Dogecoin

Future

Momentum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-faces-uncertain-future-as-price-struggles-to-gain-momentum/" data-wpel-link="internal">Dogecoin Faces Uncertain Future as Price Struggles to Gain Momentum</a><br></p>
<p style="text-align: justify">Popular meme coin <strong>Dogecoin</strong> (<a href="https://en.coin-turk.com/dogecoin-maintains-support-level-despite-market-downturn/" data-wpel-link="internal">DOGE</a>) has been unable to achieve the anticipated surge for some time. Currently, DOGE is struggling to gain momentum above the $0.1540 level, making its <a href="https://newslinker.co/" data-wpel-link="exclude">future</a> appear uncertain. Dogecoin has recently corrected its gains and tested the $0.150 level against the dollar. Currently, DOGE seems to be forming a base and preparing for a new rise above $0.1520. So, what should <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> do in this situation?</p> 
<h2 style="text-align: justify" id="doge-price-in-correction-phase">DOGE Price in Correction Phase</h2> 
<p style="text-align: justify">DOGE price experienced a rapid rise to $0.160 before correcting its gains. However, with the recent correction movement, consolidation occurred above the $0.150 level. We even observe that the price is trading above the $0.150 level. This situation provides some stability in Dogecoin’s short-term outlook.</p> 
<p style="text-align: justify">An important point to consider in <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">technical analysis</a> is the upward trend line formed with $0.1485 support in the four-hour chart of the <strong>DOGE/USD</strong> pair. This trend line acts as a support point when the price declines and can currently be considered a positive sign.</p> 
<p style="text-align: justify">However, for Dogecoin to start a new rise, the price needs to surpass $0.1540. If this level is exceeded, a new wave of price movement could likely begin.</p> 
<h2 style="text-align: justify" id="more-losses-ahead-for-dogecoin">More Losses Ahead for Dogecoin</h2> 
<p style="text-align: justify">Currently, when examining the technical analysis of DOGE, it is indicated that if the price falls below the $0.150 level, more losses could occur. A break below this level could trigger a decline towards the $0.1445 support level. Furthermore, in this case, the price is expected to retreat to the $0.1350 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-352359 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/DOGEUSDT.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">Looking at technical indicators, the four-hour <strong>MACD</strong> is losing momentum in the bearish zone for DOGE/USD. This situation could indicate a possible price decline. However, the four-hour RSI is currently above the 50 level. This could still indicate a potential price recovery.</p> 
<p style="text-align: justify">Another important point for investors is the resistance levels. The main resistance levels for DOGE/USD are set at $0.1515, $0.1540, and $0.1600. Surpassing these levels could be the start of an upward momentum and a positive sign for investors.</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-uncertain-future-as-price-struggles-to-gain-momentum/" data-wpel-link="internal">Dogecoin Faces Uncertain Future as Price Struggles to Gain Momentum</a></h5>

Dogecoin Faces Uncertain Future as Price Struggles to Gain Momentum

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