{"id":31363,"date":"2023-10-24T05:52:35","date_gmt":"2023-10-24T09:52:35","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=31363"},"modified":"2023-10-24T05:52:35","modified_gmt":"2023-10-24T09:52:35","slug":"dogecoin-price-prediction-doge-could-soon-pump-20-like-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/24\/dogecoin-price-prediction-doge-could-soon-pump-20-like-bitcoin\/","title":{"rendered":"Dogecoin Price Prediction \u2013 DOGE Could Soon Pump 20% Like Bitcoin"},"content":{"rendered":"

Dogecoin is climbing higher above the $0.065 resistance against the US Dollar. DOGE could rally over 20% if it clears the $0.070 resistance zone.<\/em><\/p>\n

DOGE started a decent increase above the $0.0625 resistance against the US dollar.
\nThe price is trading below the $0.0650 level and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a strong rally like Bitcoin<\/a> if it clears the $0.070 resistance.<\/p>\n

Dogecoin Price Starts Increase<\/h2>\n

After forming a base above the $0.0575 level, Dogecoin price started a fresh increase. DOGE broke the $0.060 resistance zone to move into a positive zone.<\/p>\n

The recent pump in Bitcoin and Ethereum<\/a> also pushed DOGE further higher. There was a steady increase above the $0.0650 resistance zone. A high is formed near $0.0693 and the price is now consolidating gains. It is also above the 23.6% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.<\/p>\n

DOGE is now trading above the $0.065 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0685 level. There is also a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

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

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

The first major resistance is near the $0.0685 level. The main resistance is near $0.070. A close above the $0.070 resistance might send the price toward the $0.0735 resistance. The next major resistance is near $0.0750. Any more gains might send the price toward the $0.080 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.070 level, it could start a downside correction. Initial support on the downside is near the $0.0665 level.<\/p>\n

The next major support is near the $0.0650 level. If there is a downside break below the $0.0650 support, the price could decline further. In the stated case, the price might decline toward the $0.0632 level or the 50% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.<\/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 $0.0665, $0.0650, and $0.0632.<\/p>\n

Major Resistance Levels \u2013 $0.0685, $0.0700, and $0.0750.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is climbing higher above the $0.065 resistance against the US Dollar. DOGE could rally over 20% if it clears the $0.070 resistance zone.<\/em><\/p>\n

DOGE started a decent increase above the $0.0625 resistance against the US dollar.
\nThe price is trading below the $0.0650 level and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a strong rally like Bitcoin<\/a> if it clears the $0.070 resistance.<\/p>\n

Dogecoin Price Starts Increase<\/h2>\n

After forming a base above the $0.0575 level, Dogecoin price started a fresh increase. DOGE broke the $0.060 resistance zone to move into a positive zone.<\/p>\n

The recent pump in Bitcoin and Ethereum<\/a> also pushed DOGE further higher. There was a steady increase above the $0.0650 resistance zone. A high is formed near $0.0693 and the price is now consolidating gains. It is also above the 23.6% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.<\/p>\n

DOGE is now trading above the $0.065 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0685 level. There is also a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

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

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

The first major resistance is near the $0.0685 level. The main resistance is near $0.070. A close above the $0.070 resistance might send the price toward the $0.0735 resistance. The next major resistance is near $0.0750. Any more gains might send the price toward the $0.080 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.070 level, it could start a downside correction. Initial support on the downside is near the $0.0665 level.<\/p>\n

The next major support is near the $0.0650 level. If there is a downside break below the $0.0650 support, the price could decline further. In the stated case, the price might decline toward the $0.0632 level or the 50% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.<\/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 $0.0665, $0.0650, and $0.0632.<\/p>\n

Major Resistance Levels \u2013 $0.0685, $0.0700, and $0.0750.<\/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-31363","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\/31363","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=31363"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31363\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31363"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}