- DOGE has a bullish structure, but buying pressure has dwindled.
- If Bitcoin’s prices recover, DOGE would likely follow.
Dogecoin [DOGE] reached a high of $0.0905 on the 21st of January. This was a critical resistance zone, and even though the market structure was bullish, a drop to the local lows was possible.
The recent gains to reach $0.09 came after X (formerly Twitter) recently launched its official XPayments handle.
At press time, the price of the meme coin was at $0.0838, just above the $0.081 zone of support. The technical indicators do not point toward a deep drop in prices, but the liquidity charts suggest otherwise.
The $0.085 support zone was breached yet again
Source: DOGE/USDT on TradingView
The RSI at press time on the 12-hour chart was at 49. It was an early signal of a shift in momentum, but the most recent trading session has not yet closed.
Hence, there is a chance that the bulls can hold off the bearish pressure over the coming hours.
The OBV saw a large dip in the past few sessions. It highlighted seller dominance in recent days. As noted already, the market structure was bullish.
This raised the possibility that the recent dip was to fill the imbalance on the chart. That is, a retest of the $0.0795 level, followed by a sharp rebound, is also a possible scenario that could unfold.
The rejection from the 78.6% Fibonacci retracement level was a strong sign that a downtrend was in progress.
Alternatively, Bitcoin [BTC] was near the lows of a seven-week range, meaning a bounce in prices could drag DOGE higher as well.
The lack of a bullish reaction soon could see a further 10% drop
Source: Hyblock
AMBCrypto looked at the estimated liquidation levels heatmap from Hyblock. The lookback period of the past three months showed that there were scant liquidation levels between $0.082 and $0.073.
Read Dogecoin’s [DOGE] Price Prediction 2024-25
Therefore, if the bulls can’t hold on to the $0.0795 level (the lowest part of the imbalance) a drop to the $0.073 area would become likely. Hence, traders need to exercise caution.
The lower timeframe price charts showed that a drop below $0.0809 would signal bearish intent. Until then, buyers could be getting some discount on Dogecoin, whose prices are due for recovery.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
I like the valuable information you provide in your articles. I will bookmark your weblog and check again here frequently. I’m quite certain I will learn many new stuff right here! Good luck for the next!
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.
Hi my loved one! I wish to say that this article is awesome, nice written and come with almost all vital infos. I’d like to peer extra posts like this.
After all, what a great site and informative posts, I will upload inbound link – bookmark this web site? Regards, Reader.
It is really a nice and useful piece of info. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
I carry on listening to the newscast speak about receiving free online grant applications so I have been looking around for the best site to get one. Could you tell me please, where could i find some?
Purdentix review
Purdentix
Purdentix reviews
Purdentix review
Purdentix
The content is well-organized and highly informative.
I love how user-friendly and intuitive everything feels.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
I love how user-friendly and intuitive everything feels.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The content is engaging and well-structured, keeping visitors interested.
This website is amazing, with a clean design and easy navigation.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
This site truly stands out as a great example of quality web design and performance.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
The layout is visually appealing and very functional.
The content is well-organized and highly informative.
The design and usability are top-notch, making everything flow smoothly.
It provides an excellent user experience from start to finish.
This site truly stands out as a great example of quality web design and performance.
I’m really impressed by the speed and responsiveness.
I love how user-friendly and intuitive everything feels.
The layout is visually appealing and very functional.
It provides an excellent user experience from start to finish.
I’m really impressed by the speed and responsiveness.
The content is well-organized and highly informative.
I’m really impressed by the speed and responsiveness.
The design and usability are top-notch, making everything flow smoothly.
This site truly stands out as a great example of quality web design and performance.
It provides an excellent user experience from start to finish.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The design and usability are top-notch, making everything flow smoothly.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The layout is visually appealing and very functional.
The layout is visually appealing and very functional.
The content is well-organized and highly informative.
The layout is visually appealing and very functional.
I love how user-friendly and intuitive everything feels.
I love how user-friendly and intuitive everything feels.
The content is engaging and well-structured, keeping visitors interested.
This website is amazing, with a clean design and easy navigation.
The design and usability are top-notch, making everything flow smoothly.
I love how user-friendly and intuitive everything feels.
I love how user-friendly and intuitive everything feels.
This site truly stands out as a great example of quality web design and performance.
The content is engaging and well-structured, keeping visitors interested.
The content is engaging and well-structured, keeping visitors interested.
It provides an excellent user experience from start to finish.
This site truly stands out as a great example of quality web design and performance.
The layout is visually appealing and very functional.
The content is well-organized and highly informative.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The content is engaging and well-structured, keeping visitors interested.
I’m really impressed by the speed and responsiveness.
ICE WATER HACK FOR WEIGHT LOSS
The layout is visually appealing and very functional.
The design and usability are top-notch, making everything flow smoothly.
The content is engaging and well-structured, keeping visitors interested.
The content is well-organized and highly informative.
This website is amazing, with a clean design and easy navigation.
I love how user-friendly and intuitive everything feels.
The design and usability are top-notch, making everything flow smoothly.
I am impressed with this site, very I am a fan.
I really appreciate this post. I¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
Thank you for sharing excellent informations. Your web-site is so cool. I am impressed by the details that you?¦ve on this website. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched everywhere and simply couldn’t come across. What an ideal site.
I like this post, enjoyed this one thanks for posting. “To affect the quality of the day that is the art of life.” by Henry David Thoreau.
generic clomiphene pill can i buy generic clomid without dr prescription where to buy generic clomid without dr prescription cost of generic clomiphene without rx where can i get clomid tablets clomiphene prescription cost cost of cheap clomid pills
Palatable blog you have here.. It’s obdurate to find strong quality writing like yours these days. I really respect individuals like you! Rent guardianship!!
I couldn’t weather commenting. Warmly written!
zithromax medication – buy generic floxin for sale buy metronidazole 200mg online cheap
purchase semaglutide online cheap – semaglutide cheap buy generic periactin
Hmm it appears like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to the whole thing. Do you have any points for beginner blog writers? I’d definitely appreciate it.
order domperidone 10mg sale – motilium 10mg over the counter where to buy cyclobenzaprine without a prescription
buy zithromax 500mg online cheap – buy tinidazole 500mg without prescription nebivolol for sale online
buy clavulanate pills – atbioinfo ampicillin medication
esomeprazole medication – https://anexamate.com/ esomeprazole 40mg ca
buy medex pills – https://coumamide.com/ hyzaar brand
I have been exploring for a little bit for any high-quality articles or weblog posts in this kind of space . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am glad to express that I’ve an incredibly excellent uncanny feeling I came upon exactly what I needed. I most unquestionably will make certain to do not fail to remember this web site and provides it a look regularly.
order mobic 15mg for sale – https://moboxsin.com/ order meloxicam 7.5mg generic
buy ed pills online usa – fast ed to take home remedies for ed erectile dysfunction
buy generic amoxil – combamoxi.com amoxil online order
order forcan pill – https://gpdifluca.com/ buy forcan online cheap
generic cenforce 100mg – https://cenforcers.com/# order cenforce 100mg generic
does cialis lower your blood pressure – https://ciltadgn.com/# when will cialis become generic
zantac ca – this zantac oral
canadian pharmacy cialis brand – on this site does cialis shrink the prostate