Dogecoin and other competitive coins

Coinbase retail users can now sell Dogecoin, buy and store on the stock exchange, the company announced in a blog, and the dogecoin promotion of 1.2 million dollars is being launched to arouse interest. Investors who decide to buy Dogecoin worth $ 100 will be eligible for the promotion.
Coinbase has launched informative websites about Dogecoin and a section that deals with frequently asked questions about cryptocurrency.
Earlier this week, the company announced adding a meme-based cryptocurrency to its professional trading platform, Coinbase Pro.
The crypto exchange usually adds cryptocurrencies to its retail platform a few weeks after the first listing in the professional version.
Dogecoin (DOGE), now the 7th largest cryptocurrency, seems to have launched a whole mem coin revolution. Currently, there are a handful of ridiculously named mem-cryptos that appear in response to the success of Dogecoin, and some of them, such as Pussy Financial (PUSSY), have successfully attracted the interest of investors. Although Shiba Inu (SHIB) is one of the most talked-about dogs, other speculative dog meme tokens are floating in the crypto space apart from DOGE.
Another such coin is the Shih Tzu, named after the Asian breed of toy dog originating from Tibet.
hiba Token is advertised as the “killer of Dogecoin” and seems to exist with the main purpose of beating DOGE as the meme coin of choice. This is less creative underpinning compared to other meme projects. Other than this, Shiba Inu (SHIB) has no known utility cases other than being a speculation vehicle.

Looking at the chart on the four-hour time frame, we see that Dogecoin encountered an obstacle at 38.2% Fibonacci level and in the moving average of the MA200. The shorter pullback lowered the price from 0.44700 to the current 0.36800. We are now looking for price support in the moving average of MA50 and 23.6% Fibonacci level, hoping that they will last and push the price towards higher levels on the chart. Let’s look at the MACD indicator, and we have a pure bearish signal, which indicates the weakness of the price of Dogecoin at this current level, directing our views in the zone 0.25000-0.30000.