Dogecoin (DOGE) Consolidates Above $0.18, An Upward Move Likely

Dogecoin (DOGE) Consolidates Above $0.18, An Upward Move Likely

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Dogecoin (DOGE) has resumed its upward move. DOGE price retested the previous low at $0.1650 as bulls bought the dips. The current bullish momentum is facing resistance at $0.21 high. The upward move will resume if price breaks above the $0.21 high. Meanwhile, on June 25 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extension or level $0.36 .

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 39 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping southward indicating the downtrend. Today’s price candle is facing resistance at the 21-day SMA.

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price has resumed an upward move as price breaks above the moving averages. The crypto’s price is currently retracing on the downside. Meanwhile, on July 21 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extensions or level $0.24.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD has declined below the 50% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD is now in an upward move. The crypto’s price is retracing after rejection at the $0.21 high. The current retracement will reach the low at $0.17. However, if the resistance $0.21 is breached, the market will reach a high of $0.24.

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Dogecoin Records Massive Trading Volume in Second Quarter 2021

Dogecoin Records Massive Trading Volume in Second Quarter 2021

Trading volume for Dogecoin (DOGE) grew by 13 fold in the second quarter of 2021, almost recording $1 billion in daily trading volume.

According to a report by Coinbase reported by Business Insider, the DOGE trading volume spiked by over 1,250% between April and June, with an average of $995 million worth of coins exchanging hands daily. For context, the average trading volume for Dogecoin in Q1 was a measly $74 million on average.

DOGE began the year at $0.004 and recorded the start of its ascent in early February, following a 50% jump in prices when billionaire CEO Elon Musk started campaigning for the meme-coin on Twitter. A massive bull run followed after Musk’s campaigns and culminated in a massive 18,000% price growth since the start of the year.

While many crypto community members have attributed the meteoric rise seen in Dogecoin to Musk’s Twitter-shilling, Business Insider asserts that the cryptocurrency’s thrilling performance would not have occurred without the increased listing of DOGE on top exchanges seen in Q2.

According to the Coinbase report, Q2 also saw global cryptocurrency trading volume spike by 32% overall, recording a daily average of $19 billion. The report also revealed that DOGE accounted for over 5% of the combined crypto volume in Q2.

Key Dogecoin Levels to Watch — July 19

Dogecoin remains under intense bearish pressure under the critical $0.2000 resistance as the crypto market remains in a sideways momentum. The eighth-largest cryptocurrency moved above the $0.2000 resistance following an Elon Musk-induced bullish breakout but got immediately rejected by bears and the 50 SMA.

DOGEUSD – 4-Hour Chart

DOGE needs a break above the $0.2000 level to reestablish a modest bullish momentum. The coming hours and days would be very crucial for the cryptocurrency and the crypto market at large.

Meanwhile, our resistance levels are $0.2000, $0.2250, and $0.2500, and our support levels are $0.1650, $0.1500, and $0.1400.

Total Market Capitalization: $1.29 trillion

Dogecoin Market Capitalization: $23.4 billion

Dogecoin Dominance: 1.8%

Market Rank: #8

 

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Dogecoin (DOGE) Breaks and Retests the $0.20 Support, Downtrend Likely

Dogecoin (DOGE) Breaks and Retests the $0.20 Support, Downtrend Likely

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Dogecoin (DOGE) has continued its downward move. The selling pressure resumes after the upward correction was terminated at the $0.29 high. On June 21, the coin has earlier fallen to the low of $0.1650 as bulls bought the dips. The market is falling and revisiting the previous low. On May 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension or level $0.11. From the price action, the market has fallen to the low of $0.18. Further downside is likely.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 32 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The crypto is approaching the oversold region at level 30. The 21-day and 50-day SMAs are sloping southward indicating the downtrend. The 21-day SMA acting as resistance to DOGE price.

DOGE/USD Medium-term bias: Bearish
DOGE price has resumed selling pressure after price correction. On the 4 hour chart, DOGE price has broken the previous low, retested it, and resume downward. Meanwhile, on July 9 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.0 Fibonacci extensions or level $0.15.

DOGE/USD -4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD has declined below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. The moving averages are sloping horizontally indicating the sideways trend.

General Outlook for Dogecoin
On the 4-hour chart, DOGE/USD is likely to reach the low of $0.15. Meanwhile, the market has reached the oversold region of the market. The selling pressure is likely to subside.


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Dogecoin (DOGE) Declines Again after Facing Rejection at the $0.28 High

Dogecoin (DOGE) Declines Again after Facing Rejection at the $0.28 High

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Dogecoin (DOGE) is in a downward move since May 8. The crypto has fallen from the high of $0.73 to level $0.21. Further downsides are likely. Presently, the DOGE is falling after facing rejection at the $0.28 high. The upward correction could not break the previous high. A breakout at the previous high would have invalidated the current trend. On May 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension or level $0.11.

Daily Chart Indicators Reading:
Dogecoin price is at level 36 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The crypto is approaching the oversold region at level 30. The 21-day and 50-day SMAs are sloping horizontally indicating the downtrend.

DOGE/USD – Daily Chart

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price was in upward correction to the high of $28. Buyers could not sustain the bullish momentum above the $28 high. Consequently, the downtrend resumed. Meanwhile, on June 25 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.0 Fibonacci extensions or level $0.17.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE price is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. The moving averages are sloping horizontally indicating the sideways trend.

General Outlook for Dogecoin
DOGE/USD is likely to further depreciate after facing rejection from the recent high. The current fall may revisit the previous low at $0.17. DOGE has fallen to the low of $0.21 from the high of $0.28.

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Dogecoin (DOGE) Faces Rejection at $0.26, Consolidates above $0.25 Support

Dogecoin (DOGE) Faces Rejection at $0.26, Consolidates above $0.25 Support

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
On June 22, DOGE’s price rebounded above $0.16 support but resumed consolidation above $0.22. For the past week, Dogecoin has been fluctuating above the current support. The price action has been characterized by small body indecisive candlesticks. The candlesticks indicate that buyers and sellers are undecided about the direction of the market. On May 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension or level $0.23.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin price is at level 43 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping horizontally indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the 1 hour chart, the DOGE price has reached bearish exhaustion. Meanwhile, on June 30 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.272 Fibonacci extensions or level $0.2383 and reverse.

DOGE/USD – 1 Hour Chart

1-hour Chart Indicators Reading
DOGE is fluctuating below the 80% range of the daily stochastic. It indicates that the coin is in a sideways move. . The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD is still in a downward correction. Buyers have to break the resistance at level $0.26 for the resumption of an upward move. In the meantime, the DOGE price is still fluctuating between $0.23 and $0.26 price levels.


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Dogecoin (DOGE) Recovers above $0.1650 Support, Resumes Uptrend

Dogecoin (DOGE) Recovers above $0.1650 Support, Resumes Uptrend

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bullish
DOGE’s price fell to the $0.1650 support twice before resuming upward. The uptrend has reached the high of $0.244 which caused it to retrace. Presently, the upward move is facing rejection as it reaches the overbought region of the market. However, the uptrend is likely to resume a minor retracement. On the upside, if the DOGE price breaks above $0.35 resistance, the market is likely to be in the bullish trend zone.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin price is at level 39 of the Relative Strength Index period 14. It indicates that the altcoin is in the bearish trend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping horizontally indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGEUSD downtrend appears to have been exhausted above the $0.1650 support level. The price has broken the moving averages. On June 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extensions or level $0.2913.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. Also, the market has reached the overbought region. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD has resumed upward move. The crypto rebounded above level $0.1650 to reach the previous highs. According to the Fibonacci tool, the current uptrend will reach the high of level 1.618 Fibonacci extensions or level $0.2913.

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Dogecoin (DOGE) Continues Downtrend, Targets $0.29 Low

Dogecoin (DOGE) Continues Downtrend, Targets $0.29 Low

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
DOGE’s price continues its downward move after rejection at $0.33. DOGE price at the same time broke below the moving averages. This will catapult the coin to the bearish trend zone. Since the breakdown on June 4, the crypto’s price has been making a series of lower highs and lower lows. The market is falling to a lower low at $0.30 or $0.29.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 43 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downtrend. DOGE price is making a series of lower highs and lower lows. On June 4 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extensions or level $0.3005. The crypto is falling to the 1.618 Fibonacci extension.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is below the 20% range of the daily stochastic. It indicates that the coin is in a bearish momentum. It has fallen to the oversold region of the market. Later, we may see the emergence of buyers in the oversold region. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
DOGE/USD is in a downward move as price falls in the oversold region. The current downtrend is expected to reach the low of 1.618 Fibonacci extension or level $0.3005.

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Dogecoin (DOGE) Reaches Bearish Exhaustion, May Revisit $0.28 Low

Dogecoin (DOGE) Reaches Bearish Exhaustion, May Revisit $0.28 Low

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Since May 10, DOGE’s price was in a downward move. The upward correction is facing rejection at the high of $0.45. DOGE price has broken below the moving averages which suggest a further downward movement of prices. The crypto’s price is falling and may revisit the previous lows of $0.28 or $0.25.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 44 of the Relative Strength Index period 14. It indicates that the altcoin is in the bullish trend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downtrend. On June 4 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extensions or level $0.2954. In the previous price action, the crypto reverse after testing the low of $0.28.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is below the 40% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The moving averages are sloping upward indicating the uptrend. The crypto’s price is below the moving averages which suggests that the coin may fall.

General Outlook for Dogecoin
DOGE/USD is in a downward move as the altcoin reaches bearish exhaustion. Dogecoin coin will reach previous low before upward resumption.

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Dogecoin (DOGE) Fluctuates Between $0.40 and $0.44, Up-Trending

Dogecoin (DOGE) Fluctuates Between $0.40 and $0.44, Up-Trending

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bullish
Since May 19, DOGE’s price fell to $0.215 low and pulled back above $0.30. For the past two weeks, Dogecoin has been consolidating above the $0.30 support. Yesterday, the DOGE price broke above the moving averages and continued the bullish momentum. The coin will continue to rise as long as the price bars are above the SMAs. On June 1, the crypto rebounded above the $0.32 support to reach the high of $0.44. Since June 2, the bulls have been attempting to break the resistance at $0.44. Dogecoin now consolidates between $0.40 and $0.44 for a further upward move.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 54 of the Relative Strength Index period 14. It indicates that the altcoin is in the bullish trend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend

DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, the DOGE price is in an uptrend. The crypto’s price has broken above the moving averages and rallied to $0.44 high. On June 2 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.272 Fibonacci extensions or level $0.482 and reverse. The coin will reverse to 78.6% Fibonacci retracement level where it originated.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 80% range of the daily stochastic. It indicates that the coin has reached the overbought region of the market. There is the possibility of sellers emerging in the overbought region. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD is in an uptrend. The crypto’s price is above the SMAs which suggests that the coin is in the bullish trend zone. The coin will continue to rise as long as price is above the moving averages. DOGE price will reach a high of $0.48 if the current resistance is breached.


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Dogecoin (DOGE) Consolidates Above $0.33 Support as Bulls and Bears Reach a Period of Indecision

Dogecoin (DOGE) Consolidates Above $0.33 Support as Bulls and Bears Reach a Period of Indecision

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Since May 19, Dogecoin fell to $0.215 low as bulls bought the dips. DOGE price corrected upward and resumed consolidation above $0.33. The coin has reached bearish exhaustion and may reverse but not immediately. Meanwhile, on May 10 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall and reverse at level 1.272 Fibonacci extension or level $0.326. From the price action, the market has been consolidating above the $0.33 support for the past week.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE/USD has fallen to level 45 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the uptrend

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is falling. On May 9, the coin to level $0.444 and corrected upward to level $0.595. The upward correction was terminated. On May 9 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension or the low of $0.23. On May 19, DOGE price tested the 1.618 Fibonacci extension as shown by a long candlestick tail. The candlestick tail is an indication of strong buying pressure above $0.21 support.

DOGE/USD -4 Hour Chart

4-hour Chart Indicators Reading
DOGE is below the 40% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The moving averages are sloping southward indicating a downtrend. DOGE’s price is above the 21-day SMA but below the SMAs. A break below the SMAs will suggest a further downward move.


General Outlook for Dogecoin
DOGE/USD is consolidating above $0.33 support for a possible upward move. Today, the market is fluctuating below and above the 21-day SMA. The coin is trading at $0.339 at the time of writing.


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