● $DOGE Entry = $0.17000

● Targets:
⛳️ TP 1 = $0.16208
⛳️ TP 2 = $0.16000
⛳️ TP 3 = $0.15805

● Stop Loss = $0.17400

● Leverage = 25x

#DOGE #Dogecoin #doge⚡️ #DogeCoin #DOGE🔥🔥

Recent data indicates a rapid increase in Dogecoin adoption, with 413,800 new DOGE addresses emerging over the past two weeks.
In a recent post on X, Santiment, an analytics firm, discussed a trend related to Dogecoin’s Total Amount of Holders metric. This metric monitors the total number of wallets holding any amount of DOGE at present.
Dogecoin’s Total Amount of Holders: Insights and Trends
When the Total Amount of Holders metric for Dogecoin increases, it can be due to a few reasons. Existing investors might create new addresses to diversify their holdings, impacting the indicator’s value. However, a more likely reason for the increase is adoption. As new investors enter the network, they create new addresses and add balance to them, thus boosting the total number of holders. This uptrend in the indicator can offer insights into the pace of cryptocurrency adoption. Conversely, a decline may suggest users are exiting the cryptocurrency as they clean out their wallets.
The chart displaying the trend in Dogecoin’s Total Amount of Holders over the past year reveals a notable increase. In the last couple of weeks alone, the number of addresses with a non-zero balance surged by 413,800, marking a growth of about 7.2% for the indicator.

Remarkably, this surge represents the fastest growth in Dogecoin’s history, despite its recent sideways price movement following a previous decline.
While sharp price rallies typically attract new investors, Dogecoin’s recent adoption surge has occurred amidst price stagnation. Nevertheless, adoption is generally viewed as a positive sign for any cryptocurrency, as a larger user base can contribute to sustainable price moves. However, the positive effects of increased adoption may only manifest in the long term.
Dogecoin’s Recent Performance and Market Position
In recent times, Dogecoin has faced challenges, with its price predominantly consolidating. The provided chart illustrates the memecoin’s performance over the past month, showing its struggle to gain momentum.

Currently, Dogecoin is hovering around the $0.0785 level. However, its recent underperformance raises concerns about its position in the top 10 cryptocurrencies by market capitalization. Dogecoin is currently in a battle with Chainlink (LINK) to maintain its position on this list.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#DogeCoin #DOGE

Dogecoin (DOGE) has maintained its position near the $0.077 horizontal support level since the year began. Analysis of both daily and six-hour time frames, along with RSI readings, suggests a potential downtrend in DOGE’s price. Nevertheless, breaching the resistance trendline might trigger a rebound, defying bearish expectations.
DOGE price is currently trading within a long-term corrective pattern and a short-term bearish trend. It has revisited a horizontal support zone established since the beginning of the year. The critical question remains: will it bounce off this support level or break down?
The daily time frame analysis reveals a downward trajectory in DOGE’s price since its peak at $0.107 on December 11, 2023. This decline occurred within the confines of an ascending parallel channel that had been in place since June 2023.
Although Dogecoin experienced a rebound at the midline of this pattern, it faced rejection twice at the resistance trend line, marked by red icons on January 11 and 21, 2024, respectively. Currently, DOGE is trading near the midline of the channel.

In terms of momentum, the daily Relative Strength Index (RSI) provides a bearish indication. The RSI, a key momentum indicator used by traders to assess market conditions, suggests whether an asset is overbought or oversold, informing decisions to buy or sell.
With readings bove 50 and an upward trend indicating a bullish market sentiment, readings below 50 signal the opposite. Presently, the RSI sits below 50 (highlighted by a red circle), indicative of a bearish trend in DOGE’s price.
Dogecoin (DOGE) Six-Hour Time Frame Analysis
On the six-hour time frame, Dogecoin (DOGE) has been tracking beneath a descending resistance trend line since December 2023. This trend line, coupled with the $0.077 horizontal support level, has formed a descending triangle pattern, typically considered bearish.
Currently, DOGE hovers just above this crucial support area, while the Relative Strength Index (RSI) has dipped below the 50 mark (indicated by a red circle). A breakdown below this support level could potentially lead to a significant 27% decline, targeting the nearest support at $0.057.

However, despite the bearish outlook, a robust rebound from the $0.077 support zone could catalyze a breakout from the resistance trend line. This breakout scenario could prompt a 12% upswing, aiming for the next resistance level at $0.087.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#DogeCoin #DOGE

Dogecoin faces volatility: bulls struggle to break above $0.090 as bears push towards $0.084, marking a critical phase.
Analysis reveals: bounce at Fibonacci $0.0823 could initiate bullish accumulation; fall below $0.080 would signal bear market dominance.
Dogecoin is currently in a critical phase within the cryptocurrency market, demonstrating the constant struggle between buyers and sellers.
The formation of an asymmetrical triangle on the daily chart is a clear indicator of the indecision prevailing in the environment, with the bulls striving to keep the price above the $0.090 mark, while the bears have managed to prevail, reducing the value to $0.084 .

This situation raises a crucial question: what will Dogecoin’s next move in the market be?
Short-term and long-term growth prospects
Speculation around Dogecoin’s future has gained new momentum following projections by Ali Martinez, who suggests significant growth potential based on historical pattern analysis.
However, current technical analysis presents a mixed scenario. The Relative Strength Index (RSI) shows a trend towards decreasing bullish dominance, which could indicate an extension in price consolidation or even a downward adjustment if the RSI falls below 50.00.

Ali Martinez has ignited spirits within the community, positing a future where DOGE not only regains its value but potentially reaches $10. Sound fanciful? Perhaps, but we can’t ignore the technical signs that suggest otherwise.
The Relative Strength Index (RSI) warns us of a possible weakening of the bulls, while a bounce from the 0.236 Fibonacci level at $0.0823 could open the door to an uptrend.
A bounce from the 0.236 Fibonacci retracement level at $0.0823 could be the signal bullish investors need to initiate a new phase of accumulation, pointing to an immediate target of $0.133. However, a drop below $0.080 could confirm a shift towards a bear market, testing the resilience of support at $0.071.

Interpretation of the Supertrend and Money Flow Index (MFI) indicators adds additional layers of complexity to the analysis. While the Supertrend warns to exercise caution with a possible selling bias, the MFI shows increased buying interest, suggesting that there is still favorable capital flow into Dogecoin.
Against this backdrop, the trading strategy is geared towards watching key levels. Strategic buying around $0.083, taking advantage of potential bounces, and careful monitoring of resistance at $0.090, could position investors to capitalize on an eventual near-term uptrend towards $0.133.
Dogecoin is showing technical signals that reflect both risks and opportunities. While the vision of reaching $10 remains on the horizon as an ambitious target, the current reality calls for a cautious approach, adapting to market dynamics .
Dogecoin’s evolution will continue to be a reflection of the interplay between technical factors and investor psychology, keeping the community on alert for upcoming developments.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#DogeCoin #DOGE

The notable asset among the top 20 cryptocurrencies last week was DOGE. Dogecoin began to rise after Elon Musk made drastic decisions by changing the name of Twitter, the social media platform, to X. Elon Musk also added a Doji icon to his Twitter bio. This has led to increased demand for cryptocurrencies, fueling speculation that Doji could be used while structuring Twitter as a payment platform. After rising 18% to $0.083 at the start of the week, the Doge fell to $0.078 by the end of the week as earnings sales weighed down. The Doji rate increased by 9% week-on-week

Shiba Inu, positively impacted by Elon Musk's influence on the MEMIC currency market and developments in its ecosystem, became one of the prominent altcoins with an 8% increase in value yesterday. The price of Sheba rose and approached the range of $0.000008 with an increase of nearly 5% week-on-week after the last price volatility, becoming the second cryptocurrency in the list of the top 20 currencies

One of the highlights this week was the approval by the Senate of the bills voted on on cryptocurrency regulations in the US Senate

Cryptocurrencies with the highest profits and losses during the week

The top 5 winning cryptocurrencies among the top 100 cryptocurrencies this week came in as follows:

GMX : 13.32%

XDC: 12.44%

FLEX: 11.2%

Maker (MKR) : 10.78%

DOGE: 8.7%

The top 5 losing cryptocurrencies this week came in as follows:

Baby (PEPE): - 12,42%

GALA: - 12%

Toonquin (TON): - 10%

Injective (INJ) : - 9.65%

SUI): - 8.75%

#DogeCoin #shibaInu

There has been a 2% increase in the price of Dogecoin over the course of the last week.
The price increase is not sufficient to compensate for the large increase in network activity that was seen over the same time period.
As a result of downward positive momentum, the price movement of the coin has been rather muted, as shown by technical indicators.
The price of Dogecoin (DOGE) has seen a little increase of 2% over the last week, despite the fact that there has been an increase in the amount of user activity on its network over the same time period. However, despite the fact that the number of new addresses and active addresses involved in transactions involving the meme coin has increased, the price of the meme coin continues to suffer from a lack of positive enthusiasm.
The Dogecoin network experiences a surge of activity.
Data obtained by IntoTheBlock demonstrated that the demand for new addresses on the meme coin network has increased significantly over the last week, with a total of 890,000 new addresses being generated within that time frame. Within the last week, this resulted in a 134% increase in the number of new addresses that were generated for the purpose of trading DOGE.
Because of the growing demand for the currency, the number of addresses that are engaged in transactions using DOGE has also risen on a daily basis. This number has increased by 91% during the course of the last week.
It has been reported by IntoTheBlock that the rise in the number of new addresses for DOGE has led to a proportional increase in the new adoption rate of the meme currency. This measure monitors the daily proportion of new addresses that are making their first transaction out of the total number of active addresses. The insights it provides regarding the proportion of overall activity that is contributed by newcomers are quite important.
Over the last week, there has been a marked increase in the new adoption rate of DOGE. At the time of publication, it was at 78.33%, representing a rise of 24 percentage points over the course of the previous week.
The bulls of DOGE have a distinct strategy.
The low price response of DOGE over the last week may be attributable to the weak demand that continues to trail the cryptocurrency, despite the fact that user activity has increased.
The Awesome Oscillator (AO) of the meme currency was analyzed on the daily chart, and the results showed that the indicator had posted green bars that were heading downward during the course of the previous week.
An indication of weak bullish momentum is provided by the AO indicator of an asset when it displays green bars that are heading downward. This indicates that even if the price of the asset may be increasing, the momentum is at a low level and is continuing to decrease.

Even though there was a considerable increase in network activity on the chain, the price of DOGE only increased by 2%. This seems to have been the case with DOGE cryptocurrency. As of right now, the meme currency is trading at $0.079, representing a price drop of 13% over the course of the last month.
Both the Moving Average Convergence Divergence (MACD) line and the trend line of the currency stayed below zero, which confirmed the theory that bullish momentum remained low despite increasing activity on the Dogecoin network. The MACD line of the coin was located above the trend line.
The Parabolic SAR (Stop and Reverse) indicator of the coin was evaluated, and the results revealed that the lines that comprise the indication were located above the price of the coin at the time of the press presentation.
This indicator is used to determine the direction of the trend as well as reversals. When it is positioned above the price of an asset, many traders consider this to be the appropriate moment to either exit long holdings or begin short ones.

Bearish attitudes are beginning to build, and as a result, prudence is urged since it is possible that DOGE may lose all of its gains during the last week.
#Write2Earn #TrendingTopic #TradeNTell #DogeCoin