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Daniel The king
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Dogecoin (DOGE) Price Analysis As $2 Billion Enters the Market – $1 on the Horizon? Dogecoin, the meme-inspired cryptocurrency, has once again captured the attention of investors with its notable strides. In the last 24 hours, a staggering $2 billion has flowed into the Dogecoin market, bringing its valuation from $22.79 billion as of May 20 to $24.9 billion today. DOGE now trades above the $0.16 threshold, with a nearly 11% increase in the last 24 hours. This sudden influx of capital and price surge has reignited the dreams of Dogecoin believers. But how far can DOGE sustain this rally? Is the ascent to $1 imminent? Let’s find out! #DOGE🔥🔥 #pizzaday #ETHETFS #PEPE‏ #btc70k

Dogecoin (DOGE) Price Analysis As $2 Billion Enters the Market – $1 on the Horizon?

Dogecoin, the meme-inspired cryptocurrency, has once again captured the attention of investors with its notable strides. In the last 24 hours, a staggering $2 billion has flowed into the Dogecoin market, bringing its valuation from $22.79 billion as of May 20 to $24.9 billion today.

DOGE now trades above the $0.16 threshold, with a nearly 11% increase in the last 24 hours. This sudden influx of capital and price surge has reignited the dreams of Dogecoin believers. But how far can DOGE sustain this rally? Is the ascent to $1 imminent? Let’s find out!

#DOGE🔥🔥 #pizzaday #ETHETFS #PEPE‏ #btc70k

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follow & like for more information 🐸🐸🐸🐸🐸🐸 🐸🐸🐸🐸🐸🐸#PEPE‏ #PEPE‏ e cryptocurrency has recently shown significant growth, which has attracted the attention of many investors. Perhaps its price will remain at high levels for some time, but I personally foresee a possible decline. Such rapid growth is usually accompanied by a price correction in the future. Therefore, it is important to exercise caution when dealing with this coin and make decisions based on fundamental and technical analysis. Understanding possible risks and consequences is a key aspect in an investment strategy. Remember that the cryptocurrency market is known for its high volatility, so it is recommended to diversify your portfolio and maintain a balance between potential profits and risks. #PEPE🌪️ #pizzaday #PEPE‏
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Dogecoin Breakout: Analyzing Indicators for Potential Upside The Dogecoin price chart has witnessed a significant breakout, surpassing the crucial level of $0.156. This level had previously acted as a resistance zone, confining its price movements within a specific range for an extended period. The successful breach of this barrier opens up new possibilities for further price appreciation. Dogecoin has also reached the upper Bollinger Band level. A decisive move above this level could signal a more robust bullish sentiment among traders, potentially propelling the price towards the $0.20 mark. Dogecoin’s Relative Strength Index (RSI), represented by the purple line, has moved from yesterday’s reading of 30 to just over 50, suggesting growing investor interest. Furthermore, Dogecoin’s price exceeds the 50-day and 200-day Simple Moving Average (SMA) lines. These moving averages act as crucial support levels, and Dogecoin’s position above them signifies a potentially sustained uptrend. An intriguing observation is the recent over 280% uptick in Dogecoin’s trading volume. This brings the 24-hour trading volume to nearly $3 billion. While this signals an uptick in trading activity, it remains uncertain whether it results from whales selling off coins to take profits.  Moreover, recent data suggests that whales have been offloading their Dogecoin holdings rather than accumulating more. On May 19, WhaleAlert shows that 120,000,000 DOGE tokens ($18,555,179) have been moved from an unknown wallet to a Robinhood exchange. This could delay a substantial rebound in the short term. #DOGE🔥🔥
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Dogecoin (DOGE) Breakout Could Lead to a 21% Price Increase Dogecoin’s price rose by 11% in the past day when the entire crypto market rallied, bringing the meme coin to trade at $0.163. This led to the traders who were pining for a price fall losing their money, as evident in the short liquidations worth nearly $7 million. This is the largest single-day short liquidation in more than two months. Historically, such large liquidations have seen rises in the following days, and the same is anticipated presently. This liquidation may also result in the bears backing off as investors await a rally. Investors’ optimism is fueled by the $1.28 billion worth of profits they will witness. According to the Global In/Out of the Money (GIOM) indicator, about 7.87 billion DOGE were bought between $0.16 and $0.18. This supply could turn profitable soon since Dogecoin’s price is exhibiting bullish signs. However, this would warrant a breach of the $0.16 resistance level. Since DOGE holders are close to noting such huge profits, they will likely act accordingly until the altcoin hits $0.18. #DOGE🔥🔥 #doge #ETHETFS #altcoins #BinanceLaunchpool
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Why is crypto up today? The crypto market has seen a significant rise over the past 24 hours. The global cryptocurrency market capitalization increased by 7.5%, totaling $2.75 trillion. At the time of writing on Tuesday morning (UTC), only four coins among the top 100 are down. Arweave (AR) fell the most among these four: 7.3% to $45.27.It is followed by GALA’s 3%, Zebec Protocol (ZBC)’s 2%, and Jupiter (JUP)’s less than 1%. On the other hand, the best performer in this category today is Lido DAO (LDO). It’s up 30.5% to $2.3. Pyth Network (PYTH) and Ethena (ENA) are up over 20%. Nearly 30 other coins have recorded double-digit increases. Furthermore, all top 10 coins per market cap are up today. At the top of this category we find Lido Staked Ether (STETH) and Ethereum (ETH). They are up 18.4% each. Dogecoin (DOGE) is the next best performer, having gone up 8.5% to $0.16348. Solana (SOL)’s is the smallest increase. It’s up 3.2% to $182.93. Bitcoin (BTC) appreciated 6.6%, surpassing the $70,000 mark again, now trading at $71,163. Bitcoin has also achieved all-time highs against local currencies in several countries across Asia and South America. Meanwhile, Ethereum, as said, went up 18.4%, currently changing hands at $3,659. The odds for Ethereum exchange-traded fund (ETF) approval seem to have increased, as the US Securities and Exchange Commission (SEC) asked exchanges to update their spot Ethereum ETF filings. #ETHETFS #btc70k #altcoins #BinanceLaunchpool #BlackRock
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Microsoft Announces Over 50 Updates at Build 2024 Developer Conference According to PANews, Microsoft held its Build 2024 Developer Conference in Seattle, USA, on May 22, where the tech giant announced more than 50 updates. These updates range from the construction of AI infrastructure to the implementation of model products. Noteworthy updates include Team Copilot, which transforms personal intelligent assistants into team assistants; Microsoft Fabric, a real-time intelligence that provides SaaS solutions; Azure AI, which brings new frontier models and multimodal functions; and the Cobalt chip, an updated self-developed AI chip. Microsoft CEO Satya Nadella opened the conference by discussing Microsoft's two dreams for computers: one is to let computers understand us, rather than us understanding computers; the second is to let computers help us effectively reason, plan, and act in a world where information is constantly increasing. OpenAI CEO, Altman, revealed OpenAI's new model at the conference. He stated that the new modality and overall intelligence will be key to OpenAI's next model. He claimed that the model will become smarter, stronger, safer, and that GPT-4o will be faster and more cost-effective. Altman noted that the industry has not experienced a platform revolution for some time, but it is now undergoing such a period. He advised developers to take advantage of this, stating, 'Now is not the time to postpone plans or wait for the next opportunity. This is a special moment. In the next few years, many things will happen, and many great new things will begin to emerge.'#ETHETFS #btc70k #altcoins #BinanceLaunchpool #BlackRock
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