Dogecoin Struggles To Break Past $0.153 Despite Bullish Attempts

18/05/2024 16:20

According to U.Today, Dogecoin (DOGE) experienced a setback in its attempt to surpass the $0.153 mark. The cryptocurrency is currently trading at $0.1526, marking a 1.17% decrease in the past 24 hours. This decline comes after the coin made a significant leap from $0.1491. Dogecoin's growth is largely influenced by general market sentiment, as it lacks a definitive internal catalyst. However, this sentiment was not strong enough to maintain interest in recent hours. The trading volume of the meme coin saw a significant drop of 38%, falling to $1,160,682,932. This level of retail volume does not align with the overall interest within the Dogecoin community. Dogecoin enthusiasts are eagerly awaiting the coin's addition to X Payments. The expectation is that this will increase demand for Dogecoin, thereby driving up its value in the long term. The current price action of Dogecoin, as shown in the DOGE 4H Chart, places the Relative Strength Index (RSI) at 53, slightly above average. A little pressure from DOGE whales to reverse the bearish outlook in daily volume could serve as a significant catalyst to boost prices. Despite the current bearish trend, Dogecoin has outperformed the general market in the year-to-date (YTD) period, with a 68% overall increase. If it maintains this pace, it could end Q2 on a positive note. The immediate price target for the coin is set at $0.16, which would match its four-week high.

Bullish

Bearish

More news about dogecoin musk

Jan 12
Musk Is Still a Dogecoin Holder
Bullish
Bearish
Dec 06
DogeCoin Emerges as Crypto Dark Horse with Musk's Solid Support
Bullish
Bearish
Aug 09
Musk Lawyer Files Motion to Dismiss Dogecoin Insider Trading Suit
Bullish
Bearish
Jun 19
Musk Denies Possession of Dogecoin Wallet Linked to Insider Trading
Bullish
Bearish
Jun 02
Musk Accused Again of Manipulating Dogecoin
Bullish
Bearish
Apr 01
Elon Musk seeks to end $258 billion Dogecoin lawsuit
Bullish2
Bearish2
Nov 02
Musk quotes "but you have to pay with dogecoin" tweet in reply to comments on "is developing a dogecoin solution for twitter"
Bullish
Bearish
Sep 12
Dogecoin creator says he was 'annoyed' when Elon Musk tried to send Doge-1 'to the Moon'
Bullish5
Bearish
Sep 08
Dogecoin Investors File $258 Billion Class Action Against Elon Musk
Bullish
Bearish
Aug 06
Dogecoin is Better Than Bitcoin At Handling Lots of Transactions, Elon Musk Says
Bullish4
Bearish1

Dogecoin Struggles To Break Past $0.153 Despite Bullish Attempts

More news about dogecoin musk

More news about dogecoin musk

Elon Musk's Dogecoin hype draws attention to mysterious wallet

Elon Musk Still Wants McDonald’s To Accept Dogecoin

Dogecoin (DOGE) Whales Are Preparing For Elon Musk’s Twitter Takeover

Dogecoin Loses Momentum From Musk Twitter Acquisition News

Elon Musk to Proceed With Twitter Buyout - Dogecoin Pumps!

[Coinlive] Will You Keep Supporting Dogecoin (DOGE) like Elon Musk?

Dogecoin founder bombards Musk, Musk hits back angrily

Dogecoin's parents are fighting: Musk and Jackson Palmer exchange barbs

Has Dogecoin Become Resistant To Elon Musk’s Shilling?

Elon Musk's Twitter investment puts a 150% rally into play for Dogecoin