Bitcoin

Dogecoin

Resistance

Dogecoin is showing bullish signs above the $0.0875 zone against the US Dollar. DOGE could extend its rally toward the $0.100 resistance in the near term. 
<ul> 
 <li>DOGE is showing positive signs above the $0.0875 zone against the US dollar.</li> 
 <li>The price is trading above the $0.0880 level and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could extend its rally above the $0.090 and $0.092 resistance levels.</li> 
</ul> 
<h2 id="dogecoin-price-aims-higher">Dogecoin Price Aims Higher</h2> 
In the past few sessions, Dogecoin price started a <a href="https://www.newsbtc.com/analysis/doge/dogecoin-price-prediction-doge-pump-to-0-12/" target="_blank" rel="noopener ">decent increase</a> from the $0.082 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone. 
There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair. It even broke the $0.0880 resistance to move further into a positive zone like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-52500/" target="_blank" rel="noopener ">Bitcoin</a> and Ethereum. A high was formed near $0.0914 and the price is now correcting gains. 
There was a move below the 23.6% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. DOGE is also trading above the $0.0875 level and the 100 simple moving average (4 hours). 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-575928" src="https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461" alt="Dogecoin Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/02/Doegcoin-DOGE_63fadb.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener nofollow">DOGEUSD on TradingView.com</a> 
On the upside, the price is facing resistance near the $0.0892 level. The next major resistance is near the $0.0915 level. A close above the $0.0915 resistance might send the price toward the $0.095 resistance. The next major resistance is near $0.100. Any more gains might send the price toward the $0.120 level. 
<h2 id="downside-correction-in-doge">Downside Correction in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.0915 level, it could start a downside correction. Initial support on the downside is near the $0.0865 level. 
The next major support is near the $0.0855 level or the 61.8% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. If there is a downside break below the $0.0855 support, the price could decline further. In the stated case, the price might decline toward the $0.0820 level. 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. 
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. 
Major Support Levels – $0.0865, $0.0855 and $0.0820. 
Major Resistance Levels – $0.0915, $0.095, and $0.10.

Dogecoin Price Prediction – DOGE Signals Bullish Break, Bulls Aims For $0.10

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Ďalšie články zverejnené 20. 2. 2024

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