Baby Doge Coin priceBabyDoge

Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.2250. DOGE price started a fresh decline below the $0.2420 level. The price is trading below the $0.2320 level and the 100-hourly simple moving average. There was a break below a key rising channel with support at $0.2295 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2165 zone. Dogecoin Price Dips Again Dogecoin price started a fresh increase above the $0.240 resistance zone, like Bitcoin and Ethereum. DOGE even spiked above $0.2420 before the bears appeared. A high was formed at $0.2430 and the price started a fresh decline. There was a move below the $0.240 and $0.2350 levels. The price dipped below the 50% Fib retracement level of the upward move from the $0.2163 swing low to the $0.2430 high. Besides, there was a break below a key rising channel with support at $0.2295 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.2320 level and the 100-hourly simple moving average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.2163 swing low to the $0.2430 high. If there is a recovery wave, immediate resistance on the upside is near the $0.2295 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2650 level. The next major stop for the bulls might be $0.2780. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2320 level, it could continue to move down. Initial support on the downside is near the $0.2220 level. The next major support is near the $0.2165 level. The main support sits at $0.2150. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.2050 level or even $0.2020 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2165 and $0.2150. Major Resistance Levels – $0.2320 and $0.2420. $DOGE $BABYDOGE $AIDOGE $BTC

🔥 BREAKING: Grayscale Sumbits S-1 For $DOGS $BNB $PEPECOIN $DOGE $ETH $BTC $BABYDOGE

On-chain data shows the Dogecoin whales have gone on a buying spree recently, a sign that could be bullish for the memecoin’s price. Addresses or investors are put into these cohorts based on the number of tokens that they are carrying in their balance. All wallets with 5 coins, for example, are placed into the 1 to 10 coins range. In the context of the current topic, the whales are the investors of interest. These entities are typically defined as holding between 100 million and 1 billion DOGE. At the current exchange rate, the former converts to $22.4 million and the latter to $224 million. Clearly, the only holders who would qualify for the group would be the big-money traders. As such, the holdings of these investors can be worth keeping an eye on, as if nothing else, shifts in the cohort can provide information about the sentiment among the network’s influential beings. Now, here is a chart that shows the the trend in the Dogecoin Supply Distribution for the whales over the last month and a half: 👇 As displayed in the above graph, the 100 million to 1 billion Dogecoin range has seen its Supply Distribution go through a rise recently, indicating that members of the group have been participating in net accumulation. In total, the whales have added 2 billion DOGE (worth $448 million) to their holdings over the past week. This is a notable amount and suggests that the large investors are expecting the cryptocurrency to go up from here. It only remains to be seen, however, whether this accumulation would pay off for them. The indicator shown in the chart is the “Whale Transaction Count,” which measures the total number of transfers occurring on the Dogecoin blockchain that involve a sum greater than $1 million. From the graph, it’s apparent that the metric has just seen a huge spike, a sign that big-money holders are on the move. DOGE Price Dogecoin has suffered a blow of 8% during the past day that has brought its price to $0.22 $DOGE $BTC $BABYDOGE

$BABYDOGE 8h 💰 - #BABYDOGE has now formed an iH&S pattern, and is about to break the trendline, so keep watching, you may be able to catch a good trade on the retest. 📈