{"id":30255,"date":"2023-09-28T11:52:43","date_gmt":"2023-09-28T15:52:43","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30255"},"modified":"2023-09-28T11:52:43","modified_gmt":"2023-09-28T15:52:43","slug":"dogecoin-price-doge-prediction-key-support-intact-but-bulls-face-challenges","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/28\/dogecoin-price-doge-prediction-key-support-intact-but-bulls-face-challenges\/","title":{"rendered":"Dogecoin Price (DOGE) Prediction \u2013 Key Support Intact But Bulls Face Challenges"},"content":{"rendered":"

Dogecoin is holding the key support at $0.0595 against the US Dollar. DOGE could start a fresh increase if there is a clear move above $0.062 and $0.0635.<\/em><\/p>\n

DOGE started a fresh decline and retested the $0.0595 level against the US dollar.
\nThe price is trading below the $0.062 level and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could struggle to clear the $0.0615 and $0.0620 resistance levels.<\/p>\n

Dogecoin Price Holds Support<\/h2>\n

After struggling to clear the $0.0635, Dogecoin price started a fresh decline. DOGE declined below the $0.0612 level and even spiked below $0.060.<\/p>\n

A low was formed near $0.0593 and is currently correcting losses, like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.0602 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low.<\/p>\n

DOGE is now trading below the $0.0615 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0610 level. There is also a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

The first major resistance is near the $0.0615 level. It is near the 50% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low.<\/p>\n

<\/a><\/p>\n

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

A close above the $0.0615 resistance might send the price toward the $0.0635 resistance. The next major resistance is near $0.0650. Any more gains might send the price toward the $0.0685 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0612 level, it could start another decline. Initial support on the downside is near the $0.060 level.<\/p>\n

The next major support is near the $0.0595 level. If there is a downside break below the $0.0595 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 losing momentum in the bearish zone.<\/p>\n

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

Major Support Levels \u2013 $0.060, $0.0595, and $0.0550.<\/p>\n

Major Resistance Levels \u2013 $0.0612, $0.0635, and $0.0650.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is holding the key support at $0.0595 against the US Dollar. DOGE could start a fresh increase if there is a clear move above $0.062 and $0.0635.<\/em><\/p>\n

DOGE started a fresh decline and retested the $0.0595 level against the US dollar.
\nThe price is trading below the $0.062 level and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could struggle to clear the $0.0615 and $0.0620 resistance levels.<\/p>\n

Dogecoin Price Holds Support<\/h2>\n

After struggling to clear the $0.0635, Dogecoin price started a fresh decline. DOGE declined below the $0.0612 level and even spiked below $0.060.<\/p>\n

A low was formed near $0.0593 and is currently correcting losses, like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.0602 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low.<\/p>\n

DOGE is now trading below the $0.0615 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0610 level. There is also a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

The first major resistance is near the $0.0615 level. It is near the 50% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low.<\/p>\n

<\/a><\/p>\n

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

A close above the $0.0615 resistance might send the price toward the $0.0635 resistance. The next major resistance is near $0.0650. Any more gains might send the price toward the $0.0685 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.0612 level, it could start another decline. Initial support on the downside is near the $0.060 level.<\/p>\n

The next major support is near the $0.0595 level. If there is a downside break below the $0.0595 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 losing momentum in the bearish zone.<\/p>\n

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

Major Support Levels \u2013 $0.060, $0.0595, and $0.0550.<\/p>\n

Major Resistance Levels \u2013 $0.0612, $0.0635, and $0.0650.<\/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-30255","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\/30255","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=30255"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30255\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30255"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}