{"id":530436,"date":"2023-05-08T10:20:53","date_gmt":"2023-05-08T10:20:53","guid":{"rendered":"https:\/\/wncen.com\/?p=530436"},"modified":"2023-05-08T10:20:53","modified_gmt":"2023-05-08T10:20:53","slug":"how-long-will-dogecoin-remain-sideways","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/how-long-will-dogecoin-remain-sideways\/","title":{"rendered":"How Long Will Dogecoin Remain Sideways As Sellers Threaten Bearish Breakout?"},"content":{"rendered":"

The sideways structure of Dogecoin continues to hold steady, but the looming threat of a bearish breakout is causing concern for investors. As sellers maintain the upper hand, many are left wondering if the popular cryptocurrency will be able to weather this storm or if a sharp decline is on the horizon.<\/span><\/p>\n

Since late April, DOGE has been experiencing a period of price consolidation. Within this phase, its value has been fluctuating between $0.0763 and $0.0816, and it seems that this sideways pattern could continue if the current market conditions persist.<\/span><\/p>\n

Will sellers push forward and cause a drop in DOGE’s value, or will the buyers step in to turn the tables?\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu: Whales Accumulate Yet Price Drops \u2013 What\u2019s Going On?<\/a><\/div>\n

DOGE’s Price Trends Bearish, With Possible Further Declines<\/strong><\/h2>\n

Dogecoin’s price on <\/span>CoinGecko<\/span><\/a> currently stands at $0.07473, indicating a decline of 3.0% over the last 24 hours and a decrease of 6.5% over the past seven days. <\/span><\/p>\n

The dip in value may cause concern among investors, but it also presents an opportunity for those looking to buy low and potentially profit from any future price increases.<\/span><\/p>\n

Dogecoin’s <\/span>recent price action<\/span><\/a> has been indicating a bearish trend. It has remained below the moving averages, and has formed a bearish flag pattern, which emphasizes the sellers’ leverage in the market. <\/span><\/p>\n

This situation makes a bearish breakout highly possible, especially if Bitcoin falls below $28k, which could push DOGE towards the swing lows of $0.06250 that were last seen in March and January.<\/span><\/p>\n

Moreover, if DOGE drops beyond this support level in Q1 2023, it may reach the bearish target of $0.05828. These figures suggest that the trend is currently negative, and investors should take note of the potential risks associated with investing in DOGE.<\/span><\/p>\n

Outlook For Dogecoin In The Coming Weeks<\/strong><\/h2>\n

Recent price movements in Dogecoin are consistent with a bearish market phase with further price drops possible in the near future.<\/p>\n

However, it is essential to note that the cryptocurrency market is highly volatile, and any sudden positive or negative news could impact DOGE’s value significantly.<\/span><\/p>\n

<\/p>\n

DOGEUSD still on sluggish mode at 0.0747 on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again?<\/a><\/div>\n
Traders and investors should pay attention to critical support levels, such as the $0.06250 swing <\/span>lows seen in March and January<\/span><\/a>, as well as the bearish target of $0.05828 based on the flag pole height. If DOGE continues to trend downwards, it is possible that these levels could be tested.<\/span><\/p>\n
On the other hand, if DOGE’s price manages to break through the bearish flag pattern and rise above the moving averages, specifically the 50 EMA and 100 EMA, it could suggest a reversal of the current bearish trend. <\/span><\/p>\n
Traders and investors should keep a close eye on the RSI and OBV, as well as any significant market news that could impact DOGE’s price.<\/span><\/p>\n
-Featured image from SmartAsset.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The sideways structure of Dogecoin continues to hold steady, but the looming threat of a bearish breakout is causing concern for investors. As sellers maintain the upper hand, many are left wondering if the popular cryptocurrency will be able to weather this storm or if a sharp decline is on the horizon. Since late April, DOGE has been experiencing a period of price consolidation. Within this phase, its value has been fluctuating between $0.0763 and $0.0816, and it seems that this sideways pattern could continue if the current market conditions persist. Will sellers push forward and cause a drop in DOGE’s value, or will the buyers step in to turn the tables?\u00a0 Related Reading: Shiba Inu: Whales Accumulate Yet Price Drops \u2013 What\u2019s Going On? DOGE’s Price Trends Bearish, With Possible Further Declines Dogecoin’s price on CoinGecko currently stands at $0.07473, indicating a decline of 3.0% over the last 24 hours and a decrease of 6.5% over the past seven days. The dip in value may cause concern among investors, but it also presents an opportunity for those looking to buy low and potentially profit from any future price increases. Dogecoin’s recent price action has been indicating a bearish trend. It has remained below the moving averages, and has formed a bearish flag pattern, which emphasizes the sellers’ leverage in the market. This situation makes a bearish breakout highly possible, especially if Bitcoin falls below $28k, which could push DOGE towards the swing lows of $0.06250 that were last seen in March and January. Moreover, if DOGE drops beyond this support level in Q1 2023, it may reach the bearish target of $0.05828. These figures suggest that the trend is currently negative, and investors should take note of the potential risks associated with investing in DOGE. Outlook For Dogecoin In The Coming Weeks Recent price movements in Dogecoin are consistent with a bearish market phase with further price drops possible in the near future. However, it is essential to note that the cryptocurrency market is highly volatile, and any sudden positive or negative news could impact DOGE’s value significantly. DOGEUSD still on sluggish mode at 0.0747 on the daily chart at TradingView.com Related Reading: Cardano TVL Climbs By 10% In A Day \u2013 Is ADA Set To Soar Once Again? Traders and investors should pay attention to critical support levels, such as the $0.06250 swing lows seen in March and January, as well as the bearish target of $0.05828 based on the flag pole height. If DOGE continues to trend downwards, it is possible that these levels could be tested. On the other hand, if DOGE’s price manages to break through the bearish flag pattern and rise above the moving averages, specifically the 50 EMA and 100 EMA, it could suggest a reversal of the current bearish trend. Traders and investors should keep a close eye on the RSI and OBV, as well as any significant market news that could impact DOGE’s price. -Featured image from SmartAsset.com<\/p>\n","protected":false},"author":557,"featured_media":530453,"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":[85675,7,83767,4735],"class_list":["post-530436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge-price","tag-dogecoin","tag-meme-coins","tag-price-action"],"acf":[],"yoast_head":"\nDogecoin Remains Sideways, Sellers Threaten Bearish Breakout?<\/title>\n<meta name=\"description\" content=\"The sideways structure of Dogecoin continues to hold steady, but the looming threat of a bearish breakout is causing concern for investors. 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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":"How Long Will Dogecoin Remain Sideways As Sellers Threaten Bearish Breakout?","url":"http:\/\/wncen.com\/news\/how-long-will-dogecoin-remain-sideways\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/how-long-will-dogecoin-remain-sideways\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-21.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-21.png?fit=728%2C403"},"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":["doge price","dogecoin","meme coins","price action"],"dateCreated":"2023-05-08T10:20:53Z","datePublished":"2023-05-08T10:20:53Z","dateModified":"2023-05-08T10:20:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Long Will Dogecoin Remain Sideways As Sellers Threaten Bearish Breakout?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-long-will-dogecoin-remain-sideways\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/how-long-will-dogecoin-remain-sideways\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-21.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-21.png?fit=728%2C403\"},\"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\":[\"doge price\",\"dogecoin\",\"meme coins\",\"price action\"],\"dateCreated\":\"2023-05-08T10:20:53Z\",\"datePublished\":\"2023-05-08T10:20:53Z\",\"dateModified\":\"2023-05-08T10:20:53Z\"}<\/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\/2023\/05\/a-21.png?fit=728%2C403","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530436"}],"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=530436"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/530436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/530453"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=530436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=530436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=530436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}