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Dogecoin (DOGE) Urgent Information Issued, What It Pertains To. Dogecoin (DOGE) holders have received urgent information as Dogechain, a popular Dogecoin explorer, announced the shutdown of its wallet service. Dogechain, a Dogecoin explorer since 2013, has long served the Dogecoin community, allowing users to search the Dogecoin network for addresses, transactions and blocks, and includes a Dogecoin wallet and free developer API. However, the wallet service, which has long been of benefit to Dogecoin holders, will soon sunset, and the Dogecoin community has been alerted to this development via email. In response to the announcement, Dogecoin holders are urged to take immediate action to secure their funds and transition to alternative wallet solutions before the shutdown takes effect on June 1. Mishaboar, a vocal Dogecoin community member, sendt a reminder to Dogecoin holders along these lines. "Dear Dogecoin, Dogechain has sent an e-mail to inform their customers about the shutting down of their wallet service." Scammers might want to leverage the situation to dupe unsuspecting users out of their funds, utilizing phishing emails. As a note of warning, Mishaboar urges the Dogecoin community never to directly click on links in an email but rather type out the address manually. They should also bear in mind that the official legitimate domain is dogechain dot info. In the past, the dogechain dot com domain has been used for phishing attacks and hence should be avoided. In an earlier tweet, Mishaboar urged the Dogecoin community to move out their funds from the Dogechain wallet before the shutdown date. They should also keep a copy of their Dogechain wallets' private keys in case they still have the addresses in use somewhere, thus allowing users to recover funds they might inadvertently send or receive there in the future.

Dogecoin (DOGE) Urgent Information Issued, What It Pertains To.

Dogecoin (DOGE) holders have received urgent information as Dogechain, a popular Dogecoin explorer, announced the shutdown of its wallet service.

Dogechain, a Dogecoin explorer since 2013, has long served the Dogecoin community, allowing users to search the Dogecoin network for addresses, transactions and blocks, and includes a Dogecoin wallet and free developer API.

However, the wallet service, which has long been of benefit to Dogecoin holders, will soon sunset, and the Dogecoin community has been alerted to this development via email.

In response to the announcement, Dogecoin holders are urged to take immediate action to secure their funds and transition to alternative wallet solutions before the shutdown takes effect on June 1.

Mishaboar, a vocal Dogecoin community

member, sendt a reminder to Dogecoin

holders along these lines. "Dear Dogecoin,

Dogechain has sent an e-mail to inform

their customers about the shutting down of

their wallet service."

Scammers might want to leverage the situation to dupe unsuspecting users out of their funds, utilizing phishing emails.

As a note of warning, Mishaboar urges the

Dogecoin community never to directly click

on links in an email but rather type out the

address manually. They should also bear in mind that the official legitimate domain is

dogechain dot info. In the past, the dogechain dot com domain has been used

for phishing attacks and hence should be

avoided.

In an earlier tweet, Mishaboar urged the Dogecoin community to move out their funds from the Dogechain wallet before the shutdown date. They should also keep a copy of their Dogechain wallets' private keys in case they still have the addresses in use somewhere, thus allowing users to recover funds they might inadvertently send or receive there in the future.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Dogecoin may rise 15% before investors worry about sell-off. Dogecoin rose 30% between May 1 and 4. DOGE may surge 15% to $0.181 soon. A correction following this initial move might cause a severe drop to $0.116. Dogecoin (DOGE) price may reverse over a longer timeline. It might cause a short-term uptrend. Crossroads for Dogecoin On May 1, dogecoin price fell below the March 20 swing low, breaking the bullish market structure. This implies market uncertainty, which might reverse the upswing or foreshadow a bull market downturn that restarts the climb. Due to this market structure breach, DOGE might sweep the $0.181 weekly resistance level and correct to the $0.116 support floor or directly fall to $0.116 in the following days. The three-day Relative Strength Index (RSI) has dropped below the 50 mean level for the first time since February 24, and the Awesome Oscillator is about to drop below zero. On a high period, both momentum indicators indicate decreasing bullish momentum. Dogecoin price is expected to fall owing to a probable mean reversion play after a parabolic spike in March and liquidity below the equal lows created just above the $0.116 support floor. Dogecoin's price will likely fall in the next weeks as Bitcoin's prognosis remains unclear. DOGE's on-chain measurements indicate relief. The IntoTheBlock Global In/Out of the Money (GIOM) indicator reveals 82.67% of investors are “in the money.” However, the $0.152–$0.143 support zone is tiny and unlikely to hold if selling pressure spikes. Thus, 676,000 addresses bought 31 billion DOGE at $0.116, the following important milestone. If the price drops below their entry level, these investors will purchase more, creating a support zone. GIOM also indicates a weak immediate resistance zone at $0.176. DOGE bulls face a ceiling of $0.182–0.671, where 751,000 addresses that bought approximately 13.5 billion DOGE are “out of the money.” If DOGE reaches breakeven, these investors may sell. #CryptoWatchMay2024 #Memecoins #DOGE $DOGE $BTC $BNB $SOL
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