DOGE-1
Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart!
Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency".
Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?!
Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605.
*Aug / Oct '21 Highs
.3550 - .3025
23.6% - 38.2%
*Mar / Apr '24 Highs
.2290 - .2067
*Golden Zone
.2178
61.8%
DOGEUSDThi
For now, we don't have any positive signal and the best case is to wait; If the $0.12172 resistance range is completely consumed, we can expect a break of the descending channel and an uptrend.
But now, due to maintaining the downward channelized movement, the probability of the continuation of the downward trend is higher.
What do you think?
Is Dogecoin the Future of Cryptocurrency Investing?Dogecoin (DOGE), the cryptocurrency born from a joke, has experienced a remarkable 48% surge in recent days, captivating the attention of crypto traders and investors alike. This unexpected rally has propelled DOGE into the limelight, outperforming other major cryptocurrencies and reigniting speculation about its potential to reach the coveted $1 price target.
What's Driving Dogecoin's Rally?
While the exact reasons behind Dogecoin's sudden surge are multifaceted, several factors may be contributing to its upward momentum:
1. Social Media Influence: Dogecoin has a strong social media following, particularly on platforms like X and TikTok. Influential figures and celebrities, such as Elon Musk, have frequently endorsed the memecoin, driving significant interest and volatility.
2. Retail Investor Enthusiasm: Retail investors, particularly those who missed out on earlier crypto rallies, are increasingly drawn to Dogecoin's low price point and potential for significant gains. This renewed interest has fueled buying pressure and contributed to the recent price surge.
3. Speculative Trading: The cryptocurrency market is often driven by speculation and FOMO (fear of missing out). As Dogecoin's price rises, it attracts more traders who hope to capitalize on short-term price movements.
4. Potential for Long-Term Growth: Despite its memecoin origins, Dogecoin has a dedicated community and a growing ecosystem of decentralized applications (dApps). Some analysts believe that the cryptocurrency could evolve into a legitimate payment and investment vehicle over time.
The $1 Target: A Realistic Goal or a Pipe Dream?
While the idea of Dogecoin reaching $1 may seem ambitious, it's not entirely impossible. However, several factors would need to align for this to happen:
• Sustained Institutional Adoption: Increased interest from institutional investors, such as hedge funds and investment firms, could provide a significant boost to Dogecoin's price.
• Enhanced Utility: Developing real-world use cases for Dogecoin, such as payments and e-commerce, could increase its demand and long-term value.
• Positive Regulatory Environment: Clear and supportive regulations could reduce uncertainty and encourage mainstream adoption of cryptocurrencies, including Dogecoin.
• Continued Social Media Momentum: Sustained social media hype and endorsements from influential figures could drive further price appreciation.
The Risks of Investing in Dogecoin
While Dogecoin's recent rally has been impressive, it's essential to approach the cryptocurrency with caution. Investing in memecoins carries significant risks, including high volatility, market manipulation, and the potential for substantial losses. It's crucial to conduct thorough research and only invest what you can afford to lose.
The Future of Dogecoin
The future of Dogecoin remains uncertain. While it has the potential to continue its upward trajectory, it's equally possible that it could experience a sharp decline. As with any investment, it's important to exercise prudence and diversify your portfolio.
A Word of Caution
The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It's essential to approach any investment with a long-term perspective and be prepared for potential losses. While Dogecoin's recent surge has captured the imagination of many, it's crucial to remember that past performance is not indicative of future results.
DOGE to a DOLLARElon Musk's preferred cryptocurrency!
Let’s not forget, he is the wealthiest person in the world.
This coin is definitely a favourite of his.
Reaching new highs is absolutely within the realm of possibility.
I have a positive outlook on TSLA stock, with potential targets exceeding $900, which could bring Elon’s net worth close to a trillion dollars on paper. While the timing is uncertain, the potential for growth when investing in him is significant.
I also believe that his top cryptocurrency could very well hit a dollar during this cycle.
With the recent breakout candle, it seems we've witnessed the completion of a pattern and the breakout of a substantial cup and handle formation.
I've included the targets for your reference.
Testing Key Supply ZoneDOGE recently broke a critical resistance level at around $0.33 to $0.34 and is currently trading around $0.42, showing a significant bullish momentum.
This breakout could indicate a shift in trend, with potential for further upward movement if key levels are respected.
🔑 Key Supply Zone (Order Block): The price is approaching a supply zone between $0.44 and $0.55, which could act as a significant resistance area.
This zone might induce a temporary correction or consolidation if sellers become active, leading to a potential pullback. If DOGE reacts to this zone, we may see a slight dip before any further upward move.
Potential Scenarios:
🟢 Bullish Continuation: Should DOGE manage to break above the $0.55 level, it could open the path toward higher targets, possibly aiming for the $0.72 resistance.
🔴 Temporary Correction: If DOGE encounters resistance at the $0.44-$0.55 zone, a minor correction could lead it back towards previous support levels, providing new buying opportunities for interested participants.
Note: This analysis is provided purely for informational purposes and should not be taken as a buy or sell signal.
Dogecoin DOGE price in front has a hard way to goNo matter how hard Elon Musk tries to pump up CRYPTOCAP:DOGE with his tweets, he hasn't been able to repeat his phenomenal “achievement” of 2021.
Currently, OKX:DOGEUSDT price is trying to gain a foothold above the first strong mirror zone, above $0.11. If it succeeds, the upward trend will continue and the next strong mirror zone of $0.17-0.20 will be waiting for it.
We know that many “long-term investors”, many of them unwillingly, are waiting for the price of the “father” and pioneer of all #Dogecoin memecoins to reach at least $0.41-0.51, and ardent fans are waiting for $1.
Do you believe it is possible? What are your goals for OKX:DOGEUSDC price?
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DOGECOIN soon will breakout from monthly resistance Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, while highlighting the key resistance levels that are critical for the next phase of price action. 📚💡
To begin with, the most significant resistance we are currently facing is around the 23-cent mark. This level has proven to be a formidable barrier, as Dogecoin has failed to break above it and sustain upward momentum for more than a year. However, given the recent surge in volume and the overall market conditions, there is a strong possibility that we will see this resistance level broken to the upside in the near future. The primary short-term target is clearly indicated on the chart, and we are watching this level closely for a potential breakout. 📚🙌
Following that, the next major resistance level to be aware of is the 34-cent price range. This resistance has also been in place for more than two years, with the price repeatedly failing to push past it. The behavior of Dogecoin’s price near this level will be crucial, as any significant move toward 34 cents could indicate whether the cryptocurrency is truly ready for a sustained rally. We will continue to monitor this area closely and provide further analysis in future updates. 📚✨
In upcoming analyses, I will dive deeper into the price action around these resistance levels, discussing the potential scenarios and key indicators to watch for as we approach these critical price points. Understanding these levels is vital for making informed trading decisions in the coming weeks. 📚🎇
🧨 Our team's main opinion is In this analysis, I highlight key resistance levels for Dogecoin, with the first major hurdle at 23 cents and the next at 34 cents, both of which have been strong barriers for over a year. A potential breakout above these levels could signal a shift in price momentum, and I will continue monitoring these levels in future updates. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Dogecoin to Reach $1 by Year-End?Based on my analysis, I believe Dogecoin will reach $1 by the end of the year. On the displayed Fibonacci levels, we’re seeing a strong push on the support-resistance line between 25 and 27 cents, which could act as a solid foundation for further upward movement.
Disclaimer: This is not financial advice. Please do your own research and consider the risks before making any investment decisions.
DOGE Dogecoin BreakoutIf you haven`t bought DOGE before the previous breakout:
nor sold the top:
Now you need to know that is primed for a new rally!
Dogecoin appears poised for a new rally after breaking out from a falling wedge pattern, a bullish technical indicator. The wedge typically signals a reversal from a downward trend, suggesting upward momentum. As the breakout solidifies, Dogecoin could target the $0.22 price level, a significant resistance zone. Strong buying volume following the breakout could fuel the rally, supported by renewed interest in the meme coin and broader market sentiment.
DOGE is finally parabolicI don’t have much experience charting the parabolic projections, but this is what I see. I mostly use these ideas as a personal trading diary anyways. But I definitely see DOGE eyeing its all time highs again. My personal belief is 1$ soon. It’s just so bullish, especially with the connection to Elon from the 2021 cycle and throughout. But now it’s connected to the name of his position in the government Department Of Government Efficiency. It is difficult not to see this being a top alt coin again. Also, it is literally the original meme coin. Very bullish vibes for DOGE here.
DOGE Set for Big Moves: Will We See $0.40 or a Deeper CorrectionAlright, trading family, here’s the deal: DOGE looks like it’s heading toward $0.32–$0.33. From there, we’ve got a few possible waves to ride:
1️⃣ If we break through, we could hit $0.34, $0.36, $0.37, and maybe even $0.40 on the weekly levels.
2️⃣ If we pull back, watch for support around $0.31–$0.30 before a bounce higher.
3️⃣ A bigger correction could dip us to $0.27–$0.28 before the next push. If $0.27 breaks, we could go deeper.
Stay calm, watch the price action, and let the market show you the way. Always trade what you see.
Mindbloome Trading/ Kris
DOGE hits three-year maximum. But will the bullish trend endure?Leading meme coin Dogecoin (DOGE) has experienced a remarkable price surge in the past few days. It currently trades at $0.28, recording an 88% price uptick in the past seven days.
This significant uptrend has propelled DOGE ahead of Ripple’s XRP in terms of market capitalization. With strengthening buying pressure, the meme coin is poised to extend its gains.
The Super Trend indicator tracks the overall direction and strength of an asset’s price trend. It shows a green line during uptrends and red during downtrends.
Sustained demand for the meme coin could soon push it past this crucial barrier. A successful breakthrough here would pave the way for a Dogecoin price jump to $0.39 — a high last seen in June 2021.
However, if profit-taking increases, Dogecoin could lose some of its recent gains and potentially drop to $0.19. Failure to establish support at this level may lead to a deeper decline, with DOGE falling toward $0.09.
Doggy Style- I mostly use some specific projects to try to predict the next " Altcoin Rally ".
- I typically use Cardano or Doge because they are older and I can use indicators from earlier times.
- Yes doge is meme, but all altcoins are also Memes until they have a real use case right ?
- so you remember this BTC post i made in 2022 ? ( please check it )
- So this is almost exactly the same but with this graph i use :
- Tenkansen ( Yellow line )
- SenkouSpan ( Green line )
- so now check the compressing descending trend.
- check now both lines ( Yellow and Green ).
- Notice when the yellow line cross down the green, we go bear.
- Notice when the yellow cross up the green, we go bull.
- So what we can deduct? - Altcoins are not yet Bullish.
- But remember Altcoins will go parabolic at one point and you want to be there!
- When? - anyone knows the exact date but you need to understand " The Delay ".
- i will post in comments same chart but i will use BTC with same technic and you will get that BTC is already bullish.
Happy Tr4Ding !
Bitcoin will hit 100 000 usd in 30 days with or without you🔸So I'm tired of all the bearish BTC charts popping up on
page one and getting 500+ likes doesn't make any sense to me.
My target is 100 000 USD in 30 days or less, so in December we will hit it.
🔸Previously recommended buying low at/near 60 000 usd. trade made money.
🔸We just broke out of major trading range established since March.
This is SUPER bullish. Make no mistake about it. Also DJT won the Elections
this is another massive bullish catalyst. What else do you need?
🔸If you can't make money trading crypto next 30 days probably means
that trading is not for you, look for other opportunities. Harsh reality
and wake up call. If in 30 days or less you can't make 30% unleveraged
gain, it's time to look for other options somewhere else.
🔸Recommended strategy bulls: there will be a pullback. you got two
options. either market buy now and hold for 100 000 USD. or option2
is wait for a shallow pullback and BUY/HOLD from the BUY ZONE on
my price chart. so near 74/75K is the best reload for the BULLS.
good luck, traders!
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Past performance is not indicative of future results.
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DOGE "Is the memecoin hitting a resistance?"Hello, dear HODLers, and happy Monday—if there is such a thing! But I believe every day in this bull run should be happy and great because we’ve been waiting a long time for it.
This is DOGE on the daily timeframe, and it appears to be pausing at the significant all-time Fibonacci level of 61.8. I can’t say for sure what will happen next, but by the day’s close, I may have a clearer idea. That’s all for now—I’ll catch up with you later.
Stay safe, and enjoy the profits of intraday trading if you’re following along!