Andrei Lifincev on LinkedIn: Dogecoin’s Rollercoaster Ride: Assessing Chances of Recovery After Yearly… (2024)

Key Takeaways:- Dogecoin (DOGE) breaks out from a descending resistance line that held for 805 days.- Despite the breakout, DOGE's price struggles to surge, hovering near the breakout level.- Mixed signals from RSI and potential breakdown from a channel hint at a possible return to June lows.A Breakout with Limited GainsThe Dogecoin (DOGE)#CryptoMarketNews #DogecoinNews

Dogecoin appears to be ready to move higher, but the key resistance is still holding. Below is an analysis of a few technical indicators that might provide some insights into why DOGE’s price is up today.Key Support levels: $0.13Key Resistance levels: $0.21, $0.311. Pressure Building UpSellers appear to be defiant and are still holding the price under the key resistance at 21 cents.# # # #

Dogecoin’s Potential Bullish Turn Amidst Recent DeclineDogecoin’s price is nearing a critical support level of $0.182, and breaking through it could lead to a surge towards $0.200 and potentially $0.220. This apparent bearishness notwithstanding, this decline paves the way for a possible bullish phase, signifying a favorable occasion for accumulation. Dogecoin, despite its recent decline in value, is presently in an advantageous position to be accumulated. DOGE is suitable for purchase according to the Market Value to Realized Value (MVRV) ratio, which measures the profit or […]Dogecoin’s Potential Bullish Turn Amidst Recent Decline #Bullish #Dogecoin #MVRV

Over the past 24 hours, the price of Dogecoin fell 8.55% to $0.091. This is opposite to its positive trend over the past week where it has experienced a 5.0% gain, falling from $0.099 to $0.09.The chart below compares the price movement and volatility for Dogecoin over the past 24 hours (left) to its price movement over the past week (right).The#DOGE #dogecoinprice

The #Dogecoin shows a high momentum recovery rally, forming a rounding bottom reversal in the daily chart. The recovery rally creating this trend continuation pattern increases the likelihood of a bullish trend in $DOGE price in the coming weeks.Further, the growing frequency of bullish candles reflects the growing demand and improving sentiments of the meme coin. To further support this thesis, the rising trend in the intraday trading volume projects a high possibility of a new breakout rally.Despite the intraday fall of 3.92%, the $DOGE price is up by 23% in the last 15 days and approaches the neckline at $0.0955. Close to the psychological mark of $0.10, the Dogecoin price trend approaches a pivotal point.The potential breakout above $0.10 would unleash the trapped momentum and help the $DOGE price leap to $0.1150. On the flip side, a reversal could prolong resonance within the pattern.

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Dogecoin: Is DOGE ready to escape this compact range? Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Selling pressure could see DOGE breakout of the compact range. Lack of demand in the futures market sees Spot CVD remain in perpetual decline. Dogecoin’s [DOGE] traded within a compact price range over the […]https://lnkd.in/giZtkJA3

Over the past 24 hours, the price of Dogecoin (DOGE) has risen 4.45% to $0.08.This is contrary to its negative trend over the past week where Dogecoin (DOGE) has experienced a 1.0% loss, moving from $0.08 to its current price.As it stands right now, the coin's all-time high is $0.73.See#DOGE #DOGECOIN #Price #Rose

Dogecoin (DOGE) saw a significant drop as it broke below a 120-day horizontal support area, reaching a low of $0.057 on October 9. The coin remains confined within a broader descending triangle pattern, with the weekly and daily Relative Strength Index (RSI) indicators signaling bearish conditions. Read more here:https://lnkd.in/d56qeMFn#Dogecoin #Cryptonews #Trends #Blockchainforafrica #bullrun

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New Post: DOGE Price Signals Downturn, Why Dogecoin Is At Risk of 15% Drop -… - Key Takeaways:Dogecoin price failed to extend its rally above $0.1065 and trimmed gains.DOGE traded below a crucial bullish trend line with support at $0.0885 on the daily chart.The price could extend losses and revisit the $0.060 support zone in the coming days.New Delhi(Coinchapter.com): DOGE peaked near $0.1065 and started a fresh decline. Dogecoin price is signaling a bearish breakdown and might drop toward $0.060.Dogecoin Price Trims GainsIn December 2023, Dogecoin saw a strong increase above the $0.080 resistance. DOGE followed a bullish path like Bitcoin and even cleared the $0.090 resistance. Finally, there was a spike above the $0.100 level before the bears appeared.A key top was formed at $0.1063, and the price started a fresh decline. There was a move below the $0.090 and $0.0850 support levels. More importantly, the price traded below a crucial bullish trend line with support at $0.0885 on the daily chart.Dogecoin price daily chart

#AltcoinsNews: Summary:Dogecoin experienced a fluctuating week, reaching $0.2 but later dropped to lose support at $0.16. Analysts predict a potential bottom at $0.16, with bullish prospects if the bulls hold the support. Additionally, a "Cycle of 7 years" trend suggests a surge to new highs by 2028, possibly reaching $40. Analysts advise not missing the anticipated Dogecoin surge.#CryptoNews #CryptospaceToday #Altcoins