{"id":651676,"date":"2024-11-05T19:00:40","date_gmt":"2024-11-05T19:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=651676"},"modified":"2024-11-05T10:51:10","modified_gmt":"2024-11-05T10:51:10","slug":"will-dogecoin-smash-through-0-18-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/will-dogecoin-smash-through-0-18-level\/","title":{"rendered":"Dogecoin Price Rally Gains Momentum, Will DOGE Smash Through $0.18?"},"content":{"rendered":"

The Dogecoin<\/span>\u00a0price momentum is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for the popular <\/span>meme coin<\/span><\/a>. The recent surge in the Dogecoin price has captured the attention of both traders and long-term holders, sparking speculation about a possible <\/span>breakout<\/span> that could take it to new heights. With bullish pressure picking up, the widely circulating question is whether Dogecoin has the strength to break through its resistance and finally establish a new milestone.<\/span><\/p>\n

This article aims to explore the recent surge in Dogecoin\u2019s price and assess its capabilities to break through the pivotal $0.18 <\/span>resistance<\/span><\/a> level. Through technical analysis and a look at current <\/span>market<\/span><\/a> sentiment, this piece provides insights into the driving forces behind DOGE\u2019s rally and evaluates the breakout chances.<\/span><\/p>\n

Bullish Momentum Builds For Dogecoin Price<\/h2>\n

DOGE has consistently maintained its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling sustained upward movement and a strong bullish foundation. This steady hold above the SMA line indicates a supportive trend for further gains, as buyers have continued to show resilience in defending <\/span>key <\/span>levels<\/span><\/a>. Recently, the Dogecoin price rebounded from the $0.149 support level, fueling positive market sentiment and reaffirming the strength of buyer interest at this critical point.<\/span><\/p>\n

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

An analysis of the 4-hour Relative Strength Index (RSI) reveals renewed <\/span>bullish potential<\/span><\/a>, as the RSI has risen from the oversold zone above the 50% threshold. Currently seating at 65%, this upward shift suggests that buying <\/span>momentum<\/span><\/a> is gaining traction, indicating a transition from a bearish phase toward a more neutral, possibly bullish stance.<\/span><\/p>\n

Related Reading: Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?<\/a><\/div>\n

Furthermore, the daily chart reveals that Dogecoin is experiencing a strong move on the upside, highlighted by a series of positive candlesticks that suggest sustained buying pressure. This optimistic trend is reinforced by DOGE’s position above the 100-day SMA, a key level that signals continued strength in the current uptrend. As the Dogecoin price maintains this trajectory, market sentiment grows increasingly hopeful, creating a favorable setup for more <\/span>gains<\/span><\/a> as it approaches the $0.18 resistance level.<\/span><\/p>\n

\"Dogecoin\"
DOGE upside push aiming at the $0.18 mark | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Lastly, the RSI on the daily chart is now at 65%, recovering from a previous dip to 56%. If the RSI continues to ascend, it may signal enhanced strength in DOGE’s price action. Moreover, maintaining a position above the 60% mark could significantly increase the likelihood of ongoing <\/span>bullish<\/span><\/a> momentum and possible breakouts, solidifying the asset\u2019s positive sentiment.<\/span><\/p>\n

Will DOGE Power Through Or Pull Back?<\/h2>\n

The Dogecoin price is nearing the critical resistance level of $0.18, prompting speculation about its potential for continued gains. Should DOGE successfully break through this threshold, it could set the stage for a substantial <\/span>rally<\/span><\/a>, potentially reaching new highs. possibly leading to the establishment of a new all-time high.<\/span><\/p>\n

Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next?<\/a><\/div>\n

However, if DOGE is unable to surpass the resistance, it could result in profit-taking, which could cause a drop toward the $0.149 <\/span>support<\/span><\/a> level and other additional downside targets.<\/span><\/p>\n

\"Dogecoin\"
DOGE trading at $0.16 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":"

The Dogecoin\u00a0price momentum is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for the popular meme coin. The recent surge in the Dogecoin price has captured the attention of both traders and long-term holders, sparking speculation about a possible breakout that could take it to new heights. With bullish pressure picking up, the widely circulating question is whether Dogecoin has the strength to break through its resistance and finally establish a new milestone. This article aims to explore the recent surge in Dogecoin\u2019s price and assess its capabilities to break through the pivotal $0.18 resistance level. Through technical analysis and a look at current market sentiment, this piece provides insights into the driving forces behind DOGE\u2019s rally and evaluates the breakout chances. Bullish Momentum Builds For Dogecoin Price DOGE has consistently maintained its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling sustained upward movement and a strong bullish foundation. This steady hold above the SMA line indicates a supportive trend for further gains, as buyers have continued to show resilience in defending key levels. Recently, the Dogecoin price rebounded from the $0.149 support level, fueling positive market sentiment and reaffirming the strength of buyer interest at this critical point. An analysis of the 4-hour Relative Strength Index (RSI) reveals renewed bullish potential, as the RSI has risen from the oversold zone above the 50% threshold. Currently seating at 65%, this upward shift suggests that buying momentum is gaining traction, indicating a transition from a bearish phase toward a more neutral, possibly bullish stance. Related Reading: Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase? Furthermore, the daily chart reveals that Dogecoin is experiencing a strong move on the upside, highlighted by a series of positive candlesticks that suggest sustained buying pressure. This optimistic trend is reinforced by DOGE’s position above the 100-day SMA, a key level that signals continued strength in the current uptrend. As the Dogecoin price maintains this trajectory, market sentiment grows increasingly hopeful, creating a favorable setup for more gains as it approaches the $0.18 resistance level. Lastly, the RSI on the daily chart is now at 65%, recovering from a previous dip to 56%. If the RSI continues to ascend, it may signal enhanced strength in DOGE’s price action. Moreover, maintaining a position above the 60% mark could significantly increase the likelihood of ongoing bullish momentum and possible breakouts, solidifying the asset\u2019s positive sentiment. Will DOGE Power Through Or Pull Back? The Dogecoin price is nearing the critical resistance level of $0.18, prompting speculation about its potential for continued gains. Should DOGE successfully break through this threshold, it could set the stage for a substantial rally, potentially reaching new highs. possibly leading to the establishment of a new all-time high. Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? However, if DOGE is unable to surpass the resistance, it could result in profit-taking, which could cause a drop toward the $0.149 support level and other additional downside targets. Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":651681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,79599,79600,16393,14763,91599,85676],"class_list":["post-651676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nDogecoin Price Rally Gains Momentum, Will DOGE Smash Through $0.18?<\/title>\n<meta name=\"description\" content=\"The Dogecoin price is heating up as it makes another move toward the key $0.18 mark, a level that previously set an all-time high for DOGE.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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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 Price Rally Gains Momentum, Will DOGE Smash Through $0.18?","url":"http:\/\/wncen.com\/news\/dogecoin\/will-dogecoin-smash-through-0-18-level\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/will-dogecoin-smash-through-0-18-level\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Dogecoin-from-Unsplash-9.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Dogecoin-from-Unsplash-9.jpg?fit=3000%2C1996"},"articleSection":"Dogecoin","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","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-11-05T19:00:40Z","datePublished":"2024-11-05T19:00:40Z","dateModified":"2024-11-05T19:00:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Rally Gains Momentum, Will DOGE Smash Through $0.18?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/will-dogecoin-smash-through-0-18-level\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/will-dogecoin-smash-through-0-18-level\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Dogecoin-from-Unsplash-9.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Dogecoin-from-Unsplash-9.jpg?fit=3000%2C1996\"},\"articleSection\":\"Dogecoin\",\"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\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-11-05T19:00:40Z\",\"datePublished\":\"2024-11-05T19:00:40Z\",\"dateModified\":\"2024-11-05T19:00:40Z\"}<\/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\/11\/Dogecoin-from-Unsplash-9.jpg?fit=3000%2C1996","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651676","targetHints":{"allow":["GET"]}}],"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=651676"}],"version-history":[{"count":4,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651676\/revisions"}],"predecessor-version":[{"id":651702,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651676\/revisions\/651702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/651681"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=651676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=651676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=651676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}