{"id":985,"date":"2024-10-25T18:13:09","date_gmt":"2024-10-25T18:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-poised-for-another-rise-can-bulls-drive-higher\/"},"modified":"2024-10-25T18:13:09","modified_gmt":"2024-10-25T18:13:09","slug":"dogecoin-doge-poised-for-another-rise-can-bulls-drive-higher","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-poised-for-another-rise-can-bulls-drive-higher\/","title":{"rendered":"Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?"},"content":{"rendered":"<p><em>Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase.<\/em><\/p>\n<ul>\n<li>DOGE price started a downside correction from the $0.1500 resistance level.<\/li>\n<li>The price is trading below the $0.1420 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Eyes Upside Break<\/h2>\n<p>Dogecoin price started a downside correction from the $0.1500 resistance zone. DOGE dipped below $0.1450 and $0.1420 levels. A low was formed at $0.1330 and the price is now recovering losses like Bitcoin and Ethereum.<\/p>\n<p>There was also a move above the $0.1350 and $0.1380 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. However, the bears are active near the $0.1425 resistance zone.<\/p>\n<p>There is also a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low.<\/p>\n<p>Dogecoin price is now trading below the $0.1420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1425 level. The next major resistance is near the $0.1450 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-649771 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE_51a05f.png?resize=1024%2C478\" alt=\"Dogecoin (DOGE)\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $0.1450 resistance might send the price toward the $0.1500 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.1425 level, it could start another decline. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1350 level.<\/p>\n<p>The main support sits at $0.1320. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 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 bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.1365 and $0.1320.<\/p>\n<p>Major Resistance Levels \u2013 $0.1425 and $0.1450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":986,"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-985","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\/985","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=985"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/986"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}