Dogecoin Price Prediction – DOGE Pump To $0.12 Seems Imminent
15 Fevereiro 2024 - 1:47AM
NEWSBTC
Dogecoin is gaining pace above the $0.085 zone against the US
Dollar. DOGE could start a fresh rally above the $0.088 and $0.095
resistance levels. DOGE is showing positive signs above the $0.085
zone against the US dollar. The price is trading above the $0.0865
level and the 100 simple moving average (4 hours). There was a
break above a key contracting triangle with resistance at $0.0820
on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
The price could extend its rally above the $0.088 and $0.095
resistance levels. Dogecoin Price Turns Green In the past few
sessions, Dogecoin price started a decent increase from the $0.080
support zone. DOGE cleared many hurdles near $0.0820 to enter a
positive zone. There was a break above a key contracting triangle
with resistance at $0.0820 on the 4-hour chart of the DOGE/USD
pair. It even broke the $0.0850 resistance, but the upsides were
less than Bitcoin and Ethereum. A high is formed near $0.0883 and
the price is now consolidating gains. It is trading above the 23.6%
Fib retracement level of the recent increase from the $0.0795 swing
low to the $0.0883 high. DOGE is also trading above the $0.0865
level and the 100 simple moving average (4 hours). Source: DOGEUSD
on TradingView.com On the upside, the price is facing resistance
near the $0.0880 level. The next major resistance is near the
$0.0920 level. A close above the $0.0920 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. Downside Correction in DOGE? If DOGE’s price fails to gain
pace above the $0.0880 level, it could start a downside correction.
Initial support on the downside is near the $0.0860 level. The next
major support is near the $0.0840 level or the 50% Fib retracement
level of the recent increase from the $0.0795 swing low to the
$0.0883 high. If there is a downside break below the $0.0840
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 – $0.086,
$0.084, and $0.082. Major Resistance Levels – $0.088, $0.092, and
$0.10.
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024