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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 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
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
DOGE is at a critical junctureDogecoin price action shows a pattern of consolidation with higher lows and constant highs, indicating a potential ascending triangle pattern, a bullish continuation pattern. The current price is testing a significant resistance level, highlighted by the 0.5 Fibonacci retracement line. Volume appears to be steady with no significant spikes, suggesting a lack of strong buying or selling pressure at the moment. VPVR indicates a point of control around 0.081, which may act as a strong support. Market Cipher B appears to be in a mid-range without showing overbought or oversold conditions. This lack of extremity in reading implies that the market is not currently experiencing a momentum extreme in either direction. DOGE is at a critical juncture. If the price breaks above the current resistance with increasing volume, it could confirm the bullish pattern and potentially lead to further upside. Conversely, failure to break the resistance may result in a continuation of the consolidation pattern or a retest of lower support levels.
by CryptoDiabloo
1
DOGE - pullback vs bull runHello, In todays looks t doge, we can see a variety of pull back scenarios fit in to the levels, on teh 9 and 30 minute candles. We can also see that we are still within the longer range bar patterns (purple) going up and off the charts… as well as the teal one fit to the previous cycle…. What we are all hoping for now! So… is this it? Bull run started, and all that fresh ETF BTC money can make its way over to the coin of Love on Valentine’s Day! Yay! . Or or or… do we pull back and set a proper higher low to recall push off with all of the passengers on board for the flight to the moon? Good Luck!
GEMINI:DOGEUSD
by DHLawrence
DOGE Dogecoin Price TargetIf you haven`t sold DOGE after the bull run: nor reentered on the Double Bottom: Then you need to know that it potentially has a significant upcoming catalyst! The recent launch of XPayments has generated excitement around $DOGE. There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X. The unveiling of a new payments account by X opens up the possibility of Dogecoin becoming a payment option. The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE. If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀 I am optimistic about Dogecoin's potential to achieve a new all-time high! With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My short term Price Target for DOGE Dogecoin is the next resistance, $0.11, or even the next one, $0.145.
Long
by TopgOptions
💥 Investing in Dogecoin: Do it in a right time!Hello, Crypto Enthusiasts! 🚀 Let's dive into the world of Dogecoin (DOGE), one of the most intriguing cryptocurrencies in the market. 🌐 🐕 Origin Story: DOGE started as a meme-inspired coin featuring the Shiba Inu dog from the "Doge" meme. 🌕 Famous Meme: The coin's Shiba Inu logo became widely recognized and beloved in the crypto community. 🤝 Community-Driven: DOGE has a passionate and active community that often engages in charitable initiatives and tipping. 📈 Price Volatility: It's known for its price volatility, making it both exciting and unpredictable for traders. 🏆 Impressive Rallies: DOGE has experienced spectacular price surges driven by celebrity endorsements and social media buzz. 📈 DOGE / USDT 📉 🟢 Entry Levels: 0.05 - 0.06 🔸 Target 1: 0.07 🚀 🔸 Target 2: 0.08 🚀 🔸 Target 3: 0.09 🚀 🔸 Target 4: 0.10 🚀 🔴 Stop Loss: Under 0.045 ⛔️ DOGE is more than just a meme; it's a unique cryptocurrency with a remarkable community and history. Keep an eye on it as it continues to surprise the crypto world! Stay tuned for more exciting updates on DOGE and other cryptocurrencies. In the comments, let me know which altcoins you're currently trading! 🚀 Also, please share what you'd like to see in my upcoming posts. Your input is invaluable to me! 💙 Kindly sprinkle some love with a thumbs-up! 🚀❤️ Happy trading🌟 Your Kateryna🫶
by RocketBomb
19