Dogecoin Price Analysis: DOGE Looks For Fresh Momentum as 20% Gain Fades

Dogecoin Price Analysis: DOGE Looks For Fresh Momentum as 20% Gain Fades
фото показано с : coinjournal.net

2021-4-29 13:29

DOGE price needs to hold support at $0.29 to retain the upside advantage

Dogecoin’s price history in 2021 shows that a new pump could materialise at any time. It is not something to discount, especially if its most prominent supporter Elon Musk talks about DOGE, which has pumped the coin in the past.

Yesterday, DOGE shot up 20% to trade at highs of $0.34 after the Tesla CEO referenced “Dogefather” in his tweet about an event he will participate in on 8 May.

The Dogefather
SNL May 8

— Elon Musk (@elonmusk) April 28, 2021

Dogecoin (DOGE) is changing hands at around $0.31 as of writing, about 7% up on the day as bulls seek fresh gains. Although the cryptocurrency has lost some of the gains registered on 28 April, the technical outlook suggests another leg up is likely if bulls rebound off support at $0.29.

The cryptocurrency might also benefit from a broader rally in the altcoin market. Several coins are green, with Ethereum up by 4% to currently trade at $2,728, while Cardano has gained 8% as bulls target an upside to $1.50.

Dogecoin price analysis

DOGE/USD is trading above a bullish trend line formed on the 4-hour chart, with support around $0.30.

The cryptocurrency is seeing some downside pressure, probably from profit-taking deals but remains in a bullish zone. The sell-off might take prices to the trend line support, which also offers a horizontal support line at $0.29.

If bulls rebound off the $0.29-$0.30 zone, there’s a likelihood of breaching overhead resistance at $0.34. The next target would be the supply wall near $0.40, above which bulls could target a high of $0.43.

DOGE/USD 4-hour chart. Source: TradingView

Conversely, if bears continue to stand firm amid further losses, primary support lies at the 50 SMA ($0.27) and the 100 SMA ($0.26).

If DOGE price slips below the moving averages, it could continue lower and touch $0.22. A bearish flip from this support zone will invite more sellers and likely accelerate the decline to recent lows of $0.18.

The post Dogecoin Price Analysis: DOGE Looks For Fresh Momentum as 20% Gain Fades appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.1696 (+0.41%)
Объем 24H $4.007b
Изменеия 24h: 6.99 %, 7d: -3.25 %
Cегодня L: $0.1689 - H: $0.1696
Капитализация $24.875b Rank 8
Цена в час новости $ 0.2969 (-42.88%)

dogecoin doge price fades gain momentum fresh

Источник: coinjournal.net

dogecoin doge → Результатов: 126


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.

2024-9-3 09:25


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin price slumps after recent surge: How low could it go?

Dogecoin has continued to see a positive funding rate despite its decline. Price has dropped by almost 5% as of this report. Dogecoin's recent price action has been dramatic, with the populaThe post Dogecoin price slumps after recent surge: How low could it go? appeared first on AMBCrypto.

Dogecoin's latest bullish flag pattern can push DOGE's price to...

Dogecoin’s price appreciated by more than 20% in the last seven days A few market indicators hinted at a correction in the near term Dogecoin [DOGE] defied all odds last week with its imprThe post Dogecoin's latest bullish flag pattern can push DOGE's price to... appeared first on AMBCrypto.

Dogecoin's 22% hike a product of Musk-Trump buzz, but is there more to come?

Dogecoin rallied by 22% amid the Musk-Trump buzz, with 86% of holders in profit and active large transactions On-chain metrics flashed generally bullish signals too Dogecoin's (DOGE) price hThe post Dogecoin's 22% hike a product of Musk-Trump buzz, but is there more to come? appeared first on AMBCrypto.

Crypto price predictions: Popcat, Vantard, Dogecoin

Meme coins have been some of the best-performing cryptocurrencies this year, with Popcat token soaring by over 17,000% from its lowest level this year. Many other similar tokens like Cat in a dogs world, Brett, and Mog Coin soaring by triple digits this year.

Dogecoin’s market dominance hits 1% - Thank you whales, but what's next?

Dogecoin bulls showed up strong as the memecoin demonstrated its dominant position Whales have been accumulating, but exchange flows suggested that profit taking is happening Dogecoin appearThe post Dogecoin’s market dominance hits 1% - Thank you whales, but what's next? appeared first on AMBCrypto.