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Dogecoin / TetherUS PERPETUAL CONTRACT

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DOGEUSDT.P trade ideas

Dogeusdt So the BB bands are getting narrow on the 4 hr meaning the price is consolidating before the next move. If the price breaks down with no significant volume it could be temporary if it break up we need conviction of buyers to show up and the volume needs to increase . Pretty sure anything above 0.38 the bulls would be back in control . Macd suggest bears are losing momentum . I would say we should know by tomorrow if the price breaks up or down . 0.30 would be a nice entry but long term target remains 0.70 specially since we are in a bull market not a bear market no more .
by Todopoderoso
Is Dogecoin's Breakout from the Falling Wedge Pattern Bullish ?Dogecoin (DOGE), the meme coin with a loyal following, has recently shown promising signs of a potential bullish breakout. Technical analysts have identified a classic falling wedge pattern forming on the DOGE/USDT chart, which, if broken, could signal a significant price surge. What is a Falling Wedge Pattern? A falling wedge is a bearish reversal pattern characterized by converging trendlines that slope downward. The pattern typically forms during a downtrend and indicates a potential reversal to the upside. As the price action narrows within the wedge, the likelihood of a breakout increases. Technical Analysis of Dogecoin Technical analysts have been closely monitoring Dogecoin's price action and have observed the formation of a falling wedge pattern. The pattern suggests that the selling pressure is weakening, and a bullish reversal may be imminent. • Key Support and Resistance Levels: o A break above the upper trendline of the falling wedge could trigger a significant upward move. o The 50-day and 200-day moving averages could provide additional support levels. • Relative Strength Index (RSI): o The RSI is a momentum indicator that can help identify overbought and oversold conditions. o A reading above 50 suggests bullish momentum, while a reading below 50 indicates bearish momentum. o A rising RSI within the falling wedge can signal a potential bullish divergence, further supporting the idea of a breakout. There is a bullish outlook on Dogecoin with a potential for a successful breakout from the falling wedge pattern could propel DOGE's price. Factors Driving Dogecoin's Potential Upward Movement Several factors could contribute to Dogecoin's potential price surge: • Strong Community Support: Dogecoin has a dedicated and passionate community that actively promotes the coin and supports its development. • Increased Adoption: As more merchants and businesses start accepting Dogecoin as a form of payment, it could lead to increased demand and higher prices. • Positive Sentiment: Positive news and social media buzz can significantly impact Dogecoin's price. • Technical Breakout: A successful breakout from the falling wedge pattern could attract more buyers and trigger a price rally. Conclusion While Dogecoin's future price movement is uncertain, the formation of a falling wedge pattern and the positive sentiment surrounding the coin suggest a potential bullish outlook. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and involve significant risk. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Dogecoin DOGE Is About To Hit All Time High!Hello, Skyrexians! Today we have the analysis of the king of the meme coins BINANCE:DOGEUSDT which has much better performance than all fundamental crypto assets. This happened because of lack of people holding this coin. Last month was hot for Dogecoin and it looks super bullish. When it breaks ATH and what is the target for current bull run? Let's take a look at the weekly time frame. Previous bull run, in our assumption, was the wave 1 of the super cycle. After that price retraced to 0.38 Fibonacci level in wave 2. It means that this asset is strong, because most of assets reach 0.618 in wave 2. Inside this support zone 3 green dots has been printed by Bullish/Bearish Reversal Bar Indicator . This is very strong reversal sign and the last one triggered the new bullish wave. This huge rapid growth is the global wave 3. This wave will break ATH in December 2024. Final targets for this wave are 1.61 and 2.61 Fibonacci extension at $1.3 and $2.1. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
2
Doge 1st target 0.5000 I plan to place my final bid below 35 cents, with the possibility of a retest around 32 cents. If this level doesn't hold, the price could likely drop directly to 28 cents, which is where I'll be looking to enter a position — but that’s a separate trading setup for now. I’m anticipating another positive week ahead, with Bitcoin potentially approaching $103,000. We should have more clarity by Tuesday, depending on whether BTC manages to close the day with an expansion bar on either Monday or Tuesday.
Short
by substantialPla17684
DOGEUSDT.1DAs I analyze the DOGE/USDT daily chart, I notice that the price is currently trading at 0.36966, following a significant rally that has brought it close to a major resistance zone. The immediate resistance is marked at R1 (0.45723), with the most recent high at 0.43858 serving as a crucial level to watch for potential rejection or continuation. On the downside, support levels are evident at S1 (0.33324) and S2 (around 0.28000), with S2 also aligning with a long-term ascending trendline. These levels represent critical areas where buying interest could re-emerge if the price retraces. The chart also reveals that DOGE remains within a broader bullish structure, with a higher low pattern intact, signaling that buyers are still in control over the longer term. The MACD (12, 26) indicator currently shows strong bullish momentum, as the MACD line is above the signal line, and the histogram bars remain in positive territory. However, the RSI (14) is at 76.18, signaling overbought conditions. This suggests that while the bullish momentum is strong, a potential short-term correction or consolidation may occur as the price attempts to stabilize after the recent surge. If DOGE breaks above R1 and sustains momentum, the next target could lie around 0.50000 or higher, with continued buying pressure pushing the price toward new highs. Conversely, a rejection at the resistance zone may result in a pullback toward S1 or S2, where the price could consolidate and potentially form a base for the next upward move. In conclusion, I maintain a cautiously bullish outlook on DOGE/USDT. The critical focus is on the price’s reaction to R1 and whether the overbought RSI triggers a correction. A breakout above R1 would confirm the continuation of the bullish trend, while a pullback to support levels could provide opportunities for accumulation. I remain attentive to these key levels and indicators to adjust my strategy accordingly.
Long
by MarsSignals
Is #DOGEUSDT on the Verge of a Major Bullish Move? Yello, Paradisers! Is #DOGEUSDT gearing up for a major breakout? Don’t miss this critical analysis! 💎#DOGEUSDT is currently sitting at a crucial demand zone of $0.10372, forming a Falling Wedge pattern. We've been monitoring this closely, and a potential price breakout above this level could signal a major momentum shift in favor of the bulls. If the demand holds, this could set the stage for a strong bullish move in the near future. 💎For this bullish scenario to play out, we’ll need to see #DOGECOIN break above the $0.11061 minor resistance level. If it can manage this breakout, our next target is the internal resistance zone at $0.18081—where we could see a significant rally. 💎But be cautious! If the demand zone doesn't hold, we might witness a pullback to the lower support area, around $0.09271-$0.08789. A daily close below this level would invalidate the bullish outlook and could lead to a deeper correction. Keep your focus sharp, Paradisers! This next move could be a game-changer. As always, patience and discipline are the keys to navigating these market conditions. Stay strategic and be ready for whatever comes next. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon