Convergence

Dogecoin

April

<p>Dogecoin (DOGE) has once again asserted its dominance, outperforming other top meme coins such as PEPE, WIF, SHIB and others. While the broader meme coin market has faced a slight downturn, with most coins down around 10% in the past week, DOGE has managed to defy the trend, rising by 6% in price today.</p>
<p>Other top meme coins such as PEPE, WIF, SHIB are also up, but not more than 3%.</p>
<p>It’s worth noting that the entire cryptocurrency market has been experiencing a correction, with Bitcoin struggling to break above the $67-68k range as the highly anticipated halving event draws near. However, DOGE’s resilience during this period is a testament to the coin’s popularity and the unwavering support of its dedicated community. After all, we don’t see any <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin taking over DOGE’s place as a meme king anytime soon.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="678" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-1024x678.png" alt="" class="wp-image-469241" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-1024x678.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-300x199.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-767x508.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-1536x1018.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-2048x1357.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-226x150.png 226w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-528x350.png 528w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287-788x522.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-287.png 871w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap/memes</a>
 </figcaption>
</figure>
<p>Interestingly, April is historically a strong month for the meme coin king, with DOGE Day falling on April 20th. This annual celebration has become a significant event for the DOGE community, often leading to a surge in the coin’s price.</p>
<p>Currently, DOGE is trading around $0.18, with the $0.20 resistance level now in sight. Beyond that, more ambitious targets of $0.33 and $0.46 are aligned with the 1.618 and 2.618 Fibonacci extension levels, respectively.</p>
<p>Technical analysis of DOGE’s current state reveals a Relative Strength Index (RSI) of 53, indicating a neutral market sentiment. The Exponential Moving Average (EMA) 20 stands at $0.18, providing a crucial support level. Furthermore, the 200-day Moving Average is at $0.09, suggesting that DOGE is trading well above its long-term average price.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="409" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-1024x409.png" alt="" class="wp-image-469257" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-1024x409.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-300x120.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-767x306.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-1536x613.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-2048x817.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-376x150.png 376w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-877x350.png 877w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289-788x314.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-289.png 1772w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Tradingview" href="https://captainaltcoin.com/go/tradingview-3/" data-shortcode="true">TradingView</a>
 </figcaption>
</figure>
<p>However, the MACD (Moving Average Convergence Divergence) line is currently below the MACD signal line, indicating a bearish signal. This could suggest a potential short-term pullback, but DOGE’s long-term trajectory remains bullish, as the meme coin continues to defy expectations and solidify its position as the undisputed king of the meme coin realm.</p>
<p>Investors and enthusiasts alike will be closely watching the developments surrounding DOGE, especially with the highly anticipated DOGE Day just around the corner.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-outperforms-wif-pepe-and-other-top-meme-coins-heres-why/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Outperforms WIF, PEPE, and Other Top Meme Coins – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Outperforms WIF, PEPE, and Other Top Meme Coins – Here’s Why

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