DOGE: Does it have the staying power to survive beyond its speculative nature? Now is the time to finally discuss it.
that have stayed in the green over the past thirty days are few. With double-digit losses, both dog and cat coins have slipped well below their psychological targets. Even the largest memecoin,
Momentum is building. Still, DOGE has a long road ahead to recover its losses and push stakeholders into the green.A glance at the daily chart reveals clear signs of profit-taking, with DOGE nearing $0.50—a level it hasn’t touched in three years. For cautious investors, cashing out at the peak was a straightforward decision.
However, history advises caution. While DOGE’s RSI dropping below 40 has occasionally sparked minor bullish moves, its notorious volatility keeps traders on edge.So, can Bitcoin lead Dogecoin out of its two-week-long consolidation? After weeks of long red candlesticks weighing down DOGE’s daily chart, we’re finally seeing some relief with a solid double-digit jump.
However, with memecoins like DOGE, it’s rarely that simple. While the low price tag can be tempting, retail buyers are showing signs of fatigue. The speculative nature of these coins is starting to take its toll—a trend that warrants deeper exploration.Since mid-November, retail buying and selling of DOGE has come to a standstill, as large HODLers tighten their grip on the market, as evidenced by the chart below.is fading, bringing the focus back to DOGE’s weak fundamentals.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republicans In ‘DOGE’ Caucus Not Too Familiar With Original Doge MemeArthur Delaney started working for HuffPost in 2009. He covers politics and the economy. Previously he wrote for the Washington City Paper, The Hill newspaper, Slate Magazine, and ABCNews.com. His email is arthurhuffpost.com.
Read more »
Dogecoin’s bullish setup: Top reasons why a DOGE rally could be in the worksDOGE is making headlines as it forms a compelling double bottom chart pattern, often a precursor to bullish momentum.
Read more »
The fall of memecoins like DOGE: Top 3 reasons why they’re losing their edgeMemecoins are stuck in a volatile cycle, manipulated by whales and failing to evolve, casting doubt on their future rise.
Read more »
Manulife CEO Roy Gori retires with more people asking why than ‘why not’Mr. Gori surprised the industry this week by announcing that he is retiring on May 8
Read more »
Why won't Ontario track the reasons why criminal charges are dropped or stayed?The Ontario Courthouse at 361 University Avenue in Toronto is photographed on Monday, May 2, 2022.
Read more »
Kimmel Mocks Musk and Ramaswamy's DOGE 'Brainstorming' Session with LawmakersJimmy Kimmel mocked Elon Musk and Ajit Jain's DOGE group, calling their meeting with House lawmakers a 'brainstorming session' that resulted in no real power or influence. Kimmel quipped about the absurdity of a foreign-born billionaire deciding which officials get 'Christmas presents'.
Read more »