Dogecoin’s journey to $0.07 reignited as price jumps. What next?

2022-10-6 23:59

Dogecoin sends mixed signals amid the latest market recovery The cryptocurrency gained 6% on Wednesday amid high social interest DOGE looks set to reclaim the $0.07 level after intraday gains of 6%

Dogecoin DOGE/USD continues to send mixed signals despite recent recoveries. A bull signal was after breaking above a short-term descending trendline that sent the meme token to $0.068. The ascend was quickly followed by a bearish pin bar below the crucial resistance.

Typically, pin bars communicate price rejection. A bearish pin bar will be characterised by a long wick on the upper side and a small body. It occurs when the price closes significantly lower than the open. That’s exactly what happened to DOGE, as the price hit $0.068. The formation of a bearish pin bar pushed the price down to $0.060.

However, on Wednesday, DOGE rose by 6%, recovering from the $0.060 bottom. LunarCrush ranked the cryptocurrency in the first position by social interest. That came as Elon Musk hinted at proceeding with the Twitter acquisition. Investors have been speculating that the “Doge father” will allow the meme token as payment.

Dogecoin price outlook amid ongoing correction

Source – TradingView

Keeping the breakout on the descending trendline in mind, DOGE should be considered bullish. The proposition arises because the meme token is yet to break below the key support at $0.060. 

Besides, following renewed strengths, DOGE bulls have overcome a slide below the support. The formation of a long bullish bar at the level shows a strong buyer interest, a bull catalyst.

Concluding thoughts

Buyers may take control of DOGE to the $0.07 resistance. Musk news is a key bull trigger that could sustain DOGE to the key level. Investors should consider buying on a potential retracement.

The post Dogecoin’s journey to $0.07 reignited as price jumps. What next? appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.4073 (+0.76%)
Объем 24H $9.581b
Изменеия 24h: -1.34 %, 7d: 5.15 %
Cегодня L: $0.3969 - H: $0.4254
Капитализация $59.896b Rank 7
Цена в час новости $ 0.0659059 (518%)

dogecoin jumps price journey reignited gained coinjournal

Источник: coinjournal.net

dogecoin jumps → Результатов: 35


Time To Cash In? SHIB Soars 40% And Snatches DOGE Position In Top 10

Switching positions in the crypto top 10 during the past 24 hours, Shiba Inu (SHIB) has finally taken Dogecoin (DOGE) position as one of the largest cryptocurrencies by market cap. Related Reading | Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors As of press time, SHIB trades at $ 0,000068 with a 44% and 144% rally in the daily and weekly charts, respectively.

2021-10-28 21:44


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin market cap crosses $62B – Will DOGE see more gains?

DOGE has seen more active addresses in the last 30 days. It remains the biggest memecoin by market capitalization. Dogecoin [DOGE] has crossed an impressive milestone, surpassing a $62 billiThe post Dogecoin market cap crosses $62B – Will DOGE see more gains? appeared first on AMBCrypto.

New Price Targets and an ETF for Dogecoin?

In the unpredictable realm of cryptocurrency, Dogecoin has always played the part of the court jester—a digital coin born from a joke, fueled by internet culture, and catapulted to fame by the eccentric musings of the world’s wealthiest meme enthusiast, Elon Musk.

Why Dogecoin might pullback despite bullish signals

DOGE closed November with a near 170% surge, riding the wave of Bitcoin’s volatility.  If Dogecoin can continue to counter bearish pressures, a similar pattern could unfold. Dogecoin [DOGThe post Why Dogecoin might pullback despite bullish signals appeared first on AMBCrypto.

How Dogecoin whales can spur a 28% rally on the price charts

Dogecoin's Open Interest (OI) surged by 15%, indicating traders' belief and confidence in the memecoin Whales’ large transaction volume jumped by 41% too Dogecoin (DOGE), the world’s larThe post How Dogecoin whales can spur a 28% rally on the price charts appeared first on AMBCrypto.

Is Dogecoin's price tracing its pattern from 2017 and 2020 again?

DOGE’s trading volume and network activity declined significantly A bullish pattern appeared on the memecoin’s daily chart too  After a week of price drops, Dogecoin [DOGE] once again gThe post Is Dogecoin's price tracing its pattern from 2017 and 2020 again? appeared first on AMBCrypto.

Dogecoin poised for a price shift? Whale moves spark speculation

Whale activity and technical indicators hint at a potential bullish move for Dogecoin. Rising active addresses and a slight bullish market sentiment support an upward price shift. Massive 80The post Dogecoin poised for a price shift? Whale moves spark speculation appeared first on AMBCrypto.