{"id":400241,"date":"2024-06-18T12:30:51","date_gmt":"2024-06-18T07:00:51","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=400241"},"modified":"2024-06-18T09:46:08","modified_gmt":"2024-06-18T04:16:08","slug":"is-dogecoin-poised-for-a-rally-from-0-12-support","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/is-dogecoin-poised-for-a-rally-from-0-12-support\/","title":{"rendered":"Is Dogecoin poised for a rally from $0.12 support?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Dogecoin has experienced a 14.98% decline in the last seven days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Despite the price decline, Doge enjoys low liquidation rates and increased whale activity<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a> has experienced a sharp decline in the last month. Over the last 30 days, Doge has reported a 14.98% price decline and a 7.46% decline in the last seven days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DOGE was trading at $0.1342, a 1% reduction in the last 24 hours, according to CoinMarketCap.<\/span><\/p>\n<figure id=\"attachment_400245\" aria-describedby=\"caption-attachment-400245\" style=\"width: 1131px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA.png\"><img decoding=\"async\" class=\"wp-image-400245 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA.png\" alt=\"\" width=\"1131\" height=\"713\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA.png 1131w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA-300x189.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA-1024x646.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogePA-768x484.png 768w\" sizes=\"(max-width: 1131px) 100vw, 1131px\" \/><\/a><figcaption id=\"caption-attachment-400245\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto&#8217;s analysis, DOGE is set to stabilize around $0.123. In the short run, DOGE prices will likely consolidate between $0.12 and $0.15. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, analysis indicates it&#8217;s likely to hit $0.17 to $0.2 in a bullish long-run scenario. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, with higher sell-offs, DOGE is likely to test the $0.12 support level, while continued market activity would lead to a breakout above the $0.169 resistance level.<\/span><\/p>\n<figure id=\"attachment_400244\" aria-describedby=\"caption-attachment-400244\" style=\"width: 1086px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI.png\"><img decoding=\"async\" class=\"wp-image-400244 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI.png\" alt=\"\" width=\"1086\" height=\"713\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI.png 1086w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI-300x197.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI-1024x672.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Doge-RSI-768x504.png 768w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><\/a><figcaption id=\"caption-attachment-400244\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Looking further, the RSI at 36 indicates the possibility of an upcoming bullish run. The indicator shows a potential reversal if the market holds and the RSI rises. Despite the existing bearish trend, future reversal is a possibility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Equally, data from Coinglass indicates low liquidity levels in the last seven days. On 15th June, DOGE reported meager liquidation rates for both shorts and long positions, each reporting $61.6k and $139.2k, respectively. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Short positions report $105.7k at press time, while long positions have $1.07 million. Short and long positions liquidation shows that the market is consolidating at the current rates while enjoying stability.<\/span><\/p>\n<figure id=\"attachment_400243\" aria-describedby=\"caption-attachment-400243\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli.png\"><img decoding=\"async\" class=\"wp-image-400243 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli.png\" alt=\"\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogeli-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-400243\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, short-position investors are in more favorable conditions. This has resulted in increased accumulation for both sides and positive future price sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In detail, according to Santiment, Whales with over $5 million are increasingly accumulating their assets. At press time, over 52% of assets are accumulated by whales with over $5 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The accumulation by whales and reduced liquidation implies positive market sentiment.<\/span><\/p>\n<figure id=\"attachment_400242\" aria-describedby=\"caption-attachment-400242\" style=\"width: 1464px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal.png\"><img decoding=\"async\" class=\"wp-image-400242 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal.png\" alt=\"\" width=\"1464\" height=\"699\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal.png 1464w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal-300x143.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal-1024x489.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal-768x367.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/dogewhal-1200x573.png 1200w\" sizes=\"(max-width: 1464px) 100vw, 1464px\" \/><\/a><figcaption id=\"caption-attachment-400242\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2><strong>DOGE market sentiment<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">DOGE has continually declined in the past seven days. However, investors remain optimistic, with increased accumulation by whales of over $5 million and reduced liquidation.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\"> If a negative market sentiment persists, DOGE will need to test the local weak support level of around $0.12. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the selling pressure persists, the market will get a reversal and breakout off the resistance level of around $0.169.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Dogecoin experienced a 14.98% decline last week. However, whales with over $5 million in DOGE continue to hold the market.<\/p>\n","protected":false},"author":94,"featured_media":400273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,66,3,4,20],"tags":[6427],"class_list":["post-400241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"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>Is Dogecoin poised for a rally from $0.12 support? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Dogecoin [DOGE] has experienced a sharp decline in the last month. 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