{"id":10918,"date":"2022-10-31T09:54:35","date_gmt":"2022-10-31T13:54:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=10918"},"modified":"2022-10-31T09:54:35","modified_gmt":"2022-10-31T13:54:35","slug":"dogecoin-doge-mammoth-rally-takes-break-why-dips-turned-attractive","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/10\/31\/dogecoin-doge-mammoth-rally-takes-break-why-dips-turned-attractive\/","title":{"rendered":"Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive"},"content":{"rendered":"

Dogecoin surged over 100% and broke $0.12 against the US Dollar. DOGE is correcting gains, but dips might be limited below the $0.10 level.<\/em><\/p>\n

DOGE extended its rally and it cleared the $0.1000 and $0.1200 resistance levels against the US dollar.
\nThe price is trading well above the $0.1000 zone and the 100-day simple moving average.
\nThere was a break above a major bearish trend line with resistance near $0.070 on the daily chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair is correcting gains, but the bulls might remain active near the $0.10 zone.<\/p>\n

Dogecoin Rallies To New Multi-Week High<\/h2>\n

This past week, dogecoin saw a strong bullish wave from the $0.055 support zone. DOGE rallied significantly above the $0.070 resistance, outpacing bitcoin<\/a> and ethereum<\/a>.<\/p>\n

There was a break above a major bearish trend line with resistance near $0.070 on the daily chart of the DOGE\/USD pair. The pair rallied over 100% and broke many hurdles near the $0.10 level. It even climbed above $0.12 and traded as high as $0.1513.<\/p>\n

Recently, it started a downside correction below the $0.135 level. The price traded below the 23.6% Fib retracement level of the recent surge from the $0.0551 swing low to $0.1513 high.<\/p>\n

However, the price is trading well above the $0.1000 zone and the 100-day simple moving average. An initial support is near the $0.1100 level. The first key support is near the $0.1000 level. It is close to the 50% Fib retracement level of the recent surge from the $0.0551 swing low to $0.1513 high.<\/p>\n

<\/a><\/p>\n

If there is a downside break below the $0.1000 support, the price could correct further. The main support is forming near the $0.0920 and $0.0900 levels. Any more losses could open the doors for a move towards the $0.0800 level.<\/p>\n

More Gains in DOGE?<\/h2>\n

If DOGE price remains stable above the $0.1000 support, there are chances of more gains. An initial resistance on the upside is near the $0.1250 level.<\/p>\n

The first major resistance is near the $0.1320 level. Any more gains above the $0.1320 zone could encourage the bulls to aim a test the important $0.15 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.1100, $0.1100 and $0.0920.<\/p>\n

Major Resistance Levels \u2013 $0.1250, $0.1320 and $0.1500.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin surged over 100% and broke $0.12 against the US Dollar. DOGE is correcting gains, but dips might be limited below the $0.10 level.<\/em><\/p>\n

DOGE extended its rally and it cleared the $0.1000 and $0.1200 resistance levels against the US dollar.
\nThe price is trading well above the $0.1000 zone and the 100-day simple moving average.
\nThere was a break above a major bearish trend line with resistance near $0.070 on the daily chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair is correcting gains, but the bulls might remain active near the $0.10 zone.<\/p>\n

Dogecoin Rallies To New Multi-Week High<\/h2>\n

This past week, dogecoin saw a strong bullish wave from the $0.055 support zone. DOGE rallied significantly above the $0.070 resistance, outpacing bitcoin<\/a> and ethereum<\/a>.<\/p>\n

There was a break above a major bearish trend line with resistance near $0.070 on the daily chart of the DOGE\/USD pair. The pair rallied over 100% and broke many hurdles near the $0.10 level. It even climbed above $0.12 and traded as high as $0.1513.<\/p>\n

Recently, it started a downside correction below the $0.135 level. The price traded below the 23.6% Fib retracement level of the recent surge from the $0.0551 swing low to $0.1513 high.<\/p>\n

However, the price is trading well above the $0.1000 zone and the 100-day simple moving average. An initial support is near the $0.1100 level. The first key support is near the $0.1000 level. It is close to the 50% Fib retracement level of the recent surge from the $0.0551 swing low to $0.1513 high.<\/p>\n

<\/a><\/p>\n

If there is a downside break below the $0.1000 support, the price could correct further. The main support is forming near the $0.0920 and $0.0900 levels. Any more losses could open the doors for a move towards the $0.0800 level.<\/p>\n

More Gains in DOGE?<\/h2>\n

If DOGE price remains stable above the $0.1000 support, there are chances of more gains. An initial resistance on the upside is near the $0.1250 level.<\/p>\n

The first major resistance is near the $0.1320 level. Any more gains above the $0.1320 zone could encourage the bulls to aim a test the important $0.15 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the overbought zone.<\/p>\n

Major Support Levels \u2013 $0.1100, $0.1100 and $0.0920.<\/p>\n

Major Resistance Levels \u2013 $0.1250, $0.1320 and $0.1500.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10918","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10918"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10918\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10918"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}