Dogecoin

Bitcoin

Resistance

Dogecoin started a steady increase above the $0.1320 resistance zone against the US Dollar. DOGE is consolidating and might extend its gains above $0.150. 
<ul> 
 <li>DOGE price is eyeing more gains above the $0.150 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 bullish trend line forming with support at $0.1345 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 $0.1420 resistance zone.</li> 
</ul> 
<h2 id="dogecoin-price-regains-strength-more-upsides-ahead">Dogecoin Price Regains Strength, More Upsides Ahead?</h2> 
In the past few days, Dogecoin price saw a decent increase above the $0.1150 level. DOGE cleared the $0.1250 resistance to move into a positive zone like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-66k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-battles-3550/" target="_blank" rel="noopener ">Ethereum</a>. The price even climbed above the $0.1320 level and the 100-hourly simple moving average. 
A high was formed at $0.1437 and the price is now consolidating gains. There was a minor decline below the $0.140 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1260 swing low to the $0.1437 high. 
Dogecoin is now trading above the $0.1320 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1345 on the hourly chart of the DOGE/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.1260 swing low to the $0.1437 high. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-631036 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
If there is a fresh increase, the price might face resistance near the $0.1420 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.150 resistance. Any more gains might send the price toward the $0.1650 level. The next major stop for the bulls might be $0.1720. 
<h2 id="are-dips-supported-in-doge">Are Dips Supported In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1420 level, it could start a downside correction. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1320 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 $0.1150 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 – $0.1365 and $0.1320. 
Major Resistance Levels – $0.1420 and $0.1500.

Dogecoin Price (DOGE) Bulls Target $0.15 Breakout: Can They Succeed?

Innehållsförteckning

NewsBTC

Andra artiklar publicerade 23 juli 2024

Bitcoin ETF Inflow Extremely Active in July With Over $41,000 BTC Accumulated

MOONHOP’s Presale Inches Closer to $1M Milestone in Stage 1; Insights on BONK’s Potential & Pepe ...

Hamster Kombat Daily Combo Code for 24 July 2024

Koreans trade MEW meme token more than Bitcoin (BTC)

South Korea’s FSC Chair Questions Viability of Cryptocurrency Superseding Legal Tender

Swan Bitcoin Cancels IPO Plans After Mining Division Closure

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!