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{"id":517083,"date":"2023-01-23T01:07:36","date_gmt":"2023-01-23T06:07:36","guid":{"rendered":"https:\/\/wncen.com\/?p=517083"},"modified":"2024-06-11T13:02:46","modified_gmt":"2024-06-11T13:02:46","slug":"dogecoin-price-rally-0-092","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-price-rally-0-092\/","title":{"rendered":"Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally"},"content":{"rendered":"

Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.<\/em><\/p>\n

\n
DOGE gained pace and traded above the $0.085 resistance against the US dollar.<\/li>\n
The price is trading above the $0.0850 zone and the 100 simple moving average (4-hours).<\/li>\n
There is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The pair could rise further if there is a clear close above the $0.092 resistance.<\/li>\n<\/ul>\n
Dogecoin Price Eyes Upside Break<\/h2>\n
After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.<\/p>\n
There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin<\/a> and ethereum<\/a>. A new yearly high was formed near $0.0934 and the price is now consolidating gains.<\/p>\n
It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).<\/p>\n
There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.<\/p>\n
$\"Dogecoin$ <\/a><\/p>\n
Source: DOGEUSD on TradingView.com<\/a><\/p>\n
A clear move above the $0.092 resistance might send the price towards the $0.098 resistance. Any more gains might send the price towards the $0.100 level. A clear move above the $0.100 resistance could open the gates for a rally towards the $0.112 level.<\/p>\n
Dips Supported in DOGE?<\/h2>\n
If DOGE price fails to gain pace above the $0.092 level, it could start a downside correction. An initial support on the downside is near the $0.0880 level.<\/p>\n
The next major support is near the $0.085 level or the 50% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. If there is a downside break below the $0.085 support, the price could decline further. In the stated case, the price might decline towards the $0.082 level and the trend line.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.088, $0.0850 and $0.0820.<\/p>\n
Major Resistance Levels \u2013 $0.0915, $0.0920 and $0.098.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance. DOGE gained pace and traded above the $0.085 resistance against the US dollar. The price is trading above the $0.0850 zone and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.092 resistance. Dogecoin Price Eyes Upside Break After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance. There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin and ethereum. A new yearly high was formed near $0.0934 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level. Source: DOGEUSD on TradingView.com A clear move above the $0.092 resistance might send the price towards the $0.098 resistance. Any more gains might send the price towards the $0.100 level. A clear move above the $0.100 resistance could open the gates for a rally towards the $0.112 level. Dips Supported in DOGE? If DOGE price fails to gain pace above the $0.092 level, it could start a downside correction. An initial support on the downside is near the $0.0880 level. The next major support is near the $0.085 level or the 50% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. If there is a downside break below the $0.085 support, the price could decline further. In the stated case, the price might decline towards the $0.082 level and the trend line. 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 above the 50 level. Major Support Levels \u2013 $0.088, $0.0850 and $0.0820. Major Resistance Levels \u2013 $0.0915, $0.0920 and $0.098.<\/p>\n","protected":false},"author":67,"featured_media":517085,"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":[1785,79602,7,79599,79600],"class_list":["post-517083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge","tag-doge-usdt","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally<\/title>\n<meta name=\"description\" content=\"Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance. 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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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