Dogecoin Price And Its Weekly Golden Cross: Why The Crash To $0.31 Remains Natural

Dogecoin Price And Its Weekly Golden Cross: Why The Crash To alt=

Este artículo también está disponible en español.

The complete crypto market has been riddled with a notable decline previously 24 hours, led by Bitcoin’s break under the $100,000 worth degree once more. Dogecoin wasn’t neglected of this decline, which noticed its worth crashing by nearly 15% and ultimately reaching under $0.31. Nevertheless, technical evaluation means that this worth decline could be very pure in Dogecoin’s present trajectory. This technical evaluation provides a silver lining for Dogecoin fanatics, because it frames the pullback as a pure phenomenon throughout the broader ongoing bull cycle.

Weekly Golden Cross And Its Implications For The Dogecoin Price

Crypto analyst Kevin (Kev_Capital_TA) took to the social media platform X to focus on the importance of Dogecoin’s weekly golden cross amidst the continuing market downturn. Based on Kevin, Dogecoin skilled a weekly golden cross again in early November, coinciding with the US election interval. Traditionally, such technical indicators sign sturdy bullish momentum to the upside. Nevertheless, Kevin famous that the present pullback aligns with previous patterns the place Dogecoin underwent important corrections following golden crosses.

Associated Studying

He identified that in earlier cycles, Dogecoin confronted three separate 50% corrections on its path to conclude at a cycle high. This historic conduct gives context for the current crash to $0.31, which, in keeping with Kevin, is a typical bull market pullback. He emphasised that this type of retracement will not be solely anticipated but additionally important for sustaining the market’s bullish construction.

Supply: X

Help Ranges And The Golden Pocket Zone

Kevin’s technical evaluation additional seems to be into Dogecoin’s key help ranges that might decide the meme coin’s subsequent transfer. To get these help ranges, he outlined the macrostructured help zone and the golden pocket, which is a Fibonacci retracement zone broadly considered a robust help space. Based mostly on his evaluation, a forty five% correction from Dogecoin’s current excessive would align with these ranges and will set the stage for a resumption of the uptrend.

Associated Studying

With that in thoughts, the current Dogecoin worth excessive is simply round $0.48, a worth level that it achieved in early December. Ought to Dogecoin faucet into this golden pocket zone with out closing under the $0.26 degree on a weekly foundation, this must be sufficient to maintain the bullish market construction intact. Nevertheless, breaking under help at $0.26 might spell hassle for Dogecoin, and trigger a shift in its worth trajectory within the broader pattern.

On the time of writing, Dogecoin is buying and selling at $0.3179, marking a steep 12% decline previously 24 hours and an much more important 22% drop over the previous seven days. This current decline locations Dogecoin at its lowest degree since early November, breaking under the $0.35 threshold for the primary time in over a month. However, the $0.26 help degree will stay a spotlight in figuring out whether or not Dogecoin’s bull run remains to be legitimate.

Dogecoin price chart from Tradingview.com
DOGE worth loses $0.3 | Supply: DOGEUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 103,967.86 0.52%
ethereum
Ethereum (ETH) $ 2,492.98 1.11%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.14 0.03%
bnb
BNB (BNB) $ 650.33 0.62%
solana
Solana (SOL) $ 151.40 1.41%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.188229 0.52%
tron
TRON (TRX) $ 0.267479 0.57%
cardano
Cardano (ADA) $ 0.660022 0.97%
staked-ether
Lido Staked Ether (STETH) $ 2,489.56 1.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,037.87 0.41%
sui
Sui (SUI) $ 3.22 2.71%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,999.65 1.35%
hyperliquid
Hyperliquid (HYPE) $ 31.78 1.67%
chainlink
Chainlink (LINK) $ 13.75 0.18%
avalanche-2
Avalanche (AVAX) $ 20.36 0.91%
stellar
Stellar (XLM) $ 0.263413 1.01%
leo-token
LEO Token (LEO) $ 8.67 0.81%
bitcoin-cash
Bitcoin Cash (BCH) $ 398.16 1.38%
the-open-network
Toncoin (TON) $ 3.11 1.63%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.54%
usds
USDS (USDS) $ 1.00 0.01%
hedera-hashgraph
Hedera (HBAR) $ 0.165482 1.91%
weth
WETH (WETH) $ 2,493.69 1.09%
litecoin
Litecoin (LTC) $ 86.40 1.36%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,662.71 1.55%
polkadot
Polkadot (DOT) $ 4.00 0.39%
monero
Monero (XMR) $ 325.85 0.64%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.09%
bitget-token
Bitget Token (BGB) $ 4.66 0.55%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.08%
pepe
Pepe (PEPE) $ 0.000011 1.41%
pi-network
Pi Network (PI) $ 0.629798 1.66%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,899.84 0.42%
whitebit
WhiteBIT Coin (WBT) $ 31.12 0.17%
dai
Dai (DAI) $ 0.999957 0.02%
uniswap
Uniswap (UNI) $ 6.15 2.42%
bittensor
Bittensor (TAO) $ 418.18 4.36%
aave
Aave (AAVE) $ 240.63 3.33%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.08%
crypto-com-chain
Cronos (CRO) $ 0.102771 0.01%
okb
OKB (OKB) $ 50.05 0.49%
aptos
Aptos (APT) $ 4.67 0.77%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 2.38 0.22%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 182.51 1.42%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.46 1.93%
internet-computer
Internet Computer (ICP) $ 4.84 2.60%
ondo-finance
Ondo (ONDO) $ 0.813944 0.82%
ethereum-classic
Ethereum Classic (ETC) $ 16.71 0.12%
susds
sUSDS (SUSDS) $ 1.05 0.00%
gatechain-token
Gate (GT) $ 19.19 0.24%
mantle
Mantle (MNT) $ 0.674646 0.58%
official-trump
Official Trump (TRUMP) $ 11.07 3.20%
kaspa
Kaspa (KAS) $ 0.083488 0.39%
usd1-wlfi
USD1 (USD1) $ 1.00 0.05%
vechain
VeChain (VET) $ 0.02375 0.94%
render-token
Render (RENDER) $ 3.80 1.22%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 103,620.76 0.49%
cosmos
Cosmos Hub (ATOM) $ 4.28 0.74%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.732044 1.03%
fasttoken
Fasttoken (FTN) $ 4.43 0.17%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.211611 2.03%
ethena
Ethena (ENA) $ 0.305189 1.40%
worldcoin-wld
Worldcoin (WLD) $ 1.11 2.05%
filecoin
Filecoin (FIL) $ 2.53 0.78%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.23%
algorand
Algorand (ALGO) $ 0.191112 0.40%
arbitrum
Arbitrum (ARB) $ 0.333395 1.10%
quant-network
Quant (QNT) $ 109.32 4.08%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.39 0.45%
jupiter-exchange-solana
Jupiter (JUP) $ 0.513075 1.07%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,499.16 0.96%
celestia
Celestia (TIA) $ 2.17 1.18%
kucoin-shares
KuCoin (KCS) $ 11.21 0.47%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 159.65 1.38%
usdt0
USDT0 (USDT0) $ 1.00 0.10%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.92 2.82%
bonk
Bonk (BONK) $ 0.000016 2.33%
sonic-3
Sonic (S) $ 0.385289 0.17%
nexo
NEXO (NEXO) $ 1.22 0.02%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,835.01 1.30%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,604.73 1.15%
injective-protocol
Injective (INJ) $ 11.75 1.91%
flare-networks
Flare (FLR) $ 0.017478 6.27%
story-2
Story (IP) $ 4.03 4.80%
blockstack
Stacks (STX) $ 0.723886 0.11%
optimism
Optimism (OP) $ 0.638515 0.19%
fartcoin
Fartcoin (FARTCOIN) $ 1.05 0.57%
sei-network
Sei (SEI) $ 0.189307 0.35%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.01%
xdce-crowd-sale
XDC Network (XDC) $ 0.061252 3.35%
immutable-x
Immutable (IMX) $ 0.539699 0.61%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 104,126.90 1.05%
eos
EOS (EOS) $ 0.623415 2.94%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,652.87 1.29%
paypal-usd
PayPal USD (PYUSD) $ 0.999552 0.02%
the-graph
The Graph (GRT) $ 0.093499 0.46%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,610.96 1.40%
Scroll to Top