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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-faces-a-challenging-test-in-the-volatile-crypto-market/" data-wpel-link="internal">Dogecoin Faces a Challenging Test in the Volatile Crypto Market</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/abd-sec-dava-acar-mi-dogecoin-doge-menkul-kiymet-mi" data-wpel-link="internal">Dogecoin</a></strong>, has recently experienced a noticeable recovery against the dollar. Starting from the level of $0.1220, <a href="https://en.coin-turk.com/dogecoin-technical-analysis-overview/" data-wpel-link="internal">DOGE</a> is trying to gain upward momentum, and it must pass a test by breaking through significant resistance levels to trigger an increase toward $0.200. So, what does this test include for DOGE?</p> 
<h2 style="text-align: justify" id="volatility-proves-to-be-a-tough-test-for-dogecoin">Volatility Proves to Be a Tough Test for Dogecoin</h2> 
<p style="text-align: justify">The volatility in the cryptocurrency markets indicated a challenging period for <a href="https://en.coin-turk.com/elon-musks-legal-battle-with-dogecoin-investors-takes-a-new-turn/" data-wpel-link="internal">Dogecoin</a> as well. However, a solid base formed at the support level of $0.1220. DOGE, along with leading cryptocurrencies such as <a href="https://coin-turk.com/bitcoin-ve-kriptoyu-onumuzdeki-3-gun-boyunca-bekleyenler" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/unlu-isimden-heyecanlandiran-bitcoin-ve-ethereum-tahmini-ralli-devam-edecek-mi" data-wpel-link="internal">Ethereum</a>, has recently initiated a strong recovery wave.</p> 
<p style="text-align: justify">Currently, a significant breakout occurred on the 4-hour chart of the DOGE/USD pair, and momentum was observed above the $0.1310 resistance level. However, Dogecoin is still trading below the $0.1650 level and the 100 simple moving average, posing a barrier to short-term gains.</p> 
<p style="text-align: justify">Upon evaluation, Dogecoin needs to rise above the $0.160 level and, more importantly, surpass the $0.1650 resistance. In this case, we could see DOGE embark on a journey towards the $0.1850 target.</p> 
<p style="text-align: justify">However, for a larger gain, a resistance around $0.200 needs to be broken. If Dogecoin can surpass this level, a move towards higher levels like $0.220 could be possible.</p> 
<h2 style="text-align: justify" id="potential-downward-movement-for-doge">Potential Downward Movement for DOGE</h2> 
<p style="text-align: justify">If DOGE’s price fails to gain momentum above the $0.160 level, it could enter a downtrend. In this case, the first support point for the downward movement would be around $0.1450. However, if a deeper decline occurs, the next critical support level is determined to be around $0.130. If a breakdown occurs below this level, the price could fall further. In this scenario, DOGE’s price could drop to as low as $0.1150.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-331104 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-usdt-coin-turk-com-1-1.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">According to technical indicators, the 4-hour MACD is giving a bullish signal for the DOGE/USD pair and appears to be gaining momentum. Similarly, the 4-hour RSI is trending above the 50 level. This could be interpreted as a sign of short-term optimism.</p> 
<p style="text-align: justify">The main support levels that investors should pay attention to are $0.1450, $0.130, and $0.1150. On the other hand, the recorded resistance levels are $0.1580, $0.160, and $0.1650.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-faces-a-challenging-test-in-the-volatile-crypto-market/" data-wpel-link="internal">Dogecoin Faces a Challenging Test in the Volatile Crypto Market</a></h5>

Dogecoin Faces a Challenging Test in the Volatile Crypto Market

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