{"id":657634,"date":"2024-12-05T05:08:06","date_gmt":"2024-12-05T05:08:06","guid":{"rendered":"https:\/\/uniquehot.com\/?p=657634"},"modified":"2024-12-05T04:05:02","modified_gmt":"2024-12-05T04:05:02","slug":"dogecoin-doge-bounces-back-0-50","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-doge-bounces-back-0-50\/","title":{"rendered":"Dogecoin (DOGE) Bounces Back: Is a New Rally Brewing?"},"content":{"rendered":"<p><em>Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.4650 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh increase above the $0.420 level.<\/li>\n<li>The price is trading above the $0.4250 level and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another rally if it clears the $0.450 and $0.4650 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Regains Momentum<\/h2>\n<p>Dogecoin price started a fresh increase above $0.410 like <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-soars-to-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-rockets-up-4000\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. DOGE traded above the $0.4200 and $0.4250 resistance levels.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low.<\/p>\n<p>Dogecoin price is now trading above the $0.420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4450 level. It is near the 76.4% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low.<\/p>\n<figure id=\"attachment_657635\" aria-describedby=\"caption-attachment-657635\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-657635\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=104 104w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=83 83w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_d636e9.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-657635\" 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>The first major resistance for the bulls could be near the $0.450 level. The next major resistance is near the $0.4650 level. A close above the $0.4650 resistance might send the price toward the $0.4750 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200.<\/p>\n<h2>Downside Correction In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.4450 level, it could start another decline. Initial support on the downside is near the $0.4250 level. The next major support is near the $0.4120 level.<\/p>\n<p>The main support sits at $0.400. If there is a downside break below the $0.400 support, the price could decline further. In the stated case, the price might decline toward the $0.3880 level or even $0.3750 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining 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 $0.4250 and $0.4120.<\/p>\n<p>Major Resistance Levels \u2013 $0.4450 and $0.4650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.4650 resistance. DOGE price started a fresh increase above the $0.420 level. The price is trading above the $0.4250 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could start another rally if it clears the $0.450 and $0.4650 resistance levels. Dogecoin Price Regains Momentum Dogecoin price started a fresh increase above $0.410 like Bitcoin and Ethereum. DOGE traded above the $0.4200 and $0.4250 resistance levels. There was a break above a key bearish trend line with resistance at $0.4150 on the hourly chart of the DOGE\/USD pair. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low. Dogecoin price is now trading above the $0.420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4450 level. It is near the 76.4% Fib retracement level of the downward move from the $0.4637 swing high to the $0.3878 low. The first major resistance for the bulls could be near the $0.450 level. The next major resistance is near the $0.4650 level. A close above the $0.4650 resistance might send the price toward the $0.4750 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200. Downside Correction In DOGE? If DOGE\u2019s price fails to climb above the $0.4450 level, it could start another decline. Initial support on the downside is near the $0.4250 level. The next major support is near the $0.4120 level. The main support sits at $0.400. If there is a downside break below the $0.400 support, the price could decline further. In the stated case, the price might decline toward the $0.3880 level or even $0.3750 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining 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 $0.4250 and $0.4120. Major Resistance Levels \u2013 $0.4450 and $0.4650.<\/p>\n","protected":false},"author":67,"featured_media":657636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600,84471],"class_list":["post-657634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\n<title>Dogecoin (DOGE) Bounces Back: Is a New Rally Brewing?<\/title>\n<meta name=\"description\" content=\"Dogecoin is gaining pace above the $0.4250 support against the US Dollar. 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