Dogecoin (DOGE) Wakes Up, Here’s What Tagged The Sleeping Giant and Meme Coin King

2023-11-17 11:45

The original meme cryptocurrency Dogecoin has shown signs of life recently after a prolonged period of lackluster price action. According to analysts, a combination of positive technical and on-chain factors have ignited bullish momentum for DOGE.

Breaking Out of Long Consolidation

As noted by @Cryptoinsightuk, from a technical perspective, Dogecoin has broken out of a massive 2.5 year consolidation pattern. The breakout came with strong bullish volume showing conviction behind the move. @Cryptoinsightuk points to the formation of higher lows and higher highs in DOGE, signaling a potential new uptrend.

Surging On-Chain Volume

Source: Santiment – Start using it today

On the fundamental side, @santimentfeed highlights a recent surge of on-chain transaction volume for Dogecoin. Volume spiked to $665 million, the highest amount seen in three months. Rising on-chain activity indicates growing usage and interest in the sleeping giant DOGE.

Read also:

Why QUBIC’s 10,000% Explosion Outperformed Even Solana’s Meteoric Rise Why is PIVX Coin Pumping? Here Are Reasons Behind the 160% Pump Can the Cronos Rollercoaster Soar to $1.00? After Raising $1.5M, Is This the Next Top 100 Crypto?

Traders Jump on Board

With both technical and on-chain factors turning favorable, traders have jumped on the Dogecoin bandwagon, betting on further upside. @santimentfeed notes a significant amount of long positions being opened for DOGE as confidence builds in the resurgence of the meme coin king. After months of rangebound action, the DOGE appears to finally be stirring awake once more.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Dogecoin (DOGE) Wakes Up, Here’s What Tagged The Sleeping Giant and Meme Coin King appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.3819 (-1.02%)
Объем 24H $8.405b
Изменеия 24h: -2.15 %, 7d: -4.84 %
Cегодня L: $0.3729 - H: $0.3865
Капитализация $56.099b Rank 7
Цена в час новости $ 0.0866701 (340.64%)

dogecoin meme doge according analysts action lackluster

dogecoin meme → Результатов: 126


Mpeppe Mania: Dogecoin Investors Abandon Ship for the Next Big Meme Coin

The world of cryptocurrency is no stranger to rapid shifts in investor sentiment, and recent developments suggest that Dogecoin (DOGE) may be facing a significant challenge. As Mpeppe (MPEPE) continues its meteoric rise, many Dogecoin investors are reconsidering their positions, driven by the allure of what could be the next big meme coin. Dogecoin (DOGE): […]

2024-8-27 20:41


Фото:

Internet Favorite Dogecoin (DOGE) Lands Listing on Crypto Exchange Binance

The cryptocurrency exchange Binance has just revealed that it will be listing Dogecoin (DOGE) with five trading pairs available. Since the announcement, DOGE has jumped around 32 percent in value. Wow, Such Coin The beloved Dogecoin has always been a popular meme within the crypto-verse and has developed an intensely devoted following since.

2019-7-6 15:55


Фото:

What Do XRP And Dogecoin Have In Common?

It sounds like a bad christmas cracker joke (which we are allowed to mention since it’s now October) but what to XRP and Dogecoin have in common? Of course, one is based upon a meme and the other is a very serious blockchain solution designed for the facilitation of financial transactions (but which is which?) however, the pair do have something very interesting in common, they are leading the markets in a very special way.

2018-10-2 20:00