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Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo?

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Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo? - NewsBTC

Quick Summary:

Despite the recent recovery, trading activity remains tepid, and the community buzz that once fueled its rallies appears to be losing steam.  Technical Breakdown Of The $0.1293 Bounce According to Cantonese Cat in his latest post on X, before Dogecoin’s rebound at $0.1293, the Relative Strength Index (RSI) indicator formed a bullish divergence, which played a significant role in the price recovery.

Related Reading: Dogecoin (DOGE) Bleeds Further—Fresh Weekly Lows Test Investor Patience Based on his post, this discrepancy between the price action and the RSI suggests that although the price is declining, the momentum behind the selling is weakening, signaling a potential shift in market dynamics.

Related Reading: Dogecoin Forms A Daily Bullish Pattern – Analyst Expects A Breakout To $0.43 If Dogecoin manages to break free from its current slowdown, it could recover the $0.18 resistance level.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 22:30:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 78 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27741355

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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