{"id":590610,"date":"2024-02-29T04:58:40","date_gmt":"2024-02-29T04:58:40","guid":{"rendered":"https:\/\/wncen.com\/?p=590610"},"modified":"2024-06-11T13:51:19","modified_gmt":"2024-06-11T13:51:19","slug":"dogecoin-price-soars-25","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-price-soars-25\/","title":{"rendered":"Dogecoin Price Soars 25%, Why DOGE Bulls Are Not Done Yet"},"content":{"rendered":"<p><em>Dogecoin is up over 25% against the US Dollar. DOGE cleared the $0.120 resistance and might continue to rise toward the $0.132 resistance.<\/em><\/p>\n<ul>\n<li>DOGE started a strong increase after it broke the $0.0850 resistance against the US dollar.<\/li>\n<li>The price is trading above the $0.120 level and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could extend its rally above the $0.1280 and $0.130 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Pumps Above $0.12<\/h2>\n<p>In the past few sessions, Dogecoin price started a strong increase from the $0.080 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone.<\/p>\n<p>There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE\/USD pair. It even broke the $0.100 resistance to move further into a positive zone like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-uptrend-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-bullish-spree-3500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>It is up over 25% and trading above $0.120. A new multi-week high was formed near $0.1282 and the price is now correcting gains. The price is well above the 23.6% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-590611\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?resize=1024%2C461\" alt=\"Dogecoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Doegcoin-DOGE_3f9141.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/p>\n<p>DOGE is also trading above the $0.1220 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1280 level. The next major resistance is near the $0.1320 level. A close above the $0.1320 resistance might send the price toward the $0.1450 resistance. The next major resistance is near $0.150. Any more gains might send the price toward the $0.1620 level.<\/p>\n<h2>Downside Correction in DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.1280 level, it could start a downside correction. Initial support on the downside is near the $0.120 level.<\/p>\n<p>The next major support is near the $0.1065 level or the 50% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high. If there is a downside break below the $0.1065 support, the price could decline further. In the stated case, the price might decline toward the $0.100 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $0.120, $0.1065 and $0.10.<\/p>\n<p>Major Resistance Levels \u2013 $0.1280, $0.1320, and $0.150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is up over 25% against the US Dollar. DOGE cleared the $0.120 resistance and might continue to rise toward the $0.132 resistance. DOGE started a strong increase after it broke the $0.0850 resistance against the US dollar. The price is trading above the $0.120 level and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken). The price could extend its rally above the $0.1280 and $0.130 resistance levels. Dogecoin Price Pumps Above $0.12 In the past few sessions, Dogecoin price started a strong increase from the $0.080 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone. There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE\/USD pair. It even broke the $0.100 resistance to move further into a positive zone like Bitcoin and Ethereum. It is up over 25% and trading above $0.120. A new multi-week high was formed near $0.1282 and the price is now correcting gains. The price is well above the 23.6% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high. Source: DOGEUSD on TradingView.com DOGE is also trading above the $0.1220 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1280 level. The next major resistance is near the $0.1320 level. A close above the $0.1320 resistance might send the price toward the $0.1450 resistance. The next major resistance is near $0.150. Any more gains might send the price toward the $0.1620 level. Downside Correction in DOGE? If DOGE\u2019s price fails to gain pace above the $0.1280 level, it could start a downside correction. Initial support on the downside is near the $0.120 level. The next major support is near the $0.1065 level or the 50% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high. If there is a downside break below the $0.1065 support, the price could decline further. In the stated case, the price might decline toward the $0.100 level. Technical Indicators 4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bullish zone. 4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the overbought zone. Major Support Levels \u2013 $0.120, $0.1065 and $0.10. Major Resistance Levels \u2013 $0.1280, $0.1320, and $0.150.<\/p>\n","protected":false},"author":67,"featured_media":462962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1788,7,79599,79600],"class_list":["post-590610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Price Soars 25%, Why DOGE Bulls Are Not Done Yet<\/title>\n<meta name=\"description\" content=\"Dogecoin is up over 25% against the US Dollar. 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