{"id":21244,"date":"2024-11-18T05:18:25","date_gmt":"2024-11-18T05:18:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=21244"},"modified":"2024-11-18T05:18:25","modified_gmt":"2024-11-18T05:18:25","slug":"dogecoin-doge-eyes-0-50-again-is-a-new-rally-on-the-horizon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=21244","title":{"rendered":"Dogecoin (DOGE) Eyes $0.50 Again: Is a New Rally on the Horizon?"},"content":{"rendered":"

Dogecoin is consolidating gains above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400.<\/em><\/p>\n

DOGE price started a consolidating like Bitcoin and stayed above the $0.320 resistance level.
\nThe price is trading near the $0.3750 level and the 100-hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance at $0.3670 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could continue to rally if it clears the $0.400 and $0.4150 resistance levels.<\/p>\n

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

Dogecoin price started a consolidating phase above the $0.320 zone like Bitcoin<\/a> and Ethereum<\/a>. DOGE formed a base above $0.350 and is currently rising.<\/p>\n

There was a move above the $0.3550 and $0.3620 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.4342 swing high to the $0.3400 low. There was also a break above a key bearish trend line with resistance at $0.3670 on the hourly chart of the DOGE\/USD pair.<\/p>\n

Dogecoin price is now trading near the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3720 level.<\/p>\n

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

The next major resistance is near the $0.3880 level or the 50% Fib retracement level of the downward move from the $0.4342 swing high to the $0.3400 low. A close above the $0.3880 resistance might send the price toward the $0.400 resistance. Any more gains might send the price toward the $0.4200 level. The next major stop for the bulls might be $0.500.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.3720 level, it could start a downside correction. Initial support on the downside is near the $0.3650 level. The next major support is near the $0.3500 level.<\/p>\n

The main support sits at $0.320. If there is a downside break below the $0.320 support, the price could decline further. In the stated case, the price might decline toward the $0.300 level or even $0.2950 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 $0.3650 and $0.3500.<\/p>\n

Major Resistance Levels \u2013 $0.3720 and $0.3880.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is consolidating gains above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a consolidating like Bitcoin and stayed above the $0.320 resistance level. The price is trading near the $0.3750 level and the 100-hourly simple moving average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":21245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21244","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\/21244"}],"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=21244"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21245"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}