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  • Writer's pictureDavid Manion

Can DOGE reach $0.092?


Can DOGE reach $0.092?
Can DOGE reach $0.092?

Can DOGE reach $0.092? Dogecoin is showing positive signs above the $0.0750 resistance against the US Dollar. DOGE could rally over 10% if it clears the $0.0812 resistance zone.

  • DOGE started a decent increase above the $0.0750 resistance against the US dollar.

  • The price is trading above the $0.0785 level and the 100 simple moving average (4 hours).

  • There is a key bullish trend line forming with support near $0.0792 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).

  • The price could start a strong rally like Solana if it clears the $0.0812 resistance.

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Dogecoin Price Eyes Fresh Rally

Dogecoin's price has recently shown an upward trend, breaking through the $0.0725 resistance zone and moving into a positive zone similar to Bitcoin and Ethereum. The price has risen above the $0.0750 resistance, but is currently struggling to break through the $0.0812 resistance. Despite this, DOGE is trading above the $0.0785 level and the 100 simple moving average (4 hours), with a key bullish trend line forming with support near $0.0792 on the 4-hour chart of the DOGE/USD pair. The next major resistance is near the $0.0835 level.



Source: DOGEUSD on TradingView.com
Source: DOGEUSD on TradingView.com

A close above the $0.0835 resistance might send the price toward the $0.088 resistance. The next major resistance is near $0.0920. Any more gains might send the price toward the $0.095 level.


Are Dips Supported in DOGE?

If DOGE’s price fails to gain pace above the $0.0812 level, it could start a downside correction. Initial support on the downside is near the $0.0792 level and the trend line.


The next major support is near the $0.0770 level. If there is a downside break below the $0.0770 support, the price could decline further. In the stated case, the price might decline toward the $0.0710 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 – $0.0792, $0.0770, and $0.0710.

Major Resistance Levels – $0.0812, $0.0835, and $0.0880.


Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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