Dogecoin (DOGE) price consolidation points at a major rally – What you need to know

Dogecoin (DOGE) price consolidation points at a major rally – What you need to know
фото показано с : coinjournal.net

2022-4-6 23:38

Dogecoin (DOGE) has done very well to pair up some of the losses it suffered this year. But even though we have seen this strong uptrend slow a bit over the last few days, DOGE appears to be consolidating around a crucial demand zone. Here are the details:

DOGE’s price action has been bouncing off between the $0.127 and $0.137 demand zone.

This consolidation could provide a potential upswing of nearly 35% in the near term.

But the meme coin will need to hold above $0.127 for this to happen.

Data Source: TradingVIEW 

Dogecoin (DOGE) – What to expect next

After consolidating between $0.127 and $0.137, it seems like DOGE is ready for an upward rally. The coin is already on a strong uptrend, and it is likely that it will try to test $0.2 in the near term. This will deliver gains of nearly 40%.

Also, the meme coin appears to be enjoying a very prolonged bull run. Although there has been a bit of volatility here and there, since the start of March, DOGE has gained around 50%. We expect this trend to maintain.

Nonetheless, the challenge for bulls right now will be to maintain the $0.127 support. So far, it seems this will be done quite easily unless something big happens in the market. We also believe that any upswing is capped at $0.2. When DOGE hits that price, it will pull back as bulls take profit.

Should you consider DOGE now?

Dogecoin (DOGE) is currently trading within an important demand zone. If you wanted to buy it, this would be the time. But a short-term strategy is less risky.

In fact, anyone buying will need to look at $0.2 as the last exit point. For investors who want to hold DOGE for longer, no need to worry. You can still buy now and forget for a while.

The post Dogecoin (DOGE) price consolidation points at a major rally – What you need to know appeared first on Coin Journal.

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Dogecoin (DOGE) на Currencies.ru

$ 0.3368 (-0.09%)
Объем 24H $1.579b
Изменеия 24h: 0.80 %, 7d: -6.40 %
Cегодня L: $0.3259 - H: $0.3403
Капитализация $49.791b Rank 8
Цена в час новости $ 0.1697 (98.47%)

dogecoin doge know need rally consolidation points

Источник: coinjournal.net

dogecoin doge → Результатов: 126


Фото:

Dogecoin готовится к росту? Илон Маск заявил, что пора использовать DOGE по-крупному

Назначение Маска в новый департамент 2024 год стал прорывным для Dogecoin (DOGE). Мем-коин обновил трехлетний максимум, а также стал символом новой инициативы избранного президента США Дональда Трампа — Департамента правительственной эффективности (D.

2024-12-30 15:19


Илон Маск вновь пропампил Dogecoin

Всего одним твитом Илон Маск снова взбудоражил комьюнити Dogecoin. За 24 часа мемкоин DOGE взлетел уже более чем на 14% и, возможно, не остановится в ближайшее время. Разбираемся, что происходит с курсом Dogecoin (DOGE) и ждать ли от мемкоина обновления локальных максимумов.

2024-10-30 19:11


Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon

Dogecoin’s $DOGE spent most of August in a narrow $0.10 channel, but in the last week, a breakout was attempted, and it rose by 8.5% to a $0.114 peak.  Yesterday, Twitter analyst Ali Charts told and shared a chart with his 70k followers that Dogecoin’s price shows a bullish divergence against the Relative Strength Indicator […] The post Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon appeared first on CaptainAltcoin.

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