{"id":24810,"date":"2023-05-31T04:52:58","date_gmt":"2023-05-31T08:52:58","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=24810"},"modified":"2023-05-31T04:52:58","modified_gmt":"2023-05-31T08:52:58","slug":"dogecoin-price-prediction-doge-breaking-this-single-level-will-spark-fresh-rally","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/31\/dogecoin-price-prediction-doge-breaking-this-single-level-will-spark-fresh-rally\/","title":{"rendered":"Dogecoin Price Prediction: Doge Breaking This Single Level Will Spark Fresh Rally"},"content":{"rendered":"

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the $0.074 resistance zone.<\/em><\/p>\n

DOGE is currently struggling to clear the $0.074 resistance against the US dollar.
\nThe price is trading below the $0.0725 zone and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could start a fresh rally if it clears the $0.0740 resistance zone.<\/p>\n

Dogecoin Price Aims Higher<\/h2>\n

After a sharp decline, Dogecoin\u2019s price found support near the $0.0685 zone. DOGE formed a base and recently started a decent increase above $0.070, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $0.0720 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low. Besides, there was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

However, the bears were active near the $0.074 resistance. Dogecoin faced rejection near the 76.4% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low.<\/p>\n

Doge is now trading below the $0.0725 zone and the 100 simple moving average (4 hours). It is holding the key $0.0718 support zone. On the upside, the price is facing resistance near the $0.0722 level. The first major resistance is near the $0.0740 level.<\/p>\n\n

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

A close above the $0.074 resistance might send the price toward the $0.0775 resistance. The next major resistance is near $0.0800. Any more gains might send the price toward the $0.0825 level.<\/p>\n

Downside Break in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.074 level, it could continue to move down. Initial support on the downside is near the $0.0718 level.<\/p>\n

The next major support is near the $0.0700 level. If there is a downside break below the $0.070 support, the price could decline further. In the stated case, the price might decline toward the $0.0685 level.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.0718, $0.070, and $0.0685.<\/p>\n

Major Resistance Levels \u2013 $0.0722, $0.0740, and $0.0775.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the $0.074 resistance zone.<\/em><\/p>\n

DOGE is currently struggling to clear the $0.074 resistance against the US dollar.
\nThe price is trading below the $0.0725 zone and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could start a fresh rally if it clears the $0.0740 resistance zone.<\/p>\n

Dogecoin Price Aims Higher<\/h2>\n

After a sharp decline, Dogecoin\u2019s price found support near the $0.0685 zone. DOGE formed a base and recently started a decent increase above $0.070, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $0.0720 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low. Besides, there was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

However, the bears were active near the $0.074 resistance. Dogecoin faced rejection near the 76.4% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low.<\/p>\n

Doge is now trading below the $0.0725 zone and the 100 simple moving average (4 hours). It is holding the key $0.0718 support zone. On the upside, the price is facing resistance near the $0.0722 level. The first major resistance is near the $0.0740 level.<\/p>\n

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

A close above the $0.074 resistance might send the price toward the $0.0775 resistance. The next major resistance is near $0.0800. Any more gains might send the price toward the $0.0825 level.<\/p>\n

Downside Break in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.074 level, it could continue to move down. Initial support on the downside is near the $0.0718 level.<\/p>\n

The next major support is near the $0.0700 level. If there is a downside break below the $0.070 support, the price could decline further. In the stated case, the price might decline toward the $0.0685 level.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.0718, $0.070, and $0.0685.<\/p>\n

Major Resistance Levels \u2013 $0.0722, $0.0740, and $0.0775.<\/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-24810","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\/24810","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=24810"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24810\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=24810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=24810"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=24810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}