{"id":524656,"date":"2023-03-28T04:54:34","date_gmt":"2023-03-28T04:54:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=524656"},"modified":"2023-03-28T12:49:00","modified_gmt":"2023-03-28T12:49:00","slug":"dogecoin-breaks-out-of-resistance-line","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin-breaks-out-of-resistance-line\/","title":{"rendered":"Dogecoin (DOGE) Breaks Out Of Resistance Line – Will It Hit $1?"},"content":{"rendered":"

Dogecoin (DOGE) has recently reclaimed a crucial support level and shattered a resistance line that has been holding strong since November 2022.\u00a0<\/span><\/p>\n

If the price of Dogecoin continues to climb, investors and enthusiasts alike are wondering if this breakout will pave the way for the cryptocurrency to reach its long-awaited goal of $1.<\/span><\/p>\n

However, some experts continue to caution that the recent rally in Dogecoin may not be sustainable. Cryptocurrencies are notoriously volatile, and past performance is no guarantee of future success.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price Surge Threatened By Liquidity Crunch \u2013 What To Expect<\/a><\/div>\n

Dogecoin Loses Momentum<\/strong><\/h2>\n

CoinMarketCap data<\/span><\/a> shows the price of DOGE sitting above the retracement support level of $0.072, experiencing a decline of 1.73% within the past 24 hours. If the price were to break down from this level, it could potentially fall to the support level of $0.069.\u00a0<\/span><\/p>\n

Despite this, the long-term trend for DOGE remains bullish, as long as it stays trading above that line.<\/span><\/p>\n

Recent technical analysis of the short-term two-hour chart reveals that on March 25, the price of DOGE broke down from an ascending support line that had been in place since March 10.\u00a0<\/span><\/p>\n

Over the next 24 hours, the line was confirmed as resistance, which may signal the end of the short-term upward movement. This shift in trend could potentially impact the overall trajectory of DOGE in the coming weeks.<\/span><\/p>\n

What\u2019s Next For Dogecoin?<\/strong><\/h2>\n

With the recent breakdown of the ascending support line on the two-hour chart, some traders and investors may be questioning whether the price of Dogecoin will continue to climb toward $1 in the coming months.<\/span><\/p>\n

While it’s impossible to predict the future movements of any cryptocurrency with complete accuracy, it’s worth noting that DOGE has experienced significant volatility in the past. The price of Dogecoin has surged and fallen dramatically in response to a variety of factors, including social media hype, celebrity endorsements, and general market sentiment.<\/span><\/p>\n

<\/p>\n

Crypto total market cap rising a bit at $1.14 trillion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Top 5 Cryptos Showing Resilience And Expected To Rally This Week<\/a><\/div>\n
Based on current analysis, it appears that the most probable scenario for the price of DOGE is a breakdown from the minor support level of $0.072, potentially leading to a decline toward the $0.069 support level.<\/span><\/p>\n
However, there is also the possibility of a bullish reversal if the price of DOGE is able to reclaim its previous ascending support line. If this were to occur, it could lead to a potential increase in the price of DOGE to <\/span>as high as $1<\/span><\/a>.<\/span><\/p>\n
Whether the price of DOGE will reach $1 in 2023 remains to be seen, but one thing is clear: the cryptocurrency’s dedicated community is not going anywhere anytime soon.<\/span><\/p>\n
-Featured image from Shades of Grace<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin (DOGE) has recently reclaimed a crucial support level and shattered a resistance line that has been holding strong since November 2022.\u00a0 If the price of Dogecoin continues to climb, investors and enthusiasts alike are wondering if this breakout will pave the way for the cryptocurrency to reach its long-awaited goal of $1. However, some experts continue to caution that the recent rally in Dogecoin may not be sustainable. Cryptocurrencies are notoriously volatile, and past performance is no guarantee of future success.\u00a0 Related Reading: Bitcoin Price Surge Threatened By Liquidity Crunch \u2013 What To Expect Dogecoin Loses Momentum CoinMarketCap data shows the price of DOGE sitting above the retracement support level of $0.072, experiencing a decline of 1.73% within the past 24 hours. If the price were to break down from this level, it could potentially fall to the support level of $0.069.\u00a0 Despite this, the long-term trend for DOGE remains bullish, as long as it stays trading above that line. Recent technical analysis of the short-term two-hour chart reveals that on March 25, the price of DOGE broke down from an ascending support line that had been in place since March 10.\u00a0 Over the next 24 hours, the line was confirmed as resistance, which may signal the end of the short-term upward movement. This shift in trend could potentially impact the overall trajectory of DOGE in the coming weeks. What\u2019s Next For Dogecoin? With the recent breakdown of the ascending support line on the two-hour chart, some traders and investors may be questioning whether the price of Dogecoin will continue to climb toward $1 in the coming months. While it’s impossible to predict the future movements of any cryptocurrency with complete accuracy, it’s worth noting that DOGE has experienced significant volatility in the past. The price of Dogecoin has surged and fallen dramatically in response to a variety of factors, including social media hype, celebrity endorsements, and general market sentiment. Crypto total market cap rising a bit at $1.14 trillion on the daily chart at TradingView.com Related Reading: Top 5 Cryptos Showing Resilience And Expected To Rally This Week Based on current analysis, it appears that the most probable scenario for the price of DOGE is a breakdown from the minor support level of $0.072, potentially leading to a decline toward the $0.069 support level. However, there is also the possibility of a bullish reversal if the price of DOGE is able to reclaim its previous ascending support line. If this were to occur, it could lead to a potential increase in the price of DOGE to as high as $1. Whether the price of DOGE will reach $1 in 2023 remains to be seen, but one thing is clear: the cryptocurrency’s dedicated community is not going anywhere anytime soon. -Featured image from Shades of Grace<\/p>\n","protected":false},"author":557,"featured_media":524661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[85675,7,88045],"class_list":["post-524656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge-price","tag-dogecoin","tag-pa"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Breaks Out Of Resistance Line - Will It Hit $1?<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has recently reclaimed a crucial support level and shattered a resistance line that has been holding strong since November 2022.\u00a0 If the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/dogecoin-breaks-out-of-resistance-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin (DOGE) Breaks Out Of Resistance Line - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin (DOGE) Breaks Out Of Resistance Line – Will It Hit $1?","url":"http:\/\/ktsl888.com\/news\/dogecoin-breaks-out-of-resistance-line\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin-breaks-out-of-resistance-line\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/a-41.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/a-41.png?fit=510%2C338"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge price","dogecoin","pa"],"dateCreated":"2023-03-28T04:54:34Z","datePublished":"2023-03-28T04:54:34Z","dateModified":"2023-03-28T12:49:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin (DOGE) Breaks Out Of Resistance Line – Will It Hit $1?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin-breaks-out-of-resistance-line\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin-breaks-out-of-resistance-line\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-41.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-41.png?fit=510%2C338\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge price\",\"dogecoin\",\"pa\"],\"dateCreated\":\"2023-03-28T04:54:34Z\",\"datePublished\":\"2023-03-28T04:54:34Z\",\"dateModified\":\"2023-03-28T12:49:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/a-41.png?fit=510%2C338","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/524656"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=524656"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/524656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/524661"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=524656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=524656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=524656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}