Dogecoin Price (DOGE) Prediction – Bulls Face Uphill Task Near $0.064

0 4

Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone.

  • DOGE started a decent increase above the $0.0615 resistance against the US dollar.
  • The price is trading above the $0.062 level and the 100 simple moving average (4 hours).
  • There is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
  • The price could struggle to clear the $0.0638 and $0.0640 resistance levels.

Dogecoin Price Starts Recovery

After a major decline, Dogecoin price found support near the $0.0595 zone. DOGE traded as low as $0.0591 and recently started a recovery wave. There was a decent move above $0.0600 and the price settled above $0.0612.

Recently, Bitcoin saw a steady increase above $27,000 and helped altcoins in recovery. Dogecoin is also showing a few positive signs and was able to clear the $0.062 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.

DOGE is now trading above the $0.062 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0638 level. It is close to the 50% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.

The first major resistance is near the $0.0640 level. Besides, there is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE/USD pair.

Dogecoin Price (DOGE) Prediction

knife

Source: DOGEUSD on TradingView.com

A close above the $0.0620 resistance might send the price toward the $0.0670 resistance. The next major resistance is near $0.0685. Any more gains might send the price toward the $0.072 level.

Are Dips Supported in DOGE?

If DOGE’s price fails to gain pace above the $0.0640 level, it could start a downside correction. Initial support on the downside is near the $0.0620 level.

The next major support is near the $0.060 level. If there is a downside break below the $0.060 support, the price could decline further. In the stated case, the price might decline toward the $0.0565 level.

Technical Indicators

4 Hours MACD – The MACD for DOGE/USD is now losing 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 – $0.0620, $0.0600, and $0.0565.

Major Resistance Levels – $0.0638, $0.0640, and $0.0685.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 66,145.72
ethereum
Ethereum (ETH) $ 3,554.16
tether
Tether (USDT) $ 0.999832
bnb
BNB (BNB) $ 603.52
solana
Solana (SOL) $ 146.62
staked-ether
Lido Staked Ether (STETH) $ 3,550.85
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.487215
dogecoin
Dogecoin (DOGE) $ 0.133819
the-open-network
Toncoin (TON) $ 7.90
cardano
Cardano (ADA) $ 0.409455
shiba-inu
Shiba Inu (SHIB) $ 0.00002
avalanche-2
Avalanche (AVAX) $ 29.27
tron
TRON (TRX) $ 0.117238
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,186.73
chainlink
Chainlink (LINK) $ 14.72
polkadot
Polkadot (DOT) $ 6.25
bitcoin-cash
Bitcoin Cash (BCH) $ 418.84
uniswap
Uniswap (UNI) $ 10.96
near
NEAR Protocol (NEAR) $ 5.40
litecoin
Litecoin (LTC) $ 77.72
matic-network
Polygon (MATIC) $ 0.604823
leo-token
LEO Token (LEO) $ 5.93
wrapped-eeth
Wrapped eETH (WEETH) $ 3,695.31
dai
Dai (DAI) $ 0.999724
pepe
Pepe (PEPE) $ 0.000012
internet-computer
Internet Computer (ICP) $ 9.21
kaspa
Kaspa (KAS) $ 0.156755
ethereum-classic
Ethereum Classic (ETC) $ 24.70
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,546.44
ethena-usde
Ethena USDe (USDE) $ 1.00
fetch-ai
Fetch.ai (FET) $ 1.38
aptos
Aptos (APT) $ 7.68
monero
Monero (XMR) $ 174.77
render-token
Render (RNDR) $ 7.93
hedera-hashgraph
Hedera (HBAR) $ 0.083534
filecoin
Filecoin (FIL) $ 5.13
mantle
Mantle (MNT) $ 0.868875
stellar
Stellar (XLM) $ 0.09722
cosmos
Cosmos Hub (ATOM) $ 7.10
okb
OKB (OKB) $ 45.74
blockstack
Stacks (STX) $ 1.83
crypto-com-chain
Cronos (CRO) $ 0.096549
arbitrum
Arbitrum (ARB) $ 0.891601
first-digital-usd
First Digital USD (FDUSD) $ 0.997641
dogwifcoin
dogwifhat (WIF) $ 2.47
immutable-x
Immutable (IMX) $ 1.62
injective-protocol
Injective (INJ) $ 23.91
sui
Sui (SUI) $ 0.922811
maker
Maker (MKR) $ 2,371.92
optimism
Optimism (OP) $ 2.01
the-graph
The Graph (GRT) $ 0.224043
vechain
VeChain (VET) $ 0.028493
bittensor
Bittensor (TAO) $ 292.96
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,945.28
lido-dao
Lido DAO (LDO) $ 2.13
floki
FLOKI (FLOKI) $ 0.000193
notcoin
Notcoin (NOT) $ 0.018158
arweave
Arweave (AR) $ 27.46
jasmycoin
JasmyCoin (JASMY) $ 0.036782
fantom
Fantom (FTM) $ 0.62331
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,681.05
ondo-finance
Ondo (ONDO) $ 1.12
theta-token
Theta Network (THETA) $ 1.60
bonk
Bonk (BONK) $ 0.000024
bitget-token
Bitget Token (BGB) $ 1.14
based-brett
Brett (BRETT) $ 0.154896
thorchain
THORChain (RUNE) $ 4.54
celestia
Celestia (TIA) $ 7.84
coredaoorg
Core (CORE) $ 1.61
whitebit
WhiteBIT Coin (WBT) $ 9.60
eos
EOS (EOS) $ 0.639505
pyth-network
Pyth Network (PYTH) $ 0.349683
aave
Aave (AAVE) $ 84.93
algorand
Algorand (ALGO) $ 0.14949
jupiter-exchange-solana
Jupiter (JUP) $ 0.895949
sei-network
Sei (SEI) $ 0.389616
quant-network
Quant (QNT) $ 80.77
ethena
Ethena (ENA) $ 0.716004
starknet
Starknet (STRK) $ 0.881938
flare-networks
Flare (FLR) $ 0.02682
cheelee
Cheelee (CHEEL) $ 20.14
gala
GALA (GALA) $ 0.03135
gatechain-token
Gate (GT) $ 8.55
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,598.07
flow
Flow (FLOW) $ 0.687696
kucoin-shares
KuCoin (KCS) $ 10.30
bitcoin-sv
Bitcoin SV (BSV) $ 47.86
beam-2
Beam (BEAM) $ 0.019144
axie-infinity
Axie Infinity (AXS) $ 6.50
tokenize-xchange
Tokenize Xchange (TKX) $ 11.72
zebec-protocol
Zebec Protocol (ZBC) $ 0.018255
bittorrent
BitTorrent (BTT) $ 0.00000094795398
ordinals
ORDI (ORDI) $ 43.32
dydx-chain
dYdX (DYDX) $ 1.47
elrond-erd-2
MultiversX (EGLD) $ 32.21
neo
NEO (NEO) $ 12.25
chiliz
Chiliz (CHZ) $ 0.095638
gnosis
Gnosis (GNO) $ 326.47
pendle
Pendle (PENDLE) $ 5.43