Dogecoin

Resistance

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>Dogecoin observed a range-bound movement amidst the bullish outlook.</a></li>
 <li><span>2</span> <a>Buyers are attempting for a breakout, but failed to register.</a></li>
</ul>
<p>The Dogecoin price noticed a notable correction from the swing spot of $0.1050, signifying sideways activities. Afterward, the meme coin could not bounce beyond the primary hurdle of $0.0900, the range upper neckline. Amidst the bullish market sentiments, DOGE price dwelled in a narrow range, conveying low investor interest. The memecoin price failed to register a noteworthy bounce amid multiple attempts and endured in a range.</p>
<p>DOGE price prevailed above the key moving averages and glimpsed neutrality on the charts. However, the volatility rate of Dogecoin was pulled from 63 to 29%, indicating a downtrend, and investors are not showing their interest, resulting in a consolidation for the past weeks. Per the Fibonacci retracement zone, the meme-coin price stayed above the 23.6% zone, delivering a negative outlook.</p>
<p>The Dogecoin (DOGE) price was $0.08485 at press time, with an intraday gain of 0.71%, showing neutrality on the charts. Moreover, the trading volume has increased by 22.78% to $445.70 Million. The pair of DOGE/BTC is at 0.00000166 BTC, and the market cap is $11.96 Billion. Analysts are neutral and suggest that the Dogecoin (DOGE) price will continue to face selling pressure and may retest $0.06000 soon.</p>
<h2 class="wp-block-heading" id="strong-dogecoin-reveals-a-double-top-formation-can-it-trigger-another-selloff-strong"><strong>Dogecoin Reveals a Double Top Formation: Can It Trigger Another Selloff?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-1024x474.png" alt="Dogecoin Price Prediction: Can DOGE Spray Gains Beyond $0.0900?" class="wp-image-194180" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-373.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">DOGE/USD</a> Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>Dogecoin featured a double top pattern and glanced a rejection from the upper neckline of $0.09000, which was retested multiple times. Still, bulls could not surpass, signifying the sellers’ dominance. However, the DOGE price sustained gains above the 20-day EMA support zone, which tied the coin from any harsh selloff for the past sessions. If the DOGE price breaks the range low of $0.07500, it may activate another selloff and proceed to the lows of $0.06000 soon.</p>
<p>The Relative Strength Index (RSI) stays near 55, symbolizing a negative divergence and suggesting bearish sentiments for the upcoming sessions. However, the MACD indicator shows a convergence of the MA line with the signal line representing the uncertainty on the charts.</p>
<h2 class="wp-block-heading" id="strong-doge-exhibits-long-legged-bearish-doji-are-bulls-trapped-strong"><strong>DOGE Exhibits Long-Legged Bearish Doji: Are Bulls Trapped?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-1024x474.png" alt="Dogecoin Price Prediction: Can DOGE Spray Gains Beyond $0.0900?" class="wp-image-194181" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-374.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">DOGE/USD</a> Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>This week, <a href="https://www.thecoinrepublic.com/2024/02/16/could-dogecoin-boom-in-2024-heres-what-the-doge-charts-are-showing/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> noticed a bounce from the 50-day EMA mark and retested the range upper neckline of $0.0900, but an exceptional price move happened. Afterward, the meme coin spoiled the gains and displayed a rejection, denoting a long-legged doji candlestick conveying the sellers’ grip there. Any slippage below $0.08000 could trigger drastic fall, and buyers have persisted in preventing the breakdown for the past sessions, resulting in consolidation.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Dogecoin (DOGE) price failed to break the upper neckline of $0.0900 and glimpsed selling pressure in the last sessions. However, the selloff has not yet begun, but a negative outlook was glimpsed, which signifies fear among investors.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.08000 and $0.07800</p>
<p><strong>Resistance Levels:</strong>$0.09000 and $0.09800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Dogecoin Price Prediction: Can DOGE Spray Gains Beyond $0.0900?

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