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Dogecoin Live News Today: Latest Insights for Doge Lovers (August 22)
The crypto market is in a state of flux, with some assets experiencing significant fluctuations. One such asset is Dogecoin (DOGE), which has been trading sideways lately. Despite this, there are several updates that have caught the attention of many investors and enthusiasts alike.
In a shocking move, Hyper Bit Technologies has acquired Dogecoin Mining Company. This acquisition comes as a surprise to many in the crypto space, particularly those invested in DOGE. The implications of this development will be crucial in determining the future price action of $DOGE. Additionally, Maxi Doge (MAXI) has been making waves with its presale, which has sparked considerable interest among investors and traders.
At the moment, $DOGE is hovering around a major support level that could signal whale accumulation before the next leg up. Furthermore, we can see that the current price of DOGE on the daily chart rests not only on this trendline but also near key moving averages, which would provide further support for potential gains. It appears that the technical analysis hints at a larger bullish picture.
On the other hand, in the short-term (4H and 1H charts), momentum is still bearish. In the present market climate, it is crucial to be patient and wait for a massive green daily candle before making any significant moves.
Source: bitcoinist.com
