Dogecoin

0.5X Long Dogecoin Token

Memecoin

The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/dogecoin-doge-shows-strong-bullish-signs-0-50-within-reach/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Shows Strong Bullish Signs: $0.50 Within Reach</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance.<ul><li>DOGE price started a fresh increase above the $0.440 level.</li><li>The price is trading above the $0.4350 level and the 100-hourly simple moving average.</li><li>There is a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li><li>The price could start another increase if it clears the $0.4600 and $0.4640 resistance levels.</li></ul><h2 id="header-0">Dogecoin Price Regains Momentum</h2>Dogecoin price started a fresh increase above $0.4150 like <a href="https://cryptosnewss.com/michael-saylor-proposes-5-trillion-bitcoin-strategy-for-microsoft/" rel="noopener noreferrer nofollow">Bitcoin </a>and <a href="https://cryptosnewss.com/ethereums-bull-flag-points-to-4k-analysts-remain-cautious/" rel="noopener noreferrer nofollow">Ethereum</a>. DOGE traded above the $0.4250 and $0.4400 resistance levels. The price is up over 5% and the recent high was formed at $0.4637.The price is now consolidating gains below the $0.450 level. There was a minor decline toward the $0.4450 and $0.4400 levels and the 23.6% Fib retracement level of the upward move from the $0.3646 swing low to the $0.4637 high.<a href="https://cryptosnewss.com/analysts-predict-dogecoins-record-breaking-price-surge/" rel="noopener noreferrer nofollow">Dogecoin price</a> is now trading above the $0.430 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE/USD pair.Immediate resistance on the upside is near the $0.4550 level. The first major resistance for the bulls could be near the $0.46400 level. The next major resistance is near the $0.4720 level.A close above the $0.4720 resistance might send the price toward the $0.4880 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200.<h2 id="header-1">Downside Correction In DOGE?</h2>If DOGE’s price fails to climb above the $0.4500 level, it could start another decline. Initial support on the downside is near the $0.4400 level. The next major support is near the $0.430 level and the trend line.The main support sits at $0.4150. If there is a downside break below the $0.4150 support, the price could decline further. In the stated case, the price might decline toward the $0.4000 level or even $0.3800 in the near term.Technical IndicatorsHourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.Major Support Levels – $0.4400 and $0.4300.Major Resistance Levels – $0.4500 and $0.4640.The post <a href="https://cryptosnewss.com/dogecoin-doge-shows-strong-bullish-signs-0-50-within-reach/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Shows Strong Bullish Signs: $0.50 Within Reach</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Dogecoin (DOGE) Shows Strong Bullish Signs: $0.50 Within Reach

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