Dogecoin Breaks Consolidation Support Level
The price of Dogecoin (DOGE) has recently broken through the consolidation above the $0.06041 support level, which had been holding since June. While this move is bearish, it indicates renewed activity in the DOGE market and suggests a potential directional bias as traders become more active.
Dogecoin Emphasizes Decentralization
After a period of silence, Dogecoin’s social media account has posted again, reminding community members of the importance of “Not Your Keys, Not Your Coins.” This reminder comes in the midst of a wave of phishing attacks in the crypto space and highlights the need for users to have custody over their assets to avoid falling victim to bad actors.
Dogecoin Price Prognosis: Potential Upside
Following its drop below the critical support level of $0.06041, the Dogecoin price has established a new support level at $0.05814. If buying pressure increases, it could push the price back above the $0.06041 level and potentially target the 100- and 200-day Exponential Moving Averages (EMA) at $0.06539 and $0.06944, respectively.
To fully realize its upside potential, Dogecoin must overcome resistance at the 50-day EMA of $0.06277. Breaking and closing above the midline of the fair value gap (FVG) at $0.07258 would confirm an uptrend and increase the chances of DOGE rallying to its forecasted target of $0.1.
Possible Downside Scenario
If selling momentum increases, Dogecoin price could extend its decline towards the $0.05500 low or even set a new range low.
TG.Casino: The Next Crypto to Watch
TG.Casino, a new Telegram presale, is gaining attention as the next crypto with explosive potential. This platform offers online, anonymous crypto gambling and has already raised over $742,703 in its presale, representing nearly 75% of its minimum goal.
The TG.Casino ecosystem is fully licensed and guarantees 100% safety for players. It utilizes Telegram’s encryption infrastructure to protect player data and financial transactions. Players are rewarded with TGC tokens, which have multiple use cases within the ecosystem, including participation in the loyalty program and earning prizes through gameplay.
The project’s profits are reinvested into the TGC token, adding economic stability. Additionally, future integrations with partner platforms, exchange for various services, and staking for extra benefits are planned.
Hot Take: Dogecoin Pushes for Decentralization Amidst Market Activity
Dogecoin’s recent price movement suggests renewed activity in the market, potentially indicating a directional bias. However, amidst this market activity, Dogecoin emphasizes the importance of decentralization and urges users to have custody over their assets. This reminder comes at a time when phishing attacks and questionable activities in centralized and decentralized exchanges have put users at risk. Meanwhile, TG.Casino emerges as a promising project in the crypto space, offering secure and rewarding online gambling experiences through its Telegram-based ecosystem.
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