{"id":650240,"date":"2024-10-28T21:00:29","date_gmt":"2024-10-28T21:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=650240"},"modified":"2024-10-28T10:20:58","modified_gmt":"2024-10-28T10:20:58","slug":"dogecoin-poised-for-0-1491-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/doge\/dogecoin-poised-for-0-1491-breakout\/","title":{"rendered":"Dogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential"},"content":{"rendered":"

Dogecoin<\/span> is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark. The Relative Strength Index (RSI) has shifted into bullish territory, signaling growing momentum and showing that further <\/span>gains<\/span><\/a> could be on the horizon. This uptick in RSI suggests that buyer confidence is strengthening, setting Dogecoin up for a significant upward push.<\/span><\/p>\n

This analysis aims to explore Dogecoin’s <\/span>bullish<\/span> potential as it approaches a key resistance level at $0.1491. It will provide insights into the increasing buying interest and the possibility of an upward <\/span>breakout<\/span><\/a>, examining the recent shift in the RSI and other technical indicators.<\/span><\/p>\n

RSI Signals Growing Bullish Sentiment For Dogecoin<\/h2>\n

Following the recent <\/span>recovery<\/span><\/a> at $0.1293, DOGE’s price on the 4-hour chart has continued to gain pressure, approaching $0.1491 while aiming to break past it. DOGE is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a possible breakout.<\/span><\/p>\n

\"Dogecoin\"
DOGE approaching the $0.1491 level with strong momentum | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

An analysis of the 4-hour Relative Strength Index (RSI) indicates potential for further upward movement, with the RSI rebounding to the 62% level after a previous dip to 34%. As the RSI continues to rise, traders are increasingly optimistic about the asset’s future performance. If this upside <\/span>momentum<\/span><\/a> persists, it could pave the way for a significant price increase, possibly challenging key resistance levels.<\/span><\/p>\n

Related Reading: Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?<\/a><\/div>\n

Also, on the daily chart, Dogecoin has shown strong upside movement, reflected in multiple positive candlesticks following a successful rebound at $0.1293 as it continues to trade above the 100-day SMA. Trading above the 100-day SMA not only suggests that Dogecoin is in a bullish phase but also signifies that previous resistance levels may now serve as support, providing a safety net for future price movements.<\/span><\/p>\n

\"Dogecoin\"
Dogecoin demonstrating strength above the 100-day SMA | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, on the 1-day chart, a detailed examination of the RSI formation indicates renewed upbeat strength for DOGE as the <\/span>indicator<\/span><\/a>‘s signal line has risen again to 64% after dropping to\u00a0 57%, suggesting a sustained optimistic outlook.<\/span><\/p>\n

Potential Upside Targets: What Lies Beyond $0.1491?<\/a><\/h2>\n

As Dogecoin nears the $0.1491 resistance level, attention turns to potential upside targets in the event of a breakout. If DOGE successfully breaks through this key threshold, the next significant target could be approximately $0.1649, where <\/span>historical<\/span><\/a> resistance may come into play. Should the bullish momentum persist and overcome this level, DOGE could advance to test even higher price levels.<\/span><\/p>\n

Related Reading: Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means<\/a><\/div>\n

However, if the meme coin fails to sustain its upward strength, DOGE may retrace to the previous <\/span>support<\/span><\/a> level of $0.1293. When this level is breached, it could trigger additional declines, which could lead to a drop toward $0.0914 and other lower price ranges.<\/span><\/p>\n

\"Dogecoin\"
Dogecoin trading at $0.14 on the 1D chart | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark. The Relative Strength Index (RSI) has shifted into bullish territory, signaling growing momentum and showing that further gains could be on the horizon. This uptick in RSI suggests that buyer confidence is strengthening, setting Dogecoin up for a significant upward push. This analysis aims to explore Dogecoin’s bullish potential as it approaches a key resistance level at $0.1491. It will provide insights into the increasing buying interest and the possibility of an upward breakout, examining the recent shift in the RSI and other technical indicators. RSI Signals Growing Bullish Sentiment For Dogecoin Following the recent recovery at $0.1293, DOGE’s price on the 4-hour chart has continued to gain pressure, approaching $0.1491 while aiming to break past it. DOGE is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a possible breakout. An analysis of the 4-hour Relative Strength Index (RSI) indicates potential for further upward movement, with the RSI rebounding to the 62% level after a previous dip to 34%. As the RSI continues to rise, traders are increasingly optimistic about the asset’s future performance. If this upside momentum persists, it could pave the way for a significant price increase, possibly challenging key resistance levels. Related Reading: Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher? Also, on the daily chart, Dogecoin has shown strong upside movement, reflected in multiple positive candlesticks following a successful rebound at $0.1293 as it continues to trade above the 100-day SMA. Trading above the 100-day SMA not only suggests that Dogecoin is in a bullish phase but also signifies that previous resistance levels may now serve as support, providing a safety net for future price movements. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates renewed upbeat strength for DOGE as the indicator‘s signal line has risen again to 64% after dropping to\u00a0 57%, suggesting a sustained optimistic outlook. Potential Upside Targets: What Lies Beyond $0.1491? As Dogecoin nears the $0.1491 resistance level, attention turns to potential upside targets in the event of a breakout. If DOGE successfully breaks through this key threshold, the next significant target could be approximately $0.1649, where historical resistance may come into play. Should the bullish momentum persist and overcome this level, DOGE could advance to test even higher price levels. Related Reading: Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means However, if the meme coin fails to sustain its upward strength, DOGE may retrace to the previous support level of $0.1293. When this level is breached, it could trigger additional declines, which could lead to a drop toward $0.0914 and other lower price ranges. Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":650248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1785,7,79599,79600,93287,16393,91599,85676],"class_list":["post-650240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-doge","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-esi","tag-relative-strength-index","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nDogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential<\/title>\n<meta name=\"description\" content=\"Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential","url":"http:\/\/wncen.com\/analysis\/doge\/dogecoin-poised-for-0-1491-breakout\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/doge\/dogecoin-poised-for-0-1491-breakout\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin-from-Unsplash-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin-from-Unsplash-4.jpg?fit=3000%2C1996"},"articleSection":"DOGE","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","dogecoin","dogeusd","dogeusdt","esi","relative strength index","simple moving average","sma"],"dateCreated":"2024-10-28T21:00:29Z","datePublished":"2024-10-28T21:00:29Z","dateModified":"2024-10-28T21:00:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/doge\\\/dogecoin-poised-for-0-1491-breakout\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/doge\\\/dogecoin-poised-for-0-1491-breakout\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin-from-Unsplash-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin-from-Unsplash-4.jpg?fit=3000%2C1996\"},\"articleSection\":\"DOGE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"dogecoin\",\"dogeusd\",\"dogeusdt\",\"esi\",\"relative strength index\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-10-28T21:00:29Z\",\"datePublished\":\"2024-10-28T21:00:29Z\",\"dateModified\":\"2024-10-28T21:00:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin-from-Unsplash-4.jpg?fit=3000%2C1996","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650240"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=650240"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650240\/revisions"}],"predecessor-version":[{"id":650263,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650240\/revisions\/650263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/650248"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=650240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=650240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=650240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}