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DOGECOIN / TETHER USD on BSC (0x023b6298e2f9aE728B324757599F2A36e002a55A)

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DOGEUSDT_023B62 trade ideas

Bullish Exhaustion Near ResistanceKey Resistance at $0.10476 Dogecoin (DOGE) is currently trading around $0.102, after failing to break through the upper Bollinger Band resistance of $0.10476. The price hit a high of $0.10495, but selling pressure has pulled it back below the BB Basis of $0.10322. After peaking at $0.10495, Dogecoin has pulled back, now stabilizing around $0.102. The rejection from the $0.10476 resistance (upper Bollinger Band) aligns with the broader bearish sentiment seen in early September. Dogecoin's struggles echo a trend seen across the market, as DOGE has dropped 17% in the last week​ Bollinger Bands: Overbought Conditions The price is hovering just below the upper Bollinger Band, indicating that DOGE is in an overbought state. A rejection at these levels could trigger a pullback to the lower band support at $0.10168. RSI Neutral, But Losing Steam The RSI is sitting near neutral at 49.87, suggesting indecision in the market. However, its divergence from the RSI-based MA (60.41) hints at weakening bullish momentum, with potential downside ahead. Stochastic Oscillator Shows Oversold Conditions The %K and %D values of 19.54 and 14.44 indicate oversold conditions, which might signal a short-term bounce, but buyers need to regain momentum for a sustained move higher. MACD Turning Bearish The MACD histogram (-0.00045) has flipped negative, suggesting a potential bearish crossover. The MACD line is still above the signal line, but momentum appears to be weakening, which could lead to further downside. Support and Resistance Levels Immediate Resistance: $0.10476 (Upper BB) Support: $0.10322 (BB Basis), $0.10169 (Lower BB) Short-Term Outlook : DOGE is showing signs of exhaustion near the $0.10476 resistance. If it fails to break higher, expect a potential dip toward $0.10168, with a possible bounce from there. The Stochastic and RSI suggest caution, as momentum indicators signal weakening strength. Watch for a confirmed break above $0.10476 to signal bullish continuation. Otherwise, a retrace to the lower Bollinger Band is likely.
by MonoCoinSignal
Dogecoin (DOGE) poised for retest?Dogecoin (DOGE) remains in a downtrend, but the bulls are trying to form a higher low at $0.09. If buyers propel the price above the 20-day EMA ($0.10), the DOGE/USDT pair could rally to the downtrend line. This is a formidable hurdle for the bulls to cross, but if they prevail, the pair may start a move to $0.14. Instead, if the price turns down sharply from the 20-day EMA and breaks below $0.09, it will suggest that the bears remain in charge. The pair may then plummet to $0.08 and later to the support line of the falling wedge pattern.
by paul_endeo
Dogecoin Price Hit $0.1: Could Elon's Backing Propel DOGE to $1?Dogecoin ( CRYPTOCAP:DOGE ), the popular dog-themed cryptocurrency, has been making headlines again after surging over 10% to briefly cross the $0.1 mark. This rally, fueled by Elon Musk’s continued endorsement and broader market trends, has sparked renewed speculation about whether Dogecoin could hit the highly anticipated $1 price point. Here's an in-depth look into the factors driving Dogecoin's latest surge and its potential to rally further. Key Drivers of the CRYPTOCAP:DOGE Rally 1. Elon Musk’s Lawsuit Dismissal Boosts Market Optimism One of the key factors behind Dogecoin's recent rally is the dismissal of a federal lawsuit against Elon Musk, which accused him and Tesla of manipulating the Dogecoin price. Filed in Manhattan federal court, the lawsuit alleged that Musk engaged in insider trading and publicity stunts that inflated Dogecoin’s value by up to 36,000%. However, the suit was dismissed by U.S. District Judge Alvin Hellerstein, who ruled that the plaintiffs failed to substantiate their claims after five revisions of the lawsuit. This outcome has removed a significant cloud of legal uncertainty around Musk’s involvement with Dogecoin, leading to increased investor confidence and contributing to DOGE’s recent price surge. 2. Elon Musk’s Continued Support and Potential Use of DOGE Elon Musk, the self-proclaimed “Dogefather,” has continued to express support for Dogecoin. Recently, Musk suggested adding Dogecoin as a payment option for Tesla merchandise, fueling speculation that the meme coin could eventually be accepted for vehicle purchases as well. Moreover, Musk has hinted at using DOGE as the official mascot for a proposed “Department of Government Efficiency,” underscoring his ongoing commitment to the cryptocurrency. This active promotion by Musk, combined with his recent legal victory, has been a strong bullish signal for investors, driving market speculation about Dogecoin’s future potential. 3. Broader Market Rally Amid Fed Rate Cut Expectations The broader cryptocurrency market has been on an upward trajectory, buoyed by growing expectations of a Federal Reserve rate cut. With the global crypto market cap nearing $2 trillion and Bitcoin rising over 4%, risk assets like Dogecoin have benefited from the overall positive sentiment. The CME FedWatch Tool indicates a 73% chance of a 25 basis point rate cut at the upcoming Fed meeting, which has fueled optimism across the market. Simultaneously, other meme coins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and WIF have also rallied, highlighting increased investor appetite for riskier assets. Technical Outlook Dogecoin's technical indicators suggest that the coin could be poised for further gains. As of the time of writing, DOGE is trading at $0.1041, up 7.67% with a moderate Relative Strength Index (RSI) of 44.97. This RSI level indicates that DOGE is not yet overbought and may have room for continued upward momentum. Additionally, the daily price chart shows a bullish symmetrical triangle pattern—a technical formation that often signals a continuation of the current trend. If CRYPTOCAP:DOGE breaks above this pattern, it could confirm a bullish breakout, potentially setting the stage for a significant price surge toward $1. Dogecoin’s trading volume has also spiked, up nearly 74% to $639.67 million, while Futures Open Interest rose 8% to $476.52 million, signaling increased market participation and interest. Options Open Interest jumped over 37%, further underscoring the market's bullish outlook. However, the road to $1 will not be without challenges. Dogecoin will need to overcome several key resistance levels, with the most immediate being around the $0.15 to $0.20 range. Breaking through these resistance points will be crucial for CRYPTOCAP:DOGE to sustain its rally and approach the elusive $1 target. Musk’s Backing and Market Trends Favor CRYPTOCAP:DOGE The fundamental outlook for Dogecoin remains optimistic, driven by Elon Musk's ongoing support and the broader positive market sentiment. The dismissal of Musk’s lawsuit and his recent endorsements have reinvigorated investor confidence. Meanwhile, potential macroeconomic tailwinds, such as a Fed rate cut, are likely to provide additional support for the cryptocurrency market as a whole. Moreover, the growing use case of Dogecoin, particularly as a potential payment option for Tesla merchandise, adds another layer of utility that could drive demand. If more companies and platforms begin to accept DOGE, it could further bolster the coin’s market position and price. Conclusion Dogecoin’s recent price action reflects a combination of technical strength and fundamental momentum. Elon Musk’s backing, the broader market rally, and positive technical indicators are aligning to create a favorable outlook for DOGE. While reaching $1 will require significant market support and overcoming key resistance levels, the current trend suggests that Dogecoin is well-positioned for further gains. Investors should watch closely for any additional endorsements from Musk, broader market developments, and key technical breakouts that could signal the next leg of Dogecoin’s rally. As always, the cryptocurrency market remains highly volatile, and potential investors should consider their risk tolerance before jumping in. In the meantime, Dogecoin’s journey to $1 remains a closely watched narrative in the crypto space—one fueled by community enthusiasm, market speculation, and the enduring influence of its most famous advocate, Elon Musk.
Long
by DEXWireNews
Doge Update as of September 9, 2024 6:00 pm**Bias:** Bullish **Rationale:** * **Breakout of downward trend:** The recent breakout above the resistance level of 0.09000 in 1 and 4-hour timeframes suggests a potential reversal of the downtrend. * **High volume:** The breakout was accompanied by an increase in trading volume, indicating increased buying pressure. * **Technical indicators:** The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both moving upwards and out of oversold territory, supporting the bullish bias. **Suggestion:** Based on these technical indicators, I would suggest considering the following: * **Potential entry point:** A conservative entry point could be above the resistance level of 0.09000, once it is retested and confirmed as support. * **Stop-loss:** A stop-loss could be placed below the recent low of 0.08000. * **Target:** A potential target could be the previous high of 0.11400. **Caution:** Please note that this is a technical analysis and does not constitute investment advice. Always conduct your own research and consider your personal risk tolerance before making any trading decisions.
Long
by kcinrom
Doge Update as of September 9, 2024 6:00 pm**Bias:** Bullish **Rationale:** * **Breakout of downward trend:** The recent breakout above the resistance level of 0.09000 in 1 and 4-hour timeframes suggests a potential reversal of the downtrend. * **High volume:** The breakout was accompanied by an increase in trading volume, indicating increased buying pressure. * **Technical indicators:** The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both moving upwards and out of oversold territory, supporting the bullish bias. **Suggestion:** Based on these technical indicators, I would suggest considering the following: * **Potential entry point:** A conservative entry point could be above the resistance level of 0.09000, once it is retested and confirmed as support. * **Stop-loss:** A stop-loss could be placed below the recent low of 0.08000. * **Target:** A potential target could be the previous high of 0.11400. **Caution:** Please note that this is a technical analysis and does not constitute investment advice. Always conduct your own research and consider your personal risk tolerance before making any trading decisions.
Long
by kcinrom
Momentum ScreenerThe Momentum Screener is a custom indicator built for TradingView that provides a consolidated view of several momentum-based indicators across multiple trading symbols. It's designed to help traders quickly assess the overall sentiment of different assets using indicators like MACD, Awesome Oscillator (AO), Parabolic SAR, Supertrend, and Detrended Price Oscillator (DPO). By displaying the status of these indicators in a tabular format, traders can efficiently identify potential trading opportunities. Features Multiple Indicator Analysis: Combines key momentum indicators to provide a comprehensive market sentiment overview. Customizable Symbol List: Allows traders to select up to 40 different trading symbols to monitor simultaneously. Real-Time Updates: Dynamically updates the screener results in real-time as new price data becomes available. Indicators Used MACD (Moving Average Convergence Divergence): Identifies trend direction and duration along with potential reversal points through the relationship between two moving averages of the price. AO (Awesome Oscillator): Measures market momentum by calculating the difference between the 34 period and 5 period simple moving averages, based on the midpoints of the bars (HL2). SAR (Parabolic Stop and Reverse): Provides potential stop-loss levels and indicates entry and exit points based on price momentum. Supertrend: Combines volatility and price averages to indicate the direction of the price movement, offering signals to buy or sell. DPO (Detrended Price Oscillator): Removes longer-term trends to focus on shorter-term cycles and overbought/oversold conditions.
by mertenes3
1
Dogecoin Analysis As of September 8, 2024 11:00 pmMy bias on Dogecoin (DOGE) as of September 8, 2024, 11:00 PM is slightly bullish. **Technical Analysis:** * **Trend:** The price of DOGE has been trending sideways for over 30 days, with a high of 0.114 and a low of 0.08. * **Support and Resistance:** The current price of 0.095 is near the middle of the range, suggesting some support. However, the bulls need to break above 0.114 to establish a clear uptrend. * **Moving Averages:** The 50-day moving average is currently at 0.093, which is below the current price. This indicates a slightly bullish bias in the short term. **Fundamental Analysis:** * **Market Sentiment:** The overall market sentiment for DOGE is mixed. Some analysts believe that its strong community and popularity will drive it higher, while others remain skeptical about its long-term value. * **Use Cases:** DOGE is primarily used for tipping and small transactions. Its adoption as a payment method is growing, but it masih faces competition from other cryptocurrencies. * **Regulatory Environment:** The regulatory landscape for cryptocurrencies remains uncertain. Any changes in regulations could impact the value of DOGE. **Suggestion:** Given the slightly bullish bias and the current price near the middle of the range, my suggestion would be to: * **Consider a small position:** Enter a small position in DOGE if you believe in its long-term potential. * **Set stop-loss and take-profit orders:** Protect your capital by setting stop-loss and take-profit orders to limit potential losses and secure profits. * **Monitor the market closely:** Follow market news and technical analysis to stay informed about any changes in sentiment or price action. Please note that this is just a suggestion and not financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
by kcinrom
DOGECOIN / TRADING INTO DESCENDING CHANNEL - 4HDOGECOIN / 4H TIME FRAME HELLO TRADERS The overall trend is downward , until trading below turning level at 0.102 The asset's price action suggests a potential downtrend as it currently trades below the key level of 0.102. This level often acts as a significant turning level , so trading below it indicates bearish momentum. A further decline to 0.094 is expected because it represents the next logical support level where buying interest might increase. If this level fails to hold, the price could drop to 0.084, a stronger support that might prevent further declines. However, if the price can break above the 0.102 level and sustain that move, it would indicate a shift in market sentiment from bearish to bullish. This could lead to a rally towards 0.112, a resistance level that could attract selling pressure. A continued move higher might take the price to 0.121, where significant resistance could be encountered. KEY LEVELS : TURNING LEVEL : 0.102 . RESISTANCE LEVELS : 0.094 , 0.084 . SUPPORT LEVELS : 0.112 , 0.121 .
Short
by ArinaKarayi
Dogecoin Bias as of September 7, 2024 11:00 amAs of September 7, 2024, Dogecoin (DOGE) is trading around $0.097²⁴. The current sentiment in the market is bearish, with a Fear & Greed Index showing "Extreme Fear"². Here are some key points to consider: ### Technical Analysis: 1. **Support Level**: Dogecoin is currently in a support area around $0.097⁴. This level has been tested multiple times, indicating strong buying interest. 2. **Resistance Levels**: The immediate resistance is around $0.10⁴. Breaking this level could lead to a bullish trend. 3. **Moving Averages**: The 50-day and 200-day Simple Moving Averages (SMA) are important indicators. If the price stays above these averages, it could signal a bullish trend². 4. **Relative Strength Index (RSI)**: The RSI is currently low, indicating that Dogecoin might be oversold². ### Market Sentiment: 1. **Bearish Sentiment**: The overall market sentiment is bearish²⁵. This could mean that traders are cautious and might be waiting for more favorable conditions. 2. **Fear & Greed Index**: The index is at 22, indicating "Extreme Fear"². This often suggests a potential buying opportunity, as prices might be undervalued. ### Confluence: 1. **Support Area**: The strong support around $0.097⁴ provides a good entry point for buyers. 2. **Market Sentiment**: Despite the bearish sentiment, the "Extreme Fear" level could indicate a potential reversal. 3. **Technical Indicators**: The low RSI and the position of the moving averages suggest that Dogecoin might be oversold and could see a bounce back. ### Bias: Given the current support level and the oversold conditions indicated by the RSI, my bias would be cautiously bullish. However, it's essential to keep an eye on the resistance levels and overall market sentiment.
by kcinrom
Dogecoin Price Prediction**Dogecoin Price Prediction** **Disclaimer:** Cryptocurrency markets are highly volatile and unpredictable. This prediction is based on technical analysis and market observations and should not be taken as financial advice. **Short-Term (1-3 months):** * **Neutral:** Dogecoin has recently experienced a period of consolidation, with little significant price movement. * **Key Support:** $0.05-$0.06 * **Key Resistance:** $0.10-$0.12 * **Expectation:** Dogecoin may experience some sideways trading or slight fluctuations within this range in the short term. **Medium-Term (3-6 months):** * **Bullish:** Technical indicators suggest the possibility of a breakout above resistance at $0.12. * **Potential Target:** $0.15-$0.18 * **Expectations:** If Dogecoin can gain momentum and break above this resistance level, a surge towards these targets is possible. **Long-Term (6+ months):** * **Uncertain:** The long-term trajectory of Dogecoin depends on several factors, including market conditions, community support, and future developments. * **Key Factors:** Elon Musk's influence, meme culture, and potential adoption as a currency. * **Expectations:** Dogecoin could continue to experience volatility, but it has the potential for significant growth if these factors remain favorable. **Influencing Factors:** * **Elon Musk's Support:** Musk's tweets and support have a significant impact on Dogecoin's price. * **Meme Culture:** Dogecoin's popularity as a meme coin can drive price surges based on social media hype. * **Market Conditions:** Broader market trends, such as the performance of other cryptocurrencies, can influence Dogecoin's price. * **Development and Adoption:** Progress on the Dogecoin blockchain and its adoption as a means of payment could boost its value. **Conclusion:** In the short term, Dogecoin may experience sideways trading. However, in the medium to long term, bullish trends and a potential breakout above resistance could lead to price appreciation. The overall trajectory depends on various influencing factors, making long-term predictions uncertain.
by kcinrom
2
Lingrid | DOGEUSDT: Currently in the ACCUMULATION PhaseBINANCE:DOGEUSDT has recently dropped to a support level that was last tested in February. At that time, the price experienced a significant surge. Currently, the price has formed a false breakout below the support level of 0.09500 and has since been moving sideways during an accumulation phase. Over the past week, the market has been creating a compression channel, which is likely to lead to a breakout and subsequent price extension. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong possibility that the price will move higher. I anticipate that the price to break through the trendline and retest the resistance level. My target is resistance at 0.10700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
Dogecoin (DOGE) - Will DOGE lovers finally be rewarded?Things have not been as exciting as most cryptocurrency enthusiasts would have thought, especially for CRYPTOCAP:DOGE . At just 3x from this year's low, it is to date one of the worst performing memes. Let's take a look at what Dogecoin might have in store. Macro View. Everything remains intact on the monthly and it just regained lost support on the weekly. Many probably missed the yearly opening retest at $0.09 hoping to get a perfect retest of that level, only to be left out! Price trading above $0.12 over the next three weeks will present a change in trend and print a new bullish signal Once it reaches $0.17, things will start to pick up momentum, as that would be the last level for the bears to defend before a nice push towards $0.33. Actions to Take: Bid at $0.12 for a turn towards $0.17. Invalidation below a daily close of $0.114. A rather slow trade, so be patient!
Long
by ZelfTrade
#DOGE double bottom in falling wedge. Get LONGDogecoin is looking primed to pump. It has been respecting the falling wedge. It has formed a double bottom. RSI is stronger showing sellers have left the building. And it has found support at an order block. STO is low and ready to go. What are you waiting for. GET LONG. Chart: Pattern: Falling wedge with a double bottom to reverse. RSI was 27 on the previous low and 37 of this new low. Bulls are taking over baby. STO has just touched 5. Yes 5. So time to head back to 8o :-) Numbers: Target 1: based on falling wedge pattern is 0.16. Yes that is 66% with no leverage. Just hodl. Stop loss: 0.08. We dont want to see this again. GL and stay safu
Long
by thecryptochart