{"id":13089,"date":"2022-04-07T18:24:32","date_gmt":"2022-04-07T18:24:32","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13089"},"modified":"2022-04-07T18:24:32","modified_gmt":"2022-04-07T18:24:32","slug":"dogecoin-price-to-retrace-to-0-12-again","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13089","title":{"rendered":"Dogecoin price to retrace to $0.12 again"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>DogeCoin price has produced the largest bearish candle of the year.<\/strong><\/li>\n<li><strong>DOGE price could be coiling into a descending triangle.<\/strong><\/li>\n<li><strong>Invalidation for the bearish thesis is a close above $0.18.<\/strong><\/li>\n<\/ul>\n<p>DogeCoin price has produced the largest candle this year in favor of the bears. DOGE enthusiasts should consider a bearish macro scenario.<\/p>\n<h2 class=\"fxs_headline_medium\">DogeCoin price looks dangerous<\/h2>\n<p>DogeCoin price has displayed serious bearish signals as the token failed Tuesday&#8217;s $0.17 breakout. The large bearish engulfing candle produced a 20% decline on the daily <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" rel=\"noopener\">chart<\/a>, which signals supreme control of the trend. The bears have likely trapped breakout traders at the $0.17 zone and anyone who did not quickly take profit from\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-has-weak-hands-losing-sight-of-a-future-20-bull-rally-targeting-016-202203312133\" rel=\"noopener\">last week&#8217;s successful trade setup<\/a>.<\/p>\n<p>DogeCoin price currently trades at $0.146. The volume indicator from yesterday&#8217;s sell-off shows profound\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-likely-to-print-a-new-low-as-doge-bears-push-past-0116-202203112245\" rel=\"noopener\">bearish control<\/a>, and the bulls have yet to display any comparable retaliation. When observing the structure of what led up to the massive sell-off, it appears that the bears have always been present. The popular meme coin is coiling in a descending triangle-like manner.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEUSDT_2022-04-07_09-24-55-637849521941405787.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"Doge 4\/7\/22\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEUSDT_2022-04-07_09-24-55-637849521941405787.png\" style=\"width: 669px;height: 243px\" \/><\/a><\/p>\n<p><strong><small>DOGE\/USDT 1-Day Chart<\/small><\/strong><\/p>\n<p>Analysts at FXStreet have maintained that DogeCoin price will eventually retest a\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-primed-for-massive-rebound-after-a-retest-of-historical-trend-202203090843\" rel=\"noopener\">historical trendline<\/a>\u00a0at $0.09 and possibly $0.08. The coiling wedge now sheds light on how the bears will manage to pull off such a cataclysmic move. In the short term, analysts will be looking for a wave D of the triangle to land in the $0.12 zone.\u00a0<\/p>\n<p>Invalidation for short-term traders will be a closing candle above wave C at $0.18. It is worth noting that C waves are commonly known to be complex structures. Thus a break above $0.18 will not void the overall triangle formation. Investors should be aware that DogeCoin price has been deemed high risk and unfavorable until wave A at $0.2150 is breached. If this scenario occurs, analysts will develop a trade setup to partake in the next meme token rally, which could land the DogeCoin price back to $0.25.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Dogecoin price takes another jab at $0.16 as DOGE attempts to break out\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/J3FRPDqwV2U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-to-retrace-to-012-again-202204071819\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DogeCoin price has produced the largest bearish candle of the year. DOGE price could be coiling into a descending triangle. Invalidation for the bearish thesis is a close above $0.18. DogeCoin price has produced the largest candle this year in favor of the bears. DOGE enthusiasts should consider a bearish macro scenario. DogeCoin price looks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[85,195,1472],"class_list":["post-13089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-dogecoin","tag-price","tag-retrace"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/dogecoin-200x200-637483778649728159_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13089"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13089\/revisions"}],"predecessor-version":[{"id":13090,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13089\/revisions\/13090"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/356"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13089"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}