{"id":10281,"date":"2024-04-17T20:15:39","date_gmt":"2024-04-17T20:15:39","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/dogecoin-trading-at-major-support-why-this-is-the-right-time-to-buy-doge\/"},"modified":"2024-04-17T20:15:39","modified_gmt":"2024-04-17T20:15:39","slug":"dogecoin-trading-at-major-support-why-this-is-the-right-time-to-buy-doge","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/dogecoin-trading-at-major-support-why-this-is-the-right-time-to-buy-doge\/","title":{"rendered":"Dogecoin Trading At Major Support: Why This Is The Right Time To Buy DOGE"},"content":{"rendered":"<p>Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish developments in the meme coin\u2019s ecosystem suggest it may be the right time to invest in the crypto token.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Time_To_Go_Long_On_Dogecoin\"><\/span>Time To Go Long On Dogecoin?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto analyst BitLuxe revealed in an X (formerly Twitter) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/Bit_Luxe\/status\/1780172543493656910\">post<\/a> that Dogecoin was trading near crucial support between $0.146 and $0.151. He then suggested that it may be time to go long on the foremost meme coin, although with a tight stop loss, possibly due to the uncertainty that is still in the market.\u00a0<\/p>\n<p style=\"text-align: center\"><\/p>\n<p>BitLuxe advised traders to watch for bearish signs below this support zone. He added that the next support for Dogecoin is between $0.122 and $0.13. Meanwhile, for those who might long on DOGE, the crypto analyst mentioned that there is resistance between $0.168 and $0.173, which is something to note when setting a \u2018take profit\u2019 target.\u00a0<\/p>\n<p>While also analyzing Dogecoin\u2019s chart, crypto analyst Myles G <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/OscarVzqz\/status\/1779365109703360522\">remarked<\/a> that the meme coin is about to experience a massive bounce-back. From the chart he shared, one could see that the analyst was hinting that DOGE would rise to as high as $0.23 soon enough. Myles G had also earlier predicted that the meme coin would rise to $0.26 on April 20, which happens to be DOGE Day.\u00a0<\/p>\n<p>Meanwhile, in a more recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/MylesGinvest\/status\/1780386146255556735\">X post<\/a>, Myles G again reaffirmed his bullish stance on Dogecoin, stating that there will be fireworks for the meme coin very soon.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DOGE_Still_Has_Bullish_Momentum_Ahead\"><\/span>DOGE Still Has Bullish Momentum Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crypto analyst Yomi also recently laid out a bullish narrative for Dogecoin. The analyst mentioned that the meme coin is still \u201cmultiple weeks of upward price action away from achieving this bull market milestone.\u201d He acknowledged that the current market downward trend has caused slight deviation but suggested another rally might be on the horizon.\u00a0<\/p>\n<p>Crypto analyst Altcoin Sherpa is another person who is also bullish on Dogecoin\u2019s future trajectory and believes that the meme coin still has enough bullish momentum ahead. In a recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1779885089775652941\">X post<\/a>, he urged crypto investors to buy Dogecoin if it drops to $0.107 or around that price range. \u201cThis is going to do stupid #s later this year,\u201d the analyst claimed.\u00a0<\/p>\n<p>Altcoin Sherpa <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1774507876892954705?s=20\">previously mentioned<\/a> that Dogecoin could do \u201csomething silly like go to $1 this cycle eventually.\u201d He also once remarked that the foremost meme coin still has a lot of firepower and alluded to Elon Musk\u2019s support for Dogecoin as one of the factors that could drive its price to $1.\u00a0<\/p>\n<p>At the time of writing, Dogecoin is trading around $0.155, down over 1% in the last 24 hours, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\">data<\/a> from CoinMarketCap.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/GpbeIJXC\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1530\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish developments in the meme coin\u2019s ecosystem suggest it may be the right time to invest in the crypto token.\u00a0 Time To Go Long On Dogecoin? Crypto analyst BitLuxe revealed in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Dogecoin Trading At Major Support: Why This Is The Right Time To Buy DOGE - Bitrabo","description":"Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish development"},"footnotes":""},"categories":[316],"tags":[874,462,461,626,981,1089,786],"class_list":["post-10281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-buy","tag-doge","tag-dogecoin","tag-major","tag-support","tag-time","tag-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=10281"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/10282"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=10281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=10281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=10281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}