Cryptocurrency

2024

Dogecoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whats-next-for-cryptocurrency-dogecoin-doge/" data-wpel-link="internal">What’s Next for Cryptocurrency Dogecoin (DOGE)?</a><br></p>
<p style="text-align: justify">In 2021, <strong><a href="https://coin-turk.com/memecoin-denilince-tum-ekosistem-gozunu-bu-altcoine-ceviriyor-peki-yukselmesi-mumkun-mu" data-wpel-link="internal">Dogecoin</a></strong> was one of the stars of the bull season, with many zeros in its price. It began a meteoric rise and subsequently reached a market value of approximately 90 billion dollars, shedding its zeros along the way and turning early investors into millionaires. Now, as a new bull season begins, what can be expected for <a href="https://en.coin-turk.com/is-dogecoin-over-for-elon-musk-what-traders-need-to-know/" data-wpel-link="internal">Dogecoin</a>?</p> 
<h2 style="text-align: justify" id="what-s-happening-with-cryptocurrency-dogecoin-doge">What’s Happening with Cryptocurrency Dogecoin (DOGE)?</h2> 
<p style="text-align: justify">The cryptocurrency Dogecoin has retreated from its 2024 peak of $0.20637. The <strong><a href="https://en.coin-turk.com/dogecoin-predictions-for-the-next-bull-market/" data-wpel-link="internal">DOGE</a></strong> price is consolidating between $0.14 and $0.18. In the last 24 hours, the price has seen a 3% increase, trading at $0.16.</p> 
<p style="text-align: justify">On the hourly chart, DOGE’s price is within the local channel, with support at $0.1628 and resistance at $0.1721. With most of the Daily Average True Range (ATR) surpassed, a continuation of sideways trading between $0.1650 and $0.170 seems more likely.</p> 
<h2 style="text-align: justify" id="what-does-the-short-term-and-medium-term-outlook-indicate">What Does the Short-Term and Medium-Term Outlook Indicate?</h2> 
<p style="text-align: justify">Looking at the short-term outlook, we see that neither buyers nor sellers have managed to gather enough momentum for a significant move in either direction. Any potential upward momentum would likely require a return to the $0.18 region. However, considering the current situation, the prospect of sustained movement in either direction remains uncertain.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-325291 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-usdt-coin-turk-com-.png" alt="" width="1815" height="835"></p> 
<p style="text-align: justify">Looking at the medium-term picture, the cryptocurrency Dogecoin is preparing to close significantly below the weekly bar’s peak. If this happens, investors can expect a consolidation period around $0.15 in the coming days.</p> 
<h2 style="text-align: justify" id="enthusiasm-in-meme-coins-directly-affects-dogecoin">Enthusiasm in Meme Coins Directly Affects Dogecoin</h2> 
<p style="text-align: justify">Dogecoin, positioned as the king of meme coins, is immediately affected by the enthusiasm in this sector. While expecting a price movement like in 2021 may be difficult, the altcoin Dogecoin is anticipated to surpass its bull season peak level of $0.73995.</p> 
<p style="text-align: justify">If the excitement in the meme coin sector continues, the cryptocurrency DOGE is expected to first exceed the $0.2 level. Afterwards, $0.25 will become a significant resistance area. On the other hand, it is necessary to mention that the movement in the cryptocurrency market depends on <a href="https://en.coin-turk.com/sec-acts-early-on-7-spot-bitcoin-etf-decision/" data-wpel-link="internal">Bitcoin</a>‘s activity. If Bitcoin, the flagship of cryptocurrencies, experiences a sharp downturn, this could negatively impact altcoins, potentially causing meme coin Dogecoin to fall below $0.1 again.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whats-next-for-cryptocurrency-dogecoin-doge/" data-wpel-link="internal">What’s Next for Cryptocurrency Dogecoin (DOGE)?</a></h5>

What’s Next for Cryptocurrency Dogecoin (DOGE)?

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