Rally

Bitcoin

Dogecoin

Resistance

Dogecoin is correcting gains from the $0.230 zone against the US Dollar. DOGE must stay above the $0.1750 support zone to start a fresh increase. 
<ul> 
 <li>DOGE struggled to stay above $0.225 and corrected gains against the US dollar.</li> 
 <li>The price is trading above the $0.1750 level and the 100 simple moving average (4 hours).</li> 
 <li>There was a break below a key bullish trend line with support at $0.2040 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could restart its increase unless there is a close below the $0.1750 support.</li> 
</ul> 
<h2 id="dogecoin-price-approaches-key-support">Dogecoin Price Approaches Key Support</h2> 
After a steady increase, Dogecoin price attempted more gains above the $0.230 zone. However, DOGE struggled above $0.2250. A high was formed at $0.2294 and the price started a downside correction, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dumped-to-66k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-drops-3320/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a drop below the $0.2050 and $0.200 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1228 swing low to the $0.2294 high. 
Besides, there was a break below a key bullish trend line with support at $0.2040 on the 4-hour chart of the DOGE/USD pair. However, Dogecoin is still above the $0.1750 level and the 100 simple moving average (4 hours). 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-600885" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461" alt="DOGE Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener nofollow">DOGEUSD on TradingView.com</a> 
On the upside, the price is facing resistance near the $0.1950 level. The next major resistance is near the $0.200 level. A close above the $0.200 resistance might send the price toward the $0.2150 resistance. The next major resistance is near $0.2300. Any more gains might send the price toward the $0.2500 level. 
<h2 id="more-downsides-in-doge">More Downsides in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.200 level, it could continue to move down. Initial support on the downside is near the $0.1820 level. 
The next major support is near the $0.1750 level or the 50% Fib retracement level of the upward move from the $0.1228 swing low to the $0.2294 high. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.1480 level. 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. 
Major Support Levels – $0.1820, $0.1750 and $0.1480. 
Major Resistance Levels – $0.2000, $0.2150, and $0.2300.

DOGE Price Prediction – Dogecoin Could Restart Rally If It Holds This Support

Indice dei contenuti

NewsBTC

Altri articoli pubblicati su 2 apr 2024

How Federal Interest Rates Shape the Crypto Landscape

Panther's CTO Discusses Future of DeFi Privacy on Epicenter Podcast (2 Apr)

Crypto Outlook: Coinbase Forecasts Upbeat Market in Q2

US Government Makes Surprise $2B Bitcoin Transfer On Heels Of Silk Road Seizure

Top Trending Meme Coins to Watch Out for in the Upcoming Weeks of April 2024

Investor Sentiment Shakes as Bitcoin ETF Outflows and Price Dip

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!