Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Oct / 18
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- Dogecoin Price Targets $0.1835, Breaks Social Activity Records
- Oct 18, 2024 at 02:44 pm CoinPedia News
- Elon Musk's recent support for Dogecoin has sparked renewed interest in the cryptocurrency, leading to a surge in price and social media activity. With eight consecutive green candles indicating a bullish trend, technical indicators like MACD and EMA are pointing towards the continuation of this uptrend. Dogecoin's social media presence has also exploded, with its social dominance and creator activity reaching 12-month and 3-month highs, respectively. As the uptrend continues, the next target for Dogecoin is anticipated to be the 50% Fibonacci level of $0.14404, with potential further gains to the 67.80% or 78.60% levels. However, the resistance encountered at $0.14 raises concerns about the sustainability of the bullish momentum above the 38.20% Fibonacci level.
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