{"id":551262,"date":"2023-09-14T12:00:28","date_gmt":"2023-09-14T12:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=551262"},"modified":"2024-06-11T14:29:16","modified_gmt":"2024-06-11T14:29:16","slug":"dogecoin-will-0-06-support-level-hold","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-will-0-06-support-level-hold\/","title":{"rendered":"Dogecoin Key Challenge: Will The $0.06 Support Level Hold?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Dogecoin (DOGE) has had its share of ups and downs. Recently, as the altcoin market experienced a significant selloff, DOGE found itself caught in the turmoil, succumbing to substantial outflows earlier in the week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This downturn had a critical consequence, as it sent the coin&#8217;s price plummeting below a crucial support trendline that had been instrumental in propping up DOGE for over three weeks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the market sentiment shifted, this breakdown raised concerns about the future trajectory of Dogecoin, hinting at a possible continuation of the downtrend and further price declines.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/tron-shows-might-with-4-8-m-daily-transactions-will-this-boost-trx-price\/\" target=\"_blank\" rel=\"noopener \">Tron Shows Might With 4.8-M Daily Transactions \u2013 Will This Boost TRX Price?<\/a><\/div>\n<h2><strong>Dogecoin Breakdown And Retest<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">On a fateful Monday, DOGE&#8217;s price decisively breached the support trendline, taking a nosedive to reach a low of $0.0593. However, the cryptocurrency market is known for its swift and unpredictable moves, and DOGE was no exception.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bulls promptly rallied, pushing the price up in a retest of the very trendline that had turned into resistance. At the time of writing, the current <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">DOGE price<\/span><\/a><span style=\"font-weight: 400\"> stands at $0.061452, with a 24-hour gain of 0.5% and a seven-day dip of 3.0%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-551268 size-medium\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-51.png?w=460&#038;resize=460%2C297\" alt=\"\" width=\"460\" height=\"297\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-51.png?w=673 673w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-51.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">DOGE seven-day price action. Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">The critical question now is whether this retest phase will demonstrate the sustainability of DOGE&#8217;s price below the trendline. If it does, the outlook for Dogecoin, according to a <\/span><a href=\"https:\/\/coingape.com\/markets\/doge-price-prediction-will-dogecoin-lose-0-06-mark\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price analysis<\/span><\/a><span style=\"font-weight: 400\">, remains uncertain, with the potential for an additional decline of approximately 8%, targeting the $0.056 zone. Traders and investors are keenly watching this juncture, as it may dictate DOGE&#8217;s short-term future.<\/span><\/p>\n<h2><strong>Longer-Term Assessment On The Meme Coin<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Beyond the immediate challenges, some analysts have offered a longer-term perspective on Dogecoin. A <\/span><a href=\"https:\/\/finbold.com\/meme-coin-comeback-shiba-memu-apecoin-and-dogecoin-price-predictions-for-2023-2030\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">separate report<\/span><\/a><span style=\"font-weight: 400\"> suggests a Dogecoin price prediction of $0.10 by the time the next decade rolls around, representing a major 68% increase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This prediction raises eyebrows, considering DOGE&#8217;s history of meteoric rises. However, it&#8217;s essential to remember that past performance in the fast-paced crypto world doesn&#8217;t always indicate future results.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/UdfFaqhE\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">DOGE market cap still below $9 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h3><strong>The Dogecoin Dilemma<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">While Dogecoin undeniably boasts a loyal fanbase and a handful of celebrity endorsements, it hasn&#8217;t showcased the same level of aggressive growth strategy or innovative features as some of its younger counterparts, like Shiba Inu. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As the cryptocurrency landscape continues to evolve, DOGE faces the challenge of staying relevant and competitive in a field where innovation and adaptability are highly prized.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/can-ethereum-tally-spring-highs-after-correction-top-analyst-shares-his-views\/\" target=\"_blank\" rel=\"noopener \">Can Ethereum Tally Spring Highs After Correction? Top Analyst Shares His Views<\/a><\/div>\n<p><span style=\"font-weight: 400\">And, as Dogecoin finds itself at a critical juncture, its price is teetering on a support-turned-resistance trendline. The broader altcoin market&#8217;s performance and investor sentiment will likely play a pivotal role in determining DOGE&#8217;s near-term fate.\u00a0<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from iStock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE) has had its share of ups and downs. Recently, as the altcoin market experienced a significant selloff, DOGE found itself caught in the turmoil, succumbing to substantial outflows earlier in the week.\u00a0 This downturn had a critical consequence, as it sent the coin&#8217;s price plummeting below a crucial support trendline that had been instrumental in propping up DOGE for over three weeks.\u00a0 As the market sentiment shifted, this breakdown raised concerns about the future trajectory of Dogecoin, hinting at a possible continuation of the downtrend and further price declines. Related Reading: Tron Shows Might With 4.8-M Daily Transactions \u2013 Will This Boost TRX Price? Dogecoin Breakdown And Retest On a fateful Monday, DOGE&#8217;s price decisively breached the support trendline, taking a nosedive to reach a low of $0.0593. However, the cryptocurrency market is known for its swift and unpredictable moves, and DOGE was no exception.\u00a0 Bulls promptly rallied, pushing the price up in a retest of the very trendline that had turned into resistance. At the time of writing, the current DOGE price stands at $0.061452, with a 24-hour gain of 0.5% and a seven-day dip of 3.0%. DOGE seven-day price action. Source: Coingecko The critical question now is whether this retest phase will demonstrate the sustainability of DOGE&#8217;s price below the trendline. If it does, the outlook for Dogecoin, according to a price analysis, remains uncertain, with the potential for an additional decline of approximately 8%, targeting the $0.056 zone. Traders and investors are keenly watching this juncture, as it may dictate DOGE&#8217;s short-term future. Longer-Term Assessment On The Meme Coin Beyond the immediate challenges, some analysts have offered a longer-term perspective on Dogecoin. A separate report suggests a Dogecoin price prediction of $0.10 by the time the next decade rolls around, representing a major 68% increase.\u00a0 This prediction raises eyebrows, considering DOGE&#8217;s history of meteoric rises. However, it&#8217;s essential to remember that past performance in the fast-paced crypto world doesn&#8217;t always indicate future results. DOGE market cap still below $9 billion. Chart: TradingView.com The Dogecoin Dilemma While Dogecoin undeniably boasts a loyal fanbase and a handful of celebrity endorsements, it hasn&#8217;t showcased the same level of aggressive growth strategy or innovative features as some of its younger counterparts, like Shiba Inu. As the cryptocurrency landscape continues to evolve, DOGE faces the challenge of staying relevant and competitive in a field where innovation and adaptability are highly prized. Related Reading: Can Ethereum Tally Spring Highs After Correction? Top Analyst Shares His Views And, as Dogecoin finds itself at a critical juncture, its price is teetering on a support-turned-resistance trendline. The broader altcoin market&#8217;s performance and investor sentiment will likely play a pivotal role in determining DOGE&#8217;s near-term fate.\u00a0 (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock<\/p>\n","protected":false},"author":557,"featured_media":551273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,85675,7,8686,83767,4735],"class_list":["post-551262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-doge-price","tag-dogecoin","tag-ethusd","tag-meme-coins","tag-price-action"],"acf":[],"yoast_head":"\n<title>Dogecoin FUD Vs. HODLers: Will The $0.06 Support Level Hold?<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has had its share of ups and downs. 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HODLers: Will The $0.06 Support Level Hold?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin-will-0-06-support-level-hold\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/dogecoin-will-0-06-support-level-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-52.png?fit=836%2C466","datePublished":"2023-09-14T12:00:28+00:00","dateModified":"2024-06-11T14:29:16+00:00","description":"Dogecoin (DOGE) has had its share of ups and downs. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Key Challenge: Will The $0.06 Support Level Hold?","url":"http:\/\/uniquehot.com\/news\/dogecoin-will-0-06-support-level-hold\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin-will-0-06-support-level-hold\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-52.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-52.png?fit=836%2C466"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","doge price","dogecoin","ethusd","meme coins","price action"],"dateCreated":"2023-09-14T12:00:28Z","datePublished":"2023-09-14T12:00:28Z","dateModified":"2024-06-11T14:29:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Key Challenge: Will The $0.06 Support Level Hold?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-will-0-06-support-level-hold\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-will-0-06-support-level-hold\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-52.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-52.png?fit=836%2C466\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"doge price\",\"dogecoin\",\"ethusd\",\"meme coins\",\"price action\"],\"dateCreated\":\"2023-09-14T12:00:28Z\",\"datePublished\":\"2023-09-14T12:00:28Z\",\"dateModified\":\"2024-06-11T14:29:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-52.png?fit=836%2C466","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/551262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=551262"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/551262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/551273"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=551262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=551262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=551262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}