DOGEUSDThe stock is uptrend and chart looks good for long position. It has made a good base near High and can buy above around 0.44187 . Stop Loss can keep around at 0.383 and can expect target at 0.739.
DOGEUSD.P trade ideas
A successful trade in DOGUSDon Nov 4th DOGUSD broke its structure at the level of 0.1511 and after spending some time it changed its character with a strong bullish candlestick at the level of 0.1562 and then retested its FVG (0.1521- 0.1553) ,when it filled the FVG i quickly entered into long position at the level of 0.1553 with a stop loss of 0.1514 targeting 0.1800 which is almost there to hit it but i have squared off my positions , with a easy price action trade.
Dogecoin’s Current Price Action Exhibits Positive TrendsThe breakout from a falling wedge in September ignited a wave of optimism that carried into October, resulting in an impressive overall increase of nearly 65% at the time of writing. On the daily chart, the price trend has shifted from bearish to bullish, notably crossing the $0.128 mark this month.
This trend closely follows the movements of Bitcoin, reflecting similar patterns on the Dogecoin chart. Just as Bitcoin has remained above a key support level, Dogecoin has also established support at $0.128.
Following Bitcoin's bullish performance over the past 48 hours, Dogecoin has also seen positive momentum.
In October, Dogecoin demonstrated a positive trend by remaining above the critical support level of $0.128, which had previously acted as a barrier to its growth since July. Surpassing this mark has boosted investor confidence significantly.
In the short term, it appears poised to reach $0.1747, but it must first clear the $0.15 level to achieve that target. If it fails to do so, it may continue to consolidate above the $0.128 support.
Looking ahead, long-term growth is expected to be substantial, with many analysts expressing a bullish outlook online.
Doge May Rise from Support Zone.When the DOGEUSD daily chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 0.09385031 level is not broken down, it is evaluated that the price movements above the 0.10259554 level can exceed the 0.13174628 level and target the 0.16585265 level.
Dogecoin Recovery in Sight: Key Indicators Signal Upward MomentuDogecoin Recovery in Sight: Key Indicators Signal Upward Momentum
The weighted sentiment curve entered the bullish territory indicating positive bias.
The bearish divergence in DOGE price DAA metrics has dropped signaling a potential recovery.
Dogecoin kicked off from the lows and has surpassed the 20 day Exponential moving average over the daily time frame indicating early signs of recovery. However, the bulls need to keep this pace until the price surpasses the 200 day EMA for a bullish reversal.
At the time of writing, the meme coin leader was exchanging hands close to $0.105 adding 3.1% to its market cap in the last 24 hours. It ranks 8th among all the cryptocurrencies with a live market capitalization of $15.44 Billion.
Amid the recovery in the price, the investors are keen to determine if DOGE is on the verge of a price rally. Let's analyze using on-chain metrics to clarify whether the upcoming days will be on the profit side or loss side for Dogecoin investors.
Investors Eye Dogecoin for Potential Gains
The price DAA (Daily Active Address) divergence indicator, which tracks the growing or diminishing influence of the bulls and bears, was currently headed from bearish territory to zero line. This is a strong sign of a recovery in the price and fading interest of the bears.
However, despite the recent shift amid the increasing strength of the bulls, the price DAA curve was still in bearish territory indicating that the sellers are still in control of the trend which could limit the strength of momentum.
For the rally in Dogecoin to persist, the price DAA divergence indicator must surpass the zero line and claim its presence in the bullish territory.
The DAA stands for Daily active address which is a metric reflecting the total number of unique users participating in a particular transaction in the last 24 hours.
Additionally, the weighted sentiment curve has shifted its territory from bearish ones to bullish indicating an improved sentiment. The weighted sentiment curve reflects the biases in the crypto whether it is bullish or bearish at the moment.
Dogecoin Price Prediction: What’s In September For investors?
Dogecoin price has been fluctuating in the range between $0.92 on the lower side and $0.115 on the higher side. A strong buying was experienced from the lower levels in the recent sessions and DOGE is edging towards the higher level.
Moreover, to maintain an upward momentum, Solana needs to break through this local supply zone. Given the strong technical indicators including the RSI and MACD, it's likely that DOGE crypto will flip the recent $0.115 barrier into a support and further proceed higher.
The RSI and SMA line highlights a bullish crossover which validates a bullish continuation at the moment. Additionally, the on-chain metrics are continuously improving in tandem with the bounce in the price.
Now, if dogecoin successfully flips the $0.115 level into support it may pave the way to a 25% gain on the higher side till the $0.14 level.
On the contrary, if the price fails to surpass the recent supply, it may invite more sellers to enter at a discounted price and the Dogecoin may crash towards new low. The short term traders and investors need to keep a closer look at the recent price action.
DOGEUSD COIN GANN ANALYSIS DAILY CHART 26 AUGUST 2024DOGEUSD coin Gann Analysis daily chart important low around Gann level of 0.081000. Actual low came in at 0.08071 on 05 August 2024 on Gann Mid Seasonal date. We have moved up one cycle to 0.10500 and a little higher. Actual high came in at 0.11518 on 23 August 2024. Important low on this bitcoin came on 10 June 2023 at 0.05452. We saw an important high at 0.22851 on 28 March 2024. gann level to watch was 0.23100 which marked a growth of 7 times as Gann Price Cycle on it. 7 is a master number in Gann Theory after 3. This was 42 weeks rise on the coin an important time period in Gann Theory. Next critical period was ending on 24 August 2024. Currently we have formed a low on 05 August 2024 which has corrected the growth by 6 times on downside. On upside we need to watch the level of 0.10913 for further growth. On downside we need to watch the level of 0.10288 for further decay. In between we are rangebound.
Happy Trading !!!
price bounced recently from a long-coming support trendlineDogecoin (DOGE)
As the segment leader and the top meme coin, Dogecoin (DOGE) ranks 9th amongst the top 10 cryptocurrencies per market cap globally. DOGE traded at $0.1045 and has a market cap of $15.19 Billion.
The price bounced recently from a long-coming support trendline, if it breached the upper border of the wedge, then DOGE would start a new bull run in a falling wedge pattern. With the recent surge, the meme coin reclaimed the $0.097 level and displayed 26% gains from August 5th.
With an increased breakout chance, Dogecoin can reach $0.22, a 120% surge from the current market price.
DOGUSD: big run ahead!DOGUSD: big run ahead!
-Bull flag pattern.
-Demand zone support.
-Key level support.
-Trendline support.
.
Pullback and prepare for a big pump ahead.
wait n see!
US STOCKS- WALL STREET DREAM
Deciphering the Daily Chart of Dogecoin (DOGE)!
The daily chart has built a bullish pattern, precisely the falling wedge and a breakout has popped out from the upper border. It has sparked bulls’ presence from $0.09733 and has surpassed $0.12826 on the daily chart.
The rally appears to be in the process, and a momentum contingent on buyers' interest could lead to more than 50%on the daily charts.
The indicators, at a glance, display that the MACD moved above the zero line with histogram at 0.00388, dynamic resistances of EMA bands have been breached, which now backs the price of DOGE, and RSI flashed at 62.93, signifying the bull's presence.
Therefore, if the sustenance on $0.12826 gets followed by the bulls' interest, the nearest resistance would be at $0.1747, and $0.22562, respectively.
However, if DOGE loses traction on the $0.12826, the deterioration could stretch toward the $0.09733 and $0.05729 levels.
Deciphering The Daily Chart Of Dogecoin (DOGE)!
The Daily chart has built a falling wedge, and a breakout seems to be anticipated, contingent on the bulls' interest in DOGE. The memecoin has demonstrated a sign of bulls presence on a critical level of around $0.09733 on the daily chart.
Based on the situation, if the DOGE successfully reclaims above $0.12, it could lead to a sustainable and remarkable rally. Meanwhile, the price seems like it has mobilized its force from the lower boundary of the wedge to overcome the dynamic upper trendline resistance level and ascend to new elevations.
The indicators, at a glance, show that the MACD below zero line, dynamic resistances of EMA bands shook off the price, and RSI flashed at 36.94, signifying the bull's presence.
Therefore, if the sustenance on $0.09733 gets followed by the higher bulls' interest. The nearest resistance would be at $0.1282, and $0.1747, respectively.
However, if the DOGE loses its traction on the $0.0.09733 price level, the deterioration could stretch toward the $0.05729 level.
Dogecoin Shows Long strides: Can DOGE Reclaim Bullish Territory?Dogecoin Shows Long strides: Can DOGE Reclaim Bullish Territory?
Dogecoin price seemed to be recovering intraday and had surged over 4.79% at the time of writing.
The weighted sentiment curve had surpassed above the zero line indicating signs of optimistic days ahead.
Dogecoin price has been on a recovery after falling below a strong dynamic support of 200 day Exponential moving average. At the time of writing, the crypto was hovering close to $0.127, recording a positive intraday development of nearly 4.79%.
The recent selloff has dragged the price below the recent support and multi month low of $0.128. However, the intraday surge may again push the price back in a bullish territory. Moreover, there has been a notable development in the weighted sentiment curve that points towards a continued recovery in the crypto.
Weighted Sentiment Curve Turns Bullish!
The recent development in the Dogecoin price has been accompanied by similar development in the weighted sentiment curve. As per the data obtained from app.financial.net website, there has been a notable shift in the sentiment curves.
As per the chart, the positive sentiment has dominated due to which the weighted sentiment curve has shifted from bearish to bullish side. The improvement in the weighted sentiment curve indicates optimistic days ahead.
Moreover, the weighted sentiment curve represents the current bias of the majority of investors. The growth in the weighted sentiment curve generally affects positively on the price.
Can DOGE bulls Reclaim the 200 day EMA Back?
Dogecoin crypto is recovering in Intraday and might end up adding more by the sessions end. The growth in the price marks the bulls commitment to reclaim the price above the 200 day before the end of the week.
With a daily transaction volume of $651.9 Million, it ranks 8th having a live market capitalization of $18.49 Billion. Now, if the bulls establish themselves near the recent support of $0.128, it may indicate a bullish reversal and the crypto may resume its way towards north.
On the higher side, the 20 day and 50 day may act as an immediate resistance which once surpassed may unlock price potential to reach the higher supply of $0.170 levels.
At the time of writing, the RSI line seemed to be recovering after entering into an oversold zone. Moreover, The RSI and SMA line were about to make a bullish crossover indicating a possible continuation in the trend.
Conclusion.
Dogecoin is showing signs of recovery with a 4.79% development in intraday price. The shift from bearish to bullish sentiment suggests a positive outlook ahead. The intraday recovery could lead to surpassing the 200-day Exponential Moving Average (EMA). With a $651.9 million daily volume and an $18.49 billion market cap, it ranks 8th in the cryptoverse.
Moreover, DOGE could see a bullish reversal if it stabilizes around $0.128. Overcoming immediate resistance at the 20-day and 50-day EMA could unlock the path to $0.170. The Relative Strength Index (RSI) indicates a potential trend continuation with a bullish crossover in sight
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
he price to show a resurgence possibility is highOver the daily chart, the price has declined after the failure of a breakout this month; this month its price fell by -25%. The DOGE price is back to the nearest support at $0.1325, from which it started its ascend earlier.
During this price degradation, the 50-day and 200-day EMA is highlighting bearishness, MACD below zero line at -0.00610, and RSI at 35.63 after facing resistance from 14-SMA.
Since it's near the previous demand area (previous liquidity surge zone), the price to show a resurgence possibility is higher. At press time, the DOGE price stands at $0.13289 with intraday decline of -3.00%. If the price resurges, it could spike towards $0.1750, and $0.2200; beyond this supply, the price could elevate more over the bigger timeframes.
However, if the price fails the current demand-based support area, the DOGE price could break $0.1325 and reach the nearest support area of $0.1000.
Whales Accumulating DOGE: Is A Major Uptrend On the Horizon?Whales Accumulating DOGE: Is A Major Uptrend On the Horizon?
Whales Holding 100 Million to 1 Billion coins have jumped from 20.75% to 21.55%.
The daily DOGE price chart reveals the formation of an interesting pattern with the price hovering at a crucial zone.
Dogecoin price seemed to be taking a pause near the 20 day exponential moving average. While the long term trend points to a bullish outlook, the immediate trend awaits a surge in trading volume to establish a definitive direction.
Recent trading sessions have unveiled notable whale transactions, suggesting a potential surge in Dogecoin's value. Additionally, the current general market conditions seem favorable, which could bolster the cryptocurrency.
Let's analyze all the essential factors supporting this scenario to determine if investing in Dogecoin over the coming month is a prudent decision.
Whales Accumulating DOGE
Though the Dogecoin has performed negatively in the last week recording a loss of nearly 3.10%. Still, there has been a significant rise in holdings of large wallets. The whales holding 100 Million to 1 Billion have seen an increment from 20.75% to 21.55%.
As per a tweet by Ali Martinez, who is a famous technical and on-chain analyst, Dogecoin whales have accumulated over 700 Million DOGE tokens in the last 72 hours which was worth $112 Million.
#Dogecoin whales have bought over 700 million CRYPTOCAP:DOGE in the past 72 hours, worth around $112 million! pic.twitter.com/zpMoHz1azX— Ali (@ali_charts) May 31, 2024
This significant whale activity could be indicative of an impending bullish trend. Typically, these large-scale investors position themselves in the market well ahead of average retail investors, leveraging their greater resources and access to information.
Can Doge Surpass Annual Highs?
The daily chart showcases the formation of a rising channel pattern with the price currently placed near the support zone of the channel. The Long term trend outlook is bullish which may invite the bulls at the discounted price.
On the higher side, the $0.175 level has been acting as a strong hurdle for the bulls. Now, if the DOGE bulls are able to surpass the price beyond the $0.175 it may indicate a breakout. thereafter, the price may rise towards the annual highs of $0.228.
However, any breakdown below the $0.15 may invalidate the bullish breakout scenario and the price may decline towards the 200 day EMA near the $0.130 level.
Conclusion.
Dogecoin price seemed to be stabilizing near the 20-day EMA, hinting at a bullish long-term trend. However, the short-term direction is unclear as volume inflow is low at the moment. Despite a 3.10% weekly loss, whale holdings have risen from 20.75% to 21.55%.
Moreover, The daily chart shows a rising channel pattern with the price suggesting a buying opportunity. Now, If Dogecoin breaks past $0.175, it could reach $0.228, while falling below $0.15 may lead to a decline towards the $0.130 200-day EMA.
DOGE asset has showed bullish signsThe DOGE crypto has showed itense match between bulls and bears. As the price approcahes the beginning of June, investors are keenly watching for crypto to reclaim previous supply at $0.228. Furthermore, the DOGE crypto shhows bullish potential, as it stays above 50-day, and 200-day EMA's, and riding on an upward trendline after breaking out of a bullish pattern.
The DOGE crypto has revealed a breakout from the wedge and the pullback scenario has been created in the DOGE, which seems to be optimistic for crypto.
After breaching the wedge upper boundary, the price takes support from $0.15275 which has been a crucial level for DOGE price to achieve a parabolic move.
Overall, on the crypto chart, it appears that DOGE Memecoin poised for an colossal surge, to crack the resistance level and rocket to $0.228, which could be a 30% gains (approx.) in the coming weeks or in the short-term probably.
An analyst post on X by Altcoin Sherpa shared a positive approach for the Dogecoin price in the long term. He further added that this cycle it could go for the target $0.40 price mark, which are historical level that acts as a magnet.
Sherpa also stated that the DOGEcoin looks promising and could probably outperform a lot of other shitcoins. Meanwhile, it has a great liquidity relative to other meme coin, all it takes for the crypto to send flying is a one retarded tweet from ELON to blow it up.
Doge Price Forecast, And Oscillators Overview!
The DOGE asset has exhibited bullish strength and rising capacity as it holds above major 50-day, and 200-day EMA's.
The asset displays bullishness, as MACD line at 0.00329, which happens to be above the zero line and the RSI flashed at 50.98 level.
as per the indicator tools, the DOGE asset has showed bullish signs as well and it has the potential to surge further. It has performed well in the past month, and quarter by 11.31%, and 35.93% respectively, thus, indicating a strong uptrend.
Therefore, if the demand for the crypto remains high, the DOGE asset price could bounce back from the current level. The next target for the price could be to reach $0.228, and $0.400.
However, if the Dogecoin crypto price fails to cross above previous wing high at $0.17500 and fails to stay above the $0.15275 level, it could decline further, as well.
Doge Whales Looks To secure 20% Gains Before Another Correction Doge Whales Looks To secure 20% Gains Before Another Correction
Dogecoin has exhibited a bullish breakout from a notable pattern on the daily chart.
The weighted sentiment curve has risen above the zero mark, signaling a shift to bullish overall sentiment.
Dogecoin has been diligently striving to emerge from a downward trend that began at the onset of April 2024. This downturn resulted in a price decline exceeding 41% from its peak levels in April.
Nonetheless, the market sentiment has shifted, with the bulls regaining over 30% of the lost value. Recently, Dogecoin has achieved a breakout from a significant pattern. Moreover, the weighted sentiment curve has transitioned from negative to positive, suggesting an upward trend.
Let's delve deeper into this development and explore the potential upper levels Dogecoin might reach with ease.
DOGE Crypto: Weighted Sentiment Turned Bullish
As per the data obtained by a financial analytics platform app.santiment.net, there has been a notable shift in investor sentiment for Dogecoin. The weighted sentiment curve has moved from a bearish to a bullish stance, crossing the zero threshold to signal a positive outlook that could continue to rise.
Moreover, this curve represents the collective inclination of investors and traders. It serves as an indicator of market dominance, revealing whether the bulls (positive sentiment) or the bears (negative sentiment) are in control. A positive weighted sentiment indicates a prevailing bullish mood, while a negative one suggests a bearish trend in the cryptocurrency market.
Is Dogecoin Preparing For A Bull Run?
From a price point of view, Dogecoin is on the mend, steadily climbing and establishing higher lows. A positive trendline has provided support, resulting in the formation of an ascending triangle pattern on the daily chart.
The recent close above the upper resistance of this pattern has confirmed its breakout. Looking ahead, short-term traders and investors might target a 20% profit before potentially encountering another downturn.
On the flip side, a close below the $0.160 mark could invalidate this bullish pattern, potentially leading to a reversion to the previous downward trend.
Indicators such as the MACD and RSI are currently signaling optimism for the short term, suggesting that Dogecoin's upward trajectory could persist.
Conclusion.
Dogecoin is recovering from a significant April downturn, after experiencing a drop of over 41% in April. However, a shift in market sentiment has recovered over 30%. Furthermore, A breakout from an ascending triangle pattern on the chart and a bullish turn in the weighted sentiment curve suggest positive momentum. Data from app.santiment.net confirms this investor sentiment shift.
Now, If Dogecoin maintains above $0.160, it could see further gains, with short-term targets around 20% higher. Indicators like MACD and RSI support this optimistic short-term outlook, although a drop below $0.160 could signal a return to the bearish trend.
price could be to reach $0.1700The DOGE crypto is experiencing a decline of -1.64% in the last 24 hours, trading at $0.15314 and the price has been giving a breakout from falling wedge. The price rebounded from a pivotal level of around $0.13000 on the chart.
The next goal for the price could be to reach $0.1700 and $0.2000. The DOGE asset is rising steadily and strongly as it remains above major 20-day and 50-day EMAs, indicating bullish strength. The MACD shows a bullish cross and the RSI is rising steadily, indicating that the DOGE asset is not losing steam and can continue to climb higher.
However, if the DOGE crypto price fails to stay above the $0.1300 level, it could decline further.
DOGE asset price remains highIt is up massively 10.59% in the past 24 hours to $0.16197, with 24-hours trading volume at 1.53 Billion with massive surge of 55.45%..
Therefore, if the demand for the DOGE asset price remains high, then it could bounce back from the current level. Then next target for the price is to reach $0.1755, and $0.2000.
However, if the DOGE crypto price fails to stay above the $0.1200 level, it could decline further.
Dogecoin Price Crossed Demand Zone, Is It About To Get Wings The Dogecoin Price retraced the 20 day EMA and jumped higher indicating strength in the crypto.
The DOGE crypto is extending the gains on the third consecutive day and was up 4.26% at the time of writing.
The Dogecoin price has been trading well in the last couple of sessions and has added nearly 17% to its value in the last past three sessions. The price retraced the 20 day EMA and surged higher indicating strength in the trend.
The bears tried to get into the game after the DOGE price attained a new swing high. However, the bulls made a comeback near the dynamic support of 20 day EMA and previous breakout zone and the selling momentum faded away.
The bulls are in control of the trend and the crypto has been headed towards north forming higher highs and higher lows. The 20 and 50 day EMAs are acting as a dynamic support.
The daily chart showcases that Dogecoin has resumed its way on the higher side after a short term correction in February. The short term trend outlook is bullish at the moment and the crypto may continue to conquer higher levels.
Dogecoin Crypto Volume Analysis
The volume analysis shows that DOGE received nearly 2.17 Billion USD In volume in the past 24 hours which is nearly 5.54% higher than the previous day. The volume has been on the rise for the last few sessions along with the rise in the price.
The volume to market cap ratio is 7.36% suggesting mild volatility in the crypto. It has a live market capitalization of 29.62 Billion USD. it has 143.79 Billion DOGE tokens in the circulating supply which is also the total supply.
Dogecoin Crypto: Social Volume Shows A Positive Trajectory.
The social volume reveals the number of social media users engaged in the transactions of Dogecoin. The social volume chart highlights that a growth of nearly 60% in the number of users was observed in February.
The total number of social users participating peaked in the 1st week of April and dropped nearly 25%. Recently, the number of users again started to increase indicating a positive value for the crypto. The social dominance value of Dogecoin stands at 1.95% at the moment with an increase of nearly 0.5% in the last one week.
Technical Indicators Imply A Positive Outlook.
From a technical point of view, the DOGE crypto retraced the 20 day EMA and surged higher indicating strength in the trend. The crypto hovers higher than all the key EMAs of 20, 50 and 200 day EMA suggesting a positive trend prevailing in the short term as well as long term.
At the time of writing, the RSI line was placed close to 60.28 points and that of the SMA line was at 59.88 points. Both the RSI and SMA line were placed above the mean line indicating a positive outlook in the short term.
Dogecoin Price Forecast 2024
On the most optimistic note, Dogecoin Price could gain to a high of $0.260 as the highest value in April if the bulls are able to surpass the recent swing high of $0.227. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $0.122 if it breaks below the recent support level of $0.175.
Conclusion.
The Dogecoin Price is extending the gains on the third consecutive sessions and has jumped nearly 4.26% in intraday to currently trade at $0.205. The price took a rebound from the 20 day Exponential moving average and surged higher indicating strength in the trend.
The short term as well as the long term trend outlook is positive due to which the crypto may resume its way towards the higher levels. The bulls have regained control after a short term correction in February and are intending to conquer higher levels.
Technical levels:
Support levels: $0.175 and $0.172
Resistance levels: $0.227 and $0.260
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Dogecoin Price Holds Higher: Can DOGE Keep Up The Pace?Dogecoin price was down nearly 1.08% intraday and was trading close to 0.210 USD at the time of writing.
The technical indicators imply a strong outlook above the key EMAS of 20,50 and 200 Day.
The Dogecoin price trades with a swift intraday loss of nearly 1.08% in the 1st half on Saturday. The bears are trying to regain control and drag the price lower on the second consecutive day.
However, the price still hovers near the monthly high value despite the bear's attack in the last couple of sessions. The short term as well as the long term trend is positive and the DOGE crypto is headed higher.
Recently, the DOGE price made a breakout on the higher side and hit a new yearly high value at $0.228. The price bounded back from the 50 day EMA and ended the consolidation with a breakout.
On the lower side, the previous supply zone now may act as a demand and the price may take a rebound after retracing it. The technical indicators imply a strong outlook as the price hovers above the key EMAs of 20, 50 and 200 day EMA.
On the higher side, any breakout may be considered as a trend constitution and the price may continue to rise further until it hits a strong supply zone.
Dogecoin Crypto Volatility Analysis
The above chart shows a correlation between the price and volatility of Dogecoin price. Volatility metrics is an indicator of the fluctuation on the price. A high volatility generally indicates an instability in the price.
The volatility analysis of the Dogecoin price highlights that the volatility curve turned towards the north in the last week of January as the price jumped higher after breakout. However, it dropped after the DOGE crypto seemed stabilizing at the higher levels. The last couple of sessions have seen a drop in the volatility indicating the price stabilizing at the CMP.
Number of Active Addresses Surged In the last Two Months!
The Dogecoin active addresses data implies the number of users currently participating in either buying or selling of the cryptocurrency. It also elaborates a change in the number of active users over a period of time.
The above chart shows that the number of active addresses saw a positive development in the last week of January and continued till the 1st week of March. The number of active addresses have dropped in the last couple of weeks.
Dogecoin Price Sentiment Analysis
The Dogecoin Sentiment data displays the current domination of the bulls or bears in the short term. It also shows the change in sentiments in the recent sessions which gives early signals of a trend change or a trend continuation.
The sentiment data analysis depicts that the bulls hold the grip since the mid February and the DOGE price is heeded higher forming lower lows and lower highs structure. The overall sentiment has dropped slightly in the last couple of sessions. However, the overall sentiment is still positive.
Dogecoin Price Prediction April 2024.
As per the most bullish observation of our analysts, the DOGE price may attain a higher levels of $0.25 and $0.3 levels in April if resumes on the higher side with the same momentum. While if the bulls fail to keep up the pace and the price drops, lower levels of $0.185 and $0.15 may act as a support level and try to halt the further fall.
Conclusion.
The Dogecoin price is down in the last two sessions after a strong rally. The rally was driven by the bulls after the price bounced back from the dynamic support of 50 EMA. Earlier, the crypto witnessed a consolidation of nearly two weeks near the monthly high which was broken after the recent breakout.
Now, the previous breakout zone may act as a support if the price drops. The short term as well as long term trend outlook is positive which may act as a buy on dip scenario for the traders and investors. On the higher side, the $0.25 and $0.3 levels may be targeted for the next month.
Technical levels:
Support levels: $0.185 and $0.15
Resistance levels: $0.228 and $0.25
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
DOGE/USDT now 200% Up from our Entry setupCRYPTOCAP:DOGE Pattern Repeated and Blasting as per Our Analysis
1⃣ #DOGECOIN is now 200% Up from our Entry zone
2⃣ My Long Term Target is $2/$3/$4/$5
3⃣ Currently #Memecoins Session is on Fire
4⃣ Our Initial Entry was $0.65-$0.75 ✅
5⃣ ElonMusk Always Supports DOGE as per His Tweets
6⃣ Currently Strong Support at $0.1
RT/Comments if you Agree with My #DOGE Setup.
45 days of DOGE accumulation
Doge accumulated for 45 days straight.
Today the BB upper broker signalled an upcoming repricing.
The Memecoin days are back.
Time to long your longs. Add a long everyday.
Dogecoin $5 Potential in Memecoin Season in Bull MarketCRYPTOCAP:DOGE Pattern is Repeating before Blasting We are waiting for a Perfect Retest.
The #DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner.
A perfect retest is approaching, creating an incredible entry setup.
Once the retest is complete, watch Dogecoin soar to the moon!
In the #memecoins season of the bull market, $5 is a realistic target.
Get ready to ride the wave!
Share/Comments if you Agree with My #DOGE Setup.
Fib Retracement trend technique Started a new setup for scalping for shorter.Please give some suggestions if I need to make improve the way I look up to Fib
