{"id":525869,"date":"2023-04-06T10:41:29","date_gmt":"2023-04-06T10:41:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=525869"},"modified":"2023-04-06T10:41:29","modified_gmt":"2023-04-06T10:41:29","slug":"dogecoin-dominates-top-10-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin-dominates-top-10-crypto\/","title":{"rendered":"Dogecoin Dominates Top 10 Crypto Roster With 20% Rally In Last 7 Days"},"content":{"rendered":"
Dogecoin had a wild week, reaching a high of $0.105 on April 3 after Elon Musk changed his Twitter logo to a Shiba Inu dog. The move caused a stir around the meme coin community, leading to a surge of over 30%.\u00a0<\/span><\/p>\n Although the price has fallen since then, it has not been enough to dampen the overall outlook. <\/span>According to Coingecko<\/span><\/a>, DOGE is currently trading at $0.090135, indicating a significant 19% rise over the past seven days.\u00a0<\/span><\/p>\n <\/p>\n Despite a 1.7% drop in the last 24 hours, DOGE has had the most impressive price performance among the top 10 cryptocurrencies.<\/span><\/p>\n What lies ahead for Dogecoin now?<\/p>\n After a period of strong gains, Dogecoin’s momentum appears to be waning. The cryptocurrency has been flashing red on the 1-day timeframe for two consecutive days, signaling the start of a potential downtrend. This could be due to a lack of buyer interest.<\/span><\/p>\n Adding to the bearish outlook is DOGE’s daily relative strength index (RSI), which has entered its overbought zone, increasing the likelihood of a correction in the near future. This correction could lead to a drop toward the $0.089 level, which served as resistance during the January and February uptrend.<\/span><\/p>\n Bears are known to take advantage of any easing in buying pressure, and if the bearish momentum continues, the Dogecoin price could plummet toward the 200-day Exponential Moving Average (EMA) at $0.082. If DOGE breaks below this level, it could reach the support confluence between the horizontal line and the 100-day EMA at $0.080.<\/span><\/p>\n When $DOGE<\/a> breaks out above the HTF downtrend here, I think $0.25 is a reasonable target. pic.twitter.com\/yxUAeqxGHG<\/a><\/p>\n \u2014 K A L E O (@CryptoKaleo) April 4, 2023<\/a><\/p><\/blockquote>\n Independent analyst Crypto Kaleo, meanwhile, sings a more bullish tune. <\/span>On Twitter,<\/span><\/a> he said that the cryptocurrency is headed for a breakout above a long-standing descending trendline resistance, which could propel its price to reach $0.25 – a substantial 125% increase.<\/span><\/p>\n This prediction is based on a potential increase in buying pressure, possibly fueled by the ongoing altcoin season narrative. If this happens, the immediate resistance level at $0.097 could be shattered, paving the way for more bullish sentiment. <\/span><\/p>\n A critical flip of this roadblock into support would also invalidate the bearish thesis, as this level has been a tough hurdle for DOGE investors for several months.<\/span><\/p>\n <\/p>\nSource: Coingecko<\/pre>\n
Dogecoin Dips As Bears Take Control<\/strong><\/h2>\n
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Analyst Predicts Future Gains<\/strong><\/h2>\n
DOGE total market cap currently at $12.4 billion on the daily chart at TradingView.com<\/a><\/pre>\n