Dogecoin's market cap recently broke a short-term downtrend and is now testing the 200-week moving average (WMA), a critical resistance level near $17.79 billion. This move suggests a potential recovery after a prolonged decline, with a rounded bottom pattern indicating a shift from selling pressure to buying interest. Additionally, the DOGE/COPPER ratio has broken its own downtrend, signaling early strength relative to copper. If Dogecoin clears the 200 WMA, it could target higher market cap levels around $21.5 billion and beyond. However, failure to break this resistance might lead to a retest of lower support zones between $13 billion and $15.5 billion. The overall setup points to a cautious but hopeful recovery phase for Dogecoin.
A newly created crypto wallet placed a $2.25 million, 10x leveraged long bet on 20 million Dogecoin (DOGE), signaling strong confidence in a price rise. This leveraged position has a liquidation price just under 10% below the current DOGE price, mean...
The crypto market lost $90.3 billion in value within an hour on May 16, driven by U.S. inflation data that exceeded forecasts and ended expectations for Federal Reserve rate cuts. Bitcoin dropped to $77,678, while major altcoins like Ethereum, XRP, S...
The cryptocurrency market experienced a decline with Bitcoin dropping 2.69% to $79,086 and major altcoins like Ethereum, XRP, and Solana also falling. Trading volumes across spot, stablecoin, and derivatives markets weakened significantly, signaling ...
Bitcoin dropped below $80,000 amid profit-taking and cooling crypto sentiment, with the Crypto Fear & Greed Index at a neutral 46. Over 127,000 traders were liquidated in the past 24 hours, totaling $440 million. Despite the pullback, analysts say th...
Bitcoin and Dogecoin are both struggling to break above their 200-day moving averages, with Bitcoin stuck below $82,000 and Dogecoin under $0.123. Despite Dogecoin's much smaller market cap, its price action closely mirrors Bitcoin's, highlighting st...
