{"id":29856,"date":"2023-09-20T04:52:35","date_gmt":"2023-09-20T08:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29856"},"modified":"2023-09-20T04:52:35","modified_gmt":"2023-09-20T08:52:35","slug":"dogecoin-price-doge-prediction-bulls-face-uphill-task-near-0-064","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/20\/dogecoin-price-doge-prediction-bulls-face-uphill-task-near-0-064\/","title":{"rendered":"Dogecoin Price (DOGE) Prediction \u2013 Bulls Face Uphill Task Near $0.064"},"content":{"rendered":"

Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone.<\/em><\/p>\n

DOGE started a decent increase above the $0.0615 resistance against the US dollar.
\nThe price is trading above the $0.062 level and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could struggle to clear the $0.0638 and $0.0640 resistance levels.<\/p>\n

Dogecoin Price Starts Recovery<\/h2>\n

After a major decline, Dogecoin price found support near the $0.0595 zone. DOGE traded as low as $0.0591 and recently started a recovery wave. There was a decent move above $0.0600 and the price settled above $0.0612.<\/p>\n

Recently, Bitcoin<\/a> saw a steady increase above $27,000 and helped altcoins in recovery. Dogecoin is also showing a few positive signs and was able to clear the $0.062 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n

DOGE<\/a> is now trading above the $0.062 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0638 level. It is close to the 50% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n

The first major resistance is near the $0.0640 level. Besides, there is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n\n

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

A close above the $0.0620 resistance might send the price toward the $0.0670 resistance. The next major resistance is near $0.0685. Any more gains might send the price toward the $0.072 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0640 level, it could start a downside correction. Initial support on the downside is near the $0.0620 level.<\/p>\n

The next major support is near the $0.060 level. If there is a downside break below the $0.060 support, the price could decline further. In the stated case, the price might decline toward the $0.0565 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.0620, $0.0600, and $0.0565.<\/p>\n

Major Resistance Levels \u2013 $0.0638, $0.0640, and $0.0685.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone.<\/em><\/p>\n

DOGE started a decent increase above the $0.0615 resistance against the US dollar.
\nThe price is trading above the $0.062 level and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could struggle to clear the $0.0638 and $0.0640 resistance levels.<\/p>\n

Dogecoin Price Starts Recovery<\/h2>\n

After a major decline, Dogecoin price found support near the $0.0595 zone. DOGE traded as low as $0.0591 and recently started a recovery wave. There was a decent move above $0.0600 and the price settled above $0.0612.<\/p>\n

Recently, Bitcoin<\/a> saw a steady increase above $27,000 and helped altcoins in recovery. Dogecoin is also showing a few positive signs and was able to clear the $0.062 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n

DOGE<\/a> is now trading above the $0.062 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0638 level. It is close to the 50% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n

The first major resistance is near the $0.0640 level. Besides, there is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

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

A close above the $0.0620 resistance might send the price toward the $0.0670 resistance. The next major resistance is near $0.0685. Any more gains might send the price toward the $0.072 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0640 level, it could start a downside correction. Initial support on the downside is near the $0.0620 level.<\/p>\n

The next major support is near the $0.060 level. If there is a downside break below the $0.060 support, the price could decline further. In the stated case, the price might decline toward the $0.0565 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.0620, $0.0600, and $0.0565.<\/p>\n

Major Resistance Levels \u2013 $0.0638, $0.0640, 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-29856","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\/29856","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=29856"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29856\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29856"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}