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The Dogecoin Dilemma: Will $DOGE Hold Strong or Succumb?The Dogecoin ( CRYPTOCAP:DOGE ) price experienced a significant decline of nearly 15% following the recent market downturn of cryptocurrencies, particularly Bitcoin. However, the cryptocurrency market remains optimistic ahead of the anticipated CRYPTOCAP:BTC halving, and the correction may provide traders with an opportunity to get CRYPTOCAP:DOGE at a good rate. Despite the market downturn, the Dogecoin ( CRYPTOCAP:DOGE ) price is still above a crucial support level marked by an ascending trendline. This support threshold has previously presented a notable buying opportunity twice before and could potentially serve as a jumping-off point for CRYPTOCAP:DOGE , especially with the presence of a hammer candle. A hammer candle is a bullish reversal pattern that appears when an asset's price has been falling, indicating that the market is attempting to determine a bottom with sellers capitalizing and buyers starting to step in and push the price back up. This pattern, accentuated by the Relative Strength Index (RSI) of 40.30, supports the bullish thesis. Furthermore, if the Bitcoin price shows strength, more buy orders may be encouraged, leading to the Dogecoin ( CRYPTOCAP:DOGE ) price reclaiming the $0.2287 local top. However, to reach this price point, the Dogecoin ( CRYPTOCAP:DOGE ) price must decisively reclaim the $0.2100 threshold. On the other hand, if selling pressure increases, the Dogecoin ( CRYPTOCAP:DOGE ) price may slip below $0.1606, thereby negating the bullish thesis and increasing the odds of further downside, potentially as low as the $0.1283 support, which would indicate a 25% drop below current levels.
by DEXWireNews
HOOD EARNINGS CHART, THE LITTLE FEATHER THAT COULDHood potential earnings chart. I labeled the important stuff within the chart. There is a big trend line that I don't think will hit because it takes price down to $3, which I guess is theoretically possible. I think 8.45 is a more real price and if that price hits, it seems the price can get up to $13. It can also go the other way, upside first to $13. I drew a small guideline for a potential path, but there are many, focus on the price targets and trends. And again, 8.45 is a really strong price support target. Good luck.
NASDAQ:HOODLong
by nicktussing77
Alikze »» 1000SATS | Ready to defeat the dynamic trigger💎 SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals to 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times of SATS. 💎 Meme Coin Satoshi has made a modification in the three-wave wide format, which according to the type of structure, if the dynamic trigger is broken and the green box area is maintained, it can touch the specified areas. 🔔 If it breaks the green box, it can continue the correction until the liquidity zone. Therefore, considering that in the green box area, good volumes of candles have been recorded, the green box area is a strong support area that must be maintained to continue the path. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
3
LTCN About To Print MillionairesHello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far. So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there. This is just my opinion, none of this should be considered financial advice in any way.
OTC:LTCNLong
by Bitgolder
32
DOGE Premium SigmalHey, folks, three days ago I gave you an entry idea. But today, I saw that the moderator blocked my signal for violating advertising rules. But you know what? I'm sharing this trading pair with you again. Our entry into the position is golden! We're already in profit, so we're moving our stop loss to break even. I know one of the market maker groups that pumped Doge from 0.7 to 0.21 has already exited their position, and another group has fully bought back in and is ready to hold Doge until the next targets! Have a great day, and please show more support for my analysis! 🚀🐕
Long
by HedonistTrade
GPT 🐕💥 DOGE's Wedge Edge: Correction on the Horizon? 📉🔮The current price of Dogecoin (DOGE/USD) is $0.1927. 💲 Analyzing the daily chart, Dogecoin is forming a rising wedge pattern 📈, which is often considered a bearish chart pattern 📉. This pattern suggests that while the price is currently trending upward, a potential reversal and downward correction might be on the horizon 🔮. The convergence of the trend lines indicates that volatility is decreasing and a breakout is typically expected 💥. Given the current market sentiment and the technical pattern observed, a conservative approach would suggest a potential correction to the nearest Fibonacci retracement level, which might serve as a support 🛑. Based on the chart, if a bearish reversal from the wedge occurs, the price may correct towards the 0.236 Fibonacci level at approximately $0.12253 or potentially lower, depending on the strength of the breakout and market dynamics 📊. It's crucial to watch for a definitive breakout from the wedge to confirm this potential move 🔍. Keep in mind that the cryptocurrency market is highly volatile, and external factors can greatly influence price movements 🌪️. Remember, this is not financial advice but a technical analysis based on the current chart patterns 🧠.
Short
by Shibunacci
DOGE → The realization of the breakdown could give us 50-70%BINANCE:DOGEUSDT is attempting to break through the correction in order to continue the uptrend. On W1 the price enters a new channel and opens a new potential. On D1 a reversal pattern is forming with the subsequent formation of a pre-breakout formation. The market is buying back the fall in a few days and preparing for realization. This generally indicates a high interest in the coin. On W1 DOGE enters a new channel 0.16 - 0.34, which in general opens a huge potential for the meme coin in the medium and long term. On H4, the price breaks the bearish channel resistance (correction channel). A consolidation above the resistance and a retest of the 0.1800 area is being formed. A breakout of this line will open the potential for the coin and also confirm the end of the correction. Resistance levels: 0.1800, 0.20637 Support levels: 0.16900, 0.14528 I expect the realization of the breakout of resistance with the subsequent distribution of the price to the specified targets Regards R. Linda!
Long
by RLinda
13
Dogecoin Surges 7.5% on Saturday, Up by 4.19% Monday Morning On April 6, the cryptocurrency Dogecoin ( CRYPTOCAP:DOGE ) demonstrated a noteworthy surge, outperforming the broader cryptocurrency market with a 7.5% increase in its price to $0.186, up by 4.15% Monday morning now trading at $0.207 as at the time of writing compared to the market's overall gain of 1.71%. This price rally highlights a bullish trend among top meme coins, reflecting a growing appetite for risk among traders. Memecoins, known for their speculative nature due to their minimal underlying value, are considered high-risk investments within the cryptocurrency sector. This sets them in stark contrast to traditional safe-haven assets. Against this backdrop, the U.S. dollar is facing a decline in value against a basket of leading foreign currencies. The U.S. Dollar Index (DXY) highlights a negative correlation between Dogecoin ( CRYPTOCAP:DOGE ) and the dollar, indicating that the weakening dollar is temporarily enhancing the attractiveness of riskier investments like meme coins on April 6. Whale Alert noted significant trading activity, reporting an anonymous wallet acquiring 199.27 million CRYPTOCAP:DOGE in two transactions from Robinhood, totaling approximately $35.45 million. This substantial investment garnered significant attention, contributing to Dogecoin's price increase. Despite this, a decrease in Dogecoin whales - those holding large amounts of the coin - suggests a possible overvaluation of these transactions' market impact. Simultaneously, Dogecoin's market dynamics reveal a decline in open interest (OI) and funding rates for its perpetual contracts. From a peak of $2.21 billion on March 29, the OI dropped to $1.38 billion by April 6, indicating a potential reduction in trader engagement for various reasons, such as profit-taking or exposure reduction. The funding rate also saw a decrease to 0.0172% from a recent high of 0.106% on April 1, hinting at a lower inclination among traders to maintain long positions. This scenario, where reduced selling pressure accompanies a price increase due to traders closing their short positions, is evident in Dogecoin's market. Technically, Dogecoin ( CRYPTOCAP:DOGE ) is in an Ascending Triangle pattern with the daily price chart candle sticks indicating the "Three white soldiers" pattern indicating DOGE coin's Bullish streak. Further ascertaining DOGE's bullish momentum, is the Relative Strength Index (RSI) which sits at 60.
Long
by DEXWireNews
SHPINGHello, here i present to you my analysis on SHPING Token. This token is available on Coinbase and other top exchanges. First and foremost, this is not financial advise. All financial decisions are your sole responsibility. This is simply and analysis and opinion. My analysis is displayed on a 3 day time frame chart. As you can see Shping has broken an almost 2 year old trend line (in blue). It can be interpreted as a descending wedge pattern, as price action moves in a way where it reaches an inflection point and the price action is compressed into a tight trading range. This technical pattern is usually followed by an explosive move to the upside. For the past 4 mnths price action has gone flat between the levels of 0.006 ( in white) and 0.004 right bellow (in gold). Thus the 0.004 area can be seen as a high interest level since it has been support and resistance for many months. This has resulted in an inverted Head and Shoulders formation which you can see highlighted in white. What we want to see now, and what i expect, is for price to begin making higher highs and higher lows. This would validate that bulls are now in control and that price will appreciate in the future. Once price breaks and holds above 0.006, we can see impulsive moves to the upside. The RSI in yellow looks to indicate higher highs. The MACD illustrates the same while also showing higher lows in price. This hidden bullish momentum. SHPING could be a winner. 10M market cap currently.
COINBASE:SHPINGUSDLong
by OroBoros777
8
Unleash the DOGETechnicals: CRYPTOCAP:DOGE has broke through a Major Support of $16 and looking to fetch higher towards all time highs The Dogecoin community remains active and engaged, with numerous developments and initiatives that could potentially drive the coin's value higher. For example, there have been discussions about the potential implementation of Dogecoin payments on X (twitter), a social media platform owned by Elon Musk. Such developments could increase the utility and adoption of Dogecoin, leading to a surge in its price.
CRYPTO:DOGEUSDLong
by EgideSimba
2
DOGE Eyes Key LevelDogecoin is currently priced at $0.1757, showing a downward movement on the 4-hour chart. The price is close to what might be a strong support level, a price where Dogecoin has previously found a steady footing. If the price can hold at this level, it might be a good sign for Dogecoin, potentially leading to a rebound. However, if the price falls below this point, it could indicate that Dogecoin might see further drops. The technical indicators are suggesting that the price is leaning toward the lower side for now. The MACD, an indicator that helps show the momentum and trend of the price, is below the signal line, which generally means the price is currently on a downward trend. The Stochastic Oscillator is very low, which typically suggests that the price might start to go up again, as it may be considered undervalued at this point. Lastly, the RSI, another momentum indicator, is also quite low, supporting the possibility of an upcoming increase in price if buyers step in. In simple terms, Dogecoin is at a point where it might start to pick up again if it keeps above the current support level. Traders might be watching to see if it can stay above this level or if it will drop further. The coming days will be crucial to determine which way it will go. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
DOGE MADE DRAGON PATTERN ??DOGE has demonstrated interesting behavior on the 4-hour and 1-hour timeframes, indicating the possibility of further growth. 4-hour timeframe: Retest of the maximum volume zone: DOGE successfully retested the zone where the highest volume of horizontal trading was observed. This indicates that this level is an important support/resistance level, and its breakout can lead to a significant price movement. 1-hour timeframe: Dragon Pattern: The 1-hour chart clearly shows the Dragon pattern. This pattern is characterized by the formation of a "head," a "bottom point," and a "tail," after which the price rises sharply. Lower low and liquidity grab: DOGE formed a lower low, capturing liquidity from traders who expected a further decline. Sharp pump: After forming the lower low, DOGE made a sharp pump, confirming the Dragon pattern's completion. Conclusion: The combination of the retest of the maximum volume zone on the 4-hour timeframe and the Dragon pattern on the 1-hour chart indicates that DOGE has the potential for further growth.
Long
by Yaroslav_Krasko