Last week, Dogecoin went through another downturn after undergoing a three-week recovery. This led to a notable loss, and other major meme coins are now following suit with an average 10% loss in a week. Doge’s market structure is still considered bearish on the daily chart following a dramatic reduction in the past few months. In fact, things are beginning to look uglier again as it poises for another crash. This came after taking a short break in March, but later resumed bearish in the late month due to a rejection at $0.2. As we can see on the daily
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]]>Starting this week on a positive note, Doge gained traction today following a 7% gain in the past week. It currently signals a buy, but is not valid yet as its short-term bearish remains intact. Following a little climb back into the $0.17 range two weeks ago, Doge’s price got trapped as it struggled with volatility and stayed in a consolidation phase throughout last week. This week started positively well with a surge due to an increased volatility and the price slightly broke out of the consolidation phase. As we can see, the bulls are still finding a strong footing
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]]>In a noteworthy turn of events for the Dogecoin market, the biggest whales in the network have been making sizable moves that have pretty much turned this whole segment into a joke. Over the past 72 hours, these hodlers have accumulated about 1.7 billion DOGE. Whales Accumulating DOGE: A Bullish Signal? In the cryptocurrency world, the recent moves of the biggest Dogecoin whales are causing quite a stir. These massive DOGE holders, who can easily sway the market with their trades, have bought an eye-popping 1.7 billion DOGE in the last three days. That massive buy signal from some of
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]]>The cryptocurrency that started as a joke has surprised both enthusiasts and skeptics to become a leading force in the crypto sphere. 1. From being a meme coin based on the Shiba Inu dog, Dogecoin seems now to be catching the attention of traders and investors. 2. With signs reminiscent of its massive bull run back in 2017-2018, could we be on the brink of another surge, with more than a billion DOGE tokens traded in just 24 hours? Dogecoin’s Recent Activity and Its Significance In the last 24 hours, more than one billion Dogecoin tokens have changed hands across
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]]>In an exciting turn of events, the legendary Shiba Inu Kabosu, who became the face of the global Doge meme, has added a new member to her family. Kabosu introduced her followers to Cocoro, a 10-year-old rescue dog who now has a home in Japan with Kabosu and her human companions. From Doge to Cocoro: A New Chapter for Kabosu On March 8, Cocoro, Kabosu’s new pet, came to social media. Cocoro is a kitten, and with her and Kabosu’s dog, the two now inhabit a “feline-friendly dog home” in Tokyo. Cocoro is also a kind of “token” that Kabosu
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]]>Amid the latest clampdown, several meme coins are seriously in the red today with Dogecoin posting a major loss in the last 24 hours. It tested a key level today as the bears mount pressure but can it hold as support? The early month crash through the $0.3 support level confirmed Doge’s double-top pattern that started from the peak of $0.49 in December. However, the price recovered a week later but failed to retest the broken support as resistance following a rejection at $0.29. The rejection led to another drop and the meme coin posted losses throughout last week. The
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]]>On February 21, Elon Musk, in a bold move, updated his X account profile picture to an image of himself holding a “golden chainsaw”—a unique gift he received from Argentina’s President Javier Milei. The image update also prominently features the words “The Dogefather” in the background. Musk is often referred to as the “Dogefather” because of his association with Dogecoin (DOGE), the popular memecoin. Though he doesn’t have fast control over the crypto market, Musk’s social media presence is still a significant base of influence. He was last known for using X to assert how he’d been “on the moon”
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]]>The memecoin market, which was once booming, is now seeing a significant downturn, as it continues to have consecutive monthly declines. After a truly remarkable growth period during the winter memecoin season, the memecoin market cap is now coming close to November 2024 levels, effectively erasing all the gains made during those winter months. This recent drop has some investors quite worried, of course, who were hoping the memecoin sector would continue to do well. A Shrinking Market Currently, the total market capitalization of the whole cryptocurrency space is just around $3.09 trillion, with an ever-increasing number of assets and
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]]>The attention of the cryptocurrency community has been caught by HULEZHI, a developer from whom a fresh wave of HULEZHI-themed memecoins is now being issued on both the Ethereum and Solana blockchains. These tokens have been released in the aftermath of a dramatic “scorched earth” event that HULEZHI performed on February 17. On that day, the developer became newsworthy by incinerating large sums of Ethereum and serving up a message that has reverberated through both the cryptocurrency market and popular social media networks. HULEZHI’s highly debated deeds result in the appearance of new memecoins themed around the developer. These tokens—most
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]]>The cryptocurrency world has witnessed numerous tokens come and go, supported by various celebrities, but a specific token has been making some ripples in the water recently—$MELANIA, a token associated with Melania Trump. While the project garners more and more attention, investors excitedly await a major upcoming event—the first phase of unlocking the token, which will take place just a few short days from now, between February 19 and 20, 2025. At that time, a total of 3% of the $MELANIA tokens will be unlocked, amounting to a substantial $39 million at current market valuations. The starting unlock is just
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