Dogecoin has started a fresh decline against the US dollar, trading below the key support level of $0.0775 and the 100 simple moving average (4 hours). The price is facing resistance near the $0.078 zone and a bearish trend line forming with resistance near $0.078 on the 4-hours chart of the DOGE/USD pair. If DOGE fails to gain pace above $0.078, it could continue to move down, with initial support on the downside near the $0.0735 level and the next major support near the $0.0720 level. The MACD for DOGE/USD is now gaining momentum in the bearish zone, and the RSI is below the 50 level. (newsbtc)

Meme coins are a very risky type of crypto because they are based on Internet cultural references. The price movement depends on whether the meme coins can stay relevant by driving hype or support among the community, and lack fundamental value.

The HedgeUp (HDUP) presale is attracting attention from crypto enthusiasts worldwide due to its unique proposition as the first NFT marketplace for alternative assets. HDUP will be the currency used to buy NFTs in the marketplace and unlock other elements of the ecosystem, such as educational masterclasses, a decentralized autonomous organization (DAO), banking opportunities, and a metaverse.

An inactive dogecoin ($DOGE) address 1,556,994 DOGE ($123,155) has reemerged after remaining dormant for 9.3 years. 

The native token of blockchain project Cult DAO, CULT, surged over 70% shortly after a mysterious tweet from Elon Musk containing the same name. Musk's previous comments have caused price swings in digital assets such as Dogecoin and Floki Inu. Despite not revealing what he meant by the tweet, CULT's price spiked in a matter of hours.

Cryptocurrency mining company BIT Mining has announced the launch of advanced more recent version of its Dogecoin (DOGE) and Litecoin (LTC) mining machine dubbed LD4. BIT Mining already operates some LD series of ASIC mining machines that were designed by the company and work specifically on the DOGE and LTC blockchain. They offer high hash rates and energy efficiency.

A Dogecoin whale has transferred around 151 million DOGE, worth nearly $12.1 million, from Binance to an unknown wallet, which could be seen as a bullish sign for the cryptocurrency. The transfer, known as an exchange outflow, suggests that the whale is accumulating DOGE at relatively low prices. However, it is also possible that the transfer was made for selling through peer-to-peer deals, which could lead to bearish price action for Dogecoin. Currently, DOGE is trading at around $0.078, down 16% in the last week.

Dogecoin ($DOGE) has become a cultural phenomenon with its iconic Shiba Inu dog logo and playful memes, capturing the attention of a younger and more diverse audience. Its use in charitable giving and philanthropy has also helped to build a positive and engaged community around the currency. Social media has played a significant role in the popularity of Dogecoin, with Twitter, Reddit, and TikTok becoming hubs for Dogecoin memes, discussions, and investment tips. However, there are also challenges and criticisms of Dogecoin as a viable investment or payment option, including its unlimited supply and lack of a clear use case. Dogecoin is currently trading at around $0.0801, making it the ninth most valuable cryptoasset by market cap. The fact that Tesla and SpaceX CEO Elon Musk is a fan of Dogecoin gives hope to $DOGE HODLERs that it may one day find a mainstream use case.

Liquidity concerns arise due to the massive number of tokens held by some investors and large wallets allegedly controlled by the PEPE token founders that could drain liquidity.