Dogecoin Price Falls 9% amid Rising Trade Volumes

user avatar

by Giorgi Kostiuk

2 years ago

The Dogecoin price decreased by 9% to $0.3605 as trading volume increased by 75%, reaching $9.6 billion.

DOGE Chart Analysis

Dogecoin's 4-hour chart shows a rounded bottom pattern, indicating a potential bullish reversal. After reaching $0.40, the price consolidated around $0.36. It fell below the 50-period SMA, suggesting short-term bearish momentum, but the 200-period SMA remains a strong support. The RSI stands at 42.21, reflecting a loss of bullish momentum.

Can DOGE Reach $0.45?

Following a strong rally, Dogecoin is in a consolidation phase. If DOGE holds above the 200-period SMA, it might trigger another upward movement aiming at $0.40, and potential breakout to $0.45. If it falls below $0.3455, the next support comes near $0.34.

Flockerz Presale Update

Flockerz is nearing the $12 million mark in its ICO, featuring a vote-to-earn mechanism and a staking yield of 261% annually. Participants can purchase FLOCK tokens using BNB, ETH, USDT, or a bank card.

Dogecoin's price decline and increased trading volume may indicate a market sentiment shift, while projects like Flockerz continue to attract investor interest.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.