Dogecoin

Source

bullish

<ul>
  
 <li>Dogecoin's market cap has surged by 5.14% and now stands at $15.29 billion.&nbsp;&nbsp;</li>   
 <li>The symmetrical triangle pattern on the daily chart signals a possible breakout.&nbsp;&nbsp;</li>   
 <li>MACD is close to the signal line and RSI is neutral, indicating an unaffected period.</li> 
</ul>   
Dogecoin (DOGE) has seen a 4.94% rise in its net value over the previous day, resulting&nbsp; in the coin having a net price of $0.1047. Speculating from the daily charts, the coin has been rising with a strong bullish trajectory over the past 24 hours, as can be seen from its present support and resistance levels. The day took off with a price tag of $0.09981 to a present price of $0.105, which is a price difference of $0.00519. This shows how investor engagement in the market was very high.   
<h2 class="wp-block-heading" id="h-dogecoin-market-cap-rises-as-price-nears-breakout-in-triangle-pattern">Dogecoin Market Cap Rises as Price Nears Breakout in Triangle Pattern</h2>   
Dogecoin has a market capitalization of $15.29 billion, with an increase of 5.14% over the past 24 hours, resulting in the coin being ranked as number 9 globally. According to the latest data from coinmarketcap, the trading volume performance of the coin differs with marketcap's trajectory. With a 20.78% decrease, the trading volume is currently valued at $794.3 million.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9cShQJNIcCrzcC1LCMqE_ewbe8Ps1EKJHlxpw_eHFKXlKW34JOLxENKBT6G3evYBjvJK612-XSgX4f4YqzBLA-h9djHF7vAeWHW2Egz8NbfRZfOUAUSsnkgrYjvXqwPcT-N6W5VElxyzQHKwp_80EYvxE?key=1-tmXSEFhdLwaJwf2Swyrw" alt="">
</figure>   
Source : <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noreferrer noopener">coinmarketcap</a>   
The daily chart for DOGE against the <a href="https://cryptonewsland.com/putin-signs-law-to-allow-bitcoin-and-cryptocurrency-mining-in-russia/" target="_blank" rel="noreferrer noopener">US </a>dollar on TradingView shows a developing symmetrical triangle pattern, indicating a potential breakout . Presently, the coin trades at $0.10566, experiencing a decline of 1.72%. The symmetrical triangle is formed by two trendlines, one being an upper descending line connecting the highs at points B and D and the other being a lower ascending line connecting the lows at points A and C. A regrouping period is expected, with a potential breakout expected as the price approaches its apex.   
<h2 class="wp-block-heading" id="h-dogecoin-nears-key-breakout-as-price-consolidates-in-triangle-pattern">Dogecoin Nears Key Breakout as Price Consolidates in Triangle Pattern</h2>   
The key support level is marked at $0.07397, which is indicated by the lower trending yellow line. This showcases a solid foundation of prices from where it had a rebound. On the upper side, the price faces resistance near $0.15000, as indicated by the green horizontal line, which signals a potential breakout. It could either be a further market increase or it could rebounce.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfCzEmNkkFK6cqNiQf00B4bAWGR14wgx3BKiQFjJLuLMDmTdmFU_5iIjyaAewHPdP5ra0dBlumCcZZNE8TIIxZ6Gqg1SqXI8kLVzg4ptMqilLDYkn0FY-JeL-RaMmEGLcxdVdIMPaS85NS5MERyoGm0N3c?key=1-tmXSEFhdLwaJwf2Swyrw" alt="">
</figure>   
Source: <a href="https://www.tradingview.com/chart/YP9EFueQ/?symbol=COINBASE%3ADOGEUSD" target="_blank" rel="noreferrer noopener">Tradingview</a>   
The Relative Strength Index (RSI) is yet at 41.70, an indication that the market is neutral or is in a period of reorganization, neither rising nor falling. The fact that the indicators lately coincide and head upwards gives hope of the market rebouncing upwards. However, the MACD line is slightly below the <a href="https://cryptonewsland.com/solana-based-etf-gets-the-green-light/" target="_blank" rel="noreferrer noopener">signal</a> line, an indication of a bearish crossover . But there are possibilities&nbsp; of a potential shift because the MACD histogram bars are close to zero and are gradually fading. 
The post <a href="https://cryptonewsland.com/dogecoin-sees-bullish-trend-as-price-integration-hints-at-possible-breakout/">Dogecoin Sees Bullish Trend as Price Integration Hints at Possible Breakout</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Dogecoin Sees Bullish Trend as Price Integration Hints at Possible Breakout

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