Dogecoin

bullish

Memecoin

<p><a href="https://captainaltcoin.com/dogecoin-doge-price-analysis-suggests-early-growth-potential-can-the-memecoin-reach-18/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> traders are facing bearish trends as analyst and trader CryptoJobs3 shared a detailed market analysis warning of potential price dips. In a tweet, the analyst confirmed a bearish breakout and highlighted key levels to monitor, emphasizing the importance of caution before initiating long positions.</p>
<h3 class="wp-block-heading" id="strong-bearish-breakout-confirmed-on-h4-chart-strong"><strong>Bearish Breakout Confirmed on H4 Chart</strong></h3>
<p>CryptoJobs3’s analysis points to a bearish breakout on the 4-hour (H4) chart, where the price recently failed to reclaim a crucial upward trendline near $0.40. This retest rejection solidified the bearish trajectory.</p>
<p>At publication, DOGE was <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">trading at $0.3964</a>, reflecting a 2.60% decline, with further downside momentum anticipated.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> <br>Bearish breakout &amp; retest confirmed! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> [H4]<br><br>The bearish correction isn't over yet!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Key support to watch on: 0.3400 – 0.3500$ <br><br>Prices could even retrace toward 0.300 or 0.2800$ on the weekly view! <br><br>I recommend to wait for bull reversal signs if you intend to long!… <a href="https://t.co/duzuoLsTv6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/duzuoLsTv6</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9.png" alt="🧙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto_Jobs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d9-200d-2642-fe0f.png" alt="🧙‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA &amp; FA <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoJobs3) <a href="https://twitter.com/CryptoJobs3/status/1866508705614721288?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 10, 2024</a>
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<p>The analyst identified immediate resistance at $0.40, which aligns with the retest level, and an upper resistance zone at $0.48206, though this higher level appears irrelevant given the current bearish scenario.&nbsp;</p>
<p>On the support side, the $0.34779–$0.3400 range is noted as a pivotal zone. A breach of this range could lead to an accelerated descent toward the $0.30 and $0.2800 levels.</p>
<h3 class="wp-block-heading" id="strong-weekly-chart-signals-deeper-corrections-strong"><strong>Weekly Chart Signals Deeper Corrections</strong></h3>
<p>The weekly DOGE chart offers additional insights into the bearish outlook. Following a parabolic rise to $0.51402, Dogecoin failed to sustain gains and experienced a sharp reversal.&nbsp;</p>
<p>The Ichimoku Cloud analysis further underscores the downward momentum, with DOGE falling below key Ichimoku levels and appearing to head toward the flat Kijun-sen (baseline) around $0.30–$0.28.</p>
<p>Support zones on the weekly chart include $0.34779 as an initial level, while the deeper $0.30–$0.28 range represents a possible target if <a href="https://www.tronweekly.com/dogecoin-dips-analysts-see-buy-opportunity/" target="_blank" rel="noopener noreferrer nofollow">selling pressure continues</a>.&nbsp;</p>
<p>Resistance zones remain unchanged, with $0.40 acting as a cap and $0.51402 as a long-term upper threshold unlikely to be tested soon.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/this-chart-explains-why-the-render-price-could-be-ready-for-a-rally-to-13/" target="_blank" rel="noopener noreferrer nofollow"><em>This Chart Explains Why the RENDER Price Could Be Ready for a Rally to $13</em></a></p>
<h3 class="wp-block-heading" id="strong-tweet-analysis-reflects-bearish-sentiment-strong"><strong>Tweet Analysis Reflects Bearish Sentiment</strong></h3>
<p>CryptoJobs3’s tweet confirmed the bearish correction, urging caution for traders.&nbsp;</p>
<p>The analyst highlighted the ongoing bearish trend and recommended waiting for clear bullish reversal signs before considering long positions. The callout of the $0.3400–$0.3500 support zone, along with the potential drop to $0.30 or $0.28, aligns with the technical analysis presented.</p>
<p>Dogecoin’s current price action suggests that the bearish correction is not yet complete. With support and resistance levels clear, traders should monitor these zones. The key to navigating the market lies in waiting for bullish signals before initiating long positions, as CryptoJobs3 emphasized in their analysis.</p>
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<p>The post <a href="https://captainaltcoin.com/memecoin-trader-warns-of-further-dogecoin-doge-price-dip-what-to-watch/" rel="noopener noreferrer nofollow">Memecoin Trader Warns of Further Dogecoin (DOGE) Price Dip: What to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Memecoin Trader Warns of Further Dogecoin (DOGE) Price Dip: What to Watch

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