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

CORE DAO Price : What Will Be My Portfolio If CORE DAO Price Hits 10?

Crypto VC funding surged 53% in March, Optimism wins largest share

Ripple vs. SEC: Key April Dates to Watch for the XRP Lawsuit

Emerging VR blockchain game 5th Scape sees strong ICO support

Bitcoin Cash Halving Countdown; BCH Hits Highest Price Since 2021

Bitcoin Mining Surges Amid Market Optimism: A Closer Look

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!