{"id":28913,"date":"2023-08-30T04:52:59","date_gmt":"2023-08-30T08:52:59","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=28913"},"modified":"2023-08-30T04:52:59","modified_gmt":"2023-08-30T08:52:59","slug":"dogecoin-price-doge-holds-strong-why-bulls-could-aim-rally-to-0-078","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/30\/dogecoin-price-doge-holds-strong-why-bulls-could-aim-rally-to-0-078\/","title":{"rendered":"Dogecoin Price (DOGE) Holds Strong \u2013 Why Bulls Could Aim Rally To $0.078"},"content":{"rendered":"

Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support.<\/em><\/p>\n

DOGE started a decent increase above the $0.0642 resistance against the US dollar.
\nThe price is trading above the $0.065 level and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could correct lower, but dips might be attractive near the $0.062 zone.<\/p>\n

Dogecoin Price Starts Recovery<\/h2>\n

After a major decline, Dogecoin price found support near the $0.055 zone. DOGE traded as low as $0.0557 and started a fresh increase. There was a decent move above $0.0600 and the price settled above $0.0606.<\/p>\n

Recently, there was a strong increase in Dogecoin like Bitcoin<\/a> and Ethereum<\/a>, and it was able to clear the $0.0620 resistance. The price climbed above the 50% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair. It is now trading above the $0.065 level and the 100 simple moving average (4 hours).<\/p>\n

On the upside, the price is facing resistance near the $0.0665 level. The first major resistance is near the $0.0690 level or the 61.8% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n\n

\u00a0<\/p>\n

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

A close above the $0.0690 resistance might send the price toward the $0.0725 resistance. The next major resistance is near $0.0780. Any more gains might send the price toward the $0.080 level.<\/p>\n

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

If DOGE fails to gain pace above the $0.0690 level, it could start a downside correction. Initial support on the downside is near the $0.0642 level.<\/p>\n

The next major support is near the $0.0606 level. If there is a downside break below the $0.0606 support, the price could decline further. In the stated case, the price might decline toward the $0.055 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 $0.0642, $0.0625, and $0.0606.<\/p>\n

Major Resistance Levels \u2013 $0.0665, $0.0690, and $0.075.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support.<\/em><\/p>\n

DOGE started a decent increase above the $0.0642 resistance against the US dollar.
\nThe price is trading above the $0.065 level and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could correct lower, but dips might be attractive near the $0.062 zone.<\/p>\n

Dogecoin Price Starts Recovery<\/h2>\n

After a major decline, Dogecoin price found support near the $0.055 zone. DOGE traded as low as $0.0557 and started a fresh increase. There was a decent move above $0.0600 and the price settled above $0.0606.<\/p>\n

Recently, there was a strong increase in Dogecoin like Bitcoin<\/a> and Ethereum<\/a>, and it was able to clear the $0.0620 resistance. The price climbed above the 50% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair. It is now trading above the $0.065 level and the 100 simple moving average (4 hours).<\/p>\n

On the upside, the price is facing resistance near the $0.0665 level. The first major resistance is near the $0.0690 level or the 61.8% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n

\u00a0<\/p>\n

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

A close above the $0.0690 resistance might send the price toward the $0.0725 resistance. The next major resistance is near $0.0780. Any more gains might send the price toward the $0.080 level.<\/p>\n

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

If DOGE fails to gain pace above the $0.0690 level, it could start a downside correction. Initial support on the downside is near the $0.0642 level.<\/p>\n

The next major support is near the $0.0606 level. If there is a downside break below the $0.0606 support, the price could decline further. In the stated case, the price might decline toward the $0.055 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 $0.0642, $0.0625, and $0.0606.<\/p>\n

Major Resistance Levels \u2013 $0.0665, $0.0690, and $0.075.<\/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-28913","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\/28913","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=28913"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28913\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28913"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}