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The post <a href="https://coinpedia.org/price-analysis/doge-sideways-breakout-for-traders-is-a-way-for-0-2/" rel="noopener noreferrer nofollow">DOGE Sideways Breakout For Traders Is A Way For $0.2</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Bitcoin bears are finally in control after a week, the cryptocurrency has bounced off lows from $56000 to currently at $64000. As the crypto market rebounded in the last 2 days, meme coins have also gained positive momentum.&nbsp;
Today’s top memecoins on Coinpedia are all green with DOGE up 3%, SHIB by 1.05%, PEPE 2.30%, BONK by 1%, and BOME up 2.80%
<h2 class="wp-block-heading" id="h-doge-coin-price-analysis-nbsp">DOGE Coin Price Analysis &nbsp;</h2>
The trailblazer of meme coins DOGE has reclaimed the $0.15 level and currently trading at USD 1.63. The 50-day SMA at $ 0.17 provides a glimpse into short-term trends, while the 200-day SMA at $ 0.11 offers a broader perspective. The overall SMA crossover is bearish with short-term and mid-term moving averages cross are bullish, and the long-term shows a bullish crossover.&nbsp;
Breaking the $1.63 resistance is giving a trend toward $1.7 resistance while creating new support levels at $0.145, $0.13, and $0.129.
<figure class="wp-block-image">
 <img src="https://lh7-us.googleusercontent.com/24T5t6OpGillfxDPfrsx0Ab4PZTDrZABgEuiji_hMGaknzs4VPy0ZWwQ5B2HFiJ1kiiNUMBmVFT1O1i8FQUTYPkPHAppPnFRSfdB8Kf-SUNpCXir9BgS1PCUtdsWweYPwdkPVIZPRx8Z6NBTZROdMOA" alt="">
</figure>
As per the chart above the Trade setup for swing traders is a perfect zone where the price is consolidating in the sideway channel ( $0,12- $0.16). With a stop loss level at $0,12, enter the trade at $0,12 and exit anywhere near $0.16. Trend believers can wait for the breakout in either way direction and swing traders can between support and resistance.&nbsp;
<h2 class="wp-block-heading" id="h-dogecoin-price-prediction">Dogecoin Price prediction</h2>
Tesla’s acceptance of Dogecoin has partly impacted the weekly growth by up to 12% and coin’s recent effort to surpass the $0,16 set a positive impact. The Onchain data chart is also spiked with active addresses crossing 6.40 million and a market cap of 23 Billion USD.&nbsp;
With Continued growing interest and increasing social volume DOGE coins is expected to hit $0.2 this week. Keep an eye on the breakout above $0.17 for the next spike.

DOGE Sideways Breakout For Traders Is A Way For $0.2

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