{"id":180508,"date":"2023-10-25T08:51:30","date_gmt":"2023-10-25T03:21:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180508"},"modified":"2023-10-25T08:51:30","modified_gmt":"2023-10-25T03:21:30","slug":"doge-how-a-10-move-could-play-out-for-the-bulls-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/doge-how-a-10-move-could-play-out-for-the-bulls-crypto-news\/","title":{"rendered":"DOGE: How a +10% move could play out for the bulls &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Liquidity on DOGE\u2019s charts existed at $0.065.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">The funding rates remained positive.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/doge\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Dogecoin\u2019s [DOGE]<\/span><\/a><span style=\"font-weight: 400\"> price performance remained below single-digit gains during the ongoing recovery. It posted 4% gains in the week of 16 \u2013 22 October. The recovery was extended in the past two days (23-24 October) and climbed above a resistance level of $0.0647.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Read <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Dogecoin\u2019s [DOGE] Price Prediction<\/span><\/a><span style=\"font-weight: 400\"> 2023-24<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Meanwhile, Bitcoin [BTC] hit $35k as bullish bets swung amidst <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/breaking-btc-crosses-34k-as-blackrocks-bitcoin-spot-etf-sees-development\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">hints<\/span><\/a><span style=\"font-weight: 400\"> of BlackRock\u2019s readying for BTC ETF approval.\u00a0 However,<\/span><span style=\"font-weight: 400\">\u00a0BTC\u2019s sharp upswing didn\u2019t push DOGE beyond $0.070. Can DOGE bulls drive another leg of recovery?\u00a0<\/span><\/p>\n<h4>Bulls eyed $0.065 area<\/h4>\n<div id=\"attachment_353350\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGEUSDT_2023-10-24_13-02-31.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353350\" class=\"size-full wp-image-353350\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGEUSDT_2023-10-24_13-02-31.png\" alt=\"DOGE\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-353350\" class=\"wp-caption-text\">Source: DOGE\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">On the charts, liquidity was at $0.065, the area marked in white. Interestingly, the level sat above the previous resistance of $0.0647.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At press time, price action was above the $0.065 liquidity area but hadn\u2019t moved beyond $0.070. The alignment of liquidity and previous resistance could make the level ideal for near-term bulls to seek re-entry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A rebound at the liquidity will offer 11% gains if the jump extends to the overhead hurdle and breaker block at $0.075(red).\u00a0 <\/span><span style=\"font-weight: 400\">Alternatively, sellers\u2019 leverage will be confirmed if price action retreats below $0.063 and the liquidity area. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The immediate support to consider for such a downswing will be $0.060.\u00a0<\/span><span style=\"font-weight: 400\">Meanwhile, the RSI and CMF were positive and denoted substantial buying pressure and capital inflows.\u00a0<\/span><\/p>\n<h4>Funding rates remain positive<\/h4>\n<div id=\"attachment_353351\" style=\"width: 1788px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353351\" class=\"size-full wp-image-353351\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"DOGE\" width=\"1778\" height=\"999\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze.png 1778w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze-300x169.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze-1024x575.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze-768x432.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze-1536x863.png 1536w\" data-lazy-sizes=\"(max-width: 1778px) 100vw, 1778px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-353351\" class=\"size-full wp-image-353351\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/DOGE-Coinalyze.png\" alt=\"DOGE\" width=\"1778\" height=\"999\" \/><\/a><\/p>\n<p id=\"caption-attachment-353351\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Despite consolidating recent gains below $0.070 at press time, overall sentiment remained positive for the DOGE. Positive funding rates confirmed the above stance.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-doge-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 DOGEs worth today<\/span><\/a><span style=\"font-weight: 400\">?\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">The Open Interest rates also improved in the past few days and underscored a spike in demand for the meme coin in the derivatives market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But buyers didn\u2019t have an absolute market edge, especially on the lower timeframe as of press time. The inference above was drawn from the downward sloping CVD (Cumulative Volume Delta), which showed sellers\u2019 spirited fight.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion Liquidity on DOGE\u2019s charts existed at $0.065.\u00a0 The funding rates remained positive.\u00a0 Dogecoin\u2019s [DOGE] price performance remained below single-digit gains during the ongoing recovery. It posted 4% gains in the week of 16 \u2013 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180508"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180508\/revisions"}],"predecessor-version":[{"id":180515,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180508\/revisions\/180515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180509"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}