Dogecoin Price Soars 25%, Why DOGE Bulls Are Not Done Yet

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	19,321,236,347	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

19,321,236,347

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00093	0.69%	0.13514	0.13516	0.13518

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00093

0.69%

0.13514

0.13516

0.13518

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.13591	0.13288	0.13383	0.13421	0.055786 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.13591

0.13288

0.13383

0.13421

0.055786 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:11:12	2,000.00	0.13513	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:11:12

2,000.00

0.13513

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,274,641.72	76,549,895.99	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,274,641.72

76,549,895.99

Dogecoin Price Soars 25%, Why DOGE Bulls Are Not Done Yet

29/02/2024 4:58am

NEWSBTC

Dogecoin is up over 25% against the US Dollar. DOGE cleared the $0.120 resistance and might continue to rise toward the $0.132 resistance. DOGE started a strong increase after it broke the $0.0850 resistance against the US dollar. The price is trading above the $0.120 level and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could extend its rally above the $0.1280 and $0.130 resistance levels. Dogecoin Price Pumps Above $0.12 In the past few sessions, Dogecoin price started a strong increase from the $0.080 support zone. DOGE cleared many hurdles near $0.0850 to enter a positive zone. There was a break above a key contracting triangle with resistance at $0.0845 on the 4-hour chart of the DOGE/USD pair. It even broke the $0.100 resistance to move further into a positive zone like Bitcoin and Ethereum. It is up over 25% and trading above $0.120. A new multi-week high was formed near $0.1282 and the price is now correcting gains. The price is well above the 23.6% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high. Source: DOGEUSD on TradingView.com DOGE is also trading above the $0.1220 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1280 level. The next major resistance is near the $0.1320 level. A close above the $0.1320 resistance might send the price toward the $0.1450 resistance. The next major resistance is near $0.150. Any more gains might send the price toward the $0.1620 level. Downside Correction in DOGE? If DOGE’s price fails to gain pace above the $0.1280 level, it could start a downside correction. Initial support on the downside is near the $0.120 level. The next major support is near the $0.1065 level or the 50% Fib retracement level of the recent surge from the $0.0845 swing low to the $0.1282 high. If there is a downside break below the $0.1065 support, the price could decline further. In the stated case, the price might decline toward the $0.100 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now in the overbought zone. Major Support Levels – $0.120, $0.1065 and $0.10. Major Resistance Levels – $0.1280, $0.1320, and $0.150.

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DOGEUSD Dogecoin