{"id":123790,"date":"2021-05-05T07:40:05","date_gmt":"2021-05-05T07:40:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123790"},"modified":"2021-05-05T07:40:05","modified_gmt":"2021-05-05T07:40:05","slug":"charted-dogecoin-doge-surges-50-heres-why-the-bulls-are-not-done-yet","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/charted-dogecoin-doge-surges-50-heres-why-the-bulls-are-not-done-yet\/","title":{"rendered":"Charted: Dogecoin (DOGE) Surges 50%, Here\u2019s Why The Bulls Are Not Done Yet"},"content":{"rendered":"<p><em>Dogecoin remained strong and it rallied further above $0.5000 against the US Dollar. DOGE surged over 50% and it traded to a new all-time high above $0.6500.<\/em><\/p>\n<ul>\n<li>DOGE extended its rally and it cleared the $0.5000 and $0.5500 resistance levels against the US dollar.<\/li>\n<li>The price is trading well above the $0.5000 zone and the 100 simple moving average (4-hours).<\/li>\n<li>There is a key bullish trend line forming with support near $0.4800 on the 4-hours chart of the DOGE\/USD pair (data source from Bitfinex).<\/li>\n<li>The pair is likely to continue higher above the $0.6800 and $0.7000 levels in the near term.<\/li>\n<\/ul>\n<h2>Dogecoin Rallies To New ATH<\/h2>\n<p>Yesterday, we discussed the chances of more gains in dogecoin above the $0.5000 resistance zone. DOGE did gain pace above the $0.5000 resistance, outpacing bitcoin and ethereum.<\/p>\n<p>It surged over 50% and it even cleared the $0.6500 level. A new all-time high is formed near the $0.6793, with a bullish angle. It is now trading well above the $0.5000 zone and the 100 simple moving average (4-hours).<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/03\/spring-cta-2.gif\" \/><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/03\/AD2_728x90.gif\" \/><\/p>\n<p>An initial support is near the $0.6200 level. The first key support is near the $0.6050 level. It is close to the 23.6% Fib retracement level of the recent surge from the $0.3618 swing low to $0.6793 high. If there is a downside break below the $0.6000 support, the price could correct further.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/05\/Doegcoin-DOGE-1.png\"><\/p>\n<p>Source: DOGEUSD on TradingView.com<\/p>\n<p>The main support is forming near the $0.5200 and $0.5000 levels. The 50% Fib retracement level of the recent surge from the $0.3618 swing low to $0.6793 high is also near $0.5200. Moreover, there is a key bullish trend line forming with support near $0.4800 on the 4-hours chart of the DOGE\/USD pair. Any more losses could open the doors for a move towards the $0.4000 level.<\/p>\n<h2>More Gains in DOGE?<\/h2>\n<p>If DOGE price remains stable above the $0.6000 support, there are chances of more gains. An initial resistance on the upside is near the $0.6750 level.<\/p>\n<p>The first major resistance is near the $0.7000 level. Any more gains above the $0.7000 zone could encourage the bulls to aim a test the important $1 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD &ndash; The MACD for DOGE\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) &ndash; The RSI for DOGE\/USD is now in the overbought zone.<\/p>\n<p>Major Support Levels &ndash; $0.6500, $0.6050 and $0.6000.<\/p>\n<p>Major Resistance Levels &ndash; $0.6750, $0.7000 and $0.8000.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/dogecoin-doge-surges-50-pc\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin remained strong and it rallied further<\/p>\n","protected":false},"author":3,"featured_media":123789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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