Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Dogecoin

Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next

n70products by n70products
September 6, 2024
in Dogecoin
0
Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Dogecoin entered an extended accumulation range after hitting a brand new yearly peak in Could 2024. Since then, the worth has fluctuated extensively, presumably giving traders time to enter again into the meme coin at decrease costs. Nevertheless, with the market on a decline and expectations for a restoration on the horizon, Dogecoin traders appear to be accomplished with their shopping for. This indicators that the drawn-out accumulation pattern might be at an finish, one thing that might be bullish for the meme coin’s value.

Why The Dogecoin Accumulation Has Ended

Crypto analyst, VIAQUANT, on the TradingView web site, has suggested that the Dogecoin accumulation pattern is lastly at its finish. The crypto analyst factors to an essential indicator, particularly the Moving Average, and their positioning being the proof that that is the case.

Associated Studying

In line with VIAQUANT, the Dogecoin price has defended a number of shifting averages on essential timeframes. This growth reveals not solely energy, however an finish to the buildup part. The essential shifting averages listed here are the 21 Transferring Common, the 100 Transferring Common, and the 200-Day Transferring Common.

The evaluation factors out that on the 3-day chart, the Dogecoin price has held the 200 Transferring Common. Subsequent is the 100 Transferring Common on the weekly chart, even after a fast decline over the past week. Final however not least is the 21 Transferring Common, which continues to carry tightly on the month-to-month chart.

Given these developments, the crypto analyst believes that these shifting averages being held present that the Dogecoin accumulation part has ended. Not solely that, they posit that this additionally implies that the meme coin might be gearing up for an additional value restoration from right here.

What Occurs To DOGE Value From Right here?

Presently, Dogecoin prices are still struggling towards the headwinds of the bearish crypto market. But when VIAQUANT’s evaluation is right, then this might solely be short-lived from right here. Given how a lot the coin has fallen in the previous couple of months, a bounce from right here might be phenomenal.

Associated Studying

The crypto analyst factors to an identical accumulation pattern that happened at the beginning of 2024. Following that, the DOGE price had bounced greater than 100%. Taking that state of affairs and utilizing it within the present scenario, the analyst pegs the Dogecoin value for an additional 100% surge. This might imply that the worth would cross $0.2.

Curiously, the crypto analyst doesn’t count on this transfer to take lengthy. The chart reveals that the transfer above $0.2 could be accomplished someday in November, that means a 3-month timeframe for the evaluation to play out.

Dogecoin price chart from Tradingview.com
DOGE value drops under $0.1 | Supply: DOGEUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: AccumulationAveragesDogecoinEndedHeadedHeresMovingPrice
Previous Post

Trader Says Ethereum-Based Altcoin Could Explode by Over 150%, Updates Outlook on Bitcoin, Solana and Toncoin

Next Post

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

Next Post
Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

Leave a Reply Cancel reply

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

Premium Content

Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating

Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating

May 8, 2025
Stablecoin Issuer Tether Announces Launch of USDT on Aptos (APT) Network

Stablecoin Issuer Tether Announces Launch of USDT on Aptos (APT) Network

August 19, 2024
Ethereum’s next move remains uncertain amid whale sell-offs – What next?

Ethereum’s next move remains uncertain amid whale sell-offs – What next?

November 27, 2024
How the Recording Academy uses IBM watsonx to enhance the fan experience at the GRAMMYs®

How the Recording Academy uses IBM watsonx to enhance the fan experience at the GRAMMYs®

February 4, 2024
Analyst Issues Solana Warning, Predicts Deep Correction for SOL in Coming Months – Here’s His Downside Target

Analyst Issues Solana Warning, Predicts Deep Correction for SOL in Coming Months – Here’s His Downside Target

January 10, 2024
Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?

Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?

June 2, 2025

Recent Posts

  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams
  • Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum
  • Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

June 23, 2025
Dogecoin (DOGE) at Risk — Can Support Hold This Time?

Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version