Sunday, February 5, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Dogecoin price provides sidelined buyers another opportunity before a 50% rally

bitwolf by bitwolf
September 28, 2022
in Dogecoin
0 0
0
Home Dogecoin


  • Dogecoin worth slips again into the $0.0587 and $0.0650 boundaries after the current Bitcoin sell-off.
  • This retracement may very well be a very good place for a swing lengthy, however for now, traders can count on a 12% run-up to $0.0650.
  • A each day candlestick shut under $0.0491 will invalidate the bullish theiss for DOGE.

Dogecoin worth undid its gains seen between September 21 and 24 because it got here tumbling down, following the footsteps of Bitcoin worth. This downtrend has offered sidelined consumers an opportunity to build up earlier than the inevitable explosion of bullish momentum that triggers an exponential rally. 

Dogecoin worth again to the pavilion

Dogecoin worth rallied 22% between September 21 and 24, which allowed it arrange a swing excessive at $0.0683. Nevertheless, the momentum waned and the market situations deteriorated, triggering a sell-off that undid this achieve, pushing it again between the $0.0587 to $0.0650 boundaries. 

From scalpers’ perspective, the current sell-off is an effective alternative to lengthy the help and e book earnings on the resistance degree. In whole, this transfer may represent a 12% achieve. Moreover, if Bitcoin worth is completed crashing, the present degree is an effective place to enter a swing-long place. 

From a swing perspective, Dogecoin worth has the prospect to interrupt the multi-year declining pattern line and sweep the equal highs at $0.0890. This run-up would constitute a 51% gain and is probably going the place the upside may very well be capped for DOGE.

DOGE/USDT 1-day chart

DOGE/USDT 1-day chart

Whereas issues are wanting up for Dogecoin worth, a failure to maintain the $0.0587 help degree will point out weak point amongst consumers and opens up the prospect for sellers to takeover. If DOGE produces a each day candlestick shut under the $0.0491 to $0.0587 demand zone, it is going to invalidate the bullish thesis and probably set off a sell-off to $0.0471.

 



Source link

Related

Tags: buyersDogecoinopportunitypricerallysidelined
ShareTweetShare
bitwolf

bitwolf

Next Post
Bitget ranks as the top cryptocurrency derivatives exchange with zero trading fees

Bitget ranks as the top cryptocurrency derivatives exchange with zero trading fees

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 5, 2023
Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

February 5, 2023
How AI can make the metaverse a more interactive space

How AI can make the metaverse a more interactive space

February 5, 2023
Tax strategies allow crypto investors to offset losses

Tax strategies allow crypto investors to offset losses

February 5, 2023

Recent News

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 5, 2023
Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

February 5, 2023
How AI can make the metaverse a more interactive space

How AI can make the metaverse a more interactive space

February 5, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs Polygon price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In