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Dogecoin News

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Cryptopotato

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3 Bullish Signals for Dogecoin as DOGE Battles Key Resistance Levels

  • Dogecoin's rally has stalled, but on-chain data suggests more upside movement is possible.
  • Whales have purchased over a billion DOGE in the past month, showing significant interest in the cryptocurrency.
  • Active addresses, transaction volumes, and whale activity for Dogecoin are increasing, indicating bullish signals for potential further upside.
  • DOGE is currently attempting to breach a major area of resistance, with analysts predicting a potential bull run if this level is reclaimed.

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Crypto-News-Flash

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Dogecoin Sees 990% Spike in Usage—Is cbDOGE Fueling the Next Bull Run?

  • Dogecoin's active addresses surged by 990% in one week, indicating renewed interest and speculation in a bullish trend.
  • Open interest for Dogecoin futures contracts rose over 66%, reaching $1.65 billion, showing increased traders' trust for potential price surges.
  • Coinbase's announcement of cbDOGE, a wrapped Dogecoin on the Base network, fueled expectations in trading and DeFi communities, suggesting institutional endorsement.
  • Analysts foresee Dogecoin starting a new price cycle as sentiments grow, with potential for a shift in token valuation and utility, especially with the launch of cbDOGE.

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TechBullion

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Bitcoin (BTC) holders can easily earn $3705 per day by launching Dogecoin (DOGE) mining rigs through blockchain cloud mining

  • Bitcoin holders can earn a daily income of $3705 by launching Dogecoin mining rigs through Blockchain Cloud Mining.
  • Blockchain Cloud Mining offers a more stable and controllable path for accumulating Bitcoin assets compared to traditional methods.
  • The platform focuses on compliance, green energy, and multiple cryptocurrency support, with no hidden fees and a referral program.
  • Users can earn daily income through cloud mining by registering an account, selecting a contract, and participating in mainstream currency mining without the need for hardware.

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Ambcrypto

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Dogecoin active addresses spike 15x, but why isn’t DOGE responding?

  • Dogecoin (DOGE) has witnessed a significant 15x spike in active addresses, indicating heightened user interest or large-scale distribution events.
  • Traders on Binance are stacking 3-to-1 long bets on DOGE, signaling anticipation of a potential rally, which could lead to sharp liquidations if the bullish momentum falters.
  • Despite the surge in on-chain activity and bullish sentiments among traders, DOGE's price struggled to break past $0.24 and has retreated to around $0.22 at the moment.
  • The on-chain frenzy and increased speculative interest have not yet translated into sustained price action, with DOGE currently consolidating and facing resistance around the upper Bollinger Band.

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Bitcoinist

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Dogecoin Price Targets Remain High As Bulls Eye New All-Time Highs

  • Dogecoin has broken free from its downtrend, with bullish momentum aiming for new all-time highs.
  • Technical indicators and current price action support a positive outlook for Dogecoin's price surge.
  • Analysts target Fibonacci Extension levels between $0.69068 and $0.82324, eyeing $1 ATH by summer.
  • Key support near $0.20 is crucial for sustaining bullish momentum; break below could lead to further losses.

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Bitcoinist

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Dogecoin Consolidates With Purpose As Breakout Hints At A Rally To $0.4

  • Dogecoin witnessed a pullback leading to a consolidation phase amid bearish market sentiment.
  • Trader Tardigrade highlighted that DOGE's consolidation phase could set the stage for a potential breakout to higher levels.
  • Key technical signals on the 1-day chart suggest a possible upward trend for Dogecoin, with the RSI MA ready to climb.
  • Growing momentum, along with an increase in active wallet addresses, indicates a promising outlook for Dogecoin's future rally towards the $0.4 mark.

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Zycrypto

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Dogecoin Bulls Contemplate 300% Increase After Mimicking Previous Falling Wedge Pattern

  • Dogecoin (DOGE) is potentially looking at a 300% increase if it follows the pattern of forming a falling wedge, similar to a previous instance that resulted in a 3x pump.
  • Based on the analysis of chartist Trader Tardigrade, DOGE's current price of $0.24 could surge to the $0.72 zone if the breakout occurs.
  • The cryptocurrency has shown an upward trend after forming a diamond bottom reversal pattern, indicating a potential shift from a downtrend to an uptrend.
  • Institutional inflows and reduced retail outflows have contributed to the bullish momentum of Dogecoin, with recent reports of crypto whales purchasing 100 million DOGE tokens.

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TronWeekly

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Dogecoin (DOGE) Could Reach $0.40 If This Resistance Level Is Cleared

  • Dogecoin has surged more than 35% in the past week, reaching a price of $0.232 amid renewed strength.
  • Analysts predict that a breakout above $0.24 could propel DOGE to $0.40 or even $0.48, with key resistance levels being monitored.
  • Market watchers foresee bullish trends, citing technical patterns like an inverse head-and-shoulders formation and a cup-shaped price pattern.
  • Increased network activity, rising interest from long-term holders, and the potential approval of a Dogecoin ETF indicate a positive outlook for Dogecoin's future.

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Bitcoinist

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Dogecoin Descending Channel Breakout Puts Price At $0.44 Next

  • Dogecoin (DOGE) recently broke out of a Descending Channel pattern, suggesting a shift from bearish to bullish, with a projected surge to $0.44 according to crypto analyst Jonathan Carter.
  • After trading downwards for months, Dogecoin broke out of a long-term Descending Channel on the 3-day chart. This breakout follows a significant rally triggered by breaking out of a Falling Wedge pattern in late 2023.
  • Dogecoin's Relative Strength Index (RSI) is approaching 75, indicating strong upward momentum but also hinting at potential overbought conditions. Analyst Jonathan Carter has set price targets at $0.287, $0.340, and $0.445 in the mid-term, with a support zone at $0.092.
  • Another analyst, named 'Ace of Trades,' has suggested that DOGE is experiencing a trend reversal, moving from accumulation to mark-up phase on the weekly chart. The RSI crossover above its Exponential Moving Average (EMA) signals growing bullish momentum, potentially propelling Dogecoin towards the $0.60 target.

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Newsbtc

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Where’s Next Major Dogecoin Resistance? On-Chain Data Points To This

  • On-chain data suggests upcoming Dogecoin level at $0.36 could act as a resistance wall based on investor cost basis distribution.
  • URPD indicator shows $0.21 as a prominent acquisition point for 7.5% of DOGE supply, while $0.36 marks acquisition of 3.8% of all tokens.
  • Investor psychology ties cost basis with potential reactions to price retests; significant levels may lead to buying or selling actions.
  • Levels at $0.21 and $0.36 could serve as important support and resistance zones respectively for Dogecoin, affecting market dynamics.

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Bitcoinist

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Dogecoin Flashes Pattern That Led To 30,000% Bull Rally In 2021

  • Dogecoin's recent rally is holding strong, with the price moving steadily from below $0.13 to the $0.22-$0.24 region.
  • Technical analysis suggests that Dogecoin is forming a pattern similar to the one before its 30,000% rally in 2021.
  • Trader Tardigrade highlights a repeating DOGE/BTC pattern on the 2W candlestick timeframe chart, indicating a potential breakout.
  • Analyst projects a 30,000% Dogecoin rally over several weeks, with a potential price target of around $70.

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Bitcoinist

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Dogecoin Eyes $0.56 Price Mark As Key Bullish Cross Hints At A Continued Uptrend

  • Dogecoin has rebounded strongly after a brief pullback, driven by bullish sentiment in the crypto market led by Bitcoin's rally.
  • Technical analysis indicates a Golden Cross in DOGE's 1-day chart, suggesting a potential shift from bearish to bullish market dynamics.
  • Trader Tardigrade predicts a rally towards the $0.56 level for Dogecoin in the coming weeks following the Golden Cross signal.
  • Dogecoin's Open Interest has surged by +63.9% in the last week while its price declined, indicating growing interest and speculative positioning.

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Bitcoinist

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Analyst Says XRP Must Hold This Level For Bullish Continuation To $4.2

  • XRP must hold above $2.50 to reach $4.2, according to crypto analyst Egrag Crypto.
  • Analyst emphasizes the importance of maintaining support levels at $2.50 or $2.42 for bullish momentum.
  • Crypto analyst Dark Defender predicts the 3rd wave for XRP, targeting a price of $5.
  • XRP price currently trading at around $2.58, up over 3% in the last 24 hours.

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TronWeekly

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Dogecoin Eyes Breakout as Bull Flag Forms, Analyst Targets a $0.37 Surge

  • Dogecoin is testing a Bull Flag pattern on the 4-hour chart, signaling potential upside.
  • A breakout above $0.247 could lead to a rally towards the $0.37 level.
  • Price range between $0.21 support and $0.36 resistance will shape upcoming movement.
  • Dogecoin's recent climb has brought optimism, with analysts monitoring the Bull Flag pattern and key support/resistance levels.

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Newsbtc

4d

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Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion

  • Despite a minor price pullback, interest in Dogecoin futures has surged to $1.62 billion, indicating persistent speculative positioning.
  • Dogecoin's price recently rallied from $0.16 to over $0.24, then eased back to the $0.22–$0.23 range, with traders maintaining optimism about the upward trend.
  • Funding rates remain positive, with futures traders mostly in long positions, potentially fueling a continued rally but also posing risks if the price declines.
  • Market analysts are closely watching Dogecoin's support level around $0.22; holding above this point could lead to a potential move towards $0.27, while a drop below may invite short seller pressure.

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