• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Dogecoin Set For Heightened Downtrend After A Rejection At $0.1293

SB Crypto Guru News by SB Crypto Guru News
July 16, 2024
in Bitcoin
0 0
0
Dogecoin Set For Heightened Downtrend After A Rejection At alt=


Popular meme coin, Dogecoin, recently faced a rejection at a significant resistance level of $0.1293. This setback has led the crypto asset to start a fresh downward move towards its previous low of $0.0914. Since DOGE failed to break past the $0.1293 barrier, this has led to speculations among market participants about the next move of the digital asset.

In this article, we will examine the post-rejection price actions of DOGE with the help of technical indicators to determine what this rejection could mean for the crypto asset in the near future.

DOGE’s price is currently trading at around $0.121 and is up by 1.85% with a market capitalization of over $17 billion and a trading volume of over $1 billion as of the time of writing. In the last 24 hours, its market cap and trading volume have increased by 1.83% and 73.09% respectively.

Recent Market Performance: Analyzing DOGE’s Price Action

Currently, the price of Dogecoin on the 4-hour chart is trading below the bearish trendline and has dropped a bearish momentum after the rejection at $0.129 above the 100-day Simple Moving Average (SMA). Based on these current price actions, the digital asset may be poised to maintain its bearish sentiment and could potentially extend its bearish move toward the $0.1144 support level.

Dogecoin

The formation of the 4-hour Composite Trend Oscillator also suggests a potential bearish continuation for the crypto asset as the signal line has crossed below the SMA of the indicator in the overbought zone attempting to move out of this zone.

On the 1-day chart, the price of DOGE is dropping rapidly after failing to break above the $0.129 and the 1-day bearish trendline. It can be observed that the crypto asset is still trading below the 100-day SMA and is currently attempting a bearish move toward the $0.114 support level with a strong bearish momentum.

Dogecoin

Finally, it can observed that the signal line and the SMA are attempting to move out of the oversold zone. However, this may just be on a short-term note as prices might begin to drop again thereby signaling more bearishness for DOGE.

Potential Support Levels: Where Could Dogecoin Find Stability?

As of right now, Dogecoin is attempting a bearish move toward the $0.1144 support mark. If the crypto asset breaks below this level, it will continue to move downward toward the $0.0914 support level. A break below this level may trigger more losses for DOGE  to test the $0.0745 level and other lower levels.

However, if the price of DOGE reaches the $0.1144 support level and experiences a rejection, it will begin to ascend toward the $0.129 resistance level. The crypto asset may pose a further climb toward the $0.1491 resistance level and other higher levels if there is a breach above the $0.129 resistance level.

Dogecoin



Source link

Tags: Bitcoin NewsCrypto NewsCrypto UpdatesDogecoinDowntrendHeightenedLatest News on CryptoRejectionSB Crypto Guru NewsSet
Previous Post

What Does It Actually Take to Build a Blockchain?

Next Post

Why Is South Korea Postponing Crypto Taxation?

Next Post
Why Is South Korea Postponing Crypto Taxation?

Why Is South Korea Postponing Crypto Taxation?

  • Trending
  • Comments
  • Latest
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
TRX Price Analysis: Justin Sun Tron Standing Strong at Top 10

TRX Price Analysis: Justin Sun Tron Standing Strong at Top 10

0
M Buzz, Transfer Proposal Sparks Massive Community Shift

$80M Buzz, Transfer Proposal Sparks Massive Community Shift

0
DeFi Real World Assets Tokenizing Platform Ondo Finance Acquires SEC-Regulated Broker Dealer Oasis Pro

DeFi Real World Assets Tokenizing Platform Ondo Finance Acquires SEC-Regulated Broker Dealer Oasis Pro

0
Squeeze a Whole Business Book into Your Lunch Break

Squeeze a Whole Business Book into Your Lunch Break

0
Bitcoin Price Could Resume Uptrend If 5,000 Support Holds — Here’s How

Bitcoin Price Could Resume Uptrend If $105,000 Support Holds — Here’s How

0
Bitcoin Enters New Era: Derivatives Dominate As Futures Volume Hits 0 Trillion

Bitcoin Enters New Era: Derivatives Dominate As Futures Volume Hits $650 Trillion

0
Squeeze a Whole Business Book into Your Lunch Break

Squeeze a Whole Business Book into Your Lunch Break

July 5, 2025
Bitcoin Price Could Resume Uptrend If 5,000 Support Holds — Here’s How

Bitcoin Price Could Resume Uptrend If $105,000 Support Holds — Here’s How

July 5, 2025
TRX Price Analysis: Justin Sun Tron Standing Strong at Top 10

TRX Price Analysis: Justin Sun Tron Standing Strong at Top 10

July 5, 2025
Bitcoin Enters New Era: Derivatives Dominate As Futures Volume Hits 0 Trillion

Bitcoin Enters New Era: Derivatives Dominate As Futures Volume Hits $650 Trillion

July 5, 2025
Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

July 5, 2025
M Buzz, Transfer Proposal Sparks Massive Community Shift

$80M Buzz, Transfer Proposal Sparks Massive Community Shift

July 5, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

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

SITE MAP

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.