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Dogecoinanalysis

$DOGEUSDT DogecoinWhat is Dogecoin (DOGE)? Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply. Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes. The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Long
by BADQOMOCAWGOWLD
2
Ascending wedge: The big Altcoin flush out is coming in 2024This feels very plausible, if this happens it's probably the entire space getting regulated similar to what happened to the internet after the dotcom bubble finally reached a melt up point. Prepare for the madness. If this happens bitcoin will not become the new gold standard but instead CBDCs will enslave the world. SDR took over back on August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. Blockchain projects like Ripple Labs and Algorand would become a part of ISO20022 to digitize existing ISO 4217 (XDR) Special Drawing Rights. "The XDR comes to prominence when the U.S. dollar is weak or otherwise unsuitable to be a foreign exchange reserve asset. This usually manifests itself as an allocation of XDRs to IMF member countries. Distrust of the U.S. dollar is not the only stated reason allocations have been made, however. One of its first roles was to alleviate an expected shortfall of U.S. dollars c. 1970" Under this scenario: Dogecoin (equivalent to Pets dotcom back in the days), Ethereum (equivalent to Netscape back in the days). Would literally die after 2024. It's a complete Altcoin flushout and altcoin apocalypse for many. The new digital Gold, or Bitcoin, would also tank until equivalent to 2003 and would eventually hit new all time high which could be anywhere between 90k to 130k (keep in mind that Gold has only hit 66k per kilogram, so maybe peak is already in for Bitcoin unless Gold hits a new all time historic high). Overtime, Bitcoin and Gold could move together. To think Bitcoin will hit a million dollars under this narrative is not and wouldn't be realistic at all, unless there is hyperinflation in the US amidst a total dollar collapse, something that isn't plausible either, it can maybe hit a 60% low in a few years as other countries in G7 are integrated as global reserves next to the dollar. This is my honest opinion. The most unpredictable scenario is perhaps the most likely one, and I think this is it. Very concerned about the future of decentralization and what crypto meant. Satoshi would be very disappointed.
CRYPTOCAP:TOTAL2
by axelrodd
Doge Usdt 10/20When we look at the monthly graph, you can see that it is at an all-time low. If you look at both the harmonic graph and the formation graph in the monthly period, you can confirm this. When we examine the data of indicators in the monthly time frame, it is possible to receive signals that they are on an upward trend. In the weekly period, you can see an internal fractal harmonic pattern that the trend will return upwards. In addition, when we examine the graph in the weekly and daily time frames, you can see that price movements are consolidated and stuck. When we look at the previous supply areas of current price movements, we can think that this area constitutes strong support and will not easily allow further declines. When we project from past to present, we can see that trend movements are now positive. With an optimistic attitude, this may be an indication that the downward trend has come to an end. However, when we examine the latest price levels, we see that we are trying to complete a harmonious pattern. However, it seems that the D leg has not yet been created. Although leg C appears to have formed, there may be back tests and the price may continue the upward trend by falling slightly lower. Based on this data, we can begin to plan resistance target levels by thinking that it will soon be on an upward trend. Regardless of the pattern that will be generated, it will be possible to determine an approximate sales area if we consider that foot D will expand to at least 1,618. When we look for a resistance zone by simulating the harmonic pattern, we can also see that the resulting price levels correspond to the previous supply levels. After approving the price increase, I expect that it will most likely reach the price levels that I mentioned in the chart above. This area is consistent with past pattern and price movements. However, if there is a strong trend, it may be possible to predict the next target price levels in this graph. When we measure Fibonacci levels by guiding the harmonic pattern, we may encounter resistance zones as follows; When we examine the index data in the daily period, the fact that the ADX is at 13 levels despite being negative gives the signal of an upward turn. When looking at Aroon, it's clear that sellers are getting weaker. The indicative level of buyers indicates that purchases will begin soon. When we look at wallet indicators, it seems that there are still no strong money flows. However, despite the lack of a cash flow, the absence of a strong downward fall is again a signal in favor of buyers. In conclusion, even if there are downward price movements that are not strong, I think that price movements will soon begin to climb upwards. Note: this is not investment advice.
Long
by CryptoBrainn
3
#Dogecoin Consolidates above Q3 lows, DOGE's Ceiling at $0.066Past Performance of Dogecoin DOGE prices are trending above Q3 2022 highs at around $0.056. Amid an uneventful price action and hesitant traders waiting for a clear trend definition, bears remain firmly in contention despite slowing down the optimistic bulls. Thus far, the primary resistance, capping buyers' progress, is at $0.066, marking September and October 2022 highs. #Dogecoin Technical Analysis Overall, DOGE is under pressure. The rejection of lower lows and Dogecoin bulls soaking in the strong wave of bear pressure and keeping prices above $0.056 is a net positive. Nonetheless, until there is a sharp reversal from spot levels, ideally above $0.066, with expanding participation levels, traders can begin committing, fading the current trend. Conservative traders can wait for a clean break above $0.066 in a welcomed reversal or below $0.056. A rally may lift DOGE to August highs at $0.088, while sharp losses below September lows may twist buyers' hands, forcing the coin towards Q2 2022 lows at $0.050 in a bear trend continuation formation. What to Expect from #DOGE? DOGE has utility, and Elon Musk's support primarily shores its reputation. Also, the fact that it was one of the first meme coins and a favorite of most new investors is a massive boost. In the short term, how prices react at $0.056 and $0.066 will determine the coin's valuation. Resistance level to watch out for: $0.066 Support level to watch out for: $0.056 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
2
DOGE is in accumulating phase, this is the time to buyNot financial advice. Just my 2 cents on looking at charts. DOGE is in accumulating phase, this is the time to buy is now. Relatively low at $0.065. Looking above $0.15 and above when there are better developments. This applies to other coins currently. They're waiting for major new events and pretty soon fiat money $ (like in almost all countries, no exceptions) will inflate beyond the fed's controls. Cryptos will shine again and this is the time to buy/accumulate. Not financial advice.
Long
by awolvy0
Dogecoin forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK
Dogecoin forming a bullish trend!The Dogecoin price chart is forming a bullish movement, with the price target in the first Resistance zone, and then the price growth towards the second Resistance zone. But there is a possibility of price correction and a short-term price return to near the support of 0.6020, which is very short-term. The main goal is to reach resistance areas. Dogecoin / Dogecoinusd and Dogeusdt -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK