Dogeusdt
A Decade of DOGECOIN Brilliance. x100 Potential Hidden?!🎉 Happy 10th Anniversary, DOGECOIN! 🎉
December 6th, marks the 10th anniversary of DOGECOIN's genesis. Initially created as a light-hearted meme coin, it's become a significant player in the crypto space.
The BINANCE:DOGEUSDT price chart tells an intriguing story. Currently, it's showcasing a repeating pattern – Descending Triangles.
These patterns have historically been precursors to substantial upward movements. Dive into the clear chart representation here:
In the past, these triangles paved the way for remarkable gains, including an x66 surge in 2017 and an astonishing x238 leap in 2021, fueled by none other than Elon Musk.
On the weekly timeframe, this movement resembles a light breath, but in reality, holding onto this for the long term can be a challenging task.
It's crucial to approach it with a solid risk management strategy.
Strap in for the ride and ensure you're equipped for the DOGE rollercoaster!
#DOGE/USDT#DOGE
The price is moving in a downtrend on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.9300
The price bounced from it
Entry price 0.09750
First target 0.10270
Second target 0.1096
Third target 0.1170
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈.
Analysis:
- Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯.
- Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁.
- Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑.
Key Points:
- Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼.
- Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊.
Signal:
- Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
Doge descends no more! Pattern breakout could see a 98% surge. The chart indicates that Dogecoin (DOGE/USDT) has already broken out of the Descending Triangle pattern, signaling a potential shift in market sentiment. With this breakout, here’s a closer look at the critical elements and price projections moving forward:
1. Descending Triangle Breakout
• DOGE has broken out of the descending triangle to the upside, defying the usual bearish continuation pattern. This breakout suggests a bullish reversal or at least a short-term upward movement.
• This breakout could signal a shift in momentum, with DOGE moving toward key resistance levels.
2. Weekly Hidden RSI Divergence
• The hidden bullish divergence in the RSI further supports this breakout. Even as price made lower lows, the RSI’s higher lows indicated building momentum, which has now translated into an upward move.
• This divergence suggests that the current breakout could have legs, leading to further price gains.
3. Fibonacci Extensions & Price Targets
• $0.2067: This is the key Fibonacci target, representing the 96% retracement level. Given the breakout, this is the immediate price target and aligns with past support and resistance levels.
• $0.2812 and $0.3305: These are resistance levels within the broader resistance zone. Once DOGE breaks through $0.2067, this zone will be the next major test for bulls.
4. Price Projections
• Short-Term Outlook: With the breakout confirmed, DOGE’s immediate target is $0.2067, representing a significant gain from the current level.
• Medium-Term Outlook: If DOGE clears $0.2067, the next focus will be the resistance zone between $0.2812 and $0.3305. Overcoming this will be crucial for sustained bullish momentum.
• Long-Term Outlook: A successful push beyond the resistance zone could open up the possibility of a broader bullish cycle for DOGE, potentially leading to higher price targets contingent on market sentiment.
Conclusion
Dogecoin’s breakout from the descending triangle, supported by the weekly hidden RSI divergence, marks a bullish shift. With the immediate target at $0.2067 and further resistance at $0.2812 and $0.3305, DOGE could be set for a sustained upward move. Volume and market sentiment will be key to confirming the strength of this breakout.
DOGEUSDT in Accumulation PhaseDOGEUSDT recently dropped to a support level last tested in February, where the price saw a significant rally. Currently, the price has formed a false breakout below the 0.09500 support level and has since been moving sideways in an accumulation phase. Over the past week, the market has been forming a compression channel, which could lead to a breakout and a subsequent price move. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong potential for an upward move. The price could break through the trendline and retest the resistance level, with the target set at 0.10700
Doge- Near an important breakSince hitting a high of 0.22 in April, Doge has been in a downtrend.
However, the chart shows that dips below 0.1 have consistently been bought, leading to strong reversals each time. The final phase of the downtrend is forming a falling wedge, which often signals a potential reversal.
For confirmation of an upward reversal, we need a clear breakout above resistance. If that happens, we can expect targets at 0.128 and 0.15 in extension.
DOGE Dogecoin Short Term Price TargetIf you haven`t bought DOGE before the previous major breakout:
nor sold the top:
Now looking at Dogecoin's chart, it appears to be attempting a breakout from a falling wedge pattern.
In my view, we’re likely to see an imminent breakout, or we may need to wait for the pattern to fully develop before the breakout occurs.
Either way, my price target remains $0.12.
Bullish Exhaustion Near ResistanceKey Resistance at $0.10476
Dogecoin (DOGE) is currently trading around $0.102, after failing to break through the upper Bollinger Band resistance of $0.10476. The price hit a high of $0.10495, but selling pressure has pulled it back below the BB Basis of $0.10322.
After peaking at $0.10495, Dogecoin has pulled back, now stabilizing around $0.102. The rejection from the $0.10476 resistance (upper Bollinger Band) aligns with the broader bearish sentiment seen in early September. Dogecoin's struggles echo a trend seen across the market, as DOGE has dropped 17% in the last week
Bollinger Bands: Overbought Conditions
The price is hovering just below the upper Bollinger Band, indicating that DOGE is in an overbought state. A rejection at these levels could trigger a pullback to the lower band support at $0.10168.
RSI Neutral, But Losing Steam
The RSI is sitting near neutral at 49.87, suggesting indecision in the market. However, its divergence from the RSI-based MA (60.41) hints at weakening bullish momentum, with potential downside ahead.
Stochastic Oscillator Shows Oversold Conditions
The %K and %D values of 19.54 and 14.44 indicate oversold conditions, which might signal a short-term bounce, but buyers need to regain momentum for a sustained move higher.
MACD Turning Bearish
The MACD histogram (-0.00045) has flipped negative, suggesting a potential bearish crossover. The MACD line is still above the signal line, but momentum appears to be weakening, which could lead to further downside.
Support and Resistance Levels
Immediate Resistance: $0.10476 (Upper BB)
Support: $0.10322 (BB Basis), $0.10169 (Lower BB)
Short-Term Outlook : DOGE is showing signs of exhaustion near the $0.10476 resistance. If it fails to break higher, expect a potential dip toward $0.10168, with a possible bounce from there. The Stochastic and RSI suggest caution, as momentum indicators signal weakening strength.
Watch for a confirmed break above $0.10476 to signal bullish continuation. Otherwise, a retrace to the lower Bollinger Band is likely.
Dogecoin (DOGE) poised for retest?Dogecoin (DOGE) remains in a downtrend, but the bulls are trying to form a higher low at $0.09.
If buyers propel the price above the 20-day EMA ($0.10), the DOGE/USDT pair could rally to the downtrend line. This is a formidable hurdle for the bulls to cross, but if they prevail, the pair may start a move to $0.14.
Instead, if the price turns down sharply from the 20-day EMA and breaks below $0.09, it will suggest that the bears remain in charge. The pair may then plummet to $0.08 and later to the support line of the falling wedge pattern.
Dogecoin Price Hit $0.1: Could Elon's Backing Propel DOGE to $1?Dogecoin ( CRYPTOCAP:DOGE ), the popular dog-themed cryptocurrency, has been making headlines again after surging over 10% to briefly cross the $0.1 mark. This rally, fueled by Elon Musk’s continued endorsement and broader market trends, has sparked renewed speculation about whether Dogecoin could hit the highly anticipated $1 price point. Here's an in-depth look into the factors driving Dogecoin's latest surge and its potential to rally further.
Key Drivers of the CRYPTOCAP:DOGE Rally
1. Elon Musk’s Lawsuit Dismissal Boosts Market Optimism
One of the key factors behind Dogecoin's recent rally is the dismissal of a federal lawsuit against Elon Musk, which accused him and Tesla of manipulating the Dogecoin price. Filed in Manhattan federal court, the lawsuit alleged that Musk engaged in insider trading and publicity stunts that inflated Dogecoin’s value by up to 36,000%.
However, the suit was dismissed by U.S. District Judge Alvin Hellerstein, who ruled that the plaintiffs failed to substantiate their claims after five revisions of the lawsuit. This outcome has removed a significant cloud of legal uncertainty around Musk’s involvement with Dogecoin, leading to increased investor confidence and contributing to DOGE’s recent price surge.
2. Elon Musk’s Continued Support and Potential Use of DOGE
Elon Musk, the self-proclaimed “Dogefather,” has continued to express support for Dogecoin. Recently, Musk suggested adding Dogecoin as a payment option for Tesla merchandise, fueling speculation that the meme coin could eventually be accepted for vehicle purchases as well. Moreover, Musk has hinted at using DOGE as the official mascot for a proposed “Department of Government Efficiency,” underscoring his ongoing commitment to the cryptocurrency.
This active promotion by Musk, combined with his recent legal victory, has been a strong bullish signal for investors, driving market speculation about Dogecoin’s future potential.
3. Broader Market Rally Amid Fed Rate Cut Expectations
The broader cryptocurrency market has been on an upward trajectory, buoyed by growing expectations of a Federal Reserve rate cut. With the global crypto market cap nearing $2 trillion and Bitcoin rising over 4%, risk assets like Dogecoin have benefited from the overall positive sentiment. The CME FedWatch Tool indicates a 73% chance of a 25 basis point rate cut at the upcoming Fed meeting, which has fueled optimism across the market.
Simultaneously, other meme coins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and WIF have also rallied, highlighting increased investor appetite for riskier assets.
Technical Outlook
Dogecoin's technical indicators suggest that the coin could be poised for further gains. As of the time of writing, DOGE is trading at $0.1041, up 7.67% with a moderate Relative Strength Index (RSI) of 44.97. This RSI level indicates that DOGE is not yet overbought and may have room for continued upward momentum.
Additionally, the daily price chart shows a bullish symmetrical triangle pattern—a technical formation that often signals a continuation of the current trend. If CRYPTOCAP:DOGE breaks above this pattern, it could confirm a bullish breakout, potentially setting the stage for a significant price surge toward $1.
Dogecoin’s trading volume has also spiked, up nearly 74% to $639.67 million, while Futures Open Interest rose 8% to $476.52 million, signaling increased market participation and interest. Options Open Interest jumped over 37%, further underscoring the market's bullish outlook.
However, the road to $1 will not be without challenges. Dogecoin will need to overcome several key resistance levels, with the most immediate being around the $0.15 to $0.20 range. Breaking through these resistance points will be crucial for CRYPTOCAP:DOGE to sustain its rally and approach the elusive $1 target.
Musk’s Backing and Market Trends Favor CRYPTOCAP:DOGE
The fundamental outlook for Dogecoin remains optimistic, driven by Elon Musk's ongoing support and the broader positive market sentiment. The dismissal of Musk’s lawsuit and his recent endorsements have reinvigorated investor confidence. Meanwhile, potential macroeconomic tailwinds, such as a Fed rate cut, are likely to provide additional support for the cryptocurrency market as a whole.
Moreover, the growing use case of Dogecoin, particularly as a potential payment option for Tesla merchandise, adds another layer of utility that could drive demand. If more companies and platforms begin to accept DOGE, it could further bolster the coin’s market position and price.
Conclusion
Dogecoin’s recent price action reflects a combination of technical strength and fundamental momentum. Elon Musk’s backing, the broader market rally, and positive technical indicators are aligning to create a favorable outlook for DOGE. While reaching $1 will require significant market support and overcoming key resistance levels, the current trend suggests that Dogecoin is well-positioned for further gains.
Investors should watch closely for any additional endorsements from Musk, broader market developments, and key technical breakouts that could signal the next leg of Dogecoin’s rally. As always, the cryptocurrency market remains highly volatile, and potential investors should consider their risk tolerance before jumping in.
In the meantime, Dogecoin’s journey to $1 remains a closely watched narrative in the crypto space—one fueled by community enthusiasm, market speculation, and the enduring influence of its most famous advocate, Elon Musk.
DOGE: Correction Ending? Time to Watch for Buy SignalsDogecoin (DOGE) may be nearing the end of its correction. This could be a good moment to consider buying opportunities, either now or after a trendline breakout.
DOGE FRACTAL : Don't Lose Hope! BEST YET TO COME DOGE has been trading undeniably bearish over the past few weeks, as we see significant signs of bearish price action:
- 📉 lower highs
- 📉 lower lows
However, if we take a look at a fractal that played out between Dec 2023 - Feb 2024, there is definitely a chance for a PARBOLIC PUMP. Watch this short video to find out how (there are TWO SIGNS we need to see on the chart BEFORE we can seriously consider this).
Make sure you catch my update on Bitcoin, because ultimately BTC determines the direction of the market. Therefore it's vital to watch the trendsetter!
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BINANCE:DOGEUSDT
DOGE/USDT Set to Skyrocket or SinkThe DOGE/USDT pair is now in a bearish trend, with price action forming a descending triangle pattern on the daily chart. This pattern is identified by the construction of lower highs, showing a consistent loss of bullish momentum, and a horizontal support zone also maintains the price. The upper boundary of this triangle is marked by a descending trendline, which provides strong resistance. As the price reaches the triangle's top, it is ready for a strong upward or downward move depending on the breakout direction.
The key support levels on the chart support zone (Green) at $0.09018 - $0.09458. This zone has proven to be a strong floor for the price, and a break below this area could signal a bearish continuation. Should the support give way, the next notable level to watch is $0.08050, which is a previous low. If bearish momentum continues, the price could further descend toward the $0.06640 mark, representing a significant drop from current levels.
On the flip side, if DOGE manages to break above the descending trendline and sustains a move above the resistance level at $0.11330, it would indicate a shift in market sentiment towards bullishness. The first target in such a scenario would be the resistance at $0.14935, a level that previously acted as a barrier for price action. Beyond this, the next significant resistance zone (Blue) at $0.18906 - $0.20357. These levels are crucial as they represent areas where selling pressure could re-emerge, potentially capping any bullish rallies.
DOGE is at a critical juncture within its descending triangle pattern. Traders should monitor the price closely as it approaches the support and resistance levels. A breakout from this pattern, either to the upside or downside, will likely dictate the next major trend for the pair. The overall market sentiment, along with volume and momentum, will play a crucial role in confirming the direction of the breakout.
DOGEUSDT.P Short Position | 15m15m Asia kill zone took yesterday's complete buy-side liquidity (LQ), I took a short position after a 15-minute bearish confirmation.
DOGEUSDT.P Forecast | Day Time Frame
Sell-side liquidity swept
No Break of Structure (BoS) was made on the buy-side, hence it is likely to move bearish to gather more strength (liquidity) to move bullish
(LONG) Dogecoin getting ready to pump, like usually.If historic price action mean something dogecoin is getting ready to fly, you can see that especially on the weekly and monthly timeframes.
At naked eye you see it,
see even better if you plot fibonacci time zones, and some moving averages on the chart.
Imo with proper risk management is a good long opportunity.
PS: the orange vertical line is there bcause that's wen the price closed above my sma's, the blue line is there just bcause we're in august
Dogecoin (DOGE) rally is possible?Dogecoin (DOGE) price correction from last week’s peak triggered a spike in long position liquidations, with traders losing $1.48 million against only $55.85k short positions liquidations. The downtrend implies that DOGE is back to where it was on Friday amid increasing chances of extended correction.
Dogecoin price sits below the 20-day Exponential Moving Average (EMA) after failing to break above the 50-day EMA resistance at $0.1127. Sellers have the upper hand at the moment motivated by the Relative Strength Index (RSI) retracement in the neutral region to 45. Should the RSI drop toward the oversold region, DOGE will overshoot short-term support at $0.1, advancing to seek liquidity at $0.1.
Dogecoin price prediction suggests that as long support at $0.1 holds, a trend reversal is highly likely. Moreover, the falling wedge in the daily range promises a 71.5% breakout to $0.18 if validated. A falling wedge is a bullish reversal pattern validated by a breach of the trend line resistance. Traders will place buy orders above the breakout point and set the stop loss below the trend line. A rapid increase in trading volume will add credence DOGE price uptrend.
With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊
Key Levels:
1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️
2. Resistance Levels :
- The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️
- Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈
Pattern:
- Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄
- Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉
- Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍
Potential Strategy:
- Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀
- Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰
- Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌
Conclusion:
This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️
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📊 Analysis by AhmadArz
🔍 Entry : 0.1035
🛑 Stop Loss : 0.1005
🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260
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🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz."
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Long Setup on DOGEUSDT / (Volume projection)BINANCE:DOGEUSDT
COINBASE:DOGEUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾Sorry, TP1 already realized.
⚡️TP:
On the chart
➡️SL:
0.01205
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Please Like and Leave a comment, Let me know what is your idea on this setup!
DOGE Price Analysis Dogecoin (DOGE) Analysis
Dogecoin (DOGE) has been consolidating after a significant decline from the $0.14373 level down to a low of $0.08019. The price is currently hovering around the $0.10587 mark, just below the resistance zone (Green) at $0.10800 - $0.11099, with the downward trendline still intact.
The price is trading under the descending trend line for approximately 31 days. The price has to break above from this descending trend line and resistance zone (Green) at $0.10800 - $0.11099 for moving upwards.
Despite some recovery from the lows, DOGE is struggling to break through the resistance zone (Green) at $0.10800 - $0.11099 , indicating that buying pressure remains weak. The price action suggests that DOGE is at a critical point, as it trades near key resistance levels.
If DOGE fails to break above the resistance zone (Green) at $0.10800 - $0.11099 and the descending trendline, it may face further downside, potentially retesting the $0.10208 support level. A break below this level could lead to a continuation of the bearish trend, pushing DOGE toward the $0.09395 and $0.08674 support levels.
Traders should monitor the resistance zone (Green) at $0.10800 - $0.11099 and trend line closely, as a break above it could signal a potential bullish continuation, while a rejection may lead to a retest of lower support levels.
Dogecoin (DOGE): brief price analysisDOGE attempted to rise above the 20-day EMA ($0.10) on Aug. 20, but the bears did not relent.
However, the bulls have not given up and are again trying to drive the price above the 20-day EMA on Aug. 21. If they can pull it off, the DOGE/USDT pair may rise to the 50-day SMA ($0.11) and after that to the downtrend line.
Instead, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative, and traders are selling on minor rallies. The selling could accelerate if the pair breaks below $0.09.
SasanSeifi| Short-Term and Long-Term Insights (DOGECOIN 4D)Hey there, In the long-term four-day timeframe, the price faced significant selling pressure after a slight rise from $0.14, breaking through the $0.095 support and dropping to a demand zone around $0.081. Currently, the price is trading around $0.107.
In the mid to long-term, further correction to levels between $0.070 and $0.060 is possible. However, in the short term, we might see a minor up tick to around $0.118 to $0.12.
The suggested scenario is that after this short-term rise, the price could potentially retrace back to levels like $0.09. For a more accurate trend analysis, it’s essential to watch how the price reacts to key resistance levels. If it breaks and holds above the EMA 60 and the $0.125 level, there could be significant further growth.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
