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Dogecoin Price Prediction – DOGE Signals Bullish Break, Bulls Aims For $0.10

February 20, 2024
Reading Time: 3 mins read
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Dogecoin is exhibiting bullish indicators above the $0.0875 zone in opposition to the US Greenback. DOGE might lengthen its rally towards the $0.100 resistance within the close to time period.

  • DOGE is exhibiting optimistic indicators above the $0.0875 zone in opposition to the US greenback.
  • The value is buying and selling above the $0.0880 stage and the 100 easy transferring common (4 hours).
  • There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The value might lengthen its rally above the $0.090 and $0.092 resistance ranges.

Dogecoin Value Goals Larger

Previously few periods, Dogecoin value began a decent increase from the $0.082 help zone. DOGE cleared many hurdles close to $0.0850 to enter a optimistic zone.

There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair. It even broke the $0.0880 resistance to maneuver additional right into a optimistic zone like Bitcoin and Ethereum. A excessive was fashioned close to $0.0914 and the worth is now correcting positive factors.

There was a transfer beneath the 23.6% Fib retracement stage of the latest wave from the $0.0820 swing low to the $0.0914 excessive. DOGE can also be buying and selling above the $0.0875 stage and the 100 easy transferring common (4 hours).

Dogecoin Price Prediction

Supply: DOGEUSD on TradingView.com

On the upside, the worth is going through resistance close to the $0.0892 stage. The following main resistance is close to the $0.0915 stage. An in depth above the $0.0915 resistance may ship the worth towards the $0.095 resistance. The following main resistance is close to $0.100. Any extra positive factors may ship the worth towards the $0.120 stage.

Draw back Correction in DOGE?

If DOGE’s value fails to realize tempo above the $0.0915 stage, it might begin a draw back correction. Preliminary help on the draw back is close to the $0.0865 stage.

The following main help is close to the $0.0855 stage or the 61.8% Fib retracement stage of the latest wave from the $0.0820 swing low to the $0.0914 excessive. If there’s a draw back break beneath the $0.0855 help, the worth might decline additional. Within the said case, the worth may decline towards the $0.0820 stage.

Technical Indicators

4 Hours MACD – The MACD for DOGE/USD is now dropping momentum within the bullish zone.

4 Hours RSI (Relative Power Index) – The RSI for DOGE/USD is now above the 50 stage.

Main Assist Ranges – $0.0865, $0.0855 and $0.0820.

Main Resistance Ranges – $0.0915, $0.095, and $0.10.

Disclaimer: The article is supplied for instructional functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding selections. Use data supplied on this web site fully at your individual threat.



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