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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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Doge

DOGE Soars 6 Percent, BTC Stuck At $17K Despite Low Trading Volumes (WeekendWatch)

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC. Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC…

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC.

Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise.

Bitcoin Boring at $17K

Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any further declines.

More volatility was to be expected mid-week, when Jerome Powell, the US Fed Chair, announced the latest interest rates hike and the country’s employment report on Friday.

However, both events didn’t offer much price action , like previous occasions. Bitcoin remained relatively calm at around $17,000, except for a price pump above that level to chart a two-week high.

As the current weekend approached and arrived, BTC stood at $17,000 and has remained there. The trading volumes are down once more. Bitcoin’s market cap is still under $330 billion, while its dominance over the alts is at 38.3%.

DOGE Jumps 6 %

Most altcoins are following BTC’s weekend performance, but with very few substantial movements.

Ethereum has lost around 1% of value in the past 24 hours and has dumped towards $1,250. Binance Coin and Ripple, Cardano. Polygon. Polkadot. Shiba Inu. Litecoin are all at the same level as yesterday.

Dogecoin, the only exception to the larger-cap alts, is up by 6%. The OG memecoin trades at $0.1 and is up by 6% per day.

CELO and NEXO have also gained impressive percentages daily, up by 16% and 10%, respectively.

Overall, though, the crypto market cap has remained at the same place at $855 billion on CoinMarketCap.

Cryptocurrency Market Overview. Source: Quantify Crypto

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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

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Doge

Dogecoin jumps 9%, Fantom explodes 15% (MarketWatch)

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars. Some altcoins outperformed BTC though, such as Dogecoin and Litecoin. Bitcoin Touched $16K Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500…

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars.

Some altcoins outperformed BTC though, such as Dogecoin and Litecoin.

Bitcoin Touched $16K

Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500 in a few days. BTC was pushed north by the bulls who reacted to this fall. The asset jumped above $16,000, and even tried to challenge $17,000 by the end of the working week but to no avail.

The weekend was marked by a lack of volatility. Similar to the previous one, bitcoin calmed and stood around $16,500 for almost all of it.

The situation changed on Monday when the cryptocurrency dipped toward $16,000 and eventually touched that round-numbered line as reports claimed that minors are close to capitulating.

BTC reacted well at this point, though, and bounced off to its current level of approximately $16,500. This came amid on-chain analysis suggesting that smaller bitcoin investors had accumulated massive portions following the FTX saga.

FTM and DOGE, LTC Stand out

The alternative coins went through some notable price drops yesterday, especially Solana, Binance Coin, and Litecoin. However, the landscape is quite different now.

After dropping by 6% 24 hours ago, LTC has jumped by 6.6% now and trades above $75. Remember that LTC reached a six month peak last week.

BNB has reclaimed $300 following a 3% increase on the day. Cardano and Polkadot, Cardano, Polygon and Shiba Inu are all slightly greener than the larger-cap alts.

Dogecoin is the best performer from the top 10. DOGE has risen 8.5% to $0.1.

Fantom’s native token has soared the most from the top 100. FTM has added approximately 15% of value in a day and trades north of $0.2.

The crypto market cap has regained $15 billion since yesterday and stands at $835 billion now.

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