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Dogecoin price analysis: Will Doge be the darling of speculators in June?

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TL;DR

  • Dogecoin price analysis shows that bulls are unable to shake off the current downtrend
  • DOGE volatility is driving the price back into another bearish zone below $0.3000
  • In the last 24 hours, DOGE/USD has lost 5 percent value as the weekend comes to a close
Dogecoin price analysis: Will Doge be the darling of speculators in June? 1
Cryptocurrency heat map by Coin360

As DOGE battles another downtrend, the altcoin is facing a crisis as its popularity dwindles further. The rise and fall in DOGE can be attributed to its social media coverage. Lately, it is garnering all the negative press. Add an overall negative sentiment in the crypto industry, and we have a sliding DOGE/USD that may not stop at $0.30000.

Currently, the price of DOGE is near $0.3040 with a downward bias. The cryptocurrency is struggling to post any meaningful pattern on the charts and just trading sideways. According to Dogecoin price analysis, the pair is also limited in a strict range within the Bollinger Bands. The current range is $0.2889 to $0.3284, and traders have a limited opportunity to decipher its next week’s trajectory.

With May coming to an end, all eyes are on the June series, where crypto fans expect the negative news to subside. As the world reels under the COVID-19 pandemic, the next month will see more economies come out of the lockdown, which can spur the global markets upwards. Whether the crypto realm will follow suit remains to be seen.

Dogecoin price movement in the last 24 hours: Sideways grinding with a negative bias

For the past few days, the Google search trend for Dogecoin is on the decline. That’s because the cryptocurrency cannot shake off the downtrend, unlike most of the other altcoins. The pair has come down from $0.3608 to touch a low of $0.2808, which has dampened the spirits of DOGE bulls. The waning interest is evident from the common search queries related to Dogecoin.

Currently, the price is near $0.3040, which is well below the 50-day simple moving average. The same 50-day moving average at $0.3700 is fast turning into a long-term resistance. Dogecoin price analysis shows that the bulls have failed repeatedly to push prices above $0.3800. Throughout the May series, the pair has been unable to defend its vital support regions.

Most technical indicators, daily and weekly, have turned neutral due to the prolonged consolidation in the pair. The extended bearish sentiment will only cause a weak recovery in DOGE/USD. As per Dogecoin price analysis, the pair is likely to continue its consolidation near the $0.3000 level heading into the first week of June as per long-term Dogecoin price analysis.

DOGE/USD 4-hour chart: No clear signs from technical indicators

Dogecoin price analysis: Will Doge be the darling of speculators in June? 2
Dogecoin price chart by TradingView

The DOGE/USD hourly chart shows a strange mix of technical indicators. The price is trading sideways in small see-saw candles, which only confuse the matters further. Most notably, there is a bearish ‘Doji’ emerging on the long-term weekly Doge chart. Indicating further weakness in June.

Investors and traders are facing a dilemma as the DOGE/USD chart cannot steer past crucial resistances. A continuation of the downtrend will likely reflect on the charts with DOGE/USD pair breaking below $0.3000. Dogecoin price analysis reflects that the downward price channel will solidify the supports at $0.2800 first, and then at $0.2500 next. In the worst-case scenario, the June series can see the sellers bring the pair within close vicinity of $0.1 by breaking the descending price channel.

The month of June can, therefore, see DOGE test crucial support levels. In the absence of solid buying, the bears can increase selling intensity and push the volumes down further. Historically, the month of June has seen muted growth in cryptocurrencies. Such muted price action this June will only encourage the bears further to touch fresh new lows as per Dogecoin price analysis.

Dogecoin price analysis conclusion: June won’t change Doge’s fortunes much

Dogecoin remains a popular cryptocurrency despite the recent volatility. Despite a slight decline in popularity, the DOGE/USD pair still attracts new and experienced traders. Now and then, a few comments or tweets from Elon Musk do add a little bit of flair to the mix. Recently, he has suggested another use case scenario for Dogecoin.

Currently, traders should not trade in the long-term perspective. Instead, they should pick small resistances for long positions. As the May series ends, traders must focus on $0.3800 resistance before targeting $0.5000 to turn the negative tide against the bears. The support at $0.2700 should be observed as the volatility can spark new Dogecoin concerns.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Source: https://www.cryptopolitan.com/dogecoin-price-analysis-2021-05-30/

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Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling

She’ll still be a scary threat when the mid-to-late game rolls around.

The post Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling appeared first on Dot Esports.

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Many people know Lillia as League of Legends‘ resident Bashful Bloom in the jungle, where she has made a name for herself among pro play and solo queue play alike. However, Riot Games has detailed some changes for the champion that will pull back some power from her early game to make room for more durability and late game power.

Game designer Daniel “Maxw3ll” Emmons gave the players a general overview of some of the planned adjustments, which consisted of giving her Q ability a regeneration effect while dealing damage-over-time, while also getting more base damage, and an AP scaler.

On the other hand, the developers are looking to nerf how much movement speed Lillia gains from her Blooming Blows ability in the early portions of the game, while also increasing the cooldown on her Swirlseed. Her ability to whack people with her Q, then dance around them with her increased speed made her so annoying to deal with pre-level six. She will also be getting a nerf to her ultimate, Lilting Lullaby, but that change hasn’t been detailed just yet.

The goal for these changes is to make her more widespread towards solo queue, instead of just being a pro play focused champion. Currently, Lillia has a 42.7 percent win rate in ranks Platinum and above, according to Champion.GG, but she was one of the most played junglers in the LCS, LEC, LPL, and LCK during the 2021 Spring Split. By making her more durable, the early game clears will be a lot more forgiving for players who are as efficient with her movement speed and damage.

Lillia hasn’t seen much play during the start of the 2021 Summer Split across major regions, with junglers like Rumble, Xin Zhao, and Udyr rising up in priority again. It’ll be interesting to see if these adjustments will help her in terms of her success in solo queue as the changes settle in.

Source: https://dotesports.com/league-of-legends/news/riot-reveals-planned-changes-to-weaken-lillias-early-game-buff-durability-and-scaling

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Rocket League Championship Series X Championships begin tomorrow

Four regions, four brackets, $1 million.

The post Rocket League Championship Series X Championships begin tomorrow appeared first on Dot Esports.

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The Rocket League Championship Series (RLCS) X Championships are about to begin, with round one kicking off at 10am CT on June 15, with 16 teams competing for their share of $1 million in overall prizing.

Matches will run through June 20, with the final day featuring the European and North American finals. 

The event will take place over four different regions, EU, NA, Oceania, and South America, though Oceania and SA will only feature the two top teams from each region facing off in a single best-of-seven series. EU and NA will have six teams each, competing in a full playoff bracket. 

Here are all of the teams competing within each of the regional competitions. 

Europe

  • Team BDS
  • Team Vitality
  • Top Blokes
  • Guild Esports
  • Solary
  • Team Queso

North America

  • NRG Esports
  • Team Envy
  • Spacestation Gaming
  • Rogue
  • G2 Esports
  • FaZe Clan

Oceania

  • Ground Zero Gaming
  • Cringe Society

South America

  • True Neutral
  • FURIA

The SA and Oceania finals will run on June 19, with a special 3v3 show match scheduled to showcase some talented Japanese players acting as a break between the two. 

You can learn more about the tournament format, prizing, and the full schedule on the official Rocket League website. All of the matches will be streamed live on the main Rocket League Twitch channel.

Source: https://dotesports.com/rocket-league/news/rocket-league-championship-series-x-championships-begin-tomorrow

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Razer reveals AMD-based Blade 14 at E3 keynote

The best of both worlds.

The post Razer reveals AMD-based Blade 14 at E3 keynote appeared first on Dot Esports.

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After years of Intel-based releases, Razer unveiled its first AMD-powered laptop with the Blade 14 at E3 2021.

Razer is bringing back the Blade 14 after a lengthy three-year absence, and with it, a new partnership with AMD. The Blade 14 features an eight-core, 16-thread Ryzen 9 5900HX unlocked processor with a base clock of 3.3GHz that boosts up to 4.6GHz. AMD’s processors power some of the strongest gaming laptops on the market, like the Asus ROG Zephyrus G14 and ROG Strix series. The ROG Strix series features the HX-class processor found in the Blade 14, while the more comparable G14 features an HS-class processor.

Aside from its new partnership with AMD, Razer is implementing Nvidia’s RTX 3080 GPU and a 165Hz QHD display into the Blade 14. There are three different models of this laptop. The base version ships with the Ryzen 9 5900HX, an RTX 3060, and an FHD 144Hz display. Moving up the line, Razer offers two models with a 165Hz QHD display with the same 5900HX processor. The only difference between the two QHD models is one features the RTX 3070, and the other offers the RTX 3080.

Razer packs all of this power into an impressively slim 14-inch laptop that follows the same Blade design language fans have become accustomed to. Along with the familiar design comes a wide feature set including upgradable storage from 1TB, Chroma RGB, 16GB DDR4-3200MHz RAM, Wi-Fi 6E, Bluetooth 5.2, several USB connections, DisplayPort 1.4, and HDMI 2.1.

Each model of the Razer 14 runs $1,799, $2,199, and $2,799, respectively.

Despite its new partnership with AMD, Razer still offers its newest Intel-based Blade laptops.

The Blade 14 is available now. For more information, fans can visit the official Razer Store.

Source: https://dotesports.com/hardware/news/razer-reveals-amd-based-blade-14-at-e3-keynote

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