bellow (in gold). Thus the 0.004 area can be seen as a high interest level since it has been support and resistance for many months. This has resulted in an inverted Head and Shoulders formation which you can see highlighted in white. What we want to see now, and what i expect, is for price to begin making higher highs and higher lows. This would validate that bulls are now in control and that price will appreciate in the future. Once price breaks and holds above 0.006, we can see impulsive moves to the upside. The RSI in yellow looks to indicate higher highs. The MACD illustrates the same while also showing higher lows in price. This hidden bullish momentum. SHPING could be a winner. 10M market cap currently.
COINBASE:SHPINGUSDLong
by OroBoros777
8
Unleash the DOGETechnicals: CRYPTOCAP:DOGE has broke through a Major Support of $16 and looking to fetch higher towards all time highs The Dogecoin community remains active and engaged, with numerous developments and initiatives that could potentially drive the coin's value higher. For example, there have been discussions about the potential implementation of Dogecoin payments on X (twitter), a social media platform owned by Elon Musk. Such developments could increase the utility and adoption of Dogecoin, leading to a surge in its price.
CRYPTO:DOGEUSDLong
by EgideSimba
2
DOGE Eyes Key LevelDogecoin is currently priced at $0.1757, showing a downward movement on the 4-hour chart. The price is close to what might be a strong support level, a price where Dogecoin has previously found a steady footing. If the price can hold at this level, it might be a good sign for Dogecoin, potentially leading to a rebound. However, if the price falls below this point, it could indicate that Dogecoin might see further drops. The technical indicators are suggesting that the price is leaning toward the lower side for now. The MACD, an indicator that helps show the momentum and trend of the price, is below the signal line, which generally means the price is currently on a downward trend. The Stochastic Oscillator is very low, which typically suggests that the price might start to go up again, as it may be considered undervalued at this point. Lastly, the RSI, another momentum indicator, is also quite low, supporting the possibility of an upcoming increase in price if buyers step in. In simple terms, Dogecoin is at a point where it might start to pick up again if it keeps above the current support level. Traders might be watching to see if it can stay above this level or if it will drop further. The coming days will be crucial to determine which way it will go. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
DOGE MADE DRAGON PATTERN ??DOGE has demonstrated interesting behavior on the 4-hour and 1-hour timeframes, indicating the possibility of further growth. 4-hour timeframe: Retest of the maximum volume zone: DOGE successfully retested the zone where the highest volume of horizontal trading was observed. This indicates that this level is an important support/resistance level, and its breakout can lead to a significant price movement. 1-hour timeframe: Dragon Pattern: The 1-hour chart clearly shows the Dragon pattern. This pattern is characterized by the formation of a "head," a "bottom point," and a "tail," after which the price rises sharply. Lower low and liquidity grab: DOGE formed a lower low, capturing liquidity from traders who expected a further decline. Sharp pump: After forming the lower low, DOGE made a sharp pump, confirming the Dragon pattern's completion. Conclusion: The combination of the retest of the maximum volume zone on the 4-hour timeframe and the Dragon pattern on the 1-hour chart indicates that DOGE has the potential for further growth.
Long
by Yaroslav_Krasko
Oldie but DOGE. Strong rebound while BTC stays weak. Bullish.Hi, Doge is strong while Bitcoin is still showing weakness. A breakout above the local top of $0.194ish is expected to take Doge to $0.32 as shown in the chart. As you've seen in recent posts, you have to overcome FOMO & FEAR to make 2x, 10x, 100x returns. Remember that DOGE's last cycle's 250x gain was accompanied by multiple 50+% pullbacks, so I recommend not using leverage too much. Avoid fear, and trust the journey. 1PERCENT
Long
by RVD_1PERCENT
Doge Bull Run ProjectionsAs alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter. The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum. Applying current cycle price action to average market cycles produced by similar action we can begin to make some possible projections. This chart is a weekly line chart showing the current rate of progression matched up with the past outcome of similar action.
CRYPTO:DOGEUSDLong
by Degen-Dynasty
16
Dogecoin Soars As Whale Moves 200 Million DOGE From Robinhood Dogecoin ( CRYPTOCAP:DOGE ), the meme coin, has experienced a surge in investor interest and price increases amidst a period of downturns in the broader crypto sphere. This resurgence has been attributed to a massive movement of 200 million Dogecoins ( CRYPTOCAP:DOGE ) from Robinhood to an unknown wallet, which has sparked CRYPTOCAP:DOGE 's recent upward price movement. As a result, Dogecoin's value crossed the $0.18 mark on Saturday, fueling speculation about its potential to reach the $1 milestone. At present, CRYPTOCAP:DOGE is trading at $0.1865, up by almost 7% in the last 24 hours. Whale Alert reported that the CRYPTOCAP:DOGE movement was carried out in two transactions totaling approximately $35.45 million. The wallet gathered 199.27 million CRYPTOCAP:DOGE through two transactions within the last 24 hours, with the initial transaction involving the acquisition of 100 million CRYPTOCAP:DOGE , valued at $17.77 million, sourced from Robinhood. The transactions have notably contributed to a bullish sentiment among investors and analysts in the crypto community, who are excited about Dogecoin's resilience and its implications for future market movements. With the upcoming Bitcoin halving event, many in the crypto space are closely watching meme coins like Dogecoin, anticipating possible price rallies similar to Bitcoin's post-halving performances. Last week, Dogecoin ( CRYPTOCAP:DOGE ) saw a remarkable $800 million increase in open interest within three days. The price of CRYPTOCAP:DOGE surged by 35%, hitting a weekly high of $0.17. This news came as Elon Musk's X Payments LLC, a social media offshoot of his X motif (X.com, SpaceX, xAI), expanded its operational footprint by securing money transmitter licenses in three additional states: New Mexico, Oregon and Illinois, further fueling investor excitement.
Long
by DEXWireNews
Alikze »» Yooshi | Breaking dynamic triggerIn time 1W, it is breaking the dynamic trigger and according to the guard it took in the first step, it will have the ability to grow up to the specified supply area. If the area fails, it will have the ability to reach its high supply areas. According to the momentum in the 3rd rising wave, this guard will continue until the initial areas. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
YLong
by alikze
DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves. Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend. Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis. Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing). So, gear up, stay vigilant, and may the trading gods be ever in your favor! Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
BINANCE:DOGEUSDLong
by PlutusX
2
BCHG Looks Good For A Run To $50 At LeastBCHG has broken through all the resistance levels. Next one is around $24.50 and if it can get through that then I see a straight shot to $43 and then $55. At those levels I would expect a decent pullback perhaps up to 50% before its attempt to break the high. BCHG is much further along than LTCN in its run. LTCN still has a long ways to go to reach the level that BCHG is at. So upside on BCHG is limited in the short term perhaps another 100% vs LTCN could do a 1000% move to reach the same level as BCHG as far as nav value to price. Keep an eye on news and developements surrounding the space and specifically securities and SEC stuff. The Proof Of Work coins are about to make a comeback. I think Litecoin will far outperform Bitcoin Cash but Bitcoin Cash will have a decent run as well. Good luck out there my friends. Ill update this chart throughout the cycle. Please like and follow me and this idea so you can be notified when i update it. Thank you and please know that none of this is financial advice its just my opinion and observations. Good luck my friends.
OTC:BCHGLong
by Bitgolder
7
Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪 🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨). The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought . Let's take a look at the weekly Dogecoin chart. What can we see there? ✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌 🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective ! Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin. What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark. Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments! Thanks for Your attention🫶 Always sincerely yours, Kateryna💙💛
POLONIEX:DOGEUSDShort
by RocketBomb
3
DOGECOIN DOGE price "shoots rarely" but accuratelyIf we look at the global history of DOGECOIN trading (and the coin has been around since 2014), you can see one interesting pattern. At the end of 2017 , it was hugely pumping (for those times), and then the creators of DOGE wrote that they did not understand why their "joke coin" had a capitalization of several billion. After that, the value of DOGEUSD dropped to the bottom and stayed there for more than 3 years. Then, in the first half of 2021. Musk decided "to pull a prank" and pump Dogecoin using all permitted and not permitted methods) The holiday did not last long, and even for the "chosen ones", but the unhappy investors in DOGECOIN, as always, are the majority. And now the correction has been going on for more than 2 years. Based on the cyclical nature of the pumps, the next DOGEUSDT pump and, accordingly, the ATH update can fall on the 2nd half of 2024. Moral: miracles do not happen, for a pump to be profitable for its "initiator", you first need to gain a large position, which is what has been happening over the past year. If you have extra money that you want to invest in a long-term investment, you can take a chance and invest in DOGE, but do not buy more than $0.07-0.073. Ideally, you should place orders with a grid in the "buy zone" of $0.0575-0.073 and wait. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52