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Dogecoin

DogeCoin (DOGE) Charts Don’t Mean Anything Alone Without a Catalyst

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Technical patterns are identical to last run, what could it mean?

Community response: I am no whale or anything like that but I do own over 200K Dogecoin. Identical and now delayed. The move it will be sharp.

How do you expect a run without any catalyst/news? Charts don’t mean anything alone.

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News has been there building up just like last time. It’s been talked about more, more ATM’s, more listings, more curiosity of its viability, more revenue has been drawn from it. Not sure what else you’re looking for. This all happened before when it was seemingly stuck at .06.

The current technical chart is a good looking chart. Something that helps me handle unexpected outcomes and volatility is to picture something in the future that will happen before I sell. It solidifies my HODL mentality. For me, that’s knowing I won’t sell before a starship is sitting on Mars.

Oh my God! I have 1200 Doge Coins and I hold them tight. I know there are few, but it is the most I can afford for now. I’m an octopus because I grab all the Doge coins I can.

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These altcoins are getting ridiculous. Don’t forget moderately muscular DogeCoin army, and also “slender and slim doge” as well as the “Jenny Craig Doge army.”

I heard Doge would be big, but it is getting ridiculous. May be time will tell.

Some still believe that it means we are ready for take-off. When Elon announces Tesla accepting Doge it’s on’ or Amazon or eBay etcetera and tons of big things just waiting to crack off.

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It means people are researching Baby Doge Coin and about to switch because they see the growth potential. The math doesn’t lie.

Expectation is that Doge Will Hit 1.2 USDT next week. Lots of people dumped DOGE for SHIBA recently.

Some feel that the SHIB army has more “utilities” the doge army not so much. Those who hold both point to how Doge has unlimited supply as SHIB does not.

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Others are like Dogecoin is a simple asset made by millionaires. The concentration of supply in little wallets is annoying, SHIB is totally opposite. His price isn’t manipulated as Doge.

When someone asked: Please tell me about Doge Coin. I want to indulge. Majority were like: Soon Dogecoin is going to hit 1 USD tag not very far keep hoarding. I would say, we should learn from other communities and keep holding. This particularly to many who start cashing in at the slightest raise. This is not a community, just business. If we want to stay competitive to other communities, we need to keep proving it, and stand together, that my opinion.

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Dogecoin

Dogecoin Forecast November 29 — December 3, 2021

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Dogecoin ends the trading week at the level of 0.1997 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 0.1605. From where a rebound is expected again and an attempt to raise Dogecoin cryptocurrency with a potential target above the level of 0.3505.

Dogecoin Forecast November 29 — December 3, 2021

An additional signal in favor of raising the DOGE/USD quotes in the current trading week on November 29 — December 3, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the descending channel. Cancellation of the option to raise Dogecoin cryptocurrency next trading week will be a fall and a breakdown of the 0.1005 area. This will indicate a breakdown of the support area and a continued fall in DOGE/USD quotes with a target below the level of 0.0505. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 0.3205, which will indicate a breakdown of the upper border of the bearish channel.

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Dogecoin Forecast November 29 — December 3, 2021

Dogecoin Forecast November 29 — December 3, 2021 implies an attempt to test the support area near the 0.1605 level. Then continued growth to the area above the level of 0.3505. An additional signal in favor of a rise in Dogecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.1005 area. This will indicate a continued decline in cryptocurrency with a target below 0.0505.

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Elon Musk Warns Dogecoin Hodlers Against Leveraged Trading

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Tesla CEO Elon Musk praised a tweet that highlights the dangers of leveraged trading.

Tesla CEO Elon Musk called attention to some dangers and pitfalls of leveraged Dogecoin trading by praising a lengthy thread posted by Twitter user Mishaboar.

Mishaboar tweeted that some holders of the meme cryptocurrency started asking for help after their margin accounts got liquidated. Hence, he stressed that it was important to educate people about highly risky leveraged trading, comparing it to adding gasoline to the fire.

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He went on to write that newbies shouldn’t be fooled into thinking that “gambling” is an integral part of crypto.

The prolific member of the Dogecoin community added that only seasoned traders could try their hand at margin trading, but they still have to outsmart large institutional players.

Moreover, the cryptocurrency market is largely unregulated, which is why it is prone to manipulation:    

Again: it is playing Russian roulette against the guy who made the gun and knows exactly which chamber holds the bullet.   

Binance and FTX, two major crypto exchanges, were forced to dramatically reduce maximum leverage earlier this year due to regulatory scrutiny. However, there is still an abundance of trading platforms that allow their customers to make extremely risky bets.   

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Dogecoin is struggling to regain momentum

On Nov. 26, Dogecoin slipped to $0.1864, its lowest level since July 23 amid a violent cryptocurrency sell-off.   

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Image by tradingview.com

According to Coinglass data, $1.88 million worth of Dogecoin longs has been liquidated over the past 24 hours.  

The original meme coin is down 72% from its record peak in May.

Not your keys, not your Dogecoin

As reported by U.Today, Musk also urged his followers to leave centralized exchanges so that they will control their own private keys.

This came after the centibillionaire’s short-lived Twitter spat with Binance boss Changpeng Zhao. 

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VeChain

CQ Twitter Poll: VeChain Wins Against SHIB, DOGE, and ADA

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  • The Crypto market is down, following the most dominant crypto Bitcoin.
  • ADA, DOGE, VET, SHIB are some cryptos that caught the attention of investors.
  • VeChain won the poll with 57.8%.

For some time, the cryptocurrency space becomes extremely furious, followed by whales on the streets. But the most dominant crypto, Bitcoin, initiates the dump and most of the assets just follow suit. Likewise, almost all crypto assets crashed heavily. As a result, many weak hands just let their assets go.

On the other hand, while other retail traders are negatively impacted by the dip, some traders are planning to buy during this time. Moreover, Cardano (ADA), Dogecoin (DOGE), VeChain (VET), and Shiba Inu (SHIB) are the cryptos that caught the eye of investors all around the world. Thus, CoinQuora published a Twitter poll to know the opinion of each follower in terms of which crypto they are willing to buy during the dip.

As a result of the poll, VeChain takes the lead with 57.8% votes, followed by Shiba Inu with 19.3% votes. At the same time, Cardano in third place gathered 17% votes, and Dogecoin took fourth place with 5.9% votes.

According to the result, the majority of CoinQuora’s followers believe in the VeChain network and they are willing to buy more VET tokens during the dip. At the time of writing, the VET price is trading at $0.1106 with a 24-hour trading volume of $389,052,842, according to CoinMarketCap.

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