Current Status of Dogecoin

Looking at the Long/Short ratio data for DOGE, it appears that traders are not affected by performance. According to data provided by Coinglass, the 24-hour Long/Short ratio for Dogecoin was pointing to 1.02.

This ratio emerging on the Long/Short side is known as an important metric used to gauge the sentiments of Futures traders. A value below 1 can indicate the dominance of shorts. On the other hand, a value above 1 reflects the superiority of bulls and a positive structure.

What is Dogecoin’s Current Price?

In the midst of a strong market downturn, DOGE also took its share of the impact. After a 10% drop in the last 24 hours, the price has fallen to $0.17.

On the other hand, the market volume also experienced a similar decline, falling to $24.64 billion. Despite this drop, it continues to hold its 8th place in market volume ranking.

Looking at the 24-hour trading volume, DOGE saw a noticeable volume reaching $3.67 billion after an 85% increase.

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DOGE price is consolidating in a narrow trading range, around $0.20. This is an important psychological level that the asset managed to pass two weeks ago. The last time DOGE was priced above this level was in November 2021. 🐶
Despite the consolidation, analysts believe DOGE's next bullish surge will start sooner than expected.
Renowned crypto trader Rekt Capital suggests that this major memecoin is in a retest phase at the $0.20 level on the monthly time frame.
Another analyst, Mikybull Crypto, also has a similarly bullish view.
As the father of all memecoins, traders are predicting prices over $1, as the coin reflects previous cycles.
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Solana Whales Are Pouring Big Money Into This Meme Coin, Major Price Rally Ahead
Following the success of top SOL meme coins like $WIF, $BOME, $SLERF, and $BONK, the market has been surprised by another contender: $HUMP. This new meme coin has generated significant buzz, with rumors of its enormous potential attracting whales who are accumulating $HUMP in anticipation of a massive price rally, some projections even indicate a potential 100x price jump.
Solana Memecoin Craze Continues
Solana’s revival began in early 2024, marking a surprising turnaround following the FTX incident in 2022. One of the most important factors driving this resurgence is the unexpected rise in popularity of meme coins like $BOME, $SLERF, $BONK, and $WIF. This trend defied previous predictions of a fading fad, indicating Solana back to the top of the crypto market and now it competes with some crypto giants like Bitcoin and Ethereum in terms of market capitalization and daily transactions. This memecoin craze shows no signs of slowing down. The Solana ecosystem itself has continued to attract new projects, with $HUMP emerging as a promising contender following the success stories of previous top SOL meme coin.
Whales Are Accumulating $HUMP, Signaling Upcoming Massive Rally
Following the impressive success of top SOL meme coins like $WIF, $BOME, and $BONK, the cryptocurrency market has been surprised by the emergence of a new contender: $HUMP. Its entry into the market has been nothing short of spectacular, with its launch witnessing an impressive 20x price surge. Remarkably, the token has risen from an initial valuation of $0.0001 to its current price of $0.006. $HUMP’s price rise has caused a stir in the market, capturing the attention. The sudden influx of interest has been accompanied by some activity, with trading volumes spiking and the token’s market capitalization rapidly climbing. Driving much of this newfound momentum are whales – those deep-pocketed investors who wield significant influence in the whole crypto market. Their discreet yet substantial :#DogecoinDreams $BTC

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It seems like you're enthusiastic about Dogecoin's potential and its journey to higher heights, especially with influential figures like Elon Musk supporting it. While I can understand the excitement, it's important to remember that investing in cryptocurrencies carries risks, and market fluctuations can be unpredictable. Always do your own research and consider consulting with a financial advisor before making investment decisions.#doge #DogecoinDreams #dogepump

Meme coins are becoming a fashionable item as well as a profitable investment possibility in the rapidly developing cryptocurrency market.
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📌17/04/2024

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On the hourly chart, the price of DOGE is bearish as the rate is about to break the local support of $0.1495. If that happens, the fall may lead to the test of the $0.14 zone shortly.

On the bigger time frame, the rate is far from key levels. In this case, one should pay attention to the daily bar's closure in terms of yesterday's low at $0.15.

If it happens below that mark, the decline may continue to the $0.135-$0.14 range.

From the midterm point of view, the price is falling after a failed attempt to fix above the interim level of $0.16. If the decline continues, traders may expect a test of the support level of $0.1260 until the end of the month.

DOGE is trading at $0.1504 at press time.

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The recent surge in Bitcoin to $74K faced resistance and retreated to around $69K. It's currently finding support in the 60.5-62.5k range, but I anticipate a potential retest to 58K.

Caution is advised as breaching this range could lead to further declines towards 50.5-52k, with a worst-case scenario targeting 48K. Volatility remains high, so avoid leverage trading or use tight stop-loss orders.

Last week was challenging for Bitcoin and altcoin holders, with many experiencing significant losses. Over one billion dollars in late longs and shorts were liquidated recently.

A long-term bullish turn may occur if we cross and retest the 65-66K level. However, I predict sideways movement until the halving, which could act as a "sell the news" event.

It's essential to remember that leverage is a tool—it can be effective when used by experienced traders but can be dangerous for novices. Stay cautious and monitor the market closely. #BTC #etf #BinanceLaunchpool #bitcoinhalving #HotTrends #Shib #Memecoins #DogecoinDreams #WIFBULLISH #ASI 📉🚀