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{"id":656237,"date":"2024-12-02T05:08:11","date_gmt":"2024-12-02T05:08:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656237"},"modified":"2024-12-02T04:12:22","modified_gmt":"2024-12-02T04:12:22","slug":"dogecoin-doge-eyes-big-break-0-50","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/doge\/dogecoin-doge-eyes-big-break-0-50\/","title":{"rendered":"Dogecoin (DOGE) Eyes Big Break: $0.50 Within Reach"},"content":{"rendered":"

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.<\/em><\/p>\n

\n
DOGE price started a fresh increase above the $0.440 level.<\/li>\n
The price is trading above the $0.4350 level and the 100-hourly simple moving average.<\/li>\n
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>\n
The price could start another increase if it clears the $0.4600 and $0.4640 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Regains Momentum<\/h2>\n
Dogecoin price started a fresh increase above $0.4150 like Bitcoin<\/a> and 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.<\/p>\n
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.<\/p>\n
Dogecoin price 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.<\/p>\n
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.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
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.<\/p>\n
Downside Correction In DOGE?<\/h2>\n
If DOGE\u2019s 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.<\/p>\n
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.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.4400 and $0.4300.<\/p>\n
Major Resistance Levels \u2013 $0.4500 and $0.4640.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. DOGE price started a fresh increase above the $0.440 level. The price is trading above the $0.4350 level and the 100-hourly simple moving average. 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). The price could start another increase if it clears the $0.4600 and $0.4640 resistance levels. Dogecoin Price Regains Momentum Dogecoin price started a fresh increase above $0.4150 like Bitcoin and Ethereum. 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. Dogecoin price 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. Downside Correction In DOGE? If DOGE\u2019s 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 Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level. Major Support Levels \u2013 $0.4400 and $0.4300. Major Resistance Levels \u2013 $0.4500 and $0.4640.<\/p>\n","protected":false},"author":67,"featured_media":656239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600,84471],"class_list":["post-656237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Eyes Big Break: $0.50 Within Reach<\/title>\n<meta name=\"description\" content=\"Dogecoin is gaining pace above the $0.4250 support against the US Dollar. 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