Dogecoin

bullish

Resistance

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<p>Amid the growing bullish market, Dogecoin is sustaining its bullish trend and preparing for a new breakout rally. With buyers keeping the market price floating above the $0.40 mark, the chances of a bullish trend have significantly increased.&nbsp;</p>   
<p>With the broader market bounce back, the DOGE coin could witness a surge beyond the $0.50 psychological mark. So, will the biggest meme coin surpass this psychological barrier? Let's find out in our latest DOGE coin price analysis.</p>   
<h2 class="wp-block-heading" id="h-dogecoin-price-analysis">Dogecoin Price Analysis</h2>   
<p>In the 4-hour chart, the DOGE price action showcases a triangle pattern formation. This consolidation within the two converging trend lines comes after a massive overrun.&nbsp;</p>   
<p>Over the past 30 days, the DOGE price action has given substantial returns, driving the memecoin rally. The bullish rally now accounts for a price surge of nearly 175% over the last 30 days.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/04182324/image-5-1024x509.webp" alt="Dogecoin Price Analysis" class="wp-image-389173">
</figure>   
<p><a href="https://www.tradingview.com/x/2UdXoHRd/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Currently, the DOGE price action showcases a bounce back from the support trend line, creating two consecutive bullish candles. However, the DOGE price struggles to surpass the 50% Fibonacci level at $0.423.&nbsp;</p>   
<p>With a pullback of 1.04% over the last 4 hours, the supply pressure and the crucial Fibonacci resistance keep the bullish growth under check. However, the short-lived recovery rally resulted in a merger of the MACD and signal lines.&nbsp;</p>   
<p>With this, the indicator prepares for a bullish crossover if the uptrend survives. The 50% Fibonacci level breakout will challenge the overhead resistance trendline, attempting to break the triangle pattern.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-dogecoin-targets-0-50-breakout">Dogecoin Targets $0.50 Breakout.</h2>   
<p>Based on the Fibonacci levels, the triangle breakout rally will challenge the 78.60% Fibonacci level at $0.4553.&nbsp;</p>   
<p>The 52-week high is currently registered at $0.48078, and the breakout rally could surge to 1.272 Fibonacci level at $0.5113. This will result in a new 52-week high in DOGE coin prices and mark a significant milestone of surpassing the $0.50 psychological mark.&nbsp;</p>   
<p>Conversely, a breakdown below the local support trend line will test the 23.60% Fibonacci level at $0.39183. The rising 50 and 100 EMA lines in the 4-hour chart act as dynamic support levels.</p>   
<p>Read More: <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin Price Prediction 2024, 2025-2030.</a></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733316825933">
  <strong class="schema-faq-question">What is the current price trend for Dogecoin?</strong> 
  <p class="schema-faq-answer">Dogecoin consolidates within a triangle pattern and bounces off the support trend line. The price struggles to surpass the 50% Fibonacci level at $0.423.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733316829680">
  <strong class="schema-faq-question">What are Dogecoin's key resistance and support levels?</strong> 
  <p class="schema-faq-answer">Resistance lies at the 50% Fibonacci level ($0.423), with targets at $0.4553 and $0.5113. Key support levels are at $0.39183 and the rising 50 and 100 EMA lines.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733316830022">
  <strong class="schema-faq-question">What are the chances of Dogecoin breaking above $0.50?</strong> 
  <p class="schema-faq-answer">A triangle breakout supported by bullish technical indicators and rising EMA lines could push DOGE beyond the psychological level of $0.50, with the potential to hit $0.5113.</p> 
 </div> 
</div>

DOGE Price Eyes Triangle Breakout: Can It Surpass $0.50?

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