{"id":42105,"date":"2025-02-06T05:08:23","date_gmt":"2025-02-06T05:08:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=42105"},"modified":"2025-02-06T05:08:23","modified_gmt":"2025-02-06T05:08:23","slug":"dogecoin-doge-attempts-a-comeback-can-it-clear-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=42105","title":{"rendered":"Dogecoin (DOGE) Attempts a Comeback: Can It Clear Resistance?"},"content":{"rendered":"

Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270.<\/em><\/p>\n

DOGE price started a recovery wave above the $0.2350 and $0.2420 levels.
\nThe price is trading below the $0.2780 level and the 100-hourly simple moving average.
\nThere is a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another increase if it clears the $0.260 and $0.270 resistance levels.<\/p>\n

Dogecoin Price Faces Resistance<\/h2>\n

Dogecoin price started a fresh decline from the $0.3450 resistance zone, like Bitcoin<\/a> and Ethereum<\/a>. DOGE dipped below the $0.300 and $0.250 support levels. It even spiked below $0.220.<\/p>\n

The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 50% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low.<\/p>\n

However, the bears are active near the $0.280 zone. Dogecoin price is now trading below the $0.270 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level.<\/p>\n

There is also a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE\/USD pair. The first major resistance for the bulls could be near the $0.270 level. The next major resistance is near the $0.2850 level or the 61.8% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low.<\/p>\n

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

A close above the $0.2850 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.270 level, it could start another decline. Initial support on the downside is near the $0.2420 level. The next major support is near the $0.2250 level.<\/p>\n

The main support sits at $0.220. If there is a downside break below the $0.220 support, the price could decline further. In the stated case, the price might decline toward the $0.2020 level or even $0.200 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 below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.2420 and $0.2250.<\/p>\n

Major Resistance Levels \u2013 $0.2700 and $0.2850.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270. DOGE price started a recovery wave above the $0.2350 and $0.2420 levels. The price is trading below the $0.2780 level and the 100-hourly simple moving average. There is a major bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":42106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42105","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\/42105"}],"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=42105"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/42106"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}