{"id":663302,"date":"2024-12-17T05:08:37","date_gmt":"2024-12-17T05:08:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=663302"},"modified":"2024-12-17T04:02:38","modified_gmt":"2024-12-17T04:02:38","slug":"dogecoin-doge-rally-hold-0-4550","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-doge-rally-hold-0-4550\/","title":{"rendered":"Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In?"},"content":{"rendered":"<p><em>Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline below the $0.40 level.<\/li>\n<li>The price is trading below the $0.4050 level and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $0.3950 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 $0.4050 and $0.4150 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Eyes Fresh Increase<\/h2>\n<p>Dogecoin price started a fresh decline from well above $0.410 unlike <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-powers-ahead-107k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-gears-up-4120\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. DOGE traded below the $0.4020 and $0.400 support levels. It even spiked below $0.3980.<\/p>\n<p>A low was formed at $0.3963 and the price is now consolidating losses. It recovered some points and climbed above $0.40. It surpassed the 23.6% Fib retracement level of the downward move from the $0.4136 swing high to the $0.3963 low.<\/p>\n<p>Dogecoin price is now trading below the $0.4050 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $0.4025 level. The first major resistance for the bulls could be near the $0.4050 level. The next major resistance is near the $0.4095 level or the 76.4% Fib retracement level of the downward move from the $0.4136 swing high to the $0.3963 low.<\/p>\n<figure id=\"attachment_663303\" aria-describedby=\"caption-attachment-663303\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-663303\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=104 104w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=83 83w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_09d05b.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-663303\" 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>A close above the $0.4095 resistance might send the price toward the $0.4150 resistance. Any more gains might send the price toward the $0.4350 level. The next major stop for the bulls might be $0.4500.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.4050 level, it could start another decline. Initial support on the downside is near the $0.3980 level. The next major support is near the $0.3950 level.<\/p>\n<p>The main support sits at $0.3750. If there is a downside break below the $0.3750 support, the price could decline further. In the stated case, the price might decline toward the $0.350 level or even $0.3420 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.3980 and $0.3750.<\/p>\n<p>Major Resistance Levels \u2013 $0.4050 and $0.4095.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050. DOGE price started a fresh decline below the $0.40 level. The price is trading below the $0.4050 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could start another rally if it clears the $0.4050 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a fresh decline from well above $0.410 unlike Bitcoin and Ethereum. DOGE traded below the $0.4020 and $0.400 support levels. It even spiked below $0.3980. A low was formed at $0.3963 and the price is now consolidating losses. It recovered some points and climbed above $0.40. It surpassed the 23.6% Fib retracement level of the downward move from the $0.4136 swing high to the $0.3963 low. Dogecoin price is now trading below the $0.4050 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE\/USD pair. Immediate resistance on the upside is near the $0.4025 level. The first major resistance for the bulls could be near the $0.4050 level. The next major resistance is near the $0.4095 level or the 76.4% Fib retracement level of the downward move from the $0.4136 swing high to the $0.3963 low. A close above the $0.4095 resistance might send the price toward the $0.4150 resistance. Any more gains might send the price toward the $0.4350 level. The next major stop for the bulls might be $0.4500. More Losses In DOGE? If DOGE\u2019s price fails to climb above the $0.4050 level, it could start another decline. Initial support on the downside is near the $0.3980 level. The next major support is near the $0.3950 level. The main support sits at $0.3750. If there is a downside break below the $0.3750 support, the price could decline further. In the stated case, the price might decline toward the $0.350 level or even $0.3420 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.3980 and $0.3750. Major Resistance Levels \u2013 $0.4050 and $0.4095.<\/p>\n","protected":false},"author":67,"featured_media":663304,"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-663302","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) Rally on Hold: Can Momentum Kick Back In?<\/title>\n<meta name=\"description\" content=\"Dogecoin started a downside correction below the $0.400 support against the US Dollar. 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