terça-feira, janeiro 21, 2025
HomeMarketDogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?

Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?


Dogecoin began a draw back correction from the $0.4050 zone towards the US Dollar. DOGE is now consolidating and would possibly try a recent enhance if it clears the $0.3680 resistance.

  • DOGE worth began a recent decline beneath $0.4050 and $0.380.
  • The worth is buying and selling beneath the $0.3750 degree and the 100-hourly easy transferring common.
  • There is a serious bearish pattern line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The worth might begin one other enhance if it clears the $0.3650 and $0.3680 resistance ranges.

Dogecoin Price Dips To Support

Dogecoin worth began a recent decline from the $0.4050 resistance zone, in contrast to Bitcoin and Ethereum. DOGE dipped beneath the $0.400 and $0.380 help ranges. It even spiked beneath $0.350.

A low was shaped at $0.3380 and the value is now consolidating losses beneath the 23.6% Fib retracement degree of the downward transfer from the $0.3860 swing excessive to the $0.3380 low. There can be a serious bearish pattern line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair.

Dogecoin worth is now buying and selling beneath the $0.3750 degree and the 100-hourly easy transferring common. Immediate resistance on the upside is close to the $0.3650 degree and the pattern line.

The first main resistance for the bulls could possibly be close to the $0.3680 degree or the 61.8% Fib retracement degree of the downward transfer from the $0.3860 swing excessive to the $0.3380 low. The subsequent main resistance is close to the $0.3750 degree.

Dogecoin Price

A shut above the $0.3750 resistance would possibly ship the value towards the $0.3860 resistance. Any extra positive factors would possibly ship the value towards the $0.40 degree. The subsequent main cease for the bulls may be $0.420.

Another Decline In DOGE?

If DOGE’s worth fails to climb above the $0.3750 degree, it might begin one other decline. Initial help on the draw back is close to the $0.340 degree. The subsequent main help is close to the $0.3380 degree.

The predominant help sits at $0.3250. If there’s a draw back break beneath the $0.3250 help, the value might decline additional. In the said case, the value would possibly decline towards the $0.3020 degree and even $0.300 within the close to time period.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum within the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now beneath the 50 degree.

Major Support Levels – $0.3380 and $0.3250.

Major Resistance Levels – $0.3650 and $0.3750.



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