{"id":2193,"date":"2024-12-27T19:13:08","date_gmt":"2024-12-27T19:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-steadies-above-support-can-it-build-momentum\/"},"modified":"2024-12-27T19:13:08","modified_gmt":"2024-12-27T19:13:08","slug":"dogecoin-doge-steadies-above-support-can-it-build-momentum","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-steadies-above-support-can-it-build-momentum\/","title":{"rendered":"Dogecoin (DOGE) Steadies Above Support: Can It Build Momentum?"},"content":{"rendered":"<p><em>Dogecoin revisited the $0.30 support zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3165 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started another decline and traded toward the $0.300 level.<\/li>\n<li>The price is trading below the $0.320 level and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.3165 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 $0.3165 and $0.320 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Revisits Support<\/h2>\n<p>Dogecoin price started a fresh decline from well above $0.3350 like Bitcoin and Ethereum. DOGE traded below the $0.3250 and $0.320 support levels. It even spiked below $0.3120.<\/p>\n<p>A low was formed at $0.3081 and the price is now consolidating losses. It recovered some points and climbed above $0.3150. It tested the 23.6% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low.<\/p>\n<p>Dogecoin price is now trading below the $0.320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3165 level. There is also a connecting bearish trend line forming with resistance at $0.3165 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>The first major resistance for the bulls could be near the $0.3250 level or the 50% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-667418\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_bbd76b.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The next major resistance is near the $0.3295 level. A close above the $0.3295 resistance might send the price toward the $0.350 resistance. Any more gains might send the price toward the $0.3680 level. The next major stop for the bulls might be $0.40.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.3165 level, it could start another decline. Initial support on the downside is near the $0.3120 level. The next major support is near the $0.3080 level.<\/p>\n<p>The main support sits at $0.30. If there is a downside break below the $0.300 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2620 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 $0.3080 and $0.3000.<\/p>\n<p>Major Resistance Levels \u2013 $0.3165 and $0.3250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin revisited the $0.30 support zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3165 resistance. DOGE price started another decline and traded toward the $0.300 level. The price is trading below the $0.320 level and the 100-hourly simple moving average. There is a connecting bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2194,"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-2193","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\/2193","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=2193"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/2193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/2194"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=2193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=2193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=2193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}