Dogecoin (DOGE) is presently trading at $0.1522, marking a 1.77% decline over the past 24 hours. The coin holds the 9th position on CoinMarketCap, boasting a market cap of $22 billion and a circulating supply of 144 billion DOGE coins. The daily trading volume stands at $819 million.
On the 4-hour chart, DOGE exhibits a pivot point at $0.15100, indicating a bullish stance. Immediate resistance levels are identified at $0.15950, followed by $0.16980 and $0.18440. Conversely, support lies at $0.14270, with further levels at $0.13240 and $0.12030. The Relative Strength Index (RSI) currently sits at 53, indicating neutral conditions. Additionally, the 50-day Exponential Moving Average (EMA) stands at $0.15130, affirming a bullish market sentiment above this level.
DOGE has formed a symmetrical triangle pattern, with a significant obstacle near the $0.1545 mark. Meanwhile, support remains steadfast around $0.1513, reinforced by the 50-day EMA.
Should DOGE maintain its position above the $0.15100 pivot point, upward momentum could propel prices towards resistance levels at $0.15950, $0.16980, and $0.18440. Conversely, a breach below this pivot point might trigger a bearish trend, pushing prices towards support levels at $0.14270, $0.13240, and $0.12030. The market's reaction at these critical levels will dictate DOGE's near-term trajectory.
In summary, DOGE's technical outlook remains bullish above the $0.15100 pivot point. Overcoming the immediate resistance at $0.15950 is pivotal, followed by challenges at $0.16980 and $0.18440. The RSI's current level suggests potential for further gains, although vigilance is advised if DOGE dips below the pivot point. The presence of the 50-day EMA at $0.15130 reinforces the ongoing uptrend, lending support to DOGE's bullish prospects.
Elon Musk denied US government plans to adopt Dogecoin, stating D.O.G.E. was named through online consultations to improve efficiency. Following his remarks, Dogecoin's price fell nearly 10% in a week. Is Musk’s support for the meme coin fading?
KikyoHouse of Doge’s 10M DOGE purchase boosts mainstream adoption, making Dogecoin a faster payment option. The Official Dogecoin Reserve will serve as a liquidity pool for global merchants. Bullish indicators suggest a potential 16% price surge.
KikyoThe SEC confirmed that Bitcoin mining does not involve securities and does not require registration. This decision removes uncertainty for miners and reflects a policy shift under new leadership.
WeatherlyDogecoin, born as a playful crypto parody, has grown into a global force with a generous community. Beyond its meme origins, it has spent more than a decade supporting charities and grassroots causes. How far has its philanthropy reached?
CatherineAn IndyCar team co-owned by David Letterman will showcase a Dogecoin-themed car at this year's Indianapolis 500, with fans choosing the wrap design.
CatherineRobinhood Trivia Live is offering over $2 million in Bitcoin and Dogecoin prizes this Wednesday and Thursday. Will this become a weekly competition or a just one-time game?
CatherineElon Musk, who is currently spearheading the newly established Department of Government efficiency (DOGE), is hoping to use blockchain to enhance transparency in government spending, secure data, and streamline payments.
XingChiBitwise registered a trust for a potential Dogecoin ETF in Delaware. Dogecoin's price surged following the news.
AnaisA recent study found that most crypto advice on TikTok is misleading, with over half of videos promoting risky investments without proper warnings. Many influencers push specific coins, make unrealistic promises, and lack proper qualifications, putting viewers at high financial risk.
WeatherlyBilly Markus, the founder of Dogecoin, recently shared regret about selling 37.37 bitcoins in 2015 for $424,152.54 — a decision that would now be worth over $368 million. Despite stepping away from Dogecoin in 2015, Markus reflects on its impact as a cultural icon while highlighting its true value lies in its community and shared ideals, not just market performance.
WeatherlyBinance Launchpool will launch the 50th project Ethena (ENA). What is the valuation of Ethena (ENA)?
JinseFinanceThe decentralized exchange holds over $390 million in locked tokens as of Tuesday.
Coindesk
Nell
NulltxWe've seen play-to-earn and move-to-earn, now it's time for wear-to-earn — and these 10,000 NFTs can be redeemed for distinctive physical T-shirts.
Cointelegraphearn it
链向资讯Flow announced the launch of a USD 725 million ecological fund, which will focus on games, infrastructure, DeFi, and content and creators, aiming to provide Flow ecological projects and developers with product development, product expansion, team expansion, and user acquisition. and general operational support.
链向资讯This article will talk about these innovations and how the Web3 to Earn project has more vitality.
FtftxWhat is the essence of X to Earn? Does everything really need to Earn?
链向资讯Does it look like the move-to-earn games are the next big thing in the gaming sector? Genopets and Dustland Runner, STEPN and others are making moves to make it happen.
Cointelegraph
