Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?
25 Outubro 2024 - 2:18AM
NEWSBTC
Dogecoin is consolidating above the $0.1320 support zone against
the US Dollar. DOGE must clear the $0.1425 resistance to start
another increase. DOGE price started a downside correction from the
$0.1500 resistance level. The price is trading below the $0.1420
level and the 100-hourly simple moving average. There is a key
bearish trend line forming with resistance at $0.1425 on the hourly
chart of the DOGE/USD pair (data source from Kraken). The price
could gain bullish momentum if it clears the $0.1425 and $0.1450
resistance levels. Dogecoin Price Eyes Upside Break Dogecoin price
started a downside correction from the $0.1500 resistance zone.
DOGE dipped below $0.1450 and $0.1420 levels. A low was formed at
$0.1330 and the price is now recovering losses like Bitcoin and
Ethereum. There was also a move above the $0.1350 and $0.1380
resistance levels. The price surpassed the 50% Fib retracement
level of the downward move from the $0.1482 swing high to the
$0.1330 low. However, the bears are active near the $0.1425
resistance zone. There is also a key bearish trend line forming
with resistance at $0.1425 on the hourly chart of the DOGE/USD
pair. The trend line is close to the 61.8% Fib retracement level of
the downward move from the $0.1482 swing high to the $0.1330 low.
Dogecoin price is now trading below the $0.1420 level and the
100-hourly simple moving average. Immediate resistance on the
upside is near the $0.1425 level. The next major resistance is near
the $0.1450 level. A close above the $0.1450 resistance might send
the price toward the $0.1500 resistance. Any more gains might send
the price toward the $0.1550 level. The next major stop for the
bulls might be $0.1585. Another Decline In DOGE? If DOGE’s price
fails to climb above the $0.1425 level, it could start another
decline. Initial support on the downside is near the $0.1365 level.
The next major support is near the $0.1350 level. The main support
sits at $0.1320. If there is a downside break below the $0.1320
support, the price could decline further. In the stated case, the
price might decline toward the $0.1250 level or even $0.1220 in the
near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD
is now losing momentum in the bullish zone. Hourly RSI (Relative
Strength Index) – The RSI for DOGE/USD is now near the 50 level.
Major Support Levels – $0.1365 and $0.1320. Major Resistance Levels
– $0.1425 and $0.1450.
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024