Bitcoin

Dogecoin

Resistance

Dogecoin is attempting a recovery wave above the $0.150 resistance zone against the US Dollar. DOGE could struggle to clear the $0.170 resistance zone. 
<ul> 
 <li>DOGE started a recovery wave from the $0.1280 support zone against the US dollar.</li> 
 <li>The price is trading above the $0.1500 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bearish trend line forming with resistance at $0.170 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.170 to move into a positive zone and start a fresh surge.</li> 
</ul> 
<h2 id="dogecoin-price-faces-hurdles">Dogecoin Price Faces Hurdles</h2> 
After a major decline, Dogecoin price found support at $0.1280. A low was formed at $0.1283 and DOGE started a decent recovery wave, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-pump-66k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-buy-dip-3150/" target="_blank" rel="noopener ">Ethereum</a>. There was a move above the $0.1350 and $0.140 resistance levels. 
The price climbed above the 23.6% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low. However, the bears are still active and protecting more gains. There is also a key bearish trend line forming with resistance at $0.170 on the 4-hour chart of the DOGE/USD pair. 
Dogecoin is also below the $0.1650 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1690 level or the 50% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-604383" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461" alt="DOGE Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_9bba45.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> 
The next major resistance is near the $0.170 level. A close above the $0.170 resistance might send the price toward the $0.1880 resistance. The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level. 
<h2 id="another-decline-in-doge">Another Decline in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.170 level, it could start another decline. Initial support on the downside is near the $0.1525 level. 
The next major support is near the $0.1475 level. 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 $0.1280 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 – $0.1525, $0.1475 and $0.1280. 
Major Resistance Levels – $0.1690, $0.1700, and $0.200.

DOGE Price Prediction – Dogecoin Recovery Could Stall At $0.170

목차

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