Fun

Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?

News Feed - 2024-11-06 02:11:40

Este artículo también está disponible en español.


Crypto analyst Trader Tardigradehas revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards.  Dogecoin Price Forms Local Bottom


In an X post, Trader Tardigrade mentioned that the Dogecoin price has formed a local bottom signal. He explained that whenever the DOGE Moving Average Convergence Divergence(MACD) bearish cross forms, Dogecoin tends to trade sideways for a week before starting another bull run.  Related Reading Shiba Inu’s Shibarium Sees Daily Transactions Surge To 4.68 Million, Will This Push SHIB’s Price Toward $0.00008? 1 day ago


With the bearish cross happening now, the DOGE price is gearing up for another leg up, which, based on Trader Tardigrade’sanalysis, could happen a week from now. The analyst’s accompanying chart showed that Dogecoin could witness up to a 100% rally as it rises to $0.28 from its current price.  Source: X


The chart also showed how the Dogecoin price has formed local bottoms and then enjoyed another leg up since its bull runbegan in September. The DOGE price is up over 53% since September, outperforming the top 100 cryptos by market cap during this period. Crypto analyst Master Kenobi, who had rightly predicted the start of the Dogecoin bull run, also recently suggested that the meme coin was ready for the next part of its bull run.


In an X post, he stated that it was nice to see the Dogecoin price back above $0.16, seeing as the meme coin has successfully retested previous resistance levels and confirmed them as support.  Source: X


Master Kenobifurther mentioned that the next levels to watch out for after the Dogecoin price reaches $0.23 are $0.33 and $0.73, its current all-time high (ATH). Once the meme coin reaches $0.73, the analyst remarked that the DOGE price will “moon,” indicating a parabolic rally.  Source: X Daily And Weekly Golden Cross Pending For DOGE


Self-acclaimed DOGE lead analyst on X Kevin Capitalrevealed that a daily and weekly golden cross is pending for the Dogecoin price. The analyst noted that this was happening right before a potential Donald Trump victoryand Elon Musk’s implementation of the Department of Government Efficiency (D.O.G.E). Related Reading Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000 1 day ago


A Trump victory could be the catalyst for a Dogecoin price breakout above $0.20, considering that it will pave the way for Musk’s D.O.G.E proposal which continues to impact the meme coin positively. 


Crypto analyst Ali Martinezalso recently analyzed Dogecoin price action and said that the meme coin was the perfect trade right before the US elections. Indeed, the meme coin might be the perfect trade as it has decoupled from other crypto assets and is the top gainer among the top 100 cryptos by market cap ahead of today’s elections. 


At the time of writing, the Dogecoin price is trading at around $0.165, up over 10% in the last 24 hours, according to datafrom CoinMarketCap.  DOGE price continues to rise | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Helen Partz13 hours agoTornado Cash developer Roman Storm released on bail, lawyer saysRoman Storm’s lawyer, Brian Klein, said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the cha
Brayden Lindrea3 hours agoStarknet and zkSync buck trend as crypto ecosystems shed devs by 28%Monthly active developers across the crypto ecosystem fell 28% year-on-year in October, but some have managed to buck the tren
Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners
Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures t
Amaka Nwaokocha14 hours agoUN launches international effort to tackle AI governance challengesThe list of participants includes tech industry leaders, government representatives from Spain to Saudi Arabia, and scholars f
Tom Blackstone9 hours agoBinance CEO responds to rumors, says US executive is ‘taking a deserved break’Despite Brian Shroder resigning as CEO of the exchange’s U.S. wing amid SEC and CFTC lawsuits, Binance CEO Chan
Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target
Este artículo también está disponible en español. Chainlink (LINK) is navigating a turbulent market phase, recently experiencing an 11% decline after reaching a local hig
Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near
Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near As Americans wait to hear if they will receive second stimulus checks, lawmakers
Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash
Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash On January 23, 2021, the popular Youtuber Mambafx published a video of
Trends Study Says Dogecoin Is the Most Googled Cryptocurrency in the US
Trends Study Says Dogecoin Is the Most Googled Cryptocurrency in the US According to a recent study analyzing Google Trends data, the cryptocurrency dogecoin’s search volume
Derek Andersen2 hours ago‘Pure’ DeFi has little chance for real-world use because of need for oracles: BISAccording to the BIS researchers, a centralized oracle based on trust is the only option for DeFi, and variati
Savannah Fortis5 hours agoNothing to see here: OpenSea denies exec involved in $60M rug pull: Nifty NewsletterBoth NFT Ethics and blockchain analytics account Lookonchain allege that the OpenSea exec played a key role in
Curve Finance adopts crvUSD for fee distribution
Josh O"Sullivan10 hours agoCurve Finance adopts crvUSD for fee distributionCurve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration.1297 Total views41