Dogecoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/dogecoin-price-analysis-analyst-maps-entry-levels-for-doge-price/">Dogecoin Price Analysis: Analyst Maps Entry Levels For DOGE Price</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the past two months, Dogecoin’s price has been following an upward trend within a larger channel, hinting at the possibility of a significant surge in the upcoming weeks. This popular meme coin is currently at a crucial juncture, as it tests a major resistance downtrend line. Additionally, it is encountering a “death cross” between the 50-week and 200-week Moving Averages (MA).</p> 
<p>Crypto experts are closely observing the situation. If the DOGE bulls manage to breach the year-to-date (YTD) resistance line, there’s a belief that the altcoin could experience a substantial rally, potentially surpassing 16 cents. Conversely, if the ongoing rejection persists, analysts speculate that the meme coin might revisit a key macro support level around $0.055.</p> 
<h2 id="poppes-analysis-and-entry-strategy-for-dogecoin-doge" data-name="poppes-analysis-and-entry-strategy-for-dogecoin-doge" class="wp-block-heading">Poppe’s Analysis and Entry Strategy for Dogecoin (DOGE)</h2> 
<p>For short-term crypto traders seeking quick gains, Poppe, a noted analyst, has provided insight into potential entry points for Dogecoin. According to Poppe, there’s a chance that Dogecoin’s price could dip toward a significant supply and demand zone of around $0.069 in the coming days.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Entry zone for <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>. <a href="https://t.co/26SwdTbYU2" rel="noopener noreferrer nofollow">pic.twitter.com/26SwdTbYU2</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1688438513887227904?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Should this price scenario unfold, Poppe suggests that traders interested in long positions can consider entering the market. It’s advised to implement appropriate stop-loss measures, with a target price of approximately 10 cents.</p> 
<p>However, it’s important to note that this suggested price setup could lose validity if Dogecoin’s price continues to decline in subsequent days, especially after retesting the support level around $0.069. In such a scenario, the extent of the bearish pressure on Dogecoin will largely depend on the overall outlook of the altcoin market and the price movement of Bitcoin.</p> 
<p>It’s worth highlighting that Dogecoin’s price action has displayed similarities with other medium-cap altcoins, despite its status as the leading meme coin. Various speculative factors have contributed to its price trajectory.</p>

Dogecoin Price Analysis: Analyst Maps Entry Levels For DOGE Price

Tabla de contenidos

CoinPedia News

Otros artículos publicados el 7 ago 2023

Ethereum holds above $1.8k, whale activity drops

PayPal Unveils PYUSD Stablecoin for Web3 and Small Payments

Goldman Sachs: Nilai Investasi AI Bisa Melesat ke US$200 Milyar di Tahun 2025

Forget Dogecoin, XDC Token Is the New King of Crypto Volatility

Binance Releases August Report For Proof of Reserves

Strategic Move by XRP Lawyer Sparks Speculation in SEC vs. Coinbase Battle

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!