Dogecoin (DOGE) Knocked Back From Resistance—Can Bulls Regain Control?

Dogecoin (DOGE) is currently trading below the $0.25 level after experiencing massive volatility and price swings in recent days. As the crypto market faces a broad correction, meme coins, including DOGE, have been some of the most affected assets, with bulls struggling to regain momentum. Related Reading: Whales Bought 420 Million Cardano After Trump’s U.S. Strategic Crypto Reserve Announcement – Insights Despite multiple attempts to push higher, DOGE has remained under pressure, failing to reclaim key resistance levels. Investors are closely watching whether bulls can regain control or....

Dogecoin, a dog-themed cryptocurrency released in December 2013, is caught in an extended bearish momentum as it continues to struggle to trim its losses and regain its bullish run. Dogecoin has already lost 91.8% of its $0.73 ATH The $0.057 marker is crucial for DOGE to regain its losses The meme crypto is in danger of hitting prices as low as $0.0140 The meme crypto that rose to popularity – thanks to the billionaire and self-proclaimed “Dogefather” Elon Musk’s promotion – attained its all-time high on May 8, 2021 when it peaked at $0.73. But DOGE has now lost 91.8% of....

Dogecoin price has continued to consolidate. However, the coin showed signs of recovery on its one-day chart. Over the last 24 hours, the coin hasn’t made much progress. In the past week, Dogecoin price just moved up by 0.4%, which indicates that the coin is still in a consolidated price range. The technical outlook for Dogecoin indicated that buyers were not in control of the market at press time. This meant that Dogecoin price was still experiencing bearish pressure. For Dogecoin to be able to regain the bulls back, it is important that the meme-coin breaks past its immediate price....

Dogecoin corrected some gains and traded below $0.1220 against the US Dollar. DOGE is now holding the $0.120 support but might decline further. DOGE price started a fresh downside correction from $0.1275. The price is trading below the $0.1225 level and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $0.1245 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1200. Dogecoin Price Trims Gains Dogecoin price started a downside correction after it failed to....

Bulls have been struggling to gain decisive control of Bitcoin throughout the past few days and weeks This has resulted in it being quite heavy, with each rally being aggressively sold into as bears aim to push it back down to $30,000 Despite this, the crypto has been able to hold strong within the lower-$30,000 region, and every dip below $30k has been met with massive buy-side support There’s a possibility that this support is […]