PEPE Token Surpasses Expectations

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PEPE token experienced remarkable growth in May, closing the month with an impressive 136% increase in value, reaching approximately $0.00001632.

This surge saw the meme token achieve an all-time high of $0.00001718, securing a position among the top 20 cryptocurrencies by market capitalization.

These gains underscore PEPE’s growing popularity and significance in the cryptocurrency market.

As of the latest data, PEPE holds the 19th spot with a market cap of $6,858,900,630, closely following Polygon (MATIC), which is ranked 18th with a market cap of $7,296,410,542. Despite its status as a low-value meme token, PEPE has outperformed expectations, delivering substantial returns for investors.

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#PEPE #DOGECOIN #Bitcoin #Ethereum #Memecoin $SHIB $PEPE $BTC

The market is back to the green zone, according to the CoinMarketCap ranking.

DOGE/USD

The rate of DOGE has increased by almost 5% over the last 24 hours.

Despite the sharp rise, the rate of DOGE keeps trading near the local resistance level at $0.07649. If buyers' pressure continues, there is a chance to see a breakout, followed by a rise to the $0.077 area.

On the daily time frame, the price of DOGE is getting closer to the resistance at $0.07890. Even though it is too early to make any predictions, if the rate fixes above the $0.078 mark, the accumulated energy might be enough for a blast to $0.08.

From the midterm point of view, one should wait for the bar closure. If that happens near the resistance, the price of DOGE is likely to return to its midterm growth.

In this case, the upward move may continue to the $0.085 area.

DOGE is trading at $0.076 at press time.

#DOGE #DOGECOIN #cryptotrading #crypto2023 #crypto

Dogecoin rose to its highest point in over a week, as Elon Musk requested that a lawsuit filed against him by investors in the meme coin be dropped. The suit claims that Musk operated a pyramid scheme, following his endorsements of dogecoin. Litecoin was another token to climb on Saturday.

Dogecoin (DOGE)

Dogecoin (DOGE) climbed higher on Saturday after lawyers for Elon Musk requested that a lawsuit filed against him by investors in the meme coin be dropped.

In a statement, Musk’s lawyers said, “There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion.”

Following a low of $0.07456 on Friday, DOGE/USD rose to a peak of $0.07841 to start the weekend.

DOGE/USD – Daily Chart

This came as the relative strength index (RSI) also briefly moved beyond a resistance of its own at 52.00

At the time of writing this, the index is now tracking at 51.99, with earlier gains in DOGE mostly easing.

Litecoin (LTC)

Litecoin (LTC) was another notable gainer to start the weekend, as the token also neared a one-week high.

LTC/USD surged to an intraday high of $93.85, less than 24 hours after prices were trading at a low of $88.34.

This rally sent litecoin to its strongest point since last Sunday, March 26, when it rose to a peak at $94.92.

LTC/USD – Daily Chart

Looking at the chart, today’s gain pushed LTC close to a point of resistance at $94.00, however, bulls have so far been unable to force a breakout.

This is likely due to the 14-day RSI hovering close to a ceiling of its own, at the 57.00 mark.

Should bulls move beyond this point, then there is a good chance that LTC will move beyond $94.00.

#LTC #LITECOIN #DOGE #DOGECOIN #Binance

Bears remain more powerful on the market, however, there are some exceptions to the rule. Mainly, the price of DOGE has rocketed by 26%.

DOGE/USD

The rate of DOGE has increased by almost 30% over the last 24 hours.

On the hourly chart, the price is trading in the middle of a wide channel, between the support at $0.09219 and the resistance at $0.1050. There are low chances of seeing any sharp moves by the end of the day, as DOGE has passed most of its ATR. In this case, sideways trading in the area around $0.10 is the more likely scenario.

On the bigger time frame, the rate of DOGE has once again made a false breakout of the resistance at $0.09980. It shows the buyers' weakness and possible correction. If the situation does not change until the end of the day, traders can think about a drop to the $0.095 zone shortly.

On the daily chart against Bitcoin (BTC), the price of DOGE has begun a sharp rise after the breakout of the resistance at 0.0000305. Even though the coin has entered the midterm bullish trend, it might need more time to accumulate energy for further growth. In this regard, sideways trading in the area of 0.0000320-0.0000350 is the more likely scenario.

DOGE is trading at $0.09830 at press time.

#DOGE #DOGECOIN #Binance #crypto #crypto2023

"A long-term trendline on the daily chart is currently providing significant resistance for Dogecoin.Bulls have been unable to break through this trendline after several attempts."

The recent drop in the value of Dogecoin can be attributed to a downward trendline. This trendline served as a significant barrier, allowing traders to sell during any upward movement, indicating a firmly established downward trend.

#DOGECOIN has recently seen a resurgence, resulting in a bullish breakout. This breakout has broken a long-standing resistance trendline, which is expected to alleviate the buying pressure that has been building up. This development is encouraging buyers to continue with the ongoing recovery phase.

Thus far, the price of Dogecoin has broken over the overhead resistance trendline, indicating an imminent trend reversal. This bullish breakout should give buyers with a strong base for a potential price rise. Dogecoin's current price is $0.075, representing a 1.20% intraday loss while trading above the 100 day moving average.

The #DOGE is now facing resistance at $0.0790. But, the first significant big obstacle is at $0.0830. If the price successfully breaks past this barrier, it has the potential to rise to $0.0900. If the price continues to rise, it may potentially hit $0.1000.

"If Dogecoin fails to gain momentum above the $0.0780 mark, it is likely to experience a significant decline. The initial level of support is estimated to be around $0.0720, followed by a more substantial support level at $0.0700. Should the price drop below this level, it could potentially plummet even further, possibly dipping below $0.0650." 

KEY LEVELS :

RESISTANCE LEVEL : $0.07900-$0.08300

SUPPORT LEVEL : $0.07100-$0.06800

Dogecoin is currently trading within a narrow range and is facing a major resistance at various times. The question on everyone's mind is whether DOGE will be able to overcome this hurdle and skyrocket towards $0.1000. Is this a realistic forecast or just wishful thinking? We invite you to share your views in the comments section below.

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#crypto2023 #coingabbar

Dogecoin , a cryptocurrency that started as a joke, has gained immense popularity in recent years. However, with the recent market fluctuations, many are questioning whether the Twitter dream for #DOGECOIN has come to an end.

Despite its humorous origins, Dogecoin has become a serious contender in the cryptocurrency market. Its community-driven approach and low transaction fees have attracted a large following, including high-profile figures like Elon Musk.

However, the recent market downturn has caused DOGE to lose significant value, leading some to question its long-term viability. Additionally, the lack of significant updates to the Dogecoin protocol has left some investors feeling uncertain about its future prospects.

Despite these challenges, Dogecoin remains a popular choice for many investors and continues to have a strong community of supporters. Only time will tell whether the Twitter dream for #DOGE will continue or come to an end.

#coingabbar #crypto2023 #crypto

The Dogecoin (DOGE) price has lost its momentum after a previous breakout. Additionally, it fell below its short-term bullish structure.

The Dogecoin (DOGE) price has increased since March 10. Shortly afterward, it reclaimed the $0.068 support area and broke out from a resistance line that had been in place since November 2022. Breakouts from such long-term structures usually lead to significant upward movements.

This possibility is also supported by the deviation (green circle) and subsequent reclaim of the $0.068 support area. If the increase continues, the next closest resistance area would be at $0.100, created by the 0.382 Fib retracement resistance level and a horizontal resistance area. The area also coincides with the highest price of the year.

However, the daily RSI does not confirm the legitimacy of the breakout yet. This is because the indicator has not moved above 50 yet. Moreover, the internet meme coin still trades close to the breakout level. As a result, it is not certain if the trend is bullish or if the breakout was illegitimate.

DOGE/USDT Daily Chart. Source: TradingView

The technical analysis from the short-term two-hour chart shows that the price broke down from an ascending support line on March 25 and validated it as resistance over the next 24 hours (red icon). The line had been in place since the upward movement began on March 10. As a result, the breakdown from it may mark the end of the short-term upward movement.

Currently, the DOGE price trades above the 0.382 Fib retracement support level at $0.072. If it breaks down, the price could fall to the 0.618 Fib retracement support level at $0.069. This also aligns with the long-term support area mentioned above. The long-term trend can be considered bullish as long as the Dogecoin price trades above it.

DOGE/USDT Two-Hour Chart. Source: TradingView

To conclude, the most likely DOGE price forecast is a breakdown from the minor support at $0.072 and a decrease to $0.069. However, if the price reclaims the previous ascending support line, it could increase to $0.100

#DOGE #DOGECOIN #Binance #USDT #crypto2023

Most of the coins are again back to the red zone, according to the CoinMarketCap data.

DOGE/USD

DOGE is one of the biggest losers today, falling by 4.61%.

On the hourly chart, the price of DOGE is coming back to the recently formed support level at $0.07689. If the decline continues, the breakout might be the prerequisite for a sharp decline to the $0.075 zone.

On the daily chart, the price of DOGE has returned below the resistance at $0.07932 which means that the meme coin has not accumulated enough power for further growth. In this regard, sideways trading in the area of $0.075-$0.078 is the more likely scenario for the next few days.

The situation remains bearish on the daily time frame against Bitcoin (BTC) as the rate keeps going down after the false breakout of the resistance at 0.0000296. If the fall doe not stop, there is a high possibility to see the test of the 0.0000260 zone shortly.

DOGE is trading at $0.07785 at press time

#DOGE #DOGECOIN #crypto2023 #Binance #crypto

So this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu known as much for the meme as the memecoin. Dogecoin something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing DOGE could pump above the $0.10 threshold, which is proportionately one-tenth as exciting as when the so-called proletariat investors of the GameStop era attempted to drive dogecoin, sometimes unironically called “the people’s cryptocurrency,” past $1 (it didn’t work).

Dogecoin is apparently sping because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and Bitcoin Lightning. The latter is rarely-used, which gives some indication of how frequently the even-less-widely-adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used.

Of course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes.

Elon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through shitposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. He weighed in on a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allow DOGE payments. Musk planned to bring DOGE to space, with a SpaceX satellite launch. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical newsite Protos.

There’s speculation Musk may be a massive DOGE holder, though it’s unknown how much, if any, he owns. Investors in New York actually filed a racketeering lawsuit against Musk alleging he purposely drove up the price of DOGE 36,000% (the evidence being his tweets and a Saturday Night Live appearance) only to short the crypto when it inevitably collapsed. On March 31, Musk’s lawyers asked to throw out the suit, saying his statements were too vague to be considered fraud.

See also: Dogecoin Futures Liquidations Jump to $26M After Twitter Displays DOGE Logo

Dogecoin began as a joke, and has been denounced by one of its co-founders. Development on the project was stalled basically for years, before people noted its out-of-date code base put users at risk. Riding the wave of a price jump, and Musk’s support, developers announced they were actually going to not only fix Dogecoin but revamp it, ultimately transitioning the network to proof-of-stake like Ethereum to position it as a genuine payment solution for the web. Dogecoin developers have hinted that Chief Twit Musk even sat in on development calls as the Top Doge, and Musk has said the network has unique capabilities for micropayments.

Whether a working codebase and the support of one of the world’s most influential people is enough to propel dogecoin into the hands of everyone remains to be seen. Of course, the vibes for crypto are way off since the collapse of FTX. And most of the “chattering class” is sick of Musk due to media saturation, especially now that Twitter’s internal chaos spills out into the news nearly every week. Musk’s scatterbrained leadership at Twitter has even weakened support among his base of $TSLA stock owners and space nerds, showing that Musk’s brand of creative-destruction may actually just be destructive.

#DOGE #DOGECOIN #crypto2023 #crypto #Binance

No sooner had the public stepped back from Twitter's new logo, depicting the already world-famous DOGE from Dogecoin, then it turned out that there was more to it. Enthusiast Jens Wiechers discovered an Easter egg in the logo. The finding was further confirmed directly by the official Dogecoin Twitter account.

If you click on Twitter's new logo in the corner of the main page and enter Konami Code, a combination used in games from the Japanese studio, it will spin. How the user came up with the idea of linking these two things is unclear, but the fact remains, it is quite amusing.

Dogecoin (DOGE) socials are booming

At the same time, DOGE continues to experience increased attention amid an eccentric move by Twitter's new owner, Elon Musk. This is reflected in both social metrics and price action.

According to LunarCrush, Dogecoin's social engagement rose 404% to 1.22 billion in the last 24 hours. At the same time, mentions of the famous meme token increased by 65%, to 156,740. There was also a twofold increase in the volume of news about Dogecoin and links shared by social media users.

What is interesting is that, if the portal's data is to be believed, the Reddit public has reacted more strongly to the DOGE innovation on Twitter.

#DOGE #DOGECOIN #crypto2023 #Binance #crypto

Tens of billions of tokens of the meme-inspired cryptocurrency Dogecoin ($DOGE ) are now being held by long-term investors, as entities that have been HODLing onto the cryptocurrency for over a year now have 44.8 billion tokens, worth over $3.7 billion.

According to data from crypto analytics firm IntoTheBlock, first reported on by Daily Hodl, this is the highest amount of DOGE’s supply held by long-term investors since October 2021, when the cryptocurrency was trading at around $0.30. The firm’s data also shows that the population of long-term DOGE investors has been steadily rising since the start of the year.

The number of DOGE hodlers now stands at a new all-time high of 3.18 million addresses, with the investor cohort representing 74.66% of all Dogecoin wallets. The firm’s data further shows that at the time of writing, 56% of DOGE hodlers are in a state of profit, while 41% are sitting on unrealized losses.

Meanwhile, 3% of DOGE holders are breaking even at current prices, with 65% of the cryptocurrency’s circulating supply being concentrated in the wallets of large holders. As CryptoGlobe reported, DOGE whales have amassed 1.47 billion DOGE since the beginning of the year.

Popular meme-based cryptocurrency Dogecoin ($DOGE ) was initially released on December 6, 2013 as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. Dogecoin is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge,” a Shiba Inu (a Japanese breed of dog).

Since then, its popularity has substantially increased, especially in the past couple of years, primarily thanks to support from celebrities including Elon Musk and Mark Cuban. DOGE is now one of the largest digital assets by market capitalization, towering over other meme-inspired cryptos.

According to a recent tweet from a Dogecoin core developer, the cryptocurrency is set for a significant upgrade that will introduce new features and improvements, and is designed to make the popular blockchain more user-friendly and accessible to non-developers.

#DOGE #DOGECOIN #crypto #crypto2023 #Binance

Dogecoin suddenly appears as a logo on the short message service Twitter. Due to this massive attention, the DOGE price has exploded in the last few hours and rose again to 1 dollar. What is the logo change all about and does Elon Musk want to take profits with Dogecoin again?

What happened to the Dogecoin price?

The Dogecoin price has been characterized by little excitement in recent weeks. While massive price rallies are normal in the bull market, the last few weeks have been characterized by sideways movements. If there is a lack of attention, little will happen in the Dogecoin price apart from small spikes.

But on Monday evening, the Dogecoin (DOGE) price suddenly exploded. The price rose from 0.77 US dollars to over 1 US dollar within a few minutes. The DOGE price saw a typical rally again. The increase was more than 20% in just a few minutes.

Why is Dogecoin price up?

On Monday evening, the Shiba Inu logo suddenly appeared on the Twitter short message service as a symbol for Dogecoin. Did Elon Musk tweet with the Shiba Inu? Has the DOGE been announced as a means of payment? No, it got even crazier in the short term.

In fact, instead of the Twitter logo, the well-known Dogecoin logo appeared, showing a confused Shiba Inu dog. Within minutes, the price shot up. Twitter has hundreds of millions of users who have noticed this logo change. A lot of them invested in Dogecoin.

Does Elon Musk want to make money with DOGE again?

Elon Musk is considered a fan of meme coins. After first accepting Bitcoin as a means of payment at Tesla and then discontinuing it again shortly thereafter, he came out as a fan of meme coins and regularly posted the meme. According to him, Dogecoin is a better alternative to Bitcoin because it uses less energy.

To this day, no one is sure if Elon is really convinced of Dogecoin. The change of the Twitter logo certainly has his signature. After acquiring Twitter last year, many DOGE fans expected more promotions for the meme coin. They also hoped for integration as a means of payment on Twitter.

Some people have criticized Musk for artificially pushing the Dogecoin price in 2021 to generate profit for himself. The big hype from spring 2021 abated somewhat over the price of the year and many investors who had bought into the hype lost money with the DOGE investment.

Whether Musk is honest about Dogecoin or just wants to profit himself – right now the DOGE madness is starting again thanks to Twitter.

#DOGE #DOGECOIN #crypto2023 #crypto #cryptocurrency