{"id":646158,"date":"2024-10-04T02:30:33","date_gmt":"2024-10-04T02:30:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=646158"},"modified":"2024-10-03T22:32:42","modified_gmt":"2024-10-03T22:32:42","slug":"dogecoin-should-reclaim-0-11-soon-otherwise-this-will-happen-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/dogecoin-2\/dogecoin-should-reclaim-0-11-soon-otherwise-this-will-happen-analyst\/","title":{"rendered":"Dogecoin Should Reclaim $0.11 Soon Otherwise This Will Happen\u2014Analyst"},"content":{"rendered":"

Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week.<\/p>\n

Amid this plunge in price performance<\/a>, prominent crypto analyst Ali has identified<\/a> key levels where its price needs to be reclaimed real soon, or there will be negative consequences.<\/p>\n

Related Reading: Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon\u2014Here\u2019s Why<\/a><\/div>\n

Dogecoin: Reclaim $0.11 Or What?<\/h2>\n

In a recent post on Elon Musk’s social media platform X, Ali highlighted the importance of the $0.11 price mark for Dogecoin, noting that approximately 60,210 addresses had purchased around 36.40 billion DOGE tokens at this level.<\/p>\n

\"Dogecoin
Dogecoin in\/out of the money around price. | Source: Ali on X<\/figcaption><\/figure>\n

He explained that these addresses represent significant support, and if the price remains below $0.11, holders might become increasingly inclined to sell their assets to mitigate potential losses<\/a>. This selling pressure could accelerate DOGE\u2019s downward trend.<\/p>\n

\n

60,210 addresses bought 36.40 billion $DOGE<\/a> at $0.11! #Dogecoin<\/a> must reclaim this level soon to sustain a bullish outlook. Otherwise, a failure to do so could lead to a sell-off as investors may seek to minimize losses. pic.twitter.com\/BABwVfPGem<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 3, 2024<\/a><\/p><\/blockquote>\n

DOGE’s Ongoing Decline: Beginning Of Another Bearish Trend?<\/h2>\n

So far, Dogecoin has been on a downward trajectory, losing a significant portion of its gains from its recent rally. Over the past week, DOGE has dropped by 10.8%. The decline has continued into the past 24 hours, with the asset shedding 4.2% of its value<\/a>, currently trading at around $0.1019.<\/p>\n

\"Dogecoin
DOGE price is moving upwards on the 1-hour chart. Source: DOGE\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

This price drop has directly impacted DOGE\u2019s market capitalization, falling from over $17 billion last Thursday to around $14.9 billion today. Alongside this, the 24-hour trading volume for DOGE has also seen a noticeable decrease, from $1.4 billion last Thursday to just above $1 billion.<\/p>\n

While many in the crypto community are panicking concerning this bloodbath, analysts have continued to share their outlook and remain optimistic.<\/p>\n

Related Reading: Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction\u2014What\u2019s Next?<\/a><\/div>\n

For instance, Trader Tardigrade, a popular crypto analyst, in a recent post on X, suggested that the recent dip in Dogecoin\u2019s price may be a “retest” of its descending trendline<\/a> following a recent breakout.<\/p>\n

According to Tardigrade, Dogecoin\u2019s relative strength index (RSI), which measures the magnitude of recent price changes, shows a lower low while DOGE maintains a higher low position<\/a>.<\/p>\n

\"Dogecoin
Dogecoin price chart analysis. | Source: Trader Tardigrade on X<\/figcaption><\/figure>\n

According to technical analysis, this divergence could indicate a possible trend reversal in favor of a bullish move. Tardigrade concluded the post with advice noting: \u201cUnderstand the TA [technical analysis], and you won\u2019t be shaken out.\u201d<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price needs to be reclaimed real soon, or there will be negative consequences. Related Reading: Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon\u2014Here\u2019s Why Dogecoin: Reclaim $0.11 Or What? In a recent post on Elon Musk’s social media platform X, Ali highlighted the importance of the $0.11 price mark for Dogecoin, noting that approximately 60,210 addresses had purchased around 36.40 billion DOGE tokens at this level. He explained that these addresses represent significant support, and if the price remains below $0.11, holders might become increasingly inclined to sell their assets to mitigate potential losses. This selling pressure could accelerate DOGE\u2019s downward trend. 60,210 addresses bought 36.40 billion $DOGE at $0.11! #Dogecoin must reclaim this level soon to sustain a bullish outlook. Otherwise, a failure to do so could lead to a sell-off as investors may seek to minimize losses. pic.twitter.com\/BABwVfPGem \u2014 Ali (@ali_charts) October 3, 2024 DOGE’s Ongoing Decline: Beginning Of Another Bearish Trend? So far, Dogecoin has been on a downward trajectory, losing a significant portion of its gains from its recent rally. Over the past week, DOGE has dropped by 10.8%. The decline has continued into the past 24 hours, with the asset shedding 4.2% of its value, currently trading at around $0.1019. This price drop has directly impacted DOGE\u2019s market capitalization, falling from over $17 billion last Thursday to around $14.9 billion today. Alongside this, the 24-hour trading volume for DOGE has also seen a noticeable decrease, from $1.4 billion last Thursday to just above $1 billion. While many in the crypto community are panicking concerning this bloodbath, analysts have continued to share their outlook and remain optimistic. Related Reading: Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction\u2014What\u2019s Next? For instance, Trader Tardigrade, a popular crypto analyst, in a recent post on X, suggested that the recent dip in Dogecoin\u2019s price may be a “retest” of its descending trendline following a recent breakout. According to Tardigrade, Dogecoin\u2019s relative strength index (RSI), which measures the magnitude of recent price changes, shows a lower low while DOGE maintains a higher low position. According to technical analysis, this divergence could indicate a possible trend reversal in favor of a bullish move. Tardigrade concluded the post with advice noting: \u201cUnderstand the TA [technical analysis], and you won\u2019t be shaken out.\u201d Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":646164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86147],"tags":[134,10923,1558,1785,5226,7,1791,89722,79600,85699],"class_list":["post-646158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin-2","tag-altcoin","tag-crypto-market","tag-cryptocurrency","tag-doge","tag-doge-market","tag-dogecoin","tag-dogecoin-analysis","tag-dogecoin-price-prediction","tag-dogeusdt","tag-memecoin"],"acf":[],"yoast_head":"\nDogecoin Should Reclaim $0.11 Soon Otherwise This Will Happen\u2014Analyst<\/title>\n<meta name=\"description\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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