{"id":30771,"date":"2024-12-24T05:08:30","date_gmt":"2024-12-24T05:08:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30771"},"modified":"2024-12-24T05:08:30","modified_gmt":"2024-12-24T05:08:30","slug":"dogecoin-doge-hints-at-revival-can-it-defy-the-odds","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30771","title":{"rendered":"Dogecoin (DOGE) Hints at Revival: Can It Defy The Odds?"},"content":{"rendered":"

Dogecoin dived toward the $0.2620 support against the US Dollar. DOGE is now recovering losses and might gain traction if it clears the $0.3350 resistance.<\/em><\/p>\n

DOGE price started a recovery wave above the $0.30 level.
\nThe price is trading above the $0.320 level and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $0.3120 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain momentum if it clears the $0.3350 and $0.350 resistance levels.<\/p>\n

Dogecoin Price Recovers Ground<\/h2>\n

Dogecoin price started a fresh decline from well above $0.3550 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded below the $0.3350 and $0.320 support levels. It even spiked below $0.280.<\/p>\n

A low was formed at $0.2613 and the price is now recovering losses. It recovered some points and climbed above $0.300. It tested the 23.6% Fib retracement level of the downward move from the $0.4095 swing high to the $0.2613 low.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $0.3120 on the hourly chart of the DOGE\/USD pair. Dogecoin price is now trading above the $0.320 level and the 100-hourly simple moving average.<\/p>\n

Immediate resistance on the upside is near the $0.3350 level. The first major resistance for the bulls could be near the $0.3520 level or the 61.8% Fib retracement level of the downward move from the $0.4095 swing high to the $0.2613 low.<\/p>\n

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

The next major resistance is near the $0.3750 level. A close above the $0.3750 resistance might send the price toward the $0.3880 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.4120.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.30 level. The next major support is near the $0.2850 level.<\/p>\n

The main support sits at $0.2620. If there is a downside break below the $0.2620 support, the price could decline further. In the stated case, the price might decline toward the $0.250 level or even $0.2320 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 $0.3000 and $0.2850.<\/p>\n

Major Resistance Levels \u2013 $0.3350 and $0.3500.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin dived toward the $0.2620 support against the US Dollar. DOGE is now recovering losses and might gain traction if it clears the $0.3350 resistance. DOGE price started a recovery wave above the $0.30 level. The price is trading above the $0.320 level and the 100-hourly simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":30772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30771","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\/30771"}],"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=30771"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30772"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}