{"id":36263,"date":"2024-02-20T04:52:58","date_gmt":"2024-02-20T08:52:58","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=36263"},"modified":"2024-02-20T04:52:58","modified_gmt":"2024-02-20T08:52:58","slug":"dogecoin-price-prediction-doge-signals-bullish-break-bulls-aims-for-0-10","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/20\/dogecoin-price-prediction-doge-signals-bullish-break-bulls-aims-for-0-10\/","title":{"rendered":"Dogecoin Price Prediction \u2013 DOGE Signals Bullish Break, Bulls Aims For $0.10"},"content":{"rendered":"

Dogecoin is showing bullish signs above the $0.0875 zone against the US Dollar. DOGE could extend its rally toward the $0.100 resistance in the near term.<\/em><\/p>\n

DOGE is showing positive signs above the $0.0875 zone against the US dollar.
\nThe price is trading above the $0.0880 level and the 100 simple moving average (4 hours).
\nThere was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could extend its rally above the $0.090 and $0.092 resistance levels.<\/p>\n

Dogecoin Price Aims Higher<\/h2>\n

In the past few sessions, Dogecoin price started a decent increase<\/a> from the $0.082 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone.<\/p>\n

There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE\/USD pair. It even broke the $0.0880 resistance to move further into a positive zone like Bitcoin<\/a> and Ethereum. A high was formed near $0.0914 and the price is now correcting gains.<\/p>\n

There was a move below the 23.6% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. DOGE is also trading above the $0.0875 level and the 100 simple moving average (4 hours).<\/p>\n

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

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

On the upside, the price is facing resistance near the $0.0892 level. The next major resistance is near the $0.0915 level. A close above the $0.0915 resistance might send the price toward the $0.095 resistance. The next major resistance is near $0.100. Any more gains might send the price toward the $0.120 level.<\/p>\n

Downside Correction in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0915 level, it could start a downside correction. Initial support on the downside is near the $0.0865 level.<\/p>\n

The next major support is near the $0.0855 level or the 61.8% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. If there is a downside break below the $0.0855 support, the price could decline further. In the stated case, the price might decline toward the $0.0820 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 $0.0865, $0.0855 and $0.0820.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.095, and $0.10.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin is showing bullish signs above the $0.0875 zone against the US Dollar. DOGE could extend its rally toward the $0.100 resistance in the near term.<\/em><\/p>\n

DOGE is showing positive signs above the $0.0875 zone against the US dollar.
\nThe price is trading above the $0.0880 level and the 100 simple moving average (4 hours).
\nThere was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could extend its rally above the $0.090 and $0.092 resistance levels.<\/p>\n

Dogecoin Price Aims Higher<\/h2>\n

In the past few sessions, Dogecoin price started a decent increase<\/a> from the $0.082 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone.<\/p>\n

There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE\/USD pair. It even broke the $0.0880 resistance to move further into a positive zone like Bitcoin<\/a> and Ethereum. A high was formed near $0.0914 and the price is now correcting gains.<\/p>\n

There was a move below the 23.6% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. DOGE is also trading above the $0.0875 level and the 100 simple moving average (4 hours).<\/p>\n

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

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

On the upside, the price is facing resistance near the $0.0892 level. The next major resistance is near the $0.0915 level. A close above the $0.0915 resistance might send the price toward the $0.095 resistance. The next major resistance is near $0.100. Any more gains might send the price toward the $0.120 level.<\/p>\n

Downside Correction in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0915 level, it could start a downside correction. Initial support on the downside is near the $0.0865 level.<\/p>\n

The next major support is near the $0.0855 level or the 61.8% Fib retracement level of the recent wave from the $0.0820 swing low to the $0.0914 high. If there is a downside break below the $0.0855 support, the price could decline further. In the stated case, the price might decline toward the $0.0820 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 $0.0865, $0.0855 and $0.0820.<\/p>\n

Major Resistance Levels \u2013 $0.0915, $0.095, and $0.10.<\/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-36263","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\/36263","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=36263"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36263\/revisions"}],"predecessor-version":[{"id":36274,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36263\/revisions\/36274"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36263"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}