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DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down. It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
by cryptechcapital
3
FLOKI | Meme Season Coming?Shiba killer is back? Recent Binance news indicates that the U.S. arm of the world's largest exchange, is all set to list the popular memecoin Floki Days after recognizing Shiba Inu’s full potential as a result of an internal review and its subsequent delisting from the Binance’s experimental “innovation zone”, the U.S. arm of the world’s largest crypto exchange announced that it will offer Floki, another flagship cryptocurrency from the memecoin genre. On Monday, April 24, the California-based Binance exchange notified its millions of users about the upcoming Floki listing which would initially be paired with both USD and USDT support. The trading for the token is said to go live tomorrow, April 25, 2023 at 5 a.m. PDT / 8 a.m. EDT. However, according to the announcement, the deposit function for FLOKI tokens are currently enabled for users to fund their crypto accounts. Binance has created seven new liquidity pools for crypto including Bitcoin, Shiba Inu, and Dogecoin in response to the growing demand for such cryptocurrencies. Moreover, emerging memecoins like Bone ShibaSwap (BONE), ArbDoge AI (AIDOGE) pumped more than 10% on news of a major exchange listing today. As a direct consequence of this, many in the crypto community are speculating of an impending memecoin rally where market participants anticipate higher retail engagement as an increasing number of exchanges provide support for these altcoins. However, such price movements are heavily dependent on Bitcoin and a further decline from its current levels of FWB:27K would turn out to be devastating for the larger crypto market.
by moonypto
27
Quickpost:Doge Bitcoin Flagpole over 600% gainsIts a pretty simple idea. DogeBTC has found support on the 100 month Simple moving average and is currently nailing in a higher low. Not by much though. A zoom in also shows a downtrend resistance line has been broken and after a wee pull back of a couple of weeks price is resuming upward. This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get. The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts. I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
Long
by This_Guhy
9
Doge Jump 7% as Musk Touts “D.O.G.E” at Trump’s CampaignIn a surprising twist, Dogecoin ( CRYPTOCAP:DOGE ) surged 7% late Thursday, crossing the 13-cent mark for the first time since late July. The price rally came after Elon Musk introduced his concept for a "Department of Government Efficiency" (D.O.G.E) during a Pennsylvania town hall in support of Donald Trump’s presidential campaign. The proposed department, aiming to streamline government spending, has sparked a wave of speculative trading in Dogecoin, fueled by Musk’s association with the popular meme coin. Musk’s D.O.G.E Proposal: A New Meme to Power Dogecoin? At the town hall, Musk suggested the creation of D.O.G.E as part of Trump’s broader political agenda, a department aimed at making government spending more efficient while reducing bureaucracy. The idea of running government departments with corporate-like incentives caught the attention of the crypto community, leading to a surge in interest in Dogecoin. Musk’s consistent backing of Dogecoin, combined with his growing political influence, has played a significant role in the market’s reaction. Crypto traders are now speculating that a Trump victory in 2024 could lead to more mentions of “D.O.G.E” in government, driving retail attention back to Dogecoin in a big way. Dogecoin’s 7% Price Surge: Fundamentals at Play Dogecoin’s 7% price jump brought its value to over 13 cents, outperforming the broader market. Bitcoin, by comparison, rose just 1% in the same 24-hour period. Over the past week, DOGE has gained more than 22%, making it one of the top-performing major tokens. Several key factors contributed to this rise: 1. Musk’s Influence: Musk’s public support of Dogecoin has always been a catalyst for price movements. From Tesla to SpaceX, Musk’s ventures have regularly featured Dogecoin in some form, further legitimizing it in the eyes of retail investors. 2. Open Interest Surge: Open interest in Dogecoin-denominated futures spiked to over 5 billion tokens, a clear sign that volatility is on the horizon. Higher open interest alongside rising prices indicates that bullish momentum is strengthening. 3. Political Implications: As Musk positions himself as a supporter of Donald Trump’s campaign, some traders believe that a future Trump administration could lend more credence to the D.O.G.E meme, keeping Dogecoin in the spotlight. Technical Analysis: Can DOGE Reach $1? From a technical standpoint, Dogecoin is currently trading within an overbought region, with a Relative Strength Index (RSI) of 78. This suggests that while the recent price surge is impressive, there may be some short-term pullbacks due to profit-taking. However, the longer-term outlook remains optimistic. - Support and Resistance Levels: Dogecoin’s immediate resistance level sits at $0.14, while support is around $0.12. A sustained break above the $0.14 mark could pave the way for Dogecoin to challenge higher levels. - DCA Strategy: Traders looking to capitalize on Dogecoin’s potential should consider a Dollar Cost Averaging (DCA) strategy, buying during dips to mitigate risk. Given the market’s volatility, DCA allows investors to build a position over time, reducing exposure to sudden market corrections. - Dogecoin to $1?: The age-old debate about whether Dogecoin can reach $1 continues to linger. While some analysts point to the fragmentation of liquidity among numerous meme coins as a reason for Dogecoin’s underperformance, others argue that Dogecoin’s familiarity and the paradox of choice could work in its favor. When retail investors are faced with hundreds of new meme coins, many may choose to stick with what they know—Dogecoin ( CRYPTOCAP:DOGE ). The Road Ahead: Memecoins and the Retail Investor One of the most interesting aspects of the current memecoin market is the sheer number of options available to retail investors. Platforms like Pumpfun and GraFun have enabled the creation of millions of new meme coins, fragmenting liquidity and making it harder for any single coin to dominate. However, this same fragmentation could ultimately work in Dogecoin’s favor. As one prominent trader noted: *"When retail is presented with the option of choosing between a million different meme coins, they’re likely just going to go for the biggest and most familiar one they played with last cycle. DOGE to $1 is a meme until it isn't." The increasing complexity of the memecoin market, combined with Musk’s continued influence, could indeed set the stage for Dogecoin to break past the elusive $1 mark in the future. For now, the best course of action for traders is to remain vigilant, stay informed about market developments, and consider gradual accumulation during dips. Conclusion While Dogecoin’s future is always uncertain, its recent performance shows that it continues to be a major player in the cryptocurrency space. Musk’s influence, combined with the speculative buzz around the D.O.G.E meme, suggests that Dogecoin ( CRYPTOCAP:DOGE ) could continue to surprise traders and investors alike. Whether or not it reaches $1 remains to be seen, but Dogecoin’s ability to rally in the face of both market and political developments is undeniable. As always, traders are advised to manage their risk, take advantage of dips, and keep an eye on the memecoin landscape.
Long
by DEXWireNews
DOGE - Watch These 3 BULLISH SIGNSDOGE has given us THREE very bullish indications: - Successful W-Bottom Pattern in the Daily - Higher lows Doge is also one of few alts that has been gradually making HIGHER HIGHS. This shows that the buyers have been driving the price up constantly. Furthermore, the daily price has reclaimed and CLOSED candles above the 200d moving averages; another strong bullish sign: With the current momentum and buying pressure showing up, it seems likely that DOGE will smash right through the next resistance zone as pointed out. (That is, naturally, IF BTC remains stable over the weekend). _____________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance. Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern . I expect Dogecoin will fall to $0.119(at least/-10%) . Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
DOGEUSD Hit its 1DMA200. Rejection or breakout? Pick your poisonDogecoin (DOGEUSD) hit yesterday its 1D MA200 (orange trend-line) for the first time since July 29. A little before that date on the last High (July 21), the Lower Highs trend-line started, which is currently exactly on the 1D MA200. As a result today's pull-back is so far a double level rejection (1D MA200 and Lower Highs trend-line). As long as it stays intact, there are more probabilities to pull-back towards the 1D MA50 (blue trend-line) again, which held twice this month already (closed all candles above it). In that case, our Target is 0.11000. If on the other hand the 1D MA200 breaks first, we will accept the loss on the short (tight SL anyway) and buy the break-out targeting 0.14380 (Resistance 1). The 1D MACD formed a Bullish Cross on Monday, which favors the bullish break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSD
by TradingShot
2
DOGE & ELON The price of Dogecoin is $0.09 today with a 24hour trading volume of 770 million dollar . This represents a 10% price increase since last week and 22% price increase since last month Musk's tweet offering 1 million Dogecoin to anyone who could prove ownership of an emerald mine has led to gains of 4.9% and who can forget when he changed the Twitter logo to feature the Shiba Inu dog, which caused another 30% pump while Dogecoin's technical structure is bullish, there is a lack of buying pressure behind the coin. traders should be cautious and consider waiting for a break in structure on lower timeframes before seeking to enter short positions. daily active addresses have increased as social media buzzed about Dogecoin, but the 90-day mean coin age has been sliding downward since mid-March. Dogecoin bounced off the moving averages on April 12, as seen from the long tail on the day’s candlestick. The bulls tried to drive the DOGE/USDT pair above the 38.2% Fibonacci retracement level of $0.09 but the bears did not budge. This suggests that the sentiment remains negative and traders are selling on rallies. Buyers must push and sustain the price above $0.09 to indicate that the selling pressure may be reduced. The pair may then ascend to the 61.8% retracement level of $0.10. Usually, a break and close above this level results in a 100% retracement. If that happens, the pair may soar to $0.11.
by moonypto
11
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
DOGE price aims at 20% upswing this month and could reach $0.14The DOGE price triggered a strong rebound from the interim lows at around $0.105 and is heading to test the September highs above $0.127. The token has displayed huge strength and hence is rising in the times when the other memecoins are stuck under extreme bearish influence. A popular crypto analyst, ALI, projects the next price action for the Dogecoin price rally, which appears to have reached the lower support of the multi-year channel. Therefore, the price is expected to consolidate along the support of the channel, which may lead to a healthy ascending trend, which could elevate the levels beyond the $1 milestone. However, the chart suggests it could be the start, as the real target could be a two-digit figure. Recently, data revealed that Dogecoin has the highest number of short-term holders. It suggests that the traders are still not sure of the long-term price action and hence may take out minor profits, which could be not in favour of a consolidated ascending trend. Therefore, the possibility of bearish interference may not be eliminated, as the bulls do not appear to be strong enough for a sustained upswing.
by paul_endeo
btcusd h3 best level to buy/hold tp 75 000 usd🔸Hello traders, today let's review 3 hour price chart for BTCUSD . Currently strong sequence of higher lows in progress so expecting more gains in this market into US elections in November. I recommend to focus on accumulating on dips, bulls maintain control next few weeks. 🔸Previously recommended buying low at/near 60 000 usd. trade made money. 🔸Sequence of higher lows defined by 53 000 / 54 500 / 60 000 / next higher low expecting near 62 000 / 63 000 usd. 🔸Recommended strategy bulls: accumulate on dips / wait for shallow pullback and buy low near 62 000 / 63 000 usd. target is 74 / 75 000 usd into early November. get out before US Elections. good luck. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDLong
by ProjectSyndicate
23
Dogecoin Revival: The Meme Coin Market is Heating Up Again!CRYPTOCAP:DOGE looks really good here. For the first time since the March highs, it seems like there’s life in the market. Many of the new meme coins have been surging extensively, like $ANDY, MYX:TURBO , $POPCAT, and whatever cat or frog coins you can think of. It seems like the time for doggy coins is approaching once again. I’m betting on some of the Solana ecosystem as they tend to go much higher, but it’s always good to have CRYPTOCAP:DOGE as a barometer for anticipating trends. SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:SHIB are also showing similar patterns.
Long
by ZelfTrade
1
DOGEUSD The new Bullish Wave is taking off.Dogecoin just turned bullish today on its 1D technical outlook (RSI = 58.168, MACD = 0.002, ADX = 16.620) after its 1D RSI spent the first 2 weeks of October sideways, forming the bottom. This is a bottom similar with late Aug-Sep and during that time the 1D MA50 held six different 1D candles. The pattern is a Channel Up the past 10 weeks and today's candle has confirmed the start of the new Bullish Wave. We expect at least another +43.58% rise from the bottom (TP = 0.14450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOGEUSDLong
by InvestingScope
5
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
DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons: 1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago. 2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
by Tropnik