{"id":633712,"date":"2024-08-07T23:00:21","date_gmt":"2024-08-07T23:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=633712"},"modified":"2024-08-07T13:12:31","modified_gmt":"2024-08-07T13:12:31","slug":"dogecoin-bounces-off-key-0-1","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-bounces-off-key-0-1\/","title":{"rendered":"Dogecoin Bounces Off Key Support Following Crash Below $0.1"},"content":{"rendered":"

Dogecoin (DOGE)<\/span><\/a> was one of the tokens significantly affected by the recent crypto market crash. With the <\/span>crypto market recovering<\/span><\/a>, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support.\u00a0<\/span><\/p>\n

Dogecoin Bounces Off Key Support With $0.1 In Sight<\/h2>\n

Crypto analyst World of Charts<\/span><\/a> mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give \u201cmassive returns\u201d in the coming months.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Crypto Kaleo<\/span><\/a> highlighted<\/span><\/a> Dogecoin\u2019s impressive bounce above $0.09, with the critical support level of $0.1 currently in sight for the foremost meme coin. Like World of Charts, Crypto Kaleo also suggested that the recent price crash for DOGE was a massive investment opportunity considering the heights the meme coin could still reach in <\/span>this bull run.<\/span><\/a>\u00a0<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

The analyst labelled the drop below $0.1 as a \u201cgift\u201d while predicting that Dogecoin will still <\/span>rise to $1<\/span><\/a> in the next few months. In a more recent analysis, Crypto Kaleo opined that the worst is over for Dogecoin and that DOGE\u2019s drop to around $0.08 <\/span>was likely the bottom<\/span><\/a>.\u00a0<\/span><\/p>\n

He explained that he feels good about where major cap tokens have currently dipped to and doesn\u2019t see them going much lower. As such, Dogecoin is unlikely to dip to between $0.06 and $0.07, which he had expected earlier. As to what is next for Dogecoin, Crypto Kaleo mentioned that the meme coin will experience \u201cseveral months of chop\u201d in the $0.08 to $0.13 range before it enjoys that parabolic rally to $1 in early 2025.\u00a0<\/span><\/p>\n

DOGE Not Yet Out Of The Woods<\/h2>\n

Crypto analyst Kevin Capital<\/span><\/a> (formerly OG Yomi) recently offered a different view and <\/span>suggested<\/span><\/a> that DOGE could still experience a significant price drop before reclaiming the $0.1 support zone. The analyst claimed that Dogecoin is \u201cdefinitely\u201d still in a downtrend and \u201chas a lot of work to do\u201d before it can flip bullish on its current price structure.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n
Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High<\/a><\/div>\n

However, he noted that the foremost meme coin showed a lot of \u201cresilience\u201d to close the three-day candle above the three-day 200 <\/span>simple moving average (SMA)<\/span><\/a>. He further remarked that <\/span>Dogecoin’s<\/span><\/a> successful break out above $0.143 would be key to creating a new bullish structure. Kevin is one of the crypto analysts who is most bullish on Dogecoin, as he once <\/span>predicted<\/span><\/a> that the meme coin could rise to as high as $3 in this market cycle.<\/span><\/p>\n

At the time of writing, Dogecoin is trading around $0.098, down almost in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Dogecoin
DOGE price reclaims $0.1 | 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) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support.\u00a0 Dogecoin Bounces Off Key Support With $0.1 In Sight Crypto analyst World of Charts mentioned in an X (formerly Twitter) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give \u201cmassive returns\u201d in the coming months.\u00a0 Related Reading: Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000 Crypto analyst Crypto Kaleo highlighted Dogecoin\u2019s impressive bounce above $0.09, with the critical support level of $0.1 currently in sight for the foremost meme coin. Like World of Charts, Crypto Kaleo also suggested that the recent price crash for DOGE was a massive investment opportunity considering the heights the meme coin could still reach in this bull run.\u00a0 The analyst labelled the drop below $0.1 as a \u201cgift\u201d while predicting that Dogecoin will still rise to $1 in the next few months. In a more recent analysis, Crypto Kaleo opined that the worst is over for Dogecoin and that DOGE\u2019s drop to around $0.08 was likely the bottom.\u00a0 He explained that he feels good about where major cap tokens have currently dipped to and doesn\u2019t see them going much lower. As such, Dogecoin is unlikely to dip to between $0.06 and $0.07, which he had expected earlier. As to what is next for Dogecoin, Crypto Kaleo mentioned that the meme coin will experience \u201cseveral months of chop\u201d in the $0.08 to $0.13 range before it enjoys that parabolic rally to $1 in early 2025.\u00a0 DOGE Not Yet Out Of The Woods Crypto analyst Kevin Capital (formerly OG Yomi) recently offered a different view and suggested that DOGE could still experience a significant price drop before reclaiming the $0.1 support zone. The analyst claimed that Dogecoin is \u201cdefinitely\u201d still in a downtrend and \u201chas a lot of work to do\u201d before it can flip bullish on its current price structure.\u00a0 Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High However, he noted that the foremost meme coin showed a lot of \u201cresilience\u201d to close the three-day candle above the three-day 200 simple moving average (SMA). He further remarked that Dogecoin’s successful break out above $0.143 would be key to creating a new bullish structure. Kevin is one of the crypto analysts who is most bullish on Dogecoin, as he once predicted that the meme coin could rise to as high as $3 in this market cycle. At the time of writing, Dogecoin is trading around $0.098, down almost in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":633723,"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":[1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-633712","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-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Bounces Off Key Support Following Crash Below $0.1<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) was one of the tokens significantly affected by the recent 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Bounces Off Key Support Following Crash Below $0.1","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-bounces-off-key-0-1\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-bounces-off-key-0-1\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Dogecoin-price.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"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","dogeusd","dogeusdt"],"dateCreated":"2024-08-07T23:00:21Z","datePublished":"2024-08-07T23:00:21Z","dateModified":"2024-08-07T23:00:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Bounces Off Key Support Following Crash Below $0.1\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-bounces-off-key-0-1\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-bounces-off-key-0-1\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Dogecoin-price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"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\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-08-07T23:00:21Z\",\"datePublished\":\"2024-08-07T23:00:21Z\",\"dateModified\":\"2024-08-07T23:00:21Z\"}<\/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\/08\/Dogecoin-price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633712"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=633712"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/633723"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=633712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=633712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=633712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}