{"id":14435,"date":"2024-10-17T05:08:31","date_gmt":"2024-10-17T05:08:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14435"},"modified":"2024-10-17T05:08:31","modified_gmt":"2024-10-17T05:08:31","slug":"dogecoin-restarts-rally-is-the-doge-hype-reigniting","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14435","title":{"rendered":"Dogecoin Restarts Rally: Is The Doge Hype Reigniting?"},"content":{"rendered":"

Dogecoin is rising above the $0.120 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1280 resistance.<\/em><\/p>\n

DOGE price started a fresh increase above the $0.1200 resistance level.
\nThe price is trading above the $0.1220 level and the 100-hourly simple moving average.
\nThere was a break above a major declining channel with resistance at $0.1170 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain bullish momentum if it clears the $0.1250 and $0.1280 resistance levels.<\/p>\n

Dogecoin Price Regains Traction<\/h2>\n

Dogecoin price started a fresh increase above the $0.1100 resistance zone. DOGE gained traction for a move above the $0.1200 resistance zone, beating Bitcoin<\/a> and Ethereum<\/a>. There was also a move above the $0.1250 and $0.1265 resistance levels.<\/p>\n

During the increase, there was a break above a major declining channel with resistance at $0.1170 on the hourly chart of the DOGE\/USD pair. The pair traded as high as $0.1297 and recently saw a minor downside correction.<\/p>\n

The price dipped below the $0.1265 level. It traded below the 23.6% Fib retracement level of the upward move from the $0.1101 swing low to the $0.1297 high. Dogecoin price is now trading above the $0.1200 level and the 100-hourly simple moving average.<\/p>\n

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

Immediate resistance on the upside is near the $0.1280 level. The next major resistance is near the $0.1300 level. A close above the $0.1300 resistance might send the price toward the $0.1320 resistance. Any more gains might send the price toward the $0.1350 level. The next major stop for the bulls might be $0.1400.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1280 level, it could start another decline. Initial support on the downside is near the $0.1235 level. The next major support is near the $0.1200 level and the 50% Fib retracement level of the upward move from the $0.1101 swing low to the $0.1297 high.<\/p>\n

The main support sits at $0.1175. If there is a downside break below the $0.1175 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 level or even $0.1120 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 $0.1235 and $0.1200.<\/p>\n

Major Resistance Levels \u2013 $0.1280 and $0.1300.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is rising above the $0.120 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1280 resistance. DOGE price started a fresh increase above the $0.1200 resistance level. The price is trading above the $0.1220 level and the 100-hourly simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":14436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14435","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\/14435"}],"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=14435"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14436"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}