{"id":611678,"date":"2024-06-06T04:48:42","date_gmt":"2024-06-06T04:48:42","guid":{"rendered":"https:\/\/wncen.com\/?p=611678"},"modified":"2024-06-11T13:11:09","modified_gmt":"2024-06-11T13:11:09","slug":"dogecoin-holds-strong-0-1640","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-holds-strong-0-1640\/","title":{"rendered":"Dogecoin Holds Strong Support: DOGE Primed for a Major Move Higher!"},"content":{"rendered":"<p><em>Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. DOGE is holding gains and might aim for a move above $0.1650.<\/em><\/p>\n<ul>\n<li>DOGE price is moving higher above the $0.160 resistance zone.<\/li>\n<li>The price is trading above the $0.160 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price must settle above $0.1650 to gain bullish momentum and continue higher.<\/li>\n<\/ul>\n<h2>Dogecoin Price Holds Support<\/h2>\n<p>In the past few sessions, Dogecoin price started a steady increase above the $0.1500 zone, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-climbs-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-green-3880\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. DOGE bulls were able to push the price above the $0.160 resistance zone.<\/p>\n<p>The recent swing high was formed at $0.1646 before the price started a downside correction There was a drop below the $0.1620 support zone. The price spiked below the 23.6% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high.<\/p>\n<p>Dogecoin is now trading above the $0.160 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE\/USD pair.<\/p>\n<figure id=\"attachment_611679\" aria-describedby=\"caption-attachment-611679\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-611679 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?resize=1024%2C449\" alt=\"Dogecoin Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-611679\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>On the upside, the price is facing resistance near the $0.1640 level. The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1720 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800.<\/p>\n<h2>Downside Correction In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.1650 level, it could start another decline. Initial support on the downside is near the $0.160 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high.<\/p>\n<p>The next major support is near the $0.1580 level. If there is a downside break below the $0.1580 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.1620, $0.1600 and $0.1580.<\/p>\n<p>Major Resistance Levels \u2013 $0.1640, $0.1650, and $0.1720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. DOGE is holding gains and might aim for a move above $0.1650. DOGE price is moving higher above the $0.160 resistance zone. The price is trading above the $0.160 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price must settle above $0.1650 to gain bullish momentum and continue higher. Dogecoin Price Holds Support In the past few sessions, Dogecoin price started a steady increase above the $0.1500 zone, like Bitcoin and Ethereum. DOGE bulls were able to push the price above the $0.160 resistance zone. The recent swing high was formed at $0.1646 before the price started a downside correction There was a drop below the $0.1620 support zone. The price spiked below the 23.6% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high. Dogecoin is now trading above the $0.160 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE\/USD pair. On the upside, the price is facing resistance near the $0.1640 level. The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1720 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800. Downside Correction In DOGE? If DOGE\u2019s price fails to gain pace above the $0.1650 level, it could start another decline. Initial support on the downside is near the $0.160 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high. The next major support is near the $0.1580 level. If there is a downside break below the $0.1580 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level. 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 $0.1620, $0.1600 and $0.1580. Major Resistance Levels \u2013 $0.1640, $0.1650, and $0.1720.<\/p>\n","protected":false},"author":67,"featured_media":611680,"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-611678","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 Holds Strong Support: DOGE Primed for a Major Move Higher!<\/title>\n<meta name=\"description\" content=\"Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Holds Strong Support: DOGE Primed for a Major Move Higher!","url":"http:\/\/wncen.com\/news\/dogecoin-holds-strong-0-1640\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-holds-strong-0-1640\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Dogecoin-rise.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Dogecoin-rise.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge\/btc","dogecoin","dogeusd","dogeusdt"],"dateCreated":"2024-06-06T04:48:42Z","datePublished":"2024-06-06T04:48:42Z","dateModified":"2024-06-11T13:11:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Holds Strong Support: DOGE Primed for a Major Move Higher!\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-holds-strong-0-1640\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-holds-strong-0-1640\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Dogecoin-rise.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Dogecoin-rise.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\\\/btc\",\"dogecoin\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-06-06T04:48:42Z\",\"datePublished\":\"2024-06-06T04:48:42Z\",\"dateModified\":\"2024-06-11T13:11:09Z\"}<\/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\/06\/Dogecoin-rise.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/611678"}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=611678"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/611678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/611680"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=611678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=611678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=611678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}