Billy Markus, known on Twitter as Shibetoshi Nakamoto, who created the popular meme token DOGE in 2013 with Jackson Palmer as a hobby project, has published a tweet pouring criticism on artificial intelligence.

His tweet just might be influenced by the overall negative expectations to AI shared on Twitter by its most recent owner, tech tycoon Elon Musk. Continuing that, Markus poked fun at a suggestion of how powerful Musk's Neuralink company may become — in a recent tweet Musk suggested that products of this biotech company will be able to create a symbiosis between the human brain and AI in the future.

Neuralink chips compared to Matrix movie

Twitter user @WSBChairman (with over 850,000 followers on Twitter) commented on Markus' tweet about AI and compared Neuralink chips to chips in the Matrix movie, jokingly stating that in the future Elon Musk's company may be able to help people learn anything instantly by literally uploading it to their mind.

Markus in response referred to the classic Matrix movie, where Keanu Reeves opens his eyes on a chair with the back of his head connected to the learning simulator and says, amazed, "I know kung fu."

Musk granted a response to that, using a "grimacing face" emoji.

Overall, Billy Markus expressed his take on the potential of AI for the future of mankind in another tweet, stating that AI "has a pretty good chance of ending humanity."

it's funny how the only good thing going on right now is AI and that has a pretty good chance of ending humanity

— Shibetoshi Nakamoto (@BillyM2k) March 25, 2023

#DOGE #DOGECOIN #BINANCE

The market is back to the green zone, according to the CoinMarketCap ranking.

DOGE/USD

The rate of DOGE has increased by almost 5% over the last 24 hours.

Despite the sharp rise, the rate of DOGE keeps trading near the local resistance level at $0.07649. If buyers' pressure continues, there is a chance to see a breakout, followed by a rise to the $0.077 area.

On the daily time frame, the price of DOGE is getting closer to the resistance at $0.07890. Even though it is too early to make any predictions, if the rate fixes above the $0.078 mark, the accumulated energy might be enough for a blast to $0.08.

From the midterm point of view, one should wait for the bar closure. If that happens near the resistance, the price of DOGE is likely to return to its midterm growth.

In this case, the upward move may continue to the $0.085 area.

DOGE is trading at $0.076 at press time.

#DOGE #DOGECOIN #cryptotrading #crypto2023 #crypto

Dogecoin , a cryptocurrency that started as a joke, has gained immense popularity in recent years. However, with the recent market fluctuations, many are questioning whether the Twitter dream for #DOGECOIN has come to an end.

Despite its humorous origins, Dogecoin has become a serious contender in the cryptocurrency market. Its community-driven approach and low transaction fees have attracted a large following, including high-profile figures like Elon Musk.

However, the recent market downturn has caused DOGE to lose significant value, leading some to question its long-term viability. Additionally, the lack of significant updates to the Dogecoin protocol has left some investors feeling uncertain about its future prospects.

Despite these challenges, Dogecoin remains a popular choice for many investors and continues to have a strong community of supporters. Only time will tell whether the Twitter dream for #DOGE will continue or come to an end.

#coingabbar #crypto2023 #crypto

The Dogecoin (DOGE) price has lost its momentum after a previous breakout. Additionally, it fell below its short-term bullish structure.

The Dogecoin (DOGE) price has increased since March 10. Shortly afterward, it reclaimed the $0.068 support area and broke out from a resistance line that had been in place since November 2022. Breakouts from such long-term structures usually lead to significant upward movements.

This possibility is also supported by the deviation (green circle) and subsequent reclaim of the $0.068 support area. If the increase continues, the next closest resistance area would be at $0.100, created by the 0.382 Fib retracement resistance level and a horizontal resistance area. The area also coincides with the highest price of the year.

However, the daily RSI does not confirm the legitimacy of the breakout yet. This is because the indicator has not moved above 50 yet. Moreover, the internet meme coin still trades close to the breakout level. As a result, it is not certain if the trend is bullish or if the breakout was illegitimate.

DOGE/USDT Daily Chart. Source: TradingView

The technical analysis from the short-term two-hour chart shows that the price broke down from an ascending support line on March 25 and validated it as resistance over the next 24 hours (red icon). The line had been in place since the upward movement began on March 10. As a result, the breakdown from it may mark the end of the short-term upward movement.

Currently, the DOGE price trades above the 0.382 Fib retracement support level at $0.072. If it breaks down, the price could fall to the 0.618 Fib retracement support level at $0.069. This also aligns with the long-term support area mentioned above. The long-term trend can be considered bullish as long as the Dogecoin price trades above it.

DOGE/USDT Two-Hour Chart. Source: TradingView

To conclude, the most likely DOGE price forecast is a breakdown from the minor support at $0.072 and a decrease to $0.069. However, if the price reclaims the previous ascending support line, it could increase to $0.100

#DOGE #DOGECOIN #Binance #USDT #crypto2023

Most of the coins are again back to the red zone, according to the CoinMarketCap data.

DOGE/USD

DOGE is one of the biggest losers today, falling by 4.61%.

On the hourly chart, the price of DOGE is coming back to the recently formed support level at $0.07689. If the decline continues, the breakout might be the prerequisite for a sharp decline to the $0.075 zone.

On the daily chart, the price of DOGE has returned below the resistance at $0.07932 which means that the meme coin has not accumulated enough power for further growth. In this regard, sideways trading in the area of $0.075-$0.078 is the more likely scenario for the next few days.

The situation remains bearish on the daily time frame against Bitcoin (BTC) as the rate keeps going down after the false breakout of the resistance at 0.0000296. If the fall doe not stop, there is a high possibility to see the test of the 0.0000260 zone shortly.

DOGE is trading at $0.07785 at press time

#DOGE #DOGECOIN #crypto2023 #Binance #crypto

"A long-term trendline on the daily chart is currently providing significant resistance for Dogecoin.Bulls have been unable to break through this trendline after several attempts."

The recent drop in the value of Dogecoin can be attributed to a downward trendline. This trendline served as a significant barrier, allowing traders to sell during any upward movement, indicating a firmly established downward trend.

#DOGECOIN has recently seen a resurgence, resulting in a bullish breakout. This breakout has broken a long-standing resistance trendline, which is expected to alleviate the buying pressure that has been building up. This development is encouraging buyers to continue with the ongoing recovery phase.

Thus far, the price of Dogecoin has broken over the overhead resistance trendline, indicating an imminent trend reversal. This bullish breakout should give buyers with a strong base for a potential price rise. Dogecoin's current price is $0.075, representing a 1.20% intraday loss while trading above the 100 day moving average.

The #DOGE is now facing resistance at $0.0790. But, the first significant big obstacle is at $0.0830. If the price successfully breaks past this barrier, it has the potential to rise to $0.0900. If the price continues to rise, it may potentially hit $0.1000.

"If Dogecoin fails to gain momentum above the $0.0780 mark, it is likely to experience a significant decline. The initial level of support is estimated to be around $0.0720, followed by a more substantial support level at $0.0700. Should the price drop below this level, it could potentially plummet even further, possibly dipping below $0.0650." 

KEY LEVELS :

RESISTANCE LEVEL : $0.07900-$0.08300

SUPPORT LEVEL : $0.07100-$0.06800

Dogecoin is currently trading within a narrow range and is facing a major resistance at various times. The question on everyone's mind is whether DOGE will be able to overcome this hurdle and skyrocket towards $0.1000. Is this a realistic forecast or just wishful thinking? We invite you to share your views in the comments section below.

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#crypto2023 #coingabbar

Bears remain more powerful on the market, however, there are some exceptions to the rule. Mainly, the price of DOGE has rocketed by 26%.

DOGE/USD

The rate of DOGE has increased by almost 30% over the last 24 hours.

On the hourly chart, the price is trading in the middle of a wide channel, between the support at $0.09219 and the resistance at $0.1050. There are low chances of seeing any sharp moves by the end of the day, as DOGE has passed most of its ATR. In this case, sideways trading in the area around $0.10 is the more likely scenario.

On the bigger time frame, the rate of DOGE has once again made a false breakout of the resistance at $0.09980. It shows the buyers' weakness and possible correction. If the situation does not change until the end of the day, traders can think about a drop to the $0.095 zone shortly.

On the daily chart against Bitcoin (BTC), the price of DOGE has begun a sharp rise after the breakout of the resistance at 0.0000305. Even though the coin has entered the midterm bullish trend, it might need more time to accumulate energy for further growth. In this regard, sideways trading in the area of 0.0000320-0.0000350 is the more likely scenario.

DOGE is trading at $0.09830 at press time.

#DOGE #DOGECOIN #Binance #crypto #crypto2023