Momentum

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Resistance

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-struggles-to-overcome-key-resistance-levels/" data-wpel-link="internal">Dogecoin Struggles to Overcome Key Resistance Levels</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/elon-musktan-bir-dogecoin-hamlesi-daha-yazilan-yorum-ne-anlama-geliyor" data-wpel-link="internal">Dogecoin</a> seems to be entering a volatile period against the dollar. The <a href="https://coin-turk.com/nem-nedir-nasil-calisir-nereden-alinir" data-wpel-link="internal">cryptocurrency</a> has experienced a recovery wave above the $0.150 resistance area and is now trying to overcome a resistance zone at $0.170, though it has not yet succeeded. What are the key levels that <a href="https://en.coin-turk.com/dogecoin-price-movement-reflects-2020-patterns/" data-wpel-link="internal">Dogecoin</a> investors should watch?</p> 
<h2 style="text-align: justify" id="dogecoin-tries-to-recover">Dogecoin Tries to Recover</h2> 
<p style="text-align: justify">With a recovery wave from the $0.1280 support level, <strong><a href="https://coin-turk.com/bu-hamle-dogecoin-doge-icin-yeterli-olur-mu" data-wpel-link="internal">DOGE</a></strong> is trading above $0.1500 and also above the 100 simple moving average. However, it is important to note that it is struggling to surpass the $0.170 resistance zone.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-342916 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/dogecoin-coin-turk-com-1-1.png" alt="" width="1849" height="802"></p> 
<p style="text-align: justify">In the 4-hour chart of the <a href="https://en.coin-turk.com/understanding-the-current-surge-in-dogecoin-and-its-market-dynamics/" data-wpel-link="internal">DOGE</a>/USD pair, there is a significant downtrend line set by the $0.170 resistance. The price needs to overcome this resistance to move into a positive area and start a new fluctuation.</p> 
<h2 style="text-align: justify" id="dogecoin-encounters-obstacles">Dogecoin Encounters Obstacles</h2> 
<p style="text-align: justify">Dogecoin, reigning as the king in the meme coin world, still faces some obstacles. Particularly, the recovery wave from the $0.1280 support level is still under the influence of bears. However, the cryptocurrency has managed to rise above the resistance levels of $0.1350 and $0.140.</p> 
<p style="text-align: justify"><strong>Dogecoin</strong> is currently trading below the $0.1650 level and the 100 simple moving average. It may encounter resistance near the $0.1690 level during upward movements.</p> 
<h2 style="text-align: justify" id="if-doge-s-rise-fails">If DOGE’s Rise Fails</h2> 
<p style="text-align: justify">DOGE’s price is struggling to stabilize above the $0.170 level. If this situation continues, the next step could be a downward decline. The first support level downward is around $0.1525.</p> 
<p style="text-align: justify">Below this level, there is another support at $0.1475. However, if the critical support level of $0.1475 experiences a downward break, the price could fall further. In this scenario, a retreat to the $0.1280 levels is expected for DOGE.</p> 
<h2 style="text-align: justify" id="technical-indicators-show-rising-momentum">Technical Indicators Show Rising Momentum</h2> 
<p style="text-align: justify"><strong>DOGE</strong>/USD pair’s 4-hour MACD is currently gaining momentum in the bullish zone. This could be interpreted as an indicator of a possible price rise.</p> 
<p style="text-align: justify">Similarly, the 4-hour RSI (Relative Strength Index) for the DOGE/USD pair is also trending above the 50 level. This indicates a potential upward trend in price.</p> 
<p style="text-align: justify"><strong>DOGE</strong> has set support levels at $0.1525, $0.1475, and $0.1280. On the other hand, resistance levels are observed at $0.1690, $0.1700, and $0.200.</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-struggles-to-overcome-key-resistance-levels/" data-wpel-link="internal">Dogecoin Struggles to Overcome Key Resistance Levels</a></h5>

Dogecoin Struggles to Overcome Key Resistance Levels

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