Dogecoin Technical Analysis Update: Bears Still in Control
June 29 (Cointime) - Dogecoin failed to follow Bitcoin's recent jump above $30k, as the technical and fundamental picture looks bearish. The US GDP was revised higher, suggesting further rate hikes from the Fed, which will likely push against fiat rivals in the cryptocurrency market.
Dogecoin's Price at a Crucial Juncture: Will it Break Free from Downward Pressure?
June 29 (Cointime) - Dogecoin is at a critical point in its price movement, with the potential for a substantial decline if it doesn't muster a decisive bounce at its current level. The persistent downtrend marked by a descending trendline has been undermining buyers' efforts to establish a sustained bullish recovery for nearly two months.
Dormant Dogecoin Address Containing Over 2 Million Coins Activated After Nearly a Decade, Sparking Speculation
June 27 (Cointime) - On Tuesday, a previously inactive address containing over two million Dogecoins worth $131,178 was activated, causing speculation among crypto enthusiasts.
Massive Dogecoin Transfers and Robinhood's DOGE Stash Increase Drive Up Trading Volume and Price
June 27 (Cointime) - Over the past 24 hours, the trading volume of DOGE has increased by almost 20%, and two anonymous wallets have moved billions of DOGE. The transfers, which were spotted by the blockchain platform Whale Alert, may indicate crypto exchanges reshuffling their holdings.
Pepe Defies Expectations with Remarkable Trading Volume Amidst Market Volatility
June 26 (Cointime) - Pepe (PEPE) has surpassed both Shiba Inu (SHIB) and Dogecoin (DOGE) in trading volume within the last 24 hours, with a remarkable trading volume of $281.3 million despite a minor decrease in its price. Its market capitalization currently stands at $631 million, and its growth rate has outpaced its counterparts.
Dogecoin's Recovery Hinges on Clearing 38.20% Fib Level
June 23 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Dogecoin has seen a significant recovery, with a 9% increase in the past seven days.
Tesla's Official Website Features Dedicated Page for Dogecoin Payments
June 22 (Cointime) - A dedicated page on the official Tesla website provides information about using Dogecoin as a payment option, including what can be purchased and how to make a purchase.
Dogecoin Price Could Rally 5% if it Clears Key Resistance Level
June 21 (Cointime) - Dogecoin is experiencing a bullish trend and has surpassed the $0.062 resistance against the US Dollar. The cryptocurrency may experience further growth if it clears the 100 SMA (H4).
Dogecoin ( $DOGE ) Investors Spooked as Price Falls to New Yearly Low
June 20 (Cointime) - Dogecoin's price experienced a significant drop on June 5, breaking a crucial long-term support level and facing diagonal and horizontal resistance. Technical analysis shows that the DOGE price broke out from a 360-day ascending support line, indicating the possibility of a new long-term downward movement.
If You Bought Your Dad $100 In Bitcoin, Dogecoin And Ethereum Last Father's Day, Here's How Much He'd Have Today
June 19 (Cointime) - Investing $100 in each cryptocurrency last Father’s Day would be worth the following based on prices at the time of writing:
Elon Musk Denies Owning Dogecoin Wallets Amid Class Action Lawsuit Alleging Market Manipulation and Securities Fraud
June 17 (Cointime) - Elon Musk, the billionaire CEO of Tesla and former CEO of Twitter, has denied owning Dogecoin wallets amidst a class action lawsuit alleging market manipulation and securities fraud related to the meme coin.
Elon Musk announces new community function on Twitter, crypto fans respond
June 17 (Cointime) - Elon Musk, the new CEO of Twitter, has announced a new feature that allows users to create communities based on any topic.
Dogecoin Attempts Recovery Wave Above $0.0585 Resistance Against US Dollar
Dogecoin is making an effort to recover and surpass the $0.0585 resistance against the US Dollar, with the potential for a rally if it clears the $0.065 resistance zone. However, DOGE is currently struggling to overcome the $0.0628 resistance and is trading below the $0.065 zone and the 100 simple moving average (4 hours).
Dogecoin Whales Transfer Over $335 Million in Meme Asset in 24 Hours
June 16 (Cointime) - In the past 24 hours, wealthy investors of Dogecoin have transferred hundreds of millions of dollars worth of the meme cryptocurrency. Whale Alert, a platform that tracks large transactions, reported seven similar transfers, with only one being under $48 million.
Analyst Predicts When Dogecoin Will Bottom Out and Rally, Based on Smart Money Accumulation Strategy
June 15 (Cointime) - Nicholas Merten, a popular analyst and host of DataDash, predicts that Dogecoin (DOGE) could trigger a rally by the end of 2021 or early 2024. Merten believes that smart money tends to accumulate altcoins like DOGE when they are heavily discounted.
Stanley Druckenmiller Warns of More Economic Trouble Ahead as US Banking Failures Are Just the Tip of the Iceberg
Stanley Druckenmiller, a renowned investor, has expressed concern about the state of the US economy. He believes that the economy is still struggling to adapt to a more restrictive environment after years of low interest rates and easy money.
Pierre Rochard suggests Coinbase should refocus on Bitcoin, while Elon Musk tweets in favor of Dogecoin
Bitcoin advocate Pierre Rochard has suggested that Coinbase should shift its focus back to Bitcoin, the original cryptocurrency, after the company's recent IPO and diversification into other cryptocurrencies. Rochard argues that Bitcoin is the most important cryptocurrency and that Coinbase's success is largely due to its early focus on Bitcoin.
Anonymous Wallets Transfer Almost Nine Billion Dogecoins, DOGE Price Reacts
In the past 24 hours, anonymous wallets have transferred almost nine billion DOGE, according to Whale Alert, a popular cryptocurrency tracking platform. The transfers were made in 10 massive transactions, with six of them carrying a similar amount of 680,000,000 DOGE each.
Dogecoin Price Prediction: DOGE Forms Bullish Chart Pattern
Dogecoin, the cryptocurrency with a meme-inspired origin, is catching the attention of investors once again as it forms a bullish chart pattern. Many are speculating whether Dogecoin has the potential to increase its value tenfold from its current level. This Dogecoin price prediction has gained significant interest as enthusiasts and traders analyze market dynamics and factors that could propel DOGE to new heights. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a potential continuation of the upward trend for DOGE, but traders and investors should closely monitor the market's volatility. Additionally, yPredict, an AI-powered crypto platform, has raised $1.99 million in presales and offers advanced tools and insights for traders and analysts.
Why is Dogecoin ($DOGE) Price Falling Amid 8,200% Transaction Spike?
Despite an increase in daily transactions, Dogecoin's price has continued to decline, dropping by 10% in May 2023. On-chain data shows a significant rise in network activity, but this has not translated into price gains. The spike in network activity is largely due to DRC-20 Ordinals transactions, with a significant drop in large transactions from whales. The prolonged decline in whale transactions suggests that DOGE's price could drop further towards $0.06, but there may be some bullish support around $0.065. The bulls could push for a rally to $0.09 if DOGE price breaks above $0.08.
