A Weekly Close Above This Channel Top Will Trigger Massive Buys for Dogecoin (DOGE)

2023-11-3 16:00

The price of Dogecoin (DOGE) has been trading in a descending channel since October 2022, forming support and resistance levels for over a year now. DOGE recently found support around $0.05, which was the last channel’s bottom. Now it faces resistance at around $0.07 at the top of the channel.

According to crypto analyst Rekt Capital, DOGE saw some “buy-the-dip” behavior over the past week which took the price back to the $0.07 resistance level. However, there has been no strong rejection and continued downside for DOGE yet.

Breakout Needs Confirmatory Weekly Close

The most important signal to watch for is a weekly close above the descending channel top, which would confirm a technical breakout for DOGE. A break above the channel resistance could trigger massive buys from traders, pushing the price higher.

DOGE has forged lower lows along the channel bottom over the past year. A breakout above the channel top would show a decisive shift in market structure and upside momentum.

Buyers Looking for Confirmation

It seems DOGE buyers remain interested but are waiting for a confirmed break above $0.07 before entering large positions. The weekly close will give traders added confidence in the breakout’s validity.

Read also:

Top Analyst Reveals Top 3 AI Cryptos with Huge Potentials that He’s Buying in November Top Analyst Sees XRP Exploding to $18.22 – Here’s His Ripple Outlook eTukTuk’s mission towards zero emission paves $TUK token

If DOGE can close the week above $0.07, there is open air above until horizontal resistance around $0.10. A close above the channel could spark a strong rally toward that next overhead resistance level.

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 A Weekly Close Above This Channel Top Will Trigger Massive Buys for Dogecoin (DOGE) appeared first on CaptainAltcoin.

origin »

Multi Channel Influencer Creater Cloud Funding Platform (MCI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -20.70 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 9.75E-5 (-100%)

channel doge support dogecoin levels year resistance

Источник: captainaltcoin.com

channel doge → Результатов: 25


Dogecoin Price Jumps By 23% – Meme Coin Hype Back In Full Swing?

Dogecoin (DOGE) has recently experienced a rollercoaster ride. For over a week, its price struggled to break through the $0. 063 resistance level, leaving investors uncertain about its future.   However, there is a glimmer of hope as DOGE has managed to rebound from the support trendline of a channel pattern, sparking renewed interest and increasing accumulation pressure among investors.

2023-6-22 10:03


Dogecoin Price Analysis DOGE / USD: Playing Dead

Dogecoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame The four-hour time frame is showing that a bearish head and shoulders pattern is forming The daily time frame is showing that the DOGE / USD pair remains trapped within a descending price channel Dogecoin […] The post Dogecoin Price Analysis DOGE / USD: Playing Dead appeared first on Crypto Briefing.

2019-8-1 16:33


Dogecoin’s [DOGE] Jackson Palmer takes a social media hiatus; deletes YouTube channel, goes private on Twitter

Twitter has been a platform for a lot of controversies in the cryptocurrency space, mainly because of clashes between proponents and discussions on the latest technological developments. The latest tectonic shift in the crypto Twitterverse was related to Jackson Palmer, the creator of Dogecoin [DOGE], and his actions on social media handles.

2019-4-21 02:30


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

3 Overlooked Altcoins Set to Outshine SUI and XRP in 2025

XRP and SUI have had their moments in this cycle, each having substantial rallies. XRP surged from around $0. 05 to over $3, while SUI reached an all-time high of $5. 35 on January 6, 2025.   While these cryptos hold relevance, their rapid gains mean many investors are searching for the next promising altcoins.

Here’s How the Bitcoin Price Performed Historically in February

February is knocking on our doors as the Bitcoin price holds steady above $104,000 after recovering from a couple of downturns this month. It’s time to reflect on how the BTC price performed historically in February, with the biggest attention to post-halving years as halving happened last April.