{"id":25699,"date":"2023-06-21T04:54:01","date_gmt":"2023-06-21T08:54:01","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25699"},"modified":"2023-06-21T04:54:01","modified_gmt":"2023-06-21T08:54:01","slug":"dogecoin-price-prediction-doge-signals-fresh-rally-if-it-clears-100-sma","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/21\/dogecoin-price-prediction-doge-signals-fresh-rally-if-it-clears-100-sma\/","title":{"rendered":"Dogecoin Price Prediction: DOGE Signals Fresh Rally If It Clears 100 SMA"},"content":{"rendered":"

Dogecoin is gaining bullish momentum above the $0.062 resistance against the US Dollar. DOGE could rally if it clears the 100 SMA (H4).<\/em><\/p>\n

DOGE is currently showing positive signs above $0.0620 resistance against the US dollar.
\nThe price is trading below the $0.064 zone and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0620 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 $0.064 resistance zone.<\/p>\n

Dogecoin Price Could Rally 5%<\/h2>\n

After forming a base above the $0.0550 level, Dogecoin\u2019s price started a decent increase. DOGE was able to clear the $0.0580 and $0.060 resistance levels.<\/p>\n

In the past two sessions, there were bullish moves in Bitcoin<\/a> and Ethereum<\/a>, sparking a decent increase in DOGE. The price climbed above the 50% Fib retracement level of the key decline from the $0.0715 swing high to the $0.0554 low.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance near $0.0620 on the 4-hours chart of the DOGE\/USD pair. The pair is now trading below the $0.064 zone and the 100 simple moving average (4 hours).<\/p>\n

On the upside, the price is facing resistance near the 100 simple moving average (4 hours). The first major resistance is near the $0.0655 level and the 61.8% Fib retracement level of the key decline from the $0.0715 swing high to the $0.0554 low.<\/p>\n\n

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

A close above the $0.0655 resistance might send the price toward the $0.0685 resistance. The next major resistance is near $0.070. Any more gains might send the price toward the $0.072 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0640 level, it could start a fresh decline. Initial support on the downside is near the $0.0625 level.<\/p>\n

The next major support is near the $0.060 level. If there is a downside break below the $0.0600 support, the price could decline further. In the stated case, the price might decline toward the $0.0550 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 $0.0625, $0.0600, and $0.0550.<\/p>\n

Major Resistance Levels \u2013 $0.0640, $0.0655, and $0.0685.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is gaining bullish momentum above the $0.062 resistance against the US Dollar. DOGE could rally if it clears the 100 SMA (H4).<\/em><\/p>\n

DOGE is currently showing positive signs above $0.0620 resistance against the US dollar.
\nThe price is trading below the $0.064 zone and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0620 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 $0.064 resistance zone.<\/p>\n

Dogecoin Price Could Rally 5%<\/h2>\n

After forming a base above the $0.0550 level, Dogecoin\u2019s price started a decent increase. DOGE was able to clear the $0.0580 and $0.060 resistance levels.<\/p>\n

In the past two sessions, there were bullish moves in Bitcoin<\/a> and Ethereum<\/a>, sparking a decent increase in DOGE. The price climbed above the 50% Fib retracement level of the key decline from the $0.0715 swing high to the $0.0554 low.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance near $0.0620 on the 4-hours chart of the DOGE\/USD pair. The pair is now trading below the $0.064 zone and the 100 simple moving average (4 hours).<\/p>\n

On the upside, the price is facing resistance near the 100 simple moving average (4 hours). The first major resistance is near the $0.0655 level and the 61.8% Fib retracement level of the key decline from the $0.0715 swing high to the $0.0554 low.<\/p>\n

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

A close above the $0.0655 resistance might send the price toward the $0.0685 resistance. The next major resistance is near $0.070. Any more gains might send the price toward the $0.072 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0640 level, it could start a fresh decline. Initial support on the downside is near the $0.0625 level.<\/p>\n

The next major support is near the $0.060 level. If there is a downside break below the $0.0600 support, the price could decline further. In the stated case, the price might decline toward the $0.0550 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 $0.0625, $0.0600, and $0.0550.<\/p>\n

Major Resistance Levels \u2013 $0.0640, $0.0655, and $0.0685.<\/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-25699","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\/25699","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=25699"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25699\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25699"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}