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Dogecoin / TetherUS PERPETUAL CONTRACT

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DOGEUSDT.P trade ideas

Dogecoin price prediction: correction to $0.13208 and $0.12299 wThe chart provided represents a 4-hour Dogecoin (DOGE) to USDT analysis, indicating a potential price correction in the short term. The price is currently trading around $0.1369, and there are two significant support zones marked, which hint at a potential downward movement before a recovery. Price Correction Levels: 11.61% correction: The chart indicates a first major correction level around $0.13208, representing an approximate 11.61% decline from the recent highs. A buying zone is suggested here, with a recommendation to place a 50% buy order around this level. 17.77% correction: If the price continues to fall, a stronger correction down to $0.12299 is expected, representing a 17.77% decline from the highs. Another 50% buy order is suggested around this price level, making it a key support zone to watch. Scenario & Price Recovery: The chart illustrates a potential recovery from these correction levels. If the price stabilizes after the correction, the chart shows two possible upward price projections. The first path suggests a gradual upward move back to previous highs, possibly breaking out past the $0.145 mark and heading towards the $0.15-$0.158 range. A more bullish scenario predicts a sharper recovery that could push Dogecoin prices beyond $0.158, assuming the support levels hold and buyers accumulate at these correction zones. This analysis suggests a cautious approach, with staggered buy orders placed at key support levels during a correction phase to capitalize on potential upward momentum afterward.
by bullanceprime
3
Dogecoin Urgent Update (Change)I believe I shared a bullish analysis for Dogecoin recently. If you read this analysis, this is an important update. The recent jump reached its end and it seems to be a failed bullish move. Dogecoin found resistance around the same level that led to the 5-August crash. For DOGEUSDT this high happened 21-July around 0.14300. This is shown with a blue line on the chart. Dogecoin is now trading back below this level and producing a rounded top. This signals that a new drop is coming and this last move was simply an inverted correction. The good news is that this type of move can lead to a higher bottom. Meaning, the drop can end around the 5-August low, a bit higher or lower but doesn't necessarily need to be super low. If there was no recovery wave, the next low could have been a disaster. Dogecoin is set to move lower based on the current chart, market conditions and signals. Close any LONG trades. If spot, you can easily sell and buy back lower. If you are a long-term holder, you can simply wait for the whole thing to unravel as it should only last a few weeks, maximum a few months. If you are a long-term accumulator, you can keep your coins and buy more when prices drop. We will have massive growth in 2025. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
7
DOGE COIN SWING LONG IDEA - MEMECOIN - ALTCOIN DOGE coin is the leader of the meme sector in crypto, and it’s sometimes directly supported by Elon Musk. That’s why I’m keeping an eye on this coin. The price is coming from a monthly demand zone, where it got rejected and has since started a weekly bullish momentum. Both the weekly and daily upward momentum are strong, suggesting the price could be heading toward new highs, in my opinion. We might see some retracement before it rallies all the way up, but that may not happen either.
Long
by UA_CAPITAL
DOGEUSDTThe DOGE/USDT daily chart offers a compelling view of the current market dynamics, characterized by a significant bullish pattern formed over recent months. As an analyst deeply engaged in technical chart patterns, I find this setup indicative of potential future movements worth discussing. Key Observations: Resistance Levels: The chart shows a clear resistance ('R1') at $0.14828. This level has previously acted as a significant barrier for price advances. Above this, 'R2' at $0.17621 represents a high reached in a previous rally and could be the next target should 'R1' be convincingly breached. Support Levels: 'S1' at $0.10979 is the immediate support, which aligns with recent lows and the consolidation area that precedes the current price increase. Further below, 'S2' at $0.07556 provides additional safety net, marking the lowest recent troughs. Technical Indicators: Stochastic RSI: This indicator is currently in the overbought territory, suggesting that the price might soon face corrective actions or at least some consolidation before another leg up. MACD: The MACD remains in a bullish phase, positioned above the signal line, and the histogram indicates growing momentum. This setup supports the scenario where the bullish trend might continue, albeit watching for potential pullbacks due to the overextended Stochastic RSI. Strategic Approach: My strategy in this situation involves a mix of cautious optimism and readiness to act on key signals. Should DOGE break above 'R1' with sustained volume, I would consider entering a long position, targeting 'R2'. However, the overbought Stochastic RSI warns of potential pullbacks, hence placing a stop-loss just below 'S1' would mitigate risks associated with a sudden downturn. If the price fails to hold above 'S1' and moves lower, I would reevaluate the bullish sentiment, possibly preparing for entries near 'S2' if the overall market conditions remain favorable. The crucial point here is to remain adaptable to the swift changes typical in cryptocurrency markets. Conclusion: The DOGE/USDT pair presents a bullish outlook with definite levels of resistance and support to guide trading decisions. Traders should be vigilant, especially due to the Stochastic RSI's current positioning, which could signal a cooling period or consolidation in the near term. As always, employing a disciplined approach with robust risk management practices will be essential to navigate the potential volatility ahead effectively.
Short
by MarsSignals
DOGE ANALYSIS🌸#DOGE Analysis : Bullish Trend 🚀🚀 🚀As we can see that #DOGE was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend. 💲💲 🔖 Current Price: $0.14420 ⏳️ Target Price:   $0.17390 ⁉️ What to do? - We can trade according to the #DOGE chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 #DOGE #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Long
by ZEUS_Market_Alerts
DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down. It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
by cryptechcapital
3
17-18 cents next Pretty straightforward bullish trade here. The weekly timeframe is key and Doge is primed to go to 17-18 cents and higher. The boxes are order blocks identifiers (blue & green = bullish order blocks / red & orange = bearish order blocks) As you can see price has shot out of the bullish order block and MACD is also pointing to a continuation of the move higher. Our first major resistance is at around 17 or 18 cents, but that doesn't we're going to top out there. DOGE has enough juice to squeeze way higher. I've outlined all potential take profit areas on the chart.
Long
by MoneyForNothingAndPipsForFree
Doge Jump 7% as Musk Touts “D.O.G.E” at Trump’s CampaignIn a surprising twist, Dogecoin ( CRYPTOCAP:DOGE ) surged 7% late Thursday, crossing the 13-cent mark for the first time since late July. The price rally came after Elon Musk introduced his concept for a "Department of Government Efficiency" (D.O.G.E) during a Pennsylvania town hall in support of Donald Trump’s presidential campaign. The proposed department, aiming to streamline government spending, has sparked a wave of speculative trading in Dogecoin, fueled by Musk’s association with the popular meme coin. Musk’s D.O.G.E Proposal: A New Meme to Power Dogecoin? At the town hall, Musk suggested the creation of D.O.G.E as part of Trump’s broader political agenda, a department aimed at making government spending more efficient while reducing bureaucracy. The idea of running government departments with corporate-like incentives caught the attention of the crypto community, leading to a surge in interest in Dogecoin. Musk’s consistent backing of Dogecoin, combined with his growing political influence, has played a significant role in the market’s reaction. Crypto traders are now speculating that a Trump victory in 2024 could lead to more mentions of “D.O.G.E” in government, driving retail attention back to Dogecoin in a big way. Dogecoin’s 7% Price Surge: Fundamentals at Play Dogecoin’s 7% price jump brought its value to over 13 cents, outperforming the broader market. Bitcoin, by comparison, rose just 1% in the same 24-hour period. Over the past week, DOGE has gained more than 22%, making it one of the top-performing major tokens. Several key factors contributed to this rise: 1. Musk’s Influence: Musk’s public support of Dogecoin has always been a catalyst for price movements. From Tesla to SpaceX, Musk’s ventures have regularly featured Dogecoin in some form, further legitimizing it in the eyes of retail investors. 2. Open Interest Surge: Open interest in Dogecoin-denominated futures spiked to over 5 billion tokens, a clear sign that volatility is on the horizon. Higher open interest alongside rising prices indicates that bullish momentum is strengthening. 3. Political Implications: As Musk positions himself as a supporter of Donald Trump’s campaign, some traders believe that a future Trump administration could lend more credence to the D.O.G.E meme, keeping Dogecoin in the spotlight. Technical Analysis: Can DOGE Reach $1? From a technical standpoint, Dogecoin is currently trading within an overbought region, with a Relative Strength Index (RSI) of 78. This suggests that while the recent price surge is impressive, there may be some short-term pullbacks due to profit-taking. However, the longer-term outlook remains optimistic. - Support and Resistance Levels: Dogecoin’s immediate resistance level sits at $0.14, while support is around $0.12. A sustained break above the $0.14 mark could pave the way for Dogecoin to challenge higher levels. - DCA Strategy: Traders looking to capitalize on Dogecoin’s potential should consider a Dollar Cost Averaging (DCA) strategy, buying during dips to mitigate risk. Given the market’s volatility, DCA allows investors to build a position over time, reducing exposure to sudden market corrections. - Dogecoin to $1?: The age-old debate about whether Dogecoin can reach $1 continues to linger. While some analysts point to the fragmentation of liquidity among numerous meme coins as a reason for Dogecoin’s underperformance, others argue that Dogecoin’s familiarity and the paradox of choice could work in its favor. When retail investors are faced with hundreds of new meme coins, many may choose to stick with what they know—Dogecoin ( CRYPTOCAP:DOGE ). The Road Ahead: Memecoins and the Retail Investor One of the most interesting aspects of the current memecoin market is the sheer number of options available to retail investors. Platforms like Pumpfun and GraFun have enabled the creation of millions of new meme coins, fragmenting liquidity and making it harder for any single coin to dominate. However, this same fragmentation could ultimately work in Dogecoin’s favor. As one prominent trader noted: *"When retail is presented with the option of choosing between a million different meme coins, they’re likely just going to go for the biggest and most familiar one they played with last cycle. DOGE to $1 is a meme until it isn't." The increasing complexity of the memecoin market, combined with Musk’s continued influence, could indeed set the stage for Dogecoin to break past the elusive $1 mark in the future. For now, the best course of action for traders is to remain vigilant, stay informed about market developments, and consider gradual accumulation during dips. Conclusion While Dogecoin’s future is always uncertain, its recent performance shows that it continues to be a major player in the cryptocurrency space. Musk’s influence, combined with the speculative buzz around the D.O.G.E meme, suggests that Dogecoin ( CRYPTOCAP:DOGE ) could continue to surprise traders and investors alike. Whether or not it reaches $1 remains to be seen, but Dogecoin’s ability to rally in the face of both market and political developments is undeniable. As always, traders are advised to manage their risk, take advantage of dips, and keep an eye on the memecoin landscape.
Long
by DEXWireNews
DOGE - Watch These 3 BULLISH SIGNSDOGE has given us THREE very bullish indications: - Successful W-Bottom Pattern in the Daily - Higher lows Doge is also one of few alts that has been gradually making HIGHER HIGHS. This shows that the buyers have been driving the price up constantly. Furthermore, the daily price has reclaimed and CLOSED candles above the 200d moving averages; another strong bullish sign: With the current momentum and buying pressure showing up, it seems likely that DOGE will smash right through the next resistance zone as pointed out. (That is, naturally, IF BTC remains stable over the weekend). _____________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1