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DOGECOIN PRICE ANALYSIS & PREDICTION (March 11) – Doge Sees 6% Gains Amid Meltdown, Possible Recovery Ahead?

After declining by over 20% in a week, Doge found a temporal support today and took a little pause. Bouncing off today’s low, other top meme coins have followed suit, but there's no assurance for a reversal yet. Doge's overall market structure has remained bearish for over three months now as it continues to break lower every week. While several positions have been liquidated on the futures trading, spot traders are still hopeful of a strong recovery while counting heavy losses. However, it may be too late to recover such a loss as the crypto market stylishly signals an ending bullish cycle. Though, there's hope for an increase as the price remains within a buying zone in the long term. A continuous monthly breakdown will confirm a bear season start. Meanwhile, the last 24 hours have marked a tough moment […]

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Dogecoin $DOGE Faces Steep Decline: A Look Into the Current State of the MemeCoin’s Network and Market Activity

Dogecoin ($DOGE), the well-known meme coin that surged into the limelight in 2021, is seeing a dramatic downturn in its network activity and market performance. Once thought to have a good chance of being an up-and-coming cryptocurrency, it now looks like a has-been. Long-term holders and investors are facing what some describe as a denial phase, and various metrics and a gut feeling say that an old stalwart has serious challenges ahead, with contraction of trading volume and five-figure-dollar amount futures market, as well as the sharpest drop-off in the Dogecoin network that anyone can remember. Declining Network Activity: A 95% Drop For holders of Dogecoin, one of the worrying indicators is a steep slide in network activity. The count of active addresses on the Dogecoin network has nosedived by a stunning 95% in just a few months. In November […]

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DOGECOIN PRICE ANALYSIS & PREDICTION (February 19) – Is Doge Set For Another Crackdown Following This Bearish Move?

After experiencing a short recovery last week, Doge resumed drops and started to lose ground again on a daily scale. However, it currently sits near a key support level and now looks set for another breakdown. Doge's price is waxing weaker weekly following the latest drawdown as the bears continue to take charge on the daily chart. The primary meme coin is seriously in red today due to a 10% drop in the past few days. It currently approaches a vital support level and looks prime for another major crash. It is important to note the supply level is on the rise again. Meanwhile, the latest bearish came after a short recovery to the $0.287 level last week. It marked resistance there and initiated drops. A plunge through the immediate support could cause a serious reduction. While this bearish move […]

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