{"id":16631,"date":"2023-01-23T06:54:23","date_gmt":"2023-01-23T10:54:23","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=16631"},"modified":"2023-01-23T06:54:23","modified_gmt":"2023-01-23T10:54:23","slug":"dogecoin-price-technicals-suggest-doge-must-clear-0-920-for-another-rally","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/23\/dogecoin-price-technicals-suggest-doge-must-clear-0-920-for-another-rally\/","title":{"rendered":"Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally"},"content":{"rendered":"

Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.<\/em><\/p>\n

DOGE gained pace and traded above the $0.085 resistance against the US dollar.
\nThe price is trading above the $0.0850 zone and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could rise further if there is a clear close above the $0.092 resistance.<\/p>\n

Dogecoin Price Eyes Upside Break<\/h2>\n

After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.<\/p>\n

There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin<\/a> and ethereum<\/a>. A new yearly high was formed near $0.0934 and the price is now consolidating gains.<\/p>\n

It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).<\/p>\n

There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.<\/p>\n

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

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

A clear move above the $0.092 resistance might send the price towards the $0.098 resistance. Any more gains might send the price towards the $0.100 level. A clear move above the $0.100 resistance could open the gates for a rally towards the $0.112 level.<\/p>\n

Dips Supported in DOGE?<\/h2>\n

If DOGE price fails to gain pace above the $0.092 level, it could start a downside correction. An initial support on the downside is near the $0.0880 level.<\/p>\n

The next major support is near the $0.085 level or the 50% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. If there is a downside break below the $0.085 support, the price could decline further. In the stated case, the price might decline towards the $0.082 level and the trend line.<\/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 $0.088, $0.0850 and $0.0820.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.0920 and $0.098.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.<\/em><\/p>\n

DOGE gained pace and traded above the $0.085 resistance against the US dollar.
\nThe price is trading above the $0.0850 zone and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could rise further if there is a clear close above the $0.092 resistance.<\/p>\n

Dogecoin Price Eyes Upside Break<\/h2>\n

After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.<\/p>\n

There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin<\/a> and ethereum<\/a>. A new yearly high was formed near $0.0934 and the price is now consolidating gains.<\/p>\n

It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).<\/p>\n

There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.<\/p>\n

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

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

A clear move above the $0.092 resistance might send the price towards the $0.098 resistance. Any more gains might send the price towards the $0.100 level. A clear move above the $0.100 resistance could open the gates for a rally towards the $0.112 level.<\/p>\n

Dips Supported in DOGE?<\/h2>\n

If DOGE price fails to gain pace above the $0.092 level, it could start a downside correction. An initial support on the downside is near the $0.0880 level.<\/p>\n

The next major support is near the $0.085 level or the 50% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. If there is a downside break below the $0.085 support, the price could decline further. In the stated case, the price might decline towards the $0.082 level and the trend line.<\/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 $0.088, $0.0850 and $0.0820.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.0920 and $0.098.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-16631","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\/16631","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=16631"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16631\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=16631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=16631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=16631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}