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Dogecoin loses $0.09. But watch for this bullish signal when the daily candlestick closes
- Motiur Rahman
- 2022-12-13
- 3564
- Technology
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Summary:Dogecoin has lost 15% in the week amid a bear marketThe lack of positive fundamentals has been ailing the meme cryptocurrencyDOGE will confirm a bulli
The pegs have fallen 15% this week in a bear market
Lack of proactive fundamentals has been affecting meme cryptocurrency
If the candlestick closes above 0.09 US dollars, DOGE will confirm the bullish turn
If you keep watchingShop Dogecoin(DOGE/USD), you will definitely decide whether to do it again. Losing 15% every week makes DOGE the biggest loser among the top 10 cryptocurrencies. This may be inconvenient, especially when DOGE has already fallen below $0.09. This is an important support point, and both sides may buy DOGE during adjustment. However, we firmly believe that DOGE is not yet empty.
From the source, we are still suspicious of DOGE, because the memetics lack a key bullish starting factor. At the beginning, DOGE was slowly taking charge of the development prospects of the Twitter payment media. With Elon Musk not coming up with the official website logo or joking around this topic, the public's speculation has already cooled. The continuous decline of DOGE's share price reflects the trading position that investors are likely to exit in the absence of subjective factorsCryptocurrency News Report.With the continuous bear market in the stock market, it is not unreasonable to predict that DOGE will fall.
Technical index analysis of DOGE, the price is less than applicable
BNB/USD data chart (by main view of purchase and sale)
Turning to the technical side, DOGE trading is at the level of winning or losing. MACD shows a weak and bullish trend, although the index value is still higher than the neutral zone.
Although it fell below the support line of $0.09, customers still stopped falling below $0.084. If the daily candlestick is above 0.09 dollars, DOGE can determine the bullish flipping data signal through the needle bar.
Will DOGE be bullish?
According to the analysis of technical indicators,DogecoinBoth forms can. The bullish column of 0.09 USD support line may cause the two sides to manipulate the cryptocurrency and push it back to 0.11 USD.
On the other hand, if the daily candlestick closing is less than, we should further price behavior. It is possible for the bear to manipulate the situation and reduce DOGE in the case of the bear. The price of about US $0.07 is still expected.
Where to buy DOGE
Because DOGE is a new property, it is not sold on key exchanges. However, you can still use DEX (Blockchain Technology Exchange) to purchase DOGE, which just means that some additional processes are required. To submit an order DOGE, follow the procedure below:
1. Buy BNB from regulated exchanges or artist brokers, such as Binance ›
Binance is generally recommended because it is one of the multi asset trading platforms with much more advanced technology and a service platform integrating exchanges and wallets, with the lowest charging standard in the industry. It is also very nice for novices, and has more payment methods for users than any other service items that can be used.
2. Send BNB to the appropriate wallet, such as Trust wallet or MetaMask
You must build your wallet, get your detailed address, and send your money there.
3. Transfer wallet to 1-foot DEX
Go one foot forward and "connect" your wallet to it.
4. Now you can exchange BNB for DOGE
Then you are already connected. You can exchange 100 coins, including DOGE.
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