You ask, we analyze: why child dogecoin is prone to reverse when it will probably maintain this key stage – Benzinga – Benzinga

Advertisements

Benzinga asked his Twitter Inc (NYSE: TWTR) Followers on Sunday evening to see what stocks to buy on Monday at the Open. Benzinga selected a ticker for technical analysis from the responses.

@ Shafiusani20 and @ surajit29151069 just buy Baby Doge Coin (CRYPTO: BABYDOG).

Baby Doge enthusiasts have largely managed to get out of the dog fights between the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) packs. Perhaps that’s because Baby Doge was too busy focusing its efforts on saving animal lives: The crypto announced on December 15 that it had partnered with it North Shore Animal League America, the world’s largest non-killing animal rescue and adoption organization.

To start the partnership, Baby Doge initially donated $ 150,000, but the collaboration will eventually evolve, such as the introduction of a Baby Doge-packaged mobile rescue unit, interstate animal transport, and exclusive merchandise to raise awareness, drive engagement and save animal life.

Like most of the cryptocurrency market, Baby Doge has been in a slump lately and is currently trading well below its all-time high of $ 0.0000005220 October 30th. There are signs that the cryptocurrency has hit rock bottom as long as it can hold above an important support level of $ 0.000000001300.

See Also: Bitcoin, Ethereum, Dogecoin Going Down Christmas Week: Analyst Says Traders Are Tending To These Coins Instead

The Baby Doge Chart: Baby Doge may have found a floor at the key level when testing the area as a support on December 14th, 15th and 16th, Baby Doge has started to curl up slightly from the level.

The curl can eventually create a rounded bottom pattern, which may indicate the bottom is in and the crypto is slowly beginning to climb higher. Bullish traders should watch out for the cryptocurrency to regain the eight-day exponential moving average (EMA), which would help drive Baby Doge up.

As of Dec 10, Baby Doge has been consolidating sideways between the $ 0.000000001300 level and an upper resistance level of $ 0.000000001623 with mostly below average volume. Eventually, either a large bullish volume or a large bearish volume will kick in to break the crypto out of the sideways pattern.

Baby Doge trades below the 8- and 21-day exponential moving averages, with the 8-day EMA trading below the 21-day trend, both bearish indicators. The crypto is also trading below the 50-day simple moving average, suggesting that the longer-term sentiment is bearish.

  • Bulls want to see large bullish volume pushing Baby Doge above the 8-day EMA and then for sustained momentum to push it above the $ 0.000000001623 level. Above the range there is another resistance at $ 0.000000001869 and $ 0.000000002185.
  • Bears want to see a large bearish volume and drop Baby Doge below the important support level. Below that level there is further support at $ 0.0000001042 and $ 0.00000000761.

Would you like a direct analysis? Find me in the BZ Pro Lounge! Click here for a free trial.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Dogecoin

Bitcoin Rises, Ethereum, Dogecoin Fall: On-Chain Metric Flags Bullish Sign – Benzinga – Benzinga

Bitcoin intraday returns exceeded those of altcoins as the global cryptocurrency market cap rose...

By wpadminsonic164
Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer – U.Today Dogecoin

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer – U.Today

Tomiwabold Olajide This would allow Dogecoin users to use DeFi, NFTs and all of...

By wpadminsonic164
Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, In line with On-Chai… – The Day by day Hodl Dogecoin

Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, In line with On-Chai… – The Day by day Hodl

The world's largest Ethereum (ETH) whales are gobbling up memecoin Shiba Inu (SHIB) even...

By wpadminsonic164
Dogecoin Value Prediction: DOGE to rebound to $0.21 – FXStreet Dogecoin

Dogecoin Value Prediction: DOGE to rebound to $0.21 – FXStreet

Dogecoin price made new 2022 lows. Down trend officially exceeds one year in length....

By wpadminsonic164
Evenhanded Holdings Now the Most Expensive versus Dogecoin This Year – Nasdaq Dogecoin

Evenhanded Holdings Now the Most Expensive versus Dogecoin This Year – Nasdaq

Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices...

By wpadminsonic164
Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information Dogecoin

Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information

Disclaimer: The findings of the following analysis are the sole opinions of the writer...

By wpadminsonic164
Contrasting Dogecoin Versus Livent Reveals New High – Nasdaq Dogecoin

Contrasting Dogecoin Versus Livent Reveals New High – Nasdaq

Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices...

By wpadminsonic164
Why is Curve Dao Token hovering as we speak when Bitcoin, Ethereum and Dogecoin are filling up?  – Benzinga – Benzinga Dogecoin

Why is Curve Dao Token hovering as we speak when Bitcoin, Ethereum and Dogecoin are filling up? – Benzinga – Benzinga

Curve Dao Token (CRYPTO: CRV) was trading 13.5% higher at $ 6.62 over the...

By wpadminsonic164

Latest Posts

Second STATE Token Launch and Declare Occasion Announcement – Medium Polkadot

Second STATE Token Launch and Declare Occasion Announcement – Medium

ParaState is pleased to announce the release of our 2nd tranche of STATE tokens...

By wpadminsonic164
BTC Information – Heineken prevê aumento de preço Videos

BTC Information – Heineken prevê aumento de preço

Painel diário de notícias de negócios e empresas, comentadas e analisadas pela Business Training...

By wpadminsonic164
Bitcoin Enchancment Proposal 21 Eases Person Expertise When Paying Invoices Bitcoin

Bitcoin Enchancment Proposal 21 Eases Person Expertise When Paying Invoices

The below is a direct excerpt of Marty's Bent Issue #1181: "BIP21 is a...

By wpadminsonic164
Instructions to Research Stablecoins | USDC, USDT, BUSD, PAXOS – Cardano Feed Cardano

Instructions to Research Stablecoins | USDC, USDT, BUSD, PAXOS – Cardano Feed

by Robin Smith May 24, 2022 DeFi videos In the part 1 of 2...

By wpadminsonic164
Kaspars Koskins, CEO of ADALend: “We’re constructing a safe lending platform on Cardano” |  Bitcoinist.com – bitcoinist.com Cardano

Kaspars Koskins, CEO of ADALend: “We’re constructing a safe lending platform on Cardano” | Bitcoinist.com – bitcoinist.com

Launch of the interview series from ADALend CEO Kaspars Koskins, one of the most...

By wpadminsonic164
Bitcoin plunges, and might there be another challenger on the way? Videos

Bitcoin plunges, and might there be another challenger on the way?

Brian Kelly on bitcoin's fall and Powell's comments on digital dollars. With CNBC's Melissa...

By wpadminsonic164
There’s an Insatiable Urge to Burn Crypto — A Have a look at Why Tasks Burn Tokens and the Advantages Bitcoin

There’s an Insatiable Urge to Burn Crypto — A Have a look at Why Tasks Burn Tokens and the Advantages

In recent times, cryptocurrencies that burn tokens have been very popular and a number...

By wpadminsonic164
Horizon provides Binance connectivity to its crypto buying and selling platform – FinanceFeeds Binance

Horizon provides Binance connectivity to its crypto buying and selling platform – FinanceFeeds

“We're already connected to main cryptocurrency exchanges and offering full scope of Principal Trading...

By wpadminsonic164