Monday, December 4, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Analysis

Dogecoin faces a 60% downswing as meme cash development decrease

by BitScoop
June 18, 2022
in Analysis
Reading Time: 2 mins read
A A
0
Dogecoin faces a 60% downswing as meme cash development decrease
Share on FacebookShare on Twitter

[ad_1]

Dogecoin has accelerated its slide considerably over the previous week. The coin is slowly looking for some momentum, however positive aspects during the last 24 hours have been modest at finest. Nevertheless, DOGE faces a significant draw back from an extended perspective. The coin might doubtlessly slide by 60% over the approaching weeks. Listed here are a number of the issues you must know:

  • DOGE seems to be accelerating downwards to the $0.048 assist.

  • A breakdown at this worth will set off a draw back in direction of $0.041.

  • It will characterize over 60% in losses from the present worth.

Information Supply: TradingView 

How DOGE can keep away from this sell-off

There are two methods DOGE can avert a pointy decline within the close to time period. To start with, the coin might want to discover shopping for momentum and push the worth effectively above $0.1. If this occurs, we might see a extra sustained uptrend that limits the draw back by an enormous margin. However primarily based on traits out there proper now, we don’t assume the coin will rise above $0.1. 

Secondly, Dogecoin should maintain the $0.048 assist. That is comparatively doable for the reason that coin is already above this threshold by effectively over 20%. So long as broader weak spot out there eases, we’re more likely to see a stronger consolidation above this worth. 

However there’s nonetheless a danger that these two situations is not going to play out. In spite of everything, the market has already turned bearish. As such, it’s probably that DOGE will fail to maintain the $0.048 assist and consequently slide 60% from its worth.

When will DOGE get well?

A full restoration for Dogecoin will want months. The coin is already method decrease from its ATH, and it doesn’t appear to be there’s sufficient demand for meme cash to push it up.

However a slight restoration to $0.1 shouldn’t be far off. For now, the short-term outlook for dogecoin is bearish.

[ad_2]

Source link

Related articles

4 Reasons AltSignals’ New Crypto ASI Is Gaining Ground As More People Learn To Trade Online

4 Reasons AltSignals’ New Crypto ASI Is Gaining Ground As More People Learn To Trade Online

March 6, 2023
Bullish Bitcoin Price Indicates Crypto Market Recovery – Smart Investors Back AltSignals’ New ASI Token

Bullish Bitcoin Price Indicates Crypto Market Recovery – Smart Investors Back AltSignals’ New ASI Token

March 6, 2023
Tags: altcoinsbitcoin pricebitcoin updatesbitscoopCoinscrypto newscrypto updatesDogecoindownswingFaceslatest bitcoin newsMemeTrend
Share76Tweet47
Previous Post

Waves plots main comeback after dealing with promoting strain

Next Post

BTC Worth Faces Stiff Resistance at $23K

Related Posts

4 Reasons AltSignals’ New Crypto ASI Is Gaining Ground As More People Learn To Trade Online

4 Reasons AltSignals’ New Crypto ASI Is Gaining Ground As More People Learn To Trade Online

by BitScoop
March 6, 2023
0

With increasing numbers joining the crypto market every day, many have been embracing signal providers to help them trade online....

Bullish Bitcoin Price Indicates Crypto Market Recovery – Smart Investors Back AltSignals’ New ASI Token

Bullish Bitcoin Price Indicates Crypto Market Recovery – Smart Investors Back AltSignals’ New ASI Token

by BitScoop
March 6, 2023
0

With Bitcoin’s price making a resurgence, investors are gearing up for a bull market in 2023. Crypto signal providers are...

5 Reasons You Should Look into AltSignals’ New Token, ASI

5 Reasons You Should Look into AltSignals’ New Token, ASI

by BitScoop
March 3, 2023
0

AltSignals has built up a 52,000 strong online community of traders, thanks to the huge levels of trust that the...

Crypto price predictions: EOS, Immutable X, QuickSwap

Crypto price predictions: EOS, Immutable X, QuickSwap

by BitScoop
March 3, 2023
0

Cryptocurrency prices plunged this week after Silvergate Capital postponed its annual report, pushing its stock price down by over 60%....

Crypto News March 2023 – Web3 Community Hub Metacade (MCADE) Presale is Selling Out Fast!

Crypto News March 2023 – Web3 Community Hub Metacade (MCADE) Presale is Selling Out Fast!

by BitScoop
March 2, 2023
0

One of the strengths of Web3 technology, and the many projects that it has spawned, is its capability to create...

Load More
Next Post
BTC Worth Faces Stiff Resistance at $23K

BTC Worth Faces Stiff Resistance at $23K

Crypto entrepreneur Jeff Huang allegedly stole 22,000 ETH, ran over 10 failed initiatives

Crypto entrepreneur Jeff Huang allegedly stole 22,000 ETH, ran over 10 failed initiatives

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Sepolia Testnet Faucet – What is a Sepolia Faucet?

Sepolia Testnet Faucet – What is a Sepolia Faucet?

January 9, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Guide to Comparing RT3D Engines in 2023

A Guide to Comparing RT3D Engines in 2023

February 28, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.