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**DOGE/USDT Analysis: Observing the Movement** **Current Price:** $0.16019 per DOGE, Down by 2.58% **Technical Pattern:** Descending Triangle Formation in DOGE/USDT Pair **Breakout Potential:** MA 100 and Ichimoku Cloud Serving as Resistance Levels **Outlook:** Impending Breakout Decision Point for DOGE **Bullish Scenario:** Solid Breakout Signals Potential Bullish Momentum **Bearish Scenario:** Rejection Could Lead to Further Consolidation **Conclusion:** Monitoring DOGE/USDT for Potential Trading Opportunities #CryptoWatchMay2024 #write2earnonbinancesquare #DOGE #USDT #Analysis

**DOGE/USDT Analysis: Observing the Movement**

**Current Price:**

$0.16019 per DOGE, Down by 2.58%

**Technical Pattern:**

Descending Triangle Formation in DOGE/USDT Pair

**Breakout Potential:**

MA 100 and Ichimoku Cloud Serving as Resistance Levels

**Outlook:**

Impending Breakout Decision Point for DOGE

**Bullish Scenario:**

Solid Breakout Signals Potential Bullish Momentum

**Bearish Scenario:**

Rejection Could Lead to Further Consolidation

**Conclusion:**

Monitoring DOGE/USDT for Potential Trading Opportunities

#CryptoWatchMay2024 #write2earnonbinancesquare

#DOGE #USDT #Analysis

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🐋 **Dogecoin Whale Moves 200mln DOGE Amid Price Surge: What’s Next?** In the ongoing bullish market sentiment, where top cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, and many others are experiencing upside momentum, recently, a blockchain transaction tracker, Whale Alert, made a post on X (previously Twitter) that an unknown wallet address has moved a massive 200 million DOGE coins worth $30.8 million to the Robinhood exchange. 🔺 **Whale Moves 200 Million DOGE to Robinhood** However, it is not clear whether this whale is selling his DOGE holding for profit booking or transferring for some other reason. Yesterday, on May 15, 2024, when the United States released the CPI data (Consumer Price Index), the overall cryptocurrency market massively soared. Additionally, the DOGE token, following the release of CPI data, increased nearly 15%. Currently, DOGE is trading near $0.153, and in the last 24 hours, it experienced nearly 4% upside momentum, making a high of $0.159. If we look at the performance of DOGE over a longer period, in the last 7 days, DOGE price soared more than 6%, whereas, in the last 30 days, due to lots of uncertainty, it experienced nearly 2% of upside momentum. Looking at the 24-hour trading volume highlights traders’ and investors’ lack of interest and confidence in DOGE as it experienced only 4.5%, standing near $1.7 billion. Additionally, the Open Interest (OI) in the last 24 hours is only 3.5%, whereas in the last 4 hours, the OI reduced by 3.5%, which highlights lower interest among traders and investors. 🔸 **Dogecoin Technical Analysis and Key Levels** According to expert technical analysis, DOGE on a smaller time frame looks bullish as it gives a breakout of a bullish price action pattern. DOGE, in a 4-hour time frame, gave a breakout of bullish inverted head and shoulder price action patterns. But, looking at the current situation of DOGE, if in the coming hour, it gives a 4-hour candle closing above $0.157, then there is a high chance that it could hit the $0.165 level. $DOGE #DOGE
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