{"id":11946,"date":"2024-10-07T05:08:44","date_gmt":"2024-10-07T05:08:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11946"},"modified":"2024-10-07T05:08:44","modified_gmt":"2024-10-07T05:08:44","slug":"dogecoin-doge-leaps-higher-can-the-momentum-last","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11946","title":{"rendered":"Dogecoin (DOGE) Leaps Higher: Can The Momentum Last?"},"content":{"rendered":"

Dogecoin is recovering losses from the $0.1020 zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1165 resistance.<\/em><\/p>\n

DOGE price started a fresh increase above the $0.1100 resistance level.
\nThe price is trading above the $0.1120 level and the 100-hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance at $0.1100 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain bullish momentum if it clears the $0.1165 and $0.1180 resistance levels.<\/p>\n

Dogecoin Price Starts Recovery<\/h2>\n

Dogecoin price declined toward the $0.100 support. DOGE traded as low as $0.1012 and recently started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $0.1060 and $0.1080 resistance levels.<\/p>\n

The price surpassed the $0.1120 resistance level. There was a break above a major bearish trend line with resistance at $0.1100 on the hourly chart of the DOGE\/USD pair. It traded above the 23.6% Fib retracement level of the downward wave from the $0.1320 swing high to the $0.1012 low.<\/p>\n

Dogecoin price is now trading above the $0.1120 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1165 level. It is close to the 50% Fib retracement level of the downward wave from the $0.1320 swing high to the $0.1012 low.<\/p>\n

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

The next major resistance is near the $0.1180 level. A close above the $0.1180 resistance might send the price toward the $0.1240 resistance. Any more gains might send the price toward the $0.1265 level. The next major stop for the bulls might be $0.1320.<\/p>\n

Another Decline In DOGE?<\/h2>\n

If DOGE\u2019s price fails to climb above the $0.1165 level, it could start another decline. Initial support on the downside is near the $0.1120 level. The next major support is near the $0.1100 level.<\/p>\n

The main support sits at $0.1080. If there is a downside break below the $0.1080 support, the price could decline further. In the stated case, the price might decline toward the $0.1020 level or even $0.0980 in the near term.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $0.1120 and $0.1080.<\/p>\n

Major Resistance Levels \u2013 $0.1165 and $0.1240.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is recovering losses from the $0.1020 zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1165 resistance. DOGE price started a fresh increase above the $0.1100 resistance level. The price is trading above the $0.1120 level and the 100-hourly simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":11947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11946"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11946"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11947"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}