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Dogelong

DOGE holds onto $0.5 key support as recovery loomsDogecoin recently achieved the wish of April’s failed “Doge day” as users and speculators pumped the price to $0.7. The primary mission was to pull DOGE above $1. However, it appears that profit-taking took precedence, adding weight to the overhead pressure. A retreat came into the picture with Dogecoin diving under $0.6. Support seems to have been established at $0.55, and if it is strong enough, the potentially massive correction will be avoided altogether. Dogecoin technical picture flipping bearish The Moving Average Convergence Divergence (MACD) has also started to drop from the recent high of 0.075. As the indicator closes the mean line (0.00) gap, bearish pressure intensifies. Moreover, the MACD line (blue) has crossed beneath the signal line and is currently widening the gap. A more extensive divergence also implies that the sellers’ influence in the market is growing. Simultaneously, the Relative Strength Index (RSI) has been ejected from the overbought area and is fast approaching the midline. The sharp drop reflects the increase in seller dominance. A continued movement toward the oversold could trigger massive losses. Note that support at $0.5 must hold to avert the potential losses and perhaps mark the resumption of the uptrend. Bulls must focus on settling above $0.6 to allow the focus to shift to $0.7 and $1, respectively. Dogecoin intraday levels Spot rate: $0.59 Trend: Bearish Volatility: Low Support: $0.5, the 50 SMA and $0.4 Resistance: $0.7
BINANCE:DOGEUSDLong
by CoinGape
UPDATE💁🏻‍♂️ DOGE/USDT 🚀🌚BINANCE:DOGEUSDT Hi dawgs 👋🏻 Well, It's only my vision about DOGE, I think 1$ is not limit (yes I know we have haters) but, 8 may it's Elon=DOGE day, and please stop talking about 4/20, why all think 4/20 should have been a huge pump, cuz one guy see 4 words and 20 letters in Elon tweet (" everything to the moon! ") and he think is a signal?? are you kidding??😂😂😂 ok we explained this and put an end to it)) Elon specifically said DOGE, 8 May, SNL. Well, THIS IS THE SIGNAL (not 4/20😂). My think about DOGE is: ⚪️ Can DOGE reach 1$ ? 👉🏻 YES it can! ⚪️ Can DOGE reach 3$ ? 👉🏻 YES it can! ⚪️ Can DOGE reach 10$ ? 👉🏻 Maybe YES in next years. ⚪️ Can DOGE reach 100$ 👉🏻 Sorry guys, I belive in DOGE, but it can't. Why? Cuz look at MarketCap, BTC have 18MLN coins (at the moment) and he could, but DOGE.. have 129BLN coins, they don't burn it and mined more and more every year. DOGE to reach 100$ he need to take more than 3Trln$ (think about it), it's practically impossible. To take 100$ and more for one DOGE all crypto market need to sell all coins and buy DOGE, CEO of DOGE need to burn some DOGEs, and after that we can reach 100$. Good idea for CEO of Dogecoin: I think they should take DOGE in their hands again and control a little so they and us can earn, otherwise brokers can simply remove DOGE from the exchanges and you will lose your $. Idea on chart: will reach 1$ after that 3$ after, back to 1$ after, back to 0.30$ (we need it all, rlly) after, we again will grow up to 1$ and more. Good luck Dawgs! High five🙌🏻 and to the moon! 🚀🌚
Long
by UnknownUnicorn13243365
13
Dogecoin price blasts to new highs past $0.64Dogecoin's ongoing rally seems unstoppable after striking new record highs. The meme coin trades above $0.6 at the time of writing. It is up 42% in 24 hours and 119% in the last seven days. The valuation of Dogecoin currently sits at $77 billion. It has outmaneuvered Ripple to become the world's fourth-largest cryptocurrency. Dogecoin is now more valuable than companies like Twitter and Ford. At the time of writing, Dogecoin is exchanging hands at $0.64 after overcoming the resistance at $0.6. Securing support above $0.6 would see the market stabilizing and allowing the bulls to sustain the massive gains. Short-term technical indicators insinuate that Dogecoin is comfortably in the hands of the bulls. For instance, the Moving Average Convergence Divergence (MACD) is unwavering with the movement above the mean line (0.00). Besides, the MACD line's wide gap above the signal line indicates that the DOGE's path with the slightest hurdles is north. The uptrend has also been validated by the Relative Strength Index (RSI), as illustrated on the four-hour chart. Navigating the confluence resistance at $0.6 allowed the trend strength indicator to continue with its upward motion, encouraging more investors to enter the market. Meanwhile, bulls have their focus on $1 and Dogecoin may explode to higher levels as speculation builds. The fear of missing out (FOMO) seems to be the reason why the Dogecoin rally is unstoppable. As mentioned, establishing higher support will secure the uptrend. Dogecoin intraday levels Spot rate: $0.64 Trend: Bullish Volatility: Growing Support: $0.6, $0.5 and $0.4 Resistance: $0.7 and $1
BINANCE:DOGEUSDLong
by CoinGape
1