Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $29,314.00-2.52% 24H
    BITCOIN
    24H : -2.52%
    Volume : $26,750,192,701.00
    Marketcap : $559,200,971,168.00
  • ethereumEthereum(ETH)
    $1,971.06-1.53% 24H
    ETHEREUM
    24H : -1.53%
    Volume : $14,751,111,128.00
    Marketcap : $238,243,017,403.00
  • binancecoinBNB(BNB)
    $302.49-0.69% 24H
    BNB
    24H : -0.69%
    Volume : $1,393,161,194.00
    Marketcap : $50,891,698,581.00
  • rippleXRP(XRP)
    $0.412-1.62% 24H
    XRP
    24H : -1.62%
    Volume : $2,256,169,254.00
    Marketcap : $19,926,757,458.00
  • cardanoCardano(ADA)
    $0.515-2.49% 24H
    CARDANO
    24H : -2.49%
    Volume : $633,515,399.00
    Marketcap : $17,380,912,247.00
  • terra-lunaTerra(LUNA)
    $0.00013-4.86% 24H
    TERRA
    24H : -4.86%
    Volume : $205,786,966.00
    Marketcap : $859,303,488.00
Coinscreed
No Result
View All Result
homerun token
Home Altcoin News

Dogecoin tries to find stability amid market sell-off

LollyCrypt by LollyCrypt
11 months ago
in Altcoin News, News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
Dogecoin has fallen below its support at $0.28, if the resistance was broken, it will move towards the $0.30 resistance level and a bullish trend would not be far-fetched.
Dogecoin tries to find stability amid market  sell-off

As Bitcoin moved towards the support level of $32,000 and Dogecoin fell back, Dogecoin gained a strong downward momentum and tried to test the support level of $0.25, while other cryptocurrencies also found themselves under heavy pressure.

The fall of Bitcoin below the $35,000 support level and as it approached the next support level of $32,000.

SuggestedArticles

Terra Luna 2.0 Sets To Go Live Soon

Terra Luna 2.0 To Go Live Soon Following Hard Fork Vote

1 hour ago
Vitalik Says Ethereum (ETH) Merge May Happen In August

Vitalik Says Ethereum (ETH) Merge May Happen In August

2 hours ago

If Bitcoin succeeds in closing below $32,000, it will gain additional negative momentum and move towards the important psychological level of $30,000, which will be bearish for Dogecoin and other cryptocurrencies.

At the same time, Ethereum fell to the $2,000 level, while XRP tried to settle below the support at $0.70.

Although some analysts pointed out that China’s continued crackdown on miners was the reason for the clearing of the cryptocurrency market, and it seems that most of the global markets have turned to safety due to the sudden change of the Fed’s tone, which has become the main catalyst for the current weakness.

Dogecoin managed to break below the support level of $0.28 and tried to test the next support level of $0.25.

RSI is still in a moderate zone, and if there is an appropriate catalyst, there is still enough room to gain additional bearish momentum.

A break below the support level of $0.25 for Dogecoin , will cause it to move towards the next support level of $0.2250. A successful test of the support level of $0.2250 will push Dogecoin to the next support level of $0.2150.

On the bright side, the previous support level of $0.28 will become the first resistance level for Dogecoin. If Dogecoin breaks this level again, it will move towards the $0.30 resistance level.

Above this level will indicate that Dogecoin will try to return to a bullish pattern. On the whole, Dogecoin appears to be weak and requires a material bullish catalyst to rebound from current levels.

Tags: dogecoinmarket sell-offResistance

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.