{"id":33450,"date":"2025-01-06T07:08:43","date_gmt":"2025-01-06T07:08:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=33450"},"modified":"2025-01-06T07:08:43","modified_gmt":"2025-01-06T07:08:43","slug":"dogecoin-doge-bulls-flex-strength-momentum-builds-for-next-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=33450","title":{"rendered":"Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move"},"content":{"rendered":"

Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance.<\/em><\/p>\n

DOGE price started a fresh increase above $0.350 and $0.3650.
\nThe price is trading above the $0.370 level and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain momentum if it clears the $0.3880 and $0.3920 resistance levels.<\/p>\n

Dogecoin Price Holds Support<\/h2>\n

Dogecoin price started a fresh increase from the $0.3120 support, like Bitcoin<\/a> and Ethereum<\/a>. DOGE was able to surpass the $0.3350 resistance and $0.350. It even cleared the $0.3880 level before there was a downside correction.<\/p>\n

A low was formed at $0.3750 and the price is now rising. There was a move above the $0.380 resistance. Besides, there was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE\/USD pair.<\/p>\n

The pair climbed above the 50% Fib retracement level of the downward move from the $0.3986 swing high to the $0.3750 low. Dogecoin price is now trading above the $0.380 level and the 100-hourly simple moving average.<\/p>\n

Immediate resistance on the upside is near the $0.3880 level or the 61.8% Fib retracement level of the downward move from the $0.3986 swing high to the $0.3750 low. The first major resistance for the bulls could be near the $0.3920 level.<\/p>\n

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

The next major resistance is near the $0.40 level. A close above the $0.40 resistance might send the price toward the $0.420 resistance. Any more gains might send the price toward the $0.4380 level. The next major stop for the bulls might be $0.450.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.3880 level, it could start another decline. Initial support on the downside is near the $0.380 level. The next major support is near the $0.3750 level.<\/p>\n

The main support sits at $0.3650. If there is a downside break below the $0.3650 support, the price could decline further. In the stated case, the price might decline toward the $0.350 level or even $0.3420 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.380 and $0.3750.<\/p>\n

Major Resistance Levels \u2013 $0.3880 and $0.3920.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance. DOGE price started a fresh increase above $0.350 and $0.3650. The price is trading above the $0.370 level and the 100-hourly simple moving average. There was a break […]<\/p>\n","protected":false},"author":0,"featured_media":33451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33450","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\/33450"}],"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=33450"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33451"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}