Friday, January 27, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Dogecoin

Dogecoin price to retest $0.075 as DOGE reverts to mean

Mikhailev by Mikhailev
August 17, 2022
in Dogecoin
0
Dogecoin price to retest $0.075 as DOGE reverts to mean
Share on FacebookShare on Twitter


  • Dogecoin value reveals no restraint because it has crashed by 49% within the final two months.
  • This downswing comes as DOGE fills the FVG, extending from $0.119 to $0.075.
  • A bounce across the $0.075 help degree appears probably for the dog-themed cryptocurrency.

Dogecoin value has been on a slow and painful downtrend since its all-time excessive reached in Might. This downswing has breached essential help ranges and is heading again to ranges final seen in early 2021.

Also read: Gold Price Forecast: Lower lows hinting at a steeper decline

Dogecoin value continues to slip decrease

Dogecoin value started its consolidation on December 4, 2021, and prolonged this sideways motion for roughly three months. On February 22, DOGE broke under the $0.127 help degree and slid decrease. 

The Honest Worth Hole (FVG), extending from $0.075 to $0.119, is what the Dogecoin bears wish to goal. This value inefficiency shaped in April 2021, when DOGE rallied 951% in lower than 25 days.

Typically, markets revert to the imply to fill this hole; so, the present downswing can also be a bid from market makers to shut this inefficiency. Whereas bearish, it permits sidelined consumers a chance to build up DOGE at a reduction.

Due to this fact, the latest gradual however painful downswing is the meme coin filling up this inefficiency. Therefore, buyers can anticipate Dogecoin value to drop one other 32% within the close to future and stabilize at round $0.075.

DOGE/USDT 1-day chart

DOGE/USDT 1-day chart

Then again, the Dogecoin value is more likely to start its second leg of consolidation if BTC continues to recuperate. Therefore, a decisive shut above the $0.127 hurdle will quickly pause the downswing. 

In such a case, DOGE will try and rally towards the weekly resistance barrier at $0.163. If profitable, this restoration run would represent a 28% ascent and is probably going the place the upside shall be capped.

 



Source link

Related articles

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

January 27, 2023
The Low-Cap Gem to Watch as 2 Billion Shiba Inu (SHIB) Token Burns and Dogecoin (DOGE) Gets Twitter Price Index Support

The Low-Cap Gem to Watch as 2 Billion Shiba Inu (SHIB) Token Burns and Dogecoin (DOGE) Gets Twitter Price Index Support

January 27, 2023
Tags: CryptoCurrenciesDogecoinTechnical Analysis
Share76Tweet47

Related Posts

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

by Mikhailev
January 27, 2023
0

Dogecoin, the unique memecoin of the crypto trade, has not seen a monumental rise in value not like different altcoins...

The Low-Cap Gem to Watch as 2 Billion Shiba Inu (SHIB) Token Burns and Dogecoin (DOGE) Gets Twitter Price Index Support

The Low-Cap Gem to Watch as 2 Billion Shiba Inu (SHIB) Token Burns and Dogecoin (DOGE) Gets Twitter Price Index Support

by Mikhailev
January 27, 2023
0

Disclaimer: The textual content under is a press launch that's not a part of Cryptonews.com editorial content material.On the earth of cryptocurrency,...

Rocketize Token, Baby DogeCoin, and Shiba Predator: These Meme Coins Will Help You Circumvent the Adverse Effects of The Bear Market

Big Eyes Coin Hits $18 Million During Presale! Will This New Platform Challenge Dogecoin and Solana For Crypto Market Dominance?

by Mikhailev
January 27, 2023
0

The hype surrounding the Big Eyes Coin (BIG) platform is excellent. The brand new meme token has proven its potential...

Investors Bet On Orbeon Protocol (ORBN), KuCoin (KCS), and Dogecoin (DOGE) For This Month

Investors Bet On Orbeon Protocol (ORBN), KuCoin (KCS), and Dogecoin (DOGE) For This Month

by Mikhailev
January 27, 2023
0

Orbeon Protocol (ORBN) is on a particularly bullish run throughout its presale, with progress figures as much as 1400%. .Moreover,...

Dogecoin (DOGE) Soars 8%, But This Metric Suggests Pullback

Dogecoin (DOGE) Soars 8%, But This Metric Suggests Pullback

by Mikhailev
January 27, 2023
0

Dogecoin (DOGE) and different altcoins are stealing a few of Bitcoin’s shine because the benchmark crypto stalls at its present...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Solana Looks to Sever Bankman-Fried Connection

Leaders Say Crypto’s New Year Ripe for Rebuilding 

January 27, 2023
Solana (SOL) and Chronoly.io (CRNO) By DailyCoin

Three Well-Known Altcoins That Traders Should Keep An Eye On By CoinEdition

January 27, 2023
Aave deploys V3 on Ethereum after 10 months of testing on other networks

Aave deploys V3 on Ethereum after 10 months of testing on other networks

January 27, 2023
Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

January 27, 2023

Recent News

Solana Looks to Sever Bankman-Fried Connection

Leaders Say Crypto’s New Year Ripe for Rebuilding 

January 27, 2023
Solana (SOL) and Chronoly.io (CRNO) By DailyCoin

Three Well-Known Altcoins That Traders Should Keep An Eye On By CoinEdition

January 27, 2023
Aave deploys V3 on Ethereum after 10 months of testing on other networks

Aave deploys V3 on Ethereum after 10 months of testing on other networks

January 27, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.