{"id":24949,"date":"2024-12-02T05:08:11","date_gmt":"2024-12-02T05:08:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24949"},"modified":"2024-12-02T05:08:11","modified_gmt":"2024-12-02T05:08:11","slug":"dogecoin-doge-eyes-big-break-0-50-within-reach","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24949","title":{"rendered":"Dogecoin (DOGE) Eyes Big Break: $0.50 Within Reach"},"content":{"rendered":"

Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance.<\/em><\/p>\n

DOGE price started a fresh increase above the $0.440 level.
\nThe price is trading above the $0.4350 level and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another increase if it clears the $0.4600 and $0.4640 resistance levels.<\/p>\n

Dogecoin Price Regains Momentum<\/h2>\n

Dogecoin price started a fresh increase above $0.4150 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded above the $0.4250 and $0.4400 resistance levels. The price is up over 5% and the recent high was formed at $0.4637.<\/p>\n

The price is now consolidating gains below the $0.450 level. There was a minor decline toward the $0.4450 and $0.4400 levels and the 23.6% Fib retracement level of the upward move from the $0.3646 swing low to the $0.4637 high.<\/p>\n

Dogecoin price is now trading above the $0.430 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE\/USD pair.<\/p>\n

Immediate resistance on the upside is near the $0.4550 level. The first major resistance for the bulls could be near the $0.46400 level. The next major resistance is near the $0.4720 level.<\/p>\n

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

A close above the $0.4720 resistance might send the price toward the $0.4880 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200.<\/p>\n

Downside Correction In DOGE?<\/h2>\n

If DOGE\u2019s price fails to climb above the $0.4500 level, it could start another decline. Initial support on the downside is near the $0.4400 level. The next major support is near the $0.430 level and the trend line.<\/p>\n

The main support sits at $0.4150. If there is a downside break below the $0.4150 support, the price could decline further. In the stated case, the price might decline toward the $0.4000 level or even $0.3800 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining 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 $0.4400 and $0.4300.<\/p>\n

Major Resistance Levels \u2013 $0.4500 and $0.4640.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance. DOGE price started a fresh increase above the $0.440 level. The price is trading above the $0.4350 level and the 100-hourly simple moving average. There is a key bullish […]<\/p>\n","protected":false},"author":0,"featured_media":24950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24949","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\/24949"}],"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=24949"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24950"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}