{"id":25902,"date":"2024-12-05T05:08:06","date_gmt":"2024-12-05T05:08:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25902"},"modified":"2024-12-05T05:08:06","modified_gmt":"2024-12-05T05:08:06","slug":"dogecoin-doge-bounces-back-is-a-new-rally-brewing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25902","title":{"rendered":"Dogecoin (DOGE) Bounces Back: Is a New Rally Brewing?"},"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 $0.4650 resistance.<\/em><\/p>\n

DOGE price started a fresh increase above the $0.420 level.
\nThe price is trading above the $0.4250 level and the 100-hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another rally if it clears the $0.450 and $0.4650 resistance levels.<\/p>\n

Dogecoin Price Regains Momentum<\/h2>\n

Dogecoin price started a fresh increase above $0.410 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded above the $0.4200 and $0.4250 resistance levels.<\/p>\n

There was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low.<\/p>\n

Dogecoin price is now trading above the $0.420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4450 level. It is near the 76.4% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low.<\/p>\n

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

The first major resistance for the bulls could be near the $0.450 level. The next major resistance is near the $0.4650 level. A close above the $0.4650 resistance might send the price toward the $0.4750 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 $0.4450 level, it could start another decline. Initial support on the downside is near the $0.4250 level. The next major support is near the $0.4120 level.<\/p>\n

The main support sits at $0.400. If there is a downside break below the $0.400 support, the price could decline further. In the stated case, the price might decline toward the $0.3880 level or even $0.3750 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 $0.4250 and $0.4120.<\/p>\n

Major Resistance Levels \u2013 $0.4450 and $0.4650.<\/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 $0.4650 resistance. DOGE price started a fresh increase above the $0.420 level. The price is trading above the $0.4250 level and the 100-hourly simple moving average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":25903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25902","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\/25902"}],"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=25902"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25903"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}