BTC dominance is still moving in uptrend channel currently a | Nasrullah Shah on Binance Square

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BTC dominance is still moving in uptrend channel currently at around 57% and it needs to drop to somewhere around 40% for the alts to rise. 

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BTC

84,947.76

+2.82%

561

0

Replies 0

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Predicting the price of #DOGE or any cryptocurrency over an 8-month period is highly speculative and subject to numerous variables, including market sentiment, technological developments, regulatory changes, and broader economic factors. However, based on the current chart and technical indicators provided, here are some considerations: 1. Current Trend: The current trend appears to be bearish, as indicated by the negative MACD and the RSI below 50. If this trend continues, DOGE could potentially see further declines in the short to medium term. 2. Support and Resistance Levels: Key support levels to watch would be around $0.14719 and $0.08050. If these levels are breached, it could indicate further downside. On the upside, resistance levels to watch would be around $0.23800 and $0.32684. 3. Market Sentiment: The surge in active addresses within the DOGE ecosystem could indicate growing interest or usage, which might support the price in the long term if this trend continues. 4. External Factors: Developments such as partnerships, technological upgrades, or increased adoption could positively impact DOGE's price. Conversely, negative news or regulatory crackdowns could have the opposite effect. Scenario Analysis: Bullish Scenario: If DOGE manages to break through key resistance levels and gains broader adoption or positive news, it could potentially see significant gains. In this case, prices could aim for higher levels, possibly retesting previous highs or even setting new ones. Bearish Scenario: If the current bearish trend continues and key support levels are broken, DOGE could see further declines. In this case, prices might stabilize at lower levels, potentially around the $0.08050 support level or even lower. Neutral Scenario: DOGE could also enter a period of consolidation, where it trades within a defined range without significant upward or downward movement. This would likely be accompanied by lower trading volumes and less volatility.

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Doge has a volume of 4.6 million currently. Thousands of people are liquidated every minute. Whats special about this 1400$?

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Trump is agent of chaos. Chaos is never good for high risk assets.

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I have been stuck in a trade for a while and i need an exit. Please advise me some exit strategy. #doge #MarketPullback

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Doge is worthless. Invest in some real project

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