The Basics about Cryptocurrency
Benzinga – If you are new to meme coins, it may be quite difficult to risk your hard-earned cash on fading trends – meme coins are notoriously known for having a price fluctuate purely depending on how much people talk about them on social media.
Dogecoin (DOGE) was created in 2013 as a joke based on the popular “Doge” meme. Despite its origins as a meme coin, the DOGE has since gained a significant following and has seen significant price increases in recent years.
Key Highlights Dogecoin price attempted to trade higher, but failed miserably around a bearish trend line formed on the hourly chart (data feed from HitBTC). There was a sharp downside reaction after buyers failed to lift the price above the trend line resistance area. The price is again trading near the highlighted trend line, which …
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Dogecoin price is trading near a major resistance area of 40.0 Satoshis, as buyers eye a break. The price is following a support trend line on the hourly chart, which may push the price to higher levels moving ahead. A break above 40.5-40.9 Satoshis is needed for an upside move towards 44-45.0 Satoshis. Dogecoin price …
Dogecoin price remained under the bearish pressure, but trading near a major resistance area. The price is at a major crossroads, as there lies a crucial barrier around 58.0 Satoshis for buyers to break. The price continued to trade below the 100 hourly simple moving average (SMA), which is a warning sign. Dogecoin price struggled …
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