DeFI News by Thebittimes.Com

At the time of writing, the Dogecoin price prediction shows that DOGE must break and close back above the $0.130 level, for further upside. Dogecoin Prediction Statistics Data: Dogecoin price now – $0.127 Dogecoin market cap – $16.9 billion Dogecoin circulating supply – 132.6 million Dogecoin total supply – 132.6 million Dogecoin Coinmarketcap ranking – #8 DOGE/USD Market Key Levels: Resistance levels: $0.200, $0.220, $0.240 Support levels: $0.100, $0.080, $0.060 According to the daily chart, DOGE/USD is seen trading at $0.127 after recording an intraday high of $0.129 during the European session today. Looking at the daily chart, Dogecoin (DOGE) has failed to follow in the footsteps of Bitcoin (BTC) as its margin of gains has been limited this time around. DOGE/USD is still above the 9-day and 21-day moving averages after recovering from the daily low of $0.115. Dogecoin Price Prediction: DOGE Price Could Spike to the Upside Since the beginn...

Dogecoin price is exchanging hands at $0.1198 after losing 8% of its value over the last 24 hours. This $16 billion meme coin grew by over 100% in the past week amid an Elon Musk-triggered rally. Dogecoin proponents backed the rally in droves, compelling bullish forecasts to $1. However, DOGE started giving up some of its gains before the $0.15 level. It now appears to be sitting on top of robust support, slightly above $0.1100. Overhead pressure will increase if holders choose to lock in the gains, but if this support holds, the Dogecoin price could quickly resume its uptrend. Is Dogecoin the Best Cryptocurrency to Short The entire cryptocurrency market is turning its attention to the upcoming Federal Reserve meeting, scheduled to take place on November 2. Market participants expect the regulator to continue tightening its grip on interest rates as it combats inflation. A 0.75% rate hike or, if you like, 75 basis points will likely mount more pressure on riskier as...

Dogecoin bulls are ready to defend key support areas to prevent their weekly accrued gains from being wiped out as bears plan revenge missions. The largest meme coin continues to grace the cryptocurrency market with an unstoppable rally, as gains surpassed the 100% mark in a week. Over the last 24 hours, Dogecoin price extended its bullish outlook 21% higher, bringing its total accumulated gains to 112% in just seven days. Key Fundamentals Support the Dogecoin Price Rally Elon Musk, the world's wealthiest man – and now the CEO of Twitter may have triggered the Dogecoin price rally mid this week; however, other on-chain and macro factors kept the uptrend intact, preventing sudden retracements. At the time of writing, Dogecoin price exchanged hands at $0.1270, barely a day after it climbed above $0.1000. As discussed in this Analysis on Saturday, DOGE exhibits the potential to brush shoulders with $0.1400, a move likely to set the pace for the second phase of it...