Sunday, July 27, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
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
CRYPTO MARKETCAP
  • 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

by SB Crypto Guru News
July 16, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


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?

Related Posts

US Senator Champions BTC Amid Inflation Fears

US Senator Champions BTC Amid Inflation Fears

by SB Crypto Guru News
July 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a Wyoming lawmaker’s recent Fox...

Crypto Analyst Warns XRP Investors Amid Market Retrace

Crypto Analyst Warns XRP Investors Amid Market Retrace

by SB Crypto Guru News
July 26, 2025
0

Crypto analyst Steph has issued a warning to XRP investors regarding the current price action. He alluded to a multi-year...

Bitcoin Price Watch: Bullish Bias Remains Above 4K Floor

Bitcoin Price Watch: Bullish Bias Remains Above $114K Floor

by SB Crypto Guru News
July 26, 2025
0

Bitcoin’s price coasted along at $117,914 per coin on July 26, 2025, pushing its market capitalization to $2.34 trillion with...

[LIVE] Ethereum, Solana, BNB Outperforming The Crypto Market: Best Crypto To Buy Now As BTC and XRP Stall

[LIVE] Ethereum, Solana, BNB Outperforming The Crypto Market: Best Crypto To Buy Now As BTC and XRP Stall

by SB Crypto Guru News
July 26, 2025
0

It’s the weekend again, and it is the time again to reflect back what the week has brought to the...

Crypto Job Scam: US Woman Sentenced for Aiding North Korean Hackers

Crypto Job Scam: US Woman Sentenced for Aiding North Korean Hackers

by SB Crypto Guru News
July 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A woman from Arizona has been sentenced...

Load More
Next Post
Why Is South Korea Postponing Crypto Taxation?

Why Is South Korea Postponing Crypto Taxation?

Institutional Investors Pour .44 Billion Into Crypto In One Week

Institutional Investors Pour $1.44 Billion Into Crypto In One Week

Facebook Twitter LinkedIn Tumblr RSS

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

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

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

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.