{"id":271313,"date":"2022-11-17T11:00:27","date_gmt":"2022-11-17T05:30:27","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=271313"},"modified":"2022-11-16T19:16:16","modified_gmt":"2022-11-16T13:46:16","slug":"dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit\/","title":{"rendered":"Dogecoin [DOGE] buyers can leverage this pattern&#8217;s break to their benefit"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Disclaimer:\u00a0<\/span><em><span data-preserver-spaces=\"true\">The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.<\/span><\/em><\/p>\n<ul>\n<li><em><span data-preserver-spaces=\"true\">While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart.<\/span><\/em><\/li>\n<li><em><span data-preserver-spaces=\"true\">DOGE\u2019s Social volumes declined but its funding rate unveiled some hope.<\/span><\/em><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">Dogecoin\u2019s [DOGE]<\/span><span data-preserver-spaces=\"true\">\u00a0reversal from the $0.07 support finally broke the streak of red candles as the buyers attempted to change the narrative. Consequently, the meme coin grew but flattened near the 200 EMA (green).<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span data-preserver-spaces=\"true\">Read\u00a0<\/span><a class=\"editor-rtfLink\" href=\"http:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Dogecoin\u2019s [DOGE] Price Prediction\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">2023-24<\/span><\/p>\n<hr \/>\n<p><span data-preserver-spaces=\"true\">Meanwhile, the alt formed a bearish structure in the daily timeframe. At press time, DOGE was trading at $0.0855.<\/span><\/p>\n<h4><span data-preserver-spaces=\"true\">Can the sellers induce another breakdown?<\/span><\/h4>\n<figure id=\"attachment_271315\" aria-describedby=\"caption-attachment-271315\" style=\"width: 2985px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07.png\"><img decoding=\"async\" class=\"wp-image-271315 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07.png\" alt=\"\" width=\"2985\" height=\"1302\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07-1024x447.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07-768x335.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07-1536x670.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/DOGEUSD_2022-11-16_18-22-07-2048x893.png 2048w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" \/><\/a><figcaption id=\"caption-attachment-271315\" class=\"wp-caption-text\">Source: TradingView, DOGE\/USD<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The previous buying resurgence aided the buyers in testing the $0.14-ceiling after witnessing triple-digit gains in just a week. With the market-wide uncertainties kicking in, the sellers quickly propelled a downturn over the last two weeks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The rebound from the $0.07 baseline induced a near-term consolidation on the charts. The resulting price movement chalked out at a bearish pennant structure in the daily timeframe.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A reversal below the 200 EMA near the $0.08 resistance can aid the sellers in provoking further losses. In this case, potential targets would lie in the $0.07 region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Any jump above the constraints of the 200 EMA followed by the 20 EMA can invalidate the bearish tendencies. The first major resistance barrier in these circumstances would be in the $0.1-mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Relative Strength Index (RSI) stood near the equilibrium while depicting a slight edge for the sellers. The buyers could wait for a convincing reversal from the 50-mark to gauge the chances of a pulldown.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DOGE stood in a critical spot<\/span><\/strong><\/p>\n<figure id=\"attachment_271316\" aria-describedby=\"caption-attachment-271316\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022.png\"><img decoding=\"async\" class=\"wp-image-271316 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/Dogecoin-DOGE-17.54.13-16-Nov-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-271316\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">According to data from Santiment, DOGE&#8217;s social volume over the last few days has marked a steep decline. Given the price action&#8217;s empirical correlation to this metric, the price could account for this decline in the coming sessions.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless, the coin&#8217;s funding rate on Binance stood positive. Any reversals on this front can resonate with the bearish narrative.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Finally, DOGE shared a 42% 30-day correlation with the king coin. Thus, keeping an eye on Bitcoin\u2019s movement would complement these technical factors.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer:\u00a0The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart. DOGE\u2019s Social volumes declined but its funding rate unveiled some hope. Dogecoin\u2019s [DOGE]\u00a0reversal from the $0.07 support finally broke the streak<a href=\"https:\/\/ambcrypto.com\/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit\/\">Continue reading <span class=\"sr-only\">&#8220;Dogecoin [DOGE] buyers can leverage this pattern&#8217;s break to their benefit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":271317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[],"class_list":["post-271313","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin [DOGE] buyers can leverage this pattern&#039;s break to their benefit - AMBCrypto<\/title>\n<meta name=\"description\" content=\"While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart. 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