Dogecoin Surges in Volume, Breaking Resistance: What's Next?Dogecoin (DOGE), the beloved meme-inspired cryptocurrency, has recently made headlines with a significant surge in trading volume. This surge has propelled it above the current uptrend resistance level from its recent lows, marking a potentially bullish turn of events for the quirky coin.
Breaking Out of the Channel
The recent uptick in trading activity has seen Dogecoin break out of its established channel, a move that has caught the attention of traders and analysts alike. Breaking free from this channel suggests a departure from previous price trends and opens the door to new possibilities for Dogecoin's price action.
The Bull Pennant Formation
As Dogecoin charts its course following the surge in volume, all eyes are now on the formation of a potential bull pennant. A bull pennant, characterized by a period of consolidation within a triangle pattern, could signify a period of temporary stability before another potential price breakout.
Potential Scenarios
While the current setup for Dogecoin appears promising, it's essential to consider potential outcomes. If Dogecoin successfully forms a tight bull pennant within the drawn triangle on the chart, it could signal further bullish momentum. However, failure to create this pennant, coupled with support failure, may lead to a retest of the 10 - 11 cents range, where uptrend major support lies.
Looking for Buying Opportunities
For traders and investors, a retest of the 10 - 11 cents range could present a significant buying opportunity. This level not only represents a critical support level within the current uptrend but also aligns with historical price action, making it an attractive entry point for those bullish on Dogecoin's prospects.
Cautious Optimism
While the recent surge in volume and breakout from the uptrend resistance level are encouraging signs for Dogecoin, it's essential to maintain a level of caution. Dogecoin is still trading under major resistance levels, and it's premature to assume the beginning of a full-fledged bull run.
Conclusion
Dogecoin's recent surge in volume and breakout from the uptrend resistance level have captured the attention of the crypto community. With the potential formation of a bull pennant and critical support levels to watch, the stage is set for an intriguing chapter in Dogecoin's journey. Traders and investors should remain vigilant, keeping a close eye on price developments and potential buying opportunities as the story of Dogecoin continues to unfold.
DOGEBTC
DOGE MOON Vs ETH MOON MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
DOGE broke out very big from my last video , its not too late to get on board . It will have a nice move in very near future but watch the video to find out when it can moon . Very important information
It has very good structure and price action Similar to Ethereum last bull market
its a moon structure
Please watch the video for more information
have a great weekend
BTC vs DOGELooking at a pretty good disharmony in the RSI on the 15 between DOGE (every ones favorite coin of unconditional love) and BTC… now subject tied to teh us stock market and hte federal reserve, and facing potentially massive fluctuations as that linking up takes place. The greed plays will be powerful, spiking price down to rebuy.
The prophecy says that DOGE will survive the volatility if we all hold tight.
Lets Go Doge Fam!!!
Follow along to see more of my analysis… it’s a work of art!
DOGE TRADE 📊Analysis by AhmadArz:
🔍Entry: 0.1241
🛑Stop Loss: 0.1217
🎯Take Profit: 0.1273 - 0.1314
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
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DOGE vs BTC !!hello!
This is a favorite chart! It shows just how powerful DOGE’s runs can be! It also shows that we are in position ofr a run according to a few relevant harmonic patterns overvalued here.
Also a ew showing a stabilization period where the pair move together for a while, before the next DOGE coin level-up.
(Don’t miss that!)
Go Doge Go!
DOGE Long limit setupFinally after some days DOGE hit my tp, and i expect a continuation for this bullish momentum. I am waiting a retrace before opening a new trade, and i identified 0.0935 as a good level to try a new long entry. It's a good support zone on H4 and H1 timeframe, and my target is the main resistance zone at 0.105
DOGEBTC -Is April 20 significant?Hello!
Today’s homework, this green trace, interestingly landed on a take off point of 4/20.
Doge coin has many times exhibited unique behavior on favorite number sequences. 420 for the stoners has been Botha. Date, time, and price of interest on our journey. 69 has been popular also.
Anyhow… that could be an interesting date for a decoupling from BTC.
DOGE Dogecoin Price TargetIf you haven`t sold DOGE after the bull run:
nor reentered on the Double Bottom:
Then you need to know that it potentially has a significant upcoming catalyst!
The recent launch of XPayments has generated excitement around $DOGE.
There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X.
The unveiling of a new payments account by X opens up the possibility of Dogecoin becoming a payment option.
The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE.
If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀
I am optimistic about Dogecoin's potential to achieve a new all-time high!
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My short term Price Target for DOGE Dogecoin is the next resistance, $0.11, or even the next one, $0.145.
DOGE Dogecoin and the XPayments integration!If you haven`t bought the dip on DOGE here:
Then you need to know that it potentially has a significant upcoming catalyst!
The recent launch of XPayments has generated excitement around $DOGE.
There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X.
The unveiling of a new payments account by X opens up the possibility of #Dogecoin becoming a payment option.
The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE.
If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀
I am optimistic about Dogecoin's potential to achieve a new all-time high!
Looking at the chart, it seems that DOGE has reached the institutional support of the 0.618 Fibonacci retracement level, from which I expect to see at least a technical rebound soon.
My next price target is $0.11!
Located in the mid- to long-term buying zoneHello traders!
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(DOGEUSDT chart)
(1M charts)
The key is whether it can receive support near the MS-Signal indicator and rise above the HA-High indicator.
(1W chart)
The 1W chart's HA-High indicator (0.07922) and the 1W chart's HA-Low indicator (0.08072) are close.
Accordingly, from a mid- to long-term perspective, we can see that the current price position corresponds to a buying time.
(1D chart)
Accordingly, if support is confirmed in the 0.07922-0.08266 range, it is time to start split buying.
If it rises above the 0.09295-0.09684 range, a rapid upward trend is expected.
Therefore, if it falls below 0.07922, you should stop buying and watch the situation.
If it is supported and rises around 0.06807-0.07296, buying is possible, but the 0.07922-0.08266 range is likely to be the first resistance range.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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When is Dodge Party?After breaking out of the TL line, Dogecoin now reached a support and reacted.
It is expected to move towards the upper SUPPLY and then reject towards the lower FLIP range and then move upwards.
Dogecoin previously pulled back to this level with candles, but we need a wave pullback to this level. We enter the buy/long position when the candles reach the flip level
Fixing a daily candle below the green range will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DOGE can crash by a 64%. Here is whyDoge can crash by a 64%. Why? Because we have a descending triangle on the weekly chart, which is a bearish pattern. Also, how much % profit DOGE made in 2023? 0%. DOGE is going sideways. Do not get me wrong, I believe in future on DOGE, but investors are disappointed compared to other coins. I think we can buy cheap doge in 2024 / 2025. Then to the moon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Low Risk Doge Long TrialConsidering that other cryptocurrencies have experienced some price fluctuations, I still anticipate further potential for growth in DOGE coin. However, with New Year's Eve approaching, I plan to adopt a cautious approach by implementing a stop loss. It's worth noting that DOGE may trigger the stop loss and then continue its upward trend, so I'll leave some flexibility in my position to either close it or let it ride. It's essential for everyone to establish their own risk management strategy, so make your decisions thoughtfully.
This is my trial. Not a financial advice.
Say bye bye to Doge soon - long!Doge on weekly time frame - Attention - not a financial advice.
I can almost smell something...a big move is on it's way?
If you believe in the future of X and Dogecoin....
It's time to DCA into Doge. Remove all the noice and look at the weekly timeframe.
I don't think we will see a much cheaper Doge - before it moves! The market isn't that simple!
There are two scenarios (DOGE)
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📈There are two scenarios to enter, if the resistance area fails, I will buy and if it does not fail, I will sell.
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
DOGE Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the DOGE symbol.
The structure of Dogecoin is bullish. It can climb by maintaining the green area.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Doge Hits 4-Month High! Join the Excitement and Trade Now! The Doge community is buzzing with excitement as our favorite meme-inspired coin continues to defy expectations. This recent surge in value presents an incredible opportunity for traders like you to jump on board and make the most of this upward trend. 🚀
Now, you might be wondering, "Why should I trade Doge?" Well, let me tell you why! Doge has proven time and again that it's more than just a meme. With its growing popularity and widespread acceptance, Doge has become a force to be reckoned with in the crypto market. Its strong community, coupled with the recent surge, makes it an ideal choice for traders looking to capitalize on the momentum and potentially reap substantial profits. 💰
So, here's your call-to-action: Don't miss out on this incredible opportunity to trade Doge and ride the wave of success! Whether you're an experienced trader or just starting, now is the perfect time to get involved and make your mark in the crypto world. 🌍📈
To help you get started, I recommend checking out our user-friendly trading platform, which offers a seamless trading experience with real-time market data, advanced charting tools, and a wide range of trading options. Our platform is designed to make trading easy and accessible for everyone, so you can focus on making informed decisions and maximizing your profits. 📊💪
Remember, the key to successful trading lies in staying ahead of the game and seizing opportunities when they arise. With Doge hitting a 4-month high, the time is now! Join the Doge community and let's make the most of this exciting journey together. 🐶💫
Happy trading and may the Doge be with you! 🚀🌕
DOGE may fallWe have a structural weakness and the structure seems downward.
On the CH chart, we have a bearish trend and a resistance range. If Doh fails to break through this level, there will be a deep drop to TP.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You