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Dogcoin has always lacked a major catalyst, but the candlestick closing price above $0.0835 may trigger the beginning of a new bullish trend for Dogcoin,DOGE may face the beginning of a new bull market and may reach the highly anticipated $1 level

On Monday, October 9th, the price trend of DOE caused memecoin to fall below the $0.06 mark, flipping it into the resistance zone

The price of dog coins has been declining since July 25th, breaking below the level support level on October 9th, but still maintaining a long-term support level.The daily relative intensity index (RSI) shows a bearish trend

Data shows that since June, the trading volume of Dogcoin has decreased by more than 98%, indicating that investors have lost interest in this meme currency.The 7-day trading volume of Dogcoin has decreased to 37300 transactionsAccording to data from the market intelligence platform IntoTheBlock, activity on the DOGE network has indeed slowed down recently

With the development of the Internet, cryptocurrencies have become increasingly popular, among which Dogcoin is a popular cryptocurrency. Despite some fluctuations in the price of dog coins, their dominant position in the market remains strong

A cryptocurrency analyst said that a little-known counterfeit currency may undergo a significant adjustment after soaring three digit percentage points since June.Anonymous trader AltcoinSherpa stated that he believes that the blockchain Oracle counterfeit TellorTributes (TRB) will become one of the "best tokens" to short in the coming months

What is Dog Coin (DOGE):Dogcoin, also known as "Dogecoin", is an open-source peer-to-peer cryptocurrency based on the Scrypt algorithm and is the second largest virtual currency in the world after Bitcoin in terms of user count.It was born on December 8, 2013, and its name comes from its icon being a firewood dog

Gougou coin is known as the "Chaigou" joke coin, but it has now developed into a cryptocurrency with specific characteristics. Apart from jokes, dog coins have unique features in various aspects

At the time of writing this article, the DOGE indicators indicate that it is not in a profitable state. However, this also provides potential investors with the opportunity to buy at a low price

The price of dog currency (DOGE) fell below the support range of 120 days and hit a low of $0.057 on October 9th

The DOGE indicator confirms that it is not in a profitable state. However, this also means that investors can seize the opportunity to buy on dips, but what are the risks?With the sharp decline in trading volume, the activity of dog coins has significantly decreased

With the sharp decline in trading volume, the activity of dog coins has significantly decreased.Bulls have the opportunity to gain a healthy entry point, but demand remains low