Dogecoin Price Jumps 15% As Whales Move DOGE To Robinhood Amid SEC Wells Notice; Dogeverse ICO Goes Ballistic

The


Dogecoin

price
slipped
over
2%
in
the
past
24
hours
but
is
still
up
more
than
15%
on
the
weekly
timeframe
to
trade
at
$0.1566
as
of
8:30
a.m.
EST
as
some
investors
realize
their
profits.

DOGE
whales
have
also
been
very
active
over
the
past
24
hours,
with
Whale
Alert
revealing
that
400
million
DOGE
tokens
worth
almost
$63
million
were
transferred
from
an
unknown
wallet
to
Robinhood.

That
came
as
the


Robinhood

exchange
revealed
that
it
received
a
Wells
Notice
from
the
Securities
and
Exchange
Commission
(SEC).

????
????
????
400,000,000

#DOGE
(62,825,933
USD)
transferred
from
unknown
wallet
to

#Robinhoodhttps://t.co/Ghy0dGLZky

—
Whale
Alert
(@whale_alert)

May
7,
2024

The
Dogecoin
Price
Gets
Rejected
By
Resistance

4-hour
chart
for
DOGE/USDT
(Source:


TradingView)

The


Dogecoin

price
managed
to
briefly
break
above
the
$0.16394
resistance
level
in
the
last
24
hours,
but
sellers
prevented
a
4-hour
candle
close
above
this
mark.
As
a
result,
the
meme
coin
corrected
slightly.

Bulls
recently
re-entered
Dogecoin’s
charts,
which
could
lead
to
DOGE
attempting
another
challenge
at
the
$0.16394
obstacle.
Should
the
crypto
close
a
4-hour
candle
above
this
price
point
within
the
next
12
hours,
the
Dogecoin
price
could
have
a
good
foundation
to
rise
from.

Traders
might
then
identify
the
potential
break
above
this
technical
barrier
as
a
long
entry.
With
this
possible
influx
of
buy
pressure,
DOGE
could
climb
to
as
high
as
$0.17440
before
flipping
this
resistance
into
support
if
the
bullish
pressure
persists.

On
the
other
hand,
the
Dogecoin
price
falling
below
$0.15150
in
the
next
24
hours
might
invalidate
the
bullish
thesis.
In
this
alternative
scenario,
the
altcoin
could
be
at
risk
of
dropping
further
in
the
short
term.

Bears
could
then
force


DOGE

to
the
subsequent
safety
net
at
$0.14463.
If
sellers
keep
exerting
pressure
on
the
Dogecoin
price,
it
might
even
fall
to
as
low
as
$0.13512.

The
Dogecoin
Price
Is
Attempting
To
Exit
Its
Short-Term
Bearish
Trend

Technical
indicators
on
DOGE’s
4-hour
chart
show
that
Dogecoin
is
in
a
bearish
trend,
which
seems
to
be
approaching
its
end.
The
Moving
Average
Convergence
Divergence
(MACD)
indicates
that
the
meme
coin
is
currently
in
a
negative
phase,
with
the
MACD
positioned
below
the
MACD
Signal
line.

However,
the
gap
between
the
MACD
and
MACD
Signal
line
is
narrowing.
This
could
be
an
early
sign
of
the
bearish
trend
coming
to
an
end. 

Meanwhile,
the
Relative
Strength
Index
(RSI)
on
the
4-hour
chart
suggests
buyers
are
slowly
starting
to
reclaim
their
strength
against
dominant
sellers.
Although
the
RSI
is
positioned
under
the
Simple
Moving
Average
(SMA)
to
signal
that
bears
are
stronger
than
bulls,
the
RSI
is
closing
in
on
the
SMA.

Traders
could
look
to
enter
a
long
position
for
Dogecoin
if
the
RSI
crosses
above
the
SMA
line.
This
technical
occurrence
might
take
place
after
DOGE
breaks
above
the
$0.16394
resistance
level.

With
DOGE
showing
early
signs
of
a
possible
uptrend,
Dogecoin
derivative
ICO


Dogeverse

stands
to
benefit.

Unprecedented
Levels
Of
Utility
Across
Multiple
Chains

Dogeverse
(DOGEVERSE)
is
the
first
meme
coin
that
resides
on
more
than
one
blockchain
network.
With
its
multi-chain
presence,
the
token
introduces
an
unprecedented
level
of
utility
into
the
meme
coin
market.

Beyond
being
able
to
seamlessly
transfer
value
across
several
networks,
DOGEVERSE
investors
can
also
participate
in
a
variety
of
DeFi
protocols
on
some
of
the
most
liquid
and
active
blockchain
networks.

Why
limit
to
one
when
you
can
have
it
all?
$DOGEVERSE
begins
on
the
secure

#Ethereum
network,
ensuring
robust
security
and
reliability.
????️????

????
Bridging
gaps
between

#Cryptocurrency
ecosystems,
we
enhance
liquidity,
utility,
and
fun
across
the
entire

#Cryptoverse!
????#AltSeason

pic.twitter.com/zOg8albhry

—
DogeVerse
(@The_DogeVerse)

May
3,
2024

This
means
that
they
can
gain
easy
access
to
passive
rewards
and
yield
opportunities
offered
by
decentralized
applications
hosted
on
Avalanche,
Solana,
Ethereum,
BNB
Chain,
Base
and
Polygon.

What’s
more,
the
project
is
also
giving
investors
an
attractive
staking
opportunity.
This
means
they
won’t
even
have
to
leave
the
DOGEVERSE
ecosystem
to
start
earning
rewards.
It
will
also
be
difficult
to
find
a
more
lucrative
opportunity,
with
up
to
73%
in
annual
rewards
being
offered
to
investors
at
this
early
stage. 

One
Last
Chance
To
Buy
Before
DEX
Listing

Dogeverse
is
offering
investors
one
last
chance
to
buy
the
meme
coin
before
its
official
launch
and
its
subsequent
DEX
listing.
The 
crypto
community
has
flocked
to
DOGEVERSE’s
presale,
with
over
$13
million
raised
so
far
and
the
developer
now
offering
one
last
chance
to
buy.

This
strong
momentum
is
likely
to
continue
as
investors
keep
rushing
to
buy
the
meme
coin
during
this
early
stage.
Even
influencers
and
analysts
have
turned
their
attention
to
DOGEVERSE,
with
an
analyst
from
the
99Bitcoins
YouTube
channel
naming
the
crypto
as
one
of
the
top
5
meme
coins
to
buy
in
May.

Anyone
looking
to
acquire
the
token
can
do
so
on
the
project’s
official
website
through
the
easy-to-use
buy
widget
embedded
on
the
site.
Investors
simply
need
to
connect
their
wallet
to
the
platform,
specify
how
many
tokens
they
would
like
to
buy,
and
then
complete
the
purchase.

Given
DOGEVERSE’s
multi-chain
presence,
the
meme
coin
can
be
bought
using
SOL,
AVAX,
BASE,
BNB,
ETH
and
MATIC.
USDT
and
bank
cards
can
also
be
used.

Purchase
DOGEVERSE
before
its
launch
here.

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