Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Why Bitcoin will not soon fall under $ 100k, despite the dumping of whales

2025-05-16

Tether announces QVAC, the upcoming development platform for infinite and omnipresent intelligence – AI agents bet and evolve on user devices, not Big Tech Datacenters

2025-05-16

Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

2025-05-16
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tether announces QVAC, the upcoming development platform for infinite and omnipresent intelligence – AI agents bet and evolve on user devices, not Big Tech Datacenters

    2025-05-16

    Aurora Labs launches an incubator program for EVM developers on almost protocol

    2025-05-16

    Multisynq Taper Chainlink-Build to promote real-time application layer

    2025-05-16

    Lyft taps Solana’s bee cards for real -time, crowdsourced mapping upgrade

    2025-05-16

    WalletConnect Betting large on AI and mobile acceptance to the next phase of the Growt Protocol.

    2025-05-15
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15

    UK HMRC Mandates Crypto -Beursen must share user data from 2026

    2025-05-15

    CBOE requests to state the first American spot tron ​​ETF that offer racks rewards

    2025-05-15

    SEC chairman Paul Atkins says that a rational regulatory framework that needs us to become ‘crypto capital of the planet’.

    2025-05-15
  • Analysis

    The most important global strategist of JPMorgan warns assistance on shares is exaggerated, says that huge premium in shares is probably not justified ‘

    2025-05-16

    BNB Price finds his foot – can bulls pop up the next leg?

    2025-05-16

    Bitcoin collapsed to start $ 120,000, according to Crypto Analyst – but there is a catch

    2025-05-16

    Ethereum Price Het Strong – Signs point to a new upward outbreak

    2025-05-16

    New decentralized gaming -token skyrockets after binance list

    2025-05-15
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Dogecoin drops 11% this week: can DOGE return to $0.127 or higher?
Altcoins

Dogecoin drops 11% this week: can DOGE return to $0.127 or higher?

2024-06-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Dogecoin fell below a crucial support level.
  • Market sentiment surrounding the memecoin remains bearish.

Dogecoin [DOGE] Investors have been struggling for several days as the weekly chart and daily chart remained red. Things could get even worse if the memecoin falls below a critical support level.

Does this indicate a further price drop in the coming days?

Dogecoin’s latest problem

CoinMarketCaps facts revealed that the price of the world’s largest memecoin has fallen by more than 11% in the past seven days. In the last 24 hours alone, the value of the coin has fallen by more than 4%.

At the time of writing, DOGE was trading at $0.119 with a market cap of over $17.2 billion. The memecoin was testing crucial support at the time of writing.

DOGE fell below a support level DOGE fell below a support level

Source: TradingView

AMBCrypto planned to look at DOGE’s statistics to see if the memecoin can test its support. Our analysis of IntoTheBlock data found that 72% of DOGE investors made a profit.

However, interstors’ confidence in the currency decreased.

According to our analysis, the average balance of DOGE investors fell to $2.6k in recent days, indicating that investors expected the memecoin’s price to fall further.

Source: IntoTheBlock

What you can expect from DOGE

AMBCrypto then checked the memecoin’s on-chain data to better understand what to expect from them.

According to our analysis of Santiment’s data, Dogecoin’s MVRV ratio has fallen sharply over the past week, which can be inferred as a bearish signal.

Additionally, the Daily Active Address declined after peaking on June 20, reflecting a decline in memecoin usage.

See also  BitMEX Founder Arthur Hayes Reveals Huge Price Targets for Bitcoin (BTC) and Dogecoin (DOGE)

The memecoin’s weighted sentiment also remained in the negative zone, indicating that bearish sentiment surrounding the coin was dominant in the market.

Source: Santiment

AMBCrypto then planned to look at DOGE’s daily chart to see what indicators suggested about the memecoin’s coming days.

According to our analysis, the Chaikin Money Flow (CMF) registered a downward trend, indicating a further decline in prices.

However, the Relative Strength Index (RSI) was about to enter the oversold zone, which could increase buying pressure and boost the memecoin’s price. The MACD also showed the possibility of a bullish crossover.


Is your portfolio green? Check the Dogecoin profit calculator


This meant that there was a chance of a quick trend reversal.

If a trend reversal occurs, DOGE would first touch $0.127. A breakout above that level could see the price reach $0.148 in the coming weeks.

Source: TradingView

Previous: Bitcoin Miner Revenues Hit Hardest as THIS Worrying Sign Emerges

Next: CoinStats Shuts Down: Phishing Attack Hits 1,590 Wallets Worth $2 Million

Source link

DOGE Dogecoin Drops Higher Return week
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Virtually corrects 13%, but Bullish sentiment stays high – what is the next step?

2025-05-16

Analyst explains what it means

2025-05-16

ONDO: how $ 1 support will determine the next step

2025-05-16

How long does it take before XRP versus sec -case actually ends? Deaton breaks it down

2025-05-16
Add A Comment

Comments are closed.

Top Posts

NFT market rebounds with 22% volume increase in November despite slumping sales, data shows

2024-12-06

The Manifold x Andy Murray NFT series, according to Kevin (this was a big mistake)

2023-07-10

Trader Says Bitcoin Could Crash Nearly 20% If Major Support Level Fails, Updates Outlook for Ethereum and Aave

2024-08-17
Editors Picks

AI or bust? The crypto mining industry is looking for options as Bitcoin mining revenues decline

2024-09-06

Bitcoin ETFs Steal Gold’s Thunder: Analyst Explains Investors’ Shift

2024-10-22

Bitcoin Price Pauses in Consolidation: Seeking New Gains

2024-10-24

Controversial FTX co-founder Gary Wang is building a tool for US authorities to track illegal activity on crypto exchanges

2024-11-08

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Why Bitcoin will not soon fall under $ 100k, despite the dumping of whales

Tether announces QVAC, the upcoming development platform for infinite and omnipresent intelligence – AI agents bet and evolve on user devices, not Big Tech Datacenters

Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,144.361.86%
  • ethereumEthereum(ETH)$2,597.983.16%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.43-0.13%
  • binancecoinBNB(BNB)$652.380.58%
  • solanaSolana(SOL)$172.752.04%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2285884.14%
  • cardanoCardano(ADA)$0.782.91%
  • tronTRON(TRX)$0.2723450.10%
  • suiSui(SUI)$3.884.55%
  • chainlinkChainlink(LINK)$16.271.17%
  • avalanche-2Avalanche(AVAX)$23.791.99%
  • stellarStellar(XLM)$0.2998392.99%
  • hyperliquidHyperliquid(HYPE)$27.5611.30%
  • shiba-inuShiba Inu(SHIB)$0.0000152.90%
  • hedera-hashgraphHedera(HBAR)$0.2003782.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.85-2.04%
  • bitcoin-cashBitcoin Cash(BCH)$399.553.26%
  • the-open-networkToncoin(TON)$3.152.96%
  • polkadotPolkadot(DOT)$4.913.58%
  • litecoinLitecoin(LTC)$101.304.48%
  • piPi(PI)$0.912.60%
  • moneroMonero(XMR)$341.840.55%
  • bitget-tokenBitget Token(BGB)$5.013.49%
  • pepePepe(PEPE)$0.0000144.32%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.321.27%
  • bittensorBittensor(TAO)$443.143.09%
  • aaveAave(AAVE)$235.787.02%
  • nearNEAR Protocol(NEAR)$2.901.99%
  • aptosAptos(APT)$5.41-0.35%
  • okbOKB(OKB)$53.932.00%
  • kaspaKaspa(KAS)$0.1213254.22%
  • ondo-financeOndo(ONDO)$0.981.42%
  • ethereum-classicEthereum Classic(ETC)$19.062.09%
  • internet-computerInternet Computer(ICP)$5.410.67%
  • crypto-com-chainCronos(CRO)$0.1015910.61%
  • gatechain-tokenGateToken(GT)$21.871.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.42%
  • render-tokenRender(RENDER)$4.933.21%
  • vechainVeChain(VET)$0.0295284.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2430913.67%
  • mantleMantle(MNT)$0.750.32%
  • ethenaEthena(ENA)$0.3832233.64%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • arbitrumArbitrum(ARB)$0.4104962.68%
  • filecoinFilecoin(FIL)$2.992.47%
  • algorandAlgorand(ALGO)$0.2292103.46%
  • bitcoinBitcoin(BTC)$104,144.361.86%
  • ethereumEthereum(ETH)$2,597.983.16%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.43-0.13%
  • binancecoinBNB(BNB)$652.380.58%
  • solanaSolana(SOL)$172.752.04%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2285884.14%
  • cardanoCardano(ADA)$0.782.91%
  • tronTRON(TRX)$0.2723450.10%
  • suiSui(SUI)$3.884.55%
  • chainlinkChainlink(LINK)$16.271.17%
  • avalanche-2Avalanche(AVAX)$23.791.99%
  • stellarStellar(XLM)$0.2998392.99%
  • hyperliquidHyperliquid(HYPE)$27.5611.30%
  • shiba-inuShiba Inu(SHIB)$0.0000152.90%
  • hedera-hashgraphHedera(HBAR)$0.2003782.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.85-2.04%
  • bitcoin-cashBitcoin Cash(BCH)$399.553.26%
  • the-open-networkToncoin(TON)$3.152.96%
  • polkadotPolkadot(DOT)$4.913.58%
  • litecoinLitecoin(LTC)$101.304.48%
  • piPi(PI)$0.912.60%
  • moneroMonero(XMR)$341.840.55%
  • bitget-tokenBitget Token(BGB)$5.013.49%
  • pepePepe(PEPE)$0.0000144.32%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • uniswapUniswap(UNI)$6.321.27%
  • bittensorBittensor(TAO)$443.143.09%
  • aaveAave(AAVE)$235.787.02%
  • nearNEAR Protocol(NEAR)$2.901.99%
  • aptosAptos(APT)$5.41-0.35%
  • okbOKB(OKB)$53.932.00%
  • kaspaKaspa(KAS)$0.1213254.22%
  • ondo-financeOndo(ONDO)$0.981.42%
  • ethereum-classicEthereum Classic(ETC)$19.062.09%
  • internet-computerInternet Computer(ICP)$5.410.67%
  • crypto-com-chainCronos(CRO)$0.1015910.61%
  • gatechain-tokenGateToken(GT)$21.871.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.963.42%
  • render-tokenRender(RENDER)$4.933.21%
  • vechainVeChain(VET)$0.0295284.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2430913.67%
  • mantleMantle(MNT)$0.750.32%
  • ethenaEthena(ENA)$0.3832233.64%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • arbitrumArbitrum(ARB)$0.4104962.68%
  • filecoinFilecoin(FIL)$2.992.47%
  • algorandAlgorand(ALGO)$0.2292103.46%