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{"id":653019,"date":"2024-11-14T04:58:00","date_gmt":"2024-11-14T04:58:00","guid":{"rendered":"https:\/\/wncen.com\/?p=653019"},"modified":"2024-11-14T04:21:25","modified_gmt":"2024-11-14T04:21:25","slug":"dogecoin-doge-momentum-0-40","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/doge\/dogecoin-doge-momentum-0-40\/","title":{"rendered":"Dogecoin (DOGE) Momentum Seems Unstoppable: How High Can It Go?"},"content":{"rendered":"

Dogecoin started a fresh surge above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.4180.<\/em><\/p>\n

\n
DOGE price started a fresh rally like Bitcoin and climbed above the $0.350 resistance level.<\/li>\n
The price is trading above the $0.3650 level and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $0.3870 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could continue to rally if it clears the $0.400 and $0.4150 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Eyes Fresh Surge<\/h2>\n
Dogecoin price started a fresh surge after it cleared the $0.320 resistance like Bitcoin<\/a> and Ethereum<\/a>. DOGE was able to gain pace for a move above the $0.3800 and $0.400 resistance levels.<\/p>\n
The pair even surged above $0.4200. A high was formed at $0.4342 and the price is now correcting gains. There was a move below the $0.40 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high.<\/p>\n
However, the bulls are active near the $0.3850 zone. Dogecoin price is now trading above the $0.3650 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.3870 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Immediate resistance on the upside is near the $0.400 level. The next major resistance is near the $0.4150 level. A close above the $0.4150 resistance might send the price toward the $0.4320 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.4650.<\/p>\n
Are Dips Supported In DOGE?<\/h2>\n
If DOGE\u2019s price fails to climb above the $0.4150 level, it could start a downside correction. Initial support on the downside is near the $0.3870 level and the trend line. The next major support is near the $0.3715 level.<\/p>\n
The main support sits at $0.3420. If there is a downside break below the $0.3420 support, the price could decline further. In the stated case, the price might decline toward the $0.3150 level or even $0.300 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish 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 $0.3870 and $0.3715.<\/p>\n
Major Resistance Levels \u2013 $0.4000 and $0.4150.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin started a fresh surge above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.4180. DOGE price started a fresh rally like Bitcoin and climbed above the $0.350 resistance level. The price is trading above the $0.3650 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3870 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.400 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Surge Dogecoin price started a fresh surge after it cleared the $0.320 resistance like Bitcoin and Ethereum. DOGE was able to gain pace for a move above the $0.3800 and $0.400 resistance levels. The pair even surged above $0.4200. A high was formed at $0.4342 and the price is now correcting gains. There was a move below the $0.40 level. The price dipped below the 50% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high. However, the bulls are active near the $0.3850 zone. Dogecoin price is now trading above the $0.3650 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.3870 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.3519 swing low to the $0.4342 high. Immediate resistance on the upside is near the $0.400 level. The next major resistance is near the $0.4150 level. A close above the $0.4150 resistance might send the price toward the $0.4320 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.4650. Are Dips Supported In DOGE? If DOGE\u2019s price fails to climb above the $0.4150 level, it could start a downside correction. Initial support on the downside is near the $0.3870 level and the trend line. The next major support is near the $0.3715 level. The main support sits at $0.3420. If there is a downside break below the $0.3420 support, the price could decline further. In the stated case, the price might decline toward the $0.3150 level or even $0.300 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level. Major Support Levels \u2013 $0.3870 and $0.3715. Major Resistance Levels \u2013 $0.4000 and $0.4150.<\/p>\n","protected":false},"author":67,"featured_media":653021,"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":[1788,7,79599,79600,84471],"class_list":["post-653019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Momentum Seems Unstoppable: How High Can It Go?<\/title>\n<meta name=\"description\" content=\"Dogecoin started a fresh surge above the $0.320 resistance against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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