Dogecoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-analyst-maps-entry-levels-for-doge-price/">Dogecoin Price Analysis: Analyst Maps Entry Levels For DOGE Price</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the past two months, Dogecoin’s price has been following an upward trend within a larger channel, hinting at the possibility of a significant surge in the upcoming weeks. This popular meme coin is currently at a crucial juncture, as it tests a major resistance downtrend line. Additionally, it is encountering a “death cross” between the 50-week and 200-week Moving Averages (MA).</p> 
<p>Crypto experts are closely observing the situation. If the DOGE bulls manage to breach the year-to-date (YTD) resistance line, there’s a belief that the altcoin could experience a substantial rally, potentially surpassing 16 cents. Conversely, if the ongoing rejection persists, analysts speculate that the meme coin might revisit a key macro support level around $0.055.</p> 
<h2 id="poppes-analysis-and-entry-strategy-for-dogecoin-doge" data-name="poppes-analysis-and-entry-strategy-for-dogecoin-doge" class="wp-block-heading">Poppe’s Analysis and Entry Strategy for Dogecoin (DOGE)</h2> 
<p>For short-term crypto traders seeking quick gains, Poppe, a noted analyst, has provided insight into potential entry points for Dogecoin. According to Poppe, there’s a chance that Dogecoin’s price could dip toward a significant supply and demand zone of around $0.069 in the coming days.</p> 
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   <p lang="en" dir="ltr">Entry zone for <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>. <a href="https://t.co/26SwdTbYU2" rel="noopener noreferrer nofollow">pic.twitter.com/26SwdTbYU2</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1688438513887227904?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2023</a> 
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<p>Should this price scenario unfold, Poppe suggests that traders interested in long positions can consider entering the market. It’s advised to implement appropriate stop-loss measures, with a target price of approximately 10 cents.</p> 
<p>However, it’s important to note that this suggested price setup could lose validity if Dogecoin’s price continues to decline in subsequent days, especially after retesting the support level around $0.069. In such a scenario, the extent of the bearish pressure on Dogecoin will largely depend on the overall outlook of the altcoin market and the price movement of Bitcoin.</p> 
<p>It’s worth highlighting that Dogecoin’s price action has displayed similarities with other medium-cap altcoins, despite its status as the leading meme coin. Various speculative factors have contributed to its price trajectory.</p>

Dogecoin Price Analysis: Analyst Maps Entry Levels For DOGE Price

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