{"id":16523,"date":"2024-10-30T05:18:39","date_gmt":"2024-10-30T05:18:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=16523"},"modified":"2024-10-30T05:18:39","modified_gmt":"2024-10-30T05:18:39","slug":"dogecoin-doge-rockets-ahead-will-the-rally-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=16523","title":{"rendered":"Dogecoin (DOGE) Rockets Ahead: Will the Rally Hold?"},"content":{"rendered":"

Dogecoin is up over 20% and trading above the $0.1650 support zone against the US Dollar. DOGE must clear the $0.1780 resistance to continue higher.<\/em><\/p>\n

DOGE price started a major increase above the $0.1500 resistance level.
\nThe price is trading above the $0.1650 level and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $0.1715 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could continue to rise if it clears the $0.1780 and $0.1800 resistance levels.<\/p>\n

Dogecoin Price Eyes More Gains<\/h2>\n

Dogecoin price started a fresh surge above the $0.1450 and $0.150 resistance levels. DOGE price gained over 20%, beating Bitcoin<\/a> and Ethereum<\/a>. The bulls were able to pump the price above the $0.1650 resistance.<\/p>\n

A high was formed at $0.1796 and the price is now consolidating gains. It is holding gains above the $0.1720 level. There is also a key bullish trend line forming with support at $0.1715 on the hourly chart of the DOGE\/USD pair. The trend line is well above the 23.6% Fib retracement level of the upward move from the $0.1275 swing low to the $0.1794 high.<\/p>\n

Dogecoin price is now trading above the $0.1650 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1765 level. The next major resistance is near the $0.1780 level.<\/p>\n

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

A close above the $0.1780 resistance might send the price toward the $0.1800 resistance. Any more gains might send the price toward the $0.1850 level. The next major stop for the bulls might be $0.2000.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1780 level, it could start another decline. Initial support on the downside is near the $0.1715 level and the trend line. The next major support is near the $0.1675 level.<\/p>\n

The main support sits at $0.1630. If there is a downside break below the $0.1630 support, the price could decline further. In the stated case, the price might decline toward the $0.1500 level or even $0.1420 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 $0.1715 and $0.1675.<\/p>\n

Major Resistance Levels \u2013 $0.1780 and $0.1800.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is up over 20% and trading above the $0.1650 support zone against the US Dollar. DOGE must clear the $0.1780 resistance to continue higher. DOGE price started a major increase above the $0.1500 resistance level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There is a key bullish […]<\/p>\n","protected":false},"author":0,"featured_media":16524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16523","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\/16523"}],"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=16523"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16524"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}