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Dogecoin

Dogecoin Surges in Volume, Breaking Resistance: What's Next?Dogecoin (DOGE), the beloved meme-inspired cryptocurrency, has recently made headlines with a significant surge in trading volume. This surge has propelled it above the current uptrend resistance level from its recent lows, marking a potentially bullish turn of events for the quirky coin. Breaking Out of the Channel The recent uptick in trading activity has seen Dogecoin break out of its established channel, a move that has caught the attention of traders and analysts alike. Breaking free from this channel suggests a departure from previous price trends and opens the door to new possibilities for Dogecoin's price action. The Bull Pennant Formation As Dogecoin charts its course following the surge in volume, all eyes are now on the formation of a potential bull pennant. A bull pennant, characterized by a period of consolidation within a triangle pattern, could signify a period of temporary stability before another potential price breakout. Potential Scenarios While the current setup for Dogecoin appears promising, it's essential to consider potential outcomes. If Dogecoin successfully forms a tight bull pennant within the drawn triangle on the chart, it could signal further bullish momentum. However, failure to create this pennant, coupled with support failure, may lead to a retest of the 10 - 11 cents range, where uptrend major support lies. Looking for Buying Opportunities For traders and investors, a retest of the 10 - 11 cents range could present a significant buying opportunity. This level not only represents a critical support level within the current uptrend but also aligns with historical price action, making it an attractive entry point for those bullish on Dogecoin's prospects. Cautious Optimism While the recent surge in volume and breakout from the uptrend resistance level are encouraging signs for Dogecoin, it's essential to maintain a level of caution. Dogecoin is still trading under major resistance levels, and it's premature to assume the beginning of a full-fledged bull run. Conclusion Dogecoin's recent surge in volume and breakout from the uptrend resistance level have captured the attention of the crypto community. With the potential formation of a bull pennant and critical support levels to watch, the stage is set for an intriguing chapter in Dogecoin's journey. Traders and investors should remain vigilant, keeping a close eye on price developments and potential buying opportunities as the story of Dogecoin continues to unfold.
by UnknownUnicorn2319099
DOGE/USDT Breakout the Descending channel. Upward Momentum ??💎 DOGE's recent market performance has been quite notable. After breaking out of a descending channel, DOGE is now undergoing a retesting phase at the trendline of the same descending channel. 💎 If DOGE successfully bounces during this retesting phase, it probability could signal a continuation of the upward movement, potentially reaching a significant resistance target. 💎 However, should DOGE fail in its retesting phase — meaning the candle retreats back into the pattern — it may indicate a false breakout. In such a case, DOGE could retreat to the demand area to gather momentum for another attempt at breaking out. 💎 The demand area is a critical point for DOGE. A failure to hold this level and a breakdown of the demand zone could suggest a shift back to a bearish trend. DOGE needs to exhibit a bounce from this area to maintain a bullish outlook. 💎 If it breaks down through this demand zone, the next likely downward target would be the Bullish Order Block (OB) area, with a possibility of descending even further.
by MyCryptoParadise_Nathan
1
DOGE MOON Vs ETH MOON MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. DOGE broke out very big from my last video , its not too late to get on board . It will have a nice move in very near future but watch the video to find out when it can moon . Very important information It has very good structure and price action Similar to Ethereum last bull market its a moon structure Please watch the video for more information have a great weekend
COINBASE:ETHUSDLong
by MartyBoots
BTC vs DOGELooking at a pretty good disharmony in the RSI on the 15 between DOGE (every ones favorite coin of unconditional love) and BTC… now subject tied to teh us stock market and hte federal reserve, and facing potentially massive fluctuations as that linking up takes place. The greed plays will be powerful, spiking price down to rebuy. The prophecy says that DOGE will survive the volatility if we all hold tight. Lets Go Doge Fam!!! Follow along to see more of my analysis… it’s a work of art!
by DHLawrence
DOGE/USDT Poised for a Bullish Surge from Demand Zone? 🚀Doge💎 Paradisers, brace yourselves for a thrilling trading opportunity with #DOGEUSDT, as it hints at a bullish continuation from its current demand zone. 💎 As we delve into #Dogecoin path, it's been making its way up from a pivotal supply mark at $0.08550. Despite a momentary loss of momentum, we're now eyeing a potential bullish stride from the demand level of $0.08288. Holding strong at this juncture could pave the way for the bullish journey we're anticipating. 💎 Should the momentum for #DOGE begin to fade, we're looking towards a revitalizing bounce from the solid demand at $0.08061. Yet, dipping below this crucial level may indeed mark the onset of a deeper bearish phase.
Long
by MyCryptoParadise_Simon
1
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
4
DOGE/USDT Need to reclaim back the resistance or go to support!💎 DOGE has recently experienced a notable downturn, breaching a significant support level that previously served as a resistance barrier. This development suggests a potential further decline in DOGE's value, with the next critical support level at 0.0718 emerging as a key area to watch. Market participants should closely monitor whether DOGE can stabilize and possibly rebound at this support level. 💎 However, if DOGE is unable to find footing and bounces back at the 0.0718 support level, the situation could worsen. A failure to hold this level would indicate a significant loss of bullish momentum, probability leading to a further decline towards the strong support level area. 💎 In the event DOGE manages to regain its strength and break above the resistance it previously breached, this could indicate a reversal of the current bearish trend. A successful reclaiming of this resistance level could pave the way for DOGE to advance towards higher resistance levels.
by MyCryptoParadise
DOGE/USDT Ready for Break Out From Symmetrical Triangle? 👀🚀💎DOGE is currently navigating through notable market changes, exhibiting a downturn as it breaches its support line, hinting at a possible descent towards the demand zone near 0.078. 💎If Dogecoin reaches this demand zone, we might witness a pronounced recovery, potentially catalyzing an escape from the Symmetrical Triangle formation. A successful departure from this pattern could set the stage for DOGE to challenge the Bearish OB zone once again. 💎Yet, if DOGE stagnates or fails to rally upon hitting the support zone, it might signal a risk of further decline beneath this critical level. Such a move would likely extend its bearish momentum to the next key support region. 💎This pivotal support zone is of paramount significance for DOGE, particularly as it marks a foundational support level on the Binance exchange. Historical patterns have shown notable recoveries from this area, suggesting that reclaiming ground above this demand level could herald a potential uptick in its trajectory.
Long
by MyCryptoParadise_Simon
🔥 XAU/USD - will GOLD fall to $2025 Again ? (READ THE CAPTION)By checking the gold chart in the 4-hour time frame, we can see that the range of $2038 is still preventing the price from rising further, and yesterday, after falling to the range of $2024, gold again moved up to the specified supply range. And even today, the reaction to it has been negative! Currently, gold is trading in the range of $2031 and may correct to $2028 and $2025 to collect more liquidity, and then we have to wait for more price fluctuations! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
4
DOGEUSD The time to buy aggressively is NOW!!Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase: As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each of the previous 2 Cycles, Doge started a rally. In the case of 2020 it was almost instant. We are less than 3 weeks before completing 1050 days from the All Time High (ATH), which during the past 2 Cycles was a benchmark for the start of the Parabolic Rally Phase (green Rectangle). As a result, we are turning aggressively bullish on Doge, aiming at the 0.786 Fibonacci level of the Channel Up at $2.000. That is a fair Target price but we believe that if the market makes an overextension, we can even see it reach as high as $6.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
18
DOGEUSDT 🔥 Critical PointOverall DOGE has been moving in an upwards rising channel which is mostly known for a breakout or breakdown pattern. It could lead either to a super strong bullish move taking it upto 10 cents or even more or it could just break down until it completely reverses all that it has grown for the past months at around 0.05 area. So this is a dangerous game! Daily Timeframe Ichimoku Cloud analysis: Price is located above the cloud so this means, buying is only allowed. We can buy the re-tests of the conversion line (tenkan-sen) or the base line (kijun-sen) similar as to what would be the 9 ema and 26 ema but more complex. Successful re-tests to these lines lead to buying opportunities to go with the trend and ride it. However, as mentioned earlier, rising channels could be a bear market rally or a complete downtrend reversal. So you have to manage risk accordingly. Today, we've got a beautiful re-test to the base line along with a bullish engulfing candle, I'd wait until it closes and see how the next candle opens in 10 hours. If it is opening higher then that's an entry trigger and confirmation to go with the trend my friends!! Targets are marked with price tags in the chart. Please manage risk accordingly and risk a % of your portfolio. Never be biased and think that the bear side of things could be a possibility but don't look at it as a bad thing instead take it as a good buying opportunity. Even more so, if you wait long enough for the key levels to get a better entry point. Take care! Kina 🔥
Long
by KinaStar
6
$DOGE prepping for a huge run?!?BINANCE:DOGEUSDT CRYPTOCAP:DOGE looks primed for a run on all time frames. $0.082-0.083 has been a strong resistance level with multiple rejections since January 2024. Closing above this level on the 4h/D charts imo should usher in $0.085-$0.090 quickly, and then $0.10. Price has been rejected hard at this level, so trying to scale in to position. I am long at $0.0831 and will scale in from here, I want/need to see a 1h/4h candle close above resistance level with some prominent volume for more confidence in the move. SL: level looking below $0.08. PT: $0.09 area to start scaling out. BINANCE:ETHUSDT and BINANCE:BTCUSDT have been running hard for a week now, setting up the alts/other major crypto players for their moves. what other crypto's or alt coins are you guys watching for a big move??? Also been watching BINANCE:RNDRUSDT Current 15m chart:
Long
by DOpeTrades