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

The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

2025-05-14

Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

2025-05-14

Will Ethena [ENA] Break the $ 0.60 ceiling afterwards? 3 signs say yes

2025-05-14
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

    Co-founder of Solana Anatoly proposes a Metablokchain concept

    2025-05-14

    Layer-2 Blockchain explosion ends safe integration on the risks of third parties risks

    2025-05-14

    Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

    2025-05-14

    SFT protocol joins Glacier Labs to bridge physical and data infrastructure

    2025-05-14

    Dantewada secures more than 700,000 land records on avalanche blockchain

    2025-05-14
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

    2025-05-14

    Former leader for CFTC chair role resigns to Leiden Blockchain Association

    2025-05-14

    Dubai Government announces a partnership with Crypto.com to accept payments in digital assets

    2025-05-14

    American legislators warn Treasury about taxing the non -realized crypto wins of American companies

    2025-05-13

    Fed Council Warns Stablecoins can pose a risk for bank deposits and credit capacity

    2025-05-13
  • Analysis

    $ 36 is in the cards as a period of 3 months becomes bullish?

    2025-05-14

    Low Cap Nasdaq-Gentered Company reveals $ 300,000,000 fundraising plan to acquire crypto, including the Trump token of the president: report

    2025-05-14

    Why $ 2.69 contains the key

    2025-05-14

    According to analyst Jason Pizzino, it will be time to be careful to carefully turn to cryptomarkets

    2025-05-14

    XRP sees renewed trading activity while the market absorbs sales pressure

    2025-05-14
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Dogecoin: Is DOGE ready to escape this compact range?
Altcoins

Dogecoin: Is DOGE ready to escape this compact range?

2023-07-13No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Due to sales pressure, DOGE could break the compact range.
  • Due to lack of demand in the futures market, Spot CVD continues to decline.

Dogecoins [DOGE] traded within a compact price range for the past three weeks. The price fluctuated between the low range of $0.0632 and the high range of $0.0700.

However, a range breakout seems imminent, especially with Bitcoin [BTC] undergo a price correction. DOGE reported a 2.1% loss in the past 24 hours. This suggested that the breakout could be a bearish one.


Realistic or not, here is DOGE’s market cap in BTC terms


Sellers are about to break below a key support level

Dogecoin price chart on dark background with green and red bars

Source: DOGE/USDT on trade view

DOGE’s market structure on the higher and lower time frames has been bearish since early April. The break of the key support level of $0.0632 on June 10th caused the price to drop to a new year low. However, the bulls slowly recovered to dampen the selling pressure.

Despite the bullish rebound, buyers found it difficult to gain momentum due to selling pressure at the $0.0700 resistance level. This left DOGE stuck in a compact price range, even though the chart’s indicators pointed to a possible bearish breakout.

The Relative Strength Index (RSI) has been below the neutral 50 since July 5. As of this writing, it was on a dip, highlighting easing buying pressure. On-Balance Volume (OBV) was mostly flat, which could be significant for bears.

See also  Dogecoin leaves Bitcoin behind with a 12% increase - Stage set for $ 1?

On a successful bearish breakout, bears will target the October 2022 low of $0.0582. Alternatively, if BTC climbs back above USD 31,000, bulls could trigger a surprise rally from the current support level.

Open Interest hinted at a bearish sentiment in the market

DOGE coin futures market data

Source: Coinalyse

Dates from Coin analysis showed that the Open Interest is in a downward trend after a sharp drop on July 5. This showed confluence with the RSI, which also remained below the neutral 50 during the same period.


How much are 1,10,100 DOGEs worth today?


The aggregate Spot Cumulative Volume Delta (CVD) also continued to plummet amid swings in the funding rate. This indicated a market sentiment title in favor of a bearish breakout for DOGE.

Source link

compact DOGE Dogecoin Escape Range ready
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Ethena [ENA] Break the $ 0.60 ceiling afterwards? 3 signs say yes

2025-05-14

Pundit reveals when everything has to sell

2025-05-14

Altcoin season is brewing! – Traders, are you prepared for what is there?

2025-05-14

Crypto reforms delayed until 2029 without a brilliant action!

2025-05-14
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Investor Chris Burniske doubles down on the Massive Solana (SOL) forecast – here’s his outlook

2024-08-05

CropBytes welcomes all Web3 Gaming Projects to join its ecosystem

2024-07-22

Binance Labs Announces New Investment in the Solana (SOL) Staking Protocol

2024-08-07
Editors Picks

DMarket opens the week as the top NFT in daily sales

2024-05-07

Ethereum vs. Bitcoin – This is why analysts are divided on the 2025 bull market

2025-01-04

Is Argentina the New Silicon Valley for Crypto? zkSync’s bold move explained!

2024-08-26

According to Top Trader, this crypto sector is about to experience a repeat of 2021’s explosion

2024-12-16

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

The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

Will Ethena [ENA] Break the $ 0.60 ceiling afterwards? 3 signs say yes

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)$103,671.67-0.30%
  • ethereumEthereum(ETH)$2,625.46-3.05%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.56-1.24%
  • solanaSolana(SOL)$177.55-3.79%
  • binancecoinBNB(BNB)$653.13-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.234344-2.87%
  • cardanoCardano(ADA)$0.80-3.31%
  • tronTRON(TRX)$0.2740800.71%
  • suiSui(SUI)$3.92-3.08%
  • chainlinkChainlink(LINK)$17.06-2.46%
  • avalanche-2Avalanche(AVAX)$24.93-4.35%
  • stellarStellar(XLM)$0.306049-3.10%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.07%
  • hedera-hashgraphHedera(HBAR)$0.206702-4.13%
  • hyperliquidHyperliquid(HYPE)$25.45-1.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.99%
  • the-open-networkToncoin(TON)$3.27-5.62%
  • bitcoin-cashBitcoin Cash(BCH)$403.48-2.35%
  • polkadotPolkadot(DOT)$4.99-5.10%
  • litecoinLitecoin(LTC)$101.14-2.85%
  • piPi(PI)$0.89-31.14%
  • moneroMonero(XMR)$341.84-0.14%
  • pepePepe(PEPE)$0.000014-4.06%
  • bitget-tokenBitget Token(BGB)$4.77-1.00%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.72-5.83%
  • bittensorBittensor(TAO)$459.53-0.45%
  • nearNEAR Protocol(NEAR)$3.08-5.80%
  • aptosAptos(APT)$5.81-5.85%
  • aaveAave(AAVE)$231.18-2.98%
  • okbOKB(OKB)$54.61-0.07%
  • ondo-financeOndo(ONDO)$1.02-2.69%
  • kaspaKaspa(KAS)$0.121201-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.96-4.80%
  • internet-computerInternet Computer(ICP)$5.67-4.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.51-1.69%
  • crypto-com-chainCronos(CRO)$0.101518-1.81%
  • gatechain-tokenGateToken(GT)$21.83-0.50%
  • mantleMantle(MNT)$0.79-3.23%
  • render-tokenRender(RENDER)$5.10-4.38%
  • vechainVeChain(VET)$0.030557-6.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250526-4.94%
  • ethenaEthena(ENA)$0.411571-9.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.237904-4.96%
  • filecoinFilecoin(FIL)$3.06-6.75%
  • arbitrumArbitrum(ARB)$0.429151-6.79%
  • bitcoinBitcoin(BTC)$103,671.67-0.30%
  • ethereumEthereum(ETH)$2,625.46-3.05%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.56-1.24%
  • solanaSolana(SOL)$177.55-3.79%
  • binancecoinBNB(BNB)$653.13-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.234344-2.87%
  • cardanoCardano(ADA)$0.80-3.31%
  • tronTRON(TRX)$0.2740800.71%
  • suiSui(SUI)$3.92-3.08%
  • chainlinkChainlink(LINK)$17.06-2.46%
  • avalanche-2Avalanche(AVAX)$24.93-4.35%
  • stellarStellar(XLM)$0.306049-3.10%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.07%
  • hedera-hashgraphHedera(HBAR)$0.206702-4.13%
  • hyperliquidHyperliquid(HYPE)$25.45-1.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.99%
  • the-open-networkToncoin(TON)$3.27-5.62%
  • bitcoin-cashBitcoin Cash(BCH)$403.48-2.35%
  • polkadotPolkadot(DOT)$4.99-5.10%
  • litecoinLitecoin(LTC)$101.14-2.85%
  • piPi(PI)$0.89-31.14%
  • moneroMonero(XMR)$341.84-0.14%
  • pepePepe(PEPE)$0.000014-4.06%
  • bitget-tokenBitget Token(BGB)$4.77-1.00%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.72-5.83%
  • bittensorBittensor(TAO)$459.53-0.45%
  • nearNEAR Protocol(NEAR)$3.08-5.80%
  • aptosAptos(APT)$5.81-5.85%
  • aaveAave(AAVE)$231.18-2.98%
  • okbOKB(OKB)$54.61-0.07%
  • ondo-financeOndo(ONDO)$1.02-2.69%
  • kaspaKaspa(KAS)$0.121201-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.96-4.80%
  • internet-computerInternet Computer(ICP)$5.67-4.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.51-1.69%
  • crypto-com-chainCronos(CRO)$0.101518-1.81%
  • gatechain-tokenGateToken(GT)$21.83-0.50%
  • mantleMantle(MNT)$0.79-3.23%
  • render-tokenRender(RENDER)$5.10-4.38%
  • vechainVeChain(VET)$0.030557-6.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250526-4.94%
  • ethenaEthena(ENA)$0.411571-9.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.237904-4.96%
  • filecoinFilecoin(FIL)$3.06-6.75%
  • arbitrumArbitrum(ARB)$0.429151-6.79%