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Dogecoin News
Cryptonews
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Greed Returns to Crypto as Analysts Call for Bull Run Into ‘Uncharted Territory’
- Bitcoin approaches US$70k, marking a 10.68% increase this week.
- Dogecoin emerges as the top performer with a 30% weekly surge.
- Crypto Fear & Greed Index reaches the highest level in October, indicating a greed-driven market.
- Analysts believe Bitcoin may enter uncharted territory driven by retail and institutional interest.
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Newsbtc
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Dogecoin Flashes Sell Signal After 30% Rally – Time To Sell?
- Meme coin Dogecoin is flashing a sell signal after a 30% rally in seven days.
- The TD Sequential indicator suggests a potential price correction in the short term.
- Dogecoin is overbought, indicated by the elevated RSI level.
- While a pullback is possible, there is still optimism for a price rally in the future.
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Bravenewcoin
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Image Credit: Bravenewcoin
Dogecoin Soars, Is Doge Getting Ready to Fly?
- Elon Musk has introduced a new idea called 'Department of Government Efficiency' or D.O.G.E. which would cut waste to streamline government spending using a corporate-style approach. Following the announcement, Dogecoin rose 7% and broke the 13-cent mark for the first time since July.
- Dogecoin has long been tied to Musk's tweets and endorsements, gaining attention each time he mentions it. When Musk connected the idea of D.O.G.E with actual governance, crypto traders jumped on the opportunity. Within hours, DOGE-denominated futures contracts surged.
- If Trump wins, the potential for D.O.G.E to become a reality could be more than just internet fun, it could become a disruptive government reform.
- Tesla has long flirted with Dogecoin, keeping it in the spotlight. At the town hall event, Musk acknowledged the meme-driven success of Dogecoin, emphasizing that its power lies in its simplicity and fun.
- Trump's plan would task the D.O.G.E with auditing government spending and proposing sweeping reforms within six months. It's an ambitious timeline, and Musk has responded with a simple 'Happy to serve'.
- Without the usual presales or venture capital backing, Dogecoin has remained fiercely egalitarian, with no insider benefits or elaborate marketing. Its value comes not from promises of revolutionizing industries, but from the shared culture and irreverent humor it represents.
- As the world watches, both Dogecoin and D.O.G.E seem poised to become more than just internet curiosities. With Musk at the forefront, could D.O.G.E become a new fixture in American governance?
- Dogecoin's whimsical nature has never felt more serious. With Musk at the helm, speculation and fun are riding high, and Doge supporters are hoping it can finally hit the $1 mark this cycle.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Analyst Says Dogecoin Is Sucking Liquidity From Meme Coin Market
- An analyst suggests Dogecoin (DOGE) is sucking liquidity from the entire meme coin ecosystem.
- DOGE typically surges in value during altseason, leaving other altcoins rather unchanged.
- DOGE's open interest has climbed to $1.06 billion, reflecting growing optimism among traders.
- DOGE's recent performance and market cap indicate a possible comeback for meme coins.
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Bitcoinist
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Image Credit: Bitcoinist
Dogecoin Back On Top In Meme Coin Race – What’s Driving This Double-Digit Price Rally?
- Dogecoin reclaims its throne among meme coins, outperforming others in gains.
- It is also outperforming every other major cryptocurrency in the top 20 rankings.
- Recent rally driven by Bitcoin's surge and speculation around Tesla's potential interest in Dogecoin.
- Dogecoin price expected to continue rallying towards the $0.2 price point.
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Bitcoinist
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Image Credit: Bitcoinist
Dogecoin Reaches $0.1491 As RSI Flashes Overbought: Is A Correction Coming?
- Dogecoin's price surge to $0.1491 has pushed the RSI into overbought territory, signaling a potential shift in momentum.
- The RSI climbing above 70% suggests that DOGE may be overvalued, raising the possibility of a price correction.
- Dogecoin's price is showing signs of a bearish reversal after failing to break above the $0.1491 resistance level, indicating a potential short-term correction in the market.
- The elevated RSI levels and rejection wick on the daily chart indicate potential weakness and a possible price reversal for DOGE.
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Bitcoinist
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Image Credit: Bitcoinist
Elon Musk Is Back To Shilling Dogecoin, Is A 36,000% Rally Possible Again?
- Elon Musk is back to supporting Dogecoin indirectly, raising the possibility of a 36,000% rally.
- Musk proposed the name 'Department of Government Efficiency' (D.O.G.E) in a political move.
- Dogecoin's price has surged by 31% in the last seven days due to Musk's continuous use of the 'D.O.G.E' term.
- While a 36,000% rally like in 2021 is unlikely, analysts predict Dogecoin's price could reach double digits.
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TronWeekly
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Image Credit: TronWeekly
Dogecoin’s 30% Rally Sparks $1 Speculation: Are Traders Prepared?
- Dogecoin has surged over 30% in one week, reaching $0.14, outperforming larger altcoins.
- Crypto traders highlight bullish triangular patterns suggesting a potential breakout towards the $1 mark.
- Elon Musk's continued support and political involvement add momentum to Dogecoin's price prospects.
- Supertrend and golden cross indicators signal optimism for Dogecoin's future price movements.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Dogecoin and Floki Inu Shine as Top Meme Coin Gainers Today
- Dogecoin and Floki Inu have emerged as two of the top five daily gainers in the major crypto market.
- Increased open interest signals growing optimism among traders for Dogecoin and Floki Inu's upcoming rally.
- Dogecoin's open interest has skyrocketed to $1.07 billion, indicating a positive sentiment and more activity around the token.
- Floki Inu also shows bullish momentum with a 17.15% rise in open interest, suggesting a potential significant comeback for the token.
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Crypto-News-Flash
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273
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Elon Musk Sparks Dogecoin Price Gain with Recent Take on D.O.G.E.
- Elon Musk's comments about the Department of Government Efficiency (D.O.G.E) caused a surge in Dogecoin's price, rising by 11.68% in 24 hours.
- Musk's support for Dogecoin has a history of influencing its price and attracting legal challenges and positive support.
- Musk's backing of Donald Trump and his political activities have contributed to the speculation of friendlier regulations towards cryptocurrencies.
- There is speculation that Dogecoin may be considered for ETF approval, which could attract new investors and institutional investment.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Bullish Momentum Builds for Dogecoin as On-Chain Data Shows Growth
- On-chain metrics reveal a bullish bias for Dogecoin, with open interest for DOGE futures worth more than $800 million.
- The number of active Dogecoin addresses has surged to 133,880, an eight-month high indicating rising network engagement.
- The DOGE price has jumped 7.30% over the last 24 hours, reaching over $0.145, with a 23% increase in trading volume.
- Whales have accumulated 2.07 billion DOGE, suggesting renewed interest from large-scale investors.
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NullTX
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Image Credit: NullTX
DOGECOIN PRICE ANALYSIS & PREDICTION (October 19) – Doge Breaks Out Following 23% Weekly Gains, Signals Bullish
- Doge breaks out following 23% weekly gains, signals bullish.
- Doge recovered and broke through an important resistance level.
- The price surge triggered a shift in market structure and a bullish outlook.
- Key levels to watch are $0.143 resistance and $0.115 support.
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Newsbtc
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238
Image Credit: Newsbtc
Based On Historical Pattern: Dogecoin Is On Track For Over 400% Rally, Analyst Reveals
- Dogecoin (DOGE) may be on track for a massive rally based on its historical pattern.
- Crypto analyst Javon Marks predicts a potential 431% price increase for Dogecoin, supported by a historical falling wedge pattern.
- Recent price performance shows DOGE gaining momentum with a 23% surge in the past 7 days.
- Trader Tardigrade also highlights a shift in Dogecoin's market structure from a downtrend to an uptrend.
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Bitcoinist
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Image Credit: Bitcoinist
Crypto Analyst Says Dogecoin Price Could Pull An XRP This Cycle, What This Means
- Crypto analyst Tony Severino suggests that the Dogecoin price may mirror XRP's performance during the previous bull market.
- XRP faced challenges in breaking past its previous peak in the 2021 bull run, similar to Dogecoin's current price action.
- Dogecoin's price was recently rejected at the 0.5 Fibonacci extension level, indicating potential suppressed growth in the current bull cycle.
- There are debates on whether Dogecoin's price action will follow XRP's path or diverge due to its different associations.
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Bitcoinik
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Image Credit: Bitcoinik
Amid Rally in Dogecoin Price, Doge Fan Elon Musk Talks About DOGE
- Elon Musk indirectly talked about DOGE, grabbing the attention of Dogecoin investors.
- The current trade price of Dogecoin is $0.1375, which is 24% higher over the last 7 days.
- Elon Musk indirectly promoted Dogecoin by mentioning the “Department of Government Efficiency (DOGE)” under Donald Trump’s presidential campaign.
- Dogecoin has become a prominent digital asset, largely due to Elon Musk’s support and his constant engagement with the community.
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