Dogecoin

Rekt

Swing

Coin

<p>Dogecoin (DOGE) has hit a milestone by flipping a multi-year resistance level of $0.12650 into new support. According to a tweet by <a href="https://twitter.com/rektcapital/status/1787094599661469839" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, a prominent crypto analyst, this development marks the end of the macro downtrend that has been in place for an extended period.</p>
<p>The confirmation of a new macro uptrend is a bullish signal for DOGE, suggesting that the cryptocurrency may be poised for further growth in the coming months. This breakthrough could attract more investors and traders to the market, potentially driving up demand and the price of Dogecoin.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-1024x723.png" alt="" class="wp-image-487122" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-157.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="doge-consolidates-in-sideways-channel-presenting-opportunities-for-swing-traders">DOGE Consolidates in Sideways Channel, Presenting Opportunities for Swing Traders</h2>
<p>A recent technical analysis by altFINS provides further insights into Dogecoin’s current market structure and potential trading opportunities. DOGE is currently consolidating within a sideways channel, with support at $0.13 and resistance at $0.20. This neutral pattern indicates market indecision and presents opportunities for both swing traders and trend traders.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-1024x573.png" alt="" class="wp-image-487130" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-158-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<h3 class="wp-block-heading" id="swing-trading-strategy">Swing Trading Strategy</h3>
<p>Swing traders can capitalize on the current range-bound market by entering positions near the channel support at $0.13 and exiting near the horizontal resistance at $0.20. This strategy offers a potential gain of approximately 50%, with a suggested stop loss level at $0.12 to manage risk. Setting a price alert can help traders stay informed about potential entry and exit points.</p>
<p>For trend traders, waiting for a breakout in either direction is recommended. Typically, the breakout tends to occur in the direction of the existing trend. In the case of Dogecoin, the short-term and long-term trends are currently in an uptrend, while the medium-term trend remains neutral.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="momentum-and-support-resistance-levels">Momentum and Support/Resistance Levels</h2>
<p>Dogecoin’s momentum indicators present a mixed picture. The MACD (Moving Average Convergence Divergence) line is above the MACD signal line, suggesting a bullish momentum. However, the RSI (Relative Strength Index) is around 50, indicating a neutral market condition.</p>
<p>In terms of support and resistance levels, the nearest support zone for DOGE is located at $0.130, followed by $0.110. On the upside, the nearest resistance zone is at $0.200, with the next level at $0.250.</p>
<p><strong>Also checkout:&nbsp;<a href="https://captainaltcoin.com/analyst-shares-weekly-crypto-watchlist-bitcoin-btc-jito-jto-and-other-tokens-in-focus/" target="_blank" rel="noopener noreferrer nofollow">Analyst Shares Weekly Crypto Watchlist: Bitcoin (BTC), Jito (JTO) and Other Tokens in Focus</a></strong></p>
<p>The recent breakout of Dogecoin above a multi-year resistance level and the confirmation of a new macro uptrend are significant developments for the cryptocurrency. These bullish signals suggest that DOGE may be well-positioned for further growth in the near future.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/dogecoin-meme-coin-breaks-multi-year-resistance-doge-confirms-new-macro-uptrend/" rel="noopener noreferrer nofollow">Dogecoin Meme Coin Breaks Multi-Year Resistance, DOGE Confirms New Macro Uptrend</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Meme Coin Breaks Multi-Year Resistance, DOGE Confirms New Macro Uptrend

목차

CaptainAltcoin

2024년 5월 6일에 게재된 다른 기사

One Bitcoin Whale Moved $44 Million While Another Sold $14 Million

Anticipated Ethereum (ETH) Price Surge Could Ignite 100x Altseason in Q3 2024: Crypto Analysis

Here’s Why This Crypto Analyst Believes Bitcoin Is At A ‘Prime Buy Zone’

SEC vs. Ripple Lawsuit: XRP Soars Ahead of Key Decision

Solana Whales Accumulating SOL, Amid Bullishness from Franklin Templeton: What’s Next?

Binance Executive’s Trial in Nigeria Postponed Again; Legal Delays and Global Scrutiny Intensify

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!