狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一
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[Research and Analysis] What is Dogecoin? Let's explore the world of Memecoin DOGE together!
Memecoins have become a major trend in the cryptocurrency space, with many projects reaching billions of dollars in market capitalization. Dogecoin is considered the pioneering project that opened the memecoin frenzy. So, what is Dogecoin? Let's find out!
What is Dogecoin?
Dogecoin (abbreviated as DOGE) is one of the most famous cryptocurrencies, developed in December 2013 based on the Litecoin platform. Dogecoin was initially created inspired by the 'Doge' meme, which features the famous Shiba Inu. Although it originated from a fun experiment, it quickly gained widespread attention in the cryptocurrency community.
What is Dogecoin?
Dogecoin (abbreviated as DOGE) is one of the most famous cryptocurrencies, developed in December 2013 based on the Litecoin platform. Dogecoin was initially created inspired by the 'Doge' meme, which features the famous Shiba Inu. Although it originated from a fun experiment, it quickly gained widespread attention in the cryptocurrency community.
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#meme section hot topics
The interest rate cut is imminent, will DOGE, Pepe, and WIF lead the rebound?
Recently, the meme has been very quiet, as everyone's attention has been focused on Bitcoin.
Is it time for the meme to rebound?
On the daily chart, DOGE is in an upward channel. It has just touched the bottom of the channel and is currently at a good support level. If it does rebound from here, the top of the channel will be around 0.50. Breaking through the top of the channel and confirming above it could lead to fluctuations around 0.60, depending on where the breakout occurs.
On the other hand, if it breaks below the bottom of the channel and makes lower lows, the upward trend will be negated and will return to square one. That said, the likelihood of trend continuation seems greater.
For the past nine days, PEPE has been in a local downtrend, almost falling back to retest the top of the bullish flag. It has also retested the 0.618 Fibonacci level and may fall back to retest the bullish flag trend line and the 0.786 Fibonacci level.
Since the main trend is still very upward, it is expected that the price will not fall back into the bullish flag shape, although if it breaks down, a price drop below 0.00001730 will create lower lows. That said, this level is a good support.
WIF does seem ready to rebound. It has fallen all the way to the deepest Fibonacci level of this trend, which is 0.786, and this is also a very strong support level. If the price does break through, the upward trend line and the descending trend line of historical highs will become good support.
In summary, the three mentioned memes seem to be ready for a rebound. As always, it largely depends on Bitcoin. From the current situation, Bitcoin is either going to rise or remain relatively stable for a while, with only a small probability of a significant pullback.
If anyone feels confused due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during the operation process, feel free to communicate! #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 $DOGE
The interest rate cut is imminent, will DOGE, Pepe, and WIF lead the rebound?
Recently, the meme has been very quiet, as everyone's attention has been focused on Bitcoin.
Is it time for the meme to rebound?
On the daily chart, DOGE is in an upward channel. It has just touched the bottom of the channel and is currently at a good support level. If it does rebound from here, the top of the channel will be around 0.50. Breaking through the top of the channel and confirming above it could lead to fluctuations around 0.60, depending on where the breakout occurs.
On the other hand, if it breaks below the bottom of the channel and makes lower lows, the upward trend will be negated and will return to square one. That said, the likelihood of trend continuation seems greater.
For the past nine days, PEPE has been in a local downtrend, almost falling back to retest the top of the bullish flag. It has also retested the 0.618 Fibonacci level and may fall back to retest the bullish flag trend line and the 0.786 Fibonacci level.
Since the main trend is still very upward, it is expected that the price will not fall back into the bullish flag shape, although if it breaks down, a price drop below 0.00001730 will create lower lows. That said, this level is a good support.
WIF does seem ready to rebound. It has fallen all the way to the deepest Fibonacci level of this trend, which is 0.786, and this is also a very strong support level. If the price does break through, the upward trend line and the descending trend line of historical highs will become good support.
In summary, the three mentioned memes seem to be ready for a rebound. As always, it largely depends on Bitcoin. From the current situation, Bitcoin is either going to rise or remain relatively stable for a while, with only a small probability of a significant pullback.
If anyone feels confused due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during the operation process, feel free to communicate! #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 $DOGE
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Breaking! Dogecoin active addresses surge 47%, is it time to bottom-fish or a signal to escape?
Dogecoin (DOGE): A critical moment, life and death at stake!
Dogecoin has had a tough time recently, with its value shrinking by over 40% since early March! The entire cryptocurrency market is under immense selling pressure, and macroeconomic uncertainty and market volatility have left investors rattled. Meme coins like DOGE are particularly hard hit, with bears aggressively shorting, leading to a continuous price decline with no signs of rebound.
On-chain data: A glimmer of recovery?
Despite the market slump, on-chain data reveals a glimmer of hope: in the past month, active addresses for DOGE have increased by 47%, soaring from 110,000 to 163,000! Historically, an increase in network activity often signals a price rebound, which may indicate that long-term holders are quietly bottom-fishing.
Dogecoin has had a tough time recently, with its value shrinking by over 40% since early March! The entire cryptocurrency market is under immense selling pressure, and macroeconomic uncertainty and market volatility have left investors rattled. Meme coins like DOGE are particularly hard hit, with bears aggressively shorting, leading to a continuous price decline with no signs of rebound.
On-chain data: A glimmer of recovery?
Despite the market slump, on-chain data reveals a glimmer of hope: in the past month, active addresses for DOGE have increased by 47%, soaring from 110,000 to 163,000! Historically, an increase in network activity often signals a price rebound, which may indicate that long-term holders are quietly bottom-fishing.
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**Market sell-off frenzy**
**Market sell-off frenzy**
During the Asian trading session, the cryptocurrency market was suddenly sold off violently, and the global cryptocurrency market value evaporated by as much as 5% in just a few hours, falling to $1.57 trillion. Bitcoin, as the leader, fell 7%, while altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), DOGE and SHIB were panic-sold.
**Reason Exploration**
In this sudden market turmoil, investors can't help but ask: What exactly caused this "bloody storm"? Next, we will analyze in depth the five major reasons that may have caused this price plunge.
**Reason 1: Market Adjustment**
The market has its own operating rules, and adjustments after continuous rises are inevitable. A well-known Bitcoin analyst pointed out that the adjustment of Bitcoin prices, which doubled in just two months, was not unexpected, but just a manifestation of market self-regulation.
**Reason 2: Macro Event Impact**
When major macro events occur, market adjustments and pullbacks are often the key to confirming future rebounds. Several recent macro events may have affected investor sentiment and triggered a chain reaction in the market.
**Reason 3: Profit-taking**
With the sharp appreciation of altcoins, some investors may choose to withdraw their funds after making profits. Taking Solana (SOL) as an example, data shows that SOL's contract positions on centralized exchanges have declined, indicating that funds may be exiting the market.
**Reason 4: Bitcoin ETF expectations**
This week is a critical moment for the approval of the Bitcoin ETF. Changes in market expectations have led to the withdrawal of funds from altcoins and the inflow of funds into Bitcoin. The market generally speculates that if the Bitcoin ETF is approved, Bitcoin will rise sharply; conversely, if it is not approved, altcoins may
**Reason 5: Geopolitical factors**
Although the specific details are not convenient to state, some geopolitical events may have had an impact on the market. These events often trigger market uncertainty and cause investors to waver in confidence.
#狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗的价格必将发射月球
$TRU
**Market sell-off frenzy**
During the Asian trading session, the cryptocurrency market was suddenly sold off violently, and the global cryptocurrency market value evaporated by as much as 5% in just a few hours, falling to $1.57 trillion. Bitcoin, as the leader, fell 7%, while altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), DOGE and SHIB were panic-sold.
**Reason Exploration**
In this sudden market turmoil, investors can't help but ask: What exactly caused this "bloody storm"? Next, we will analyze in depth the five major reasons that may have caused this price plunge.
**Reason 1: Market Adjustment**
The market has its own operating rules, and adjustments after continuous rises are inevitable. A well-known Bitcoin analyst pointed out that the adjustment of Bitcoin prices, which doubled in just two months, was not unexpected, but just a manifestation of market self-regulation.
**Reason 2: Macro Event Impact**
When major macro events occur, market adjustments and pullbacks are often the key to confirming future rebounds. Several recent macro events may have affected investor sentiment and triggered a chain reaction in the market.
**Reason 3: Profit-taking**
With the sharp appreciation of altcoins, some investors may choose to withdraw their funds after making profits. Taking Solana (SOL) as an example, data shows that SOL's contract positions on centralized exchanges have declined, indicating that funds may be exiting the market.
**Reason 4: Bitcoin ETF expectations**
This week is a critical moment for the approval of the Bitcoin ETF. Changes in market expectations have led to the withdrawal of funds from altcoins and the inflow of funds into Bitcoin. The market generally speculates that if the Bitcoin ETF is approved, Bitcoin will rise sharply; conversely, if it is not approved, altcoins may
**Reason 5: Geopolitical factors**
Although the specific details are not convenient to state, some geopolitical events may have had an impact on the market. These events often trigger market uncertainty and cause investors to waver in confidence.
#狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗的价格必将发射月球
$TRU
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Musk's Dogecoin funding retreat to salvage the situation! Major investors are crazily bottom-fishing, pushing towards $0.5!
In the world of cryptocurrency, Dogecoin's recent performance has attracted a lot of attention. Its market capitalization has suddenly surpassed 30 billion, a figure that has amazed many investors and industry insiders.
With Tesla's strong opening and upward trend yesterday, Dogecoin has also firmly established its footing.
The market news is that leftists like Soros are shorting Tesla stock, and Tesla's headquarters was almost raided, causing Dogecoin's funding chain to urgently withdraw to save the headquarters. Without financial support, the price has fallen sharply. Dogecoin's rise still depends on stabilizing Tesla's stock; one must first ensure internal stability before addressing external challenges!
With Tesla's strong opening and upward trend yesterday, Dogecoin has also firmly established its footing.
The market news is that leftists like Soros are shorting Tesla stock, and Tesla's headquarters was almost raided, causing Dogecoin's funding chain to urgently withdraw to save the headquarters. Without financial support, the price has fallen sharply. Dogecoin's rise still depends on stabilizing Tesla's stock; one must first ensure internal stability before addressing external challenges!
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📈【Emergency Notice】Prices may reverse at any time, and these coins may be on the eve of a surge📉
✅Latest news: President Trump said he is considering donating 20% of Elon Musk's DOGE savings to Americans and 20% to repay debts.
✅Coinbase CEO mentioned that Dogecoin is still one of the most popular currencies in the recent meme market, "Some memes have gone so far that insider trading has occurred, which is illegal." He also expressed his expectations for the future of memes.
🎯【Ambush Opportunity List】🎯
🟢 ai16z: Although the market has remained sluggish recently, the altcoins have basically remained sideways at the bottom after the decline at the beginning of the month. But it is usually extremely difficult to gain a certain profit space when entering the market under high sentiment.
Therefore, the current daily bottom consolidation and the presence of certain support signals are ideal entry opportunities. The strategy has been sent.
🟢 The second wave of warning: broccoli. Recently, CZ has also made actions in succession to hype the bsc chain. After the first wave of enthusiasm subsided, more "broccoli" emerged in the on-chain market. This is a key signal that the second wave will come later. In addition, there has been no strong performance on the chain recently. The sentiment is in place and may generate opportunities to trigger fomo sentiment at any time.
⚠️【Avoiding pit guide】A must-see for new leeks!
❌ Success is meme and failure is meme. The aftermath of the presidential coin incident has not faded yet. In trading, you must remain calm and reasonable position control ratio is an important means to avoid falling into the trap and being unable to recover.
💎Risk control accounts for a higher proportion in trading than profit. When the expected profit and loss ratio is reasonable, reducing risk to a greater extent is the most important factor in trading profit.
#AI #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #总统币 #meme热潮
✅Latest news: President Trump said he is considering donating 20% of Elon Musk's DOGE savings to Americans and 20% to repay debts.
✅Coinbase CEO mentioned that Dogecoin is still one of the most popular currencies in the recent meme market, "Some memes have gone so far that insider trading has occurred, which is illegal." He also expressed his expectations for the future of memes.
🎯【Ambush Opportunity List】🎯
🟢 ai16z: Although the market has remained sluggish recently, the altcoins have basically remained sideways at the bottom after the decline at the beginning of the month. But it is usually extremely difficult to gain a certain profit space when entering the market under high sentiment.
Therefore, the current daily bottom consolidation and the presence of certain support signals are ideal entry opportunities. The strategy has been sent.
🟢 The second wave of warning: broccoli. Recently, CZ has also made actions in succession to hype the bsc chain. After the first wave of enthusiasm subsided, more "broccoli" emerged in the on-chain market. This is a key signal that the second wave will come later. In addition, there has been no strong performance on the chain recently. The sentiment is in place and may generate opportunities to trigger fomo sentiment at any time.
⚠️【Avoiding pit guide】A must-see for new leeks!
❌ Success is meme and failure is meme. The aftermath of the presidential coin incident has not faded yet. In trading, you must remain calm and reasonable position control ratio is an important means to avoid falling into the trap and being unable to recover.
💎Risk control accounts for a higher proportion in trading than profit. When the expected profit and loss ratio is reasonable, reducing risk to a greater extent is the most important factor in trading profit.
#AI #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #总统币 #meme热潮
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Musk: The U.S. has no plans to use Dogecoin! DOGE has dropped 4.1% in the last 24 hours.
Yesterday, Musk specifically clarified the distinction between the federal "Department of Government Efficiency (DOGE)" and Dogecoin at a town hall event held in Green Bay, Wisconsin.
He stated, to my knowledge, the (U.S.) government has no plans to use Dogecoin. Although the names are similar, it's purely a coincidence; we really just want to improve government efficiency by 15%.
DOGE has dropped by 4.1% in the last 24 hours.
At one point, it fell to a low of $0.1627, but the current trend in the cryptocurrency market is generally downward, and DOGE's decline may be partly influenced by the overall crypto market.
As of press time, it is reported at $0.16353, down 4.1% in the last 24 hours.
He stated, to my knowledge, the (U.S.) government has no plans to use Dogecoin. Although the names are similar, it's purely a coincidence; we really just want to improve government efficiency by 15%.
DOGE has dropped by 4.1% in the last 24 hours.
At one point, it fell to a low of $0.1627, but the current trend in the cryptocurrency market is generally downward, and DOGE's decline may be partly influenced by the overall crypto market.
As of press time, it is reported at $0.16353, down 4.1% in the last 24 hours.
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#比特币行情聚焦 #TRUMP市值突破 #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #DOGE冲冲冲
How many people don’t know that Doge is mined through PoW?
Recently, Doge mining output has decreased.
At the current price, it takes 400 days to break even.
The machine can be used for 5 years.
But what position will this price be for Doge?
The bottom? Or the top?
When mining, don't worry; if short on cash, sell; if not short on cash, hold.
How many people don’t know that Doge is mined through PoW?
Recently, Doge mining output has decreased.
At the current price, it takes 400 days to break even.
The machine can be used for 5 years.
But what position will this price be for Doge?
The bottom? Or the top?
When mining, don't worry; if short on cash, sell; if not short on cash, hold.
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#MemeWatch2024
$DOGE #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一
The mass adoption of Dogecoin as a currency will shock the world, when businesses around the world start accepting Dogecoin as a payment method, there will be a 20-30 dollar situation
🐕💸#狗狗的价格必将发射月球
Never forget who tried to convince you to sell your $PEPE , block them, hide them, forget them. #记住是谁告诉你买更多的 $PEPE Prediction of the price will surely fly beyond the earth 嘎 ...
🔥🐅
$DOGE #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一
The mass adoption of Dogecoin as a currency will shock the world, when businesses around the world start accepting Dogecoin as a payment method, there will be a 20-30 dollar situation
🐕💸#狗狗的价格必将发射月球
Never forget who tried to convince you to sell your $PEPE , block them, hide them, forget them. #记住是谁告诉你买更多的 $PEPE Prediction of the price will surely fly beyond the earth 嘎 ...
🔥🐅
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$DOGE Dogecoin can really go up
This wave of original IPs will have a consensus mechanism for the market.
A few days ago, I pointed out CEL and TURBOL in the community, and they have been flying these days!
But in one sentence, small funds are highly leveraged, and large funds are deleveraged! ! I wish all brothers to get rich! !
$SOL $ETH #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗币原主去世了
This wave of original IPs will have a consensus mechanism for the market.
A few days ago, I pointed out CEL and TURBOL in the community, and they have been flying these days!
But in one sentence, small funds are highly leveraged, and large funds are deleveraged! ! I wish all brothers to get rich! !
$SOL $ETH #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗币原主去世了
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Brother, don't pay attention to your rocket, please place an order for our doge dog. The $1 you said has not been realized yet. If not, please tell us about the story and development of Bitcoin. We don't believe in Satoshi Nakamoto or V God in the currency circle, but you. You are the strongest king of shouting orders, the king of narrative, the king of traffic, the king of leading orders, the king of kings, I support ham sausage #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一
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Dogecoin (DOGE) Surge Incoming! Price Set to Rise 10 Times!
Cryptocurrency analysts have recently refocused on Dogecoin, with multiple technical patterns indicating that this well-known meme coin may be poised for a strong rebound. Several market observers point out that the current price trend of Dogecoin shows several positive indicators, and historical data suggests it could achieve up to a tenfold increase.
Key bullish signals include: a breakout from a critical triangle consolidation pattern, the formation of a classic 'cup and handle' bottom structure, and a price pattern strikingly similar to that during the 2017 bull market.
Renowned analyst Trader Tardigrade recently posted an analysis chart on social media platform X showing that Dogecoin's MACD indicator has completed a triangle breakout. Historical data indicates that the emergence of this technical pattern is often accompanied by a significant price surge. Notably, this MACD breakout coincides with the appearance of a rounded bottom pattern, which is typically viewed by technical analysts as a buildup phase before an upward trend.
Key bullish signals include: a breakout from a critical triangle consolidation pattern, the formation of a classic 'cup and handle' bottom structure, and a price pattern strikingly similar to that during the 2017 bull market.
Renowned analyst Trader Tardigrade recently posted an analysis chart on social media platform X showing that Dogecoin's MACD indicator has completed a triangle breakout. Historical data indicates that the emergence of this technical pattern is often accompanied by a significant price surge. Notably, this MACD breakout coincides with the appearance of a rounded bottom pattern, which is typically viewed by technical analysts as a buildup phase before an upward trend.
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Dogecoin to zero? Musk's mysterious late-night statement, buy the dip or run away?
The meme coin market has undergone a sudden change, and Dogecoin (DOGE) is facing a critical moment!
According to detection: DOGE may plummet to $0.05!
Current price $0.17, down 77% from its historical high, with bears continuing to control the market. On-chain detection shows: DOGE is moving towards a correction structure, targeting a range of $0.05 - $0.07!
Musk's mysterious hint, save the market or retreat?
Amidst the panic in market sentiment, Musk released a mysterious symbol late at night, sparking widespread speculation. He has tweeted multiple times to boost DOGE, is this time gearing up or running away early? Breakthrough $0.20 or a deep drop to $0.05? A critical point of decision!
If DOGE can return above $0.20, the bearish theory will fail; otherwise, it may face greater selling pressure.
Are you a staunch DOGE supporter or have you quietly run away? This time, which side are you on? #狗狗币崛起 #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗币的下跌和趋势分析 #狗狗币现状及未来 #狗圈崛起 $BTC $ETH $DOGE
The meme coin market has undergone a sudden change, and Dogecoin (DOGE) is facing a critical moment!
According to detection: DOGE may plummet to $0.05!
Current price $0.17, down 77% from its historical high, with bears continuing to control the market. On-chain detection shows: DOGE is moving towards a correction structure, targeting a range of $0.05 - $0.07!
Musk's mysterious hint, save the market or retreat?
Amidst the panic in market sentiment, Musk released a mysterious symbol late at night, sparking widespread speculation. He has tweeted multiple times to boost DOGE, is this time gearing up or running away early? Breakthrough $0.20 or a deep drop to $0.05? A critical point of decision!
If DOGE can return above $0.20, the bearish theory will fail; otherwise, it may face greater selling pressure.
Are you a staunch DOGE supporter or have you quietly run away? This time, which side are you on? #狗狗币崛起 #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 #狗狗币的下跌和趋势分析 #狗狗币现状及未来 #狗圈崛起 $BTC $ETH $DOGE
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