{"id":34785,"date":"2024-01-05T05:52:52","date_gmt":"2024-01-05T09:52:52","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34785"},"modified":"2024-01-05T05:52:52","modified_gmt":"2024-01-05T09:52:52","slug":"dogecoin-price-prediction-doge-turns-attractive-to-bears-on-rallies","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/05\/dogecoin-price-prediction-doge-turns-attractive-to-bears-on-rallies\/","title":{"rendered":"Dogecoin Price Prediction \u2013 DOGE Turns Attractive To Bears On Rallies"},"content":{"rendered":"

Dogecoin started a fresh decline from the $0.0950 resistance against the US Dollar. DOGE could extend its decline unless there is a close above $0.090.<\/em><\/p>\n

DOGE struggled near $0.0950 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.090 level and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if it clears $0.090 and $0.0950.<\/p>\n

Dogecoin Price Faces Key Hurdles<\/h2>\n

In the past few sessions, Dogecoin price struggled to gain pace above $0.0920. DOGE remained below the $0.095 resistance zone and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a sharp drop below the $0.0900 and $0.0865 support levels. It even tested the $0.0760 zone. A low was formed near $0.0760, and the price is now attempting a recovery wave. There was a move above the $0.080 resistance zone.<\/p>\n

It cleared the 23.6% Fib retracement level of the downward move from the $0.0943 swing high to the $0.0760 low. DOGE is now trading below the $0.090 level and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $0.0875 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.0943 swing high to the $0.0760 low. The next major resistance is near the $0.090 level.<\/p>\n

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

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

A close above the $0.090 resistance might send the price toward the $0.092 resistance. The next major resistance is near $0.095. Any more gains might send the price toward the $0.105 level.<\/p>\n

More Downsides in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0875 level, it could start a fresh decline. Initial support on the downside is near the $0.080 level.<\/p>\n

The next major support is near the $0.0760 level. If there is a downside break below the $0.0760 support, the price could decline further. In the stated case, the price might decline toward the $0.0710 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n

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

Major Support Levels \u2013 $0.080, $0.0760, and $0.0710.<\/p>\n

Major Resistance Levels \u2013 $0.0875, $0.0920, and $0.0950.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin started a fresh decline from the $0.0950 resistance against the US Dollar. DOGE could extend its decline unless there is a close above $0.090.<\/em><\/p>\n

DOGE struggled near $0.0950 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.090 level and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if it clears $0.090 and $0.0950.<\/p>\n

Dogecoin Price Faces Key Hurdles<\/h2>\n

In the past few sessions, Dogecoin price struggled to gain pace above $0.0920. DOGE remained below the $0.095 resistance zone and started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a sharp drop below the $0.0900 and $0.0865 support levels. It even tested the $0.0760 zone. A low was formed near $0.0760, and the price is now attempting a recovery wave. There was a move above the $0.080 resistance zone.<\/p>\n

It cleared the 23.6% Fib retracement level of the downward move from the $0.0943 swing high to the $0.0760 low. DOGE is now trading below the $0.090 level and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $0.0875 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.0943 swing high to the $0.0760 low. The next major resistance is near the $0.090 level.<\/p>\n

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

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

A close above the $0.090 resistance might send the price toward the $0.092 resistance. The next major resistance is near $0.095. Any more gains might send the price toward the $0.105 level.<\/p>\n

More Downsides in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0875 level, it could start a fresh decline. Initial support on the downside is near the $0.080 level.<\/p>\n

The next major support is near the $0.0760 level. If there is a downside break below the $0.0760 support, the price could decline further. In the stated case, the price might decline toward the $0.0710 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n

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

Major Support Levels \u2013 $0.080, $0.0760, and $0.0710.<\/p>\n

Major Resistance Levels \u2013 $0.0875, $0.0920, and $0.0950.<\/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-34785","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\/34785","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=34785"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34785\/revisions"}],"predecessor-version":[{"id":34792,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34785\/revisions\/34792"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34785"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}