DOGE
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Dogecoin price to rise 20%
Support for Dogecoin is around 200-day Exponential Moving Average.
On-chain data shows DOGE is developing more.
A daily candlestick closing below $0.128 would disprove bullishness.
Technical indicators and on-chain metrics suggest a 20% surge for Dogecoin (DOGE) as the dog-based meme currency finds support on key levels and development activity rises.
Dcecoin pricing has potential
Dogecoin's 200-day EMA around $0.132 provides support.
This level is close to the 61.8% Fibonacci retracement level at $0.133 from the swing low of $0.074 on January 8 to the swing high of $0.229 on March 28.
DOGE may rise 20% from $0.141 to $0.175, its May 26 daily high, if this $0.132 support holds.
DOGE may climb 14% to the bearish order block region between $0.198 and $0.202 if bulls are active and the crypto market is favorable. Bearish order blocks are price zones where institutional traders have placed big sell orders.
Santiment's Development Activity measure records public GitHub repository project development events across time.
A growth in this statistic indicates ongoing protocol maintenance, innovation, and improvement, which investors and stakeholders want. Conversely, a drop in the measure may raise concerns about the project's long-term sustainability, creativity, and community participation.
Like DOGE, the index jumped from 0.166 on June 11 to 0.452 on June 13. This increase in DOGE's Developing Activity supports the optimistic view.
Nearly 409,330 addresses gathered 45.26 billion DOGE tokens at $0.114 per IntoTheBlock's Global In/Out of the Money (GIOM). These addresses purchased the dog-based meme coin between $0.096 and $0.138, a critical support zone. If the price retraces, these investors may buy more.
Technical analysis suggests the $0.096 to $0.138 zone is a crucial reversal zone, and the GIOM results match.
#DOGE $DOGE
Support for Dogecoin is around 200-day Exponential Moving Average.
On-chain data shows DOGE is developing more.
A daily candlestick closing below $0.128 would disprove bullishness.
Technical indicators and on-chain metrics suggest a 20% surge for Dogecoin (DOGE) as the dog-based meme currency finds support on key levels and development activity rises.
Dcecoin pricing has potential
Dogecoin's 200-day EMA around $0.132 provides support.
This level is close to the 61.8% Fibonacci retracement level at $0.133 from the swing low of $0.074 on January 8 to the swing high of $0.229 on March 28.
DOGE may rise 20% from $0.141 to $0.175, its May 26 daily high, if this $0.132 support holds.
DOGE may climb 14% to the bearish order block region between $0.198 and $0.202 if bulls are active and the crypto market is favorable. Bearish order blocks are price zones where institutional traders have placed big sell orders.
Santiment's Development Activity measure records public GitHub repository project development events across time.
A growth in this statistic indicates ongoing protocol maintenance, innovation, and improvement, which investors and stakeholders want. Conversely, a drop in the measure may raise concerns about the project's long-term sustainability, creativity, and community participation.
Like DOGE, the index jumped from 0.166 on June 11 to 0.452 on June 13. This increase in DOGE's Developing Activity supports the optimistic view.
Nearly 409,330 addresses gathered 45.26 billion DOGE tokens at $0.114 per IntoTheBlock's Global In/Out of the Money (GIOM). These addresses purchased the dog-based meme coin between $0.096 and $0.138, a critical support zone. If the price retraces, these investors may buy more.
Technical analysis suggests the $0.096 to $0.138 zone is a crucial reversal zone, and the GIOM results match.
#DOGE $DOGE
🐋 Dogecoin (DOGE) Price Could Witness a Rally as Whales Accumulate
Dogecoin (DOGE) is looking to recover some of the losses the investors witnessed over the last few days.
The whales could likely be driving the rally owing to their accumulation, motivating retail investors to do the same.
🔸 Dogecoin Whales Are a Step Ahead
Dogecoin’s price could likely witness the impact of whale investors’ recent move. The addresses holding between 10 million and 100 million DOGE have added a little over 900 million DOGE in the span of a week.
This $129 million worth of supply has brought up their supply to 18.09 billion DOGE. Given right after their accumulation, the price dropped down this week, there are two likely outcomes. Either the whales are preempting the rally, or they are facing losses.
This is clarified by the Market Value to Realized Value (MVRV) ratio, which actually favors the whales. The MVRV ratio measures investor gains and losses. Dogecoin’s 30-day MVRV of -7.4% indicates profitability, potentially leading to accumulation.
Historically, DOGE tends to recover as MVRV between -5% and -13% often precedes rallies. This results in this area being identified as an accumulation opportunity zone.
🔸 DOGE Price Prediction: Recovery Ahead
Dogecoin’s price could likely begin recovering in the coming days, provided it can secure $0.15 as a support floor again. The meme coin fell through this level this week after also failing to close above $0.16.
Should DOGE successfully close above $0.15, it could witness a jump to $0.17 on the back of whale accumulation. As a result, the losses observed since the end of May will be recovered.
However, if Dogecoin’s price fails to reclaim $0.15 as a support level and instead drops to $0.14, the bullish thesis would be invalidated. Consequently, the meme coin could drop to $0.12.
$DOGE #DOGE #Dogecoin
Dogecoin (DOGE) is looking to recover some of the losses the investors witnessed over the last few days.
The whales could likely be driving the rally owing to their accumulation, motivating retail investors to do the same.
🔸 Dogecoin Whales Are a Step Ahead
Dogecoin’s price could likely witness the impact of whale investors’ recent move. The addresses holding between 10 million and 100 million DOGE have added a little over 900 million DOGE in the span of a week.
This $129 million worth of supply has brought up their supply to 18.09 billion DOGE. Given right after their accumulation, the price dropped down this week, there are two likely outcomes. Either the whales are preempting the rally, or they are facing losses.
This is clarified by the Market Value to Realized Value (MVRV) ratio, which actually favors the whales. The MVRV ratio measures investor gains and losses. Dogecoin’s 30-day MVRV of -7.4% indicates profitability, potentially leading to accumulation.
Historically, DOGE tends to recover as MVRV between -5% and -13% often precedes rallies. This results in this area being identified as an accumulation opportunity zone.
🔸 DOGE Price Prediction: Recovery Ahead
Dogecoin’s price could likely begin recovering in the coming days, provided it can secure $0.15 as a support floor again. The meme coin fell through this level this week after also failing to close above $0.16.
Should DOGE successfully close above $0.15, it could witness a jump to $0.17 on the back of whale accumulation. As a result, the losses observed since the end of May will be recovered.
However, if Dogecoin’s price fails to reclaim $0.15 as a support level and instead drops to $0.14, the bullish thesis would be invalidated. Consequently, the meme coin could drop to $0.12.
$DOGE #DOGE #Dogecoin
#DOGE
👀 You have chosen the doge coin, so hold, if we go from the older time frame, we are now in the zone of the older time frame from which the reaction is taking place.
🎯Now we would see large buybacks, from which we would see aggressive growth, with the aim to cover the nearest high(0.17506$), and further after a small correction we would see further markup of the asset with the target PMH(0.22993$)
$DOGE #DYOR
👀 You have chosen the doge coin, so hold, if we go from the older time frame, we are now in the zone of the older time frame from which the reaction is taking place.
🎯Now we would see large buybacks, from which we would see aggressive growth, with the aim to cover the nearest high(0.17506$), and further after a small correction we would see further markup of the asset with the target PMH(0.22993$)
$DOGE #DYOR
#MarketSentimentToday
🚀🚀🚀Toncoin (TON) targets $10 after reaching ATH
Toncoin has crossed $7.64, sparking talk around $10. A firm timeframe has not been set, although it is anticipated shortly. This is supported by the golden cross pattern and network expansion.
A golden cross pattern suggests a long-term rally for TON. This is also why The Open Network L1 blockchain's native currency is battling Dogecoin. In the past 24 hours, TON has risen 6.70% to $7.60. The previous 7 days had 3.42% growth and the last 30 days 3.76%.
The 24-hour trading volume had risen 117.14% and the market value was far beyond $18 billion when this story was written. Current opinion and near-term projections are positive. First off, TON is expected to be worth $9.87 in 5 days and $24.87 in 30 days. Next barrier of $9 must be overcome for the monthly rise.
If it rises to $24.87, it will climb 228.09% amid 5.60% volatility.
Growth of the network follows. The increase of Toncoin wallets shows it. Previously 1.28 million. It's above 8 million. User numbers have risen to 49 million worldwide. Nearly $1 billion is locked up.
Dogecoin is at $0.1434, up 2.45% in 24 hours. Although its market valuation is above $20 billion, its 8th place in the top 10 cryptocurrencies is under threat. Toncoin, 9th, may complete Shiba Inu's mission.
Near-term DOGE forecasts are not bearish since the future numbers are lower than the current value. The value might drop 13.98% after 30 days. Setting a stage at $0.123343. The next five days are essential for Dogecoin. Bears will return if the value falls below $0.141865 from $0.14325.
TON's 14-day RSI is 61.11. The 50-day and 200-day SMAs are $6.38 and $3.94. Definitely a rising trend. However, history shows that cryptocurrencies are volatile. Bitcoin awaits a Federal Reserve rate decrease call.
#TON #DOGE $DOGE #altcoins
🚀🚀🚀Toncoin (TON) targets $10 after reaching ATH
Toncoin has crossed $7.64, sparking talk around $10. A firm timeframe has not been set, although it is anticipated shortly. This is supported by the golden cross pattern and network expansion.
A golden cross pattern suggests a long-term rally for TON. This is also why The Open Network L1 blockchain's native currency is battling Dogecoin. In the past 24 hours, TON has risen 6.70% to $7.60. The previous 7 days had 3.42% growth and the last 30 days 3.76%.
The 24-hour trading volume had risen 117.14% and the market value was far beyond $18 billion when this story was written. Current opinion and near-term projections are positive. First off, TON is expected to be worth $9.87 in 5 days and $24.87 in 30 days. Next barrier of $9 must be overcome for the monthly rise.
If it rises to $24.87, it will climb 228.09% amid 5.60% volatility.
Growth of the network follows. The increase of Toncoin wallets shows it. Previously 1.28 million. It's above 8 million. User numbers have risen to 49 million worldwide. Nearly $1 billion is locked up.
Dogecoin is at $0.1434, up 2.45% in 24 hours. Although its market valuation is above $20 billion, its 8th place in the top 10 cryptocurrencies is under threat. Toncoin, 9th, may complete Shiba Inu's mission.
Near-term DOGE forecasts are not bearish since the future numbers are lower than the current value. The value might drop 13.98% after 30 days. Setting a stage at $0.123343. The next five days are essential for Dogecoin. Bears will return if the value falls below $0.141865 from $0.14325.
TON's 14-day RSI is 61.11. The 50-day and 200-day SMAs are $6.38 and $3.94. Definitely a rising trend. However, history shows that cryptocurrencies are volatile. Bitcoin awaits a Federal Reserve rate decrease call.
#TON #DOGE $DOGE #altcoins
Betting Big on Meme Coins for 15X Returns, Says Will Clemente
Meme coins, once considered a playful corner of the cryptocurrency world, are now seen as high-potential investments. Will Clemente, co-founder of Reflexivity Research, sees Meme tokens as a unique opportunity for massive gains, despite their inherent risks.
Clemente notes a significant shift in the crypto market. In 2020, high-beta altcoins were a plain way to outperform Bitcoin. Today, many of these altcoins have lost ground against Bitcoin, signaling a maturing market. “In 2020, you could invest in high-risk altcoins and watch them soar. Now, many altcoin-to-Bitcoin pairs have been declining for months,” Clemente says.
In contrast to the struggling altcoins, meme coins have been on a meteoric rise. According to Clemente, these coins reflect current market sentiment and the growing sophistication of investors.
“We’ve seen dramatic outperformance in AI coins, but meme coins have done even better,” he adds.
Meme coins typically have fair and transparent launches, releasing their entire supply at the start. This approach appeals to retail investors, offering them a more level playing field.
“Retail investors have a chance to capture significant gains, sometimes turning small investments into millions in days,” Clemente observes.
Clemente likens investing in meme coins to gambling, with minimal reliance on fundamentals. Despite this, they attract many, particularly younger investors seeking high returns in volatile markets.
“The average retail investor has a better chance of seeing 10x or 15x returns with meme coins,” he notes.
Clemente’s investment strategy balances stability and risk. He holds Bitcoin for its long-term potential, invests in stocks like Coinbase as a proxy for the crypto market, and actively trades meme coins. “My portfolio includes Bitcoin in cold storage, Coinbase for broader market exposure, and meme coins for active trading,” Clemente shares.
#DOGE #SHIB #PEPE #FLOKI #WIF $SHIB $PEPE $FLOKI
Meme coins, once considered a playful corner of the cryptocurrency world, are now seen as high-potential investments. Will Clemente, co-founder of Reflexivity Research, sees Meme tokens as a unique opportunity for massive gains, despite their inherent risks.
Clemente notes a significant shift in the crypto market. In 2020, high-beta altcoins were a plain way to outperform Bitcoin. Today, many of these altcoins have lost ground against Bitcoin, signaling a maturing market. “In 2020, you could invest in high-risk altcoins and watch them soar. Now, many altcoin-to-Bitcoin pairs have been declining for months,” Clemente says.
In contrast to the struggling altcoins, meme coins have been on a meteoric rise. According to Clemente, these coins reflect current market sentiment and the growing sophistication of investors.
“We’ve seen dramatic outperformance in AI coins, but meme coins have done even better,” he adds.
Meme coins typically have fair and transparent launches, releasing their entire supply at the start. This approach appeals to retail investors, offering them a more level playing field.
“Retail investors have a chance to capture significant gains, sometimes turning small investments into millions in days,” Clemente observes.
Clemente likens investing in meme coins to gambling, with minimal reliance on fundamentals. Despite this, they attract many, particularly younger investors seeking high returns in volatile markets.
“The average retail investor has a better chance of seeing 10x or 15x returns with meme coins,” he notes.
Clemente’s investment strategy balances stability and risk. He holds Bitcoin for its long-term potential, invests in stocks like Coinbase as a proxy for the crypto market, and actively trades meme coins. “My portfolio includes Bitcoin in cold storage, Coinbase for broader market exposure, and meme coins for active trading,” Clemente shares.
#DOGE #SHIB #PEPE #FLOKI #WIF $SHIB $PEPE $FLOKI
#DOGE is up 11.11% in the past 24 hours, with a current price of $0.1497.
And with a 1-year high of $0.1504, we're getting close to breaking through the psychological barrier of $0.15.
While we've seen some ups and downs in the past year, DOGE has come a long way from its all-time low of $0.00008547.
Let's keep the momentum going and see where this journey takes us!
#DOGE #dogecoin
And with a 1-year high of $0.1504, we're getting close to breaking through the psychological barrier of $0.15.
While we've seen some ups and downs in the past year, DOGE has come a long way from its all-time low of $0.00008547.
Let's keep the momentum going and see where this journey takes us!
#DOGE #dogecoin
#DOGE Based on the provided 4-hour chart for DOGEUSD, here are a few observations:
1. Price Action: The price is in a clear downtrend, with a series of lower highs and lower lows. The recent candles show some consolidation, but the overall trend remains bearish.
2. Moving Averages: The price is below the EMA(25) and EMA(99), reinforcing the bearish trend.
3. MACD: The MACD line is below the signal line, and both are below zero, indicating bearish momentum.
4. RSI: The RSI values are:
• RSI(6) at 38.84
• RSI(12) at 33.58
• RSI(24) at 34.03
These indicate that the asset is approaching oversold territory but not yet extremely oversold, suggesting some potential for a further downward move.
5. Stochastic Oscillator: The K value is 37.61 and the D value is 32.13. These values are relatively low, indicating the asset is nearing an oversold condition, but there could still be room for further decline.
6. William %R: The value of -59.85 suggests the asset is in a neutral to slightly oversold condition.
Conclusion:
Given the indicators:
• The strong bearish trend confirmed by price action and moving averages.
• The MACD showing bearish momentum.
• RSI and Stochastic Oscillator indicating potential oversold conditions but not yet extreme.
Recommendation:
Opening a short position could be reasonable given the strong bearish trend. However, due to the approaching oversold conditions indicated by the RSI and Stochastic Oscillator, it would be prudent to:
• Monitor for any signs of a reversal or bounce, which could indicate a temporary pullback.
• Set a tight stop-loss to manage risk in case of a sudden price rebound.
• Consider partial short positions to scale in and manage risk effectively.
Waiting for a slight retracement to short at a higher price might also provide a better entry point.$DOGE $DOGE #doge⚡
1. Price Action: The price is in a clear downtrend, with a series of lower highs and lower lows. The recent candles show some consolidation, but the overall trend remains bearish.
2. Moving Averages: The price is below the EMA(25) and EMA(99), reinforcing the bearish trend.
3. MACD: The MACD line is below the signal line, and both are below zero, indicating bearish momentum.
4. RSI: The RSI values are:
• RSI(6) at 38.84
• RSI(12) at 33.58
• RSI(24) at 34.03
These indicate that the asset is approaching oversold territory but not yet extremely oversold, suggesting some potential for a further downward move.
5. Stochastic Oscillator: The K value is 37.61 and the D value is 32.13. These values are relatively low, indicating the asset is nearing an oversold condition, but there could still be room for further decline.
6. William %R: The value of -59.85 suggests the asset is in a neutral to slightly oversold condition.
Conclusion:
Given the indicators:
• The strong bearish trend confirmed by price action and moving averages.
• The MACD showing bearish momentum.
• RSI and Stochastic Oscillator indicating potential oversold conditions but not yet extreme.
Recommendation:
Opening a short position could be reasonable given the strong bearish trend. However, due to the approaching oversold conditions indicated by the RSI and Stochastic Oscillator, it would be prudent to:
• Monitor for any signs of a reversal or bounce, which could indicate a temporary pullback.
• Set a tight stop-loss to manage risk in case of a sudden price rebound.
• Consider partial short positions to scale in and manage risk effectively.
Waiting for a slight retracement to short at a higher price might also provide a better entry point.$DOGE $DOGE #doge⚡
😱🫨Galaxy Digital CEO gave the secret of profit in Memecoins!
Galaxy Digital CEO #MichaelNovogratz reiterated his interest in memecoins in a post on X, calling it the "cornerstone" of the cryptocurrency industry.
“People are making money from memecoins, and there are two ways to get rich on memecoin investments,” Novogratz said in a June 13 video from Business Untitled, noting that these are current trends. Novogratz says that the first step is to choose the right memecoin to invest in.
Michael Novogratz surprises with comments on rumors of memecoins
Memecoin maximalist Michael Novogratz said his son-in-law about memecoins, taking:
“Yes I couldn't he is a great memecoin investor, I didn't think there was such a thing until I met the guy and he continues to make money, never sells, loves #DOGE , loves WIF. "You can choose #WIF , when you first see it you may just laugh, but now its value is 3 billion dollars."
According to Novogratz, the second way to make a profit in memecoins is to create a memecoin.
These developments follow a June 3 report from Galaxy Digital that challenged recent criticism that memecoins are just a temporary trend, given that early powers create wealth.
“Some say the memecoin trend is temporary. “But as we have continued before, the desire to make quick money has always sustained memecoins,” he said.
However, other names of cryptocurrencies, memecoins, were not supported that much.
#memecoins #binance
Galaxy Digital CEO #MichaelNovogratz reiterated his interest in memecoins in a post on X, calling it the "cornerstone" of the cryptocurrency industry.
“People are making money from memecoins, and there are two ways to get rich on memecoin investments,” Novogratz said in a June 13 video from Business Untitled, noting that these are current trends. Novogratz says that the first step is to choose the right memecoin to invest in.
Michael Novogratz surprises with comments on rumors of memecoins
Memecoin maximalist Michael Novogratz said his son-in-law about memecoins, taking:
“Yes I couldn't he is a great memecoin investor, I didn't think there was such a thing until I met the guy and he continues to make money, never sells, loves #DOGE , loves WIF. "You can choose #WIF , when you first see it you may just laugh, but now its value is 3 billion dollars."
According to Novogratz, the second way to make a profit in memecoins is to create a memecoin.
These developments follow a June 3 report from Galaxy Digital that challenged recent criticism that memecoins are just a temporary trend, given that early powers create wealth.
“Some say the memecoin trend is temporary. “But as we have continued before, the desire to make quick money has always sustained memecoins,” he said.
However, other names of cryptocurrencies, memecoins, were not supported that much.
#memecoins #binance
Memecoin Market Overview: Brett and Gamestop in the Spotlight; Leading Memes Fading Behind
The post "Memecoin Market Overview: Brett and Gamestop in the Spotlight; Leading Memes Fading Behind" first appeared on 36crypto.com News.
Moving against the market sentiment, #Brett (BRETT) and #GameStop (GME) marked record performance amidst top memes’ stagnation. But are we seeing a positive retest?
As the market has been sluggish in anticipation of FOMC updates, memecoins caught up with the tendency and have been showing sharp downticks. However, not all ‘memes’ followed the tough tendency. Can Brett’s and GameStop’s upturns serve as a silver lining for the meme-inspired assets? Figuring out below.
PEPE, DOGE, and SHIB Going South
(PEPE) – one of the leading ‘memes’ in the crypto market – switched the trend since updating its all-time high of $0.000017. For over two weeks, the coin had been trapped in a falling wedge between 0.618 and 0.386 Fibonacci levels, recorded at the prices of $0.000014 and $0.0001215 respectively.
PEPE/USDT 4h chart. Source: WhiteBIT TradingView
This dynamic marked a 16% weekly regression, with moving average convergence divergence (MACD) indicating a downturn at most, and moving averages staying below 0. Following the 0.386 Fib breakout, Pepe eventually pinned $0.000011 resistance and bounced back, paving its way to $0.000014. The recovery spurs optimism in the asset, yet not all memes managed to break out of the bearish sentiment.
#ShibaInu (SHIB) has been keeping up its sideways outlook, registering a prevailing selling activity. Trading between $0.000020 and $0.000029 marks, the coin's relative strength index (RSI) reveals the ongoing downward sentiment for the asset.
The same outlook is pictured by the exponential moving averages, with a 20-day EMA hinting at the continuation of a local correction. Dogecoin (DOGE), the largest memecoin in the market, was not spared from the recent decline as well. While DOGE’s volume slightly increased, analysis indicates that sellers dominated it.
According to the daily chart, Dogecoin’s decline kicked in around June 7, dropping over 7% from $0.16 to $0.148. Within the downturn, the price fell below its 50-day moving average (orange line) and took it below the neutral line on its RSI, indicating a bear trend.
DOGE/USDT 1D chart. Source: WhiteBIT TradingView
The regressive trend is going on, as #DOGE remains stuck at the $0.1477 range at the writing time. Dogecoin’s market capitalization also showed a significant decline. Data from Coinglass indicated that after the coin’s 7% downturn, its market cap fell below $21 billion.
Dogecoin (DOGE) market capitalization. Source: Coinglass
Seeing that DOGE’s volume has significantly increased in the last 24 hours, it remains the largest memecoins in the market. Meanwhile, it turned out to be outperformed by newly popular assets – just like the other leading memecoins.
BRETT and GME Stealing the Show
On June 9, Brett (BRETT), a Base-developed memecoin, managed to achieve its all-time high of $0.1955. A week before reaching the milestone, Brett secured a $1 billion market capitalization, which elevated it to over $2 billion with ATH.
Being a response to the dominating Solana-based memecoins, Brett remains the most valuable cryptocurrency on Base, while its market cap slightly diminished to $1.61 billion at the writing time. Despite a slight correction, Brett managed to produce a dramatic 375% upswing in the last 30 days. What is more, the coin’s social dominance keeps spiking, despite a slightly bullish indication in recent days. Weighted Sentiment also reveals a broader bullish perspective on the asset.
The correction seems to be perceived as a buying opportunity, seeing strong buzz around Brett. This is also proved by the 4-hour chart. According to it, the 0.382 Fibonacci level recorded the $0.12 price, indicating that the one was a nominal pullback. If selling pressure increases, Brett could find support at this specific point.
BRETT/USDT 4h chart. Source: TradingView
The Awesome Oscillator (AO) demonstrates a bearish reading. The red histogram bars indicated that the momentum was heading downwards. AO’s reading correlated with moving average convergence divergence (MACD), which stood below zero at the writing time. What is more, the 12 EMA had crossed below the 26 EMA, supporting a decline. Ultimately, BRETT’s price might drop to $0.14 or $0.12, given the Fib levels.
As BRETT’s sellers outpaced its buyers, the identical dynamics are demonstrated by GameStop (GME). The memecoin has increased by over 50% in the last 7 days and noted a staggering 7,962.12% pump in the recent month. What is more, the Santiment data reveals that Social Dominance is still at a high level, significantly overtaking top memecoin Doge’s Weighted Sentiment.
As per the 4-hour chart, RSI proves that GME is experiencing sellers’ domination. While it hit a local top, the decline could be a sign that, despite the memecoin dominance, the token is at a discount.
GME/USDT 4h chart. Source: TradingView
The leading memecoins price dips are nothing else than an indicator of the selling dominance, which is a logical outcome for the assets that reached their local highs in momentum.
Moving against the market sentiment, #Brett (BRETT) and #GameStop (GME) marked record performance amidst top memes’ stagnation. But are we seeing a positive retest?
As the market has been sluggish in anticipation of FOMC updates, memecoins caught up with the tendency and have been showing sharp downticks. However, not all ‘memes’ followed the tough tendency. Can Brett’s and GameStop’s upturns serve as a silver lining for the meme-inspired assets? Figuring out below.
PEPE, DOGE, and SHIB Going South
(PEPE) – one of the leading ‘memes’ in the crypto market – switched the trend since updating its all-time high of $0.000017. For over two weeks, the coin had been trapped in a falling wedge between 0.618 and 0.386 Fibonacci levels, recorded at the prices of $0.000014 and $0.0001215 respectively.
PEPE/USDT 4h chart. Source: WhiteBIT TradingView
This dynamic marked a 16% weekly regression, with moving average convergence divergence (MACD) indicating a downturn at most, and moving averages staying below 0. Following the 0.386 Fib breakout, Pepe eventually pinned $0.000011 resistance and bounced back, paving its way to $0.000014. The recovery spurs optimism in the asset, yet not all memes managed to break out of the bearish sentiment.
#ShibaInu (SHIB) has been keeping up its sideways outlook, registering a prevailing selling activity. Trading between $0.000020 and $0.000029 marks, the coin's relative strength index (RSI) reveals the ongoing downward sentiment for the asset.
The same outlook is pictured by the exponential moving averages, with a 20-day EMA hinting at the continuation of a local correction. Dogecoin (DOGE), the largest memecoin in the market, was not spared from the recent decline as well. While DOGE’s volume slightly increased, analysis indicates that sellers dominated it.
According to the daily chart, Dogecoin’s decline kicked in around June 7, dropping over 7% from $0.16 to $0.148. Within the downturn, the price fell below its 50-day moving average (orange line) and took it below the neutral line on its RSI, indicating a bear trend.
DOGE/USDT 1D chart. Source: WhiteBIT TradingView
The regressive trend is going on, as #DOGE remains stuck at the $0.1477 range at the writing time. Dogecoin’s market capitalization also showed a significant decline. Data from Coinglass indicated that after the coin’s 7% downturn, its market cap fell below $21 billion.
Dogecoin (DOGE) market capitalization. Source: Coinglass
Seeing that DOGE’s volume has significantly increased in the last 24 hours, it remains the largest memecoins in the market. Meanwhile, it turned out to be outperformed by newly popular assets – just like the other leading memecoins.
BRETT and GME Stealing the Show
On June 9, Brett (BRETT), a Base-developed memecoin, managed to achieve its all-time high of $0.1955. A week before reaching the milestone, Brett secured a $1 billion market capitalization, which elevated it to over $2 billion with ATH.
Being a response to the dominating Solana-based memecoins, Brett remains the most valuable cryptocurrency on Base, while its market cap slightly diminished to $1.61 billion at the writing time. Despite a slight correction, Brett managed to produce a dramatic 375% upswing in the last 30 days. What is more, the coin’s social dominance keeps spiking, despite a slightly bullish indication in recent days. Weighted Sentiment also reveals a broader bullish perspective on the asset.
The correction seems to be perceived as a buying opportunity, seeing strong buzz around Brett. This is also proved by the 4-hour chart. According to it, the 0.382 Fibonacci level recorded the $0.12 price, indicating that the one was a nominal pullback. If selling pressure increases, Brett could find support at this specific point.
BRETT/USDT 4h chart. Source: TradingView
The Awesome Oscillator (AO) demonstrates a bearish reading. The red histogram bars indicated that the momentum was heading downwards. AO’s reading correlated with moving average convergence divergence (MACD), which stood below zero at the writing time. What is more, the 12 EMA had crossed below the 26 EMA, supporting a decline. Ultimately, BRETT’s price might drop to $0.14 or $0.12, given the Fib levels.
As BRETT’s sellers outpaced its buyers, the identical dynamics are demonstrated by GameStop (GME). The memecoin has increased by over 50% in the last 7 days and noted a staggering 7,962.12% pump in the recent month. What is more, the Santiment data reveals that Social Dominance is still at a high level, significantly overtaking top memecoin Doge’s Weighted Sentiment.
As per the 4-hour chart, RSI proves that GME is experiencing sellers’ domination. While it hit a local top, the decline could be a sign that, despite the memecoin dominance, the token is at a discount.
GME/USDT 4h chart. Source: TradingView
The leading memecoins price dips are nothing else than an indicator of the selling dominance, which is a logical outcome for the assets that reached their local highs in momentum.
🔥 Crypto and Memes Suffer Ongoing Decline
Cryptocurrencies have been unable to bounce back from Friday’s downturn, and the short-term trend will become clearer within the next 24 hours. The possibility of a rate cut by December has decreased considerably. Even the scenario of a 50 basis point cut seems unlikely, despite the Federal Reserve’s earlier 75 basis point prediction. The forthcoming May inflation data will be a crucial trigger. Investors are eyeing coins like BONK, PEPE, DOGE, and BOME to decide on potential buying opportunities during this dip.
🔸 Will #BONK Coin Rebound?
The price of BONK Coin, which recently declined from a resistance level of $0.0000292, is now approaching its base at $0.0000218. BONK Coin’s movements closely mirror those of Solana (SOL). If BONK Coin fails to bounce back from this base support, it might drop further to $0.0000138. Given the risk of breaking the short-term uptrend, investors could benefit from setting stops at the initial support level to capitalize on any potential rebound.
🔸 Can #PEPE Coin Maintain Its Support?
PEPE Coin continues to hold its $0.0000118 support, suggesting a possible test of its all-time high (ATH) level. If it bounces back with strength, driven by upcoming developments, the coin could reclaim the $0.0000147 mark, provided it closes above $0.0000130. This offers a more optimistic outlook compared to BONK Coin.
🔸 Investment Insights
– BONK Coin may fall further if it doesn’t bounce back from $0.0000218.
– PEPE Coin holds promise if it maintains $0.0000118 and surpasses $0.0000130.
– DOGE might drop to $0.0837 if it continues to lose support.
What Lies Ahead for #DOGE ?
DOGE bulls have failed to sustain the $0.153 level, leading to new potential lows at $0.124 and $0.116. Should the decline persist, the price could continue its downward trajectory to $0.0837, where its last significant rise began.
$BONK $PEPE $DOGE
Cryptocurrencies have been unable to bounce back from Friday’s downturn, and the short-term trend will become clearer within the next 24 hours. The possibility of a rate cut by December has decreased considerably. Even the scenario of a 50 basis point cut seems unlikely, despite the Federal Reserve’s earlier 75 basis point prediction. The forthcoming May inflation data will be a crucial trigger. Investors are eyeing coins like BONK, PEPE, DOGE, and BOME to decide on potential buying opportunities during this dip.
🔸 Will #BONK Coin Rebound?
The price of BONK Coin, which recently declined from a resistance level of $0.0000292, is now approaching its base at $0.0000218. BONK Coin’s movements closely mirror those of Solana (SOL). If BONK Coin fails to bounce back from this base support, it might drop further to $0.0000138. Given the risk of breaking the short-term uptrend, investors could benefit from setting stops at the initial support level to capitalize on any potential rebound.
🔸 Can #PEPE Coin Maintain Its Support?
PEPE Coin continues to hold its $0.0000118 support, suggesting a possible test of its all-time high (ATH) level. If it bounces back with strength, driven by upcoming developments, the coin could reclaim the $0.0000147 mark, provided it closes above $0.0000130. This offers a more optimistic outlook compared to BONK Coin.
🔸 Investment Insights
– BONK Coin may fall further if it doesn’t bounce back from $0.0000218.
– PEPE Coin holds promise if it maintains $0.0000118 and surpasses $0.0000130.
– DOGE might drop to $0.0837 if it continues to lose support.
What Lies Ahead for #DOGE ?
DOGE bulls have failed to sustain the $0.153 level, leading to new potential lows at $0.124 and $0.116. Should the decline persist, the price could continue its downward trajectory to $0.0837, where its last significant rise began.
$BONK $PEPE $DOGE
Just launched: Bitcoin Bear (BITBEAR) on Solana!
Only available on Solana DEXs like Jupiter and Raydium, BITBEAR is set to skyrocket over 14,000%! 🐻 With $3k locked liquidity and early $SHIB and $DOGE investors jumping in, this could be the next big thing. Is BITBEAR the future memecoin millionaire-maker?
Let’s chat in the comments!👇
#DeFi #SolanaUSTD #DOGE #SHIB
Only available on Solana DEXs like Jupiter and Raydium, BITBEAR is set to skyrocket over 14,000%! 🐻 With $3k locked liquidity and early $SHIB and $DOGE investors jumping in, this could be the next big thing. Is BITBEAR the future memecoin millionaire-maker?
Let’s chat in the comments!👇
#DeFi #SolanaUSTD #DOGE #SHIB
4 Altcoins To Go ‘Flying’ With 50X-100X Bull Run Potential
Investors can consider potential altcoins to go flying during the anticipated bull run in the second half of 2024, including Dogecoin (DOGE), Notcoin (NOT), and XRP.
The altcoin market has the potential to make the next bull run a historical one. For this reason, investors must be intentional with the altcoins they add to their crypto portfolios in 2024. While Bitcoin and select tokens experienced a mini bull run in the first half of the year, select altcoins to go ‘flying’ in the next months may change the fortunes of many investors in the market.
1. Altcoins To Go Flying – Notcoin
Over the past month, Notcoin coin has experienced a surge of over 28%, reflecting increased investor confidence and a positive market outlook. Trading within a range of $0.0175 to $0.2, NOT coin has shown significant volatility over the past week.
2. Mallconomy (WOOT)
Mallconomy’s journey began with a vision to fuse gaming and economics, and as the Metaverse gained prominence, this aspiration found a new and innovative direction.
3. Dogecoin (DOGE)
Dogecoin price has been trading in a sideways trend lately, with bulls and bears battling for control. Despite occasional spikes and dips, the price has remained within a narrow range, reflecting market indecision.
4. XRP
XRP price hovered above $0.5 during the American session on Monday. It has increased in value by 1.4% in the last hour while maintaining a 1.8% surge in 24 hours, CoinGecko data shows.
The cryptocurrency community is looking forward to the determination of the ongoing Ripple vs SEC lawsuit. Meanwhile, it has been widely reported that the regulator may be considering and preparing to appeal the rulings.
#XRP #NOT #DOGE #WOOT $NOT
Investors can consider potential altcoins to go flying during the anticipated bull run in the second half of 2024, including Dogecoin (DOGE), Notcoin (NOT), and XRP.
The altcoin market has the potential to make the next bull run a historical one. For this reason, investors must be intentional with the altcoins they add to their crypto portfolios in 2024. While Bitcoin and select tokens experienced a mini bull run in the first half of the year, select altcoins to go ‘flying’ in the next months may change the fortunes of many investors in the market.
1. Altcoins To Go Flying – Notcoin
Over the past month, Notcoin coin has experienced a surge of over 28%, reflecting increased investor confidence and a positive market outlook. Trading within a range of $0.0175 to $0.2, NOT coin has shown significant volatility over the past week.
2. Mallconomy (WOOT)
Mallconomy’s journey began with a vision to fuse gaming and economics, and as the Metaverse gained prominence, this aspiration found a new and innovative direction.
3. Dogecoin (DOGE)
Dogecoin price has been trading in a sideways trend lately, with bulls and bears battling for control. Despite occasional spikes and dips, the price has remained within a narrow range, reflecting market indecision.
4. XRP
XRP price hovered above $0.5 during the American session on Monday. It has increased in value by 1.4% in the last hour while maintaining a 1.8% surge in 24 hours, CoinGecko data shows.
The cryptocurrency community is looking forward to the determination of the ongoing Ripple vs SEC lawsuit. Meanwhile, it has been widely reported that the regulator may be considering and preparing to appeal the rulings.
#XRP #NOT #DOGE #WOOT $NOT
😱🚀🚀2 Altcoins with big breakout potential under $1
Cardano is a top pick for the bull run
Cardano (#ADA ) is an open-source, peer-to-peer blockchain praised for its speed, scalability, efficiency, and developer-friendly ecosystem groomed for builders to build innovative web3 dApps. Cardano ($ADA ) employs a proof of stake protocol known as Ouroboros, one of the first successful blockchain protocols based on peer-reviewed research. Cardano (ADA) serves the purpose of governance and is instrumental in facilitating peer-to-peer blockchain transactions on the network.
Recently, experts have speculated that Cardano (ADA) is poised to surge to $0.49, based on their prediction on key metrics that put it among the altcoins seeing momentum in the bull run. However, Cardano (ADA) currently trades at $0.43, ranking 11th in the crypto market according to Coingecko.
$DOGE : Memecoins are still the best altcoins?
#DOGE is a meme coin that started as a joke payment but transitioned into one of the most formidable altcoins by developing inherent value. The meme coin was able to do this by expanding its ecosystem into the defi sector and developing several Dapps like Dogechain, a layer 2 scaling protocol, and a web3 noon-custodial wallet.
Dogecoin has also gained added recognition and adoption in the blockchain industry leading up to the bull run. In March 2024, Coinbase derivatives, an arm of US-based exchange Coinbase, announced the launch of a Dogecoin futures product.
Further, Dogecoin has gained support from Tesla CEO Elon Musk, who recently integrated the memecoin into its website as a supported payment option. According to Coingecko, Dogecoin (DOGE) currently ranks 9th in the crypto market and exchanges hands at $0.14.
#memecoins #binance
Cardano is a top pick for the bull run
Cardano (#ADA ) is an open-source, peer-to-peer blockchain praised for its speed, scalability, efficiency, and developer-friendly ecosystem groomed for builders to build innovative web3 dApps. Cardano ($ADA ) employs a proof of stake protocol known as Ouroboros, one of the first successful blockchain protocols based on peer-reviewed research. Cardano (ADA) serves the purpose of governance and is instrumental in facilitating peer-to-peer blockchain transactions on the network.
Recently, experts have speculated that Cardano (ADA) is poised to surge to $0.49, based on their prediction on key metrics that put it among the altcoins seeing momentum in the bull run. However, Cardano (ADA) currently trades at $0.43, ranking 11th in the crypto market according to Coingecko.
$DOGE : Memecoins are still the best altcoins?
#DOGE is a meme coin that started as a joke payment but transitioned into one of the most formidable altcoins by developing inherent value. The meme coin was able to do this by expanding its ecosystem into the defi sector and developing several Dapps like Dogechain, a layer 2 scaling protocol, and a web3 noon-custodial wallet.
Dogecoin has also gained added recognition and adoption in the blockchain industry leading up to the bull run. In March 2024, Coinbase derivatives, an arm of US-based exchange Coinbase, announced the launch of a Dogecoin futures product.
Further, Dogecoin has gained support from Tesla CEO Elon Musk, who recently integrated the memecoin into its website as a supported payment option. According to Coingecko, Dogecoin (DOGE) currently ranks 9th in the crypto market and exchanges hands at $0.14.
#memecoins #binance
🚀 Meme Coins to the Moon After the Dip: Top 3 Picks 🚀
The recent market dip has created exciting buying opportunities for meme coin enthusiasts. Here are the top 3 meme coins poised for a potential moonshot:
Dogecoin (DOGE): The original meme coin, backed by a strong community and endorsements from celebrities like Elon Musk, DOGE remains a favorite for many investors.
Shiba Inu (SHIB): Known as the "Dogecoin killer," SHIB has a robust ecosystem and plans for a decentralized exchange, making it a strong contender.
Floki Inu (FLOKI): Inspired by Elon Musk's pet, FLOKI has gained traction with its vibrant community and strategic partnerships.
#MemeCoins #DOGE #SHIB #FLOKI #ToTheMoon
$SHIB
$DOGE
$FLOKI
The recent market dip has created exciting buying opportunities for meme coin enthusiasts. Here are the top 3 meme coins poised for a potential moonshot:
Dogecoin (DOGE): The original meme coin, backed by a strong community and endorsements from celebrities like Elon Musk, DOGE remains a favorite for many investors.
Shiba Inu (SHIB): Known as the "Dogecoin killer," SHIB has a robust ecosystem and plans for a decentralized exchange, making it a strong contender.
Floki Inu (FLOKI): Inspired by Elon Musk's pet, FLOKI has gained traction with its vibrant community and strategic partnerships.
#MemeCoins #DOGE #SHIB #FLOKI #ToTheMoon
$SHIB
$DOGE
$FLOKI
GameStop's bullish turnaround helps meme coins rebound
After Chairman and CEO Ryan Cohen won a Section 16(b) lawsuit, GameStop's stock rises 25%.
After a big drop earlier in the day, WIF, FLOKI, and BRETT are recovering.
Similar to GameStop's bullish turn, GME meme coin returns from significant losses.
Many meme currencies are recovering from Tuesday's market fall after GameStop stock gained over 25% in 24 hours.
GameStop rally may prevent meme coin dump.
In the last 24 hours, GameStop stock has rallied over 25% after Chairman and CEO Ryan Cohen won a 16b lawsuit over his stake in Bed Bath & Beyond Inc. After huge losses earlier in the day, numerous meme currencies have recovered.
Since May 29, Dogwifhat (WIF) has lost 38% in two weeks. The Solana meme currency hit a monthly low of $2.44 today before recovering in recent hours. WIF, which led the meme coin fever in March, has lost popularity.
According to Coinglass, WIF's trading volume rose 71% to $1.23 billion across Binance, Bybit, and OKX during the downturn. After the GameStop rise, bulls must have been buying meme coins at cheap rates, as they gained 2.5% in the previous few hours.
FLOKI lost about 7% of its value in 24 hours. Since hitting an all-time high of $0.0003449 on June 5, it has fallen, perhaps due to profit-taking. It's 30% below its peak.
According to IntoTheBlock, 97% of FLOKI is in the money, thus additional sell-offs may occur if the crypto market falls further.
Based on average purchase pricing, In/Out of the Money shows the amount of addresses/coins in profit or loss. If its current price is more than its average cost, an address/coin is in the money; otherwise, it is not.
As FLOKI's price fell, huge transactions quadrupled in three days, confirming prior sell-offs.
FLOKI's 30-day MVRV ratio is -8%, suggesting addresses that bought the meme currency in the previous 30 days lost 8%. This suggests a positive turnaround. FLOKI has risen roughly 2% in the previous four hours, suggesting buyers are returning.
#memecoins #FLOKI #SHIB #DOGE $SHIB
After Chairman and CEO Ryan Cohen won a Section 16(b) lawsuit, GameStop's stock rises 25%.
After a big drop earlier in the day, WIF, FLOKI, and BRETT are recovering.
Similar to GameStop's bullish turn, GME meme coin returns from significant losses.
Many meme currencies are recovering from Tuesday's market fall after GameStop stock gained over 25% in 24 hours.
GameStop rally may prevent meme coin dump.
In the last 24 hours, GameStop stock has rallied over 25% after Chairman and CEO Ryan Cohen won a 16b lawsuit over his stake in Bed Bath & Beyond Inc. After huge losses earlier in the day, numerous meme currencies have recovered.
Since May 29, Dogwifhat (WIF) has lost 38% in two weeks. The Solana meme currency hit a monthly low of $2.44 today before recovering in recent hours. WIF, which led the meme coin fever in March, has lost popularity.
According to Coinglass, WIF's trading volume rose 71% to $1.23 billion across Binance, Bybit, and OKX during the downturn. After the GameStop rise, bulls must have been buying meme coins at cheap rates, as they gained 2.5% in the previous few hours.
FLOKI lost about 7% of its value in 24 hours. Since hitting an all-time high of $0.0003449 on June 5, it has fallen, perhaps due to profit-taking. It's 30% below its peak.
According to IntoTheBlock, 97% of FLOKI is in the money, thus additional sell-offs may occur if the crypto market falls further.
Based on average purchase pricing, In/Out of the Money shows the amount of addresses/coins in profit or loss. If its current price is more than its average cost, an address/coin is in the money; otherwise, it is not.
As FLOKI's price fell, huge transactions quadrupled in three days, confirming prior sell-offs.
FLOKI's 30-day MVRV ratio is -8%, suggesting addresses that bought the meme currency in the previous 30 days lost 8%. This suggests a positive turnaround. FLOKI has risen roughly 2% in the previous four hours, suggesting buyers are returning.
#memecoins #FLOKI #SHIB #DOGE $SHIB
