{"id":527132,"date":"2023-04-17T12:15:32","date_gmt":"2023-04-17T12:15:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=527132"},"modified":"2023-04-17T12:15:32","modified_gmt":"2023-04-17T12:15:32","slug":"dogecoin-rallies-12","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin-rallies-12\/","title":{"rendered":"Dogecoin 12% Rally Threatened By Potential Price Drop – Here’s Why"},"content":{"rendered":"

Dogecoin (DOGE) has recently experienced a surge in price, leaving many investors upbeat. But just as quickly as it rose, the future of Dogecoin is being challenged by a looming danger that could cause its value to plummet.<\/span><\/p>\n

According to <\/span>Coingecko<\/span><\/a>, the price of DOGE currently stands at $0.093031, marking a 3.0% increase in the past 24 hours and an impressive 11.6% surge over the last 7 days.<\/span><\/p>\n

Can Dogecoin’s price sustain its recent surge, or will the looming obstacle keep this beloved meme coin at bay?<\/span><\/p>\n

Related Reading: Bitcoin Price Retreats To $29,000 Level \u2013 Further Drop Imminent?<\/a><\/div>\n

Increasing Volatility Could Cause Sharp Downturn In Dogecoin Price\u00a0<\/span><\/h2>\n

Dogecoin’s price over the past 24 hours on <\/span>TradingView<\/span><\/a> reveals a bullish trend, characterized by higher highs and higher lows formation, with the support level expected to hold firm around $0.08830.\u00a0<\/span><\/p>\n

Despite the moving average being below the current price at $0.0859, buying pressure continues to be present in the market. However, there are indications that the volatility is increasing, potentially leading to a slump in price in the coming days.\u00a0<\/span><\/p>\n

Moreover, the relative strength index (RSI) score of 60.93 highlights the current price to be in the overbought territory. As a result, there is a risk that Dogecoin’s price may experience a sharp downturn.<\/span><\/p>\n

Analysts Warn Of Potential Correction In DOGE Price<\/span><\/h2>\n

As Dogecoin’s price continues to climb, investors and enthusiasts alike are curious about the future of this cryptocurrency. Based on the information gleaned from the price chart analysis, it seems that the crypto’s price may face some uncertainty in the coming days.\u00a0<\/span><\/p>\n

The increasing volatility and overbought RSI score are signs that the current price levels may not be sustainable, and a sharp downturn could be on the horizon.<\/span><\/p>\n

<\/p>\n

DOGE total market cap now at $12.9 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Avalanche Rumbles With 18% Gain \u2013 Will AVAX Hit $21 This Week?<\/a><\/div>\n

While it’s challenging to predict the exact price that Dogecoin will reach, analysts believe that the <\/span>potential for a correction<\/span><\/a> is likely. The resistance level for the cryptocurrency is at $0.0968, which could act as a barrier preventing the price from increasing any further. On the other hand, the support level at $0.08830 could prevent the price from dropping too low.<\/span><\/p>\n

It’s essential to note that cryptocurrency markets are notoriously unpredictable, and price fluctuations can happen at any time. Therefore, it’s crucial to approach investments in cryptocurrencies with caution and not to invest more than one can afford to lose.<\/span><\/p>\n

-Featured image from Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) has recently experienced a surge in price, leaving many investors upbeat. But just as quickly as it rose, the future of Dogecoin is being challenged by a looming danger that could cause its value to plummet. According to Coingecko, the price of DOGE currently stands at $0.093031, marking a 3.0% increase in the past 24 hours and an impressive 11.6% surge over the last 7 days. Can Dogecoin’s price sustain its recent surge, or will the looming obstacle keep this beloved meme coin at bay? Related Reading: Bitcoin Price Retreats To $29,000 Level \u2013 Further Drop Imminent? Increasing Volatility Could Cause Sharp Downturn In Dogecoin Price\u00a0 Dogecoin’s price over the past 24 hours on TradingView reveals a bullish trend, characterized by higher highs and higher lows formation, with the support level expected to hold firm around $0.08830.\u00a0 Despite the moving average being below the current price at $0.0859, buying pressure continues to be present in the market. However, there are indications that the volatility is increasing, potentially leading to a slump in price in the coming days.\u00a0 Moreover, the relative strength index (RSI) score of 60.93 highlights the current price to be in the overbought territory. As a result, there is a risk that Dogecoin’s price may experience a sharp downturn. Analysts Warn Of Potential Correction In DOGE Price As Dogecoin’s price continues to climb, investors and enthusiasts alike are curious about the future of this cryptocurrency. Based on the information gleaned from the price chart analysis, it seems that the crypto’s price may face some uncertainty in the coming days.\u00a0 The increasing volatility and overbought RSI score are signs that the current price levels may not be sustainable, and a sharp downturn could be on the horizon. DOGE total market cap now at $12.9 billion on the daily chart at TradingView.com Related Reading: Avalanche Rumbles With 18% Gain \u2013 Will AVAX Hit $21 This Week? While it’s challenging to predict the exact price that Dogecoin will reach, analysts believe that the potential for a correction is likely. The resistance level for the cryptocurrency is at $0.0968, which could act as a barrier preventing the price from increasing any further. On the other hand, the support level at $0.08830 could prevent the price from dropping too low. It’s essential to note that cryptocurrency markets are notoriously unpredictable, and price fluctuations can happen at any time. Therefore, it’s crucial to approach investments in cryptocurrencies with caution and not to invest more than one can afford to lose. -Featured image from Pixabay<\/p>\n","protected":false},"author":557,"featured_media":527149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[85675,7,83767,4735],"class_list":["post-527132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge-price","tag-dogecoin","tag-meme-coins","tag-price-action"],"acf":[],"yoast_head":"\nDogecoin's 12% Rally Threatened By Potential Price Drop<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has recently experienced a surge in price, leaving many investors upbeat. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin 12% Rally Threatened By Potential Price Drop – Here’s Why","url":"http:\/\/ktsl888.com\/news\/dogecoin-rallies-12\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin-rallies-12\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/Dogecoin.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/Dogecoin.png?fit=1009%2C668"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge price","dogecoin","meme coins","price action"],"dateCreated":"2023-04-17T12:15:32Z","datePublished":"2023-04-17T12:15:32Z","dateModified":"2023-04-17T12:15:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin 12% Rally Threatened By Potential Price Drop – Here’s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin-rallies-12\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin-rallies-12\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Dogecoin.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Dogecoin.png?fit=1009%2C668\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge price\",\"dogecoin\",\"meme coins\",\"price action\"],\"dateCreated\":\"2023-04-17T12:15:32Z\",\"datePublished\":\"2023-04-17T12:15:32Z\",\"dateModified\":\"2023-04-17T12:15:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/Dogecoin.png?fit=1009%2C668","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/527132"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=527132"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/527132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/527149"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=527132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=527132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=527132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}