{"id":662059,"date":"2024-12-13T13:30:49","date_gmt":"2024-12-13T13:30:49","guid":{"rendered":"https:\/\/wncen.com\/?p=662059"},"modified":"2024-12-13T09:23:46","modified_gmt":"2024-12-13T09:23:46","slug":"dogecoin-price-slump-looms-only-one-lifeline","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","title":{"rendered":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline"},"content":{"rendered":"

Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795. As the original meme cryptocurrency struggles to reclaim key technical levels, the consensus among some analysts is that DOGE\u2019s ability to stabilize or recover may hinge almost entirely on an external factor: Bitcoin\u2019s trajectory.<\/p>\n

Dogecoin Price At Risk Of Another Slump<\/h2>\n

Technical analysis suggests that the previously well-respected uptrend line, established in mid-November, has now turned into a formidable barrier. After breaching this support line earlier in the week, Dogecoin bulls attempted several times to push the price back above it. Yet none of these efforts have succeeded.<\/p>\n

Crypto analyst Kevin (@Kev_Capital_TA<\/a>), who has been closely tracking the DOGE\/USD 1-day chart, notes that DOGE is \u201cgetting rejected from the re test of this trend line that we were holding for almost a month on top of that it sits right in the macro .786 Fib.\u201d\u2014a technical zone often associated with significant turning points and potential reversals.<\/p>\n

\"Dogecoin
Dogecoin price analysis, 1-day chart | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

Beyond the trend line, internal momentum indicators paint a challenging picture. Kevin emphasizes that the daily MACD for DOGE is showing \u201cstrong momentum to the downside,\u201d a technical signal suggesting the market\u2019s short- to mid-term bias may lean lower unless the broader crypto environment shifts.<\/p>\n

Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction \u2013 Bullish Signal?<\/a><\/div>\n

In his view, \u201cIt\u2019s safe to say without a BTC move higher the more probable move for DOGE in the short to mid term is lower<\/a>. A BTC move higher could save us though.\u201d He identifies $0.32\u2014the origin of the prior uptrend line\u2014as a primary downside target. Should DOGE fail to hold above that level, traders may look toward the $0.29 to $0.26 range as potential next stops.<\/p>\n

In another post on X, Kevin emphasized that Dogecoin price pinned between two critical long-term Fibonacci levels. He describes DOGE as currently \u201ctrading between the macro golden pocket,\u201d roughly at $0.47, and the macro 0.5 Fib level near $0.39. According to him, a firm break above or below these pivotal levels could trigger what he calls a \u201ccascading\u201d effect of \u201caggressive movement.\u201d<\/p>\n

\"Dogecoin
Dogecoin technical analysis, 1-day chart | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

He adds: \u201cMy position is that DOGE is not in control of itself and it’s fate lies purely in BTC’s hands at the moment so overly focusing on the asset is sort of a waste of time. I see nothing telling me the cycle is over therefore this should head higher soon enough regardless of short term noise. Nothing else to do but sit back and wait if you’re a long term holder who got in early like myself.\u201d<\/p>\n

However, there is at least one silver lining worth noting. Kevin mentions he is \u201ctracking [a] potential hidden bullish<\/a> divergence\u201d on the DOGE daily chart. Hidden bullish divergences occur when price action continues to trend higher over a longer timeframe, while momentum indicators\u2014like the Relative Strength Index (RSI)\u2014trend lower.<\/p>\n

Related Reading: Dogecoin, XRP Flashing \u2018Overlooked\u2019 Bullish Signal, Santiment Reveals<\/a><\/div>\n

This pattern can sometimes signal that a market\u2019s underlying strength is greater than it appears. It is, as the analyst puts it, \u201cpretty textbook\u201d at the moment, though it still needs the all-important help from Bitcoin. \u201cStill need BTC to cooperate so nothing guaranteed,\u201d Kevin remarks.<\/p>\n

What About Bitcoin?<\/h2>\n

Kevin points out that Bitcoin is currently \u201csqueezing\u201d between an upward trend line of support and a macro golden pocket\u2014levels derived from the previous bull market high to bear market low. This tightening price action<\/a> suggests an imminent resolution: BTC is unlikely to remain compressed in this zone much longer. A decisive breakout, in either direction, seems imminent and could have far-reaching consequences. \u201cThis upwards consolidation cannot last much longer. We will get a bust in either direction very soon,\u201d Kevin predicts.<\/p>\n

\"Bitcoin
Bitcoin price analysis | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

On the liquidity front, Kevin sees significant upside liquidity blocks for BTC, noting that \u201cbuilt up liquidity\u201d over the last 48 hours aligns with the macro 1.703 Fibonacci level. He also mentions observing data that shows whales purchasing large options calls for MicroStrategy (MSTR) stock. Such purchases may reflect anticipation of a BTC move higher, given MicroStrategy\u2019s well-known Bitcoin treasury holdings. If these whales and liquidity indicators are correct, and BTC does indeed push upward, DOGE might find the \u201cone lifeline\u201d it needs to stabilize and reverse its current downtrend.<\/p>\n

\"Bitcoin
Bitcoin liquidation heatmap (Binance) | Source: X @Kev_Capital_TA<\/figcaption><\/figure>\n

At press time, DOGE traded at $0.405.<\/p>\n

\"Dogecoin
DOGE price, 4-hour chart | Source: DOGEUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795. As the original meme cryptocurrency struggles to reclaim key technical levels, the consensus among some analysts is that DOGE\u2019s ability to stabilize or recover may hinge almost entirely on an external factor: Bitcoin\u2019s trajectory. Dogecoin Price At Risk Of Another Slump Technical analysis suggests that the previously well-respected uptrend line, established in mid-November, has now turned into a formidable barrier. After breaching this support line earlier in the week, Dogecoin bulls attempted several times to push the price back above it. Yet none of these efforts have succeeded. Crypto analyst Kevin (@Kev_Capital_TA), who has been closely tracking the DOGE\/USD 1-day chart, notes that DOGE is \u201cgetting rejected from the re test of this trend line that we were holding for almost a month on top of that it sits right in the macro .786 Fib.\u201d\u2014a technical zone often associated with significant turning points and potential reversals. Beyond the trend line, internal momentum indicators paint a challenging picture. Kevin emphasizes that the daily MACD for DOGE is showing \u201cstrong momentum to the downside,\u201d a technical signal suggesting the market\u2019s short- to mid-term bias may lean lower unless the broader crypto environment shifts. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction \u2013 Bullish Signal? In his view, \u201cIt\u2019s safe to say without a BTC move higher the more probable move for DOGE in the short to mid term is lower. A BTC move higher could save us though.\u201d He identifies $0.32\u2014the origin of the prior uptrend line\u2014as a primary downside target. Should DOGE fail to hold above that level, traders may look toward the $0.29 to $0.26 range as potential next stops. In another post on X, Kevin emphasized that Dogecoin price pinned between two critical long-term Fibonacci levels. He describes DOGE as currently \u201ctrading between the macro golden pocket,\u201d roughly at $0.47, and the macro 0.5 Fib level near $0.39. According to him, a firm break above or below these pivotal levels could trigger what he calls a \u201ccascading\u201d effect of \u201caggressive movement.\u201d He adds: \u201cMy position is that DOGE is not in control of itself and it’s fate lies purely in BTC’s hands at the moment so overly focusing on the asset is sort of a waste of time. I see nothing telling me the cycle is over therefore this should head higher soon enough regardless of short term noise. Nothing else to do but sit back and wait if you’re a long term holder who got in early like myself.\u201d However, there is at least one silver lining worth noting. Kevin mentions he is \u201ctracking [a] potential hidden bullish divergence\u201d on the DOGE daily chart. Hidden bullish divergences occur when price action continues to trend higher over a longer timeframe, while momentum indicators\u2014like the Relative Strength Index (RSI)\u2014trend lower. Related Reading: Dogecoin, XRP Flashing \u2018Overlooked\u2019 Bullish Signal, Santiment Reveals This pattern can sometimes signal that a market\u2019s underlying strength is greater than it appears. It is, as the analyst puts it, \u201cpretty textbook\u201d at the moment, though it still needs the all-important help from Bitcoin. \u201cStill need BTC to cooperate so nothing guaranteed,\u201d Kevin remarks. What About Bitcoin? Kevin points out that Bitcoin is currently \u201csqueezing\u201d between an upward trend line of support and a macro golden pocket\u2014levels derived from the previous bull market high to bear market low. This tightening price action suggests an imminent resolution: BTC is unlikely to remain compressed in this zone much longer. A decisive breakout, in either direction, seems imminent and could have far-reaching consequences. \u201cThis upwards consolidation cannot last much longer. We will get a bust in either direction very soon,\u201d Kevin predicts. On the liquidity front, Kevin sees significant upside liquidity blocks for BTC, noting that \u201cbuilt up liquidity\u201d over the last 48 hours aligns with the macro 1.703 Fibonacci level. He also mentions observing data that shows whales purchasing large options calls for MicroStrategy (MSTR) stock. Such purchases may reflect anticipation of a BTC move higher, given MicroStrategy\u2019s well-known Bitcoin treasury holdings. If these whales and liquidity indicators are correct, and BTC does indeed push upward, DOGE might find the \u201cone lifeline\u201d it needs to stabilize and reverse its current downtrend. At press time, DOGE traded at $0.405. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":662063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,89174,85675,7,1803,1804,1805,1809],"class_list":["post-662059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis","tag-dogecoin-technical-analysis"],"acf":[],"yoast_head":"\nDogecoin Price Slump Looms, Analyst Points To Only One Lifeline<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.\" \/>\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\/dogecoin-price-slump-looms-only-one-lifeline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline\" \/>\n<meta property=\"og:description\" content=\"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-13T13:30:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-13T09:23:46+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline\",\"datePublished\":\"2024-12-13T13:30:49+00:00\",\"dateModified\":\"2024-12-13T09:23:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\"},\"wordCount\":824,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\",\"keywords\":[\"doge\",\"DOGE news\",\"Doge price\",\"Dogecoin\",\"Dogecoin news\",\"dogecoin price\",\"Dogecoin price analysis\",\"dogecoin technical analysis\"],\"articleSection\":[\"Dogecoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\",\"url\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\",\"name\":\"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\",\"datePublished\":\"2024-12-13T13:30:49+00:00\",\"dateModified\":\"2024-12-13T09:23:46+00:00\",\"description\":\"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Dogecoin price news\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline","description":"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","og_locale":"en_US","og_type":"article","og_title":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline","og_description":"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.","og_url":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-12-13T13:30:49+00:00","article_modified_time":"2024-12-13T09:23:46+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline","datePublished":"2024-12-13T13:30:49+00:00","dateModified":"2024-12-13T09:23:46+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/"},"wordCount":824,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","keywords":["doge","DOGE news","Doge price","Dogecoin","Dogecoin news","dogecoin price","Dogecoin price analysis","dogecoin technical analysis"],"articleSection":["Dogecoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","url":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","name":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","datePublished":"2024-12-13T13:30:49+00:00","dateModified":"2024-12-13T09:23:46+00:00","description":"Dogecoin (DOGE) has entered a period of weakness, slipping roughly 16% from its November 23 local high of $0.4795.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"Dogecoin price news"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-price-slump-looms-only-one-lifeline\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogecoin price analysis","dogecoin technical analysis"],"dateCreated":"2024-12-13T13:30:49Z","datePublished":"2024-12-13T13:30:49Z","dateModified":"2024-12-13T13:30:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Slump Looms, Analyst Points To Only One Lifeline\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-price-slump-looms-only-one-lifeline\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-price-slump-looms-only-one-lifeline\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogecoin price analysis\",\"dogecoin technical analysis\"],\"dateCreated\":\"2024-12-13T13:30:49Z\",\"datePublished\":\"2024-12-13T13:30:49Z\",\"dateModified\":\"2024-12-13T13:30:49Z\"}<\/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\/2024\/12\/DALL\u00b7E-2024-12-13-09.04.47-Create-an-image-depicting-a-Shiba-Inu-dog-representing-the-official-Dogecoin-logo-hanging-onto-a-lifeline-above-clear-blue-water.-The-image-should-f.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662059","targetHints":{"allow":["GET"]}}],"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\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=662059"}],"version-history":[{"count":4,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662059\/revisions"}],"predecessor-version":[{"id":662098,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/662059\/revisions\/662098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/662063"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=662059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=662059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=662059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}