Dogecoin stößt auf Widerstand, aber die Bullen bleiben optimistisch
Dogecoin (DOGE), the largest meme-based cryptocurrency, is facing challenges in building momentum amid ongoing market uncertainty.
A well-known crypto analyst recently pointed out that DOGE is encountering resistance at two critical levels: $0.18 and $0.21. The expert suggested that breaking through these levels could potentially trigger a significant bullish rally.
At present, DOGE is trading around $0.17, reflecting a modest 2.75% increase over the past 24 hours. During intraday trading, the price briefly touched $0.175 before facing strong resistance and pulling back. Notably, trading volume has decreased by 10% within the same period, indicating reduced trader engagement compared to the previous day.
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Technical analysis indicates that DOGE is exhibiting bearish signs as it retests a breakdown from an ascending trendline. If the price falls and closes a four-hour candle below $0.162, analysts warn of a potential steep decline in the near future. Additionally, DOGE is currently positioned below the 200-day Exponential Moving Average (EMA) on the daily chart, reinforcing a bearish outlook and reflecting weak market sentiment.
Despite the bearish signals, some traders remain optimistic. On-chain data from Coinglass reveals that long positions significantly outweigh short positions. Over the past 24 hours, traders have accumulated $25.60 million in long bets compared to $8.50 million in shorts. This suggests that bullish sentiment still persists, with many betting on a potential upward move despite current resistance levels.
Alex ist ein erfahrener Finanzjournalist und begeisterter Anhänger von Kryptowährungen. Mit über 8 Jahren Erfahrung in der Berichterstattung über Kryptowährungen, Blockchain und die Fintech-Branche ist er bestens vertraut mit der komplexen und sich ständig weiterentwickelnden Welt der digitalen Vermögenswerte. Seine fundierten und provokativen Artikel bieten den Lesern ein klares Bild der neuesten Entwicklungen und Trends auf dem Markt. Sein Ansatz ermöglicht es ihm, komplexe Ideen in leicht verständliche und fundierte Inhalte zu zerlegen. Verfolgen Sie seine Veröffentlichungen, um über die wichtigsten Trends und Themen auf dem Laufenden zu bleiben.
