{"id":2138,"date":"2024-12-24T19:13:09","date_gmt":"2024-12-24T19:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-hints-at-revival-can-it-defy-the-odds\/"},"modified":"2024-12-24T19:13:09","modified_gmt":"2024-12-24T19:13:09","slug":"dogecoin-doge-hints-at-revival-can-it-defy-the-odds","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-hints-at-revival-can-it-defy-the-odds\/","title":{"rendered":"Dogecoin (DOGE) Hints at Revival: Can It Defy The Odds?"},"content":{"rendered":"<p><em>Dogecoin dived toward the $0.2620 support against the US Dollar. DOGE is now recovering losses and might gain traction if it clears the $0.3350 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started a recovery wave above the $0.30 level.<\/li>\n<li>The price is trading above the $0.320 level and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.3120 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could gain momentum if it clears the $0.3350 and $0.350 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Recovers Ground<\/h2>\n<p>Dogecoin price started a fresh decline from well above $0.3550 like Bitcoin and Ethereum. DOGE traded below the $0.3350 and $0.320 support levels. It even spiked below $0.280.<\/p>\n<p>A low was formed at $0.2613 and the price is now recovering losses. It recovered some points and climbed above $0.300. It tested the 23.6% Fib retracement level of the downward move from the $0.4095 swing high to the $0.2613 low.<\/p>\n<p>There was a break above a connecting bearish trend line with resistance at $0.3120 on the hourly chart of the DOGE\/USD pair. Dogecoin price is now trading above the $0.320 level and the 100-hourly simple moving average.<\/p>\n<p>Immediate resistance on the upside is near the $0.3350 level. The first major resistance for the bulls could be near the $0.3520 level or the 61.8% Fib retracement level of the downward move from the $0.4095 swing high to the $0.2613 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-666649\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_34f512.png?resize=1024%2C478\" alt=\"Dogecoin Price \" width=\"1024\" height=\"478\" \/><\/p>\n<p>The next major resistance is near the $0.3750 level. A close above the $0.3750 resistance might send the price toward the $0.3880 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.4120.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.30 level. The next major support is near the $0.2850 level.<\/p>\n<p>The main support sits at $0.2620. If there is a downside break below the $0.2620 support, the price could decline further. In the stated case, the price might decline toward the $0.250 level or even $0.2320 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 $0.3000 and $0.2850.<\/p>\n<p>Major Resistance Levels \u2013 $0.3350 and $0.3500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin dived toward the $0.2620 support against the US Dollar. DOGE is now recovering losses and might gain traction if it clears the $0.3350 resistance. DOGE price started a recovery wave above the $0.30 level. The price is trading above the $0.320 level and the 100-hourly simple moving average. There was a break above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[454],"tags":[167,457,166,172,173,199],"class_list":["post-2138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-doge","tag-doge-btc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=2138"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/2139"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=2138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=2138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=2138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}