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{"id":598937,"date":"2024-03-21T04:58:41","date_gmt":"2024-03-21T04:58:41","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=598937"},"modified":"2024-06-11T14:41:25","modified_gmt":"2024-06-11T14:41:25","slug":"dogecoin-price-support-0-1220","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/dogecoin-price-support-0-1220\/","title":{"rendered":"Dogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?"},"content":{"rendered":"

Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200.<\/em><\/p>\n

\n
DOGE declined heavily and tested the $0.1220 support against the US dollar.<\/li>\n
The price is trading below the $0.1650 level and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Recovers Over 15%<\/h2>\n
After a strong decline, Dogecoin price found support near the $0.1220 zone. A low was formed at $0.1228 and DOGE recently started a decent recovery wave, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a steady increase above the $0.1320 and $0.1350 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low. There was also a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n
Dogecoin is still trading below the $0.160 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1580 level or the 50% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low.<\/p>\n
$\"Dogecoin$ <\/a><\/p>\n
Source: DOGEUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1850 resistance. The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level.<\/p>\n
Another Decline in DOGE?<\/h2>\n
If DOGE\u2019s price fails to gain pace above the $0.160 level, it could start another decline. Initial support on the downside is near the $0.1450 level.<\/p>\n
The next major support is near the $0.130 level. If there is a downside break below the $0.130 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 level.<\/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 $0.1450, $0.130 and $0.1150.<\/p>\n
Major Resistance Levels \u2013 $0.1580, $0.160, and $0.1650.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200. DOGE declined heavily and tested the $0.1220 support against the US dollar. The price is trading below the $0.1650 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels. Dogecoin Price Recovers Over 15% After a strong decline, Dogecoin price found support near the $0.1220 zone. A low was formed at $0.1228 and DOGE recently started a decent recovery wave, like Bitcoin and Ethereum. There was a steady increase above the $0.1320 and $0.1350 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low. There was also a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE\/USD pair. Dogecoin is still trading below the $0.160 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1580 level or the 50% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low. Source: DOGEUSD on TradingView.com The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1850 resistance. The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level. Another Decline in DOGE? If DOGE\u2019s price fails to gain pace above the $0.160 level, it could start another decline. Initial support on the downside is near the $0.1450 level. The next major support is near the $0.130 level. If there is a downside break below the $0.130 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 level. 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 $0.1450, $0.130 and $0.1150. Major Resistance Levels \u2013 $0.1580, $0.160, and $0.1650.<\/p>\n","protected":false},"author":67,"featured_media":429957,"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-598937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?<\/title>\n<meta name=\"description\" content=\"Dogecoin is recovering higher from $0.1220 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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