Rally

Solana

Bitcoin

Dogecoin

Resistance

Dogecoin is showing positive signs above the $0.0720 resistance against the US Dollar. DOGE could rally over 10% if it clears the $0.0765 resistance zone. 
<ul> 
 <li>DOGE started a decent increase above the $0.070 resistance against the US dollar.</li> 
 <li>The price is trading below the $0.0720 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bullish trend line forming with support near $0.0712 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could start a strong rally like Solana if it clears the $0.0765 resistance.</li> 
</ul> 
<h2 id="dogecoin-price-aims-key-upside-break">Dogecoin Price Aims Key Upside Break</h2> 
After forming a base above the $0.065 level, Dogecoin price started a fresh increase. DOGE broke the $0.0685 resistance zone to move into a positive zone, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-36k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-bullish-momentum-fades-1920/" target="_blank" rel="noopener ">Ethereum</a>. 
The bulls were able to push the price further above the $0.0720 resistance. However, the price failed to clear the $0.0765 resistance and corrected lower. There was a move below the $0.0740 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0655 swing low to the $0.0764 high. 
DOGE is now trading above the $0.072 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.0712 on the 4-hour chart of the DOGE/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $0.0655 swing low to the $0.0764 high. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-559656" src="https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468" alt="Dogecoin Price Prediction" width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/Doegcoin-DOGE.png?resize=1024%2C468?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 $0.0750 level. The first major resistance is near the $0.0765 level. A close above the $0.0765 resistance might send the price toward the $0.080 resistance. The next major resistance is near $0.0820. Any more gains might send the price toward the $0.085 level. 
<h2 id="are-dips-limited-in-doge">Are Dips Limited in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.0765 level, it could continue to move down. Initial support on the downside is near the $0.0720 level. 
The next major support is near the $0.0712 level and the trend line. If there is a downside break below the $0.0712 support, the price could decline further. In the stated case, the price might decline toward the $0.070 level or the 100 simple moving average (4 hours). 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now gaining 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 – $0.0720, $0.0712, and $0.0700. 
Major Resistance Levels – $0.0750, $0.0765, and $0.0850.

Dogecoin Price Prediction – DOGE Rally To $0.085 Seems Imminent

目录

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