The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price.\u00a0<\/p>\n
Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark.<\/p>\n
Dogecoin (DOGE) Price Analysis On The Weekly Chart
\nWeekly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
From the chart, the price of DOGE saw a weekly low of $0.052, which bounced from that area and rallied to a price of $0.088 after showing no side of recovery in recent weeks.\u00a0<\/p>\n
DOGE\u2019s weekly candle closed with a bullish sentiment with the new week\u2019s candle looking more bullish for the price of DOGE as it rallies to as high as $0.088 before facing a minor retracement to the area of $0.0812.<\/p>\n
The price has struggled to build more momentum as it faces resistance at $0.88.<\/p>\n
If the price of DOGE on the weekly chart continues with this structure, it could quickly revisit\u00a0 $0.11 acting as a resistance for the price of DOGE.<\/p>\n
Weekly resistance for the price of BTC \u2013 $0.88.<\/p>\n
Weekly support for the price of BTC \u2013 $0.066.<\/p>\n
Price Analysis Of DOGE On The Daily (1D) Chart
\nDaily DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
The price of DOGE found strong support at $0.072 above the asymmetric triangle after a successful breakout, with what seems to be an area of interest on the daily chart.<\/p>\n
DOGE bounced from its support and rallied to $0.088 where it was faced with resistance and was rejected from that region.<\/p>\n
The price of DOGE has continued to range after being rejected from the $0.088 mark, breaking out of this resistance to the upside could mean a retest of the $0.1 area.\u00a0\u00a0<\/p>\n
At the point of writing, the price of DOGE is at $0.082, above the 50 Exponential Moving Average (EMA) which corresponds to $0.072.<\/p>\n
DOGE needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of DOGE to $0.06.<\/p>\n
The Relative Strength Index (RSI) for the price of DOGE on the daily chart is above 70, Indicating good buy bids.<\/p>\n
Daily (1D) resistance for DOGE price \u2013 $0.88.<\/p>\n
Daily (1D) support for DOGE price \u2013 $0.076, $0.073.<\/p>\n
Price Analysis OF DOGE On The Four-Hourly (4H) Chart
\nFour-Hourly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
The price of DOGE continues to look bullish and holds above the 50 and 200 EMA prices that correspond to $0.077 and $0.071.<\/p>\n
On the 4H timeframe, the 50 and 200 EMA are acting as support for the price of DOGE after breaking out of the wedge and trending higher.<\/p>\n
If DOGE fails to hold these support regions we could retest the region of $0.066 as the next support area to hold the DOGE price.<\/p>\n
Four-Hourly (4H) resistance for DOGE price \u2013 $0.088.<\/p>\n
Four-Hourly (4H) support for DOGE price \u2013 $0.077, $0.071.<\/p>\n
Featured image from zipmex, Charts from TradingView.com\u00a0<\/p>\n
\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price.\u00a0<\/p>\n
Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark.<\/p>\n
Dogecoin (DOGE) Price Analysis On The Weekly Chart
\nWeekly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
From the chart, the price of DOGE saw a weekly low of $0.052, which bounced from that area and rallied to a price of $0.088 after showing no side of recovery in recent weeks.\u00a0<\/p>\n
DOGE\u2019s weekly candle closed with a bullish sentiment with the new week\u2019s candle looking more bullish for the price of DOGE as it rallies to as high as $0.088 before facing a minor retracement to the area of $0.0812.<\/p>\n
The price has struggled to build more momentum as it faces resistance at $0.88.<\/p>\n
If the price of DOGE on the weekly chart continues with this structure, it could quickly revisit\u00a0 $0.11 acting as a resistance for the price of DOGE.<\/p>\n
Weekly resistance for the price of BTC \u2013 $0.88.<\/p>\n
Weekly support for the price of BTC \u2013 $0.066.<\/p>\n
Price Analysis Of DOGE On The Daily (1D) Chart
\nDaily DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
The price of DOGE found strong support at $0.072 above the asymmetric triangle after a successful breakout, with what seems to be an area of interest on the daily chart.<\/p>\n
DOGE bounced from its support and rallied to $0.088 where it was faced with resistance and was rejected from that region.<\/p>\n
The price of DOGE has continued to range after being rejected from the $0.088 mark, breaking out of this resistance to the upside could mean a retest of the $0.1 area.\u00a0\u00a0<\/p>\n
At the point of writing, the price of DOGE is at $0.082, above the 50 Exponential Moving Average (EMA) which corresponds to $0.072.<\/p>\n
DOGE needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of DOGE to $0.06.<\/p>\n
The Relative Strength Index (RSI) for the price of DOGE on the daily chart is above 70, Indicating good buy bids.<\/p>\n
Daily (1D) resistance for DOGE price \u2013 $0.88.<\/p>\n
Daily (1D) support for DOGE price \u2013 $0.076, $0.073.<\/p>\n
Price Analysis OF DOGE On The Four-Hourly (4H) Chart
\nFour-Hourly DOGE Price Chart | Source: DOGEUSDT On Tradingview.com<\/p>\n
The price of DOGE continues to look bullish and holds above the 50 and 200 EMA prices that correspond to $0.077 and $0.071.<\/p>\n
On the 4H timeframe, the 50 and 200 EMA are acting as support for the price of DOGE after breaking out of the wedge and trending higher.<\/p>\n
If DOGE fails to hold these support regions we could retest the region of $0.066 as the next support area to hold the DOGE price.<\/p>\n
Four-Hourly (4H) resistance for DOGE price \u2013 $0.088.<\/p>\n
Four-Hourly (4H) support for DOGE price \u2013 $0.077, $0.071.<\/p>\n
Featured image from zipmex, Charts from TradingView.com\u00a0<\/p>\n
\u00a0<\/p>\n
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