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DOGE Forms Bull Pennant After 80% Push, Will Bears Allow $0.36?-DOGE has fallen nearly -10% the past week -Price has formed a bull pennant -70MA has acted as support for nearly a month 
Doge Coin has been overall silent over the last month as many coins have went parabolic. The meme hype has surely died down over the last few months and so have the many Doge Coin influencers. Many are questioning why DOGE is not back above $0.40 at minimum, as DOGEs ATH was in the mid $0.70s. Overall, a good reasoning as to why DOGE has not experienced a strong surge compared to others is because of how much it has already risen the past year and a half. Since the bottom in March of 2020, DOGE is still up nearly 25,000%. With that being said, it does not mean it can’t go higher. If bulls manage the bullish breakout of the pennant, another leg up will occur. Ever since DOGE broke above $0.25, it has been holding a bottom trend line. This trend line is nearly 3 weeks old & price has yet to break below. This trend has also formed the bottom part of the bull pennant, which is shown in light blue. DOGE is nearing the peak of this triangle & a breakout will soon occur. If bulls manage to break to the upside, they must also break & hold the major resistance mark of $0.327-$0.338. If this is deemed successful, DOGE has a free sky for a push to $0.36-$0.38. Most of the time a bull pennant forms, it has an 80% accuracy rate of breaking to the upside. In the case that bulls fail to break to the upside & break below the bottom of the pennant, we should expect a drop to $0.296 to occur. Before this can happen, bears must push DOGE below the 70MA which has held price up ever since the start of August. If price breaks below the mid term trend along with this MA, a downtrend is likely to occur. Support will be found at $0.296, $0.281 and $0.265. While looking at the Stochastic RSI, we can see its been swinging right around the middle value of 50. This shows a breakout is soon to occur as bulls & bears are fighting for strength. The regular RSI also confirms this view as a pennant formation has shown over the last week. Once strength breaks to either side, price will be right along with it. DOGE Intraday Analysis Spot rate: $0.317 Trend: Bullish Volatility: Low Support: $0.313 Resistance: $0.327
by CoinGape
3
DOGE-USD possible targets (Update)This is an update from a previous post👇 because we seem to be gaining support above 30 cents again. I do not own the rights to meme image above. Let's see and always remember ⏬⏬ 🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much!!!! Jazerbay ⭐
BINANCE:DOGEUSD
by jazerbay
26
Dogecoin analysis, Bulls taking controlHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Dogecoin has rallied yesterday and rose over 18%, the coin price has jumped from 0.20360372 to 0.24541493 in one day alone. The market price has broken the first resistance line at 0.22954000 and closed above it which gives us a small confirmation of a reversal in the bearish market state. we could be looking at 2 different scenarios for the coin movement in the next few days. Scenario 1 : The last movement of the market price showed that the buyers are ready to make a move, the price most likely will keep going up reaching the second resistance line at 0.25165000, when that happens we will see a battle for control between the bears and the bulls, if the bulls were able to keep that control then the price will most likely keep going up until hitting the 3rd resistance line at 0.27038000. Scenario 2 : The Bulls took sudden control of the coin price as we see in the last day the price rose more than 18%, the bears most likely won't be standing by they will try to win control again and if that would happen then we could be seeing the price dropping down and hitting the first support line which was resistance before this movement at 0.22954000 and that's where the battle will take place over control of the market, the Bulls will make their move and the price will go back up again and continue just like in the first scenario. but if the bears were able to hold control then we could be seeing the market going back to a bearish state and dropping even more. technical indicators showing different signs where we see that : 1) The market price is moving above the 5 10 20 50 200 MA and EMA (Bullish sign) 2) The MACD is still below the 0 line which shows that the market is still in a bearish state, but the current momentum looks to be Bullish and could bring the MACD above the 0 line, A positive crossover is between the MACD line and the Signal line (bullish sign) 3) The RSI at 66.16 showing great strength in the market, and the overbought zone hasn't been reached yet. no divergences were found between the Market and the Indicator. Support & Resistance points : support Resistance 1) 0.22954000 1) 0.22954000 2) 0.18870000 2) 0.25165000 3) 0.16997000 3) 0.27038000 Fundamental point of view : Dogecoin has a way of attracting major brands to the project. First it was consumer products brand AXE, which created a limited supply of physical Dogecans. Nows Oscar Mayer, which is known for its hot dogs, among other food products, is jumping into the meme-coin fray. The American brand has announced a “limited-edition pack of Hot Doge Wieners that comes with the cash value of 10,000 Dogecoins.” This converts to approximately USD 2K if the Doge price can make its way back up to USD 0.20. The supply is limited as the company only made one pack. In order to be eligible, participants must bid on the auction platform eBay, where the starting bid was USD 0.99. The response was so immense that while the Dogecoin community might not have broken the internet, they did break the eBay link. According to reports, the bidding has shot up to more than USD 3,400. There is still time for more people to join the auction for the Hot Doge Wieners, as the promotion won’t end until Aug. 7 — if they can get the eBay link working again. Doge investors were quick to welcome Oscar Mayer to the meme-coin family. The more that mainstream brands embrace cryptocurrencies such as Dogecoin, the greater the chance for wide-scale adoption. The excitement has yet to spill over to the Dogecoin price, however. Doge is currently trading below the psychologically sensitive USD 0.20 level and is down 2% in the last 24-hour period. According to FXEpmire This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITTREX:DOGEUSDLong
by GabiDahduh
Here we go boys!!!I've been watching Dogecoin very closely since its abnormal spiking at the beginning of this year, as well as Bitcoin and the rest of the coins. I noticed how Dogecoin has been pretty much following Bitcoin from 2010 after it rose to $0.08 at the beginning of the year. I said it would go to ~$0.40 about halfway through April using this, and perhaps a little higher for extrapolative reasons, two and a half months before it did so; quite mind blowing if I may say so, especially while watching it happen, and now we enter the time zone for $1 or higher!
BITTREX:DOGEUSDLong
by Elijah144
11