Dogecoin Price (DOGE) Poised for a Steady Increase, Inspired by Bitcoin

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,321,392,158,196	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,321,392,158,196

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	723.09	1.09%	66,780.00	66,779.90	66,780.00

Price Change

Price Change %

Current Price

Bid Price

Offer

723.09

1.09%

66,780.00

66,779.90

66,780.00

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,944.76	64,686.10	66,039.96	66,056.91	26,806.06 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

67,944.76

64,686.10

66,039.96

66,056.91

26,806.06 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	23:49:29	0.000262	66,726.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

23:49:29

0.000262

66,726.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,287,564,549.35	19,441.26	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,287,564,549.35

19,441.26

Dogecoin Price (DOGE) Poised for a Steady Increase, Inspired by Bitcoin

09/08/2024 6:08am

NEWSBTC

Dogecoin started a decent increase above the $0.0950 resistance against the US Dollar. DOGE is showing positive signs and might aim for a move above $0.1080. DOGE price is gaining pace above the $0.100 pivot zone. The price is trading above the $0.100 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.1000 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it clears the $0.1100 resistance zone. Dogecoin Price Gains Over 10% In the past few sessions, Dogecoin price saw a decent increase above $0.090 like Bitcoin and Ethereum. The price was able to clear the $0.0945 and $0.0950 resistance levels. It cleared the 50% Fib retracement level of the downward move from the $0.1145 swing high to the $0.0804 low. Besides, there was a break above a key bearish trend line with resistance at $0.1000 on the hourly chart of the DOGE/USD pair. Dogecoin is now trading above the $0.100 level and the 100-hourly simple moving average. However, the bears seem to be active near the 76.4% Fib retracement level of the downward move from the $0.1145 swing high to the $0.0804 low. Immediate resistance on the upside is near the $0.1080 level. The next major resistance is near the $0.1100 level. A close above the $0.1100 resistance might send the price toward the $0.1145 resistance. Any more gains might send the price toward the $0.1220 level. The next major stop for the bulls might be $0.1250. Another Decline In DOGE? If DOGE’s price fails to recover above the $0.1100 level, it could start another decline. Initial support on the downside is near the $0.100 level. The next major support is near the $0.0980 level and the 100-hourly simple moving average. The main support sits at $0.0950. If there is a downside break below the $0.0950 support, the price could decline further. In the stated case, the price might decline toward the $0.0900 level or even $0.0880 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1000 and $0.0950. Major Resistance Levels – $0.1100 and $0.1145.

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