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Dogecoin (DOGE) Enters Weak Downtrend? Key Ichimoku Signal Flashes


by Olivia Stephanie
for CryptoPotato
Dogecoin (DOGE) Enters Weak Downtrend? Key Ichimoku Signal Flashes

TL;DR

  • Dogecoin forms a bearish signal on the Ichimoku chart while consolidating inside a symmetrical triangle.
  • Monthly ROC remains flat, suggesting DOGE’s next major bull cycle has not started yet.
  • $0.23 remains a key breakout level; analysts see potential for short-term upside if breached.

Ichimoku Chart Shows Weak Bearish Signal

Dogecoin (DOGE) is currently trading in a consolidation zone with mixed signals across different timeframes. While short-term indicators suggest downward pressure, longer-term analysis shows that the current cycle’s major upward move has not started. At press time, DOGE was trading at $0.21, down 3% over the past 24 hours and 6% for the week.

Read the article at CryptoPotato

Read More

Dogecoin Price Set For Explosive Rally If This Structure Holds

Dogecoin Price Set For Explosive Rally If This Structure Holds

The Dogecoin price is at a significant decision point on the chart, and according to ...
Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

New technical analysis suggests that the Dogecoin price is teetering at a pivotal poi...

Dogecoin (DOGE) Enters Weak Downtrend? Key Ichimoku Signal Flashes


by Olivia Stephanie
for CryptoPotato
Dogecoin (DOGE) Enters Weak Downtrend? Key Ichimoku Signal Flashes

TL;DR

  • Dogecoin forms a bearish signal on the Ichimoku chart while consolidating inside a symmetrical triangle.
  • Monthly ROC remains flat, suggesting DOGE’s next major bull cycle has not started yet.
  • $0.23 remains a key breakout level; analysts see potential for short-term upside if breached.

Ichimoku Chart Shows Weak Bearish Signal

Dogecoin (DOGE) is currently trading in a consolidation zone with mixed signals across different timeframes. While short-term indicators suggest downward pressure, longer-term analysis shows that the current cycle’s major upward move has not started. At press time, DOGE was trading at $0.21, down 3% over the past 24 hours and 6% for the week.

Read the article at CryptoPotato

Read More

Dogecoin Price Set For Explosive Rally If This Structure Holds

Dogecoin Price Set For Explosive Rally If This Structure Holds

The Dogecoin price is at a significant decision point on the chart, and according to ...
Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First?

New technical analysis suggests that the Dogecoin price is teetering at a pivotal poi...