Dogecoin

bullish

Resistance

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<ul class="wp-block-list">
 <li>Dogecoin surged past $0.1100, breaking key resistance and sparking bullish momentum.</li>  
 <li>Immediate resistance lies near $0.1280, with potential gains if broken.</li>  
 <li>Key support at $0.1200; a dip below could signal a bearish trend.</li> 
</ul>  
<p>The price of <a href="https://cryptonewsland.com/16000-doge-pump-10-dogecoin-ath/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> recently surged, pushing past the critical $0.1100 resistance. This upward momentum led to a break above multiple key levels, outshining Bitcoin and Ethereum. As the market buzzed, DOGE soared beyond $0.1200, sparking optimism among traders. But will this rally sustain, or is another drop on the horizon?</p>  
<h2 class="wp-block-heading" id="h-doge-breaks-key-levels-and-keeps-climbing">DOGE Breaks Key Levels and Keeps Climbing</h2>  
<p>In the latest trading sessions, Dogecoin showed strong performance. The price broke above the resistance of a <a href="https://cryptonewsland.com/mastering-cryptos-hidden-signals-5-chart-patterns-that-could-skyrocket-your-profits/" rel="noopener noreferrer nofollow">falling wedge chart pattern</a>, at $0.1170. This led to a steady rise, reaching a high of $0.1297.</p>  
<figure class="wp-block-image size-large"><img src="https://cryptonewsland.com/wp-content/uploads/2024/10/20241017_163726-1024x576.jpg" alt="" class="wp-image-186542">
</figure>  
<p>Source: Trading View</p>  
<p>However, a minor dip followed, with a slight correction below $0.1265 and the 23.6% Fib retracement level from the $0.1101 low to the $0.1297 peak. Despite the brief pullback, Dogecoin remained above $0.1200 and the 100-hourly simple moving average. This suggests room for further growth.</p>  
<p>Immediate resistance sits near $0.1280, followed by a stronger barrier at $0.1300. A successful break above these could push <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a> to $0.1320 or even $0.19. If the rally holds, bulls might set sights on $0.29, a significant leap from the current range.</p>  
<h2 class="wp-block-heading" id="h-key-support-levels-and-market-risks">Key Support Levels and Market Risks</h2>  
<p>Although the recent surge appears promising, risks still linger. Failing to clear the $0.1280 resistance could lead to a downturn. Initial support levels rest at $0.1235, with stronger support found at $0.1200. A dip below $0.1200 might drive prices to $0.1175, with further declines possible to $0.1150 and even $0.1120.</p>  
<p>Close attention to these levels can help traders navigate potential downturns, as a break below $0.1175 might hint at a bearish trend. <a href="https://www.investopedia.com/top-7-technical-analysis-tools-4773275" rel="noopener noreferrer nofollow">Technical indicators</a> show a bullish outlook. The hourly MACD is gaining in the green zone, while the RSI remains above 50, signaling strength. However, volatility may still shift market trends unexpectedly.</p>  
<p>Dogecoin's recent price action signals renewed interest. A break past $0.1300 might launch a fresh bullish phase, but traders must stay alert. Even a slight dip below the main support could alter the market’s direction quickly.</p>   
<p>The post <a href="https://cryptonewsland.com/dogecoin-rises-above-key-price-levels/" rel="noopener noreferrer nofollow">Dogecoin Rises Above Key Resistance and Weekly Range, DOGE Hype Reigniting?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Dogecoin Rises Above Key Resistance and Weekly Range, DOGE Hype Reigniting?

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