Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	377,151,953,419	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

377,151,953,419

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	24.56	0.79%	3,142.26	3,142.17	3,142.41

Price Change

Price Change %

Current Price

Bid Price

Offer

24.56

0.79%

3,142.26

3,142.17

3,142.41

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,171.64	3,073.70	3,117.96	3,117.70	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,171.64

3,073.70

3,117.96

3,117.70

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:40:48	0.031510	3,142.26	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:40:48

0.031510

3,142.26

USD

Price x Volume	Volume	Base Symbol	Related Pairs
60,285,366.47	19,386.44	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

60,285,366.47

19,386.44

Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical

12/01/2023 5:17am

NEWSBTC

Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance. DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.080 resistance. Dogecoin Price Signals Bullish After a strong decline, dogecoin price found support near the $0.066 zone. DOGE remained well bid and started a steady increase above the $0.068 resistance. There was a clear move above the $0.070 resistance zone to set the pace for a decent increase. The price cleared the 23.6% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low. The price is now trading above the $0.0750 zone and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair. In the past few sessions, doge saw bullish moves above $0.075, similar to bitcoin and ethereum. On the upside, the price is facing resistance near the $0.080 level. The first major resistance is near the $0.0820 level. A clear move above the $0.082 resistance might send the price towards the $0.088 resistance. It is near the 50% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low. Source: DOGEUSD on TradingView.com Any more gains might send the price towards the $0.090 level. A clear move above the $0.090 resistance could open the gates for a rally towards the $0.100 level. Dips Limited in DOGE? If DOGE price fails to gain pace above the $0.082 level, it could started a downside correction. An initial support on the downside is near the $0.0765 level. The next major support is near the $0.074 level and the trend line. If there is a downside break below the $0.074 support, the price could decline further. In the stated case, the price might decline towards the $0.070 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 above the 50 level. Major Support Levels – $0.0765, $0.0740 and $0.0700. Major Resistance Levels – $0.080, $0.0850 and $0.088.

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