{"id":417936,"date":"2024-08-26T16:30:17","date_gmt":"2024-08-26T11:00:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=417936"},"modified":"2024-08-26T23:11:24","modified_gmt":"2024-08-26T17:41:24","slug":"dogecoins-0-13-target-miners-sell-off-raises-concerns","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoins-0-13-target-miners-sell-off-raises-concerns\/","title":{"rendered":"Dogecoin&#8217;s $0.13 target &#8211; Miners&#8217; sell-off raises concerns"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The confidence of Dogecoin miners appears to have dwindled as they sold DOGE.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">A bearish takeover could push DOGE down to $0.09.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Like several cryptos, <\/span><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> also fell victim to a price correction in the last 24 hours. Nonetheless, the memecoin managed to close the last week above a crucial level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s have a closer look at DOGE\u2019s state to find out its possible targets for this week.\u00a0<\/span><\/p>\n<h2><b>Dogecoin\u2019s past week<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As per <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, DOGE\u2019s price had increased by more than 9% in the last seven days. But the last 24 hours were bearish as the coin\u2019s daily chart was red. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, DOGE\u2019s was trading at $0.1092 with a market capitalization of over $15.9 billion, making it the 8th largest crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s look at IntoTheBlock\u2019s data pointed out that over 4.7 million DOGE addresses were in profit, which accounted for more than 73% of total DOGE addresses.\u00a0<\/span><\/p>\n<figure id=\"attachment_417937\" aria-describedby=\"caption-attachment-417937\" style=\"width: 2384px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM.png\"><img decoding=\"async\" class=\"wp-image-417937 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM.png\" alt=\"\" width=\"2384\" height=\"1018\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM.png 2384w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-300x128.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-1024x437.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-768x328.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-1536x656.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-2048x875.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.24.13\u202fAM-1200x512.png 1200w\" sizes=\"(max-width: 2384px) 100vw, 2384px\" \/><\/a><figcaption id=\"caption-attachment-417937\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Crypto Tony, a popular crypto analyst, recently posted a <\/span><a href=\"https:\/\/x.com\/CryptoTony__\/status\/1827668495032787159?t=As97c-tEdUGEiI6MVl76bQ&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> revealing that he was looking forward to DOGE to close the week above $0.102. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thankfully, the world\u2019s largest memecoin managed to do so. Does this mean DOGE\u2019s coming week will be bullish?\u00a0<\/span><\/p>\n<h2><b>DOGE\u2019s next targets\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto then assessed the memecoin\u2019s on-chain data to see whether they hint at a price rise in the coming days. As per our analysis of Santiment\u2019s data, DOGE miners sold their holdings. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was evident from the dip in the supply held by miners, meaning that miners were not confident in DOGE and expected its price to drop.\u00a0<\/span><\/p>\n<figure id=\"attachment_417938\" aria-describedby=\"caption-attachment-417938\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024.png\"><img decoding=\"async\" class=\"wp-image-417938 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024.png\" alt=\"DOGE's velocity dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Dogecoin-DOGE-00.26.28-26-Aug-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-417938\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">After a sharp uptick, DOGE\u2019s MVRV ratio declined, which can be inferred as a bearish signal. Apart from this, Dogecoin\u2019s velocity also dropped, indicating that DOGE was used less often in transactions within a set timeframe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto then checked the memecoin\u2019s daily chart. As per our analysis, the technical indicator MACD displayed a bullish crossover. The Chaikin Money Flow (CMF) also registered a slight uptick. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If that is to be believed, then DOGE\u2019s price might touch $0.13 this week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Relative Strength Index (RSI) moved southwards and was headed towards the neutral mark. This suggested that bears might dominate in the coming days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the event of a continued price drop, investors might witness the memecoin dropping to $0.1 or $0.09.<\/span><\/p>\n<figure id=\"attachment_417939\" aria-describedby=\"caption-attachment-417939\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00.png\"><img decoding=\"async\" class=\"wp-image-417939 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00.png\" alt=\"\" width=\"2560\" height=\"1375\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/DOGEUSDT_2024-08-26_00-30-00-1200x645.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-417939\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Hyblock Capital&#8217;s data revealed that DOGE\u2019s liquidation would rise sharply at $0.11, which often results in price corrections. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, it will be crucial for the memecoin to first go above that mark before it targets $0.13.\u00a0<\/span><\/p>\n<figure id=\"attachment_417940\" aria-describedby=\"caption-attachment-417940\" style=\"width: 2880px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM.png\"><img decoding=\"async\" class=\"wp-image-417940 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM.png\" alt=\"Dogecoin\" width=\"2880\" height=\"1604\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-1024x570.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-768x428.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-1536x855.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-2048x1141.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-26-at-12.32.30\u202fAM-1200x668.png 1200w\" sizes=\"(max-width: 2880px) 100vw, 2880px\" \/><\/a><figcaption id=\"caption-attachment-417940\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin closed last week above a crucial level, and if things remain bullish, then it might reach $0.13 soon.<\/p>\n","protected":false},"author":75,"featured_media":417941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6387,5824,66,3,4,20],"tags":[6427,6428],"class_list":["post-417936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"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&#039;s $0.13 target - Miners&#039; 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