Dogecoin

bullish

Bitcoin

Resistance

Dogecoin started a steady increase from the $0.1280 zone against the US Dollar. DOGE could gain pace if it clears the $0.1360 resistance zone. 
<ul> 
 <li>DOGE price is eyeing more gains above the $0.1350 resistance zone.</li> 
 <li>The price is trading above the $0.1320 level and the 100-hourly simple moving average.</li> 
 <li>There is a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could continue to move up if it clears the $0.1360 resistance zone.</li> 
</ul> 
<h2 id="dogecoin-price-eyes-upside-break-can-it-follow-bitcoin-s-rise">Dogecoin Price Eyes Upside Break, Can It Follow Bitcoin’s Rise?</h2> 
After a short-term pullback, Dogecoin price found support near the $0.1280 zone. A low was formed at $0.1282 and DOGE price is now rising. There was a move above the $0.130 resistance zone. 
The price surpassed the 50% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. However, DOGE is well behind <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-pump-70k/" target="_blank" rel="noopener ">Bitcoin</a> since the latter was able to clear the $68,800 resistance zone. 
Dogecoin is now trading above the $0.1320 level and the <a href="https://www.newsbtc.com/analysis/dogecoin-price-doge-bulls-0-15/" target="_blank" rel="noopener ">100-hourly simple moving average</a>. Immediate resistance on the upside is near the $0.1345 level. The next major resistance is near the $0.1360 level. There is also a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair. The trend line is close to the 76.4% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-631969 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_6db34e.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
A close above the $0.1360 resistance might send the price toward the $0.1420 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1650. 
<h2 id="are-dips-limited-in-doge">Are Dips Limited In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1360 level, it could start a downside correction. Initial support on the downside is near the $0.1320 level. The next major support is near the $0.1300 level. 
The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might decline toward the $0.1145 level. 
Technical Indicators 
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. 
Major Support Levels – $0.1320 and $0.1280. 
Major Resistance Levels – $0.1360 and $0.1420.

Dogecoin Price (DOGE) Eyes Impressive Gains: Will It Break Through?

Съдържание

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