Price Analysis
Bitcoin and several major altcoins have started a strong recovery, but the relief rally is expected to face significant headwinds near major overhead resistance levels.
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Cryptocurrency Dogecoin (DOGE) News
Dogecoin (DOGE) is a cryptocurrency built around the popular “doge” meme featuring a Shiba Inu. Founder Jackson Palmer announced the project on Twitter in November 2013 as a joke. When friends and industry peers encouraged him to pursue the project, Palmer purchased the domain dogecoin.com and began building. He was soon joined by Billy Markus.
The founders believed that Dogecoin could be a more lighthearted and accessible introduction to cryptocurrency, as Bitcoin (BTC) had started to become stigmatized following the Silk Road debacle and mining had become increasingly unfeasible with consumer laptops. Palmer left the project in June 2014.
Dogecoin is based on Luckycoin (LKY), which is itself a fork of Litecoin (LTC). It features an inflationary monetary policy with no cap. The block reward is set at 10,000 DOGE per block per minute.
- Price Analysis
Bitcoin bounced off the $107,000 support, but the recovery is expected to face significant resistance in the $112,000 to $116,000 zone. Do charts point to any altcoins taking the lead?
7335 - Altcoin Watch
Dogecoin must break above the $0.20 resistance level to signal a reduction in selling pressure, potentially sending the DOGE price beyond $0.25.
1416 - Price Analysis
Bitcoin is at a crucial juncture because a daily close below the $107,000 support clears the path for a drop to the psychological level of $100,000.
5666 - News
Dogecoin Foundation’s commercial arm has acquired a majority stake in US Triestina 1918 in a push for broader DOGE adoption, starting with sports.
4062 - Price Analysis
Bitcoin staged a rebound rally to $111,705 as the market recovered from the recent catastrophic sell-off, but data suggests sellers will continue to take profit at each breakout top.
5840 - Altcoin Watch
Musk’s tweets ignited DOGE’s meteoric 2021 rally, and with bullish signals returning, the memecoin might be gearing up again.
4420 - News
The Floki memecoin jumped almost 29% after Elon Musk posted a video of his Shiba Inu dog working as “CEO” of the social media platform X.
6151 - Price Analysis
Odds for the resumption of "Uptober" dwindle as Bitcoin, Ether and most altcoins continue toward new lows. Will next week’s US economic calendar events help restore the uptrend?
7430 - Price Analysis
Bitcoin and several altcoins are facing significant selling pressure on rallies, indicating that the bears are still trying to seize control of the market.
6461 - Altcoin Watch
DOGE holders are quietly accumulating after the recent 66% crash, with onchain data showing that historically accurate top signals have yet to trigger.
2115 - Price Analysis
Bitcoin and the major altcoins witnessed solid buying at lower levels, but a sustained relief rally is unlikely as the bears are expected to sell at higher levels.
7494 - Price Analysis
Bitcoin fell below $116,000, but some analysts remain unfazed as they anticipate solid buying to emerge at lower levels.
10823 - Explained
A breakdown of 21Shares’ TDOG Dogecoin ETF — how it works, how it differs from DOJE and what to know before it starts trading.
- Price Analysis
Bitcoin’s brief pullback from its all-time high has not altered the bullish longer-term view, but bulls will have to swiftly push the price above $126,200 to retain the advantage.
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