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Dogecoin Holds the $0.06 Support as It Challenges the Resistance at $0.0640

Technical indicatorsMajor Resistance Levels – $0.12 and $0.14Major Support Levels – $0.06 and $0.04 Dogecoin (DOGE) Price Long-term Prediction: BearishThe Dogecoin (DOGE) price has reclaimed the $0.06 support as it challenges the resistance at $0.0640. However, the upward correction has been more gradual due to the presence of Doji candlesticks. The 21-day SMA as well […]

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Dogecoin Reaches Bearish Exhaustion and May Reverse at $0.068

Technical indicatorsMajor Resistance Levels – $0.12 and $0.14Major Support Levels – $0.06 and $0.04 Dogecoin (DOGE) Price Long-term Prediction: BearishDogecoin (DOGE) price has reached bearish exhaustion and may reverse at $0.068. The cryptocurrency asset could drop much more, reaching a low of $0.069. The altcoin has been consolidating above the $0.069 support since the price […]

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Dogecoin Surpasses Bitcoin in Daily Transactions

In an unexpected turn of events, Dogecoin has managed to outshine the mighty Bitcoin in terms of daily transactions. Reports reveal that on Tuesday, May 16, 2023, Dogecoin triumphantly recorded a staggering 719,000 transactions, surpassing Bitcoin’s more modest 566,000 transactions on the very same day. This remarkable surge in transactional activity can be attributed to […]

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Dogecoin Miners Decrease Reserves, Putting Pressure on Price

Dogecoin, the much-beloved meme-inspired cryptocurrency, is facing a new challenge as miners’ reserves experience a significant decline. Recent data from crypto intelligence portal IntoTheBlock reveals that Dogecoin miners have been offloading their reserves, resulting in a reduction of 240 million DOGE since the end of March. While this amount may not seem like a big […]

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Dogecoin Reaches Bearish Exhaustion below $0.070 as It Turns Around

Technical indicatorsMajor Resistance Levels – $0.12 and $0.14Major Support Levels – $0.06 and $0.04 Dogecoin (DOGE) Price Long-term Prediction: BearishDogecoin (DOGE) price is falling below the moving average lines as it turns around. The cryptocurrency asset dropped to a low of $0.069 before starting to consolidate again above the recent support. The altcoin has been […]

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