Dogecoin

2024

<p><a href="https://www.thecoinrepublic.com/2024/06/23/top-5-dogecoin-wallets-for-securing-your-digital-shiba-inu-in-2024/">Dogecoin (DOGE)</a>, the well-known meme crypto, has experienced a big uptick in whale trades , with more than $61 million changing hands in just a few days. This surge in big transactions happens alongside some brief price dips.</p> 
<h2 class="wp-block-heading" id="h-doge-whales-activate"><strong>DOGE Whales Activate </strong></h2> 
<p>Data from Whale Alert shows that on July 20, a whale moved 400 million DOGE worth about $50.33 million, from Robinhood to an unknown wallet. On July 23, another <a href="https://whale-alert.io/transaction/dogecoin/240748902be411a9911ae4b8a0baf6a41c080280acaf0114a86477fe308a2004" target="_blank" rel="noreferrer noopener">transfer</a> happened – 77.65 million DOGE valued at around $10.82 million. These big moves suggest that major investors are more interested and might mean changes are coming in the market.</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"><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;"> <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;"> <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;"> 400,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (50,276,346 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a> to unknown wallet<a href="https://t.co/hddberQeJV">https://t.co/hddberQeJV</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1814441657841914056?ref_src=twsrc%5Etfw">July 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-dogecoin-price-struggles"><strong>Dogecoin Price Struggles</strong></h2> 
<p>As of writing, DOGE is trading at $0.1334 showing a drop of over 0.16% in the last day. Looking at the past week, its price has gone up by more than 5%.&nbsp;</p> 
<p>Analysts predict $0.15 is a crucial level that DOGE needs to pass to hit new peaks. Crypto expert RLinda <a href="https://www.tradingview.com/chart/DOGEUSDT/VfTkv34E-DOGE-The-bulls-are-overcoming-resistance-Trend-change/">noted</a> on TradingView that DOGE’s recent drop to about $0.106 might mean the coin still has support and could bounce back if it stays above $0.12.</p> 
<p>Dogecoin is facing several levels of resistance. Analyst Ben Walther <a href="https://coinmarketcap.com/community/post/338201001/" target="_blank" rel="noreferrer noopener">highlights</a> three main hurdles: the long-term EMA200 trend line, a resistance line from April, and a significant support/resistance level at $0.128. Overcoming these could push DOGE towards the next resistance level at $0.165.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="476" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-1024x476.png" alt="Dogecoin Price | Source: Ben Walther" class="wp-image-623714" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-1024x476.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-768x357.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-150x70.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-696x324.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114-1068x497.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-114.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Dogecoin Price | <em>Source: Ben Walther</em>
 </figcaption>
</figure> 
<p>DOGE’s current mood is split, with technical signs showing it’s overbought on the daily chart. This leads the market to consolidate, which might set up a possible breakout if DOGE clears crucial resistance points.</p> 
<p>Additionally, crypto analyst “Kev_Capital_TA” has noted a potential bullish signal for Dogecoin (DOGE), suggesting a “golden cross” might form in the next 2-3 weeks.&nbsp;</p> 
<figure class="wp-block-embed aligncenter 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"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is 2-3 green weeks away from seeing its first weekly golden cross in 4 years. The last time this occurred <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> went parabolic for 6 straight months going up 18,000%. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/Ow8JGMPndB">pic.twitter.com/Ow8JGMPndB</a></p>— Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1815925206562591168?ref_src=twsrc%5Etfw">July 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>A golden cross occurs when the 50-week moving average surpasses the 200-week moving average, often indicating a long-term bullish trend.&nbsp;</p> 
<p>Historically, this pattern led to an 18,000% price increase for DOGE in 2021. If a similar trend happens, DOGE’s price could reach around $23.40, though some experts are skeptical due to the current maturity of the crypto market and Dogecoin’s larger market cap.</p> 
<h2 class="wp-block-heading" id="h-analysts-bullish-on-doge"><strong>Analysts Bullish On DOGE </strong></h2> 
<p>Another crypto trader analyzed Dogecoin using the Vigor Index (RVGI), which tracks price momentum, strength and direction. The analysis revealed a shift from bearish to bullish momentum, indicating increasing buying pressure. This suggests that Dogecoin may be poised for a significant upward movement as buyers gain control.</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">Vigor never lies about <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>.<br><br>The Vigor Index (RVGI) measures the strength and direction of price momentum. When the RVGI crosses from low levels, it indicates:<br><br>1. Momentum Shift: A transition from bearish to bullish momentum.<br><br>2. Strong Signal: If RVGI crosses above its… <a href="https://t.co/f3hAdGzFnq">pic.twitter.com/f3hAdGzFnq</a></p>— Astro 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Astro1062) <a href="https://twitter.com/Astro1062/status/1816037674098081798?ref_src=twsrc%5Etfw">July 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Also, <a href="https://www.thecoinrepublic.com/2024/06/23/top-5-dogecoin-wallets-for-securing-your-digital-shiba-inu-in-2024/">Dogecoin</a> has hit a big milestone, with 90 million addresses now on its books, according to new data from IntoTheBlock. This jump in address numbers shows more people are getting interested in and using this well-known meme-based cryptocurrency.</p> 
<p>Dogecoin may be poised for a notable parabolic move, though market conditions, investor sentiment, and other factors could impact its price.&nbsp;&nbsp;</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/25/dogecoin-doge-whales-assemble-as-analysts-eye-bullish-breakout/">Dogecoin (DOGE) Whales Assemble as Analysts Eye Bullish Breakout</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Dogecoin (DOGE) Whales Assemble as Analysts Eye Bullish Breakout

Inhoudsopgave

Thecoinrepublic.com

Andere artikelen gepubliceerd op 25 jul 2024

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

BNB Investors On Alert As 100x Raboo Eclipses KAVA

Blockchain Game Infrastructure Oasys Beta Launches Oasys Spring To Enhance Smart Contract Deployment

Veteran Trader Explains Why Bitcoin and Crypto Markets Are Crashing

Cronos Labs-Backed Nexabot AI Launches AI-powered Crypto Trading Telegram Bot

Just In: Chevron Case Winning Lawyer Paul Clement Joins Coinbase Board

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!