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HomeMarketDogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?

Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?


Dogecoin began a contemporary improve from the $0.1650 zone in opposition to the US Dollar. DOGE is now gaining tempo and would possibly rise towards the $0.185 zone.

  • DOGE value began a contemporary improve above the $0.170 and $0.172 ranges.
  • The value is buying and selling above the $0.1750 stage and the 100-hourly easy shifting common.
  • There is a connecting bullish development line forming with assist at $0.1740 on the hourly chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The value might begin a contemporary improve if it clears the $0.180 resistance zone.

Dogecoin Price Aims Higher

Dogecoin value began a contemporary improve after it discovered assist close to $0.1650, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.170 resistance zone.

The bulls even pushed the value above the 50% Fib retracement stage of the downward transfer from the $0.1843 swing excessive to the $0.1642 low. Besides, there may be a connecting bullish development line forming with assist at $0.1740 on the hourly chart of the DOGE/USD pair.

Dogecoin value is now buying and selling above the $0.1750 stage and the 100-hourly easy shifting common. Immediate resistance on the upside is close to the $0.1780 stage.

Dogecoin Price

The first main resistance for the bulls could possibly be close to the $0.1790 stage and the 76.4% Fib retracement stage of the downward transfer from the $0.1843 swing excessive to the $0.1642 low. The subsequent main resistance is close to the $0.1840 stage. An in depth above the $0.1840 resistance would possibly ship the value towards the $0.1880 resistance. Any extra good points would possibly ship the value towards the $0.1920 stage. The subsequent main cease for the bulls may be $0.200.

Another Decline In DOGE?

If DOGE’s value fails to climb above the $0.1790 stage, it might begin one other decline. Initial assist on the draw back is close to the $0.1740 stage. The subsequent main assist is close to the $0.1720 stage.

The fundamental assist sits at $0.1650. If there may be a draw back break under the $0.1650 assist, the value might decline additional. In the acknowledged case, the value would possibly decline towards the $0.1550 stage and even $0.1450 in the close to time period.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

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

Major Support Levels – $0.1740 and $0.1720.

Major Resistance Levels – $0.1790 and $0.1850.



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