Dogecoin Can Recover If DOGE Extricates Itself From This Level<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is caught in an extended bearish momentum as coin continues to struggle to trim its losses and regain its bullish energy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Can Recover If DOGE Extricates Itself From This Level\" \/>\n<meta property=\"og:description\" content=\"Dogecoin (DOGE) is caught in an extended bearish momentum as coin continues to struggle to trim its losses and regain its bullish energy.\" \/>\n<meta property=\"og:url\" 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{"id":506260,"date":"2022-10-14T09:10:35","date_gmt":"2022-10-14T09:10:35","guid":{"rendered":"https:\/\/wncen.com\/?p=506260"},"modified":"2022-10-14T09:10:35","modified_gmt":"2022-10-14T09:10:35","slug":"dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\/","title":{"rendered":"Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level"},"content":{"rendered":"

Dogecoin, a dog-themed cryptocurrency released in December 2013, is caught in an extended bearish momentum as it continues to struggle to trim its losses and regain its bullish run.<\/span><\/p>\n

The meme crypto is in danger of hitting prices as low as $0.0140<\/span><\/li>\n<\/ul>\n

The meme crypto that rose to popularity – thanks to the billionaire and self-proclaimed \u201cDogefather\u201d Elon Musk’s promotion – attained its all-time high on May 8, 2021 when it peaked at $0.73.<\/span><\/p>\n

But DOGE has now lost 91.8% of that value. At press time, according to tracking from <\/span>Coingecko<\/span><\/a>, the altcoin is trading at $0.060.<\/span><\/p>\n

The nightmare started for the Shiba Inu-inspired token in December last year when it plummeted below the crucial $0.173 marker.<\/span><\/p>\n

Since then, the digital asset has been struggling, recording new lows to date and matching its yearly lows during the month of June and September.<\/span><\/p>\n

Analyzing DOGE Price Movement<\/b><\/h2>\n
The recent and ongoing bear market put dogecoin below is 20 and 50 Exponential Moving Average (EMA) which is a metric used to measure trend direction over a period of time.<\/span><\/p>\n
Related Reading: Chiliz Social Mentions Hit Highest Level In Last 90 Days \u2013 Can CHZ Price Be As Hot?<\/a><\/div>\n
$\"\"$ Source: TradingView<\/span><\/pre>\n
DOGE bulls are being kept under control by Dogecoin\u2019s trendline reversal and have failed to sustain the $0.0607 high liquidity zone over the last days.<\/span><\/p>\n
If this results in a pull below the $0.057 marker, the altcoin will be in an extended bullish movement highlighted by the testing of $0.048-$0.052 range in preparation for a mini-bull run.<\/span><\/p>\n
In reverse, if Dogecoin sustains price above the $0.057 marker, it can test the $0.062 resistance zone. That simplifies the thesis for the meme crypto\u2019s price trend.<\/span><\/p>\n
Dogecoin can regain its losses if DOGE can extricate itself and move above the $0.057 marker.<\/span><\/p>\n
A Word Of Caution Before Accumulating Dogecoin<\/strong><\/h2>\n
The current price of Dogecoin is very appealing to investors who are looking to shore up their holdings of the crypto.<\/span><\/p>\n
But caution should be exercised in considering accumulating large volume of DOGE as a breakdown of the $0.0471 support is likely to result in steep fall that will act as continuance of the current bear movement.<\/span><\/p>\n
If such a scenario happens, Dogecoin could be looking at a 42% decline, plummeting all the way to a trading price of $0.0267.<\/span><\/p>\n
Trouble doesn\u2019t stop there for the altcoin, as it could still go lower, losing 69$ of its value to change hands at $0.0140.<\/span><\/p>\n
Investors are then advised to pay close attention to the movement of the digital asset\u2019s price and to keep a vigilant eye on the crucial support levels for the crypto.<\/span><\/p>\n
Related Reading: Cardano Drops To Lowest Level In Last 7 Days \u2013 ADA Bracing For Further Decline?<\/a><\/div>\n
DOGE market cap at $7.9 billion on the daily chart | Featured image from Adventure, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Dogecoin, a dog-themed cryptocurrency released in December 2013, is caught in an extended bearish momentum as it continues to struggle to trim its losses and regain its bullish run. Dogecoin has already lost 91.8% of its $0.73 ATH The $0.057 marker is crucial for DOGE to regain its losses The meme crypto is in danger of hitting prices as low as $0.0140 The meme crypto that rose to popularity – thanks to the billionaire and self-proclaimed \u201cDogefather\u201d Elon Musk’s promotion – attained its all-time high on May 8, 2021 when it peaked at $0.73. But DOGE has now lost 91.8% of that value. At press time, according to tracking from Coingecko, the altcoin is trading at $0.060. The nightmare started for the Shiba Inu-inspired token in December last year when it plummeted below the crucial $0.173 marker. Since then, the digital asset has been struggling, recording new lows to date and matching its yearly lows during the month of June and September. Analyzing DOGE Price Movement The recent and ongoing bear market put dogecoin below is 20 and 50 Exponential Moving Average (EMA) which is a metric used to measure trend direction over a period of time. Related Reading: Chiliz Social Mentions Hit Highest Level In Last 90 Days \u2013 Can CHZ Price Be As Hot? Source: TradingView DOGE bulls are being kept under control by Dogecoin\u2019s trendline reversal and have failed to sustain the $0.0607 high liquidity zone over the last days. If this results in a pull below the $0.057 marker, the altcoin will be in an extended bullish movement highlighted by the testing of $0.048-$0.052 range in preparation for a mini-bull run. In reverse, if Dogecoin sustains price above the $0.057 marker, it can test the $0.062 resistance zone. That simplifies the thesis for the meme crypto\u2019s price trend. Dogecoin can regain its losses if DOGE can extricate itself and move above the $0.057 marker. A Word Of Caution Before Accumulating Dogecoin The current price of Dogecoin is very appealing to investors who are looking to shore up their holdings of the crypto. But caution should be exercised in considering accumulating large volume of DOGE as a breakdown of the $0.0471 support is likely to result in steep fall that will act as continuance of the current bear movement. If such a scenario happens, Dogecoin could be looking at a 42% decline, plummeting all the way to a trading price of $0.0267. Trouble doesn\u2019t stop there for the altcoin, as it could still go lower, losing 69$ of its value to change hands at $0.0140. Investors are then advised to pay close attention to the movement of the digital asset\u2019s price and to keep a vigilant eye on the crucial support levels for the crypto. Related Reading: Cardano Drops To Lowest Level In Last 7 Days \u2013 ADA Bracing For Further Decline? DOGE market cap at $7.9 billion on the daily chart | Featured image from Adventure, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":506262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,1785,7,8323,1946,8686,87193],"class_list":["post-506260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-doge","tag-dogecoin","tag-eth","tag-ethereum","tag-ethusd","tag-meme-crypto"],"acf":[],"yoast_head":"\nDogecoin Can Recover If DOGE Extricates Itself From This Level<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is caught in an extended bearish momentum as coin continues to struggle to trim its losses and regain its bullish energy.\" \/>\n<meta name=\"robots\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level","url":"http:\/\/wncen.com\/news\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Dogecon.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Dogecon.png?fit=601%2C340"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","doge","dogecoin","eth","ethereum","ethusd","meme crypto"],"dateCreated":"2022-10-14T09:10:35Z","datePublished":"2022-10-14T09:10:35Z","dateModified":"2022-10-14T09:10:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Can Regain Losses If DOGE Extricates Itself From This Level\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-can-regain-losses-if-doge-extricates-itself-from-this-level\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Dogecon.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Dogecon.png?fit=601%2C340\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"doge\",\"dogecoin\",\"eth\",\"ethereum\",\"ethusd\",\"meme crypto\"],\"dateCreated\":\"2022-10-14T09:10:35Z\",\"datePublished\":\"2022-10-14T09:10:35Z\",\"dateModified\":\"2022-10-14T09:10:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Dogecon.png?fit=601%2C340","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/506260"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=506260"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/506260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/506262"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=506260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=506260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=506260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}