Fun

Dogecoin Discount Incoming: Analyst Reveals When To Start Buying

News Feed - 2025-02-28 03:02:14

Este artículo también está disponible en español.


The Dogecoin price may be in for more pain, as a crypto analyst has projected another significant breakdown to new lows. On the bright side, the analyst suggests that this retracement will offer a discount for traders who aim to capitalize on the buy-dip opportunitiesand accumulate ahead of a potential increase. 


If it fails to break a key resistance area, the Dogecoin price could see another major dropto new lows at $0.125. According to TradingView crypto analyst Dave Hunter, this bearish outlook is a more likely scenario for Dogecoin, considering its current market performance and volatility. Dogecoin Price Set To Retrace To $0.125 Discount The TradingView analyst shareda chart representing the Dogecoin price actionon a weekly timeframe, highlighting the trajectory of his bearish breakdown projection for the meme coin. Hunter calls his projected decline in the Dogecoin price a discount zone, suggesting an area where traders would find it more favorable to accumulate the meme coin.  Related Reading Dogecoin Discount Incoming: Analyst Reveals When To Start Buying 5 hours ago


The red horizontal line at $0.24 marks an order block, which is the critical resistance levelat which Dogecoin’s price is set to react. The analyst urges traders to withhold buying more Dogecoin until it attempts a short-term retracement to this area. Source: Dave Hunter on X


Given the weakened state of the market, Hunter emphasized that shorting should take more precedence for traders. The reason is probably because Dogecoin has been in a declining statefor weeks now, and initiating a sell-off would help traders prevent further financial losses, especially since additional slips in the meme coin’s value are expected. 


The TradingView analyst warns that liquidity sweepsfrom lower levels may occur, meaning stop-losses of long positions may be triggered, fueling more selling pressure. Typically, an increase in selling pressure for any cryptocurrency often fuels volatility, potentially leading to a price drop as demand decreases. 


While he shared his bearish forecast for Dogecoin, Hunter also mentioned Dogecoin’s Central Liquidity Score (CLS) and market timing for traders. He highlighted that smart money operates in specific cycles, and traders should consider aligning their market entries with these CLS-based liquidity ranges to limit trade risks.  DOGE Rebound Incoming: Buy Signal Confirmed


In other news, Dogecoin could be getting ready for a potential price rebound, as its TD Sequential just flashed a buy signal on its daily chart. Renowned crypto analyst Ali Martinez highlightedthis discovery on February 27 in an X (former Twitter) post. Related Reading Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension 1 month ago


The analyst’s chart indicated a 9 TD Sequential, which typically appears after nine consecutive downward candles and signals a potential trend reversal to the upside. The S13, indicated by the green arrow on the chart, also reinforces this rebound outlook. If the trend holds, Martinez believes Dogecoin could see a major upward movementfrom its current price of $0.21 soon. DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

News Feed

Prashant Jha4 hours agoBIS thinks DeFi has no use cases, but CZ is bullish: Finance RedefinedBinance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skep
German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic
German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it t
Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices ‘Ridiculously Low’
Bitcoin"s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices "Ridiculously Low" The crypto economy has gained a massive
Jesse Coghlan21 hours agoFTX alleges former exec used ‘hush money’ to silence whistleblowersThe lawsuit claims that former compliance officer Daniel Friedberg paid whistleblowers to stop them from exposing the “tru
3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online
3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online Options to acquire cryptocurrencies in Nigeria have been growing in number, along withincreasing in
Dubai Approves First Law to Regulate Digital Assets, Establishes Regulator to Oversee Crypto Sector
Dubai Approves First Law to Regulate Digital Assets, Establishes Regulator to Oversee Crypto Sector Dubai has adopted its first law to regulate the crypto sector. It has also estab
Coinbase is the most impersonated crypto brand by scammers: Report
Zoltan Vardai11 hours agoCoinbase is the most impersonated crypto brand by scammers: ReportAlthough Coinbase continues to be the most impersonated brand in the crypto industry, Meta was targeted by over 25 times as many
Blockchain-based elections a real option with zero-knowledge tech
Daniel Ramirez-Escudero9 hours agoBlockchain-based elections a real option with zero-knowledge techNew developments make voting with decentralized tech a more realizable goal.424 Total views1 Total sharesListen to articl
Memecoin frenzy intensifies as US election nears
Savannah Fortis12 hours agoMemecoin frenzy intensifies as US election nearsPolitical memecoins are running rampant ahead of the US 2024 presidential election, reflecting both the excitement and turmoil of the race.2411 T
Ethereum and layer-2 addresses surge 127% this year — Glassnode
Helen Partz9 hours agoEthereum and layer-2 addresses surge 127% this year — GlassnodeWhile Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 20
BONK Struggles To Sustain Gains As Selling Pressure Mounts
Este artículo también está disponible en español. BONK finds itself under increasing selling pressure as its recent rally falters, raising concerns about the token’
Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised
Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised The Solana smart contract project is suffering from issues once again after it was discovered that