Especially new crypto investors show great interest in meme coins. Meme coins are becoming popular due to their fast and high earning potential. The leading name in this segment is Dogecoin (DOGE). DOGE, which was right behind WIF Coin during the last rise, experienced a rapid recovery.
Dogecoin (DOGE)
Meme coins can often exhibit dramatic movements in bull markets. However, during unstable periods, rapid gains and losses can occur. Although DOGE has made rapid gains in the past, it was unable to sustain these gains and fell below $0.14 along with the decline of Bitcoin (BTC). It is observed that there is a significant risk for DOGE and it becomes evident on the chart. SMA50 crossed below SMA200; This is known as the "death cross" signal and indicates that the downtrend will strengthen. We observe that in the short term the price increase weakens and a rapid downward trend begins. If the BTC price does not recover quickly, there may be days when the decline for DOGE may accelerate.
Will DOGE Price Drop?
The Awesome Oscillator shows that the bull market is still in control. The Chaikin Money Flow (CMF) indicator also confirms that capital inflows are in favor of the bulls. However, the death cross remains on the chart and DOGE bulls have limited time to reverse it. The current status of BTC and the implications of the ETH ETF launch should also be taken into consideration.
Suggestions:
Follow BTC price movements closely.
Watch for SMA50 and SMA200 intersections.
Consider the Awesome Oscillator and Chaikin Money Flow indicators.
Consider the market implications of the ETH ETF launch.
If the bearish scenario occurs, DOGE price may drop to $0.12. Even lower targets may point to $0.09 and $0.08. Conversely, in the event of an uptrend, the $0.14 support could remain an important support level and a new attempt at $0.18 could be made. This indicates the potential to overcome the $0.23 resistance.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.