Doge

DOGE Jumps 17% Today, Here’s the Next Critical Target (Dogecoin Price Analysis)

DOGE did not disappoint in August with a 40% rally since the start of the month. The buyers managed to bring the price just under a key resistance which may put some breaks on this rally. Key Support levels: $0.076 Key Resistance levels: $0.09, $0.11 DOGE’s price exploded by 17% today and has hit the…

DOGE did not disappoint in August with a 40% rally since the start of the month. The buyers managed to bring the price just under a key resistance which may put some breaks on this rally.

Key Support levels: $0.076

Key Resistance levels: $0.09, $0.11

DOGE’s price exploded by 17% today and has hit the key resistance at $0.09. This is the upper limit of a large descending triangle that has been forming since the all-time high in May 2021. If the bulls manage to break above this triangle, then the next target will be found at $0.11. The support is at $0.076.

DOGEUSDT_2022-08-16_15-32-15 — Chart by TradingView

Technical Indicators

Trading Volume: Strong buy volume has taken DOGE much higher today. The big question is if buyers will be able to sustain this momentum.

RSI: The daily RSI is in the overbought area at over 70 points. This shows that buyers are eager to get exposure to DOGE, but they may also be caught off guard if bears are able to defend the key resistance.

MACD: The daily MACD is bullish with an expanding histogram and moving average. The current price action shows some euphoria, and this is reflected in the indicators as well.

DOGEUSDT_2022-08-16_15-31-44 — Chart by TradingView

Bias

The bias for DOGE is bullish, but watch the key resistance.

Short-Term Prediction for DOGE Price

If buyers are able to break the key resistance at $0.09, then DOGE will be more likely to enter a sustained recovery and quickly move towards $0.11. However, the price action for Bitcoin and Ethereum is bearish in the short term, and this may put a stop to DOGE’s rally at this time.

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Cryptocurrency charts by TradingView.

Doge

Dogecoin (DOGE) Jumps 5% Daily, Bitcoin (BTC) Rises Above $61K (Weekend Watch)

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000. The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps. BTC Above $61K Last weekend went under the rule of the…

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000.

The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps.

BTC Above $61K

Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively to $49,500, which became BTC’s lowest position in about half a year.

However, the asset started to recover some ground in the following days. This culminated on Friday morning with a surge to almost $63,000, meaning that bitcoin had reclaimed more than $13,000 in value in less than a week.

Nevertheless, the cryptocurrency failed to maintain its run and retraced by a few grand. Since then, the market has been choppy, but BTC has managed to remain above $61,000 in the past 24 hours.

Its market capitalization has risen above $1.2 trillion, while its dominance over the alts has declined slightly after the recent multi-year milestone and is just under 54% now.

Bitcoin/Price/Chart 11.08.2024. Source: TradingView

DOGE Shoots Up

Most altcoins have charted some gains in the past 24 hours, led by the largest meme coin. DOGE has shot up by 5% and has tapped $0.11 for the first time in days. Binance Coin is the other impressive gainer from the larger-cap alts, having surged by just over 4%. As a result, BNB sits above $530 now.

ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are also slightly in the green, while TON is the other larger-cap alts in the red.

Aptos and FET are the two top performers from the mid-cap cohort, with gains of 7% and 9%, respectively.

The total crypto market cap has added about $20 billion overnight and is at $2.245 trillion on CG now.

Cryptocurrency Market Overview. Source: QuantifyCrypto

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Cryptocurrency charts by TradingView.

Doge

This Popular Analyst Remains a Dogecoin (DOGE) Holder and Expects a New ATH Soon: Details

TL;DR Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend. Not Selling a Single Coin The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well…

TL;DR

Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns.
Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend.

Not Selling a Single Coin

The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well in the last week, witnessing a 7% price increase. In the past few days though, it briefly lost the momentum, with its price slipping to around $0.12 before spiking to $0.13 again (CoinGecko’s data).

According to the popular X user Ali Martinez, though, those price swings are part of a bullish path that could take DOGE to a new all-time high in the following months. He noted that the meme coin consolidated in a descending triangle in 2016 and 2021, followed by a triple-digit price rally later. The situation looks quite the same now, with Ali Martinez expecting a similar surge in the near term:

“Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run.”

The trader also admitted that he has only been buying more DOGE tokens as of late, not parting with a single one.

Other analysts envisioning a bright future for the meme coin include the X user Mags and KALEO. The former chipped in last month, claiming that the accumulation phase was over and it soon might be followed by a “parabola” stage that could push the price above $1.

For their part, KALEO argued that DOGE has the “secret” power to move sideways for extended periods, followed by “rapid, vertical growth.” The analyst went further, predicting that it may even outpace Bitcoin (BTC).

This Metric Signals an Uptrend

The DOGE Relative Strength Index (RSI) also suggests an incoming rally. It measures the change and speed of price movements, varying from 0 to 100. A ratio above 70 indicates a correction might be imminent, while lower points hint about an uptick. Currently, the RSI stands at 50.

It is worth noting that the metric hovered in approximately the same zone at the end of March and the beginning of April when DOGE’s valuation jumped above $0.22.

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Doge

Big Binance Announcement for Shiba Inu (SHIB) and Dogecoin (DOGE) Traders: Details

TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting…

TL;DR

Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards.
The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform.

‘Battle of the Meme’

The world’s largest cryptocurrency exchange – Binance – introduced an interesting initiative called “Battle of the meme: Doge vs Shiba Inu.” According to the terms, users can join the Dogecoin team or the rival one to complete daily missions and accumulate points.

“After the Activity concludes, we will calculate which team has accumulated the highest number of points on a collective basis,” the company said.

The winning team’s first 50,000 participants will each receive a reward up to $50. The losing team’s first 20,000 participants will also pocket similar rewards.

The top 25 users from the winning side (those who have the highest trading volume during the Promotion Period) will receive an additional $200 reward.

“Only users who confirm their participation in the Activity will be eligible for reward(s).To be considered an eligible participant, users must fulfill all the requirements during the Promotion Period,” the conditions read.

Participants must accumulate at least 3,000 activity points in total to be eligible for the giveaway. The winning team will be crowned on July 29.

Binance will hand out the rewards in the form of token vouchers within 30 business days after the end of the initiative. Eligible users should claim the vouchers within 15 days of distribution.

Binance and Meme Coins

This is not the first promotion the exchange has unveiled for meme coin traders. In April, it promised a total reward of 10,000 FDUSD (in token vouchers) to all users who have not traded on Binance Spot in the last 90 days.

To join the offering, eligible users had to accumulate a total trading volume of at least $100 on certain pairs such as SHIB/EUR, SHIB/USDT, DOGE/BTC, WIF/FDUSD, PEPE/FDUSD, PEPE/TRY, FLOKI/TRY, and many more.

In the following months, the company showed additional support to some popular meme coins. In June, it added WIF/EUR to Binance Spot and allowed trading bots services for the pair.

Earlier this week, the firm went even further, saying it will introduce WIF/USD perpetual contracts on July 23. These financial products allow users to speculate on the price movements of the underlying cryptocurrencies without owning them. They offer high leverage, don’t have an expiration date, and require traders to maintain a specific margin to keep positions open.

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