Dogecoin (DOGE) Under Threat, Downside Thrust Could Trigger Selloff
Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0920 and $0.0925. DOGE price started a fresh decline below the $0.0912 level. The price is trading below the $0.0905 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0918 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0920 and $0.0925. Dogecoin Price At Risk of Major Breakdown Dogecoin price started a fresh decline after....
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Billy Markus, the co-founder of Dogecoin, explained on Wednesday that an Ethereum bridge to the Doge network would bolster the dogecoin ecosystem. Markus also said that non-fungible token (NFT) markets “would help Dogecoin” as well.
Dogecoin Co-Creator Thinks 2 Ideas Could Help the Doge Network
The popular crypto asset dogecoin (DOGE) has gained a whopping 7,500% during the last 12 months and reached a high of $0.731 per unit on May 8, 2021. However, DOGE is down 72% since that all-time high and 25.4% during the last month.
While the Dogecoin co-founder....
According to Dogecoin developer Michi Lumin, a DOGE transaction was sent via radio using a protocol called “Radio Doge.” Dogecoin proponents say Radio Doge will “enable access to dogecoin for people outside the reach of the internet.”
4.20 Dogecoin Sent via Radio Transmission
On April 22, 2022, the first dogecoin (DOGE) transaction was sent via radio transmission with help from the global Starlink satellite network. The news was revealed by Dogecoin developer Michi Lumin who tweeted about the subject on Friday.
“Hi. [I’m]....
The head and shoulders pattern emerging on Dogecoin charts suggests a lack of upside conviction among DOGE traders. The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk's bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE's price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10Dubbed head and shoulders (H&S),....
Recently, California-based trading card accessory company UltraPRO International filed for a trademark on the word "Doge," a move that flustered the Dogecoin community. The biggest fear was that by UltraPRO trademarking the word "Doge," Dogecoin's vendors would be at risk of being sued. Not only that, but Josh Wise, Dogecoin's sponsored NASCAR driver, may face a backlash for the Dogecar. Needless to say, the Dogecoin community has quite a bit to worry about. With that kind of power, UltraPRO could do serious damage to the Dogecoin economic infrastructure. UltraPRO responded to the Daily....
Key Highlights. Dash price is resuming its downside bias and is making another attempt to breach the descending triangle support. RSI is on middle ground but is pointing down, indicating that there is downside potential. Stochastic just reached the oversold zone and is moving up, suggesting a return in buying momentum later on. A break below the triangle support could mean a selloff until the next floor at 0.0110 BTC. Dash price struggle continues, which could ignite a downside thrust if buyers fail to defend an important support at 0.0125BTC. There could still be a chance for support to....