Why The GBTC Discount Could Lead To A Bitcoin Sell-Off<\/a><\/div>\nDOGE\u2019s most recent recovery has also turned indicators toward buy, especially in the short term. This means there is now support for the cryptocurrency at 0.08, which is expected to hold through the end of the week. If it doesn\u2019t, then the next critical support lies at $0.075, a treacherous point for the digital asset given its previous performances.<\/p>\n
DOGE is trading at $0.089 at the time of this writing. Although it is in the green on the daily chart, the meme coin is still down more than 10% in the last seven days.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin (DOGE) has seen some positive movement in the last day despite the market onslaught. The meme coin was able to see more than 2.5% gains at a time when the majority of the crypto market was struggling price-wise. Currently, DOGE is still standing at a good short-term level but $0.1 remains the level to beat for the digital asset. Dogecoin Gains Momentum The last 24 hours have seen Dogecoin establish some much-needed momentum in the market. It saw an increase in its price in the early hours of Tuesday, which pushed the digital asset right above the $0.099 price level. DOGE has now continued to trend along this line for the better part of the morning, although the increased momentum shows that it may be able to maintain it for much longer. During this time, the trading volume of Dogecoin had also risen to a peak above $600 million for the 24-hour period. This showed where the uptick in price had been generated from as well. It represented a 48% increase in trading volume, which was largely driven by whale transactions. Related Reading: Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible? Accumulation has also been persistent for the digital asset as the market eagerly awaits more developments from Elon Musk\u2019s takeover of Twitter. Likewise, the market cap of the meme coin was pushed towards $12 billion, enabling it to hold on to its spot as the 8th largest cryptocurrency by market cap. DOGE price at $0.089 | Source: DOGEUSD on TradingView.com Can DOGE Claim $0.1? With the bear market, the price outlook for cryptocurrencies including Dogecoin has been adjusted. Instead, the level to beat for DOGE has now been moved to $0.1 where the bears continue to mount significant resistance. This makes DOGE\u2019s recovery above $0.09 all the more important since it puts it one step closer to testing this critical level. If DOGE were to successfully break above $0.1, it would put it comfortably above its 50-day moving average. Naturally, this would mark a bullish trend for the digital asset, even if just for the short term, and the next critical level would lie above $0.12. Related Reading: Why The GBTC Discount Could Lead To A Bitcoin Sell-Off DOGE\u2019s most recent recovery has also turned indicators toward buy, especially in the short term. This means there is now support for the cryptocurrency at 0.08, which is expected to hold through the end of the week. If it doesn\u2019t, then the next critical support lies at $0.075, a treacherous point for the digital asset given its previous performances. DOGE is trading at $0.089 at the time of this writing. Although it is in the green on the daily chart, the meme coin is still down more than 10% in the last seven days.<\/p>\n","protected":false},"author":541,"featured_media":512282,"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":[1785,87536,85675,7,79599,79600,84471],"class_list":["post-512259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-performance","tag-doge-price","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\n
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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out?","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-doge-climbs-2-58-in-24-hours-can-it-reach-0-1-before-the-week-runs-out\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-doge-climbs-2-58-in-24-hours-can-it-reach-0-1-before-the-week-runs-out\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Dogecoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Dogecoin.jpeg?fit=900%2C500"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge performance","doge price","dogecoin","dogeusd","dogeusdt","meme coin"],"dateCreated":"2022-12-13T19:30:07Z","datePublished":"2022-12-13T19:30:07Z","dateModified":"2024-06-11T14:31:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-doge-climbs-2-58-in-24-hours-can-it-reach-0-1-before-the-week-runs-out\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-doge-climbs-2-58-in-24-hours-can-it-reach-0-1-before-the-week-runs-out\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Dogecoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Dogecoin.jpeg?fit=900%2C500\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge performance\",\"doge price\",\"dogecoin\",\"dogeusd\",\"dogeusdt\",\"meme coin\"],\"dateCreated\":\"2022-12-13T19:30:07Z\",\"datePublished\":\"2022-12-13T19:30:07Z\",\"dateModified\":\"2024-06-11T14:31:55Z\"}<\/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\/12\/Dogecoin.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/512259"}],"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\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=512259"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/512259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/512282"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=512259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=512259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=512259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}