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Dogecoin / TetherUS

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DOGE & ELON The price of Dogecoin is $0.09 today with a 24hour trading volume of 770 million dollar . This represents a 10% price increase since last week and 22% price increase since last month Musk's tweet offering 1 million Dogecoin to anyone who could prove ownership of an emerald mine has led to gains of 4.9% and who can forget when he changed the Twitter logo to feature the Shiba Inu dog, which caused another 30% pump while Dogecoin's technical structure is bullish, there is a lack of buying pressure behind the coin. traders should be cautious and consider waiting for a break in structure on lower timeframes before seeking to enter short positions. daily active addresses have increased as social media buzzed about Dogecoin, but the 90-day mean coin age has been sliding downward since mid-March. Dogecoin bounced off the moving averages on April 12, as seen from the long tail on the day’s candlestick. The bulls tried to drive the DOGE/USDT pair above the 38.2% Fibonacci retracement level of $0.09 but the bears did not budge. This suggests that the sentiment remains negative and traders are selling on rallies. Buyers must push and sustain the price above $0.09 to indicate that the selling pressure may be reduced. The pair may then ascend to the 61.8% retracement level of $0.10. Usually, a break and close above this level results in a 100% retracement. If that happens, the pair may soar to $0.11.
by moonypto
11
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
DOGE price aims at 20% upswing this month and could reach $0.14The DOGE price triggered a strong rebound from the interim lows at around $0.105 and is heading to test the September highs above $0.127. The token has displayed huge strength and hence is rising in the times when the other memecoins are stuck under extreme bearish influence. A popular crypto analyst, ALI, projects the next price action for the Dogecoin price rally, which appears to have reached the lower support of the multi-year channel. Therefore, the price is expected to consolidate along the support of the channel, which may lead to a healthy ascending trend, which could elevate the levels beyond the $1 milestone. However, the chart suggests it could be the start, as the real target could be a two-digit figure. Recently, data revealed that Dogecoin has the highest number of short-term holders. It suggests that the traders are still not sure of the long-term price action and hence may take out minor profits, which could be not in favour of a consolidated ascending trend. Therefore, the possibility of bearish interference may not be eliminated, as the bulls do not appear to be strong enough for a sustained upswing.
by paul_endeo
Dogecoin Revival: The Meme Coin Market is Heating Up Again!CRYPTOCAP:DOGE looks really good here. For the first time since the March highs, it seems like there’s life in the market. Many of the new meme coins have been surging extensively, like $ANDY, MYX:TURBO , $POPCAT, and whatever cat or frog coins you can think of. It seems like the time for doggy coins is approaching once again. I’m betting on some of the Solana ecosystem as they tend to go much higher, but it’s always good to have CRYPTOCAP:DOGE as a barometer for anticipating trends. SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:SHIB are also showing similar patterns.
Long
by ZelfTrade
1
DOGE - Dictated by Market SentimentNormal price setup is approaching a key level. The yearly level needs to hold, or things could quickly turn bearish. I remain cautiously optimistic because this level presents a pivotal opportunity and is the lowest-risk entry available. I'm not entering the trade right now as I’m risk-averse at the moment. It could be an optimal play, but #Bitcoin is still weaker than I’d like it to be. This chart represents about 90% of what the Altcoin market looks like. If you’re overexposed, be prepared to act quickly or have hedges in place in case the situation flips. Let's wait for the weekly close before making any moves on this and the rest of the Altcoins.
by ZelfTrade
Dogecoin ($DOGE) Primed for a Rally as Key Metrics Turn BullishDogecoin ( CRYPTOCAP:DOGE ) has been showing promising signs that it could be on the verge of a significant rally, with on-chain data pointing to bullish developments. Increased short-term trading activity, whale accumulation, and a surge in active addresses suggest that CRYPTOCAP:DOGE could soon see a strong upward price movement. Whale Accumulation One of the most telling indicators of Dogecoin’s potential rise is the behavior of large holders, or "whales." According to recent data from Santiment, whales holding between 1 and 10 million CRYPTOCAP:DOGE have accumulated over 2.07 billion CRYPTOCAP:DOGE in just one week. This level of whale activity marks the largest accumulation of Dogecoin since January and signals growing confidence among larger holders. Historically, whale accumulation precedes significant price rallies, as these large investors often have insider knowledge or access to market trends. Active Addresses Surge In the last few weeks, the number of active Dogecoin addresses surged to over 133,880, the highest level in eight months. This sharp increase in participation demonstrates renewed interest in CRYPTOCAP:DOGE from both new users and long-term holders. A rise in active addresses typically reflects increased trading activity, which could lead to higher demand and, in turn, upward price momentum. Increased Short-Term Trading Activity Another key metric supporting a potential rally is the surge in short-term trading activity. Over 110,000 short-term traders have been actively trading CRYPTOCAP:DOGE in the past week, far surpassing other meme coins like Shiba Inu and Pepe. This heightened trading volume highlights that CRYPTOCAP:DOGE remains a favorite for speculative traders looking to capitalize on quick price movements. As trading volume grows, it often precedes larger, sustained rallies, especially in the memecoin sector. Historical Patterns Dogecoin’s recent price movement aligns with its historical behavior following breakouts from a multi-year descending triangle pattern. This particular technical setup has been a precursor to major price rallies for CRYPTOCAP:DOGE in the past, with the coin experiencing surges of up to 200% after similar breakouts. For example, CRYPTOCAP:DOGE saw a 200% price increase after breaking out of this pattern in 2015, and another massive rally followed similar breakouts in 2017 and 2021. Currently, Dogecoin ( CRYPTOCAP:DOGE ) is showing signs of breaking out from another descending triangle, which could lead to a midterm rally pushing the price up to $0.2236. At the time of writing, CRYPTOCAP:DOGE is trading at $0.1111, reflecting a 2.92% increase in the last 24 hours. If the historical trend holds, this breakout could set the stage for another significant bull run. Rising Trend Channel and RSI Technically, CRYPTOCAP:DOGE is trading within a rising trend channel, showing upward momentum. The Relative Strength Index (RSI) currently sits at 61.90, indicating that the asset is neither overbought nor oversold. An RSI in this range suggests that there is still plenty of room for upward price movement without the risk of an imminent correction. Moreover, the appearance of a bullish engulfing pattern on the daily price chart signals that Dogecoin could be gearing up for further gains, especially after a period of consolidation. Key Levels to Watch The $0.12 pivot is a critical level for Dogecoin ( CRYPTOCAP:DOGE ). If the price can break and hold above this point, it could signal the start of a new rally, potentially pushing the price toward $0.2236 in the midterm. Additionally, with Bitcoin ( CRYPTOCAP:BTC ) trading at $65,000, the broader crypto market sentiment could positively influence Dogecoin’s price, as altcoins often mirror Bitcoin's movements during bull runs. Broader Market Conditions In addition to on-chain data and technical analysis, broader macroeconomic factors could play a role in Dogecoin’s price trajectory. The overall crypto market sentiment has been improving, driven by positive investor sentiment and rising interest in digital assets as inflation concerns persist. Dogecoin ( CRYPTOCAP:DOGE ) has historically benefited from such bullish market conditions, especially when key figures like Elon Musk or other high-profile endorsers mention the coin. Conclusion: Is CRYPTOCAP:DOGE Ready for a 200% Surge? Dogecoin’s recent price action and on-chain metrics suggest that the memecoin could be primed for a substantial rally. Whale accumulation, a surge in active addresses, and increased short-term trading activity all point to growing confidence in CRYPTOCAP:DOGE ’s future. Technically, Dogecoin’s breakout from a descending triangle pattern and its rising trend channel further support the possibility of a 200% surge, with a target price of $0.2236 in the coming weeks. While the cryptocurrency market remains volatile, and CRYPTOCAP:DOGE ’s memecoin status leaves it vulnerable to speculative trading, the signs are positive for those looking for the next major rally. As always, investors should proceed with caution, but the stars seem to be aligning for another impressive Dogecoin ( CRYPTOCAP:DOGE ) bull run.
Long
by DEXWireNews
4
DODGE promising to raise When I send analysis I didn't expect market to shift faster to the directions as I don't control the market n time,market can manipulate n gives all reason to exit before even the pick but if you learn well n work very hard on displean n risking management you are going to buy with open heart n be patiently for re ward I never mess even a single chance cz I prepair everything even if it can t3st trendline support at 1.08 it doesn't change the buy setups it gives more lower entries,according to my view is giving buying opportunities just in this level we might see a rocket 🚀 in few weeks,don't be scared to make moves be scared of not talking risks.
Long
by mulaudzimpho
1
Just a Hunch layouti dont claim to be a guru, i only have 2 yrs of even just watching, so take that into account. the multiple lines are guides, the retace in % is the may posibility bounc of growth of burn and buy and hold ratio that i am still trying to full understand. i find that lines work better for visual but not for long term, more just kinda bounce retrace... the % is seeing posible over time? again due to only 2 years i am not sure. so this is just a theroy from my self of when it is going to bounce full bull. not next month but the month after will be a good possible low grab befor hiking the mt. also dont know how good the middle section is for weight gain.
by AnthonyBG