{"id":17613,"date":"2024-11-04T05:18:29","date_gmt":"2024-11-04T05:18:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=17613"},"modified":"2024-11-04T05:18:29","modified_gmt":"2024-11-04T05:18:29","slug":"dogecoin-doge-poised-for-a-move-will-it-start-a-fresh-increase","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=17613","title":{"rendered":"Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?"},"content":{"rendered":"

Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses.<\/em><\/p>\n

DOGE price started a fresh decline from the $0.180 resistance level.
\nThe price is trading below the $0.1650 level and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a fresh increase if it clears the $0.1550 and $0.1580 resistance levels.<\/p>\n

Dogecoin Price Eyes Fresh Increase<\/h2>\n

Dogecoin price started a fresh decline after it failed to clear the $0.180 resistance like Bitcoin<\/a> and Ethereum<\/a>. DOGE declined below the $0.1720 and $0.1650 support levels.<\/p>\n

The price even declined below $0.1550 before the bulls appeared. A low was formed at $0.1422 and the price is now attempting a recovery wave. There was a move above the $0.150 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low.<\/p>\n

Dogecoin price is now trading below the $0.1550 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1550 level. The next major resistance is near the $0.1580 level. There is also a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE\/USD pair.<\/p>\n

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

A close above the $0.1580 resistance might send the price toward the $0.1600 resistance. Any more gains might send the price toward the $0.1650 level or the 61.8% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low. The next major stop for the bulls might be $0.1720.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1550 level, it could start another decline. Initial support on the downside is near the $0.1480 level. The next major support is near the $0.1420 level.<\/p>\n

The main support sits at $0.1400. If there is a downside break below the $0.1400 support, the price could decline further. In the stated case, the price might decline toward the $0.1320 level or even $0.1300 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish 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 $0.1480 and $0.1420.<\/p>\n

Major Resistance Levels \u2013 $0.1550 and $0.1580.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses. DOGE price started a fresh decline from the $0.180 resistance level. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":17614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17613","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\/17613"}],"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=17613"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/17614"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}