Dogecoin Price Prediction – DOGE Bulls Be Able to Hit $0.092 Barrier?
November 28 2023 - 11:58PM
NEWSBTC
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. Dogecoin Price Eyes Fresh Rally
After forming a base above the $0.070 level, Dogecoin price started
a fresh increase. DOGE broke the $0.0725 resistance zone to move
into a positive zone, like Bitcoin and Ethereum. The bulls were
able to push the price further above the $0.0750 resistance. There
was a clear move above the 50% Fib retracement level of the
downward move from the $0.0875 swing high to the $0.0707 low.
However, the price seems to be struggling near the $0.0812
resistance. DOGE is now trading above the $0.0785 level and the 100
simple moving average (4 hours). There is also a key bullish trend
line forming with support near $0.0792 on the 4-hour chart of the
DOGE/USD pair. On the upside, the price is facing resistance near
the $0.0812 level. It is close to the 61.8% Fib retracement level
of the downward move from the $0.0875 swing high to the $0.0707
low. The next major resistance is near the $0.0835 level. 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.
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