{"id":22581,"date":"2024-11-22T05:08:37","date_gmt":"2024-11-22T05:08:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=22581"},"modified":"2024-11-22T05:08:37","modified_gmt":"2024-11-22T05:08:37","slug":"dogecoin-doge-shows-renewed-energy-rally-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=22581","title":{"rendered":"Dogecoin (DOGE) Shows Renewed Energy: Rally Incoming?"},"content":{"rendered":"

Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400.<\/em><\/p>\n

DOGE price started a fresh increase above the $0.3750 resistance level.
\nThe price is trading above the $0.3800 level and the 100-hourly simple moving average.
\nThere was a break above a short-term contracting triangle with resistance at $0.390 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 $0.4080 resistance levels.<\/p>\n

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

Dogecoin price remained supported above the $0.350 level and recently started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. DOGE was able to clear the $0.3650 and $0.3750 resistance levels.<\/p>\n

The price climbed above the 50% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE\/USD pair.<\/p>\n

Dogecoin price is now trading above the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3950 level or the 61.8% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low.<\/p>\n

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

The first major resistance for the bulls could be near the $0.400 level. The next major resistance is near the $0.4080 level. A close above the $0.4080 resistance might send the price toward the $0.4200 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.500.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.400 level, it could start a downside correction. Initial support on the downside is near the $0.3850 level. The next major support is near the $0.3750 level.<\/p>\n

The main support sits at $0.3550. If there is a downside break below the $0.3550 support, the price could decline further. In the stated case, the price might decline toward the $0.3200 level or even $0.300 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 $0.3850 and $0.3750.<\/p>\n

Major Resistance Levels \u2013 $0.4000 and $0.4200.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a fresh increase above the $0.3750 resistance level. The price is trading above the $0.3800 level and the 100-hourly simple moving average. There was a break above a short-term contracting […]<\/p>\n","protected":false},"author":0,"featured_media":22582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22581","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\/22581"}],"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=22581"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22582"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}