Rally

Bitcoin

Dogecoin

Resistance

Dogecoin is finding bids above the $0.0750 zone against the US Dollar. DOGE could gain bullish momentum if it clears the $0.0820 resistance zone. 
<ul> 
 <li>DOGE is showing positive signs above the $0.080 zone against the US dollar.</li> 
 <li>The price is trading above the $0.0795 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a key rising channel forming with support at $0.0795 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could start a recovery wave if it clears $0.0820 and $0.0850.</li> 
</ul> 
<h2 id="dogecoin-price-eyes-fresh-surge">Dogecoin Price Eyes Fresh Surge</h2> 
In the past few sessions, Dogecoin price remained well-bid above the $0.0750 zone. DOGE formed a base and recently started a recovery wave above $0.0780, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-regains-strength-45k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/all/ethereum-price-loses-steam-2330/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a decent move above the 23.6% Fib retracement level of the downward move from the $0.0924 swing high to the $0.0760 low. DOGE is now trading above the $0.080 level and the 100 simple moving average (4 hours). There is also a key rising channel forming with support at $0.0795 on the 4-hour chart of the DOGE/USD pair. 
On the upside, the price is facing resistance near the $0.0820 level. The next major resistance is near the $0.0842 level. It is close to the 50% Fib retracement level of the downward move from the $0.0924 swing high to the $0.0760 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-572246" src="https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449" alt="Dogecoin Price Prediction" width="1024" height="449" srcset="https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=1950 1950w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/01/Doegcoin-DOGE_1015dc.png?resize=1024%2C449?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener nofollow">DOGEUSD on TradingView.com</a> 
A close above the $0.0845 resistance might send the price toward the $0.090 resistance. The next major resistance is near $0.095. Any more gains might send the price toward the $0.105 level. 
<h2 id="another-decline-in-doge">Another Decline in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.0845 level, it could start a fresh decline. Initial support on the downside is near the $0.0780 level. 
The next major support is near the $0.0765 level. If there is a downside break below the $0.0765 support, the price could decline further. In the stated case, the price might decline toward the $0.0720 level. 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. 
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. 
Major Support Levels – $0.078, $0.0765, and $0.0750. 
Major Resistance Levels – $0.0820, $0.0845, and $0.0920.

Dogecoin Price Prediction – DOGE Bulls Aim For Fresh Rally To $0.095

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