{"id":23851,"date":"2024-11-27T05:08:54","date_gmt":"2024-11-27T05:08:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23851"},"modified":"2024-11-27T05:08:54","modified_gmt":"2024-11-27T05:08:54","slug":"dogecoin-doge-gearing-up-can-it-overcome-resistance-and-climb","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23851","title":{"rendered":"Dogecoin (DOGE) Gearing Up: Can It Overcome Resistance and Climb?"},"content":{"rendered":"

Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance.<\/em><\/p>\n

DOGE price started a downside correction below the $0.420 level.
\nThe price is trading below the $0.400 level and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.3920 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another increase if it clears the $0.400 and $0.4100 resistance levels.<\/p>\n

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

Dogecoin price started a downside correction below $0.450 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded below the $0.420 and $0.400 support levels. A low was formed at $0.3646 and the price is now consolidating losses.<\/p>\n

There was a minor increase above the $0.380 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.4808 swing high to the $0.3646 low. However, the bears seem to be active below the $0.40 level.<\/p>\n

Dogecoin price is now trading above the $0.40 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3920 level. There is also a key bearish trend line forming with resistance at $0.3920 on the hourly chart of the DOGE\/USD pair.<\/p>\n

The first major resistance for the bulls could be near the $0.400 level. The next major resistance is near the $0.4220 level or the 50% Fib retracement level of the downward move from the $0.4808 swing high to the $0.3646 low.<\/p>\n

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

A close above the $0.4220 resistance might send the price toward the $0.4520 resistance. Any more gains might send the price toward the $0.4800 level. The next major stop for the bulls might be $0.500.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.400 level, it could start another decline. Initial support on the downside is near the $0.3780 level. The next major support is near the $0.3650 level.<\/p>\n

The main support sits at $0.3500. If there is a downside break below the $0.3500 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 losing momentum in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now near the 50 level.<\/p>\n

Major Support Levels \u2013 $0.3780 and $0.3650.<\/p>\n

Major Resistance Levels \u2013 $0.4000 and $0.4220.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance. DOGE price started a downside correction below the $0.420 level. The price is trading below the $0.400 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":23852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23851","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\/23851"}],"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=23851"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23852"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}