Future

Bitcoin

Dogecoin

April

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-eyes-leading-coins/" data-wpel-link="internal">Crypto Market Eyes Leading Coins</a><br></p>
<p style="text-align: justify">While the cryptocurrency market is enveloped in uncertainty, attention is turning to leading cryptocurrencies. <a href="https://coin-turk.com/bitcoin-bugun-yillik-rekorunu-kirdi-btc-herkesi-nasil-sasirtti" data-wpel-link="internal">Bitcoin</a> has dropped below $60,000 and risen again, while investors’ focus seemed to shift towards meme coins, notably <a href="https://en.coin-turk.com/dogecoin-price-trends-and-predictions/" data-wpel-link="internal">DOGE</a>, which appears worth examining.</p> 
<h2 style="text-align: justify" id="current-state-of-doge">Current State of DOGE</h2> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/dogecoin-yatirimcilari-uzgun-doge-neden-dusuyor" data-wpel-link="internal">Dogecoin</a></strong> (DOGE) has been under selling pressure, leading to a decline. <a href="https://en.coin-turk.com/bitcoin-halving-triggers-market-speculation/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-herkese-esit-miktarda-dagitilirsa-herkesin-ne-kadar-bitcoini-olur" data-wpel-link="internal">BTC</a>) has fallen below $60,000 several times but seems to be defending this level for now. Over a 24-hour period, there was a 4.3% drop, with the price at $60,200.</p> 
<p style="text-align: justify">Alongside this drop, DOGE also continued to see transactions in short, low ranges. During this time, the price of DOGE in Turkish Lira was calculated at 4.29 TRY, indicating an 8% drop.</p> 
<p style="text-align: justify">The number of investors in <a href="https://en.coin-turk.com/dogecoin-miners-significant-sales-and-its-impact-on-price-dynamics/" data-wpel-link="internal">Dogecoin</a> has increased since April. Even this increase might not be enough to drive a price rise. Moreover, the market outlook still signals fear, and meme coins could be moving towards new lows accordingly.</p> 
<h2 style="text-align: justify" id="doge-price-movement">DOGE Price Movement</h2> 
<p style="text-align: justify">Currently, DOGE has fallen to $0.1313, with a range (purple) forming between $0.14 and $0.165. The mid-level served as support and resistance in April, contributing to the existence of this range. The CMF indicator pointed to noticeable capital outflows in the market, standing at -0.09.</p> 
<p style="text-align: justify">The 12-hour RSI was at 37, directly indicating a downward momentum. This view could be interpreted as a reflection of the losses experienced over the past five days. The low price range being at the 78.6% Fibonacci retracement level continued to encourage investors.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346439" src="https://coin-turk.com/wp-content/uploads/2024/04/doge-usdt-coin-turk-com.png" alt="" width="586" height="289"></p> 
<p style="text-align: justify">Despite the bearish outlook, the market entry and loss mitigation potential for interested investors were being acknowledged. However, indicators suggested that larger losses could occur in the future.</p> 
<h2 style="text-align: justify" id="the-future-of-doge">The Future of DOGE</h2> 
<p style="text-align: justify"><strong>Coinalyze</strong> data showed low capital inflow into the market, with clearer data from the CMF. Open Interest showed a steady decline approaching recent days, indicating that speculators were not very eager to bid.</p> 
<p style="text-align: justify">The Spot CVD had been in a steady decline since April 22. Moreover, although the declining trend seemed to have paused in the last 24 hours, a new drop appeared to reignite it.</p> 
<p style="text-align: justify">Nevertheless, if the Spot CVD can climb above this level, it could create an encouraging environment for investors wanting to buy at the range’s low levels.</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/crypto-market-eyes-leading-coins/" data-wpel-link="internal">Crypto Market Eyes Leading Coins</a></h5>

Crypto Market Eyes Leading Coins

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