{"id":27230,"date":"2023-07-25T04:53:36","date_gmt":"2023-07-25T08:53:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=27230"},"modified":"2023-07-25T04:53:36","modified_gmt":"2023-07-25T08:53:36","slug":"dogecoin-price-doge-jumps-10-heres-why-the-bulls-could-aim-0-085","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/25\/dogecoin-price-doge-jumps-10-heres-why-the-bulls-could-aim-0-085\/","title":{"rendered":"Dogecoin Price (DOGE) Jumps 10% \u2013 Here\u2019s Why The Bulls Could Aim $0.085"},"content":{"rendered":"

Dogecoin is gaining bullish momentum above the $0.075 resistance against the US Dollar. DOGE could extend its rally toward the $0.085 resistance zone.<\/em><\/p>\n

DOGE is currently trading in a bullish zone above $0.072 resistance against the US dollar.
\nThe price is trading well above the $0.075 zone and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe price is up nearly 10% and might extend its increase above $0.080.<\/p>\n

Dogecoin Price Gains Strength<\/h2>\n

In the last Dogecoin price prediction, we discussed how DOGE could surge 10%. The price did form a base above the $0.0680 level and started a fresh rally.<\/p>\n

The price cleared the $0.072 and $0.0725 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>. It is up over 10% and trading near the $0.0780 resistance. A high is formed near $0.0780 and the price is now consolidating gains.<\/p>\n

DOGE is trading well above the $0.0725 zone and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE\/USD pair. The pair is now trading above the 23.6% Fib retracement level of the recent rally from the $0.0695 swing low to the $0.0780 high.<\/p>\n\n

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

On the upside, the price is facing resistance near the $0.0780 level. The first major resistance is near the $0.080 level. A close above the $0.080 resistance might send the price toward the $0.0820 resistance. The next major resistance is near $0.0832. Any more gains might send the price toward the $0.085 level.<\/p>\n

Are Dips Limited in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0780 level, it could start a downside correction. Initial support on the downside is near the $0.0760 level.<\/p>\n

The next major support is near the $0.0725 level and the trend line. If there is a downside break below the $0.0725 support, the price could decline further. In the stated case, the price might decline toward the $0.070 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 $0.0765, $0.0725, and $0.070.<\/p>\n

Major Resistance Levels \u2013 $0.0780, $0.080, and $0.085.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is gaining bullish momentum above the $0.075 resistance against the US Dollar. DOGE could extend its rally toward the $0.085 resistance zone.<\/em><\/p>\n

DOGE is currently trading in a bullish zone above $0.072 resistance against the US dollar.
\nThe price is trading well above the $0.075 zone and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe price is up nearly 10% and might extend its increase above $0.080.<\/p>\n

Dogecoin Price Gains Strength<\/h2>\n

In the last Dogecoin price prediction, we discussed how DOGE could surge 10%. The price did form a base above the $0.0680 level and started a fresh rally.<\/p>\n

The price cleared the $0.072 and $0.0725 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>. It is up over 10% and trading near the $0.0780 resistance. A high is formed near $0.0780 and the price is now consolidating gains.<\/p>\n

DOGE is trading well above the $0.0725 zone and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE\/USD pair. The pair is now trading above the 23.6% Fib retracement level of the recent rally from the $0.0695 swing low to the $0.0780 high.<\/p>\n

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

On the upside, the price is facing resistance near the $0.0780 level. The first major resistance is near the $0.080 level. A close above the $0.080 resistance might send the price toward the $0.0820 resistance. The next major resistance is near $0.0832. Any more gains might send the price toward the $0.085 level.<\/p>\n

Are Dips Limited in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0780 level, it could start a downside correction. Initial support on the downside is near the $0.0760 level.<\/p>\n

The next major support is near the $0.0725 level and the trend line. If there is a downside break below the $0.0725 support, the price could decline further. In the stated case, the price might decline toward the $0.070 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 $0.0765, $0.0725, and $0.070.<\/p>\n

Major Resistance Levels \u2013 $0.0780, $0.080, and $0.085.<\/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-27230","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\/27230","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=27230"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27230\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27230"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}