{"id":12075,"date":"2022-11-16T08:54:14","date_gmt":"2022-11-16T12:54:14","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12075"},"modified":"2022-11-16T08:54:14","modified_gmt":"2022-11-16T12:54:14","slug":"dogecoin-doge-prints-bullish-pattern-why-it-could-surge-to-0-11","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/16\/dogecoin-doge-prints-bullish-pattern-why-it-could-surge-to-0-11\/","title":{"rendered":"Dogecoin (DOGE) Prints Bullish Pattern, Why It Could Surge to $0.11"},"content":{"rendered":"

Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance.<\/em><\/p>\n

DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar.
\nThe price is trading well below the $0.110 zone and the 100 simple moving average (4-hours).
\nThere was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair must stay above the $0.070 support zone to avoid more losses.<\/p>\n

Dogecoin Price Aims Fresh Increase<\/h2>\n

In the past few days, dogecoin saw a major decline from well above the $0.14 level. DOGE declined below the $0.12 and $0.10 support levels, similar bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price even broke the $0.085 support and tested the $0.07 support zone. A low was formed near $0.0699 before the bulls took a stand. The price formed a base above the $0.07 level and recently started a recovery wave.<\/p>\n

There was a move above the $0.075 and $0.080 levels. Besides, there was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE\/USD pair. The price is now trading well below the $0.110 zone and the 100 simple moving average (4-hours).<\/p>\n

On the upside, the price is facing resistance near the $0.0915 level. It is near the 23.6% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low.<\/p>\n

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

Source: DOGEUSD on TradingView.com<\/a><\/p>\n

The first major resistance is near the $0.1100 level and the 100 simple moving average (4-hours). Any more gains above the $0.1100 zone could encourage the bulls to aim a test the 50% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low at $0.115.<\/p>\n

Fresh Decline in DOGE?<\/h2>\n

If DOGE price fails to gain pace above the $0.10 level, it could start another decline. An initial support on the downside is near the $0.0820 level.<\/p>\n

The next major support is near the $0.070 level. If there is a downside break below the $0.070 support, the price could decline further. The main support is near the $0.0500 level. Any more losses could open the doors for a move towards the $0.0450 level.<\/p>\n

Technical Indicators<\/p>\n

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

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0850, $0.0800 and $0.0700.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.1000 and $0.1100.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance.<\/em><\/p>\n

DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar.
\nThe price is trading well below the $0.110 zone and the 100 simple moving average (4-hours).
\nThere was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair must stay above the $0.070 support zone to avoid more losses.<\/p>\n

Dogecoin Price Aims Fresh Increase<\/h2>\n

In the past few days, dogecoin saw a major decline from well above the $0.14 level. DOGE declined below the $0.12 and $0.10 support levels, similar bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price even broke the $0.085 support and tested the $0.07 support zone. A low was formed near $0.0699 before the bulls took a stand. The price formed a base above the $0.07 level and recently started a recovery wave.<\/p>\n

There was a move above the $0.075 and $0.080 levels. Besides, there was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE\/USD pair. The price is now trading well below the $0.110 zone and the 100 simple moving average (4-hours).<\/p>\n

On the upside, the price is facing resistance near the $0.0915 level. It is near the 23.6% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low.<\/p>\n

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

Source: DOGEUSD on TradingView.com<\/a><\/p>\n

The first major resistance is near the $0.1100 level and the 100 simple moving average (4-hours). Any more gains above the $0.1100 zone could encourage the bulls to aim a test the 50% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low at $0.115.<\/p>\n

Fresh Decline in DOGE?<\/h2>\n

If DOGE price fails to gain pace above the $0.10 level, it could start another decline. An initial support on the downside is near the $0.0820 level.<\/p>\n

The next major support is near the $0.070 level. If there is a downside break below the $0.070 support, the price could decline further. The main support is near the $0.0500 level. Any more losses could open the doors for a move towards the $0.0450 level.<\/p>\n

Technical Indicators<\/p>\n

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

4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0850, $0.0800 and $0.0700.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.1000 and $0.1100.<\/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-12075","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\/12075","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=12075"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12075\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12075"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}