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Dogeusdt

#DOGE 1H. Sideways movement and potential entry point. 11/20/24Elon Musk continues to actively support and promote this cryptocurrency, mentioning it in various contexts (e.g., tweets, interviews, news, etc.), which can influence the coin's price. After a sharp price increase (a strong impulse), I expect its value to stabilize and remain at the same level for some time (sideways movement, as we see now). Personally, I will wait for the right moment to open a long position around $0.322, which is considered a key entry zone due to its high-volume level (many pending orders, strong buyer presence).
Long
by trendbooster
DOGEUSDT Long IdeaWhile much has been made of Trump's appointment of Elon Musk to co-Lead Department of Government Efficiency, Speculators have been calling it a fundamental news for DOGE to hit the psychological $1. Well, I reckon a 4hr 50ema retest could provide the fuel. It would be the base of a daily liquidity pool that seem to have invalid auction pending there. A 1D trend retest on the daily would be confirmation, as trend has not been retest, since the $0.15 area. A 2% risk for invalidation, and a target of 4hr liquidity pool with wicks waiting to get filled. Hopefully, that would fuel a push towards $1, but the pool fill 100% should return a 14.4RR.
Long
by KayKayKay2021
1
$DOGE/USDT: Bullish Breakout with High Potential!$DOGE/USDT: Long Setup 🚀 DOGE has broken out of a symmetrical triangle pattern after consolidating near a key support zone. The price is now trading above the 50 EMA on the 1-hour timeframe, indicating a shift in momentum toward bullish territory. With strong volume supporting the breakout, DOGE looks primed for an upward move. 📈 📌 Entry Point: CMP (~$0.388) 📈 Add-on Zones: $0.37–$0.34 for potential pullbacks. 🎯 Targets: $0.44 $0.52 $0.68 (Major Target) ⛔️ Stop Loss: $0.34 to manage downside risk. ⚖️ Leverage Advice: Use 2x–5x leverage for risk-optimized trades. #DOGE #Crypto #AltcoinSeason
Long
by CRYPTOMOJO_TA
Is Dogecoin's Breakout from the Falling Wedge Pattern Bullish ?Dogecoin (DOGE), the meme coin with a loyal following, has recently shown promising signs of a potential bullish breakout. Technical analysts have identified a classic falling wedge pattern forming on the DOGE/USDT chart, which, if broken, could signal a significant price surge. What is a Falling Wedge Pattern? A falling wedge is a bearish reversal pattern characterized by converging trendlines that slope downward. The pattern typically forms during a downtrend and indicates a potential reversal to the upside. As the price action narrows within the wedge, the likelihood of a breakout increases. Technical Analysis of Dogecoin Technical analysts have been closely monitoring Dogecoin's price action and have observed the formation of a falling wedge pattern. The pattern suggests that the selling pressure is weakening, and a bullish reversal may be imminent. • Key Support and Resistance Levels: o A break above the upper trendline of the falling wedge could trigger a significant upward move. o The 50-day and 200-day moving averages could provide additional support levels. • Relative Strength Index (RSI): o The RSI is a momentum indicator that can help identify overbought and oversold conditions. o A reading above 50 suggests bullish momentum, while a reading below 50 indicates bearish momentum. o A rising RSI within the falling wedge can signal a potential bullish divergence, further supporting the idea of a breakout. There is a bullish outlook on Dogecoin with a potential for a successful breakout from the falling wedge pattern could propel DOGE's price. Factors Driving Dogecoin's Potential Upward Movement Several factors could contribute to Dogecoin's potential price surge: • Strong Community Support: Dogecoin has a dedicated and passionate community that actively promotes the coin and supports its development. • Increased Adoption: As more merchants and businesses start accepting Dogecoin as a form of payment, it could lead to increased demand and higher prices. • Positive Sentiment: Positive news and social media buzz can significantly impact Dogecoin's price. • Technical Breakout: A successful breakout from the falling wedge pattern could attract more buyers and trigger a price rally. Conclusion While Dogecoin's future price movement is uncertain, the formation of a falling wedge pattern and the positive sentiment surrounding the coin suggest a potential bullish outlook. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and involve significant risk. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Dogecoin DOGE Is About To Hit All Time High!Hello, Skyrexians! Today we have the analysis of the king of the meme coins BINANCE:DOGEUSDT which has much better performance than all fundamental crypto assets. This happened because of lack of people holding this coin. Last month was hot for Dogecoin and it looks super bullish. When it breaks ATH and what is the target for current bull run? Let's take a look at the weekly time frame. Previous bull run, in our assumption, was the wave 1 of the super cycle. After that price retraced to 0.38 Fibonacci level in wave 2. It means that this asset is strong, because most of assets reach 0.618 in wave 2. Inside this support zone 3 green dots has been printed by Bullish/Bearish Reversal Bar Indicator . This is very strong reversal sign and the last one triggered the new bullish wave. This huge rapid growth is the global wave 3. This wave will break ATH in December 2024. Final targets for this wave are 1.61 and 2.61 Fibonacci extension at $1.3 and $2.1. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
2
Is #DOGEUSDT on the Verge of a Major Bullish Move? Yello, Paradisers! Is #DOGEUSDT gearing up for a major breakout? Don’t miss this critical analysis! 💎#DOGEUSDT is currently sitting at a crucial demand zone of $0.10372, forming a Falling Wedge pattern. We've been monitoring this closely, and a potential price breakout above this level could signal a major momentum shift in favor of the bulls. If the demand holds, this could set the stage for a strong bullish move in the near future. 💎For this bullish scenario to play out, we’ll need to see #DOGECOIN break above the $0.11061 minor resistance level. If it can manage this breakout, our next target is the internal resistance zone at $0.18081—where we could see a significant rally. 💎But be cautious! If the demand zone doesn't hold, we might witness a pullback to the lower support area, around $0.09271-$0.08789. A daily close below this level would invalidate the bullish outlook and could lead to a deeper correction. Keep your focus sharp, Paradisers! This next move could be a game-changer. As always, patience and discipline are the keys to navigating these market conditions. Stay strategic and be ready for whatever comes next. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Why Crypto Memecoins are Winning Hearts & Wallets ? The Memecoin Supercycle The Rise of Memecoins as Dominant Players - Performance Trends: Memecoins are currently outperforming other crypto asset classes, signaling a shift from the uniform growth of all cryptocurrencies to selective surges in niche categories. -Data Driven Insight: Among the top tokens, memecoins constitute a significant portion of those that have outperformed Bitcoin year2date Structural Issues in Traditional Crypto Projects -Overproduction and Valuation Problems: - The market is flooded with tokens leading to oversaturation and inflated valuations. - Many altcoins are launched with extremely high valuations, often benefiting insiders while retail investors bear the losses. -Centralization: Despite the decentralization ethos, token distributions are often controlled by insiders, alienating retail investors. Why Memecoins Thrive? -Market Fit: Memecoins resonate with retail investors due to their simplicity, cultural relevance, and the promise of community-driven gains. -Speculation and Momentum:Memecoins capitalize on speculative dynamics and community participation, often generating cult-like followings. - Emotional Utility:Beyond financial returns, memecoins provide entertainment, identity, and a sense of belonging—qualities overlooked by tech-driven tokens. External Factors Boosting Memecoins -Economic Pressures: Inflation, income inequality, and job insecurities are pushing individuals toward high-risk, high-reward opportunities. -Cultural Shifts: With declining influence of traditional institutions like religion, people are gravitating towards digital communities and narratives, such as those offered by memecoins. Memecoins vs Traditional Altcoins -Token Dynamics: Memecoins simplify the crypto experience by focusing on the community and token without overcomplicating with software utilities. -Competitive Advantage:Memecoins are described as “better products” for retail investors due to their accessibility, liquidity, and lack of insider-driven dilution. Predictions for the Future -Market Growth: there is a chance for $1 trillion market cap for memecoins, with some reaching valuations above $100 billion. -Shift in Dominance: Memecoins are expected to occupy a more significant share of the crypto market, outperforming utility-focused tokens and tech-backed assets. -Institutional Adoption: Venture capitalists and traditional finance players are likely to pivot toward memecoins as they recognize their market potential. Implications for the Crypto Industry -Reevaluating Narratives: Memecoins challenge the tech-first narrative of crypto by emphasizing community-driven growth and speculative value. -Tokenization of Faith:Memecoins symbolize a broader trend of financializing belief systems and creating "mini religions" around digital assets. -Retail-Centric Approach: The success of memecoins highlights the importance of catering to retail investors' aspirations for financial gains, fun, and community. Long story short the memecoin supercycle is not only a reflection of market trends but also a response to broader societal changes. Memecoins have become a powerful force in the crypto landscape by aligning with the emotional and speculative desires of investors. As the industry evolves, their role as cultural and financial phenomena is likely to grow, reshaping how we perceive and participate in cryptocurrency markets. Which meme coins do you think will pump 100X soon? and why!?
Education
by moonypto
MY LAST and happened to be MY FIRST postBYBIT:DOGEUSDT.P I am so embarrassed of myself while posting this. I have entered this trade around 12 hours ago somewhere around 12PM GMT time I went long X10 Cross at the time the trend was very hot up and set a TP on previous high. little after that I was 70-80% close to my target and did not close it, later on it went all down from there. I even draw the triangle and by now I was sitting watching it go down from there all the way up to now. I saw it breaking all the support points where I thought it will go back from. stupid me I am writing this with almost tears in my eyes. by the time it will reach THE END line is total account would be liquidated ! that is the end of my trading journey which I spent countless nights trading and learning. you can blame me as much as you want. you wont blame me more than I do myself. Stay safe and farewell dear friends. :(
Long
by LYKPIX
5
DOGE - Breakout of consolidation.Hello, This is always an exciting time for DOGE. We are prime for a nice breakout of the consolidation at about $0.39 - $.420. Here are three nice projections that illustrate 3 of the 4 major influences. Bearish and bullish Bulls, and one of the bears…. Still long range bullish. Harmonic projections, fit to the levels, and aligned with the signature harmonic patterns as well. Dotted are resistance turning to support, and solid a support, which turn to resistance. Good Luck! Spread Love! Doge Coin!
CRYPTO:DOGEUSDLong
by DHLawrence
6