• Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, August 11, 2022
Digital Coin News
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    Decentralized exchange dYdX blocks user accounts associated with Tornado Cash

    Decentralized exchange dYdX blocks user accounts associated with Tornado Cash

    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    Decentralized exchange dYdX blocks user accounts associated with Tornado Cash

    Decentralized exchange dYdX blocks user accounts associated with Tornado Cash

    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

No Result
View All Result
Digital Coin News
No Result
View All Result
Home Altcoins

Dogecoin [DOGE]: Mid-range flipped into demand zone could mean…

April 22, 2022
in Altcoins
0
Dogecoin [DOGE]: Mid-range flipped into demand zone could mean...
81
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Dogecoin price shows an interesting development after its breakout from a bullish setup on 23 March. The initial move was volatile, however, DOGE seems to be stuck consolidating, hinting at an explosive, especially when on-chain metrics show that whales are increasing their rate of accumulation.

A higher recovery on the cards?

Dogecoin price action from 29 September, 2021, to 23 March has created three distinctive lower highs and lower lows as it crashed 85% from its all-time high at $0.744. Connecting the swing points in this downtrend forms a falling wedge pattern.

While this setup is popular, it forecasts a 34% upswing, obtained by measuring the distance between the first swing high and swing low. Adding this distance to the breakout point reveals a target of $0.178.

On 24 March, Dogecoin price shattered through the falling wedge’s upper trend line at $0.130 and has been stuck in consolidation ever since. The sideways movement seems to have undergone a bullish development as DOGE recently rallied above the 50-day and 100-day Simple Moving Averages (SMA) at $0.132 and $0.139.

This uptick and flip of the crucial hurdles will now serve as a support level that will facilitate a further uptrend. Therefore, investors need to keep a close eye on the meme coin as it could explode.

Interestingly, enough, a breakout will likely propel DOGE by 28% to the first target at $0.178, which also happens to coincide with the 200-day SMA. Therefore, this barrier is likely where Dogecoin price will form a local top.

However, if buyers band together and clear this hurdle, the momentum could be enough to trigger an extension of the uptrend to the $0.216 ceiling. This leg-up, however, would constitute a 51% gain.

DOGE Perpetual Futures | Source: Tradingview

Supporting this insane run-up for the mum meme coin is the supply distribution chart. This on-chain index tracks the changes in the wallets holding DOGE tokens. Over the last few weeks, wallets holding 10 million or more tokens have propped up their accumulation from 77.93% to 81.87% between 8 February and 20 April.

This sudden and exponential uptick serves as a proxy of institutional investors’ interests and foreshadows the incoming bull run.

Supply Distribution | Source: Santiment

 

Source link

Tags: demandDOGEDogecoinFlippedMidrangezone
Previous Post

Decentraland Hold The First Ever Marathon In The Metaverse

Next Post

Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps

Next Post
Bitcoin

Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

The Metaverse will bring a further erosion of privacy

The Metaverse will bring a further erosion of privacy

February 20, 2022
Chainlink Price Analysis: LINK Token Challenges The $23.5 Resistance For Bullish Breakout

Chainlink Price Prediction: LINK Price Next Target $19 On Daily Close Above $15.85

March 23, 2022
Play to earn NFTs and make a profit with Armaldia

Play to earn NFTs and make a profit with Armaldia

April 6, 2022

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation
Digital Coin News

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Metaverse, NFT Market, and more.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation

RECENT POST

  • Decentralized exchange dYdX blocks user accounts associated with Tornado Cash
  • $10 Trillion Asset Manager BlackRock Unveils Bitcoin Spot Exposure Via Private Trust
  • The Philippines halts virtual asset provider license applications
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 Digitalcoinnews.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
  • Metaverse
  • Analysis
  • Learn About Crypto
  • Regulation

© 2022 Digitalcoinnews.com - All rights reserved.

  • bitcoinBitcoin(BTC)
    $24,428.001.74% 24H
    BITCOIN
    24H : 1.74%
    Volume : $34,485,089,942.00
    Marketcap : $466,905,892,361.00
  • ethereumEthereum(ETH)
    $1,896.392.83% 24H
    ETHEREUM
    24H : 2.83%
    Volume : $22,826,895,594.00
    Marketcap : $227,409,715,069.00
  • tetherTether(USDT)
    $1.000.070% 24H
    TETHER
    24H : 0.070%
    Volume : $63,808,636,792.00
    Marketcap : $66,987,716,022.00
  • usd-coinUSD Coin(USDC)
    $0.999-0.19% 24H
    USD COIN
    24H : -0.19%
    Volume : $8,561,553,099.00
    Marketcap : $53,826,444,747.00
  • binancecoinBNB(BNB)
    $327.26-2.48% 24H
    BNB
    24H : -2.48%
    Volume : $1,701,446,150.00
    Marketcap : $53,492,074,651.00