Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Rakin343 on July 04, 2021, 12:06:10 AM

Title: DOGE Downtrend Comes to Rest After Bounce
Post by: Rakin343 on July 04, 2021, 12:06:10 AM
Dogecoin (DOGE) has been moving downwards since reaching an all-time high price on May 8.
While it bounced and has broken out from a descending resistance line, the bullish trend reversal has yet to be confirmed.
DOGE drops after all-time high
DOGE reached an all-time high price of $0.737 on May 8. This was the culmination of a very significant bull run, in which the token increased by 54,890%.
DOGE has been moving downwards since. So far, it has reached a low of $0.163, doing so on June 21. The low was made right at the 0.786 Fib retracement support level. A bounce ensued afterwards, leaving a long lower wick in place. Despite the bounce, technical indicators are bearish. The MACD has given a bearish reversal signal, while the Stochastic oscillator has made a bearish cross (red icons).Source (https://cryptonews.net/951941/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
Title: Re: DOGE Downtrend Comes to Rest After Bounce
Post by: msz900 on July 20, 2021, 03:52:16 PM
Quote from: Rakin343 on July 04, 2021, 12:06:10 AM
Dogecoin (DOGE) has been moving downwards since reaching an all-time high price on May 8.
While it bounced and has broken out from a descending resistance line, the bullish trend reversal has yet to be confirmed.
DOGE drops after all-time high
DOGE reached an all-time high price of $0.737 on May 8. This was the culmination of a very significant bull run, in which the token increased by 54,890%.
DOGE has been moving downwards since. So far, it has reached a low of $0.163, doing so on June 21. The low was made right at the 0.786 Fib retracement support level. A bounce ensued afterwards, leaving a long lower wick in place. Despite the bounce, technical indicators are bearish. The MACD has given a bearish reversal signal, while the Stochastic oscillator has made a bearish cross (red icons).Source (https://cryptonews.net/951941/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Dogecoin is still not trusted and also the way Dogecoin market moves up and down, it has the chance to return to the old price of $0.001 or within $0.00 figure range.
Title: Re: DOGE Downtrend Comes to Rest After Bounce
Post by: kent47400 on July 27, 2021, 08:55:11 AM
All cryptocurrency coins must have a very good time to continue to rise and fly in the sky and until this moment DOGE will be a coin that continues to be a legend in the cryptocrurrency environment.
This DOGE has a fast downtrend also because of the BTC factor which has the same direction because of the Downtrend, I think this is reasonable because DOGE is really wild and cannot be tamed to be stable.
Title: Re: DOGE Downtrend Comes to Rest After Bounce
Post by: jonathancool220 on August 01, 2021, 04:15:48 AM
It is certain that the lower the price of DOGE, the more people will buy it and I am sure that DOGE is like having super bear power from its community and DOGE has many users in games that are played on various gambling sites.
Hope DOGE will be a good coin for the future because DOGE is like being a pioneer for Meme coins that already exist in the cryptocurrency market such as Shiba INU, Puppy Inu , Samoyed etc.