Dogecoin's price slips back after a fakeout, what's next for investors

Dogecoin's price, unlike a lot of altcoins, seems to be holding above its support levels despite the nasty market crash since 5 May. The crash pushed DOGE inside its bullish setup, where it awaits a breakout.

Timeline of Dogecoin

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.  As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly/yearly lows on 10 May.

While most of the popular tokens underwent huge price slashes, Dogecoin prices plummet less than Bitcoin or Ethereum manifesting a strong upward trajectory approaching very fast. The price recorded its consecutive 5th week close within the same descending trend. No doubt the present weekly trade also appears to have been dominated by the bears, yet …

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Today's top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today,

The price of Dogecoin (DOGE) is in a downtrend, but the market reached bearish exhaustion when the altcoin fell to $0.124 on April 30. After the downward impulse on April 30, the cryptocurrency has consolidated above the current support.

Legend has it that the cryptocurrency mania started out of the need to build a future of money that is completely digitized. With the ever-increasing number of cryptocurrencies that existed, the problem of selecting the one to act unilaterally as the future money arose.

Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin ($DOGE), has suggested that the “simplest and best use case” for the cryptocurrency, in his opinion, is tipping, which means “spreading happiness over the internet.” In a tweet shared with his over 1.4 million followers on the microblogging platform Twitter, Markus tipped the “most prolific tipper

The number of popular personalities who support Dogecoin continues to grow with each passing day. Legendary rapper Ice Cube has now joined the list of people who have openly supported the meme coin, a move that comes after the successful launch of the BIG3 project that the rapper is a part of.

The founding chairman of self-custodial Dogecoin ($DOGE) wallet MyDoge, Bill Lee, has made the “largest commercial Dogecoin cryptocurrency transaction in history,” after buying 25 Fire-Tier editions of BIG3's Aliens for $625,000. According to a press release Lee, who is also the co-founder of Craft Ventures, spent $625,000 to buy the 24 Fire-Tier non-fungible tokens (NFTs)

Ice Cube backed DOGE in a “historical” transaction saying he is down with the “DogeArmy” after Bill Lee bought $625,000 worth of the NFTs tied to the rapper's basketball league in DOGE so let's read more today in our dogecoin news. The rapper Ice Cube known as O'Shea Jackson Sr jumped on the DOGE bandwagon