DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
Dogeusdt
🔻 DOGEUSDT 🔻 SHORT - September -17%DOGE 1-day Chart BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P COINBASE:DOGEUSDT OKX:DOGEUSDT.P
Liquidity has been mostly cleared from the top.
I anticipate a 16% decline from the current position.
The nearest target is 0.05280.
I've marked local correction levels on the chart.
Wishing everyone profitable trading.
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Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for DOGE Dogecoin is $0.053.
Looking forward to read your opinion about it.
Dogeusdt (doge)A good position to buy Dogecoin is the weekly triangle time frame. In the monthly period when the flag is formed. And we have reached the ultimate limit of Dogecoin compression. The probability of a very strong jump that is 70% likely to be an upward jump. This upward jump could take Dogecoin to one dollar. If the price closes below $0.05, this scenario will be incomplete and the same strength will be reversed. I give 30% chance that it will be bearish.
🚨 DOGE 🚨 24H Upside Potential 🌞; 1-Week Horizon ☁️Mixed trading conditions ahead over the next 24 hours on the global crypto market. Slightly bullish sun 🌞 to shine over Dogecoin, Bitcoin, and Cardano while Ether and XRP face rainy downside risk. 🌧️
Over a one-week horizon, cloudy ☁️ or rainy 🌧️ bearish trading conditions are likely to prevail according to ATTMO, indicating a slightly bearish market with downside risk. Chainlink bucks the trend, with a sunny bullish mood ahead 🌞.
Follow us for more crypto weather reports!
📈 DOGE: Potential for Explosive Growth 🚀Hey crypto enthusiasts! Today, let's dive into the fascinating world of Dogecoin (DOGE) and explore a pattern that has caught the attention of many traders and investors.
🔍 The DOGE Range: Did you know that Dogecoin traded within a relatively tight range for a whopping 554 days? That's right, over a year and a half of relatively stable prices and limited volatility.
💡 The Power of Range-Bound Trading: Range-bound trading occurs when an asset's price moves within well-defined upper and lower boundaries. During this extended period of range-bound trading, DOGE seemed to be in a state of hibernation.
🚀 The Explosive Growth: What's truly intriguing is what happened next. After trading sideways for an extended period, Dogecoin suddenly skyrocketed, surging to incredible heights and increasing in value by a factor of 11 or more.
🔮 A Glimpse into the Future: Now, here's where it gets exciting. Many traders and analysts believe that history might repeat itself. The previous extended period of range-bound trading could be a precursor to another explosive growth phase for DOGE.
📊 Trading Strategy: For traders, this presents an opportunity to keep a close eye on DOGE. If it follows a similar pattern, a period of stability within a range could be a prelude to a significant breakout.
⚠️ Always Do Your Research: While historical patterns can provide valuable insights, remember that the crypto market is inherently unpredictable. Conduct thorough research, stay updated with the latest news, and consider various factors before making investment decisions.
In conclusion, Dogecoin's historical trading behavior suggests that it might be gearing up for another exciting chapter. Whether you're a DOGE enthusiast or a crypto trader, it's a space worth watching closely. Who knows what the future holds for this popular cryptocurrency?
Stay tuned, stay informed, and remember - in the crypto world, surprises are around every corner! 🌌💰
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Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
DOGEUSDTThis is a 1W frame analysis for DOGEUSDT In order to provide a better view of the market to our friends, we are analyzing the market at a higher scale. The price has formed a descending channel with one side being the resistance zone R1 and the other side being the support zone S2. However, currently the price has not been able to open higher ceilings and form lower floors, which is an indication that the price does not have enough power to form higher ceilings. But the market can always surprise us and if it can manage to settle above the first resistance line, it can see higher numbers, and if it can not settle above the first support line and settle below the first support line, it can move towards the second support line.
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE - X Payments, Trading Plan Q4 2023Hi Traders, Investors and Speculators of Charts📈📉
Interesting times are ahead for Dogecoin alt in the near future.
X (formerly Twitter) will soon be releasing a payment option and many users are expecting a crypto supported system. The anticipation of the upcoming launch of Twitter's new "X" payments feature may lead to a rally as CEO Elon Musk has said that he is interested in making DOGE a payment option on Twitter, and this could give the coin a boost in value.
However from past events, we must remember to buy the rumor sell the news . It is therefore highly likely that the price of DOGEUSDT will first drop, possibly trade range there for a few weeks and then suddenly increase.
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CRYPTOCAP:DOGE BINANCE:DOGEUSDT COINBASE:DOGEUSD
DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin ended an 8-day losing streak as prices rebounded from a recent point of support.
Following a low of 0.06246 DOGE/USD rallied to an intraday peak of 0.06422 earlier in today’s session.
The move comes as the meme coin surged from a floor at 0.0620, with bulls now likely targeting a ceiling of 0.0680.
the bounce in price comes as the 14-day relative strength index (RSI) rose from a floor of 39.00.
the index is tracking at 42.66, with the next point of resistance around 47.00.
In the event that this is broken, there is a good chance that DOGE will move back towards 0.07000.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔻 DOGEUSDT 🔻 SHORT - Local on 01/09DOGE - 1h - BINANCE:DOGEUSDT COINBASE:DOGEUSDT OKX:DOGEUSDT KRAKEN:DOGEUSDT BITMEX:DOGEUSDT.P
The impulsive downward movement of DOGE received a reaction in the nearest FTA zone.
It has entered a sideways movement, and based on the chart, there doesn't seem to be much eagerness to buy at the moment.
I anticipate the removal of internal liquidity at the level of 0.0641-0.06461 , followed by further downward movement.
The initial targets for removal are 0.06252 and 0.06236 .
Afterwards, I will be monitoring buyer reactions; if we see strong buying activity, DOGE may rebound.
If not, there's a possibility of a spill down to the level of 0.06160 with a correction, and the nearest target becomes 0.06011 .
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing insights.
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Will Musk Safe DOGE?After bouncing from W FVG support level 0.055$, #DOGE bounced right to another W FVG resistance level that you can see on the chart.
Breaking above that resistance, will open the way towards to another resistance (blue line that you can see), or 0.076$ where we can also see bear reaction. (look at number 2 black line)
One more Positive scenario is that the coin breaks above the blue line resistance, then it can bounce up towards to 0.085$ (look number 3 line)
Other way is that #DOGE cant manage to break through 0.068$ in this case it drops until 0.054 and below ( look at number 1 line)
DOGE to the moon?Hello Traders,
We got some bullish news today.
First, Grayscale wins a lawsuit against the SEC, and second, X (Twitter) obtains the license required for crypto payments and trading.
It means bluebird index altcoins will have bullish movements in the following weeks.
Don't forget MASK because it has the lowest market cap in this category.
Please hit the boost button and follow me for more ideas.
Thanks.
DOGEUSDTHello Traders,
Based on the chart provided, we're potentially looking at a situation where there could be a rise in prices and increased market activity, possibly resulting in significant gains. Additionally, it's important to consider the possibility of the market maintaining a stable range.
A crucial factor to keep in mind is that any notable price surge and the associated gains would likely hinge on a substantial uptick in trading volume.
It's also noteworthy to pay attention to the price trends on the abbreviated chart positioned above the main chart, highlighted in black.
Furthermore, it's worth mentioning that Twitter user X recently highlighted that this place is dog-friendly ;D
Target 0.075
Feel free to share your insights in the comments section below. Thank you.
☀️ Next 24 Hrs & 1 Week for DOGE, Yet, 🌧️ For the Rest The sun will shine over the global crypto market in the next 24 hours ☀️ , buoyed by positive stock market news, hinting at a slightly bullish market with upside potential for Bitcoin, Ether, Dogecoin, and other altcoins.
But beware, ☁️ clouds and 🌧️ rain will return over a one-week horizon, signaling a bearish market trend with downside risk. 🚀
Dogecoin, Litecoin, and Cardano buck the trend, retaining upside potential over this period, as per ATTMO forecasts.
Follow us for more crypto weather reports!