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DOGECOIN / TETHER USD on BSC (0x023b6298e2f9aE728B324757599F2A36e002a55A)

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DOGEUSDT_023B62 trade ideas

DOGE - Dictated by Market SentimentNormal price setup is approaching a key level. The yearly level needs to hold, or things could quickly turn bearish. I remain cautiously optimistic because this level presents a pivotal opportunity and is the lowest-risk entry available. I'm not entering the trade right now as I’m risk-averse at the moment. It could be an optimal play, but #Bitcoin is still weaker than I’d like it to be. This chart represents about 90% of what the Altcoin market looks like. If you’re overexposed, be prepared to act quickly or have hedges in place in case the situation flips. Let's wait for the weekly close before making any moves on this and the rest of the Altcoins.
by ZelfTrade
Dogecoin ($DOGE) Primed for a Rally as Key Metrics Turn BullishDogecoin ( CRYPTOCAP:DOGE ) has been showing promising signs that it could be on the verge of a significant rally, with on-chain data pointing to bullish developments. Increased short-term trading activity, whale accumulation, and a surge in active addresses suggest that CRYPTOCAP:DOGE could soon see a strong upward price movement. Whale Accumulation One of the most telling indicators of Dogecoin’s potential rise is the behavior of large holders, or "whales." According to recent data from Santiment, whales holding between 1 and 10 million CRYPTOCAP:DOGE have accumulated over 2.07 billion CRYPTOCAP:DOGE in just one week. This level of whale activity marks the largest accumulation of Dogecoin since January and signals growing confidence among larger holders. Historically, whale accumulation precedes significant price rallies, as these large investors often have insider knowledge or access to market trends. Active Addresses Surge In the last few weeks, the number of active Dogecoin addresses surged to over 133,880, the highest level in eight months. This sharp increase in participation demonstrates renewed interest in CRYPTOCAP:DOGE from both new users and long-term holders. A rise in active addresses typically reflects increased trading activity, which could lead to higher demand and, in turn, upward price momentum. Increased Short-Term Trading Activity Another key metric supporting a potential rally is the surge in short-term trading activity. Over 110,000 short-term traders have been actively trading CRYPTOCAP:DOGE in the past week, far surpassing other meme coins like Shiba Inu and Pepe. This heightened trading volume highlights that CRYPTOCAP:DOGE remains a favorite for speculative traders looking to capitalize on quick price movements. As trading volume grows, it often precedes larger, sustained rallies, especially in the memecoin sector. Historical Patterns Dogecoin’s recent price movement aligns with its historical behavior following breakouts from a multi-year descending triangle pattern. This particular technical setup has been a precursor to major price rallies for CRYPTOCAP:DOGE in the past, with the coin experiencing surges of up to 200% after similar breakouts. For example, CRYPTOCAP:DOGE saw a 200% price increase after breaking out of this pattern in 2015, and another massive rally followed similar breakouts in 2017 and 2021. Currently, Dogecoin ( CRYPTOCAP:DOGE ) is showing signs of breaking out from another descending triangle, which could lead to a midterm rally pushing the price up to $0.2236. At the time of writing, CRYPTOCAP:DOGE is trading at $0.1111, reflecting a 2.92% increase in the last 24 hours. If the historical trend holds, this breakout could set the stage for another significant bull run. Rising Trend Channel and RSI Technically, CRYPTOCAP:DOGE is trading within a rising trend channel, showing upward momentum. The Relative Strength Index (RSI) currently sits at 61.90, indicating that the asset is neither overbought nor oversold. An RSI in this range suggests that there is still plenty of room for upward price movement without the risk of an imminent correction. Moreover, the appearance of a bullish engulfing pattern on the daily price chart signals that Dogecoin could be gearing up for further gains, especially after a period of consolidation. Key Levels to Watch The $0.12 pivot is a critical level for Dogecoin ( CRYPTOCAP:DOGE ). If the price can break and hold above this point, it could signal the start of a new rally, potentially pushing the price toward $0.2236 in the midterm. Additionally, with Bitcoin ( CRYPTOCAP:BTC ) trading at $65,000, the broader crypto market sentiment could positively influence Dogecoin’s price, as altcoins often mirror Bitcoin's movements during bull runs. Broader Market Conditions In addition to on-chain data and technical analysis, broader macroeconomic factors could play a role in Dogecoin’s price trajectory. The overall crypto market sentiment has been improving, driven by positive investor sentiment and rising interest in digital assets as inflation concerns persist. Dogecoin ( CRYPTOCAP:DOGE ) has historically benefited from such bullish market conditions, especially when key figures like Elon Musk or other high-profile endorsers mention the coin. Conclusion: Is CRYPTOCAP:DOGE Ready for a 200% Surge? Dogecoin’s recent price action and on-chain metrics suggest that the memecoin could be primed for a substantial rally. Whale accumulation, a surge in active addresses, and increased short-term trading activity all point to growing confidence in CRYPTOCAP:DOGE ’s future. Technically, Dogecoin’s breakout from a descending triangle pattern and its rising trend channel further support the possibility of a 200% surge, with a target price of $0.2236 in the coming weeks. While the cryptocurrency market remains volatile, and CRYPTOCAP:DOGE ’s memecoin status leaves it vulnerable to speculative trading, the signs are positive for those looking for the next major rally. As always, investors should proceed with caution, but the stars seem to be aligning for another impressive Dogecoin ( CRYPTOCAP:DOGE ) bull run.
Long
by DEXWireNews
4
DODGE promising to raise When I send analysis I didn't expect market to shift faster to the directions as I don't control the market n time,market can manipulate n gives all reason to exit before even the pick but if you learn well n work very hard on displean n risking management you are going to buy with open heart n be patiently for re ward I never mess even a single chance cz I prepair everything even if it can t3st trendline support at 1.08 it doesn't change the buy setups it gives more lower entries,according to my view is giving buying opportunities just in this level we might see a rocket 🚀 in few weeks,don't be scared to make moves be scared of not talking risks.
Long
by mulaudzimpho
1
Just a Hunch layouti dont claim to be a guru, i only have 2 yrs of even just watching, so take that into account. the multiple lines are guides, the retace in % is the may posibility bounc of growth of burn and buy and hold ratio that i am still trying to full understand. i find that lines work better for visual but not for long term, more just kinda bounce retrace... the % is seeing posible over time? again due to only 2 years i am not sure. so this is just a theroy from my self of when it is going to bounce full bull. not next month but the month after will be a good possible low grab befor hiking the mt. also dont know how good the middle section is for weight gain.
by AnthonyBG
Dogecoin Short-Term (Correction Likely Not Over)My dear friend, we see strong bearish momentum and prices moving down and we wonder, is this it? Is the correction over? Not likely! let me show you. MA200 is working as resistance and produced a rejection in July 2024. Another rejection happened recently but DOGEUSDT did not make it to this level, the black line on the chart, which is a signal of weakness. Since there is weakness, the drop can continue for a while longer. The July drop led to a low of 0.080 on the 5th of August. Since we have a lower high on the bounce (the recent peak in late September is lower than the peak in July), we can expect a lower low on the drop. The lower low can send prices to the range mapped on the chart. This is likely the final drop and then a long drawn out recovery. We expect another correction in November but it will likely be a higher low. This will depend on how low this one goes, but this is it, most likely. This is just a map of course as things can always change. Stay strong, do what you have to do to stay safe. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
2