{"id":12853,"date":"2022-11-28T11:52:58","date_gmt":"2022-11-28T15:52:58","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12853"},"modified":"2022-11-28T11:52:58","modified_gmt":"2022-11-28T15:52:58","slug":"dogecoin-price-prediction-fresh-rally-likely-if-doge-holds-this-support","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/28\/dogecoin-price-prediction-fresh-rally-likely-if-doge-holds-this-support\/","title":{"rendered":"Dogecoin Price Prediction: Fresh Rally Likely If DOGE Holds This Support"},"content":{"rendered":"

Dogecoin rallied towards the $0.108 level against the US Dollar. DOGE is correcting gains and approaching a major support at $0.090.<\/em><\/p>\n

DOGE started a downside correction from the $0.1080 resistance against the US dollar.
\nThe price is trading well above the $0.0850 zone and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair must stay above the $0.088 support zone to start a fresh rally.<\/p>\n

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

In the past few days, dogecoin saw a major increase above the $0.0850 resistance zone. DOGE climbed above the $0.0920 and $0.0950 resistance levels, outpacing bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price even jumped above the $0.100 resistance and settled above the 100 simple moving average (4-hours). However, the bears took a stand near the $0.1080 resistance zone. A high was formed near $0.1077 and the price started a downside correction.<\/p>\n

Doge price corrected lower below the $0.100 support. There was a move below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to $0.1077 high.<\/p>\n

It is now trading well above the $0.0850 zone and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0980 level.<\/p>\n

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

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

The first major resistance is near the $0.1000 level. Any more gains above the $0.1000 zone could encourage the bulls to aim a retest of $0.1080. If they push the price above $0.1080, there could be a rally towards the $0.120 level.<\/p>\n

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

If DOGE price fails to gain pace above the $0.10 level, it could continue to move down. An initial support on the downside is near the $0.0920 level.<\/p>\n

The next major support is near the $0.090 level and the trend line. If there is a downside break below the $0.0960 support, the price could decline further. The main support is near the $0.0850 level. Any more losses could open the doors for a move towards the $0.0780 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0900, $0.0880 and $0.0850.<\/p>\n

Major Resistance Levels \u2013 $0.0980, $0.1000 and $0.1080.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin rallied towards the $0.108 level against the US Dollar. DOGE is correcting gains and approaching a major support at $0.090.<\/em><\/p>\n

DOGE started a downside correction from the $0.1080 resistance against the US dollar.
\nThe price is trading well above the $0.0850 zone and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair must stay above the $0.088 support zone to start a fresh rally.<\/p>\n

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

In the past few days, dogecoin saw a major increase above the $0.0850 resistance zone. DOGE climbed above the $0.0920 and $0.0950 resistance levels, outpacing bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price even jumped above the $0.100 resistance and settled above the 100 simple moving average (4-hours). However, the bears took a stand near the $0.1080 resistance zone. A high was formed near $0.1077 and the price started a downside correction.<\/p>\n

Doge price corrected lower below the $0.100 support. There was a move below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to $0.1077 high.<\/p>\n

It is now trading well above the $0.0850 zone and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0980 level.<\/p>\n

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

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

The first major resistance is near the $0.1000 level. Any more gains above the $0.1000 zone could encourage the bulls to aim a retest of $0.1080. If they push the price above $0.1080, there could be a rally towards the $0.120 level.<\/p>\n

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

If DOGE price fails to gain pace above the $0.10 level, it could continue to move down. An initial support on the downside is near the $0.0920 level.<\/p>\n

The next major support is near the $0.090 level and the trend line. If there is a downside break below the $0.0960 support, the price could decline further. The main support is near the $0.0850 level. Any more losses could open the doors for a move towards the $0.0780 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0900, $0.0880 and $0.0850.<\/p>\n

Major Resistance Levels \u2013 $0.0980, $0.1000 and $0.1080.<\/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-12853","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\/12853","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=12853"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12853\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12853"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}